United Valley Bank Mortgage Rates, Fees & Info

Grand Forks, ND

LEI: 3F3G50WF6GG95B8BM859

Tax ID: 45-0164345

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
  • Complaints
  • 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

    United Valley Bank is a smaller bank specializing in Home Purchase and Refi loans. United Valley Bank has a high proportion of conventional loans. Their top two markets are Grand Forks and Minneapolis .

    United Valley Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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    Originations

    19

    Origination Dollar Volume (All Markets)

    $11,055,000

    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
    GRAND FORKS, ND-MN (FHA|USDA|VA) 13 $9,855,000 $758,077 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $975,000 $975,000 $0 0.00%
    Outside of Metro Areas 5 $225,000 $45,000 $0 0.00%
    United Valley Bank's top markets include Grand Forks and Minneapolis among others.

    Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 19 $11,055,000 $581,842 $0 0.00%

    For 2018, United Valley Bank's most frequently originated type of loan was Conventional, with 19 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 8 $4,100,000 $512,500 $0 0.00%
    Refi 7 $6,815,000 $973,571 $0 0.00%
    Home Improvement 3 $105,000 $35,000 $0 0.00%
    Other 1 $35,000 $35,000 $0 0.00%

    For 2018, United Valley Bank's most frequently cited loan purpose was Home Purchase, with 8 originations. The 2nd most popular reason was Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 19 $11,055,000 $581,842 $0 0.00%

    For 2018, United Valley Bank's most frequently cited loan duration was Other, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 10 $480,000 $48,000 $0 0.00%
    $1MM+ 3 $8,265,000 $2,755,000 $0 0.00%
    $100k-200k 2 $260,000 $130,000 $0 0.00%
    $200k-400k 2 $570,000 $285,000 $0 0.00%
    $400k-600k 1 $505,000 $505,000 $0 0.00%
    $600k-1MM 1 $975,000 $975,000 $0 0.00%

    2018 saw United Valley Bank place emphasis on $100,000 or less loans with 10 originations, totaling $480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 4 $240,000 $60,000 $0 0.00%
    $150k-250k 3 $655,000 $218,333 $0 0.00%
    $100k-150k 2 $100,000 $50,000 $0 0.00%
    $50k-75k 2 $160,000 $80,000 $0 0.00%
    $75k-100k 1 $75,000 $75,000 $0 0.00%

    United Valley Bank lent most frequently to those with incomes in the $50k or less range, with 4 originations. The second most popular income band? $150k-250k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 19 $11,055,000 $581,842 $0 0.00%

    United Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 7 $9,825,000 $1,403,571 $0 0.00%
    White 12 $1,230,000 $102,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.33%

    United Valley Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    68.42%

    United Valley Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 19 $11,055,000 $581,842

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $8,770,000 $2,192,500
    Single Family (1-4 Units):Manufactured 2 $180,000 $90,000
    Single Family (1-4 Units):Site-Built 13 $2,105,000 $161,923

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Other type of mortgage Trouble during payment process 1 25.0%
    UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 1 25.0%
    UNITED COMMUNITY BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    UNITED COMMUNITY BANK Other type of mortgage Struggling to pay mortgage 1 25.0%