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 and Cash Out Refi loans. United Mortgage Corp has a high proportion of conventional loans. They have a a high proportion of FHA 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. 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, Dallas, Charleston, and Cincinnati among others. We have data for 160 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 | 6.82% | 3/25/24 |
| 30 Year Conventional Refi | 6.51% | 3/25/24 |
| 30 Year Cash-out Refi | 6.84% | 3/25/24 |
| 30 Year FHA Purchase | 7.41% | 3/25/24 |
| 30 Year FHA Refi | 6.98% | 3/25/24 |
| 30 Year VA Purchase | 6.33% | 3/25/24 |
| 30 Year VA Refi | 6.10% | 3/25/24 |
| 30 Year USDA Purchase | 7.09% | 3/25/24 |
| 30 Year USDA Refi | 5.65% | 3/25/24 |
| 15 Year Conventional Purchase | 6.31% | 3/25/24 |
| 15 Year Conventional Refi | 6.24% | 3/25/24 |
| 15 Year Cash-out Refi | 6.24% | 3/25/24 |
| 15 Year FHA Purchase | 7.74% | 3/25/24 |
| 15 Year FHA Refi | 5.68% | 3/25/24 |
| 15 Year VA Refi | 5.68% | 3/25/24 |
| 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
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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
3,056Origination Dollar Volume (All Markets)
$974,580,000Awards
UNITED MORTGAGE CORP - 2018
UNITED MORTGAGE CORP is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 1,808 | $672,780,000 | $372,113 | $11,908 | 4.92% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 126 | $42,020,000 | $333,492 | $8,527 | 5.11% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 179 | $35,595,000 | $198,855 | $5,873 | 5.19% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 47 | $11,695,000 | $248,830 | $6,883 | 4.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 67 | $11,305,000 | $168,731 | $5,760 | 4.92% |
| COLUMBUS, OH (FHA|USDA|VA) | 67 | $11,235,000 | $167,687 | $5,673 | 4.85% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 27 | $10,315,000 | $382,037 | $12,907 | 4.96% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 38 | $10,020,000 | $263,684 | $7,959 | 5.12% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 23 | $9,385,000 | $408,043 | $12,242 | 5.01% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 31 | $8,565,000 | $276,290 | $9,748 | 5.03% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 32 | $8,070,000 | $252,188 | $8,346 | 5.10% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 34 | $7,640,000 | $224,706 | $7,550 | 4.82% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 36 | $7,340,000 | $203,889 | $6,337 | 5.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 24 | $6,350,000 | $264,583 | $9,034 | 5.30% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 9 | $5,505,000 | $611,667 | $15,498 | 5.13% |
| LOUISVILLE, KY (FHA|USDA|VA) | 27 | $4,805,000 | $177,963 | $6,452 | 4.90% |
| Outside of Metro Areas | 19 | $4,665,000 | $245,526 | $9,436 | 5.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 19 | $4,405,000 | $231,842 | $6,392 | 5.17% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 14 | $3,650,000 | $260,714 | $9,929 | 5.02% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 9 | $3,345,000 | $371,667 | $9,687 | 5.06% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $3,210,000 | $535,000 | $15,125 | 5.29% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 10 | $3,140,000 | $314,000 | $8,773 | 4.79% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 11 | $3,065,000 | $278,636 | $9,192 | 5.17% |
| GREELEY, CO (FHA|USDA|VA) | 10 | $2,960,000 | $296,000 | $8,833 | 4.96% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 10 | $2,820,000 | $282,000 | $8,910 | 4.51% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $2,780,000 | $463,333 | $16,561 | 4.56% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 14 | $2,700,000 | $192,857 | $6,574 | 5.32% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 13 | $2,645,000 | $203,462 | $7,807 | 5.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 7 | $2,395,000 | $342,143 | $8,009 | 4.84% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 10 | $2,380,000 | $238,000 | $9,907 | 4.95% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $2,165,000 | $196,818 | $9,085 | 4.67% |
| READING, PA (FHA|USDA|VA) | 11 | $1,955,000 | $177,727 | $6,765 | 4.85% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 17 | $1,915,000 | $112,647 | $6,871 | 5.24% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 8 | $1,740,000 | $217,500 | $8,607 | 4.58% |
| FORT COLLINS, CO (FHA|USDA|VA) | 6 | $1,700,000 | $283,333 | $6,214 | 4.88% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 6 | $1,490,000 | $248,333 | $7,081 | 5.15% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,415,000 | $471,667 | $11,764 | 5.79% |
| OCALA, FL (FHA|USDA|VA) | 11 | $1,415,000 | $128,636 | $6,028 | 5.63% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 6 | $1,360,000 | $226,667 | $8,812 | 4.58% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 7 | $1,345,000 | $192,143 | $7,131 | 4.95% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 7 | $1,315,000 | $187,857 | $9,026 | 5.21% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 6 | $1,280,000 | $213,333 | $9,314 | 5.48% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $8,161 | 4.90% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 8 | $1,200,000 | $150,000 | $5,047 | 5.36% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $1,145,000 | $229,000 | $11,423 | 4.60% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $9,230 | 4.79% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $7,385 | 4.92% |
| BELLINGHAM, WA (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $12,075 | 4.33% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $9,392 | 4.91% |
| Hudson, NY (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $7,659 | 4.72% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $5,933 | 5.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $8,002 | 4.96% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $6,947 | 4.93% |
| KINGSTON, NY (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $9,578 | 4.91% |
| ROCHESTER, NY (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $10,944 | 4.84% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $9,281 | 4.42% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $7,214 | 5.47% |
| Cañon City, CO (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $8,202 | 4.81% |
| COLUMBIA, SC (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $5,622 | 5.40% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $9,548 | 5.06% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $11,419 | 4.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $7,203 | 5.02% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $7,785 | 4.94% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $7,572 | 5.33% |
| Edwards, CO (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $22,734 | 4.38% |
| Concord, NH (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $11,327 | 5.38% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $5,380 | 5.06% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $6,281 | 5.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $6,424 | 5.31% |
| CHICO, CA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $10,956 | 5.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $4,528 | 5.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $8,142 | 4.31% |
| SALEM, OR (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $9,599 | 5.08% |
| Granbury, TX (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $4,606 | 5.29% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $15,705 | 4.88% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $13,905 | 4.88% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $12,857 | 4.94% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $7,535 | 5.44% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $7,370 | 5.44% |
| Bonham, TX (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $10,724 | 4.75% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,423 | 4.74% |
| DOVER, DE (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $13,064 | 4.69% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $16,620 | 4.88% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $5,763 | 5.46% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,860 | 4.13% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $12,386 | 5.38% |
| BINGHAMTON, NY (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $5,673 | 5.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,370 | 4.93% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $12,582 | 5.00% |
| Amsterdam, NY (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $13,913 | 4.38% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $8,958 | 5.06% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $11,295 | 4.69% |
| Gloversville, NY (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $7,021 | 5.00% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $7,688 | 5.19% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,807 | 5.25% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $13,864 | 5.88% |
| MERCED, CA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,780 | 5.50% |
| Key West, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $20,666 | 4.75% |
| GLENS FALLS, NY (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,811 | 4.88% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,215 | 5.75% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,095 | 4.99% |
| Athens, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,520 | 5.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,839 | 4.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,651 | 4.75% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,218 | 4.81% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,044 | 5.63% |
| Meadville, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 5.27% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,127 | 4.75% |
| Ashland, OH (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,639 | 4.88% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $14,961 | 5.50% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,949 | 5.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,206 | 3.88% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,020 | 5.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,868 | 5.25% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,056 | 4.13% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,063 | 4.25% |
| Sayre, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $12,590 | 4.50% |
| Sonora, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,330 | 5.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,006 | 5.13% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,284 | 4.75% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,422 | 4.13% |
| Urbana, OH (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $6,886 | 5.13% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $6,173 | 4.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $6,383 | 5.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,227 | 5.25% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,430 | 4.25% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $13,495 | 5.25% |
| Durango, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,049 | 4.00% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,749 | 5.13% |
| UTICA-ROME, NY (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $4,434 | 4.94% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,084 | 5.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,532 | 4.25% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,610 | 4.38% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,393 | 5.25% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,482 | 4.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.11% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,869 | 5.38% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,305 | 5.50% |
| Washington, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,814 | 5.88% |
| Laconia, NH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,564 | 4.88% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,925 | 4.88% |
| Marion, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,149 | 5.63% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,589 | 5.50% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,543 | 5.63% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,170 | 4.88% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,104 | 5.00% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,010 | 4.75% |
| Holland, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,617 | 5.63% |
| AKRON, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,989 | 4.25% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,380 | 5.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,851 | 4.50% |
| Coshocton, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,055 | 4.88% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,316 | 4.63% |
| Plattsburgh, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,591 | 4.88% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,160 | 5.38% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,552 | 6.00% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $7,115 | 5.13% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,551 | 5.50% |
| NILES, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,673 | 5.88% |
| Olean, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,953 | 4.75% |
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 2018, United Mortgage Corp's most frequently originated type of loan was Conventional, with 1,708 originations. Their 2nd most popular type was FHA, with 1,150 originations.
Loan Reason
For 2018, United Mortgage Corp's most frequently cited loan purpose was Home Purchase, with 1,777 originations. The 2nd most popular reason was Cash Out Refi, with 1,029 originations.
Loan Duration/Length
For 2018, United Mortgage Corp's most frequently cited loan duration was 30 Year, with 2,810 originations. The 2nd most popular length was 15 Year, with 95 originations.
Origination Fees/Closing Costs
United Mortgage Corp's average total fees were $10,457, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 997 originations.
Interest Rates
During 2018, United Mortgage Corp's average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was 4-5%, with 1,727 originations.
Loan Sizing
2018 saw United Mortgage Corp place emphasis on $200k-400k loans with 1,508 originations, totaling $442,300,000 in origination value.
Applicant Income
United Mortgage Corp lent most frequently to those with incomes in the $100k-150k range, with 863 originations. The second most popular income band? $75k-100k, with 746 originations.
Applicant Debt to Income Ratio
United Mortgage Corp lent most frequently to those with DTI ratios of 50-60%, with 496 originations. The next most common DTI ratio? 30-36%, with 357 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.37%
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 origination41.79%
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 |
|---|---|---|---|
| 7749.39 | 1 | $435,000 | $435,000 |
| NA | 3,055 | $974,145,000 | $318,869 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 36 | $6,270,000 | $174,167 |
| Single Family (1-4 Units):Site-Built | 3,020 | $968,310,000 | $320,632 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED MORTGAGE CORP | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| UNITED MORTGAGE CORP | FHA mortgage | Struggling to pay mortgage | 1 | 33.3% |
| UNITED MORTGAGE CORP | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |