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 and Refi loans. Union State Bank has a high proportion of conventional loans. Their top two markets are Des Moines and Ames .Union State Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
93Origination Dollar Volume (All Markets)
$13,415,000Top 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) | 85 | $12,145,000 | $142,882 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $715,000 | $143,000 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 93 | $13,415,000 | $144,247 | $0 | 0.00% |
For 2018, Union State Bank's most frequently originated type of loan was Conventional, with 93 originations.
Loan Reason
For 2018, Union State Bank's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Refi, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 93 | $13,415,000 | $144,247 | $0 | 0.00% |
For 2018, Union State Bank's most frequently cited loan duration was Other, with 93 originations.
Loan Sizing
2018 saw Union State Bank place emphasis on $100,000 or less loans with 54 originations, totaling $3,150,000 in origination value.
Applicant Income
Union State Bank lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $100k-150k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 93 | $13,415,000 | $144,247 | $0 | 0.00% |
Union State Bank lent most frequently to those with DTI ratios of Exempt%, with 93 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.95%
Union State Bank has an average approval rate.
Pick Rate
Approvals leading to origination98.92%
Union State Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 93 | $13,415,000 | $144,247 |