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

Pleasanton, CA

LEI: 549300YPSRX7HBRJSR08

Tax ID: 94-0335800

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 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, Sacramento, Stockton, Vallejo, and Los Angeles 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% 11/21/24
    30 Year Conventional Purchase 5.91% 11/21/24
    30 Year Conventional Refi 6.10% 11/21/24
    30 Year Cash-out Refi 5.97% 11/21/24
    15 Year Conventional Purchase 5.55% 11/21/24
    15 Year Conventional Refi 5.73% 11/21/24
    15 Year Cash-out Refi 5.73% 11/21/24
    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

    342

    Origination Dollar Volume (All Markets)

    $91,690,000

    Awards

    1ST UNITED SERVICES CREDIT UNION 30 Year Conventional Loans gold 1ST UNITED SERVICES CREDIT UNION 30 Year Conventional Loans bronze 1ST UNITED SERVICES CREDIT UNION 30 Year Conventional Loans silver
    Show all (3) 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) 281 $79,215,000 $281,904 $2,631 4.41%
    Outside of Metro Areas 14 $3,950,000 $282,143 $2,691 4.17%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 10 $2,720,000 $272,000 $2,587 4.11%
    STOCKTON, CA (FHA|USDA|VA) 19 $1,925,000 $101,316 $2,426 4.85%
    VALLEJO, CA (FHA|USDA|VA) 6 $1,420,000 $236,667 $2,373 4.70%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $875,000 $875,000 $2,686 4.00%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $560,000 $280,000 $2,657 4.00%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $310,000 $155,000 $0 4.88%
    MODESTO, CA (FHA|USDA|VA) 2 $240,000 $120,000 $0 4.68%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $220,000 $110,000 $0 5.50%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $195,000 $195,000 $1,785 4.00%
    FRESNO, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.17%
    CHICO, CA (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.25%
    1st United Services Credit Union's top markets include San Francisco, Sacramento, Stockton, Vallejo, and Los Angeles 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.

    SAFEAMERICA CREDIT UNION
    Similarity Rank: 368
    SANTA CLARA COUNTY
    Similarity Rank: 630
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 782
    BANK OF SAN FRANCISCO
    Similarity Rank: 1228
    1ST UNITED SERVICES CREDIT UNION
    Similarity Rank: 1365
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1374
    San Mateo Credit Union
    Similarity Rank: 1650
    SAN FRANCISCO FIRE CREDIT UNION
    Similarity Rank: 1820
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 1885
    UNCLE Credit Union
    Similarity Rank: 2016

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 342 $91,690,000 $268,099 $2,618 4.43%

    For 2019, 1st United Services Credit Union's most frequently originated type of loan was Conventional, with 342 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 97 $8,475,000 $87,371 $0 4.78%
    Other 85 $7,555,000 $88,882 $2,281 4.89%
    Cash Out Refi 84 $41,510,000 $494,167 $2,443 4.20%
    Refi 64 $29,760,000 $465,000 $2,471 3.68%
    Home Purchase 12 $4,390,000 $365,833 $4,999 4.04%

    For 2019, 1st United Services Credit Union's most frequently cited loan purpose was Home Improvement, with 97 originations. The 2nd most popular reason was Other, with 85 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 131 $68,945,000 $526,298 $2,650 3.98%
    10 Year 93 $6,315,000 $67,903 $0 4.43%
    15 Year 61 $9,785,000 $160,410 $2,251 4.68%
    20 Year 56 $6,630,000 $118,393 $0 5.21%
    Other 1 $15,000 $15,000 $0 4.74%

    For 2019, 1st United Services Credit Union's most frequently cited loan duration was 30 Year, with 131 originations. The 2nd most popular length was 10 Year, with 93 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 321 $88,505,000 $275,717
    $1k-2k 1 $315,000 $315,000

    1st United Services Credit Union's average total fees were $2,650, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 321 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 173 $28,375,000 $164,017
    3-4% 104 $51,360,000 $493,846
    5-6% 55 $7,385,000 $134,273
    2.5-3% 5 $4,155,000 $831,000
    6-7% 5 $415,000 $83,000

