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 and Cash Out Refi 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, Findlay, Cincinnati, and Toledo among others. We have data for 128 markets. (Some data included below & more in-depth data is available with an active subscription.)The Union Bank Company has an above 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 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% | 12/16/24 |
| 30 Year Conventional Purchase | 6.63% | 12/16/24 |
| 30 Year Conventional Refi | 6.38% | 12/16/24 |
| 30 Year Cash-out Refi | 6.58% | 12/16/24 |
| 30 Year FHA Purchase | 7.18% | 12/16/24 |
| 30 Year FHA Refi | 6.60% | 12/16/24 |
| 30 Year VA Purchase | 6.15% | 12/16/24 |
| 30 Year USDA Purchase | 6.87% | 12/16/24 |
| 15 Year Conventional Purchase | 6.10% | 12/16/24 |
| 15 Year Conventional Refi | 6.03% | 12/16/24 |
| 15 Year Cash-out Refi | 6.03% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,393Origination Dollar Volume (All Markets)
$289,305,000Awards
The Union Bank Company - 2022
The Union Bank Company 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 |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 346 | $91,540,000 | $264,566 | $4,952 | 5.16% |
| Outside of Metro Areas | 287 | $37,305,000 | $129,983 | $3,375 | 5.03% |
| LIMA, OH (FHA|USDA|VA) | 176 | $35,520,000 | $201,818 | $3,431 | 5.35% |
| Findlay, OH (FHA|USDA|VA) | 50 | $7,290,000 | $145,800 | $3,323 | 5.33% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 34 | $7,230,000 | $212,647 | $5,196 | 4.41% |
| TOLEDO, OH (FHA|USDA|VA) | 54 | $6,960,000 | $128,889 | $3,513 | 5.31% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 16 | $6,400,000 | $400,000 | $6,117 | 3.98% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 19 | $5,855,000 | $308,158 | $9,211 | 4.01% |
| Marion, OH (FHA|USDA|VA) | 55 | $5,525,000 | $100,455 | $2,950 | 5.37% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 15 | $4,315,000 | $287,667 | $6,402 | 3.95% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 10 | $3,450,000 | $345,000 | $5,642 | 3.90% |
| Bellefontaine, OH (FHA|USDA|VA) | 14 | $3,260,000 | $232,857 | $3,259 | 5.05% |
| Van Wert, OH (FHA|USDA|VA) | 28 | $3,210,000 | $114,643 | $3,753 | 5.35% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 15 | $3,145,000 | $209,667 | $4,538 | 5.10% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 6 | $2,570,000 | $428,333 | $6,119 | 3.29% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $2,500,000 | $625,000 | $15,236 | 4.84% |
| Fremont, OH (FHA|USDA|VA) | 26 | $2,490,000 | $95,769 | $1,958 | 5.29% |
| MANSFIELD, OH (FHA|USDA|VA) | 6 | $2,120,000 | $353,333 | $5,938 | 5.75% |
| Wapakoneta, OH (FHA|USDA|VA) | 18 | $2,050,000 | $113,889 | $2,913 | 5.91% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 14 | $1,980,000 | $141,429 | $6,628 | 5.43% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $1,905,000 | $381,000 | $11,952 | 4.15% |
| PITTSBURGH, PA (FHA|USDA|VA) | 5 | $1,655,000 | $331,000 | $5,195 | 4.43% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,650,000 | $412,500 | $14,066 | 5.22% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $1,390,000 | $347,500 | $5,438 | 3.53% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $6,279 | 4.18% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 6 | $1,310,000 | $218,333 | $7,576 | 5.69% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $1,255,000 | $418,333 | $4,579 | 3.50% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $11,103 | 4.44% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $5,222 | 4.77% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $4,846 | 3.38% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $6,887 | 4.13% |
| Los Alamos, NM (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $9,362 | 3.81% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $5,127 | 3.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $7,301 | 4.00% |
| Sidney, OH (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $0 | 4.65% |
| Mount Vernon, OH (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $4,975 | 4.28% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $8,078 | 4.42% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $8,256 | 3.63% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $7,750 | 4.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $6,833 | 4.67% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $7,146 | 6.69% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $9,443 | 5.25% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $8,410 | 4.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $7,668 | 4.13% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $8,886 | 5.13% |
| Coshocton, OH (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,046 | 5.19% |
| Celina, OH (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $3,445 | 5.03% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $5,975 | 2.63% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,817 | 3.25% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $10,935 | 4.75% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $8,131 | 3.94% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,943 | 4.50% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $13,488 | 5.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $13,642 | 5.50% |
| RENO, NV (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $3,751 | 5.13% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $7,893 | 4.13% |
| AKRON, OH (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $14,108 | 5.56% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 3.75% |
| Tiffin, OH (FHA|USDA|VA) | 6 | $490,000 | $81,667 | $3,566 | 5.33% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,305 | 3.94% |
| Helena, MT (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $31,908 | 4.50% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,681 | 5.63% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $9,587 | 5.63% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $5,680 | 4.92% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $7,916 | 6.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $10,537 | 4.75% |
