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 and Refi loans. United Security Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jefferson City, Mexico, and St. Louis among others. We have data for 3 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
28Origination Dollar Volume (All Markets)
$2,730,000Top 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) | 21 | $2,145,000 | $102,143 | $0 | 0.00% |
| Mexico, MO (FHA|USDA|VA) | 6 | $410,000 | $68,333 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 28 | $2,730,000 | $97,500 | $0 | 0.00% |
For 2018, United Security Bank's most frequently originated type of loan was Conventional, with 28 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 22 | $2,020,000 | $91,818 | $0 | 0.00% |
| Refi | 5 | $685,000 | $137,000 | $0 | 0.00% |
| Home Improvement | 1 | $25,000 | $25,000 | $0 | 0.00% |
For 2018, United Security Bank's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 28 | $2,730,000 | $97,500 | $0 | 0.00% |
For 2018, United Security Bank's most frequently cited loan duration was Other, with 28 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 18 | $940,000 | $52,222 | $0 | 0.00% |
| $100k-200k | 7 | $965,000 | $137,857 | $0 | 0.00% |
| $200k-400k | 3 | $825,000 | $275,000 | $0 | 0.00% |
2018 saw United Security Bank place emphasis on $100,000 or less loans with 18 originations, totaling $940,000 in origination value.
Applicant Income
United Security Bank lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $100k-150k, with 6 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 27 | $2,695,000 | $99,815 | $0 | 0.00% |
| Not applicable | 1 | $35,000 | $35,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
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 |
|---|---|---|---|
| NA | 28 | $2,730,000 | $97,500 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $45,000 | $45,000 |
| Single Family (1-4 Units):Site-Built | 27 | $2,685,000 | $99,444 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Other type of mortgage | Trouble during payment process | 1 | 25.0% |
| UNITED COMMUNITY BANK | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
| UNITED COMMUNITY BANK | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| UNITED COMMUNITY BANK | Other type of mortgage | Struggling to pay mortgage | 1 | 25.0% |