Union State Bank Mortgage Rates, Fees & Info
Winterset, IALEI: 254900SKRYMF38M2P535
Tax ID: 42-0573040
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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.
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Originations
50Origination Dollar Volume (All Markets)
$13,840,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
2023 saw Union State Bank place emphasis on $100k-200k loans with 22 originations, totaling $3,090,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications85.94%
Union State Bank has an average approval rate.
Pick Rate
Approvals leading to origination92.00%
Union State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 50 | $13,840,000 | $276,800 |