United Mortgage Corp. Rates, Fees & Info

MELVILLE, NY

LEI: 5493005ICQ3QGEIWV618

Tax ID: 11-3073502

1 stars - out of 5 stars, based on 53 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

United Mortgage Corp. is a small mortgage company specializing in Home Purchase and Cash Out Refi loans. United Mortgage Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Dallas, Scranton, Miami, and Columbus among others. We have data for 226 markets. (Some data included below & more in-depth data is available with an active subscription.)

United Mortgage Corp. 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 Mortgage Corp. is typically a high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.82% 5/28/23
30 Year Conventional Refi 6.51% 5/28/23
30 Year Cash-out Refi 6.84% 5/28/23
30 Year FHA Purchase 7.41% 5/28/23
30 Year FHA Refi 6.98% 5/28/23
30 Year VA Purchase 6.33% 5/28/23
30 Year VA Refi 6.10% 5/28/23
30 Year USDA Purchase 7.09% 5/28/23
30 Year USDA Refi 5.65% 5/28/23
15 Year Conventional Purchase 6.31% 5/28/23
15 Year Conventional Refi 6.24% 5/28/23
15 Year Cash-out Refi 6.24% 5/28/23
15 Year FHA Purchase 7.74% 5/28/23
15 Year FHA Refi 5.68% 5/28/23
15 Year VA Refi 5.68% 5/28/23
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 Mortgage Corp. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from United Mortgage Corp.. 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

2,853

Origination Dollar Volume (All Markets)

$1,023,025,000

Awards

UNITED MORTGAGE CORP. FHA Loans bronze UNITED MORTGAGE CORP. FHA Loans bronze
Show all (2) awards

Relative Rate

United Mortgage Corp.'s average 30 year fixed mortgage rate was 5.07%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.31%.

Relative Fees (Closing Costs)

United Mortgage Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $12,431.

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 $4,750.

