Mufg Union Bank Mortgage Rates, Fees & Info

San Francisco, CA

LEI: OX3PU53ZLPQKJ4700D47

Tax ID: 94-0304228

5 stars - out of 5 stars, based on 116 reviews

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

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Mortgage Data

Review & Overview

Mufg Union Bank is a large bank specializing in Home Purchase and Refi loans. Mufg Union Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, San Francisco, San Diego, San Jose, and Seattle among others. We have data for 84 markets. (Some data included below & more in-depth data is available with an active subscription.)

Mufg Union Bank 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. Mufg Union Bank 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.

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
Home Equity Line of Credit (HELOC) 6.64% 5/28/23
30 Year Conventional Purchase 5.80% 5/28/23
30 Year Conventional Refi 5.88% 5/28/23
30 Year Cash-out Refi 6.11% 5/28/23
30 Year FHA Purchase 6.57% 5/28/23
30 Year FHA Refi 5.78% 5/28/23
30 Year VA Purchase 5.52% 5/28/23
30 Year VA Refi 5.75% 5/28/23
15 Year Conventional Purchase 5.54% 5/28/23
15 Year Conventional Refi 5.85% 5/28/23
15 Year Cash-out Refi 5.85% 5/28/23
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.

Mufg Union Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Mufg Union Bank. 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

13,411

Origination Dollar Volume (All Markets)

$10,384,695,000
Show all (48) awards

Relative Rate

Mufg Union Bank's average 30 year fixed mortgage rate was 4.09%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.67%.

Relative Fees (Closing Costs)

Mufg Union Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,756.

