United Premier Funding Mortgage Rates, Fees & Info

DULUTH, GA

LEI: 5493007PAE4JN4B5BX31

Tax ID: 45-2965086

5 stars

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

Review & Overview

United Premier Funding is a smaller mortgage company specializing in loans. United Premier Funding has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Nashville, Charlotte, Orlando, and Chattanooga among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)

United Premier Funding 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 Premier Funding 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.

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	6.74%	3/28/23
30 Year Conventional Refi	6.36%	3/28/23
30 Year Cash-out Refi	7.07%	3/28/23
15 Year Conventional Purchase	6.31%	3/28/23
15 Year Conventional Refi	6.33%	3/28/23
15 Year Cash-out Refi	6.33%	3/28/23
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.

Originations

188

Origination Dollar Volume (All Markets)

$54,820,000

Relative Rate

United Premier Funding's average 30 year fixed mortgage rate was 4.95%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.19%.

Relative Fees (Closing Costs)

United Premier Funding's average total fees/closing costs for a 30 year fixed rate mortgage were $4,447.

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 $4,750.

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	70	$20,380,000	$291,143	$4,103	4.88%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA\|USDA\|VA)	21	$8,355,000	$397,857	$4,753	4.91%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	7	$2,545,000	$363,571	$5,338	4.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	9	$2,515,000	$279,444	$4,984	4.83%
CHATTANOOGA, TN-GA (FHA\|USDA\|VA)	8	$2,200,000	$275,000	$4,567	4.42%
FAYETTEVILLE, NC (FHA\|USDA\|VA)	10	$2,130,000	$213,000	$4,096	5.11%
JACKSONVILLE, FL (FHA\|USDA\|VA)	5	$1,605,000	$321,000	$5,436	5.02%
CLARKSVILLE, TN-KY (FHA\|USDA\|VA)	4	$1,290,000	$322,500	$4,718	4.53%
RALEIGH-CARY, NC (FHA\|USDA\|VA)	4	$1,200,000	$300,000	$3,827	3.56%
GREENSBORO-HIGH POINT, NC (FHA\|USDA\|VA)	4	$1,030,000	$257,500	$4,018	5.06%
KNOXVILLE, TN (FHA\|USDA\|VA)	3	$935,000	$311,667	$4,262	5.67%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	4	$930,000	$232,500	$4,352	5.09%
WINSTON-SALEM, NC (FHA\|USDA\|VA)	3	$905,000	$301,667	$3,705	5.96%
GAINESVILLE, GA (FHA\|USDA\|VA)	3	$895,000	$298,333	$3,665	5.96%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	3	$855,000	$285,000	$5,034	4.92%
Jefferson, GA (FHA\|USDA\|VA)	3	$795,000	$265,000	$4,837	6.25%
SHREVEPORT-BOSSIER CITY, LA (FHA\|USDA\|VA)	4	$750,000	$187,500	$4,058	4.22%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	2	$550,000	$275,000	$4,759	3.88%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	2	$540,000	$270,000	$4,381	4.13%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	2	$460,000	$230,000	$6,599	5.13%
GOLDSBORO, NC (FHA\|USDA\|VA)	1	$385,000	$385,000	$3,871	5.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	1	$355,000	$355,000	$5,138	5.50%
Crossville, TN (FHA\|USDA\|VA)	1	$325,000	$325,000	$3,879	3.25%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	1	$315,000	$315,000	$5,567	3.88%
MOBILE, AL (FHA\|USDA\|VA)	1	$285,000	$285,000	$3,927	4.50%
COLUMBUS, GA-AL (FHA\|USDA\|VA)	2	$280,000	$140,000	$3,698	4.25%
JACKSONVILLE, NC (FHA\|USDA\|VA)	1	$275,000	$275,000	$3,965	3.25%
ATHENS-CLARKE COUNTY, GA (FHA\|USDA\|VA)	1	$265,000	$265,000	$5,524	3.75%
Sanford, NC (FHA\|USDA\|VA)	1	$235,000	$235,000	$3,785	3.50%
BIRMINGHAM-HOOVER, AL (FHA\|USDA\|VA)	1	$225,000	$225,000	$4,189	3.88%
PANAMA CITY, FL (FHA\|USDA\|VA)	1	$215,000	$215,000	$4,641	6.13%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	1	$215,000	$215,000	$3,605	6.13%
Tullahoma-Manchester, TN (FHA\|USDA\|VA)	1	$185,000	$185,000	$3,855	5.38%
ANNISTON-OXFORD, AL (FHA\|USDA\|VA)	1	$155,000	$155,000	$3,543	4.13%
PORT ST. LUCIE, FL (FHA\|USDA\|VA)	1	$125,000	$125,000	$3,748	3.75%
HINESVILLE, GA (FHA\|USDA\|VA)	1	$115,000	$115,000	$3,650	4.38%

United Premier Funding's top markets include Atlanta, Nashville, Charlotte, Orlando, and Chattanooga among others.

Their top states include:

Georgia (FHA|USDA|VA)

Tennessee (FHA|USDA|VA)

North Carolina (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Louisiana (FHA|USDA|VA)

Similar Lenders

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

KELLEY MORTGAGE, LLC
Similarity Rank: 420

US COMMUNITY
Similarity Rank: 490

Credence Funding Corporation
Similarity Rank: 553

TENNESSEE TRUST MORTGAGE, INC
Similarity Rank: 833

Financial Federal Bank
Similarity Rank: 987

Leaders Credit Union
Similarity Rank: 1085

U S WIDE FINANCIAL LLC
Similarity Rank: 1104

AMERICAN HOME MORTGAGE, INC.
Similarity Rank: 1131

Southeast Financial Credit Union
Similarity Rank: 1260

LAUNCH FEDERAL CREDIT UNION
Similarity Rank: 1272

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	188	$54,820,000	$291,596	$4,383	4.85%

For 2022, United Premier Funding's most frequently originated type of loan was Conventional, with 188 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	153	$46,295,000	$302,582	$4,401	4.92%
Cash Out Refi	25	$6,715,000	$268,600	$4,700	4.72%
Refi	10	$1,810,000	$181,000	$3,318	4.04%

For 2022, United Premier Funding's most frequently cited loan purpose was Home Purchase, with 153 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	150	$45,450,000	$303,000	$4,447	4.95%
15 Year	32	$7,710,000	$240,938	$4,173	4.46%
20 Year	6	$1,660,000	$276,667	$3,912	4.40%

For 2022, United Premier Funding's most frequently cited loan duration was 30 Year, with 150 originations. The 2nd most popular length was 15 Year, with 32 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	188	$54,820,000	$291,596

United Premier Funding's average total fees were $4,447, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 188 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
5-6%	64	$21,060,000	$329,063
3-4%	50	$13,690,000	$273,800
4-5%	43	$11,805,000	$274,535
6-7%	14	$3,620,000	$258,571
2.5-3%	10	$2,550,000	$255,000
7-8%	7	$2,095,000	$299,286

During 2022, United Premier Funding's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 5-6%, with 64 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	124	$35,010,000	$282,339	$4,408	4.82%
$100k-200k	34	$5,530,000	$162,647	$3,796	4.74%
$400k-600k	24	$11,540,000	$480,833	$5,011	5.10%
$600k-1MM	4	$2,570,000	$642,500	$5,411	5.37%
$100,000 or less	2	$170,000	$85,000	$3,261	4.56%

2022 saw United Premier Funding place emphasis on $200k-400k loans with 124 originations, totaling $35,010,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	55	$14,475,000	$263,182	$4,391	4.82%
$50k or less	37	$8,635,000	$233,378	$3,992	4.92%
$75k-100k	37	$12,215,000	$330,135	$4,364	4.76%
$100k-150k	29	$9,745,000	$336,034	$4,510	5.07%
$150k-250k	23	$7,425,000	$322,826	$4,826	4.77%
$250k+	7	$2,325,000	$332,143	$4,516	4.48%

United Premier Funding lent most frequently to those with incomes in the $50k-75k range, with 55 originations. The second most popular income band? $50k or less, with 37 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
<20%	44	$12,210,000	$277,500	$4,342	4.67%
20-30%	39	$10,765,000	$276,026	$4,355	4.84%
30-36%	27	$7,975,000	$295,370	$4,827	4.76%
41%	8	$2,360,000	$295,000	$4,754	5.94%
38%	8	$2,290,000	$286,250	$4,451	4.20%
37%	7	$1,805,000	$257,857	$4,527	4.95%
44%	7	$2,585,000	$369,286	$4,391	4.27%
42%	6	$1,950,000	$325,000	$4,146	5.27%
40%	6	$1,970,000	$328,333	$3,773	4.92%
47%	6	$1,690,000	$281,667	$4,075	5.54%
46%	5	$1,415,000	$283,000	$3,964	5.40%
43%	5	$1,505,000	$301,000	$4,288	4.37%
48%	5	$1,465,000	$293,000	$4,383	5.27%
49%	5	$1,665,000	$333,000	$3,961	5.10%
39%	4	$1,140,000	$285,000	$4,224	4.53%
45%	4	$1,450,000	$362,500	$4,237	4.81%
36%	2	$580,000	$290,000	$4,025	5.25%

United Premier Funding lent most frequently to those with DTI ratios of <20%, with 44 originations. The next most common DTI ratio? 20-30%, with 39 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Chinese	142	$40,260,000	$283,521	$4,421	4.81%
Vietnamese	40	$12,980,000	$324,500	$4,299	4.95%
Korean	3	$835,000	$278,333	$4,017	6.04%
White	3	$745,000	$248,333	$4,084	4.17%

Approval Rates

Total approvals of all applications
98.70%

United Premier Funding 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
78.72%

United Premier Funding has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	188	$54,820,000	$291,596

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	188	$54,820,000	$291,596

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	6	$1,150,000	$191,667	$3,733	4.25%
40-60%	20	$5,370,000	$268,500	$4,082	4.89%
60-80%	129	$36,995,000	$286,783	$4,450	4.89%
80-100%	15	$5,975,000	$398,333	$4,711	4.60%
Under 20%	1	$75,000	$75,000	$2,598	4.88%

Complaints

Bank Name	Product	Issue	2022 CPFB Complaints	% of Total Issues
UNITED COMMUNITY BANK	Conventional home mortgage	Closing on a mortgage	1	100.0%