United Premier Funding Mortgage Rates, Fees & Info

DULUTH, GA

LEI: 5493007PAE4JN4B5BX31

Tax ID: 45-2965086

5 stars - out of 5 stars, based on 22 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

United Premier Funding is a smaller mortgage company specializing in Home Purchase and Refi loans. United Premier Funding has a high proportion of conventional loans. Their top markets include Atlanta, Charlotte, Nashville, Raleigh, and Orlando among others. United Premier Funding has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. United Premier Funding is typically an average fee lendor.


Originations

467

Origination Dollar Volume (All Markets)

$116,935,000

Relative Rate

United Premier Funding 's average 30 year fixed rate mortgage of loans were 3.16%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.01%.

Relative Fees

United Premier Funding 's average total fees for a 30 year fixed rate mortgage are $3,939.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 213 $53,575,000 $251,526 $3,643 2.98%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 55 $16,115,000 $293,000 $4,245 3.07%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 40 $11,470,000 $286,750 $4,028 2.95%
RALEIGH-CARY, NC (FHA|USDA|VA) 19 $4,525,000 $238,158 $3,498 2.84%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 15 $3,375,000 $225,000 $4,337 2.85%
JACKSONVILLE, FL (FHA|USDA|VA) 14 $2,980,000 $212,857 $3,970 3.09%
KNOXVILLE, TN (FHA|USDA|VA) 13 $2,975,000 $228,846 $3,750 2.92%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 12 $2,870,000 $239,167 $3,844 3.03%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 7 $1,855,000 $265,000 $3,748 2.84%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 8 $1,470,000 $183,750 $3,452 3.11%
FAYETTEVILLE, NC (FHA|USDA|VA) 7 $1,225,000 $175,000 $3,541 3.05%
Jefferson, GA (FHA|USDA|VA) 5 $1,195,000 $239,000 $4,176 3.55%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,160,000 $290,000 $4,898 2.94%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $890,000 $222,500 $3,888 2.94%
GAINESVILLE, GA (FHA|USDA|VA) 4 $850,000 $212,500 $3,833 3.31%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $780,000 $195,000 $4,328 3.03%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $710,000 $177,500 $3,692 3.03%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $685,000 $228,333 $3,563 2.58%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $655,000 $218,333 $3,246 2.42%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $620,000 $310,000 $6,044 2.88%
HINESVILLE, GA (FHA|USDA|VA) 4 $530,000 $132,500 $3,561 3.16%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $530,000 $265,000 $3,424 2.75%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $500,000 $250,000 $3,366 2.88%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $485,000 $485,000 $4,034 2.25%
GAINESVILLE, FL (FHA|USDA|VA) 2 $470,000 $235,000 $4,531 2.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $440,000 $220,000 $4,498 2.75%
MOBILE, AL (FHA|USDA|VA) 2 $410,000 $205,000 $3,945 2.88%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $405,000 $405,000 $4,263 3.63%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $375,000 $375,000 $2,697 2.63%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $350,000 $175,000 $4,037 3.31%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $335,000 $335,000 $3,818 2.38%
Athens, TN (FHA|USDA|VA) 1 $295,000 $295,000 $4,013 3.13%
ROME, GA (FHA|USDA|VA) 1 $265,000 $265,000 $3,570 3.13%
ASHEVILLE, NC (FHA|USDA|VA) 1 $245,000 $245,000 $3,721 2.50%
Sevierville, TN (FHA|USDA|VA) 1 $235,000 $235,000 $4,943 4.13%
OCALA, FL (FHA|USDA|VA) 1 $195,000 $195,000 $4,616 2.99%
Thomaston, GA (FHA|USDA|VA) 1 $195,000 $195,000 $3,383 2.25%
Outside of Metro Areas 1 $155,000 $155,000 $3,480 2.75%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $155,000 $155,000 $4,118 3.38%
Wilson, NC (FHA|USDA|VA) 1 $145,000 $145,000 $3,249 3.13%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $135,000 $135,000 $3,623 2.88%
SAVANNAH, GA (FHA|USDA|VA) 1 $105,000 $105,000 $3,931 3.13%

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

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 467 $116,935,000 $250,396 $3,825 2.98%

For the 2021 period, United Premier Funding 's most frequently originated loan type of loans were Conventional, with 467 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 228 $59,260,000 $259,912 $4,062 3.04%
Refi 167 $37,525,000 $224,701 $3,353 2.81%
Cash Out Refi 72 $20,150,000 $279,861 $4,170 3.22%

For the 2021, United Premier Funding 's most frequently cited loan purpose of loans were Home Purchase, with 228 originations. The 2nd most popular reason of loans were Refi, with 167 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 322 $82,740,000 $256,957 $3,939 3.16%
15 Year 117 $27,785,000 $237,479 $3,587 2.55%
20 Year 26 $5,910,000 $227,308 $3,502 2.84%
10 Year 2 $500,000 $250,000 $3,686 2.38%

For the 2021, United Premier Funding 's most frequently cited loan length of loans were 30 Year, with 322 originations. The 2nd most popular length of loans were 15 Year, with 117 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 467 $116,935,000 $250,396

$3,939 of loans were United Premier Funding 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 467 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 202 $54,090,000 $267,772
3-4% 180 $41,590,000 $231,056
<2.5% 79 $19,995,000 $253,101
4-5% 6 $1,260,000 $210,000

During 2021, United Premier Funding 's average interest rate of loans were 3.16%, while their most frequently originated rate bucket of loans were 2.5-3%, with 202 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 287 $76,435,000 $266,324 $3,905 2.97%
$100k-200k 140 $22,840,000 $163,143 $3,547 3.05%
$400k-600k 36 $17,290,000 $480,278 $4,342 2.83%
$100,000 or less 4 $370,000 $92,500 $3,198 3.22%

2021 saw United Premier Funding place emphasis on $200k-400k loans with 287 originations, totaling $76,435,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 132 $32,480,000 $246,061 $3,806 2.99%
$50k or less 125 $25,045,000 $200,360 $3,663 3.03%
$100k-150k 70 $19,330,000 $276,143 $3,865 2.90%
$75k-100k 64 $17,850,000 $278,906 $3,739 2.92%
$150k-250k 51 $14,525,000 $284,804 $4,270 3.04%
$250k+ 25 $7,705,000 $308,200 $3,945 3.01%

United Premier Funding lent most frequently to those with incomes in the $50k-75k range, with 132 originations. The second most popular income band? $50k or less, with 125 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 86 $23,590,000 $274,302 $3,901 2.99%
30-36% 64 $16,040,000 $250,625 $3,853 3.00%
<20% 40 $9,340,000 $233,500 $3,680 3.09%
38% 26 $6,540,000 $251,538 $3,852 3.00%
44% 26 $5,920,000 $227,692 $3,790 2.99%
42% 25 $6,445,000 $257,800 $4,258 3.03%
41% 24 $5,820,000 $242,500 $3,887 2.89%
45% 22 $5,380,000 $244,545 $3,989 2.91%
40% 22 $5,500,000 $250,000 $3,761 2.96%
43% 22 $5,300,000 $240,909 $3,556 3.02%
46% 17 $3,825,000 $225,000 $3,862 2.96%
39% 16 $4,260,000 $266,250 $3,920 3.05%
37% 16 $3,780,000 $236,250 $3,651 2.84%
48% 16 $4,040,000 $252,500 $3,559 2.98%
36% 13 $3,295,000 $253,462 $3,905 3.03%
47% 12 $2,750,000 $229,167 $3,501 2.78%
49% 12 $3,070,000 $255,833 $3,670 2.91%
50-60% 5 $1,355,000 $271,000 $3,526 3.25%
>60% 3 $685,000 $228,333 $3,924 2.79%

United Premier Funding lent most frequently to those with DTI ratios of 20-30%, with 86 originations. The next most common DTI ratio? 30-36%, with 64 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Chinese 384 $95,320,000 $248,229 $3,814 2.96%
Vietnamese 61 $14,965,000 $245,328 $3,907 3.11%
White 9 $2,725,000 $302,778 $3,739 3.00%
Korean 8 $2,180,000 $272,500 $3,669 2.72%
Asian Indian 5 $1,745,000 $349,000 $4,124 3.50%

Approval Rates

Total approvals of all applications
98.66%

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
84.57%

United Premier Funding has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 467 $116,935,000 $250,396

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
467 $116,935,000 $250,396

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 13 $2,395,000 $184,231 $3,348 2.52%
40-60% 117 $26,635,000 $227,650 $3,444 2.83%
60-80% 254 $64,200,000 $252,756 $3,988 3.13%
80-100% 43 $12,665,000 $294,535 $3,986 2.86%
Under 20% 1 $155,000 $155,000 $3,193 3.13%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
UNITED FIDELITY FUNDING, CORP FHA mortgage Closing on a mortgage 1 50.0%
UNITED FIDELITY FUNDING, CORP Conventional home mortgage Closing on a mortgage 1 50.0%