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

Pleasanton, CA

LEI: 549300YPSRX7HBRJSR08

Tax ID: 94-0335800

5 stars - Updated: 9/25/23 - out of 5 stars, based on 26 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    1st United Services Credit Union is a smaller credit union specializing in Home Improvement and Refi loans. 1st United Services Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Stockton, Sacramento, Vallejo, and San Jose among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    1st United Services 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. 1st United Services Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.39% 9/25/23
    30 Year Conventional Purchase 5.91% 9/25/23
    30 Year Conventional Refi 6.10% 9/25/23
    30 Year Cash-out Refi 5.97% 9/25/23
    15 Year Conventional Purchase 5.55% 9/25/23
    15 Year Conventional Refi 5.73% 9/25/23
    15 Year Cash-out Refi 5.73% 9/25/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    1st United Services Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from 1st United Services Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    677

    Origination Dollar Volume (All Markets)

    $123,305,000

    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 mortgage rate was 4.45%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.31%.

    Relative Fees (Closing Costs)

    1st United Services Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,981.

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

    Top 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
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 527 $94,515,000 $179,345 $845 4.22%
    STOCKTON, CA (FHA|USDA|VA) 63 $9,095,000 $144,365 $559 4.20%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 18 $5,270,000 $292,778 $2,185 4.52%
    VALLEJO, CA (FHA|USDA|VA) 19 $3,105,000 $163,421 $1,068 4.33%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 7 $2,925,000 $417,857 $2,136 4.00%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $1,210,000 $302,500 $1,555 3.16%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $1,030,000 $257,500 $1,901 4.23%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 6 $1,000,000 $166,667 $780 3.90%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $945,000 $945,000 $3,021 2.99%
    MODESTO, CA (FHA|USDA|VA) 5 $655,000 $131,000 $1,146 5.54%
    FRESNO, CA (FHA|USDA|VA) 2 $620,000 $310,000 $3,046 4.58%
    Outside of Metro Areas 2 $530,000 $265,000 $3,245 3.80%
    Clearlake, CA (FHA|USDA|VA) 1 $405,000 $405,000 $5,571 3.70%
    REDDING, CA (FHA|USDA|VA) 1 $305,000 $305,000 $4,040 4.58%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 4 $300,000 $75,000 $33 4.67%
    MERCED, CA (FHA|USDA|VA) 2 $280,000 $140,000 $0 5.95%
    Sonora, CA (FHA|USDA|VA) 1 $265,000 $265,000 $2,241 3.30%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $255,000 $255,000 $100 6.50%
    NAPA, CA (FHA|USDA|VA) 2 $210,000 $105,000 $0 4.10%
    SALINAS, CA (FHA|USDA|VA) 3 $195,000 $65,000 $50 4.89%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $80,000 $40,000 $50 3.89%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.75%
    YUBA CITY, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.99%
    1st United Services Credit Union's top markets include San Francisco, Stockton, Sacramento, Vallejo, and San Jose among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against 1ST UNITED SERVICES CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 930
    S&S Financial
    Similarity Rank: 1034
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1067
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 1158
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 1243
    T. J. FINANCIAL, INC.
    Similarity Rank: 1910
    SAN FRANCISCO FEDERAL CREDIT UNION
    Similarity Rank: 2191
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2340
    Sterling Bank and Trust, FSB
    Similarity Rank: 2605
    EXCITE Credit Union
    Similarity Rank: 3087

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 478 $96,140,000 $201,130 $916 4.01%
    HELOC 199 $27,165,000 $136,508 n/a 4.77%

    For 2022, 1st United Services Credit Union's most frequently originated type of loan was Conventional, with 478 originations. Their 2nd most popular type was HELOC, with 199 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 324 $37,190,000 $114,784 $122 4.34%
    Other 195 $22,545,000 $115,615 $79 4.40%
    Refi 114 $42,640,000 $374,035 $2,025 3.68%
    Home Purchase 34 $16,200,000 $476,471 $4,866 4.28%
    Cash Out Refi 10 $4,730,000 $473,000 $2,469 3.57%

    For 2022, 1st United Services Credit Union's most frequently cited loan purpose was Home Improvement, with 324 originations. The 2nd most popular reason was Other, with 195 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 313 $79,295,000 $253,339 $2,981 4.45%
    10 Year 143 $10,865,000 $75,979 $79 3.79%
    20 Year 118 $17,100,000 $144,915 $163 4.39%
    15 Year 103 $16,045,000 $155,777 $675 4.00%

    For 2022, 1st United Services Credit Union's most frequently cited loan duration was 30 Year, with 313 originations. The 2nd most popular length was 10 Year, with 143 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 473 $93,775,000 $198,256
    $1k-2k 3 $2,055,000 $685,000

    1st United Services Credit Union's average total fees were $2,981, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 473 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 265 $51,185,000 $193,151
    2.5-3% 122 $25,230,000 $206,803
    4-5% 122 $21,910,000 $179,590
    5-6% 113 $17,655,000 $156,239
    6-7% 46 $6,150,000 $133,696
    7-8% 8 $1,070,000 $133,750
    Over 8% 1 $105,000 $105,000

    During 2022, 1st United Services Credit Union's average interest rate for loans was 4.45%, while their most frequently originated rate bucket for loans was 3-4%, with 265 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 276 $16,190,000 $58,659 $55 4.26%
    $100k-200k 188 $24,860,000 $132,234 $367 4.38%
    $200k-400k 145 $39,225,000 $270,517 $1,638 4.15%
    $400k-600k 39 $19,245,000 $493,462 $3,239 3.96%
    $600k-1MM 26 $19,880,000 $764,615 $3,607 3.72%
    $1MM+ 3 $3,905,000 $1,301,667 $4,887 4.00%

    2022 saw 1st United Services Credit Union place emphasis on $100,000 or less loans with 276 originations, totaling $16,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 232 $45,980,000 $198,190 $869 4.16%
    $100k-150k 196 $26,930,000 $137,398 $761 4.31%
    $250k+ 126 $34,840,000 $276,508 $1,476 4.34%
    $75k-100k 85 $10,045,000 $118,176 $687 4.09%
    $50k-75k 32 $4,350,000 $135,938 $958 4.27%
    $50k or less 5 $335,000 $67,000 $334 4.36%

    1st United Services Credit Union lent most frequently to those with incomes in the $150k-250k range, with 232 originations. The second most popular income band? $100k-150k, with 196 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 140 $25,140,000 $179,571 $837 4.14%
    20-30% 133 $24,375,000 $183,271 $878 4.22%
    <20% 43 $7,055,000 $164,070 $1,478 3.70%
    42% 41 $5,755,000 $140,366 $271 4.28%
    36% 38 $7,500,000 $197,368 $816 4.08%
    39% 33 $7,425,000 $225,000 $830 4.29%
    41% 32 $5,750,000 $179,688 $880 3.93%
    38% 31 $5,655,000 $182,419 $757 4.29%
    43% 29 $8,135,000 $280,517 $1,712 4.28%
    40% 28 $7,190,000 $256,786 $1,635 4.21%
    44% 26 $3,160,000 $121,538 $715 4.48%
    37% 18 $2,850,000 $158,333 $655 3.96%
    49% 18 $2,590,000 $143,889 $428 4.85%
    45% 17 $1,915,000 $112,647 $75 4.72%
    47% 16 $2,670,000 $166,875 $1,509 4.77%
    48% 15 $1,165,000 $77,667 $40 4.96%
    46% 11 $3,035,000 $275,909 $958 4.37%
    50-60% 8 $1,940,000 $242,500 $1,388 4.74%

    1st United Services Credit Union lent most frequently to those with DTI ratios of 30-36%, with 140 originations. The next most common DTI ratio? 20-30%, with 133 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 338 $62,080,000 $183,669 $939 4.21%
    White 191 $34,025,000 $178,141 $814 4.13%
    Asian 52 $10,590,000 $203,654 $1,264 4.19%
    Black 54 $9,350,000 $173,148 $861 4.39%
    Asian Indian 9 $1,795,000 $199,444 $880 4.88%
    Filipino 13 $1,765,000 $135,769 $560 4.38%
    American Indian 11 $1,455,000 $132,273 $377 4.78%
    Chinese 4 $1,450,000 $362,500 $3,021 4.17%
    Other Asian 2 $640,000 $320,000 $2,205 4.12%
    Native Hawaiian or Islander 1 $65,000 $65,000 $0 7.39%
    Other Pacific Islander 1 $65,000 $65,000 $0 6.64%
    Japanese 1 $25,000 $25,000 $100 5.99%

    Approval Rates

    Total approvals of all applications
    77.69%

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

    Pick Rate

    Approvals leading to origination
    68.09%

    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
    0.0 1 $55,000 $55,000
    NA 676 $123,250,000 $182,322

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    677 $123,305,000 $182,134

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 90 $24,290,000 $269,889 $1,427 4.26%
    40-60% 47 $20,215,000 $430,106 $2,493 3.88%
    60-80% 49 $27,305,000 $557,245 $3,730 3.90%
    80-100% 3 $1,955,000 $651,667 $2,651 3.65%
    Under 20% 488 $49,540,000 $101,516 $149 4.30%