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

Pleasanton, CA

LEI: 549300YPSRX7HBRJSR08

Tax ID: 94-0335800

5 stars - Updated: 10/29/24 - out of 5 stars, based on 22 reviews

Latest/2023 | 2022 Data | 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 Other loans. 1st United Services Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Stockton, Sacramento, San Jose, and Vallejo among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    1st United Services Credit Union has a below 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 relatively high 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% 10/29/24
    30 Year Conventional Purchase 5.91% 10/29/24
    30 Year Conventional Refi 6.10% 10/29/24
    30 Year Cash-out Refi 5.97% 10/29/24
    15 Year Conventional Purchase 5.55% 10/29/24
    15 Year Conventional Refi 5.73% 10/29/24
    15 Year Cash-out Refi 5.73% 10/29/24
    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

    483

    Origination Dollar Volume (All Markets)

    $71,595,000

    Awards

    1ST UNITED SERVICES CREDIT UNION 30 Year Conventional Loans gold 1ST UNITED SERVICES CREDIT UNION 30 Year Conventional Loans silver
    Show all (2) awards

    Relative Rate

    1st United Services Credit Union's average 30 year fixed mortgage rate was 6.4%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.08%.

    Relative Fees (Closing Costs)

    1st United Services Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,309.

    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 $9,089.

    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) 393 $59,425,000 $151,209 $580 6.54%
    STOCKTON, CA (FHA|USDA|VA) 37 $4,555,000 $123,108 $631 6.74%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 15 $1,695,000 $113,000 $1,218 6.19%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $1,390,000 $231,667 $113 6.46%
    VALLEJO, CA (FHA|USDA|VA) 8 $900,000 $112,500 $1,675 6.40%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $715,000 $238,333 $1,087 6.71%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $505,000 $505,000 $2,605 5.99%
    MODESTO, CA (FHA|USDA|VA) 6 $480,000 $80,000 $113 6.39%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $410,000 $205,000 $0 6.25%
    NAPA, CA (FHA|USDA|VA) 1 $325,000 $325,000 $5,626 6.82%
    Outside of Metro Areas 3 $265,000 $88,333 $0 6.50%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.50%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.50%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.25%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $125,000 $125,000 $100 6.69%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $105,000 $105,000 $100 8.54%
    CHICO, CA (FHA|USDA|VA) 2 $100,000 $50,000 $0 6.25%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $65,000 $65,000 $100 7.99%
    1st United Services Credit Union's top markets include San Francisco, Stockton, Sacramento, San Jose, and Vallejo 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.

    Provident Credit Union
    Similarity Rank: 675
    First Republic Bank
    Similarity Rank: 721
    MERIWEST MORTGAGE COMPANY, LLC
    Similarity Rank: 774
    1ST UNITED SERVICES CREDIT UNION
    Similarity Rank: 810
    San Mateo Credit Union
    Similarity Rank: 848
    SCHOOLSFIRST
    Similarity Rank: 990
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1188
    PACIFIC SERVICE
    Similarity Rank: 1488
    NATIONAL COOPERATIVE BANK, N.A.
    Similarity Rank: 1560
    REDWOOD
    Similarity Rank: 1566

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 289 $42,415,000 $146,765 n/a 6.41%
    Conventional 194 $29,180,000 $150,412 $658 6.74%

    For 2023, 1st United Services Credit Union's most frequently originated type of loan was HELOC, with 289 originations. Their 2nd most popular type was Conventional, with 194 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 245 $31,445,000 $128,347 $113 6.52%
    Other 187 $22,235,000 $118,904 $194 6.65%
    Refi 39 $12,255,000 $314,231 $2,120 6.33%
    Home Purchase 12 $5,660,000 $471,667 $5,605 6.27%

    For 2023, 1st United Services Credit Union's most frequently cited loan purpose was Home Improvement, with 245 originations. The 2nd most popular reason was Other, with 187 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 310 $54,190,000 $174,806 $4,309 6.40%
    15 Year 68 $6,030,000 $88,676 $233 6.76%
    10 Year 59 $3,095,000 $52,458 $100 6.56%
    20 Year 46 $8,280,000 $180,000 $327 7.18%

    For 2023, 1st United Services Credit Union's most frequently cited loan duration was 30 Year, with 310 originations. The 2nd most popular length was 15 Year, with 68 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 193 $29,115,000 $150,855

