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

Pleasanton, CA

LEI: 549300YPSRX7HBRJSR08

Tax ID: 94-0335800

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Mortgage Data

Review & Overview

1st United Services Credit Union is a smaller credit union specializing in Cash Out Refi 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, Modesto, Los Angeles, and Vallejo among others. We have data for 13 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 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% 4/21/24
30 Year Conventional Purchase 5.91% 4/21/24
30 Year Conventional Refi 6.10% 4/21/24
30 Year Cash-out Refi 5.97% 4/21/24
15 Year Conventional Purchase 5.55% 4/21/24
15 Year Conventional Refi 5.73% 4/21/24
15 Year Cash-out Refi 5.73% 4/21/24
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

361

Origination Dollar Volume (All Markets)

$59,285,000

Awards

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

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) 282 $47,310,000 $167,766 $2,469 4.81%
STOCKTON, CA (FHA|USDA|VA) 30 $4,690,000 $156,333 $2,164 4.90%
Outside of Metro Areas 10 $1,890,000 $189,000 $1,650 4.57%
MODESTO, CA (FHA|USDA|VA) 14 $1,830,000 $130,714 $2,266 4.62%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $885,000 $885,000 $5,287 4.88%
VALLEJO, CA (FHA|USDA|VA) 8 $730,000 $91,250 $0 5.28%
FRESNO, CA (FHA|USDA|VA) 2 $530,000 $265,000 $2,226 4.81%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 3 $405,000 $135,000 $650 4.54%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $305,000 $61,000 $0 3.97%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $285,000 $285,000 $2,886 4.50%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $185,000 $61,667 $0 4.70%
CHICO, CA (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.88%
MERCED, CA (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.75%
1st United Services Credit Union's top markets include San Francisco, Stockton, Modesto, Los Angeles, 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.

    1ST NORTHERN CALIFORNIA
    Similarity Rank: 544
    KEYPOINT
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    SAN FRANCISCO FEDERAL CREDIT UNION
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    BANK OF SAN FRANCISCO
    Similarity Rank: 1125
    1ST UNITED SERVICES CREDIT UNION
    Similarity Rank: 1183
    UNCLE Credit Union
    Similarity Rank: 1272
    SUMMIT MORTGAGE BANKERS INC.
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    VISION ONE MORTGAGE, INC.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 361 $59,285,000 $164,224 $2,392 4.80%

    For 2018, 1st United Services Credit Union's most frequently originated type of loan was Conventional, with 361 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 120 $9,880,000 $82,333 $784 4.87%
    Other 113 $9,165,000 $81,106 $1,364 5.04%
    Cash Out Refi 66 $24,650,000 $373,485 $2,478 4.65%
    Refi 55 $12,305,000 $223,727 $2,132 4.38%
    Home Purchase 7 $3,285,000 $469,286 $4,925 4.28%

    For 2018, 1st United Services Credit Union's most frequently cited loan purpose was Home Improvement, with 120 originations. The 2nd most popular reason was Other, with 113 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 120 $7,320,000 $61,000 $1,927 4.45%
    20 Year 92 $10,110,000 $109,891 $1,200 5.51%
    30 Year 81 $31,845,000 $393,148 $2,634 4.60%
    15 Year 68 $10,010,000 $147,206 $1,795 4.67%

    For 2018, 1st United Services Credit Union's most frequently cited loan duration was 10 Year, with 120 originations. The 2nd most popular length was 20 Year, with 92 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 358 $59,120,000 $165,140

    1st United Services Credit Union's average total fees were $2,634, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 358 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 170 $30,760,000 $180,941
    5-6% 105 $13,405,000 $127,667
    3-4% 67 $13,085,000 $195,299
    6-7% 18 $1,490,000 $82,778
    2.5-3% 1 $545,000 $545,000

    During 2018, 1st United Services Credit Union's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 170 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 180 $9,010,000 $50,056 $1,059 4.97%
    $200k-400k 73 $20,215,000 $276,918 $2,251 4.56%
    $100k-200k 69 $9,235,000 $133,841 $1,446 4.74%
    $400k-600k 29 $13,415,000 $462,586 $2,677 4.55%
    $600k-1MM 10 $7,410,000 $741,000 $4,115 4.60%

    2018 saw 1st United Services Credit Union place emphasis on $100,000 or less loans with 180 originations, totaling $9,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 106 $16,070,000 $151,604 $2,419 4.83%
    $150k-250k 106 $18,970,000 $178,962 $2,518 4.91%
    $75k-100k 53 $6,545,000 $123,491 $2,349 4.82%
    $50k-75k 41 $5,225,000 $127,439 $2,166 4.47%
    $250k+ 39 $9,945,000 $255,000 $2,543 4.92%
    $50k or less 12 $940,000 $78,333 $1,408 4.06%

    1st United Services Credit Union lent most frequently to those with incomes in the $100k-150k range, with 106 originations. The second most popular income band? $150k-250k, with 106 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 100 $15,850,000 $158,500 $2,463 4.67%
    30-36% 92 $14,890,000 $161,848 $2,323 4.97%
    <20% 38 $4,520,000 $118,947 $2,221 4.02%
    40% 24 $3,860,000 $160,833 $1,592 5.21%
    42% 23 $5,355,000 $232,826 $2,503 5.01%
    39% 22 $3,850,000 $175,000 $2,776 5.10%
    36% 19 $3,695,000 $194,474 $3,111 4.77%
    38% 16 $3,020,000 $188,750 $2,650 4.73%
    41% 16 $2,600,000 $162,500 $2,476 4.91%
    37% 10 $1,540,000 $154,000 $2,261 5.18%
    44% 1 $105,000 $105,000 $0 5.49%

    1st United Services Credit Union lent most frequently to those with DTI ratios of 20-30%, with 100 originations. The next most common DTI ratio? 30-36%, with 92 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 133 $25,065,000 $188,459 $2,645 4.71%
    Not provided 114 $16,690,000 $146,404 $2,348 4.84%
    Black 64 $9,090,000 $142,031 $2,374 4.83%
    Asian 41 $6,015,000 $146,707 $1,459 4.85%
    American Indian 6 $2,260,000 $376,667 $2,656 5.29%
    Other Asian 1 $105,000 $105,000 $0 3.24%
    Native Hawaiian or Islander 2 $60,000 $30,000 $0 4.99%

    Approval Rates

    Total approvals of all applications
    69.08%

    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
    42.94%

    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 361 $59,285,000 $164,224

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 361 $59,285,000 $164,224

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 51 $10,555,000 $206,961 $2,112 4.56%
    40-60% 40 $13,260,000 $331,500 $2,449 4.50%
    60-80% 42 $17,160,000 $408,571 $2,631 4.53%
    80-100% 6 $2,610,000 $435,000 $3,445 4.54%
    Under 20% 222 $15,700,000 $70,721 $1,134 4.96%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    STANDARD MORTGAGE CORPORATION Conventional home mortgage Trouble during payment process 2 66.7%
    STANDARD MORTGAGE CORPORATION VA mortgage Trouble during payment process 1 33.3%