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1,385 $651,505,000 $470,401 $15,082 5.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 213 $50,665,000 $237,864 $8,124 4.82%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 113 $18,405,000 $162,876 $8,301 5.67%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 47 $17,455,000 $371,383 $12,458 5.08%
COLUMBUS, OH (FHA|USDA|VA) 78 $16,480,000 $211,282 $7,762 4.85%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 43 $15,255,000 $354,767 $9,308 5.04%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 79 $15,025,000 $190,190 $7,374 4.99%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 39 $12,275,000 $314,744 $10,235 4.75%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 46 $11,730,000 $255,000 $7,578 4.70%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 28 $10,940,000 $390,714 $14,172 5.46%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 37 $10,895,000 $294,459 $11,254 5.34%
Outside of Metro Areas 38 $8,040,000 $211,579 $8,325 4.79%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 22 $7,780,000 $353,636 $10,934 4.78%
COLORADO SPRINGS, CO (FHA|USDA|VA) 22 $7,570,000 $344,091 $10,400 4.42%
LOUISVILLE, KY (FHA|USDA|VA) 36 $6,360,000 $176,667 $6,241 4.92%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 15 $6,175,000 $411,667 $14,893 5.22%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 22 $4,860,000 $220,909 $9,642 5.97%
PORT ST. LUCIE, FL (FHA|USDA|VA) 13 $4,765,000 $366,538 $12,730 5.58%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 15 $4,675,000 $311,667 $9,572 4.87%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 15 $4,525,000 $301,667 $11,219 4.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 10 $4,080,000 $408,000 $11,264 4.34%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 15 $3,735,000 $249,000 $7,598 4.35%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 15 $3,385,000 $225,667 $6,778 4.97%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $3,330,000 $277,500 $11,261 4.64%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 16 $3,160,000 $197,500 $6,646 4.87%
EAST STROUDSBURG, PA (FHA|USDA|VA) 10 $3,060,000 $306,000 $11,135 5.61%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 9 $2,975,000 $330,556 $8,430 4.58%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 10 $2,930,000 $293,000 $12,191 5.90%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 9 $2,515,000 $279,444 $9,887 5.49%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 9 $2,355,000 $261,667 $6,734 4.75%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 7 $2,335,000 $333,571 $10,616 5.80%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 10 $2,320,000 $232,000 $7,945 4.70%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 7 $2,175,000 $310,714 $9,054 4.80%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $2,065,000 $413,000 $9,363 4.80%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $2,010,000 $502,500 $12,515 4.53%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 10 $1,960,000 $196,000 $10,028 5.03%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $1,950,000 $325,000 $9,797 4.35%
RALEIGH-CARY, NC (FHA|USDA|VA) 7 $1,875,000 $267,857 $11,148 5.79%
PITTSBURGH, PA (FHA|USDA|VA) 11 $1,865,000 $169,545 $8,548 4.98%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 9 $1,815,000 $201,667 $8,659 4.76%
GREELEY, CO (FHA|USDA|VA) 5 $1,795,000 $359,000 $11,277 4.95%
Pottsville, PA (FHA|USDA|VA) 10 $1,700,000 $170,000 $7,593 5.48%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 8 $1,660,000 $207,500 $8,667 4.38%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $1,580,000 $263,333 $10,575 5.08%
TALLAHASSEE, FL (FHA|USDA|VA) 7 $1,575,000 $225,000 $8,269 5.45%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 5 $1,495,000 $299,000 $8,776 5.23%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 6 $1,470,000 $245,000 $9,092 5.00%
COLUMBIA, SC (FHA|USDA|VA) 5 $1,385,000 $277,000 $7,180 5.85%
FRESNO, CA (FHA|USDA|VA) 2 $1,380,000 $690,000 $28,047 4.94%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $1,365,000 $455,000 $16,886 5.75%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,265,000 $253,000 $9,220 4.53%
Torrington, CT (FHA|USDA|VA) 5 $1,155,000 $231,000 $12,979 5.65%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,145,000 $381,667 $12,095 5.42%
Concord, NH (FHA|USDA|VA) 3 $1,135,000 $378,333 $11,831 3.33%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $1,120,000 $280,000 $9,206 4.31%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 7 $1,115,000 $159,286 $8,481 5.70%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 5 $1,065,000 $213,000 $8,069 4.88%
Granbury, TX (FHA|USDA|VA) 4 $990,000 $247,500 $7,367 5.09%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $980,000 $245,000 $5,281 3.69%
DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $970,000 $242,500 $8,577 4.66%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $965,000 $321,667 $12,189 6.25%
Bozeman, MT (FHA|USDA|VA) 1 $955,000 $955,000 $49,320 2.75%
KNOXVILLE, TN (FHA|USDA|VA) 4 $950,000 $237,500 $7,544 5.28%
Pahrump, NV (FHA|USDA|VA) 3 $905,000 $301,667 $11,874 4.96%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $885,000 $885,000 $44,912 5.25%
BELLINGHAM, WA (FHA|USDA|VA) 2 $880,000 $440,000 $19,612 5.75%
SALEM, OR (FHA|USDA|VA) 3 $865,000 $288,333 $15,915 5.54%
SHERMAN-DENISON, TX (FHA|USDA|VA) 4 $850,000 $212,500 $11,058 5.31%
WILMINGTON, NC (FHA|USDA|VA) 3 $835,000 $278,333 $8,346 5.58%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $830,000 $207,500 $7,764 4.06%
WICHITA, KS (FHA|USDA|VA) 5 $825,000 $165,000 $8,643 4.33%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $800,000 $200,000 $6,362 4.78%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $785,000 $261,667 $11,031 4.21%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $785,000 $261,667 $7,383 4.33%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 4 $770,000 $192,500 $7,663 5.13%
Mount Vernon, OH (FHA|USDA|VA) 3 $765,000 $255,000 $9,700 5.04%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $720,000 $360,000 $10,887 5.69%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $720,000 $180,000 $6,124 5.38%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $705,000 $235,000 $8,190 5.13%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $690,000 $172,500 $5,199 4.06%
THE VILLAGES, FL (FHA|USDA|VA) 2 $690,000 $345,000 $8,205 4.50%
Oak Harbor, WA (FHA|USDA|VA) 2 $680,000 $340,000 $10,202 4.81%
FORT COLLINS, CO (FHA|USDA|VA) 2 $680,000 $340,000 $11,602 4.44%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $660,000 $330,000 $11,438 6.75%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $645,000 $215,000 $10,732 5.54%
LONGVIEW, WA (FHA|USDA|VA) 1 $645,000 $645,000 $12,311 5.75%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $640,000 $160,000 $7,530 5.53%
UTICA-ROME, NY (FHA|USDA|VA) 2 $630,000 $315,000 $10,950 4.25%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $615,000 $615,000 $36,327 5.25%
AKRON, OH (FHA|USDA|VA) 2 $600,000 $300,000 $12,590 4.56%
SPARTANBURG, SC (FHA|USDA|VA) 3 $585,000 $195,000 $7,900 5.12%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $585,000 $585,000 $19,377 4.88%
Athens, TX (FHA|USDA|VA) 2 $580,000 $290,000 $11,209 5.44%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $535,000 $178,333 $8,664 5.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $530,000 $265,000 $10,705 5.31%
Wilmington, OH (FHA|USDA|VA) 2 $510,000 $255,000 $8,137 4.75%
Albemarle, NC (FHA|USDA|VA) 2 $500,000 $250,000 $11,674 4.81%
BINGHAMTON, NY (FHA|USDA|VA) 3 $495,000 $165,000 $9,507 5.46%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 2 $490,000 $245,000 $10,710 5.88%
Sevierville, TN (FHA|USDA|VA) 2 $490,000 $245,000 $7,391 4.25%
BATON ROUGE, LA (FHA|USDA|VA) 1 $485,000 $485,000 $15,930 4.88%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $480,000 $240,000 $7,939 4.94%
CORVALLIS, OR (FHA|USDA|VA) 1 $475,000 $475,000 $13,604 4.38%
READING, PA (FHA|USDA|VA) 2 $470,000 $235,000 $10,148 4.25%
ASHEVILLE, NC (FHA|USDA|VA) 2 $470,000 $235,000 $9,763 5.88%
ROANOKE, VA (FHA|USDA|VA) 1 $465,000 $465,000 $16,601 5.63%
WINCHESTER, VA-WV (FHA|USDA|VA) 2 $450,000 $225,000 $12,092 4.75%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $435,000 $435,000 $18,122 5.38%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $430,000 $215,000 $9,990 4.31%
PANAMA CITY, FL (FHA|USDA|VA) 2 $430,000 $215,000 $10,919 5.38%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $425,000 $425,000 $20,239 7.13%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $420,000 $210,000 $9,269 5.50%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $420,000 $210,000 $7,379 5.31%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $420,000 $210,000 $7,615 5.56%
OCALA, FL (FHA|USDA|VA) 2 $400,000 $200,000 $7,797 5.44%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $385,000 $385,000 $6,895 5.63%
Marion, OH (FHA|USDA|VA) 3 $385,000 $128,333 $4,827 4.54%
VISALIA, CA (FHA|USDA|VA) 1 $385,000 $385,000 $16,485 6.75%
GAINESVILLE, FL (FHA|USDA|VA) 2 $380,000 $190,000 $9,774 5.38%
BOWLING GREEN, KY (FHA|USDA|VA) 2 $380,000 $190,000 $5,176 4.31%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $370,000 $185,000 $11,200 4.75%
APPLETON, WI (FHA|USDA|VA) 2 $370,000 $185,000 $6,823 5.56%
Corsicana, TX (FHA|USDA|VA) 2 $370,000 $185,000 $7,722 4.94%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $360,000 $180,000 $6,260 3.19%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $355,000 $355,000 $17,155 4.25%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $355,000 $355,000 $4,177 4.63%
EL PASO, TX (FHA|USDA|VA) 1 $345,000 $345,000 $9,429 4.50%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $345,000 $345,000 $14,523 5.50%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 2 $340,000 $170,000 $7,035 4.06%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $335,000 $335,000 $18,121 4.88%
Clarksburg, WV (FHA|USDA|VA) 1 $335,000 $335,000 $18,693 4.75%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $330,000 $165,000 $10,230 5.44%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $330,000 $165,000 $6,462 4.81%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $325,000 $325,000 $11,604 8.13%
Shawnee, OK (FHA|USDA|VA) 1 $325,000 $325,000 $17,282 4.13%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $325,000 $325,000 $5,605 6.00%
Athens, TN (FHA|USDA|VA) 1 $315,000 $315,000 $17,165 4.50%
SAN ANGELO, TX (FHA|USDA|VA) 1 $315,000 $315,000 $10,047 6.13%
Aberdeen, WA (FHA|USDA|VA) 1 $315,000 $315,000 $12,382 3.50%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $310,000 $155,000 $8,558 4.75%
Bonham, TX (FHA|USDA|VA) 1 $305,000 $305,000 $7,161 2.63%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $305,000 $305,000 $12,398 4.88%
Whitewater, WI (FHA|USDA|VA) 1 $305,000 $305,000 $6,830 6.88%
Washington, IN (FHA|USDA|VA) 1 $295,000 $295,000 $8,762 2.50%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $295,000 $295,000 $13,350 5.75%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $285,000 $285,000 $5,809 3.75%
FORT SMITH, AR-OK (FHA|USDA|VA) 2 $280,000 $140,000 $6,349 4.25%
Glasgow, KY (FHA|USDA|VA) 1 $265,000 $265,000 $11,980 4.75%
Elko, NV (FHA|USDA|VA) 1 $265,000 $265,000 $5,105 3.75%
Elizabeth City, NC (FHA|USDA|VA) 1 $255,000 $255,000 $11,279 4.50%
Laconia, NH (FHA|USDA|VA) 1 $255,000 $255,000 $9,006 4.50%
KINGSTON, NY (FHA|USDA|VA) 1 $245,000 $245,000 $11,987 3.75%
LEBANON, PA (FHA|USDA|VA) 1 $245,000 $245,000 $12,755 3.88%
MEDFORD, OR (FHA|USDA|VA) 1 $245,000 $245,000 $3,653 3.25%
Frankfort, KY (FHA|USDA|VA) 1 $235,000 $235,000 $9,780 3.50%
Warsaw, IN (FHA|USDA|VA) 1 $235,000 $235,000 $9,454 4.25%
Bay City, TX (FHA|USDA|VA) 1 $225,000 $225,000 $10,065 6.13%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $225,000 $225,000 $7,140 4.88%
DOVER, DE (FHA|USDA|VA) 1 $225,000 $225,000 $8,092 6.50%
Cadillac, MI (FHA|USDA|VA) 1 $225,000 $225,000 $10,675 4.63%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $225,000 $225,000 $7,943 3.50%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $225,000 $225,000 $11,085 7.13%
SYRACUSE, NY (FHA|USDA|VA) 1 $225,000 $225,000 $16,485 5.75%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $215,000 $215,000 $7,369 4.25%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $205,000 $205,000 $11,934 5.99%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,963 3.88%
Marion, IN (FHA|USDA|VA) 1 $205,000 $205,000 $7,937 4.25%
Bellefontaine, OH (FHA|USDA|VA) 1 $205,000 $205,000 $4,059 6.50%
