United Security Bank Mortgage Rates, Fees & Info
AUXVASSE, MOLEI: 254900QQZUS3XZMKYY67
Tax ID: 43-0511150
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Mortgage Data
Review & Overview
United Security Bank is a smaller bank specializing in Home Purchase loans. United Security Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jefferson City, Mexico, Columbia, Hannibal, and Moberly among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)United Security Bank has an above average approval rate when compared to the average across all lenders.
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Originations
52Origination Dollar Volume (All Markets)
$7,590,000Top 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 |
|---|---|---|---|---|---|
| JEFFERSON CITY, MO (FHA|USDA|VA) | 39 | $6,475,000 | $166,026 | $0 | 0.00% |
| Mexico, MO (FHA|USDA|VA) | 9 | $685,000 | $76,111 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Moberly, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 52 | $7,590,000 | $145,962 | $0 | 0.00% |
For 2023, United Security Bank's most frequently originated type of loan was Conventional, with 52 originations.
Loan Reason
For 2023, United Security Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 52 | $7,590,000 | $145,962 | $0 | 0.00% |
For 2023, United Security Bank's most frequently cited loan duration was Other, with 52 originations.
Loan Sizing
2023 saw United Security Bank place emphasis on $100,000 or less loans with 23 originations, totaling $1,445,000 in origination value.
Applicant Income
United Security Bank lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $75k-100k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 52 | $7,590,000 | $145,962 | $0 | 0.00% |
United Security Bank lent most frequently to those with DTI ratios of Exempt%, with 52 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.11%
United Security Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 52 | $7,590,000 | $145,962 |