Unifirst Mortgage Corporation Rates, Fees & Info

JOHNSTOWN, PA

LEI: 54930032E3E33STHBC62

Tax ID: 84-1049978

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
  • Similar Lenders
  • 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

    Unifirst Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Unifirst Mortgage Corporation has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Grand Junction, New York, Johnstown, Pittsburgh, and Philadelphia among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Unifirst Mortgage Corporation 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. Unifirst Mortgage Corporation 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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    Originations

    258

    Origination Dollar Volume (All Markets)

    $49,930,000
    Show all (7) awards

    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 JUNCTION, CO (FHA|USDA|VA) 100 $22,940,000 $229,400 $3,577 4.79%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 17 $3,945,000 $232,059 $6,781 4.76%
    JOHNSTOWN, PA (FHA|USDA|VA) 26 $2,720,000 $104,615 $3,261 4.89%
    PITTSBURGH, PA (FHA|USDA|VA) 12 $1,980,000 $165,000 $4,184 5.06%
    Outside of Metro Areas 7 $1,555,000 $222,143 $4,520 4.61%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 9 $1,555,000 $172,778 $3,410 5.03%
    Glenwood Springs, CO (FHA|USDA|VA) 3 $1,415,000 $471,667 $2,740 4.42%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $1,145,000 $381,667 $7,158 4.79%
    ALTOONA, PA (FHA|USDA|VA) 7 $1,075,000 $153,571 $3,188 4.61%
    Somerset, PA (FHA|USDA|VA) 10 $880,000 $88,000 $2,726 4.74%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $825,000 $165,000 $4,412 4.73%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 5 $755,000 $151,000 $3,156 5.40%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 4 $700,000 $175,000 $3,830 4.50%
    READING, PA (FHA|USDA|VA) 4 $690,000 $172,500 $5,367 4.56%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $665,000 $221,667 $5,061 4.50%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $650,000 $162,500 $2,313 4.88%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $640,000 $320,000 $7,011 4.69%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $510,000 $255,000 $8,125 5.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $360,000 $180,000 $7,215 4.81%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $360,000 $180,000 $6,673 4.94%
    Sandusky, OH (FHA|USDA|VA) 3 $315,000 $105,000 $2,732 5.13%
    OCALA, FL (FHA|USDA|VA) 1 $285,000 $285,000 $5,540 4.63%
    Pottsville, PA (FHA|USDA|VA) 1 $275,000 $275,000 $5,290 3.75%
    YORK-HANOVER, PA (FHA|USDA|VA) 2 $270,000 $135,000 $3,101 4.75%
    LANCASTER, PA (FHA|USDA|VA) 2 $260,000 $130,000 $1,342 5.13%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $245,000 $245,000 $4,562 6.00%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $235,000 $235,000 $4,864 4.75%
    Cañon City, CO (FHA|USDA|VA) 1 $225,000 $225,000 $2,370 3.75%
    GREELEY, CO (FHA|USDA|VA) 1 $225,000 $225,000 $2,099 4.75%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $215,000 $215,000 $7,892 3.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $215,000 $215,000 $4,295 4.13%
    DuBois, PA (FHA|USDA|VA) 1 $205,000 $205,000 $5,276 4.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $195,000 $195,000 $2,621 4.00%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $190,000 $95,000 $3,009 5.00%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $165,000 $165,000 $4,171 5.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,297 4.75%
    Clewiston, FL (FHA|USDA|VA) 2 $140,000 $70,000 $2,207 5.25%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $135,000 $135,000 $4,098 4.50%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $115,000 $115,000 $1,584 5.13%
    Lewistown, PA (FHA|USDA|VA) 1 $95,000 $95,000 $2,166 5.13%
    Huntingdon, PA (FHA|USDA|VA) 1 $95,000 $95,000 $960 4.00%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $85,000 $85,000 $2,756 4.88%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $75,000 $75,000 $5,391 5.13%
    ERIE, PA (FHA|USDA|VA) 1 $75,000 $75,000 $2,094 4.75%
    Bradford, PA (FHA|USDA|VA) 1 $75,000 $75,000 $5,743 5.63%
    Unifirst Mortgage Corporation's top markets include Grand Junction, New York, Johnstown, Pittsburgh, and Philadelphia among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against UNIFIRST MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    COLORAMO
    Similarity Rank: 30
    N C P D Federal Credit Union
    Similarity Rank: 55
    1st Summit Bank
    Similarity Rank: 63
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Grand Valley Bank
    Similarity Rank: 80
    Freehold Savings Bank
    Similarity Rank: 120
    The Atlantic Federal Credit Union
    Similarity Rank: 120
    Blue Foundry Bank
    Similarity Rank: 125

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 133 $23,415,000 $176,053 $4,638 4.83%
    Conventional 96 $20,040,000 $208,750 $2,627 4.86%
    VA 20 $5,180,000 $259,000 $5,827 4.48%
    USDA 9 $1,295,000 $143,889 $2,011 4.64%

    For 2018, Unifirst Mortgage Corporation's most frequently originated type of loan was FHA, with 133 originations. Their 2nd most popular type was Conventional, with 96 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 228 $42,540,000 $186,579 $3,771 4.82%
    Cash Out Refi 24 $5,740,000 $239,167 $5,122 4.76%
    Refi 6 $1,650,000 $275,000 $5,689 4.40%

    For 2018, Unifirst Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 228 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 251 $48,795,000 $194,402 $3,968 4.81%
    15 Year 6 $890,000 $148,333 $2,502 4.33%
    20 Year 1 $245,000 $245,000 $3,374 5.38%

    For 2018, Unifirst Mortgage Corporation's most frequently cited loan duration was 30 Year, with 251 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 184 $35,520,000 $193,043
    $1k-2k 53 $10,505,000 $198,208
    $2k-3k 8 $1,750,000 $218,750
    $4k-5k 3 $635,000 $211,667
    $3k-4k 2 $290,000 $145,000

    Unifirst Mortgage Corporation's average total fees were $3,968, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 184 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 163 $32,985,000 $202,362
    5-6% 77 $12,425,000 $161,364
    3-4% 18 $4,520,000 $251,111

    During 2018, Unifirst Mortgage Corporation's average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 4-5%, with 163 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 104 $15,720,000 $151,154 $3,435 4.89%
    $200k-400k 101 $26,515,000 $262,525 $5,013 4.68%
    $100,000 or less 43 $3,105,000 $72,209 $2,550 4.97%
    $400k-600k 10 $4,590,000 $459,000 $3,693 4.48%

    2018 saw Unifirst Mortgage Corporation place emphasis on $100k-200k loans with 104 originations, totaling $15,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 74 $9,260,000 $125,135 $2,858 4.89%
    $50k-75k 73 $13,435,000 $184,041 $3,917 4.79%
    $75k-100k 55 $13,055,000 $237,364 $4,785 4.69%
    $100k-150k 36 $9,020,000 $250,556 $4,456 4.85%
    $150k-250k 17 $4,575,000 $269,118 $5,367 4.86%
    $250k+ 1 $305,000 $305,000 $1,775 4.00%

    Unifirst Mortgage Corporation lent most frequently to those with incomes in the $50k or less range, with 74 originations. The second most popular income band? $50k-75k, with 73 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 43 $8,295,000 $192,907 $3,396 4.74%
    20-30% 39 $7,195,000 $184,487 $4,526 4.80%
    50-60% 28 $5,980,000 $213,571 $4,979 4.72%
    48% 15 $3,285,000 $219,000 $4,398 4.53%
    46% 13 $2,465,000 $189,615 $3,605 4.87%
    49% 12 $2,380,000 $198,333 $2,926 5.01%
    42% 11 $1,805,000 $164,091 $2,777 5.03%
    36% 11 $2,275,000 $206,818 $3,557 5.13%
    <20% 11 $1,705,000 $155,000 $3,421 4.82%
    43% 11 $2,395,000 $217,727 $3,505 4.72%
    44% 11 $2,345,000 $213,182 $3,824 4.81%
    47% 10 $1,800,000 $180,000 $4,863 4.76%
    45% 8 $1,350,000 $168,750 $2,857 5.00%
    41% 8 $1,340,000 $167,500 $4,935 5.13%
    39% 8 $1,550,000 $193,750 $2,468 4.66%
    37% 7 $1,535,000 $219,286 $4,986 4.79%
    38% 7 $905,000 $129,286 $4,018 4.86%
    40% 3 $685,000 $228,333 $4,643 4.75%

    Unifirst Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 43 originations. The next most common DTI ratio? 20-30%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 218 $42,380,000 $194,404 $3,882 4.79%
    Not provided 20 $3,530,000 $176,500 $4,432 4.94%
    Black 16 $3,400,000 $212,500 $4,257 4.77%
    Asian 2 $380,000 $190,000 $2,292 4.75%
    American Indian 1 $155,000 $155,000 $3,098 6.00%
    Other Pacific Islander 1 $85,000 $85,000 $3,097 5.00%

    Approval Rates

    Total approvals of all applications
    88.92%

    Unifirst Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.74%

    Unifirst Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 258 $49,930,000 $193,527

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 9 $1,235,000 $137,222
    Single Family (1-4 Units):Site-Built 249 $48,695,000 $195,562

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $105,000 $105,000 $0 4.75%
    40-60% 7 $785,000 $112,143 $2,192 4.61%
    60-80% 37 $7,205,000 $194,730 $3,339 4.81%
    80-100% 211 $41,225,000 $195,379 $4,013 4.82%
    Over 100% 2 $610,000 $305,000 $10,584 4.38%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Unifirst Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%