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 $4,750.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4,186 $3,847,090,000 $919,037 $7,792 3.93%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2,084 $2,036,910,000 $977,404 $6,546 4.01%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1,771 $1,146,755,000 $647,518 $7,081 4.14%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 895 $864,025,000 $965,391 $5,208 3.80%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 778 $681,950,000 $876,542 $6,109 4.03%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 831 $288,865,000 $347,611 $6,780 4.40%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 455 $252,925,000 $555,879 $6,583 4.06%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 283 $186,315,000 $658,357 $5,915 4.08%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 283 $177,545,000 $627,367 $5,129 4.23%
SALINAS, CA (FHA|USDA|VA) 182 $118,630,000 $651,813 $6,049 4.18%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 119 $93,795,000 $788,193 $6,192 3.97%
STOCKTON, CA (FHA|USDA|VA) 188 $90,340,000 $480,532 $5,382 4.03%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 84 $75,090,000 $893,929 $5,769 4.40%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 136 $72,820,000 $535,441 $5,768 3.99%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $47,330,000 $23,665,000 $10,075 2.77%
FRESNO, CA (FHA|USDA|VA) 199 $43,625,000 $219,221 $5,824 4.45%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 32 $32,890,000 $1,027,813 $5,474 4.16%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 73 $32,495,000 $445,137 $5,804 4.01%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 67 $32,335,000 $482,612 $6,233 4.40%
NAPA, CA (FHA|USDA|VA) 31 $25,455,000 $821,129 $6,244 3.52%
Outside of Metro Areas 74 $23,210,000 $313,649 $5,490 4.26%
BAKERSFIELD, CA (FHA|USDA|VA) 119 $22,295,000 $187,353 $5,346 4.62%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 48 $22,010,000 $458,542 $6,414 4.30%
Truckee-Grass Valley, CA (FHA|USDA|VA) 23 $21,255,000 $924,130 $5,846 3.92%
BEND, OR (FHA|USDA|VA) 18 $14,560,000 $808,889 $5,467 4.27%
VISALIA, CA (FHA|USDA|VA) 70 $10,590,000 $151,286 $5,629 4.52%
VALLEJO, CA (FHA|USDA|VA) 25 $10,415,000 $416,600 $5,513 4.34%
MODESTO, CA (FHA|USDA|VA) 40 $8,500,000 $212,500 $5,777 4.18%
Oak Harbor, WA (FHA|USDA|VA) 14 $6,640,000 $474,286 $4,391 4.10%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $6,605,000 $6,605,000 $0 4.75%
RENO, NV (FHA|USDA|VA) 8 $5,920,000 $740,000 $5,501 4.33%
EL CENTRO, CA (FHA|USDA|VA) 46 $5,540,000 $120,435 $4,328 5.61%
Ellensburg, WA (FHA|USDA|VA) 9 $5,245,000 $582,778 $7,019 3.97%
MADERA, CA (FHA|USDA|VA) 28 $4,670,000 $166,786 $4,770 4.65%
WENATCHEE, WA (FHA|USDA|VA) 7 $4,255,000 $607,857 $6,418 4.09%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 10 $4,170,000 $417,000 $5,585 4.09%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 30 $4,140,000 $138,000 $5,095 4.78%
Hailey, ID (FHA|USDA|VA) 1 $3,975,000 $3,975,000 $22,117 3.50%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 11 $3,965,000 $360,455 $5,039 3.70%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 2 $3,910,000 $1,955,000 $12,989 3.13%
Eureka-Arcata, CA (FHA|USDA|VA) 6 $3,550,000 $591,667 $4,697 3.44%
SALEM, OR (FHA|USDA|VA) 12 $3,090,000 $257,500 $6,565 3.84%
REDDING, CA (FHA|USDA|VA) 20 $2,960,000 $148,000 $5,220 4.11%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 6 $2,150,000 $358,333 $6,733 4.75%
TUCSON, AZ (FHA|USDA|VA) 6 $2,110,000 $351,667 $4,774 4.15%
Gardnerville Ranchos, NV (FHA|USDA|VA) 3 $2,085,000 $695,000 $10,108 4.04%
MEDFORD, OR (FHA|USDA|VA) 7 $1,885,000 $269,286 $4,654 4.98%
YUBA CITY, CA (FHA|USDA|VA) 6 $1,850,000 $308,333 $5,558 4.17%
Kapaa, HI (FHA|USDA|VA) 1 $1,755,000 $1,755,000 $13,691 4.88%
Newport, OR (FHA|USDA|VA) 4 $1,700,000 $425,000 $5,516 5.59%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 3 $1,665,000 $555,000 $4,583 4.92%
MERCED, CA (FHA|USDA|VA) 7 $1,615,000 $230,714 $4,876 4.59%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $1,530,000 $765,000 $4,581 5.56%
ALBANY-LEBANON, OR (FHA|USDA|VA) 4 $1,530,000 $382,500 $8,222 2.94%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 6 $1,350,000 $225,000 $4,264 3.75%
Shelton, WA (FHA|USDA|VA) 2 $1,330,000 $665,000 $4,823 4.44%
Clearlake, CA (FHA|USDA|VA) 6 $1,130,000 $188,333 $7,662 4.77%
YUMA, AZ (FHA|USDA|VA) 3 $1,025,000 $341,667 $6,572 3.88%
Payson, AZ (FHA|USDA|VA) 2 $870,000 $435,000 $4,404 5.31%
WALLA WALLA, WA (FHA|USDA|VA) 1 $865,000 $865,000 $3,793 5.88%
Moses Lake, WA (FHA|USDA|VA) 2 $840,000 $420,000 $4,870 3.75%
YAKIMA, WA (FHA|USDA|VA) 6 $820,000 $136,667 $3,843 3.33%
Sonora, CA (FHA|USDA|VA) 2 $770,000 $385,000 $4,443 5.38%
CORVALLIS, OR (FHA|USDA|VA) 1 $745,000 $745,000 $5,334 3.50%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $745,000 $248,333 $2,643 4.71%
CHICO, CA (FHA|USDA|VA) 3 $655,000 $218,333 $4,214 3.58%
Prineville, OR (FHA|USDA|VA) 1 $655,000 $655,000 $4,900 5.25%
Red Bluff, CA (FHA|USDA|VA) 4 $650,000 $162,500 $5,909 6.03%
Port Angeles, WA (FHA|USDA|VA) 2 $410,000 $205,000 $5,768 3.56%
Ukiah, CA (FHA|USDA|VA) 1 $395,000 $395,000 $3,783 5.25%
Astoria, OR (FHA|USDA|VA) 2 $380,000 $190,000 $4,436 6.37%
BELLINGHAM, WA (FHA|USDA|VA) 2 $370,000 $185,000 $0 5.93%
The Dalles, OR (FHA|USDA|VA) 1 $295,000 $295,000 $4,618 4.13%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $10,536 2.50%
Show Low, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $5,879 4.63%
Crescent City, CA (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.38%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $195,000 $195,000 $3,470 3.63%
Roseburg, OR (FHA|USDA|VA) 1 $195,000 $195,000 $7,865 5.88%
Elko, NV (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.38%
Brookings, OR (FHA|USDA|VA) 1 $165,000 $165,000 $4,009 3.25%
Hood River, OR (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.49%
Klamath Falls, OR (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.00%
Aberdeen, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.49%
GRANTS PASS, OR (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.49%
Mufg Union Bank's top markets include Los Angeles, San Francisco, San Diego, San Jose, and Seattle among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 8,508 $9,160,260,000 $1,076,664 $6,601 3.96%
    HELOC 4,741 $1,148,265,000 $242,199 n/a 4.22%
    FHA 103 $40,625,000 $394,417 $12,529 4.50%
    VA 59 $35,545,000 $602,458 $11,460 4.03%

