Unico Bank Mortgage Rates, Fees & Info
Mineral Point, MOLEI: 254900UEAUWHP0CJXA09
Tax ID: 43-0338550
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Mortgage Data
Review & Overview
Unico Bank is a smaller bank specializing in Home Purchase loans. Unico Bank has a high proportion of conventional loans. Their top markets by origination volume include: Farmington, Paragould, Jonesboro, Kennett, and Mountain Home among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Unico 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
146Origination Dollar Volume (All Markets)
$20,550,000Top 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 |
|---|---|---|---|---|---|
| Farmington, MO (FHA|USDA|VA) | 34 | $5,300,000 | $155,882 | $0 | 0.00% |
| Paragould, AR (FHA|USDA|VA) | 28 | $4,790,000 | $171,071 | $0 | 0.00% |
| Outside of Metro Areas | 42 | $4,140,000 | $98,571 | $0 | 0.00% |
| JONESBORO, AR (FHA|USDA|VA) | 30 | $3,270,000 | $109,000 | $0 | 0.00% |
| Kennett, MO (FHA|USDA|VA) | 3 | $1,635,000 | $545,000 | $0 | 0.00% |
| Mountain Home, AR (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $0 | 0.00% |
| Blytheville, AR (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 146 | $20,550,000 | $140,753 | $0 | 0.00% |
For 2024, Unico Bank's most frequently originated type of loan was Conventional, with 146 originations.
Loan Reason
For 2024, Unico Bank's most frequently cited loan purpose was Home Purchase, with 89 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 146 | $20,550,000 | $140,753 | $0 | 0.00% |
For 2024, Unico Bank's most frequently cited loan duration was Other, with 146 originations.
Loan Sizing
2024 saw Unico Bank place emphasis on $100,000 or less loans with 79 originations, totaling $4,245,000 in origination value.
Applicant Income
Unico Bank lent most frequently to those with incomes in the $50k-75k range, with 22 originations. The second most popular income band? $75k-100k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 146 | $20,550,000 | $140,753 | $0 | 0.00% |
Unico Bank lent most frequently to those with DTI ratios of Exempt%, with 146 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 105 | $13,345,000 | $127,095 | $0 | 0.00% |
| Not applicable | 41 | $7,205,000 | $175,732 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.38%
Unico Bank has an average approval rate.
Pick Rate
Approvals leading to origination91.10%
Unico Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 146 | $20,550,000 | $140,753 |