United Community Bank Mortgage Rates, Fees & Info

Poynette, WI

LEI: 5493006F76Q4E2E2RJ61

Tax ID: 39-0148050

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    United Community Bank is a smaller bank specializing in Home Purchase and Refi loans. United Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Baraboo, Watertown, Whitewater, and Milwaukee among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    United Community Bank 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 Community Bank is typically a low 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.

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    Originations

    93

    Origination Dollar Volume (All Markets)

    $17,545,000

    Awards

    United Community Bank 30 Year Conventional Loans gold United Community Bank 30 Year Conventional Loans gold
    Show all (2) 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
    MADISON, WI (FHA|USDA|VA) 64 $11,590,000 $181,094 $1,454 4.67%
    Outside of Metro Areas 12 $2,200,000 $183,333 $1,293 4.55%
    Baraboo, WI (FHA|USDA|VA) 3 $1,305,000 $435,000 $0 5.17%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 8 $1,140,000 $142,500 $1,178 4.80%
    Whitewater, WI (FHA|USDA|VA) 3 $865,000 $288,333 $1,473 4.79%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $305,000 $305,000 $2,216 4.50%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $140,000 $70,000 $364 4.50%
    United Community Bank's top markets include Madison, Baraboo, Watertown, Whitewater, and Milwaukee among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against United Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    HERITAGE CREDIT UNION
    Similarity Rank: 78
    United Community Bank
    Similarity Rank: 147
    Landmark Credit Union
    Similarity Rank: 192
    State Bank of Cross Plains
    Similarity Rank: 207
    Mound City Bank
    Similarity Rank: 280
    Farmers and Merchants Union Bank
    Similarity Rank: 288
    The First National Bank and Trust Company
    Similarity Rank: 289
    Heartland Credit Union (Madison)
    Similarity Rank: 403
    Oregon Community Bank
    Similarity Rank: 407
    Summit Credit Union
    Similarity Rank: 555

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 93 $17,545,000 $188,656 $1,389 4.68%

    For 2018, United Community Bank's most frequently originated type of loan was Conventional, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 49 $10,895,000 $222,347 $1,592 4.67%
    Refi 30 $5,240,000 $174,667 $994 4.62%
    Cash Out Refi 8 $1,190,000 $148,750 $1,858 4.59%
    Home Improvement 5 $185,000 $37,000 $522 5.40%
    Other 1 $35,000 $35,000 $364 4.50%

    For 2018, United Community Bank's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 34 $6,980,000 $205,294 $1,532 4.54%
    5 Year 21 $4,925,000 $234,524 $534 4.94%
    1 Year 14 $2,400,000 $171,429 $239 4.88%
    20 Year 8 $1,600,000 $200,000 $1,442 4.30%
    3 Year 6 $830,000 $138,333 $0 4.87%
    Other 5 $215,000 $43,000 $574 5.00%
    15 Year 4 $560,000 $140,000 $1,858 4.03%
    10 Year 1 $35,000 $35,000 $364 4.50%

    For 2018, United Community Bank's most frequently cited loan duration was 30 Year, with 34 originations. The 2nd most popular length was 5 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 49 $8,425,000 $171,939
    $1k-2k 5 $1,145,000 $229,000

    United Community Bank's average total fees were $1,532, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 49 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 73 $13,955,000 $191,164
    5-6% 15 $2,995,000 $199,667
    3-4% 5 $595,000 $119,000

    During 2018, United Community Bank's average interest rate for loans was 4.54%, while their most frequently originated rate bucket for loans was 4-5%, with 73 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 29 $4,015,000 $138,448 $1,443 4.64%
    $100,000 or less 27 $1,525,000 $56,481 $1,052 4.76%
    $200k-400k 27 $6,765,000 $250,556 $1,591 4.72%
    $400k-600k 7 $3,085,000 $440,714 $1,609 4.46%
    $600k-1MM 3 $2,155,000 $718,333 $0 4.67%

    2018 saw United Community Bank place emphasis on $100k-200k loans with 29 originations, totaling $4,015,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 17 $2,165,000 $127,353 $1,247 4.73%
    $100k-150k 15 $2,275,000 $151,667 $1,224 4.81%
    $150k-250k 14 $3,450,000 $246,429 $1,745 4.42%
    $75k-100k 12 $1,770,000 $147,500 $1,435 4.86%
    $50k or less 8 $690,000 $86,250 $1,301 4.34%
    $250k+ 6 $1,680,000 $280,000 $1,440 4.58%

    United Community Bank lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 23 $3,855,000 $167,609 $1,471 4.52%
    30-36% 19 $2,715,000 $142,895 $1,073 4.74%
    <20% 8 $1,910,000 $238,750 $2,037 4.23%
    43% 4 $770,000 $192,500 $1,678 4.56%
    50-60% 4 $550,000 $137,500 $0 5.29%
    40% 3 $405,000 $135,000 $1,373 4.75%
    36% 3 $525,000 $175,000 $960 4.17%
    38% 2 $390,000 $195,000 $833 4.94%
    >60% 2 $440,000 $220,000 $0 4.88%
    41% 1 $165,000 $165,000 $906 4.50%
    42% 1 $5,000 $5,000 $553 6.00%
    39% 1 $155,000 $155,000 $0 5.63%
    47% 1 $145,000 $145,000 $1,682 5.00%

    United Community Bank lent most frequently to those with DTI ratios of 20-30%, with 23 originations. The next most common DTI ratio? 30-36%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 72 $12,030,000 $167,083 $1,389 4.65%
    Not applicable 21 $5,515,000 $262,619 $0 4.79%

    Approval Rates

    Total approvals of all applications
    92.04%

    United Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.17%

    United Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $25,000 $25,000
    NA 92 $17,520,000 $190,435

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,775,000 $591,667
    Single Family (1-4 Units):Manufactured 2 $160,000 $80,000
    Single Family (1-4 Units):Site-Built 88 $15,610,000 $177,386

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $1,130,000 $141,250 $1,334 4.40%
    40-60% 19 $3,975,000 $209,211 $1,170 4.58%
    60-80% 44 $8,610,000 $195,682 $1,730 4.73%
    80-100% 16 $3,690,000 $230,625 $1,386 4.56%
    Under 20% 6 $140,000 $23,333 $573 5.38%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Other type of mortgage Trouble during payment process 1 25.0%
    UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 1 25.0%
    UNITED COMMUNITY BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    UNITED COMMUNITY BANK Other type of mortgage Struggling to pay mortgage 1 25.0%