    For 2022, Mufg Union Bank's most frequently originated type of loan was Conventional, with 8,508 originations. Their 2nd most popular type was HELOC, with 4,741 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 5,068 $5,757,670,000 $1,136,083 $7,730 4.30%
    Refi 2,596 $2,165,210,000 $834,056 $5,151 3.61%
    Home Improvement 2,449 $545,645,000 $222,803 $4,644 4.15%
    Cash Out Refi 1,834 $1,445,840,000 $788,353 $5,434 3.74%
    Other 1,464 $470,330,000 $321,264 $5,607 4.23%

    For 2022, Mufg Union Bank's most frequently cited loan purpose was Home Purchase, with 5,068 originations. The 2nd most popular reason was Refi, with 2,596 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 12,570 $9,338,940,000 $742,955 $6,756 4.09%
    30+ year 488 $668,240,000 $1,369,344 $7,522 3.67%
    15 Year 263 $131,065,000 $498,346 $4,606 3.34%
    20 Year 51 $26,525,000 $520,098 $3,997 3.54%
    10 Year 29 $40,925,000 $1,411,207 $4,035 3.37%
    Other 8 $117,450,000 $14,681,250 $0 3.44%
    3 Year 1 $55,285,000 $55,285,000 $0 5.84%
    5 Year 1 $6,265,000 $6,265,000 $0 2.23%

    For 2022, Mufg Union Bank's most frequently cited loan duration was 30 Year, with 12,570 originations. The 2nd most popular length was 30+ year, with 488 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,403 $3,704,375,000 $1,088,562
    $<1k 2,878 $3,269,820,000 $1,136,143
    $5k+ 750 $723,000,000 $964,000
    $2k-3k 411 $180,055,000 $438,090
    $3k-4k 341 $192,425,000 $564,296
    $4k-5k 252 $167,420,000 $664,365

    Mufg Union Bank's average total fees were $6,756, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,403 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,143 $3,228,495,000 $1,027,202
    <2.5% 2,850 $1,313,580,000 $460,905
    4-5% 2,492 $2,457,900,000 $986,316
    5-6% 1,783 $1,181,355,000 $662,566
    2.5-3% 1,480 $1,710,890,000 $1,156,007
    6-7% 1,190 $407,070,000 $342,076
    7-8% 346 $74,500,000 $215,318
    Over 8% 127 $10,905,000 $85,866

    During 2022, Mufg Union Bank's average interest rate for loans was 4.09%, while their most frequently originated rate bucket for loans was 3-4%, with 3,143 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 3,796 $6,412,370,000 $1,689,244 $7,734 3.78%
    $600k-1MM 3,070 $2,414,440,000 $786,463 $6,199 4.07%
    $200k-400k 2,327 $647,475,000 $278,245 $5,615 4.07%
    $100k-200k 1,813 $242,225,000 $133,605 $4,137 4.07%
    $400k-600k 1,218 $595,110,000 $488,596 $6,583 4.25%
    $100,000 or less 1,187 $73,075,000 $61,563 $3,417 4.67%

