The Union Bank Company Mortgage Rates, Fees & Info
Columbus Grove, OHLEI: 254900BDGU9FU91PQA51
Tax ID: 34-4379460
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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, Marion, and Findlay among others. We have data for 82 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 a low 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) | 6.72% | 4/17/25 |
| 30 Year Conventional Purchase | 6.95% | 4/17/25 |
| 30 Year Conventional Refi | 6.75% | 4/17/25 |
| 30 Year Cash-out Refi | 7.04% | 4/17/25 |
| 30 Year FHA Purchase | 7.25% | 4/17/25 |
| 30 Year FHA Refi | 6.79% | 4/17/25 |
| 30 Year VA Purchase | 6.44% | 4/17/25 |
| 30 Year VA Refi | 6.45% | 4/17/25 |
| 30 Year USDA Purchase | 6.84% | 4/17/25 |
| 15 Year Conventional Purchase | 6.41% | 4/17/25 |
| 15 Year Conventional Refi | 5.93% | 4/17/25 |
| 15 Year Cash-out Refi | 5.93% | 4/17/25 |
| 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
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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
742Origination Dollar Volume (All Markets)
$163,900,000Awards
The Union Bank Company - 2024
The Union Bank Company is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
The Union Bank Company's average 30 year fixed mortgage rate was
6.63%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.08%.
Relative Fees (Closing Costs)
The Union Bank Company's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,528.
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 $8,356.
Top Markets
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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) | 223 | $70,185,000 | $314,731 | $5,190 | 6.86% |
| LIMA, OH (FHA|USDA|VA) | 110 | $19,350,000 | $175,909 | $3,712 | 7.30% |
| Outside of Metro Areas | 143 | $16,035,000 | $112,133 | $3,580 | 7.14% |
| TOLEDO, OH (FHA|USDA|VA) | 54 | $11,000,000 | $203,704 | $3,809 | 7.47% |
| Marion, OH (FHA|USDA|VA) | 23 | $3,115,000 | $135,435 | $3,925 | 7.10% |
| Findlay, OH (FHA|USDA|VA) | 19 | $2,525,000 | $132,895 | $3,294 | 7.51% |
| Fremont, OH (FHA|USDA|VA) | 21 | $2,165,000 | $103,095 | $2,121 | 7.19% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 4 | $1,700,000 | $425,000 | $9,663 | 6.59% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $8,816 | 5.80% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $1,445,000 | $289,000 | $7,892 | 5.98% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $6,729 | 6.66% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $6,892 | 6.63% |
| Wapakoneta, OH (FHA|USDA|VA) | 11 | $1,255,000 | $114,091 | $3,643 | 7.52% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $9,553 | 7.19% |
| Bellefontaine, OH (FHA|USDA|VA) | 6 | $1,120,000 | $186,667 | $5,850 | 7.23% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $5,364 | 6.73% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $6,343 | 7.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $9,437 | 6.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $8,771 | 5.81% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $8,516 | 6.25% |
| Zanesville, OH (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $4,280 | 6.91% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $6,871 | 6.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $8,914 | 5.94% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $12,440 | 6.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 7.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $8,265 | 7.27% |
| MANSFIELD, OH (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $5,588 | 6.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $7,050 | 6.63% |
| Van Wert, OH (FHA|USDA|VA) | 7 | $625,000 | $89,286 | $3,951 | 7.12% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $15,670 | 6.62% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $18,386 | 6.88% |
| MONROE, MI (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $420 | 7.17% |
| Chillicothe, OH (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,908 | 6.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,921 | 6.25% |
| Laramie, WY (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $12,781 | 6.25% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,066 | 6.63% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,657 | 6.69% |
| Urbana, OH (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $6,159 | 5.83% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $8,590 | 7.63% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,590 | 7.38% |
| Mount Vernon, OH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 7.68% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,602 | 6.50% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,463 | 6.92% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $10,618 | 6.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,037 | 5.81% |
| Fernley, NV (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,190 | 7.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 8.25% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,914 | 5.75% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $11,679 | 5.25% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 7.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,872 | 5.75% |
| SYRACUSE, NY (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 6.38% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,848 | 5.75% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,814 | 6.25% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,937 | 6.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,746 | 5.63% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $14,247 | 5.75% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,881 | 6.88% |
| Prineville, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,160 | 5.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,398 | 6.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,812 | 7.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,475 | 5.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,098 | 5.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,358 | 7.13% |
| CASPER, WY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,373 | 7.50% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,491 | 6.13% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $11,883 | 5.75% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 7.00% |
| Tiffin, OH (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,608 | 7.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $11,047 | 5.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,650 | 6.13% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,603 | 6.75% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,033 | 6.25% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,695 | 5.75% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,722 | 6.63% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,926 | 6.63% |
| AKRON, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,702 | 5.75% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,095 | 5.63% |
| DECATUR, IL (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 7.19% |
| Defiance, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,620 | 6.63% |
| Sandusky, OH (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 7.48% |
| Celina, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,502 | 6.75% |
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Product Mix
For 2024, The Union Bank Company's most frequently originated type of loan was Conventional, with 350 originations. Their 2nd most popular type was HELOC, with 309 originations.
Loan Reason
For 2024, The Union Bank Company's most frequently cited loan purpose was Home Purchase, with 361 originations. The 2nd most popular reason was Refi, with 128 originations.
Loan Duration/Length
For 2024, The Union Bank Company's most frequently cited loan duration was 30 Year, with 352 originations. The 2nd most popular length was 10 Year, with 347 originations.
Origination Fees/Closing Costs
The Union Bank Company's average total fees were $5,528, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 288 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 330 | $64,310,000 | $194,879 |
| 6-7% | 292 | $72,040,000 | $246,712 |
| 5-6% | 72 | $20,090,000 | $279,028 |
| Over 8% | 47 | $7,305,000 | $155,426 |
| 4-5% | 1 | $155,000 | $155,000 |
During 2024, The Union Bank Company's average interest rate for loans was 6.63%, while their most frequently originated rate bucket for loans was 7-8%, with 330 originations.
Loan Sizing
2024 saw The Union Bank Company place emphasis on $200k-400k loans with 241 originations, totaling $67,395,000 in origination value.
Applicant Income
The Union Bank Company lent most frequently to those with incomes in the $100k-150k range, with 175 originations. The second most popular income band? $50k-75k, with 147 originations.
Applicant Debt to Income Ratio
The Union Bank Company lent most frequently to those with DTI ratios of 20-30%, with 189 originations. The next most common DTI ratio? 30-36%, with 139 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.06%
The Union Bank Company has an average approval rate.
Pick Rate
Approvals leading to origination80.86%
The Union Bank Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 742 | $163,900,000 | $220,889 |