Highlands Union Bank Mortgage Rates, Fees & Info
Abingdon, VALEI: 54930069QAPP42MQ8417
Tax ID: 54-1246293
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Highlands Union Bank is a smaller bank specializing in Home Purchase and Refi loans. Highlands Union Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boone, Kingsport, Knoxville, Raleigh, and Sevierville among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Highlands Union Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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.
Originations
160Origination Dollar Volume (All Markets)
$33,640,000Top 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 |
|---|---|---|---|---|---|
| Boone, NC (FHA|USDA|VA) | 32 | $8,260,000 | $258,125 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 49 | $8,005,000 | $163,367 | $0 | 0.00% |
| Outside of Metro Areas | 36 | $5,520,000 | $153,333 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 6 | $3,760,000 | $626,667 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 11 | $2,505,000 | $227,727 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 7 | $1,145,000 | $163,571 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| North Wilkesboro, NC (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Highlands Union Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 135
Similarity Rank: 272
Similarity Rank: 325
Similarity Rank: 880
Similarity Rank: 1030
Similarity Rank: 1050
Similarity Rank: 1632
Similarity Rank: 1820
Similarity Rank: 1827
Similarity Rank: 2115
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 160 | $33,640,000 | $210,250 | $0 | 0.00% |
For 2019, Highlands Union Bank's most frequently originated type of loan was Conventional, with 160 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 88 | $20,940,000 | $237,955 | $0 | 0.00% |
| Refi | 71 | $12,455,000 | $175,423 | $0 | 0.00% |
| Home Improvement | 1 | $245,000 | $245,000 | $0 | 0.00% |
For 2019, Highlands Union Bank's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Refi, with 71 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 160 | $33,640,000 | $210,250 | $0 | 0.00% |
For 2019, Highlands Union Bank's most frequently cited loan duration was Other, with 160 originations.
Loan Sizing
2019 saw Highlands Union Bank place emphasis on $100,000 or less loans with 50 originations, totaling $3,240,000 in origination value.
Applicant Income
Highlands Union Bank lent most frequently to those with incomes in the $50k or less range, with 41 originations. The second most popular income band? $75k-100k, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 160 | $33,640,000 | $210,250 | $0 | 0.00% |
Highlands Union Bank lent most frequently to those with DTI ratios of Exempt%, with 160 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.38%
Highlands Union Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination96.88%
Highlands Union Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 160 | $33,640,000 | $210,250 |