# University Bank

> **Canonical URL:** https://saferate.com/lenders/university-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


University Bank is a bank, headquartered in Ann Arbor, MI, serving borrowers across 19 states, with 1,447 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 54% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 14% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300IFOE4SCP384147
- **Headquarters:** Ann Arbor, MI
- **Geographic Reach:** Multi-Region
- **States Served:** 19
- **State List:** AL, AR, AZ, CA, FL, GA, IL, IN, KS, KY, MD, MI, MS, NC, PA, SC, TN, TX, VA
- **Markets (MSAs):** 9
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 99.2%
- **Brokered/Wholesale:** 0.8%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 46/100
- Rating: ●●●○○ (3/5)

### Pull Through: Exceptional 🤩
- Score: 86/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** +0.241%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,302
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,447
- **Dollar Volume:** $437 million
- **Applications Received:** 1,767
- **Market Share:** 4.00%

## Typical Borrower Profile

- **Average Loan Amount:** $302,243
- **Average Borrower Income:** $114,550
- **Average Property Value:** $359,534

## Safe Rate Awards 🏆

- 💎 **VA Diamond Champion** (83%)
- ⭐ **FHA Gold Superstar** (77%)
- ⭐ **USDA Gold Superstar** (77%)
- ⭐ **Purchase Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 74/100 | 757 | +0.382% | $2,463 | Strong 😀 |
| FHA | 79/100 | 315 | +0.324% | $2,294 | Strong 😀 |
| VA | 81/100 | 325 | -0.534% | $1,661 | Exceptional 🤩 |
| USDA | 81/100 | 47 | +0.235% | $1,579 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 710 loans, Score: 74/100 (Strong)
- Refinance: 47 loans, Score: 55/100 (Sound)

**FHA:**
- Purchase: 307 loans, Score: 79/100 (Strong)

**VA:**
- Purchase: 322 loans, Score: 81/100 (Exceptional)

**USDA:**
- Purchase: 47 loans, Score: 81/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 80/100 | 1,389 | $422M | +0.229% | Strong 😀 |
| Refinance | 57/100 | 58 | $15M | +0.438% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| FL | 796 | 0.27% | 79/100 |
| MI | 317 | 0.28% | 73/100 |
| IN | 270 | 0.30% | 72/100 |
| CA | 12 | 0.00% | 36/100 |
| AL | 11 | 0.02% | 39/100 |
| GA | 10 | 0.01% | 36/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Pensacola | FL | 313 | 95/100 |
| Tallahassee, FL | FL | 290 | 100/100 |
| Lake County | IN | 160 | 87/100 |
| Crestview | FL | 149 | 88/100 |
| Non |  | 136 | 54/100 |
| Ann Arbor, MI | MI | 129 | 91/100 |
| Warren | MI | 101 | 65/100 |
| Detroit | MI | 44 | 58/100 |
| Jackson, MI | MI | 10 | 43/100 |

## Where This Lender Ranks

University Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Florida for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/florida/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Florida for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/florida/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Pensacola Banks
  - [View Full Rankings](https://saferate.com/pensacola/best-mortgage-lenders/banks)
- 🥇 **#1** in Pensacola for FHA Loans
  - [View Full Rankings](https://saferate.com/pensacola/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Pensacola for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/pensacola/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Pensacola for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/pensacola/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Tallahassee, FL
  - [View Full Rankings](https://saferate.com/tallahassee-fl/best-mortgage-lenders)
- 🥇 **#1** in Tallahassee, FL Banks
  - [View Full Rankings](https://saferate.com/tallahassee-fl/best-mortgage-lenders/banks)
- 🥇 **#1** in Tallahassee, FL for FHA Loans
  - [View Full Rankings](https://saferate.com/tallahassee-fl/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Tallahassee, FL for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/tallahassee-fl/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Tallahassee, FL for VA Loans
  - [View Full Rankings](https://saferate.com/tallahassee-fl/best-mortgage-lenders/va-loans)
- 🥇 **#1** in Tallahassee, FL for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/tallahassee-fl/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Tallahassee, FL for USDA Loans
  - [View Full Rankings](https://saferate.com/tallahassee-fl/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Tallahassee, FL for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/tallahassee-fl/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Indiana for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/indiana/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Lake County for FHA Loans
  - [View Full Rankings](https://saferate.com/lake-county/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Lake County for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/lake-county/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Lake County for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/lake-county/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Crestview for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/crestview/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Crestview for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/crestview/best-mortgage-lenders/banks/va-loans)

## Frequently Asked Questions

### What loan types does University Bank offer?

University Bank offers the following mortgage loan types: FHA, Conventional, VA, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does University Bank offer mortgages?

University Bank offers mortgages in 19 states: AL, AR, AZ, CA, FL, GA, IL, IN, KS, KY, MD, MI, MS, NC, PA, SC, TN, TX, VA.

### How competitive are University Bank's mortgage rates?

University Bank has a pricing score of 46/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.241% above market average.

### What type of lender is University Bank?

University Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Ann Arbor, MI.

### What is University Bank's loan approval success rate?

University Bank has a pull-through score of 86/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/university-bank

### How to Cite

> "University Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/university-bank

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