United Mortgage Corp Rates, Fees & Info

MELVILLE, NY

LEI: 5493005ICQ3QGEIWV618

Tax ID: 11-3073502

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, Cash Out Refi, and 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. Their top markets by origination volume include: New York, Dallas, Miami, Los Angeles, and Columbus among others. We have data for 183 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% 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

3,941

Origination Dollar Volume (All Markets)

$1,271,985,000

Awards

UNITED MORTGAGE CORP FHA Loans bronze
Show all (1) 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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2,105 $813,675,000 $386,544 $11,490 4.46%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 265 $57,925,000 $218,585 $5,960 4.52%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 120 $34,860,000 $290,500 $7,397 4.56%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 39 $26,225,000 $672,436 $9,758 4.45%
COLUMBUS, OH (FHA|USDA|VA) 120 $24,720,000 $206,000 $5,877 4.27%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 87 $19,385,000 $222,816 $6,301 4.16%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 95 $17,215,000 $181,211 $5,664 4.29%
COLORADO SPRINGS, CO (FHA|USDA|VA) 60 $15,430,000 $257,167 $6,555 4.27%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 54 $15,180,000 $281,111 $6,527 4.35%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 49 $14,615,000 $298,265 $7,701 4.12%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 47 $13,675,000 $290,957 $8,438 4.20%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 41 $10,225,000 $249,390 $6,460 4.19%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 33 $9,905,000 $300,152 $7,513 4.14%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 37 $9,815,000 $265,270 $9,577 4.43%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 35 $9,495,000 $271,286 $8,618 4.10%
Outside of Metro Areas 35 $9,015,000 $257,571 $6,623 4.60%
LOUISVILLE, KY (FHA|USDA|VA) 44 $8,060,000 $183,182 $5,505 4.31%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 31 $7,655,000 $246,935 $6,964 4.54%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 30 $7,410,000 $247,000 $7,168 3.99%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 24 $7,290,000 $303,750 $8,098 4.25%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 19 $7,225,000 $380,263 $9,315 4.06%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 8 $6,950,000 $868,750 $9,788 4.34%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 17 $5,115,000 $300,882 $10,332 4.44%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 11 $4,975,000 $452,273 $10,795 4.35%
PORT ST. LUCIE, FL (FHA|USDA|VA) 18 $4,810,000 $267,222 $6,417 4.22%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 20 $4,600,000 $230,000 $7,470 4.51%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 13 $4,075,000 $313,462 $9,333 4.02%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 35 $4,015,000 $114,714 $6,191 4.84%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 9 $3,875,000 $430,556 $10,186 4.31%
GREELEY, CO (FHA|USDA|VA) 14 $3,860,000 $275,714 $8,128 4.15%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 16 $3,530,000 $220,625 $7,821 3.91%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 14 $3,410,000 $243,571 $8,736 4.33%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 17 $3,045,000 $179,118 $7,068 4.50%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 9 $2,975,000 $330,556 $6,815 4.08%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 14 $2,840,000 $202,857 $7,098 4.32%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 13 $2,245,000 $172,692 $5,801 4.59%
SALEM, OR (FHA|USDA|VA) 8 $2,210,000 $276,250 $8,755 4.44%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 7 $2,095,000 $299,286 $4,982 3.98%
EAST STROUDSBURG, PA (FHA|USDA|VA) 9 $1,725,000 $191,667 $7,394 4.54%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 7 $1,675,000 $239,286 $6,902 4.20%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 8 $1,600,000 $200,000 $8,042 4.41%
FORT COLLINS, CO (FHA|USDA|VA) 5 $1,505,000 $301,000 $6,764 4.38%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 7 $1,505,000 $215,000 $7,866 4.84%
RALEIGH-CARY, NC (FHA|USDA|VA) 6 $1,430,000 $238,333 $7,020 3.94%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 8 $1,400,000 $175,000 $5,888 4.69%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 7 $1,325,000 $189,286 $6,525 4.25%
SALINAS, CA (FHA|USDA|VA) 1 $1,315,000 $1,315,000 $18,144 6.53%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 6 $1,230,000 $205,000 $7,389 4.13%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 6 $1,210,000 $201,667 $7,670 4.71%
PUNTA GORDA, FL (FHA|USDA|VA) 7 $1,145,000 $163,571 $6,513 4.53%
BEND, OR (FHA|USDA|VA) 4 $1,110,000 $277,500 $10,965 4.44%
Concord, NH (FHA|USDA|VA) 5 $1,055,000 $211,000 $6,040 5.05%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 4 $1,040,000 $260,000 $8,425 4.81%
BELLINGHAM, WA (FHA|USDA|VA) 3 $1,025,000 $341,667 $8,148 4.21%
MODESTO, CA (FHA|USDA|VA) 3 $1,005,000 $335,000 $9,621 4.42%
PANAMA CITY, FL (FHA|USDA|VA) 4 $990,000 $247,500 $12,385 4.28%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 5 $985,000 $197,000 $5,724 3.88%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $970,000 $242,500 $8,679 4.50%
OCALA, FL (FHA|USDA|VA) 6 $960,000 $160,000 $5,204 4.56%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 6 $890,000 $148,333 $5,488 3.77%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $890,000 $222,500 $4,823 3.84%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $870,000 $217,500 $7,731 4.06%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $850,000 $425,000 $3,874 3.75%
Marion, OH (FHA|USDA|VA) 4 $840,000 $210,000 $6,431 4.50%
DAYTON-KETTERING, OH (FHA|USDA|VA) 5 $825,000 $165,000 $6,580 4.68%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 4 $800,000 $200,000 $6,228 4.31%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $800,000 $200,000 $7,729 5.19%
SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $775,000 $258,333 $6,269 4.13%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $770,000 $192,500 $5,471 3.56%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $755,000 $251,667 $5,403 3.50%
CHICO, CA (FHA|USDA|VA) 2 $740,000 $370,000 $7,850 3.94%
PUEBLO, CO (FHA|USDA|VA) 4 $720,000 $180,000 $7,955 4.41%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $715,000 $238,333 $6,725 3.42%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $715,000 $238,333 $6,413 3.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $710,000 $177,500 $5,028 4.06%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $690,000 $345,000 $11,064 4.13%
THE VILLAGES, FL (FHA|USDA|VA) 3 $625,000 $208,333 $6,556 4.21%
LONGVIEW, WA (FHA|USDA|VA) 2 $620,000 $310,000 $8,910 4.06%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $615,000 $205,000 $7,739 3.67%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $600,000 $150,000 $5,315 4.09%
MEDFORD, OR (FHA|USDA|VA) 2 $590,000 $295,000 $5,448 4.81%
ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $575,000 $191,667 $8,874 4.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $550,000 $275,000 $7,722 4.25%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $545,000 $545,000 $6,125 4.63%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $515,000 $171,667 $6,952 3.42%
EVANSVILLE, IN-KY (FHA|USDA|VA) 3 $515,000 $171,667 $4,066 3.92%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $500,000 $250,000 $2,966 3.81%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $495,000 $165,000 $6,311 4.50%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $495,000 $495,000 $16,199 4.13%
GAINESVILLE, FL (FHA|USDA|VA) 2 $490,000 $245,000 $5,057 4.81%
CaƱon City, CO (FHA|USDA|VA) 2 $460,000 $230,000 $4,907 4.00%
TUCSON, AZ (FHA|USDA|VA) 2 $460,000 $230,000 $3,257 4.38%
KINGSTON, NY (FHA|USDA|VA) 2 $460,000 $230,000 $9,281 4.75%
READING, PA (FHA|USDA|VA) 3 $445,000 $148,333 $5,847 3.83%
SPARTANBURG, SC (FHA|USDA|VA) 2 $440,000 $220,000 $4,341 4.13%
GETTYSBURG, PA (FHA|USDA|VA) 1 $435,000 $435,000 $7,272 6.38%
Gloversville, NY (FHA|USDA|VA) 2 $430,000 $215,000 $6,832 4.13%
LAREDO, TX (FHA|USDA|VA) 1 $425,000 $425,000 $10,134 4.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $395,000 $131,667 $5,022 3.92%
Mount Vernon, OH (FHA|USDA|VA) 3 $395,000 $131,667 $4,778 4.71%
WILMINGTON, NC (FHA|USDA|VA) 3 $385,000 $128,333 $4,545 4.00%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 3 $385,000 $128,333 $6,905 4.75%
VALLEJO, CA (FHA|USDA|VA) 1 $365,000 $365,000 $4,262 4.13%
Cookeville, TN (FHA|USDA|VA) 1 $355,000 $355,000 $18,059 3.38%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $355,000 $355,000 $12,836 3.88%
MANSFIELD, OH (FHA|USDA|VA) 2 $350,000 $175,000 $3,205 4.38%
Ellensburg, WA (FHA|USDA|VA) 1 $345,000 $345,000 $4,891 5.88%
STOCKTON, CA (FHA|USDA|VA) 1 $345,000 $345,000 $11,339 3.00%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $330,000 $165,000 $9,283 3.94%
YAKIMA, WA (FHA|USDA|VA) 1 $325,000 $325,000 $9,884 5.63%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $305,000 $305,000 $3,963 4.88%
SUMTER, SC (FHA|USDA|VA) 2 $300,000 $150,000 $5,598 4.19%
FORT WAYNE, IN (FHA|USDA|VA) 2 $300,000 $150,000 $5,333 3.50%
MERCED, CA (FHA|USDA|VA) 2 $300,000 $150,000 $4,695 3.88%
CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $290,000 $145,000 $4,853 3.88%
DOVER, DE (FHA|USDA|VA) 1 $275,000 $275,000 $7,762 4.63%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $275,000 $275,000 $9,457 5.75%
Georgetown, SC (FHA|USDA|VA) 1 $265,000 $265,000 $8,790 4.50%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $265,000 $265,000 $8,089 3.63%
