United Community Bank Mortgage Rates, Fees & Info
Chatham, ILLEI: 5493000XYE7QL54NMB52
Tax ID: 37-0863264
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Mortgage Data
Review & Overview
United Community Bank is a smaller bank specializing in Home Purchase loans. United Community Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Springfield, St. Louis, Quincy, Fort Madison, and Macomb among others. We have data for 46 markets. (Some data included below & more in-depth data is available with an active subscription.)United Community Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. United Community Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 8.00% | 4/5/25 |
| 30 Year Conventional Purchase | 6.78% | 4/5/25 |
| 30 Year Conventional Refi | 6.78% | 4/5/25 |
| 30 Year Cash-out Refi | 6.94% | 4/5/25 |
| 30 Year FHA Purchase | 7.29% | 4/5/25 |
| 30 Year FHA Refi | 6.49% | 4/5/25 |
| 30 Year VA Purchase | 6.72% | 4/5/25 |
| 30 Year VA Refi | 6.72% | 4/5/25 |
| 30 Year USDA Purchase | 6.95% | 4/5/25 |
| 15 Year Conventional Purchase | 6.19% | 4/5/25 |
| 15 Year Conventional Refi | 6.18% | 4/5/25 |
| 15 Year Cash-out Refi | 6.18% | 4/5/25 |
| 15 Year FHA Purchase | 6.00% | 4/5/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
United Community Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from United Community Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,392Origination Dollar Volume (All Markets)
$171,730,000Awards
United Community Bank - 2024
United Community Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
United Community Bank's average 30 year fixed mortgage rate was
6.55%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0%.
Relative Fees (Closing Costs)
United Community Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,481.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| SPRINGFIELD, IL (FHA|USDA|VA) | 450 | $61,520,000 | $136,711 | $1,548 | 6.49% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 296 | $35,330,000 | $119,358 | $1,634 | 6.63% |
| Quincy, IL-MO (FHA|USDA|VA) | 179 | $18,675,000 | $104,330 | $1,668 | 6.51% |
| Outside of Metro Areas | 105 | $12,405,000 | $118,143 | $2,083 | 6.59% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 105 | $9,415,000 | $89,667 | $2,085 | 6.60% |
| Macomb, IL (FHA|USDA|VA) | 52 | $4,800,000 | $92,308 | $2,065 | 6.62% |
| Hannibal, MO (FHA|USDA|VA) | 21 | $2,265,000 | $107,857 | $1,681 | 6.51% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 14 | $2,240,000 | $160,000 | $2,821 | 6.79% |
| Lincoln, IL (FHA|USDA|VA) | 27 | $1,805,000 | $66,852 | $1,839 | 6.33% |
| Jacksonville, IL (FHA|USDA|VA) | 18 | $1,780,000 | $98,889 | $2,067 | 6.56% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 9 | $1,765,000 | $196,111 | $3,042 | 6.21% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,625,000 | $541,667 | $7,962 | 5.64% |
| Pontiac, IL (FHA|USDA|VA) | 11 | $1,605,000 | $145,909 | $2,530 | 6.32% |
| Taylorville, IL (FHA|USDA|VA) | 16 | $1,530,000 | $95,625 | $2,354 | 6.49% |
| PEORIA, IL (FHA|USDA|VA) | 10 | $1,400,000 | $140,000 | $1,796 | 6.42% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 10 | $1,300,000 | $130,000 | $2,424 | 6.11% |
| Ottawa, IL (FHA|USDA|VA) | 10 | $1,240,000 | $124,000 | $4,811 | 6.50% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 6 | $1,140,000 | $190,000 | $4,582 | 6.60% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,130,000 | $565,000 | $8,041 | 7.00% |
| Centralia, IL (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $5,490 | 6.50% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $1,660 | 7.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $1,444 | 6.66% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 6.40% |
| Maryville, MO (FHA|USDA|VA) | 5 | $535,000 | $107,000 | $2,123 | 6.35% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $2,021 | 6.75% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 7.50% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,104 | 6.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,609 | 6.63% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,022 | 7.38% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 6.95% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,540 | 6.75% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,458 | 7.50% |
| Branson, MO (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $589 | 5.99% |
| Galesburg, IL (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $2,714 | 6.75% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 6.91% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 6.61% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,697 | 6.50% |
| NILES, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.99% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,108 | 7.38% |
| Mount Vernon, IL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,051 | 6.19% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 6.75% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,235 | 7.38% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $693 | 6.99% |
| DECATUR, IL (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $424 | 7.00% |
| Washington, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.99% |
| Effingham, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $435 | 7.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against United Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2024, United Community Bank's most frequently originated type of loan was Conventional, with 1,075 originations. Their 2nd most popular type was HELOC, with 229 originations.
Loan Reason
For 2024, United Community Bank's most frequently cited loan purpose was Home Purchase, with 677 originations. The 2nd most popular reason was Home Improvement, with 271 originations.
Loan Duration/Length
For 2024, United Community Bank's most frequently cited loan duration was 30 Year, with 594 originations. The 2nd most popular length was 10 Year, with 275 originations.
Origination Fees/Closing Costs
United Community Bank's average total fees were $2,481, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 932 originations.
Interest Rates
During 2024, United Community Bank's average interest rate for loans was 6.55%, while their most frequently originated rate bucket for loans was 6-7%, with 851 originations.
Loan Sizing
2024 saw United Community Bank place emphasis on $100,000 or less loans with 761 originations, totaling $37,805,000 in origination value.
Applicant Income
United Community Bank lent most frequently to those with incomes in the $50k-75k range, with 310 originations. The second most popular income band? $100k-150k, with 287 originations.
Applicant Debt to Income Ratio
United Community Bank lent most frequently to those with DTI ratios of 20-30%, with 380 originations. The next most common DTI ratio? 30-36%, with 263 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.11%
United Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.61%
United Community Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $75,000 | $75,000 |
| NA | 1,391 | $171,655,000 | $123,404 |