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 loans. United Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Grand Forks, Bismarck, Phoenix, Bemidji, and Fargo among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    United Valley Bank has an above average approval rate when compared to the average across all 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

    39

    Origination Dollar Volume (All Markets)

    $5,265,000

    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) 15 $2,535,000 $169,000 $0 0.00%
    Outside of Metro Areas 19 $2,125,000 $111,842 $0 0.00%
    BISMARCK, ND (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
    Bemidji, MN (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    FARGO, ND-MN (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    United Valley Bank's top markets include Grand Forks, Bismarck, Phoenix, Bemidji, and Fargo among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 39 $5,265,000 $135,000 $0 0.00%

    For 2019, United Valley Bank's most frequently originated type of loan was Conventional, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 25 $3,405,000 $136,200 $0 0.00%
    Refi 6 $620,000 $103,333 $0 0.00%
    Home Improvement 4 $760,000 $190,000 $0 0.00%
    Cash Out Refi 3 $445,000 $148,333 $0 0.00%
    Other 1 $35,000 $35,000 $0 0.00%

    For 2019, United Valley Bank's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 39 $5,265,000 $135,000 $0 0.00%

    For 2019, United Valley Bank's most frequently cited loan duration was Other, with 39 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 17 $955,000 $56,176 $0 0.00%
    $100k-200k 12 $1,620,000 $135,000 $0 0.00%
    $200k-400k 9 $2,285,000 $253,889 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2019 saw United Valley Bank place emphasis on $100,000 or less loans with 17 originations, totaling $955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 7 $805,000 $115,000 $0 0.00%
    $50k or less 7 $665,000 $95,000 $0 0.00%
    $100k-150k 6 $800,000 $133,333 $0 0.00%
    $50k-75k 6 $680,000 $113,333 $0 0.00%
    $250k+ 5 $1,055,000 $211,000 $0 0.00%
    $75k-100k 3 $565,000 $188,333 $0 0.00%

    United Valley Bank lent most frequently to those with incomes in the $150k-250k range, with 7 originations. The second most popular income band? $50k or less, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 39 $5,265,000 $135,000 $0 0.00%

    United Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 33 $4,455,000 $135,000 $0 0.00%
    Not applicable 4 $550,000 $137,500 $0 0.00%
    Not provided 1 $215,000 $215,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.70%

    United Valley Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 39 $5,265,000 $135,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $295,000 $295,000
    Single Family (1-4 Units):Manufactured 3 $215,000 $71,667
    Single Family (1-4 Units):Site-Built 35 $4,755,000 $135,857

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Conventional home mortgage Struggling to pay mortgage 1 100.0%