Butte-Silver Bow, MT (FHA|USDA|VA) 1 $205,000 $205,000 $13,758 5.50%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $205,000 $205,000 $8,932 2.88%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $205,000 $205,000 $9,981 4.63%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $195,000 $195,000 $10,228 4.75%
GOLDSBORO, NC (FHA|USDA|VA) 1 $195,000 $195,000 $9,980 4.50%
ELMIRA, NY (FHA|USDA|VA) 1 $195,000 $195,000 $14,010 6.63%
ERIE, PA (FHA|USDA|VA) 1 $195,000 $195,000 $9,717 3.25%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $185,000 $185,000 $6,971 6.75%
Martinsville, VA (FHA|USDA|VA) 1 $185,000 $185,000 $6,458 6.50%
PUEBLO, CO (FHA|USDA|VA) 1 $185,000 $185,000 $7,249 4.88%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $185,000 $185,000 $10,400 6.25%
Hillsdale, MI (FHA|USDA|VA) 1 $185,000 $185,000 $10,446 3.88%
CHARLESTON, WV (FHA|USDA|VA) 1 $185,000 $185,000 $10,436 3.75%
TULSA, OK (FHA|USDA|VA) 1 $185,000 $185,000 $14,440 5.25%
LYNCHBURG, VA (FHA|USDA|VA) 1 $175,000 $175,000 $9,654 4.25%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $175,000 $175,000 $5,716 5.75%
MADISON, WI (FHA|USDA|VA) 1 $175,000 $175,000 $9,199 4.63%
DOTHAN, AL (FHA|USDA|VA) 1 $175,000 $175,000 $6,473 5.50%
Cookeville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $7,290 6.50%
Sulphur Springs, TX (FHA|USDA|VA) 1 $175,000 $175,000 $6,827 5.63%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $175,000 $175,000 $6,381 6.25%
GLENS FALLS, NY (FHA|USDA|VA) 1 $175,000 $175,000 $11,450 4.38%
ROCHESTER, NY (FHA|USDA|VA) 1 $165,000 $165,000 $9,467 4.25%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $165,000 $165,000 $6,723 8.88%
MANHATTAN, KS (FHA|USDA|VA) 1 $165,000 $165,000 $7,408 5.25%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $155,000 $155,000 $8,273 4.63%
TOPEKA, KS (FHA|USDA|VA) 1 $155,000 $155,000 $8,506 4.38%
Bardstown, KY (FHA|USDA|VA) 1 $155,000 $155,000 $4,723 3.75%
Crawfordsville, IN (FHA|USDA|VA) 1 $155,000 $155,000 $7,929 4.38%
TYLER, TX (FHA|USDA|VA) 1 $155,000 $155,000 $5,442 3.88%
Bedford, IN (FHA|USDA|VA) 1 $155,000 $155,000 $7,796 4.75%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $155,000 $155,000 $5,505 3.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $155,000 $155,000 $7,780 3.25%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $155,000 $155,000 $5,772 5.13%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $145,000 $145,000 $7,705 4.75%
Shelby, NC (FHA|USDA|VA) 1 $145,000 $145,000 $8,544 4.63%
Kinston, NC (FHA|USDA|VA) 1 $145,000 $145,000 $7,422 3.50%
Stephenville, TX (FHA|USDA|VA) 1 $145,000 $145,000 $5,998 5.38%
Holland, MI (FHA|USDA|VA) 1 $135,000 $135,000 $4,999 3.63%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $135,000 $135,000 $3,145 5.88%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $135,000 $135,000 $7,304 6.25%
Cañon City, CO (FHA|USDA|VA) 1 $135,000 $135,000 $5,203 4.63%
TUCSON, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $4,725 4.75%
Tupelo, MS (FHA|USDA|VA) 1 $135,000 $135,000 $7,832 5.50%
Madisonville, KY (FHA|USDA|VA) 1 $135,000 $135,000 $7,560 4.38%
Gaffney, SC (FHA|USDA|VA) 1 $135,000 $135,000 $5,041 3.38%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $135,000 $135,000 $6,189 3.88%
Bucyrus-Galion, OH (FHA|USDA|VA) 1 $125,000 $125,000 $6,501 3.25%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $125,000 $125,000 $4,301 4.63%
McMinnville, TN (FHA|USDA|VA) 1 $115,000 $115,000 $6,374 6.50%
KANKAKEE, IL (FHA|USDA|VA) 1 $115,000 $115,000 $8,381 6.63%
Ponca City, OK (FHA|USDA|VA) 1 $105,000 $105,000 $6,678 5.50%
Malone, NY (FHA|USDA|VA) 1 $105,000 $105,000 $5,829 5.63%
Marietta, OH (FHA|USDA|VA) 1 $95,000 $95,000 $5,945 6.63%
ABILENE, TX (FHA|USDA|VA) 1 $85,000 $85,000 $3,149 5.50%
AMARILLO, TX (FHA|USDA|VA) 1 $85,000 $85,000 $3,804 3.88%
Sunbury, PA (FHA|USDA|VA) 1 $65,000 $65,000 $4,084 6.25%
Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $55,000 $55,000 $4,025 4.50%
United Mortgage Corp.'s top markets include New York, Dallas, Scranton, Miami, and Columbus among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,974 $689,220,000 $349,149 $9,780 5.08%
    FHA 781 $293,645,000 $375,986 $17,266 4.85%
    VA 92 $39,120,000 $425,217 $16,284 4.60%
    USDA 6 $1,040,000 $173,333 $8,316 5.17%