| Spearfish, SD (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,322 | 3.13% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,120 | 3.75% |
| Norwalk, OH (FHA|USDA|VA) | 6 | $390,000 | $65,000 | $0 | 5.39% |
| Urbana, OH (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $7,957 | 3.63% |
| OCALA, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,864 | 4.06% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,174 | 3.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $12,685 | 4.63% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,153 | 5.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $17,815 | 4.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,861 | 3.63% |
| ROME, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,730 | 5.50% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,367 | 2.38% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $15,219 | 4.25% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $15,161 | 2.88% |
| Zanesville, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,177 | 4.88% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,860 | 3.63% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $8,056 | 5.38% |
| Rolla, MO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,599 | 4.63% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,503 | 2.88% |
| London, KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,577 | 4.38% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,926 | 3.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,678 | 3.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,471 | 2.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,196 | 4.75% |
| Montrose, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,210 | 5.13% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,594 | 3.75% |
| WHEELING, WV-OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,588 | 5.31% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,395 | 3.88% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,946 | 4.50% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,655 | 3.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,453 | 5.88% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,762 | 3.25% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,797 | 4.25% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 4.75% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,481 | 3.25% |
| Fernley, NV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,451 | 3.75% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,082 | 5.13% |
| Rock Springs, WY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,727 | 4.63% |
| Outside of Metro Areas | 1 | $245,000 | $245,000 | $8,416 | 3.88% |
| Adrian, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,096 | 6.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,473 | 3.88% |
| TULSA, OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $16,790 | 5.63% |
| Mayfield, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,323 | 2.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,824 | 6.25% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,329 | 4.13% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,962 | 3.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $13,426 | 2.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,879 | 4.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,770 | 5.38% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,485 | 4.13% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,909 | 3.25% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.75% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.25% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,794 | 4.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.75% |
| Angola, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.93% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,328 | 5.13% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $2,503 | 5.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.36% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.50% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.50% |
| New Castle, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.00% |
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Product Mix
For 2022, The Union Bank Company's most frequently originated type of loan was Conventional, with 799 originations. Their 2nd most popular type was HELOC, with 426 originations.
Loan Reason
For 2022, The Union Bank Company's most frequently cited loan purpose was Home Purchase, with 663 originations. The 2nd most popular reason was Cash Out Refi, with 257 originations.
Loan Duration/Length
For 2022, The Union Bank Company's most frequently cited loan duration was 30 Year, with 739 originations. The 2nd most popular length was 10 Year, with 471 originations.
Origination Fees/Closing Costs
The Union Bank Company's average total fees were $5,429, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 435 originations.
Interest Rates
During 2022, The Union Bank Company's average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 5-6%, with 398 originations.
Loan Sizing
2022 saw The Union Bank Company place emphasis on $200k-400k loans with 445 originations, totaling $125,315,000 in origination value.
Applicant Income
The Union Bank Company lent most frequently to those with incomes in the $100k-150k range, with 332 originations. The second most popular income band? $50k-75k, with 299 originations.
Applicant Debt to Income Ratio
The Union Bank Company lent most frequently to those with DTI ratios of 20-30%, with 333 originations. The next most common DTI ratio? 30-36%, with 255 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.14%
The Union Bank Company has an average approval rate.
Pick Rate
Approvals leading to origination79.40%
The Union Bank Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,393 | $289,305,000 | $207,685 |