University Federal Credit Union in Utah Mortgage Interest Rate and Cost Review

Is University Federal Credit Union in Utah a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by University Federal Credit Union in Utah with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratesimilar to average (-0.08%)
Loan Related Closing Costslower than average (-$463)
National Rate and Closing Cost Rating(4.0)
Websitehttps://www.ucreditu.com

On average, University Federal Credit Union in Utah’s interest rates were similar to those of other lenders (-0.08%) for a comparable set of borrowers. Its average total loan related closing cost was lower than those of other lenders, with a difference of -$463. Overall, combining interest rates and closing costs we estimate that University Federal Credit Union in Utah tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4.0 out of 5.0 stars.

University Federal Credit Union in Utah’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track University Federal Credit Union in Utah was most active in:

  1. West Jordan, UT
  2. Lehi, UT
  3. St. George, UT
  4. Logan, UT
  5. Vernal, UT

You can click through to check out University Federal Credit Union in Utah’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

University Federal Credit Union in Utah’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, University Federal Credit Union in Utah originated Conforming and FHA mortgages for new home purchases. It also originated Conforming, FHA, Jumbo and VA mortgages for refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

Purchase/Refinance:
New Purchase MortgagesConformingFHA
Interest Rate Difference-0.02%-0.02%
Loan Related Closing Cost Difference-$29-$99
Cost Adjusted Rate Difference-0.03%-0.03%
Star Rating(3.5)(3.5)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference-0.11%-0.01%+0.01%-0.02%
Loan Related Closing Cost Difference-$703-$7+$15+$57
Cost Adjusted Rate Difference-0.17%-0.01%+0.01%-0.02%
Star Rating(4.5)(3.5)(3.5)(3.5)

As a summary, University Federal Credit Union in Utah is similar to other lenders for Conforming and FHA purchase mortgages. For refinancing mortgages, University Federal Credit Union in Utah is cheap for Conforming mortgage refinance. It is similar to other lenders for FHA, Jumbo and VA mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about University Federal Credit Union in Utah:

Registered name: University First Federal Credit Union
Registered city and state: SALT LAKE CITY, UT, 84158
Regulator: National Credit Union Administration (NCUA)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for University Federal Credit Union in Utah’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.