Union State Bank Mortgage Rates, Fees & Info

Winterset, IA

LEI: 254900SKRYMF38M2P535

Tax ID: 42-0573040

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Union State Bank is a smaller bank specializing in Home Purchase loans. Union State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Washington, and Ames among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Union State Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

50

Origination Dollar Volume (All Markets)

$13,840,000

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
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 45 $7,805,000 $173,444 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $4,905,000 $4,905,000 $0 0.00%
Outside of Metro Areas 3 $695,000 $231,667 $0 0.00%
AMES, IA (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
Union State Bank's top markets include Des Moines, Washington, and Ames among others.

Their top states include:
  • Iowa (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 50 $13,840,000 $276,800 $0 0.00%

    For 2023, Union State Bank's most frequently originated type of loan was Conventional, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $10,550,000 $439,583 $0 0.00%
    Refi 15 $2,385,000 $159,000 $0 0.00%
    Home Improvement 6 $450,000 $75,000 $0 0.00%
    Other 5 $455,000 $91,000 $0 0.00%

    For 2023, Union State Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 50 $13,840,000 $276,800 $0 0.00%

    For 2023, Union State Bank's most frequently cited loan duration was Other, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 22 $3,090,000 $140,455 $0 0.00%
    $100,000 or less 12 $520,000 $43,333 $0 0.00%
    $200k-400k 11 $3,205,000 $291,364 $0 0.00%
    $400k-600k 3 $1,395,000 $465,000 $0 0.00%
    $1MM+ 1 $4,905,000 $4,905,000 $0 0.00%
    $600k-1MM 1 $725,000 $725,000 $0 0.00%

    2023 saw Union State Bank place emphasis on $100k-200k loans with 22 originations, totaling $3,090,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 7 $785,000 $112,143 $0 0.00%
    $100k-150k 5 $1,375,000 $275,000 $0 0.00%
    $150k-250k 5 $815,000 $163,000 $0 0.00%
    $250k+ 3 $1,085,000 $361,667 $0 0.00%
    $50k-75k 3 $655,000 $218,333 $0 0.00%
    $50k or less 3 $325,000 $108,333 $0 0.00%

    Union State Bank lent most frequently to those with incomes in the $75k-100k range, with 7 originations. The second most popular income band? $100k-150k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 50 $13,840,000 $276,800 $0 0.00%

    Union State Bank lent most frequently to those with DTI ratios of Exempt%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 23 $8,695,000 $378,043 $0 0.00%
    White 26 $5,040,000 $193,846 $0 0.00%
    Not provided 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.94%

    Union State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.00%

    Union State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 50 $13,840,000 $276,800

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    50 $13,840,000 $276,800