1st United Services Credit Union Mortgage Rates, Fees & Info

Pleasanton, CA

LEI: 549300YPSRX7HBRJSR08

Tax ID: 94-0335800

5 stars - out of 5 stars, based on 20 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

1st United Services Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. 1st United Services Credit Union has a high proportion of conventional loans. Their top markets include San Francisco, Stockton, San Jose, Los Angeles, and Sacramento among others. 1st United Services Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. 1st United Services Credit Union is typically a low fee lendor.


Originations

415

Origination Dollar Volume (All Markets)

$118,605,000

Awards

1ST UNITED SERVICES CREDIT UNION 30 Year Conventional Loans gold 1ST UNITED SERVICES CREDIT UNION 30 Year Conventional Loans gold 1ST UNITED SERVICES CREDIT UNION 30 Year Conventional Loans silver
Show all (3) awards

Relative Rate

1st United Services Credit Union's average 30 year fixed rate mortgage of loans were 3.14%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.01%.

Relative Fees

1st United Services Credit Union's average total fees for a 30 year fixed rate mortgage are $2,557.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 325 $96,325,000 $296,385 $1,617 3.09%
STOCKTON, CA (FHA|USDA|VA) 37 $8,575,000 $231,757 $1,266 3.34%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 8 $2,950,000 $368,750 $2,634 3.11%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $1,970,000 $985,000 $5,562 3.24%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 10 $1,740,000 $174,000 $1,168 2.94%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $915,000 $915,000 $5,261 3.15%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $880,000 $440,000 $2,572 2.93%
VALLEJO, CA (FHA|USDA|VA) 5 $835,000 $167,000 $1,388 3.22%
MODESTO, CA (FHA|USDA|VA) 7 $825,000 $117,857 $925 3.29%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 5 $815,000 $163,000 $1,281 3.33%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $625,000 $625,000 $2,371 2.86%
SALINAS, CA (FHA|USDA|VA) 2 $470,000 $235,000 $1,118 3.90%
NAPA, CA (FHA|USDA|VA) 1 $305,000 $305,000 $2,491 2.86%
Outside of Metro Areas 1 $275,000 $275,000 $2,686 2.86%
FRESNO, CA (FHA|USDA|VA) 2 $270,000 $135,000 $1,054 2.88%
REDDING, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,356 2.86%
Red Bluff, CA (FHA|USDA|VA) 1 $215,000 $215,000 $2,116 3.60%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.60%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.99%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $75,000 $75,000 $2,362 2.86%
MERCED, CA (FHA|USDA|VA) 1 $15,000 $15,000 $0 2.79%

1st United Services Credit Union's top markets include San Francisco, Stockton, San Jose, Los Angeles, and Sacramento among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 415 $118,605,000 $285,795 $1,605 3.12%

For the 2021 period, 1st United Services Credit Union's most frequently originated loan type of loans were Conventional, with 415 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 158 $59,750,000 $378,165 $2,179 2.87%
Cash Out Refi 115 $41,775,000 $363,261 $2,367 3.11%
Home Improvement 75 $7,035,000 $93,800 $0 3.40%
Other 53 $4,985,000 $94,057 $100 3.46%
Home Purchase 14 $5,060,000 $361,429 $3,251 3.09%

For the 2021, 1st United Services Credit Union's most frequently cited loan purpose of loans were Refi, with 158 originations. The 2nd most popular reason of loans were Cash Out Refi, with 115 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 196 $85,210,000 $434,745 $2,557 3.14%
15 Year 106 $22,880,000 $215,849 $1,523 2.73%
10 Year 67 $4,825,000 $72,015 $40 3.18%
20 Year 46 $5,690,000 $123,696 $57 3.82%

For the 2021, 1st United Services Credit Union's most frequently cited loan length of loans were 30 Year, with 196 originations. The 2nd most popular length of loans were 15 Year, with 106 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 391 $109,265,000 $279,450
$1k-2k 22 $7,950,000 $361,364

$2,557 of loans were 1st United Services Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 391 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 180 $51,940,000 $288,556
3-4% 157 $48,695,000 $310,159
<2.5% 57 $16,135,000 $283,070
4-5% 17 $1,585,000 $93,235
5-6% 4 $250,000 $62,500