    1st United Services Credit Union's average total fees were $4,309, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 193 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 277 $42,095,000 $151,968
    5-6% 116 $18,010,000 $155,259
    7-8% 72 $8,400,000 $116,667
    Over 8% 15 $1,675,000 $111,667
    4-5% 3 $1,415,000 $471,667

    During 2023, 1st United Services Credit Union's average interest rate for loans was 6.40%, while their most frequently originated rate bucket for loans was 6-7%, with 277 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 215 $12,455,000 $57,930 $109 6.58%
    $100k-200k 147 $19,745,000 $134,320 $160 6.60%
    $200k-400k 92 $22,690,000 $246,630 $1,412 6.45%
    $400k-600k 22 $10,640,000 $483,636 $4,208 6.42%
    $600k-1MM 4 $2,590,000 $647,500 $3,961 5.98%
    $1MM+ 3 $3,475,000 $1,158,333 $5,396 6.32%

    2023 saw 1st United Services Credit Union place emphasis on $100,000 or less loans with 215 originations, totaling $12,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 180 $28,000,000 $155,556 $885 6.56%
    $100k-150k 135 $13,575,000 $100,556 $339 6.58%
    $250k+ 94 $21,980,000 $233,830 $1,177 6.41%
    $75k-100k 47 $4,245,000 $90,319 $363 6.62%
    $50k-75k 15 $745,000 $49,667 $103 6.90%
    $50k or less 4 $140,000 $35,000 $100 6.38%

    1st United Services Credit Union lent most frequently to those with incomes in the $150k-250k range, with 180 originations. The second most popular income band? $100k-150k, with 135 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 108 $16,650,000 $154,167 $765 6.45%
    20-30% 69 $9,295,000 $134,710 $648 6.37%
    49% 31 $4,285,000 $138,226 $103 6.51%
    41% 27 $3,415,000 $126,481 $103 6.75%
    39% 25 $4,865,000 $194,600 $1,084 6.71%
    42% 24 $3,320,000 $138,333 $257 6.71%
    38% 23 $2,925,000 $127,174 $593 6.60%
    40% 23 $2,935,000 $127,609 $100 6.71%
    43% 22 $2,560,000 $116,364 $121 6.79%
    48% 21 $2,975,000 $141,667 $92 6.73%
    47% 18 $2,040,000 $113,333 $419 6.64%
    44% 18 $2,180,000 $121,111 $916 6.31%
    <20% 17 $2,205,000 $129,706 $2,071 6.30%
    37% 17 $3,675,000 $216,176 $3,433 6.52%
    46% 15 $2,995,000 $199,667 $694 6.98%
    36% 13 $2,795,000 $215,000 $1,183 6.20%
    45% 8 $1,550,000 $193,750 $788 6.40%
    50-60% 2 $290,000 $145,000 $100 7.09%
    >60% 1 $35,000 $35,000 $100 7.89%

    1st United Services Credit Union lent most frequently to those with DTI ratios of 30-36%, with 108 originations. The next most common DTI ratio? 20-30%, with 69 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 237 $29,125,000 $122,890 $425 6.59%
    White 120 $20,570,000 $171,417 $957 6.42%
    Asian 54 $12,320,000 $228,148 $1,359 6.50%
    Black 47 $5,065,000 $107,766 $220 6.67%
    Filipino 10 $1,410,000 $141,000 $113 6.79%
    Asian Indian 6 $1,190,000 $198,333 $2,823 6.86%
    American Indian 4 $770,000 $192,500 $100 6.30%
    Not applicable 1 $605,000 $605,000 $2,850 5.49%
    Native Hawaiian or Islander 1 $255,000 $255,000 $0 6.50%
    Other Asian 2 $230,000 $115,000 $100 6.22%
    Chinese 1 $55,000 $55,000 $0 6.50%

    Approval Rates

    Total approvals of all applications
    59.53%

    1st United Services Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    78.67%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 483 $71,595,000 $148,230

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    483 $71,595,000 $148,230

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 80 $18,710,000 $233,875 $853 6.57%
    40-60% 17 $6,715,000 $395,000 $4,206 6.52%
    60-80% 7 $3,925,000 $560,714 $4,993 6.08%
    80-100% 2 $1,860,000 $930,000 $7,035 6.42%
    Under 20% 377 $40,385,000 $107,122 $157 6.55%