Mufg Union Bank Mortgage Rates, Fees & Info
San Francisco, CALEI: OX3PU53ZLPQKJ4700D47
Tax ID: 94-0304228
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.64% | 11/22/24 |
| 30 Year Conventional Purchase | 5.80% | 11/22/24 |
| 30 Year Conventional Refi | 5.88% | 11/22/24 |
| 30 Year Cash-out Refi | 6.11% | 11/22/24 |
| 30 Year FHA Purchase | 6.57% | 11/22/24 |
| 30 Year FHA Refi | 5.78% | 11/22/24 |
| 30 Year VA Purchase | 5.52% | 11/22/24 |
| 30 Year VA Refi | 5.75% | 11/22/24 |
| 15 Year Conventional Purchase | 5.54% | 11/22/24 |
| 15 Year Conventional Refi | 5.85% | 11/22/24 |
| 15 Year Cash-out Refi | 5.85% | 11/22/24 |
| 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. | ||
Mufg Union Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
13,411Origination Dollar Volume (All Markets)
$10,384,695,000Awards
MUFG Union Bank - 2022
MUFG Union Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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Product Mix
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
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
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
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
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
2022 saw Mufg Union Bank place emphasis on $1MM+ loans with 3,796 originations, totaling $6,412,370,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications73.58%
Mufg Union Bank has a below average approval rate.
Pick Rate
Approvals leading to origination81.34%
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 |