During 2021, 1st United Services Credit Union's average interest rate of loans were 3.14%, while their most frequently originated rate bucket of loans were 2.5-3%, with 180 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 126 $35,500,000 $281,746 $2,169 2.98%
$100k-200k 90 $12,910,000 $143,444 $954 3.16%
$100,000 or less 87 $4,715,000 $54,195 $76 3.35%
$400k-600k 73 $35,625,000 $488,014 $2,475 3.01%
$600k-1MM 34 $24,160,000 $710,588 $3,077 3.16%
$1MM+ 5 $5,695,000 $1,139,000 $3,445 3.09%

2021 saw 1st United Services Credit Union place emphasis on $200k-400k loans with 126 originations, totaling $35,500,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 134 $40,050,000 $298,881 $1,656 3.17%
$100k-150k 114 $31,310,000 $274,649 $1,571 3.10%
$250k+ 67 $25,205,000 $376,194 $1,676 3.13%
$75k-100k 48 $10,950,000 $228,125 $1,490 3.12%
$50k-75k 39 $6,975,000 $178,846 $1,502 3.01%
$50k or less 9 $1,245,000 $138,333 $1,293 3.01%

1st United Services Credit Union lent most frequently to those with incomes in the $150k-250k range, with 134 originations. The second most popular income band? $100k-150k, with 114 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 132 $35,360,000 $267,879 $1,615 3.03%
30-36% 91 $29,015,000 $318,846 $1,598 3.16%
<20% 49 $11,085,000 $226,224 $1,442 2.89%
36% 25 $8,165,000 $326,600 $1,653 3.36%
40% 23 $6,375,000 $277,174 $1,467 3.27%
42% 21 $6,695,000 $318,810 $1,645 3.22%
39% 18 $5,980,000 $332,222 $1,523 3.18%
38% 16 $5,010,000 $313,125 $2,164 3.20%
41% 13 $2,865,000 $220,385 $1,297 3.39%
37% 12 $4,170,000 $347,500 $1,975 3.31%
50-60% 6 $2,130,000 $355,000 $2,040 3.14%
43% 5 $1,075,000 $215,000 $1,414 3.10%
>60% 1 $215,000 $215,000 $1,064 2.89%
46% 1 $165,000 $165,000 $2,116 3.25%
45% 1 $55,000 $55,000 $0 2.79%
48% 1 $245,000 $245,000 $2,111 2.74%

1st United Services Credit Union lent most frequently to those with DTI ratios of 20-30%, with 132 originations. The next most common DTI ratio? 30-36%, with 91 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not provided 186 $50,070,000 $269,194 $1,615 3.11%
White 118 $33,630,000 $285,000 $1,482 3.06%
Asian 46 $14,440,000 $313,913 $1,724 3.13%
Black 39 $12,575,000 $322,436 $1,920 3.26%
Filipino 11 $3,795,000 $345,000 $1,520 3.09%
American Indian 10 $3,070,000 $307,000 $1,535 3.14%
Chinese 1 $435,000 $435,000 $2,211 3.00%
Asian Indian 2 $370,000 $185,000 $1,121 3.15%
Native Hawaiian 2 $220,000 $110,000 $0 4.79%

Approval Rates

Total approvals of all applications
71.37%

1st United Services Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
43.87%

1st United Services 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
NA 415 $118,605,000 $285,795

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
415 $118,605,000 $285,795

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 120 $34,590,000 $288,250 $1,952 2.97%
40-60% 72 $32,630,000 $453,194 $2,349 3.05%
60-80% 60 $32,030,000 $533,833 $2,835 3.14%
80-100% 5 $3,015,000 $603,000 $4,223 2.96%
Under 20% 158 $16,340,000 $103,418 $468 3.26%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
STANDARD MORTGAGE CORPORATION Conventional home mortgage Struggling to pay mortgage 1 16.7%
STANDARD MORTGAGE CORPORATION Conventional home mortgage Trouble during payment process 1 16.7%
STANDARD MORTGAGE CORPORATION FHA mortgage Struggling to pay mortgage 2 33.3%
STANDARD MORTGAGE CORPORATION Other type of mortgage Trouble during payment process 2 33.3%