University Of Virginia Community Credit Union Mortgage Rates, Fees & Info
Charlottesville, VALEI: 549300TYKYOVQFBZBV90
Tax ID: 54-0674170
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Mortgage Data
Review & Overview
University Of Virginia Community Credit Union is a smaller credit union specializing in Home Purchase loans. University Of Virginia Community Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Charlottesville, Washington, Staunton, Harrisonburg, and Richmond among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)University Of Virginia Community Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
798Origination Dollar Volume (All Markets)
$155,550,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 461 | $83,055,000 | $180,163 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 109 | $24,005,000 | $220,229 | $0 | 0.00% |
| Outside of Metro Areas | 117 | $21,005,000 | $179,530 | $0 | 0.00% |
| STAUNTON, VA (FHA|USDA|VA) | 60 | $14,390,000 | $239,833 | $0 | 0.00% |
| HARRISONBURG, VA (FHA|USDA|VA) | 25 | $5,955,000 | $238,200 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 14 | $3,830,000 | $273,571 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 8 | $1,890,000 | $236,250 | $0 | 0.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 772 | $147,480,000 | $191,036 | $0 | 0.00% |
| FHA | 24 | $7,170,000 | $298,750 | $0 | 0.00% |
| VA | 2 | $900,000 | $450,000 | $0 | 0.00% |
For 2024, University Of Virginia Community Credit Union's most frequently originated type of loan was Conventional, with 772 originations. Their 2nd most popular type was FHA, with 24 originations.
Loan Reason
For 2024, University Of Virginia Community Credit Union's most frequently cited loan purpose was Home Improvement, with 256 originations. The 2nd most popular reason was Home Purchase, with 241 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 798 | $155,550,000 | $194,925 | $0 | 0.00% |
For 2024, University Of Virginia Community Credit Union's most frequently cited loan duration was Other, with 798 originations.
Loan Sizing
2024 saw University Of Virginia Community Credit Union place emphasis on $100,000 or less loans with 290 originations, totaling $17,310,000 in origination value.
Applicant Income
University Of Virginia Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 224 originations. The second most popular income band? $150k-250k, with 196 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 798 | $155,550,000 | $194,925 | $0 | 0.00% |
University Of Virginia Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 798 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.81%
University Of Virginia Community Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination75.56%
University Of Virginia Community Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 798 | $155,550,000 | $194,925 |