United Security Bank Mortgage Rates, Fees & Info

AUXVASSE, MO

LEI: 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

52

Origination Dollar Volume (All Markets)

$7,590,000

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
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%
United Security Bank's top markets include Jefferson City, Mexico, Columbia, Hannibal, and Moberly among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 34 $5,310,000 $156,176 $0 0.00%
    Refi 12 $1,170,000 $97,500 $0 0.00%
    Home Improvement 4 $940,000 $235,000 $0 0.00%
    Cash Out Refi 2 $170,000 $85,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 23 $1,445,000 $62,826 $0 0.00%
    $100k-200k 19 $2,735,000 $143,947 $0 0.00%
    $200k-400k 8 $2,030,000 $253,750 $0 0.00%
    $600k-1MM 2 $1,380,000 $690,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 11 $1,565,000 $142,273 $0 0.00%
    $75k-100k 10 $1,410,000 $141,000 $0 0.00%
    $50k or less 9 $955,000 $106,111 $0 0.00%
    $100k-150k 7 $635,000 $90,714 $0 0.00%
    $150k-250k 5 $815,000 $163,000 $0 0.00%
    $250k+ 3 $1,025,000 $341,667 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 48 $6,730,000 $140,208 $0 0.00%
    Not applicable 3 $745,000 $248,333 $0 0.00%
    Asian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.11%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 52 $7,590,000 $145,962

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    52 $7,590,000 $145,962