    2022 saw Mufg Union Bank place emphasis on $1MM+ loans with 3,796 originations, totaling $6,412,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 5,570 $6,520,930,000 $1,170,724 $7,356 3.97%
    $150k-250k 3,340 $2,057,290,000 $615,955 $6,305 4.06%
    $100k-150k 1,762 $609,280,000 $345,789 $6,411 4.23%
    $75k-100k 962 $222,060,000 $230,832 $6,379 4.22%
    $50k-75k 845 $167,055,000 $197,698 $5,270 4.26%
    $50k or less 497 $91,035,000 $183,169 $4,552 4.11%

    Mufg Union Bank lent most frequently to those with incomes in the $250k+ range, with 5,570 originations. The second most popular income band? $150k-250k, with 3,340 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 2,245 $1,741,915,000 $775,909 $6,425 3.98%
    20-30% 1,888 $1,339,140,000 $709,290 $6,151 3.89%
    44% 1,495 $1,227,895,000 $821,334 $7,072 4.13%
    48% 896 $228,380,000 $254,888 $7,309 4.64%
    43% 836 $739,970,000 $885,132 $6,471 4.13%
    42% 778 $655,420,000 $842,442 $6,952 4.09%
    41% 673 $599,235,000 $890,394 $6,544 3.91%
    40% 638 $520,570,000 $815,940 $6,858 3.91%
    39% 564 $464,620,000 $823,794 $6,689 4.03%
    <20% 559 $490,535,000 $877,522 $6,837 3.73%
    37% 518 $416,340,000 $803,745 $6,931 4.14%
    38% 515 $445,545,000 $865,136 $6,754 4.07%
    36% 459 $381,185,000 $830,468 $6,445 4.00%
    47% 350 $135,260,000 $386,457 $8,632 4.36%
    45% 295 $126,165,000 $427,678 $7,118 4.14%
    46% 250 $112,560,000 $450,240 $7,225 4.34%
    49% 225 $86,655,000 $385,133 $6,690 3.92%
    50-60% 90 $50,320,000 $559,111 $15,019 4.01%
    >60% 5 $15,525,000 $3,105,000 $12,491 2.60%

    Mufg Union Bank lent most frequently to those with DTI ratios of 30-36%, with 2,245 originations. The next most common DTI ratio? 20-30%, with 1,888 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 7,544 $5,368,460,000 $711,620 $6,717 4.02%
    Not provided 3,116 $2,452,100,000 $786,938 $6,881 4.23%
    Asian 2,150 $1,665,750,000 $774,767 $6,337 3.93%
    Not applicable 117 $580,285,000 $4,959,701 $0 3.80%
    Black 240 $134,810,000 $561,708 $7,284 4.24%
    Asian Indian 69 $84,875,000 $1,230,072 $6,346 3.56%
    American Indian 87 $35,705,000 $410,402 $7,750 3.97%
    Chinese 15 $19,185,000 $1,279,000 $7,508 3.83%
    Native Hawaiian or Islander 45 $17,895,000 $397,667 $7,671 4.40%
    Vietnamese 6 $6,900,000 $1,150,000 $5,445 3.58%
    Other Asian 5 $6,105,000 $1,221,000 $7,834 3.93%
    Filipino 5 $4,405,000 $881,000 $5,003 4.45%
    Japanese 5 $3,925,000 $785,000 $6,776 4.88%
    Korean 3 $2,485,000 $828,333 $6,839 3.54%
    Other Pacific Islander 3 $1,565,000 $521,667 $8,690 5.58%
    Native Hawaiian 1 $245,000 $245,000 $0 1.99%

    Approval Rates

    Total approvals of all applications
    73.58%

    Mufg Union Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.34%

    Mufg Union Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 13,411 $10,384,695,000 $774,342

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    13,411 $10,384,695,000 $774,342

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2,149 $1,105,665,000 $514,502 $5,303 4.00%
    40-60% 2,142 $2,243,720,000 $1,047,488 $5,774 3.77%
    60-80% 3,725 $4,375,185,000 $1,174,546 $7,037 4.03%
    80-100% 1,959 $2,010,495,000 $1,026,286 $7,464 4.21%
    Over 100% 23 $16,815,000 $731,087 $22,397 4.50%
    Under 20% 3,413 $632,815,000 $185,413 $4,533 4.20%