Uncle Credit Union Mortgage Rates, Fees & Info
Livermore,LEI: 8945004XZN3PZQZJW178
Tax ID: 94-1404327
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Mortgage Data
Review & Overview
Uncle Credit Union is a smaller credit union specializing in Home Improvement, Refi, and Cash Out Refi loans. Uncle Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Stockton, San Jose, Modesto, and Los Angeles among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)Uncle 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. Uncle Credit Union is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.19% | 12/16/24 |
| 30 Year Conventional Refi | 6.00% | 12/16/24 |
| 30 Year Cash-out Refi | 6.45% | 12/16/24 |
| 15 Year Conventional Purchase | 5.99% | 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. | ||
Uncle Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
505Origination Dollar Volume (All Markets)
$117,665,000Top 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) | 280 | $69,590,000 | $248,536 | $5,690 | 2.36% |
| STOCKTON, CA (FHA|USDA|VA) | 143 | $26,515,000 | $185,420 | $4,716 | 2.51% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 19 | $8,235,000 | $433,421 | $6,341 | 2.47% |
| MODESTO, CA (FHA|USDA|VA) | 15 | $2,495,000 | $166,333 | $4,636 | 2.71% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 14 | $2,410,000 | $172,143 | $7,222 | 2.81% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 9 | $2,275,000 | $252,778 | $4,452 | 2.68% |
| SALINAS, CA (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $6,675 | 2.39% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $4,465 | 3.00% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $7,207 | 3.38% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $3,565 | 2.12% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,520 | 2.87% |
| Outside of Metro Areas | 3 | $475,000 | $158,333 | $3,480 | 2.12% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,996 | 3.25% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 1.99% |
| REDDING, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,724 | 3.50% |
| MERCED, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,153 | 3.13% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,785 | 2.88% |
| CHICO, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 2.99% |
| Sonora, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,700 | 2.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 1.99% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 2.99% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 371 | $58,575,000 | $157,884 | n/a | 2.22% |
| Conventional | 134 | $59,090,000 | $440,970 | $5,230 | 3.07% |
For 2021, Uncle Credit Union's most frequently originated type of loan was HELOC, with 371 originations. Their 2nd most popular type was Conventional, with 134 originations.
Loan Reason
For 2021, Uncle Credit Union's most frequently cited loan purpose was Home Improvement, with 206 originations. The 2nd most popular reason was Other, with 111 originations.
Loan Duration/Length
For 2021, Uncle Credit Union's most frequently cited loan duration was Other, with 371 originations. The 2nd most popular length was 30 Year, with 107 originations.
Origination Fees/Closing Costs
Uncle Credit Union's average total fees were $5,547, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 65 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 372 | $63,180,000 | $169,839 |
| 2.5-3% | 70 | $25,210,000 | $360,143 |
| 3-4% | 61 | $27,915,000 | $457,623 |
| 4-5% | 2 | $1,360,000 | $680,000 |
During 2021, Uncle Credit Union's average interest rate for loans was 3.22%, while their most frequently originated rate bucket for loans was <2.5%, with 372 originations.
Loan Sizing
2021 saw Uncle Credit Union place emphasis on $200k-400k loans with 155 originations, totaling $42,445,000 in origination value.
Applicant Income
Uncle Credit Union lent most frequently to those with incomes in the $150k-250k range, with 172 originations. The second most popular income band? $100k-150k, with 130 originations.
Applicant Debt to Income Ratio
Uncle Credit Union lent most frequently to those with DTI ratios of 20-30%, with 94 originations. The next most common DTI ratio? 30-36%, with 88 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.19%
Uncle Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination73.66%
Uncle Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 505 | $117,665,000 | $233,000 |