    During 2019, 1st United Services Credit Union's average interest rate for loans was 3.98%, while their most frequently originated rate bucket for loans was 4-5%, with 173 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 127 $6,205,000 $48,858 $1,706 4.81%
    $100k-200k 61 $8,285,000 $135,820 $1,776 4.69%
    $200k-400k 60 $16,890,000 $281,500 $2,573 4.38%
    $600k-1MM 50 $38,040,000 $760,800 $2,802 3.57%
    $400k-600k 44 $22,270,000 $506,136 $2,589 4.00%

    2019 saw 1st United Services Credit Union place emphasis on $100,000 or less loans with 127 originations, totaling $6,205,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 125 $34,555,000 $276,440 $2,771 4.46%
    $100k-150k 91 $17,595,000 $193,352 $2,351 4.55%
    $250k+ 56 $25,930,000 $463,036 $2,701 4.13%
    $75k-100k 35 $4,935,000 $141,000 $2,231 4.65%
    $50k-75k 19 $2,635,000 $138,684 $2,076 4.39%
    $50k or less 5 $655,000 $131,000 $3,477 4.43%

    1st United Services Credit Union lent most frequently to those with incomes in the $150k-250k range, with 125 originations. The second most popular income band? $100k-150k, with 91 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 110 $31,360,000 $285,091 $2,551 4.29%
    30-36% 96 $22,730,000 $236,771 $2,813 4.57%
    <20% 38 $12,120,000 $318,947 $2,485 4.03%
    36% 21 $6,085,000 $289,762 $2,787 4.53%
    37% 15 $3,815,000 $254,333 $2,641 4.76%
    39% 13 $3,075,000 $236,538 $2,468 4.73%
    42% 12 $3,330,000 $277,500 $2,360 4.49%
    38% 12 $1,890,000 $157,500 $2,156 4.73%
    41% 10 $2,480,000 $248,000 $2,397 4.56%
    40% 10 $3,400,000 $340,000 $3,014 4.37%
    50-60% 2 $480,000 $240,000 $2,331 4.31%
    46% 2 $690,000 $345,000 $2,494 5.15%
    47% 1 $235,000 $235,000 $0 3.18%

    1st United Services Credit Union lent most frequently to those with DTI ratios of 20-30%, with 110 originations. The next most common DTI ratio? 30-36%, with 96 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 133 $35,715,000 $268,534 $2,607 4.45%
    Not provided 103 $23,695,000 $230,049 $2,670 4.49%
    Asian 37 $15,045,000 $406,622 $2,649 4.16%
    Black 57 $12,275,000 $215,351 $2,591 4.52%
    Asian Indian 3 $1,845,000 $615,000 $2,436 3.79%
    Native Hawaiian or Islander 6 $1,560,000 $260,000 $2,328 4.49%
    Chinese 1 $735,000 $735,000 $2,491 4.25%
    Filipino 1 $665,000 $665,000 $2,516 3.29%
    American Indian 1 $155,000 $155,000 $0 3.68%

    Approval Rates

    Total approvals of all applications
    62.72%

    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
    57.60%

    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 342 $91,690,000 $268,099

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 342 $91,690,000 $268,099

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $10,885,000 $253,140 $2,350 4.30%
    40-60% 43 $18,045,000 $419,651 $2,637 4.11%
    60-80% 81 $48,845,000 $603,025 $2,725 3.89%
    80-100% 2 $930,000 $465,000 $2,531 3.88%
    Under 20% 173 $12,985,000 $75,058 $1,719 4.80%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    STANDARD MORTGAGE CORPORATION Conventional home mortgage Struggling to pay mortgage 1 33.3%
    STANDARD MORTGAGE CORPORATION Conventional home mortgage Trouble during payment process 1 33.3%
    STANDARD MORTGAGE CORPORATION FHA mortgage Trouble during payment process 1 33.3%