    For 2022, United Mortgage Corp.'s most frequently originated type of loan was Conventional, with 1,974 originations. Their 2nd most popular type was FHA, with 781 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,684 $689,510,000 $409,448 $13,635 5.25%
    Cash Out Refi 975 $269,835,000 $276,754 $9,786 4.79%
    Refi 194 $63,680,000 $328,247 $9,549 3.97%

    For 2022, United Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 1,684 originations. The 2nd most popular reason was Cash Out Refi, with 975 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,656 $979,590,000 $368,822 $12,431 5.07%
    15 Year 129 $26,425,000 $204,845 $6,413 3.94%
    20 Year 39 $9,825,000 $251,923 $7,508 4.49%
    Other 25 $6,195,000 $247,800 $7,732 4.28%
    10 Year 4 $990,000 $247,500 $5,504 3.25%

    For 2022, United Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 2,656 originations. The 2nd most popular length was 15 Year, with 129 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,514 $666,130,000 $439,980
    $4k-5k 359 $91,025,000 $253,552
    $1k-2k 352 $120,410,000 $342,074
    $3k-4k 349 $83,935,000 $240,501
    $2k-3k 254 $51,540,000 $202,913
    $<1k 18 $6,670,000 $370,556

    United Mortgage Corp.'s average total fees were $12,431, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,514 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 832 $304,740,000 $366,274
    3-4% 706 $243,410,000 $344,773
    4-5% 660 $237,470,000 $359,803
    6-7% 447 $164,305,000 $367,573
    7-8% 107 $37,615,000 $351,542
    2.5-3% 75 $25,105,000 $334,733
    Over 8% 21 $8,695,000 $414,048
    <2.5% 5 $1,685,000 $337,000

    During 2022, United Mortgage Corp.'s average interest rate for loans was 5.07%, while their most frequently originated rate bucket for loans was 5-6%, with 832 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,127 $334,955,000 $297,209 $10,253 4.97%
    $400k-600k 743 $363,325,000 $488,997 $15,359 5.03%
    $100k-200k 634 $97,550,000 $153,864 $6,601 4.95%
    $600k-1MM 274 $194,710,000 $710,620 $22,516 5.08%
    $100,000 or less 53 $4,335,000 $81,792 $5,544 5.40%
    $1MM+ 22 $28,150,000 $1,279,545 $34,712 5.65%

    2022 saw United Mortgage Corp. place emphasis on $200k-400k loans with 1,127 originations, totaling $334,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 885 $361,845,000 $408,864 $13,417 4.97%
    $75k-100k 579 $177,615,000 $306,762 $10,801 4.85%
    $50k-75k 517 $120,545,000 $233,162 $9,217 4.86%
    $150k-250k 491 $241,845,000 $492,556 $15,881 5.26%
    $50k or less 259 $45,825,000 $176,931 $7,535 5.10%
    $250k+ 120 $74,860,000 $623,833 $14,124 5.40%

    United Mortgage Corp. lent most frequently to those with incomes in the $100k-150k range, with 885 originations. The second most popular income band? $75k-100k, with 579 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 391 $161,085,000 $411,982 $18,023 4.98%
    30-36% 376 $116,500,000 $309,840 $9,368 4.98%
    20-30% 330 $97,080,000 $294,182 $8,641 4.93%
    49% 169 $69,935,000 $413,817 $13,784 4.97%
    44% 143 $53,165,000 $371,783 $11,947 5.02%
    48% 143 $58,355,000 $408,077 $14,029 5.26%
    42% 142 $52,370,000 $368,803 $12,421 4.98%
    45% 139 $55,165,000 $396,871 $12,892 5.08%
    41% 128 $45,620,000 $356,406 $10,848 4.81%
    43% 120 $45,680,000 $380,667 $11,752 4.99%
    47% 116 $45,530,000 $392,500 $13,391 5.02%
    <20% 112 $34,610,000 $309,018 $8,613 4.99%
    46% 99 $38,375,000 $387,626 $12,335 4.91%
    37% 95 $28,965,000 $304,895 $9,451 5.06%
    39% 94 $32,360,000 $344,255 $11,807 5.21%
    40% 85 $32,855,000 $386,529 $11,017 5.16%
    38% 78 $24,220,000 $310,513 $10,110 4.97%
    36% 78 $24,240,000 $310,769 $9,840 5.03%
    >60% 12 $6,200,000 $516,667 $21,390 5.13%

    United Mortgage Corp. lent most frequently to those with DTI ratios of 50-60%, with 391 originations. The next most common DTI ratio? 30-36%, with 376 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,154 $738,430,000 $342,818 $11,211 4.98%
    Black 441 $177,165,000 $401,735 $15,757 5.10%
    Asian 127 $64,075,000 $504,528 $14,156 4.89%
    Not provided 94 $26,380,000 $280,638 $10,159 5.08%
    Asian Indian 22 $11,020,000 $500,909 $13,851 5.28%
    American Indian 3 $1,405,000 $468,333 $17,509 5.21%
    Native Hawaiian or Islander 6 $1,320,000 $220,000 $6,670 4.81%
    Other Pacific Islander 2 $1,260,000 $630,000 $16,990 4.75%
    Chinese 2 $1,190,000 $595,000 $21,547 7.44%
    Other Asian 2 $780,000 $390,000 $14,537 4.69%

    Approval Rates

    Total approvals of all applications
    96.72%

    United Mortgage Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    62.60%

    United Mortgage Corp. 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
    NA 2,853 $1,023,025,000 $358,579

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,853 $1,023,025,000 $358,579

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 75 $15,115,000 $201,533 $7,448 4.84%
    40-60% 394 $100,210,000 $254,340 $8,220 4.81%
    60-80% 1,005 $344,015,000 $342,303 $10,517 4.98%
    80-100% 1,351 $553,545,000 $409,730 $14,413 5.09%
    Over 100% 17 $8,515,000 $500,882 $23,368 4.81%
    Under 20% 11 $1,625,000 $147,727 $9,817 4.27%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Conventional home mortgage Closing on a mortgage 1 100.0%