Washington Court House, OH (FHA|USDA|VA) 1 $255,000 $255,000 $8,830 5.13%
BOULDER, CO (FHA|USDA|VA) 1 $255,000 $255,000 $14,412 3.63%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $255,000 $255,000 $7,537 4.50%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $255,000 $255,000 $2,631 3.00%
Sevierville, TN (FHA|USDA|VA) 1 $255,000 $255,000 $7,733 4.50%
Pottsville, PA (FHA|USDA|VA) 3 $255,000 $85,000 $6,442 5.00%
ROCHESTER, NY (FHA|USDA|VA) 2 $250,000 $125,000 $8,671 4.88%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $250,000 $125,000 $5,465 3.81%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $245,000 $245,000 $11,836 4.13%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $245,000 $245,000 $1,925 3.88%
EL PASO, TX (FHA|USDA|VA) 1 $235,000 $235,000 $7,151 4.00%
Bonham, TX (FHA|USDA|VA) 1 $235,000 $235,000 $3,917 3.63%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $235,000 $235,000 $6,865 4.00%
BANGOR, ME (FHA|USDA|VA) 1 $235,000 $235,000 $7,330 4.50%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $235,000 $235,000 $6,744 3.88%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $225,000 $225,000 $2,248 3.88%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $215,000 $215,000 $8,187 5.75%
Zanesville, OH (FHA|USDA|VA) 1 $205,000 $205,000 $8,616 4.13%
Laconia, NH (FHA|USDA|VA) 1 $205,000 $205,000 $9,460 4.00%
Frankfort, KY (FHA|USDA|VA) 1 $205,000 $205,000 $5,100 4.38%
TYLER, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,949 4.38%
Shelbyville, TN (FHA|USDA|VA) 1 $195,000 $195,000 $5,896 3.75%
McMinnville, TN (FHA|USDA|VA) 1 $195,000 $195,000 $7,849 4.00%
VISALIA, CA (FHA|USDA|VA) 1 $195,000 $195,000 $6,811 3.75%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $195,000 $195,000 $7,464 5.13%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $185,000 $185,000 $2,610 3.75%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $175,000 $175,000 $7,756 3.88%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $175,000 $175,000 $6,130 3.50%
KNOXVILLE, TN (FHA|USDA|VA) 1 $175,000 $175,000 $5,109 4.88%
Newport, OR (FHA|USDA|VA) 1 $175,000 $175,000 $9,018 3.38%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $165,000 $165,000 $5,717 4.63%
Okeechobee, FL (FHA|USDA|VA) 1 $165,000 $165,000 $9,192 5.13%
Gainesville, TX (FHA|USDA|VA) 1 $165,000 $165,000 $9,311 5.00%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $165,000 $165,000 $7,196 3.63%
Vincennes, IN (FHA|USDA|VA) 1 $155,000 $155,000 $8,363 5.13%
ROCKFORD, IL (FHA|USDA|VA) 1 $155,000 $155,000 $6,523 3.88%
Lawrenceburg, TN (FHA|USDA|VA) 1 $155,000 $155,000 $10,982 3.50%
Mineral Wells, TX (FHA|USDA|VA) 1 $155,000 $155,000 $6,677 4.00%
SYRACUSE, NY (FHA|USDA|VA) 1 $155,000 $155,000 $7,423 4.13%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $145,000 $145,000 $3,121 3.50%
Mount Vernon, IL (FHA|USDA|VA) 1 $145,000 $145,000 $1,803 3.75%
Effingham, IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,375 3.75%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $135,000 $135,000 $8,127 4.25%
COLUMBIA, SC (FHA|USDA|VA) 1 $135,000 $135,000 $5,523 6.13%
KOKOMO, IN (FHA|USDA|VA) 1 $125,000 $125,000 $5,161 3.50%
Athens, TN (FHA|USDA|VA) 1 $125,000 $125,000 $4,464 4.88%
FLINT, MI (FHA|USDA|VA) 1 $115,000 $115,000 $4,391 5.00%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $115,000 $115,000 $5,465 3.75%
ALTOONA, PA (FHA|USDA|VA) 1 $105,000 $105,000 $5,801 5.13%
Prineville, OR (FHA|USDA|VA) 1 $105,000 $105,000 $5,019 3.50%
Sterling, IL (FHA|USDA|VA) 1 $105,000 $105,000 $5,345 3.50%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $105,000 $105,000 $6,628 3.75%
BINGHAMTON, NY (FHA|USDA|VA) 1 $95,000 $95,000 $6,759 4.00%
North Vernon, IN (FHA|USDA|VA) 1 $95,000 $95,000 $2,147 3.50%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $95,000 $95,000 $2,192 3.50%
Bucyrus-Galion, OH (FHA|USDA|VA) 1 $95,000 $95,000 $2,576 3.75%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $85,000 $85,000 $2,789 3.88%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $75,000 $75,000 $6,833 4.13%
NEW BERN, NC (FHA|USDA|VA) 1 $75,000 $75,000 $3,483 4.75%
PITTSBURGH, PA (FHA|USDA|VA) 1 $75,000 $75,000 $5,939 4.75%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $65,000 $65,000 $2,560 4.75%
Athens, TX (FHA|USDA|VA) 1 $65,000 $65,000 $1,909 4.38%
LANCASTER, PA (FHA|USDA|VA) 1 $55,000 $55,000 $3,444 4.75%
United Mortgage Corp's top markets include New York, Dallas, Miami, Los Angeles, 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)
  • California (FHA|USDA|VA)
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    Similarity Rank: 56
    US COMMUNITY
    Similarity Rank: 64
    Schuyler Savings Bank
    Similarity Rank: 104
    MID-HUDSON VALLEY
    Similarity Rank: 114
    Union County Savings Bank
    Similarity Rank: 150
    Prudential Bank
    Similarity Rank: 162
    POWER FINANCIAL
    Similarity Rank: 188

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,238 $726,160,000 $324,468 $7,457 4.51%
    FHA 1,379 $457,255,000 $331,584 $12,763 4.30%
    VA 292 $78,700,000 $269,521 $7,845 4.01%
    FHA 29 $9,255,000 $319,138 $0 6.99%
    USDA 3 $615,000 $205,000 $4,946 4.00%

    For 2019, United Mortgage Corp's most frequently originated type of loan was Conventional, with 2,238 originations. Their 2nd most popular type was FHA, with 1,379 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,764 $608,070,000 $344,711 $10,450 4.51%
    Cash Out Refi 1,366 $392,940,000 $287,657 $8,975 4.44%
    Refi 806 $268,450,000 $333,065 $7,580 4.09%
    Other 5 $2,525,000 $505,000 $0 6.99%

    For 2019, United Mortgage Corp's most frequently cited loan purpose was Home Purchase, with 1,764 originations. The 2nd most popular reason was Cash Out Refi, with 1,366 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,568 $1,177,920,000 $330,135 $9,647 4.43%
    15 Year 158 $33,400,000 $211,392 $5,869 3.98%
    Other 119 $37,915,000 $318,613 $7,125 4.27%
    20 Year 89 $21,445,000 $240,955 $6,386 4.20%
    10 Year 7 $1,305,000 $186,429 $5,458 4.18%

    For 2019, United Mortgage Corp's most frequently cited loan duration was 30 Year, with 3,568 originations. The 2nd most popular length was 15 Year, with 158 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,230 $367,050,000 $298,415
    $5k+ 1,035 $463,715,000 $448,034
    $2k-3k 494 $109,650,000 $221,964
    $3k-4k 483 $119,655,000 $247,733
    $4k-5k 396 $114,440,000 $288,990
    $<1k 264 $82,560,000 $312,727

    United Mortgage Corp's average total fees were $9,647, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,230 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,014 $645,670,000 $320,591
    3-4% 1,291 $410,505,000 $317,974
    5-6% 551 $184,775,000 $335,345
    6-7% 27 $13,365,000 $495,000
    2.5-3% 16 $4,330,000 $270,625
    7-8% 8 $3,790,000 $473,750
    Over 8% 6 $1,750,000 $291,667

    During 2019, United Mortgage Corp's average interest rate for loans was 4.43%, while their most frequently originated rate bucket for loans was 4-5%, with 2,014 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,915 $565,965,000 $295,543 $8,769 4.34%
    $100k-200k 852 $130,680,000 $153,380 $5,726 4.43%
    $400k-600k 836 $397,120,000 $475,024 $12,443 4.39%
    $600k-1MM 202 $140,760,000 $696,832 $19,016 4.62%
    $100,000 or less 118 $9,620,000 $81,525 $3,929 4.70%
    $1MM+ 18 $27,840,000 $1,546,667 $27,148 5.37%

    2019 saw United Mortgage Corp place emphasis on $200k-400k loans with 1,915 originations, totaling $565,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,110 $402,700,000 $362,793 $10,394 4.40%
    $75k-100k 870 $260,260,000 $299,149 $9,601 4.39%
    $50k-75k 708 $159,780,000 $225,678 $7,764 4.41%
    $50k or less 585 $139,885,000 $239,120 $6,885 4.25%
    $150k-250k 519 $224,925,000 $433,382 $11,007 4.46%
    $250k+ 134 $79,660,000 $594,478 $11,671 4.81%

    United Mortgage Corp lent most frequently to those with incomes in the $100k-150k range, with 1,110 originations. The second most popular income band? $75k-100k, with 870 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 532 $161,590,000 $303,741 $7,970 4.45%
    50-60% 505 $184,515,000 $365,376 $14,253 4.30%
    20-30% 450 $119,990,000 $266,644 $6,831 4.30%
    <20% 369 $118,015,000 $319,824 $7,423 4.15%
    49% 235 $80,465,000 $342,404 $10,595 4.50%
    44% 208 $70,050,000 $336,779 $9,464 4.52%
    43% 162 $52,330,000 $323,025 $8,613 4.53%
    42% 157 $51,315,000 $326,847 $9,359 4.57%
    45% 152 $51,480,000 $338,684 $10,118 4.53%
    47% 150 $51,600,000 $344,000 $9,892 4.44%
    48% 145 $50,565,000 $348,724 $10,781 4.48%
    46% 144 $52,970,000 $367,847 $10,441 4.39%
    40% 135 $41,435,000 $306,926 $8,088 4.43%
    41% 123 $40,865,000 $332,236 $9,078 4.48%
    39% 119 $38,225,000 $321,218 $8,711 4.44%
    38% 113 $35,605,000 $315,088 $8,607 4.48%
    36% 104 $30,580,000 $294,038 $7,532 4.36%
    37% 102 $30,190,000 $295,980 $8,407 4.41%
    >60% 2 $430,000 $215,000 $10,731 5.63%

    United Mortgage Corp lent most frequently to those with DTI ratios of 30-36%, with 532 originations. The next most common DTI ratio? 50-60%, with 505 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,844 $890,390,000 $313,077 $8,743 4.38%
    Black 592 $215,970,000 $364,814 $12,315 4.44%
    Not provided 346 $103,130,000 $298,064 $8,613 4.44%
    Asian 118 $45,910,000 $389,068 $10,863 4.51%
    Asian Indian 17 $7,425,000 $436,765 $11,367 4.63%
    American Indian 13 $4,485,000 $345,000 $10,223 4.31%
    Other Pacific Islander 6 $2,750,000 $458,333 $10,687 4.31%
    Native Hawaiian or Islander 3 $945,000 $315,000 $6,243 4.50%
    Not applicable 1 $605,000 $605,000 $28,867 4.75%
    Filipino 1 $375,000 $375,000 $10,109 3.50%

    Approval Rates

    Total approvals of all applications
    96.62%

    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
    56.25%

    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 3,941 $1,271,985,000 $322,757

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 35 $6,585,000 $188,143
    Single Family (1-4 Units):Site-Built 3,906 $1,265,400,000 $323,963

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 95 $23,345,000 $245,737 $8,035 4.38%
    40-60% 316 $83,600,000 $264,557 $7,403 4.35%
    60-80% 1,295 $415,815,000 $321,093 $8,269 4.52%
    80-100% 2,172 $728,970,000 $335,622 $10,280 4.34%
    Over 100% 49 $16,965,000 $346,224 $12,933 4.29%
    Under 20% 12 $2,220,000 $185,000 $6,022 4.53%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    United Military Mortgage, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 3 100.0%