United Premier Funding Mortgage Rates, Fees & Info
DULUTH, GALEI: 5493007PAE4JN4B5BX31
Tax ID: 45-2965086
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage 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
467Origination Dollar Volume (All Markets)
$116,935,000Relative 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 applications98.66%
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 origination84.57%
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% |
