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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Union State Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Union State Bank has a high proportion of conventional loans. Their top two markets are Des Moines and Omaha .

    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.

    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.

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    Originations

    73

    Origination Dollar Volume (All Markets)

    $9,915,000

    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) 68 $8,480,000 $124,706 $0 0.00%
    Outside of Metro Areas 3 $1,025,000 $341,667 $0 0.00%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
    Union State Bank's top markets include Des Moines and Omaha among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 73 $9,915,000 $135,822 $0 0.00%

    For 2019, Union State Bank's most frequently originated type of loan was Conventional, with 73 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 33 $4,225,000 $128,030 $0 0.00%
    Cash Out Refi 18 $2,600,000 $144,444 $0 0.00%
    Refi 16 $2,180,000 $136,250 $0 0.00%
    Other 6 $910,000 $151,667 $0 0.00%

    For 2019, Union State Bank's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 73 $9,915,000 $135,822 $0 0.00%

    For 2019, Union State Bank's most frequently cited loan duration was Other, with 73 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 30 $4,110,000 $137,000 $0 0.00%
    $100,000 or less 29 $1,955,000 $67,414 $0 0.00%
    $200k-400k 13 $3,395,000 $261,154 $0 0.00%
    $400k-600k 1 $455,000 $455,000 $0 0.00%

    2019 saw Union State Bank place emphasis on $100k-200k loans with 30 originations, totaling $4,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 21 $2,435,000 $115,952 $0 0.00%
    $100k-150k 10 $2,290,000 $229,000 $0 0.00%
    $150k-250k 10 $1,680,000 $168,000 $0 0.00%
    $50k-75k 7 $955,000 $136,429 $0 0.00%
    $75k-100k 6 $400,000 $66,667 $0 0.00%
    $250k+ 3 $695,000 $231,667 $0 0.00%

    Union State Bank lent most frequently to those with incomes in the $50k or less range, with 21 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 73 $9,915,000 $135,822 $0 0.00%

    Union State Bank lent most frequently to those with DTI ratios of Exempt%, with 73 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 53 $7,925,000 $149,528 $0 0.00%
    Not applicable 19 $1,945,000 $102,368 $0 0.00%
    Not provided 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.50%

    Union State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.63%

    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 73 $9,915,000 $135,822

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 73 $9,915,000 $135,822