United Mortgage Corp Rates, Fees & Info
MELVILLE, NYLEI: 5493005ICQ3QGEIWV618
Tax ID: 11-3073502
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Mortgage Data
Review & Overview
United Mortgage Corp is a smaller mortgage company specializing in Home Purchase loans. United Mortgage Corp has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Miami, Scranton, Dallas, and Philadelphia among others. We have data for 155 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.34% | 4/5/25 |
| 30 Year Conventional Refi | 7.11% | 4/5/25 |
| 30 Year Cash-out Refi | 7.40% | 4/5/25 |
| 30 Year FHA Purchase | 7.56% | 4/5/25 |
| 30 Year FHA Refi | 7.43% | 4/5/25 |
| 30 Year VA Purchase | 6.92% | 4/5/25 |
| 30 Year VA Refi | 6.22% | 4/5/25 |
| 30 Year USDA Purchase | 6.96% | 4/5/25 |
| 15 Year Conventional Purchase | 6.97% | 4/5/25 |
| 15 Year Conventional Refi | 6.29% | 4/5/25 |
| 15 Year Cash-out Refi | 6.29% | 4/5/25 |
| 15 Year FHA Refi | 6.34% | 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 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
2,042Origination Dollar Volume (All Markets)
$875,550,000Awards
UNITED MORTGAGE CORP - 2024
UNITED MORTGAGE CORP 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 Mortgage Corp's average 30 year fixed mortgage rate was
6.93%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.38%.
Relative Fees (Closing Costs)
United Mortgage Corp's average total fees/closing costs for a 30 year fixed rate
mortgage were $15,636.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1,060 | $595,430,000 | $561,726 | $19,034 | 6.90% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 54 | $26,910,000 | $498,333 | $16,972 | 6.91% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 137 | $25,275,000 | $184,489 | $8,624 | 6.83% |
| Outside of Metro Areas | 73 | $24,955,000 | $341,849 | $13,266 | 6.96% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 92 | $24,350,000 | $264,674 | $10,513 | 6.94% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 35 | $10,935,000 | $312,429 | $11,613 | 6.94% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 36 | $9,660,000 | $268,333 | $11,507 | 6.93% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 26 | $8,700,000 | $334,615 | $13,985 | 7.23% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 20 | $7,860,000 | $393,000 | $11,317 | 6.84% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 20 | $7,720,000 | $386,000 | $13,159 | 6.84% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 25 | $6,685,000 | $267,400 | $10,679 | 7.02% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 29 | $6,025,000 | $207,759 | $9,740 | 6.82% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 19 | $5,915,000 | $311,316 | $11,042 | 7.17% |
| COLUMBUS, OH (FHA|USDA|VA) | 25 | $5,205,000 | $208,200 | $9,549 | 6.87% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 16 | $5,110,000 | $319,375 | $13,762 | 6.72% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 11 | $4,715,000 | $428,636 | $12,789 | 6.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 13 | $4,395,000 | $338,077 | $13,362 | 7.40% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 10 | $4,250,000 | $425,000 | $15,780 | 6.23% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 8 | $4,140,000 | $517,500 | $15,387 | 7.47% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 11 | $3,445,000 | $313,182 | $13,479 | 6.64% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 10 | $3,380,000 | $338,000 | $13,800 | 7.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 10 | $3,320,000 | $332,000 | $11,700 | 6.44% |
| Pottsville, PA (FHA|USDA|VA) | 23 | $3,085,000 | $134,130 | $6,947 | 6.80% |
| LOUISVILLE, KY (FHA|USDA|VA) | 13 | $2,695,000 | $207,308 | $9,941 | 6.76% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 8 | $2,640,000 | $330,000 | $12,828 | 6.61% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 10 | $2,360,000 | $236,000 | $11,976 | 7.03% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $2,230,000 | $278,750 | $11,029 | 6.83% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 5 | $2,015,000 | $403,000 | $17,303 | 7.43% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 7 | $1,875,000 | $267,857 | $12,343 | 6.66% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $13,248 | 7.48% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $1,700,000 | $283,333 | $14,778 | 6.54% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 7 | $1,685,000 | $240,714 | $10,199 | 7.55% |
| OCALA, FL (FHA|USDA|VA) | 7 | $1,665,000 | $237,857 | $12,054 | 6.59% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $1,635,000 | $327,000 | $15,279 | 7.20% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,450,000 | $362,500 | $8,855 | 7.19% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $13,181 | 7.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $12,451 | 6.48% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $10,662 | 6.81% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $14,371 | 7.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $16,653 | 6.38% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $16,348 | 7.08% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $8,515 | 6.50% |
| GLENS FALLS, NY (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $13,572 | 7.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $18,672 | 7.33% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $8,666 | 6.13% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $7,525 | 6.94% |
| READING, PA (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $9,069 | 6.97% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $9,359 | 6.81% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $14,535 | 7.31% |
| BINGHAMTON, NY (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $10,618 | 6.81% |
| SALEM, OR (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $21,052 | 6.69% |
| Okeechobee, FL (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $15,567 | 7.06% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $16,390 | 6.75% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $8,171 | 7.13% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $30,786 | 6.25% |
| Athens, TX (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $15,034 | 7.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $12,721 | 6.31% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $10,090 | 6.59% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $6,236 | 5.53% |
| WICHITA, KS (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $8,013 | 7.08% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $14,261 | 5.75% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $31,913 | 5.63% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $8,828 | 7.69% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $11,945 | 6.31% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $10,196 | 8.75% |
| Pahrump, NV (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $9,726 | 6.94% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $9,337 | 7.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $12,578 | 6.81% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $8,818 | 6.87% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $15,790 | 6.44% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $9,969 | 7.04% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $18,104 | 8.25% |
| Centralia, WA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $7,271 | 6.99% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $6,092 | 7.06% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $9,918 | 7.31% |
| Stephenville, TX (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $8,720 | 7.13% |
| Mount Vernon, OH (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $9,277 | 6.69% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,251 | 7.50% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $23,202 | 6.50% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $17,091 | 6.25% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $16,361 | 6.75% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $10,071 | 6.88% |
| Bonham, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $6,860 | 6.63% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $19,823 | 6.75% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $19,380 | 6.75% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $13,014 | 5.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,860 | 6.63% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $22,115 | 5.88% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $14,236 | 6.25% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $17,384 | 5.75% |
| Concord, NH (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $15,255 | 6.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $15,228 | 6.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,157 | 7.38% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,395 | 6.63% |
| Granbury, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,243 | 6.99% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $12,028 | 7.50% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $12,236 | 7.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,020 | 6.88% |
| DOVER, DE (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,883 | 6.99% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,360 | 6.75% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,259 | 7.49% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $18,902 | 6.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $17,554 | 7.25% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $20,072 | 6.00% |
| Levelland, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,836 | 7.50% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,261 | 5.75% |
| Clarksburg, WV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $17,495 | 7.25% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,171 | 5.75% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,921 | 7.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,969 | 7.38% |
| Auburn, NY (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $8,081 | 7.25% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $6,551 | 6.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,970 | 6.38% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,671 | 7.13% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $13,658 | 7.13% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $15,749 | 6.75% |
| Washington, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,722 | 7.63% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,768 | 6.25% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 8.38% |
| Central City, KY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $16,170 | 5.75% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,114 | 6.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,938 | 6.75% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,266 | 7.13% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,888 | 7.00% |
| AKRON, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $14,254 | 6.25% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,204 | 7.13% |
| MONROE, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,548 | 7.50% |
| NILES, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,897 | 6.88% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,909 | 6.99% |
| Laconia, NH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,903 | 7.50% |
| Lake City, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $14,984 | 7.88% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $12,391 | 7.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,829 | 7.25% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.63% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,875 | 7.63% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,200 | 6.88% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $12,059 | 7.25% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,906 | 6.63% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,303 | 6.63% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,467 | 6.49% |
| Scottsburg, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,493 | 7.50% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,483 | 6.25% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,310 | 7.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $9,404 | 6.50% |
| Batavia, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,064 | 5.88% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,333 | 7.63% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,691 | 6.75% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,621 | 6.63% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,835 | 6.75% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,848 | 7.25% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,060 | 7.00% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $8,202 | 7.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $8,010 | 7.25% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,379 | 6.88% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,560 | 7.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against UNITED MORTGAGE CORP 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 Mortgage Corp's most frequently originated type of loan was Conventional, with 1,307 originations. Their 2nd most popular type was FHA, with 669 originations.
Loan Reason
For 2024, United Mortgage Corp's most frequently cited loan purpose was Home Purchase, with 1,549 originations. The 2nd most popular reason was Cash Out Refi, with 407 originations.
Loan Duration/Length
For 2024, United Mortgage Corp's most frequently cited loan duration was 30 Year, with 1,960 originations. The 2nd most popular length was 20 Year, with 33 originations.
Origination Fees/Closing Costs
United Mortgage Corp's average total fees were $15,636, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,257 originations.
Interest Rates
During 2024, United Mortgage Corp's average interest rate for loans was 6.93%, while their most frequently originated rate bucket for loans was 6-7%, with 1,123 originations.
Loan Sizing
2024 saw United Mortgage Corp place emphasis on $200k-400k loans with 637 originations, totaling $189,835,000 in origination value.
Applicant Income
United Mortgage Corp lent most frequently to those with incomes in the $150k-250k range, with 582 originations. The second most popular income band? $100k-150k, with 551 originations.
Applicant Debt to Income Ratio
United Mortgage Corp lent most frequently to those with DTI ratios of 50-60%, with 338 originations. The next most common DTI ratio? 49%, with 203 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.20%
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 origination55.24%
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 | 2,042 | $875,550,000 | $428,771 |