1st United Services Credit Union Mortgage Rates, Fees & Info
Pleasanton, CALEI: 549300YPSRX7HBRJSR08
Tax ID: 94-0335800
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
415Origination Dollar Volume (All Markets)
$118,605,000Awards
1ST UNITED SERVICES CREDIT UNION - 2021
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For 2021, less than of lenders were eligible for this award.
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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 applications71.37%
1st United Services Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination43.87%
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% |
