Union Square Mortgage Rates, Fees & Info
Wichita Falls, TXLEI: 549300Z2FPZZD55OG155
Tax ID: 75-0971964
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Union Square is a smaller credit union specializing in Home Purchase and Refi loans. Union Square has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Wichita Falls, Dallas, Lawton, Mineral Wells, and Waco among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Union Square has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Union Square 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.51% | 12/16/24 |
| 30 Year Conventional Refi | 6.66% | 12/16/24 |
| 30 Year Cash-out Refi | 6.47% | 12/16/24 |
| 30 Year FHA Purchase | 7.03% | 12/16/24 |
| 30 Year VA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.97% | 12/16/24 |
| 15 Year Conventional Refi | 6.37% | 12/16/24 |
| 15 Year Cash-out Refi | 6.37% | 12/16/24 |
| 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. | ||
Union Square Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Union Square. 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
596Origination Dollar Volume (All Markets)
$115,210,000Awards
UNION SQUARE - 2021
UNION SQUARE is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for UNION SQUARE?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| WICHITA FALLS, TX (FHA|USDA|VA) | 532 | $94,600,000 | $177,820 | $3,866 | 3.39% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 22 | $6,830,000 | $310,455 | $4,223 | 3.05% |
| LAWTON, OK (FHA|USDA|VA) | 4 | $3,100,000 | $775,000 | $0 | 4.50% |
| Outside of Metro Areas | 12 | $2,680,000 | $223,333 | $4,702 | 3.34% |
| Mineral Wells, TX (FHA|USDA|VA) | 3 | $2,155,000 | $718,333 | $9,209 | 3.13% |
| WACO, TX (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $3,615 | 2.96% |
| Vernon, TX (FHA|USDA|VA) | 5 | $655,000 | $131,000 | $3,961 | 2.60% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $7,605 | 2.63% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 4.75% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,037 | 2.75% |
| TULSA, OK (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,679 | 2.50% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,387 | 3.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,803 | 2.88% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $17,213 | 2.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,159 | 2.38% |
| GREAT FALLS, MT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,051 | 2.25% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,673 | 2.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,996 | 3.13% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.50% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,051 | 3.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against UNION SQUARE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 76
Similarity Rank: 540
Similarity Rank: 735
Similarity Rank: 924
Similarity Rank: 1200
Similarity Rank: 1313
Similarity Rank: 1408
Similarity Rank: 1950
Similarity Rank: 2057
Similarity Rank: 2172
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 512 | $97,620,000 | $190,664 | $3,428 | 3.49% |
| VA | 43 | $11,045,000 | $256,860 | $6,928 | 2.59% |
| FHA | 41 | $6,545,000 | $159,634 | $5,962 | 2.65% |
For 2021, Union Square's most frequently originated type of loan was Conventional, with 512 originations. Their 2nd most popular type was VA, with 43 originations.
Loan Reason
For 2021, Union Square's most frequently cited loan purpose was Home Purchase, with 364 originations. The 2nd most popular reason was Refi, with 139 originations.
Loan Duration/Length
For 2021, Union Square's most frequently cited loan duration was 30 Year, with 330 originations. The 2nd most popular length was 15 Year, with 112 originations.
Origination Fees/Closing Costs
Union Square's average total fees were $4,337, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 426 originations.
Interest Rates
During 2021, Union Square's average interest rate for loans was 2.92%, while their most frequently originated rate bucket for loans was 2.5-3%, with 176 originations.
Loan Sizing
2021 saw Union Square place emphasis on $100k-200k loans with 221 originations, totaling $31,855,000 in origination value.
Applicant Income
Union Square lent most frequently to those with incomes in the $50k-75k range, with 134 originations. The second most popular income band? $100k-150k, with 110 originations.
Applicant Debt to Income Ratio
Union Square lent most frequently to those with DTI ratios of 30-36%, with 99 originations. The next most common DTI ratio? 20-30%, with 94 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.88%
Union Square has an average approval rate.
Pick Rate
Approvals leading to origination84.23%
Union Square has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 596 | $115,210,000 | $193,305 |