University Of Virginia Community Credit Union Mortgage Rates, Fees & Info
Charlottesville, VALEI: 549300TYKYOVQFBZBV90
Tax ID: 54-0674170
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
University Of Virginia Community Credit Union is a smaller credit union specializing in Home Improvement, Refi, and Cash Out Refi loans. University Of Virginia Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Charlottesville, Washington, Richmond, Staunton, and Harrisonburg among others. We have data for 8 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
411Origination Dollar Volume (All Markets)
$54,435,000Top 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) | 295 | $38,745,000 | $131,339 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 49 | $7,655,000 | $156,224 | $0 | 0.00% |
| Outside of Metro Areas | 51 | $6,005,000 | $117,745 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $0 | 0.00% |
| STAUNTON, VA (FHA|USDA|VA) | 8 | $590,000 | $73,750 | $0 | 0.00% |
| HARRISONBURG, VA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $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.
Similarity Rank: 279
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Similarity Rank: 2020
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 411 | $54,435,000 | $132,445 | $0 | 0.00% |
For 2021, University Of Virginia Community Credit Union's most frequently originated type of loan was Conventional, with 411 originations.
Loan Reason
For 2021, University Of Virginia Community Credit Union's most frequently cited loan purpose was Home Improvement, with 181 originations. The 2nd most popular reason was Refi, with 93 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 411 | $54,435,000 | $132,445 | $0 | 0.00% |
For 2021, University Of Virginia Community Credit Union's most frequently cited loan duration was Other, with 411 originations.
Loan Sizing
2021 saw University Of Virginia Community Credit Union place emphasis on $100,000 or less loans with 232 originations, totaling $12,390,000 in origination value.
Applicant Income
University Of Virginia Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 111 originations. The second most popular income band? $50k-75k, with 78 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 411 | $54,435,000 | $132,445 | $0 | 0.00% |
University Of Virginia Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 411 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.06%
University Of Virginia Community Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination68.37%
University Of Virginia Community Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 411 | $54,435,000 | $132,445 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNIVERSAL LENDING CORP. | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |