The Union Bank Company Mortgage Rates, Fees & Info

Columbus Grove, OH

LEI: 254900BDGU9FU91PQA51

Tax ID: 34-4379460

5 stars - Updated: 4/14/24 - out of 5 stars, based on 28 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

The Union Bank Company is a smaller bank specializing in Home Purchase loans. The Union Bank Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Columbus, Lima, Toledo, Findlay, and Van Wert among others. We have data for 62 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Union Bank Company 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. The Union Bank Company 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 relatively high 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% 4/14/24
30 Year Conventional Purchase 6.63% 4/14/24
30 Year Conventional Refi 6.38% 4/14/24
30 Year Cash-out Refi 6.58% 4/14/24
30 Year FHA Purchase 7.18% 4/14/24
30 Year FHA Refi 6.60% 4/14/24
30 Year VA Purchase 6.15% 4/14/24
30 Year USDA Purchase 6.87% 4/14/24
15 Year Conventional Purchase 6.10% 4/14/24
15 Year Conventional Refi 6.03% 4/14/24
15 Year Cash-out Refi 6.03% 4/14/24
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.

The Union Bank Company Mortgage Calculator






Your Estimates

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

This is not an official calculator from The Union Bank Company. 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

785

Origination Dollar Volume (All Markets)

$146,695,000

Awards

The Union Bank Company 30 Year Conventional Loans bronze The Union Bank Company 30 Year Conventional Loans silver The Union Bank Company 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

The Union Bank Company's average 30 year fixed mortgage rate was 6.58%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.1%.

Relative Fees (Closing Costs)

The Union Bank Company's average total fees/closing costs for a 30 year fixed rate mortgage were $5,300.

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 $9,089.

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
COLUMBUS, OH (FHA|USDA|VA) 214 $57,050,000 $266,589 $5,153 7.00%
Outside of Metro Areas 173 $23,635,000 $136,618 $3,353 7.15%
LIMA, OH (FHA|USDA|VA) 113 $13,345,000 $118,097 $3,862 7.12%
TOLEDO, OH (FHA|USDA|VA) 43 $7,535,000 $175,233 $3,672 7.23%
Findlay, OH (FHA|USDA|VA) 34 $5,130,000 $150,882 $3,550 7.34%
Van Wert, OH (FHA|USDA|VA) 22 $2,540,000 $115,455 $3,977 6.78%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 10 $2,390,000 $239,000 $5,062 6.49%
Marion, OH (FHA|USDA|VA) 27 $2,085,000 $77,222 $3,530 7.29%
Fremont, OH (FHA|USDA|VA) 22 $1,910,000 $86,818 $1,923 7.18%
DAYTON-KETTERING, OH (FHA|USDA|VA) 8 $1,860,000 $232,500 $4,927 6.67%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $1,565,000 $521,667 $8,705 7.28%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,500,000 $375,000 $9,151 6.91%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 5 $1,445,000 $289,000 $6,792 6.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,260,000 $630,000 $5,775 6.06%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,250,000 $312,500 $11,691 5.97%
Urbana, OH (FHA|USDA|VA) 7 $1,245,000 $177,857 $6,182 6.61%
Bellefontaine, OH (FHA|USDA|VA) 6 $1,220,000 $203,333 $5,875 7.08%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $1,165,000 $388,333 $10,177 6.46%
SPRINGFIELD, OH (FHA|USDA|VA) 4 $1,010,000 $252,500 $6,476 6.34%
Wapakoneta, OH (FHA|USDA|VA) 10 $940,000 $94,000 $2,703 7.06%
MANSFIELD, OH (FHA|USDA|VA) 5 $925,000 $185,000 $6,517 7.05%
Adrian, MI (FHA|USDA|VA) 3 $875,000 $291,667 $4,591 7.25%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $830,000 $415,000 $12,154 6.88%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $765,000 $255,000 $5,887 6.25%
LOUISVILLE, KY (FHA|USDA|VA) 3 $735,000 $245,000 $5,934 7.13%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $725,000 $725,000 $13,759 6.63%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $660,000 $330,000 $6,935 6.44%
Tiffin, OH (FHA|USDA|VA) 5 $645,000 $129,000 $3,430 6.72%
AKRON, OH (FHA|USDA|VA) 3 $605,000 $201,667 $8,962 7.33%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $590,000 $295,000 $10,172 6.50%
Angola, IN (FHA|USDA|VA) 1 $555,000 $555,000 $0 7.25%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $540,000 $270,000 $11,345 6.19%
THE VILLAGES, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 6.53%
Coldwater, MI (FHA|USDA|VA) 1 $495,000 $495,000 $7,536 7.63%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $425,000 $425,000 $6,812 7.88%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $405,000 $405,000 $12,060 7.13%
Point Pleasant, WV-OH (FHA|USDA|VA) 3 $405,000 $135,000 $5,926 6.42%
READING, PA (FHA|USDA|VA) 1 $365,000 $365,000 $12,502 6.50%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $360,000 $180,000 $4,916 6.19%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $335,000 $335,000 $5,619 6.13%
Sevierville, TN (FHA|USDA|VA) 1 $325,000 $325,000 $0 7.63%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $295,000 $295,000 $16,936 5.75%
Norwalk, OH (FHA|USDA|VA) 2 $290,000 $145,000 $3,889 7.95%
Celina, OH (FHA|USDA|VA) 3 $285,000 $95,000 $2,845 6.14%
Mount Vernon, OH (FHA|USDA|VA) 2 $270,000 $135,000 $4,073 7.40%
Cambridge, OH (FHA|USDA|VA) 2 $270,000 $135,000 $4,967 6.81%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $265,000 $265,000 $3,593 6.75%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $265,000 $265,000 $14,327 5.75%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $235,000 $235,000 $11,287 5.75%
SAVANNAH, GA (FHA|USDA|VA) 1 $235,000 $235,000 $0 7.63%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $235,000 $235,000 $12,043 5.25%
Sidney, OH (FHA|USDA|VA) 1 $225,000 $225,000 $4,248 7.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $225,000 $225,000 $13,191 5.75%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $215,000 $215,000 $4,902 6.75%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,945 6.63%
Defiance, OH (FHA|USDA|VA) 2 $200,000 $100,000 $4,114 6.86%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $195,000 $195,000 $0 7.72%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $175,000 $175,000 $3,741 6.50%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $155,000 $155,000 $4,701 5.50%
Bucyrus-Galion, OH (FHA|USDA|VA) 1 $145,000 $145,000 $2,846 5.88%
Mount Sterling, KY (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.93%
Wooster, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.29%
The Union Bank Company's top markets include Columbus, Lima, Toledo, Findlay, and Van Wert among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against The Union Bank Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Republic Bank
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    Los Angeles Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 395 $94,295,000 $238,722 $3,959 6.77%
    HELOC 328 $35,820,000 $109,207 n/a 7.50%
    FHA 46 $11,740,000 $255,217 $10,960 6.35%
    VA 14 $4,350,000 $310,714 $8,267 6.27%
    USDA 2 $490,000 $245,000 $7,335 6.56%

    For 2023, The Union Bank Company's most frequently originated type of loan was Conventional, with 395 originations. Their 2nd most popular type was HELOC, with 328 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 435 $105,385,000 $242,264 $4,805 6.84%
    Refi 118 $14,160,000 $120,000 $1,442 7.24%
    Home Improvement 116 $11,120,000 $95,862 $495 7.49%
    Other 82 $7,530,000 $91,829 $2,157 7.46%
    Cash Out Refi 34 $8,500,000 $250,000 $9,750 6.35%

    For 2023, The Union Bank Company's most frequently cited loan purpose was Home Purchase, with 435 originations. The 2nd most popular reason was Refi, with 118 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 371 $46,145,000 $124,380 $481 7.47%
    30 Year 365 $89,105,000 $244,123 $5,300 6.58%
    20 Year 15 $1,685,000 $112,333 $2,966 7.20%
    30+ year 13 $5,595,000 $430,385 $4,990 7.38%
    15 Year 7 $1,465,000 $209,286 $4,393 6.27%
    5 Year 6 $340,000 $56,667 $383 7.10%
    Other 4 $1,190,000 $297,500 $4,615 7.36%
    1 Year 3 $885,000 $295,000 $0 8.42%
    3 Year 1 $285,000 $285,000 $0 7.00%

    For 2023, The Union Bank Company's most frequently cited loan duration was 10 Year, with 371 originations. The 2nd most popular length was 30 Year, with 365 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 260 $62,240,000 $239,385
    $2k-3k 38 $8,830,000 $232,368
    $<1k 36 $4,050,000 $112,500
    $5k+ 26 $9,810,000 $377,308
    $3k-4k 23 $6,275,000 $272,826
    $4k-5k 15 $4,435,000 $295,667

    The Union Bank Company's average total fees were $5,300, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 260 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 321 $64,485,000 $200,888
    7-8% 311 $56,475,000 $181,592
    Over 8% 77 $8,245,000 $107,078
    5-6% 67 $14,445,000 $215,597
    4-5% 8 $2,970,000 $371,250
    <2.5% 1 $75,000 $75,000

    During 2023, The Union Bank Company's average interest rate for loans was 6.58%, while their most frequently originated rate bucket for loans was 6-7%, with 321 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 271 $14,585,000 $53,819 $2,129 7.36%
    $100k-200k 230 $33,180,000 $144,261 $4,234 6.90%
    $200k-400k 212 $58,550,000 $276,179 $5,880 6.85%
    $400k-600k 56 $26,780,000 $478,214 $6,651 6.87%
    $600k-1MM 13 $8,885,000 $683,462 $6,171 6.59%
    $1MM+ 3 $4,715,000 $1,571,667 $0 7.75%

    2023 saw The Union Bank Company place emphasis on $100,000 or less loans with 271 originations, totaling $14,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 167 $32,165,000 $192,605 $5,661 7.09%
    $50k-75k 157 $20,945,000 $133,408 $4,631 6.84%
    $150k-250k 135 $34,385,000 $254,704 $5,237 7.11%
    $75k-100k 127 $20,735,000 $163,268 $4,934 7.05%
    $50k or less 100 $9,370,000 $93,700 $3,717 6.83%
    $250k+ 50 $17,070,000 $341,400 $6,954 7.36%

    The Union Bank Company lent most frequently to those with incomes in the $100k-150k range, with 167 originations. The second most popular income band? $50k-75k, with 157 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 177 $27,115,000 $153,192 $3,841 7.05%
    30-36% 165 $28,825,000 $174,697 $4,722 7.02%
    <20% 130 $17,060,000 $131,231 $3,484 7.12%
    37% 42 $6,450,000 $153,571 $4,877 7.58%
    36% 29 $5,565,000 $191,897 $4,347 7.29%
    40% 25 $6,125,000 $245,000 $5,895 6.90%
    38% 22 $4,180,000 $190,000 $4,242 6.94%
    39% 22 $5,620,000 $255,455 $5,237 6.93%
    49% 21 $5,275,000 $251,190 $6,208 6.52%
    50-60% 17 $5,125,000 $301,471 $10,912 6.37%
    45% 17 $3,935,000 $231,471 $5,642 6.28%
    42% 16 $4,270,000 $266,875 $4,941 6.90%
    44% 13 $4,065,000 $312,692 $5,872 6.86%
    47% 11 $2,795,000 $254,091 $5,595 6.60%
    41% 10 $2,690,000 $269,000 $4,363 6.93%
    43% 9 $2,395,000 $266,111 $4,513 7.01%
    46% 6 $1,670,000 $278,333 $6,179 6.81%
    48% 5 $1,155,000 $231,000 $4,226 7.03%

    The Union Bank Company lent most frequently to those with DTI ratios of 20-30%, with 177 originations. The next most common DTI ratio? 30-36%, with 165 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 656 $113,610,000 $173,186 $4,495 7.04%
    Not applicable 39 $11,335,000 $290,641 $0 7.44%
    Not provided 43 $10,075,000 $234,302 $8,206 6.78%
    Asian 20 $5,270,000 $263,500 $5,994 7.15%
    Black 24 $4,910,000 $204,583 $6,734 6.76%
    Other Asian 2 $940,000 $470,000 $5,749 7.13%
    1 $555,000 $555,000 $3,120 4.75%

    Approval Rates

    Total approvals of all applications
    85.35%

    The Union Bank Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.93%

    The Union Bank Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $25,000 $25,000
    NA 784 $146,670,000 $187,079

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    785 $146,695,000 $186,873

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 145 $15,765,000 $108,724 $1,894 7.48%
    40-60% 100 $17,320,000 $173,200 $4,540 6.98%
    60-80% 186 $48,420,000 $260,323 $5,316 6.95%
    80-100% 237 $59,485,000 $250,992 $5,142 6.66%
    Over 100% 2 $700,000 $350,000 $12,754 6.63%
    Under 20% 115 $5,005,000 $43,522 $439 7.50%