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, St. Louis, Mexico, and Columbia among others. We have data for 4 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
20Origination Dollar Volume (All Markets)
$2,550,000Top 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) | 16 | $1,970,000 | $123,125 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Mexico, MO (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 20 | $2,550,000 | $127,500 | $0 | 0.00% |
For 2019, United Security Bank's most frequently originated type of loan was Conventional, with 20 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 11 | $1,295,000 | $117,727 | $0 | 0.00% |
| Refi | 7 | $795,000 | $113,571 | $0 | 0.00% |
| Cash Out Refi | 2 | $460,000 | $230,000 | $0 | 0.00% |
For 2019, United Security Bank's most frequently cited loan purpose was Home Purchase, with 11 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 20 | $2,550,000 | $127,500 | $0 | 0.00% |
For 2019, United Security Bank's most frequently cited loan duration was Other, with 20 originations.
Loan Sizing
2019 saw United Security Bank place emphasis on $100,000 or less loans with 11 originations, totaling $575,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 7 | $355,000 | $50,714 | $0 | 0.00% |
| $50k-75k | 5 | $705,000 | $141,000 | $0 | 0.00% |
| $75k-100k | 3 | $755,000 | $251,667 | $0 | 0.00% |
United Security Bank lent most frequently to those with incomes in the $50k or less range, with 7 originations. The second most popular income band? $50k-75k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 20 | $2,550,000 | $127,500 | $0 | 0.00% |
United Security Bank lent most frequently to those with DTI ratios of Exempt%, with 20 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 20 | $2,550,000 | $127,500 | $0 | 0.00% |
Approval Rates
Total approvals of all applications90.91%
United Security Bank has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 20 | $2,550,000 | $127,500 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $15,000 | $15,000 |
| Single Family (1-4 Units):Site-Built | 19 | $2,535,000 | $133,421 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |