United Premier Funding Mortgage Rates, Fees & Info

DULUTH, GA

LEI: 5493007PAE4JN4B5BX31

Tax ID: 45-2965086

5 stars - Updated: 3/28/24 - out of 5 stars, based on 7 reviews

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

Jump to:

Mortgage Data

Review & Overview

United Premier Funding is a smaller mortgage company specializing in Home Purchase loans. United Premier Funding has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Nashville, Charlotte, Jacksonville, and Chattanooga among others. We have data for 20 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 relatively high 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% 3/28/24
30 Year Conventional Refi 6.36% 3/28/24
30 Year Cash-out Refi 7.07% 3/28/24
15 Year Conventional Purchase 6.31% 3/28/24
15 Year Conventional Refi 6.33% 3/28/24
15 Year Cash-out Refi 6.33% 3/28/24
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.

United Premier Funding Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from United Premier Funding. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

55

Origination Dollar Volume (All Markets)

$17,205,000

Awards

UNITED PREMIER FUNDING 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

United Premier Funding's average 30 year fixed mortgage rate was 7.09%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.61%.

Relative Fees (Closing Costs)

United Premier Funding's average total fees/closing costs for a 30 year fixed rate mortgage were $4,657.

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 $9,089.

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) 24 $7,450,000 $310,417 $4,422 6.92%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $1,495,000 $498,333 $4,484 6.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $1,095,000 $365,000 $5,033 7.46%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $870,000 $435,000 $5,946 6.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $830,000 $207,500 $4,347 7.15%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 2 $650,000 $325,000 $4,644 6.94%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $590,000 $295,000 $5,294 6.38%
KNOXVILLE, TN (FHA|USDA|VA) 1 $525,000 $525,000 $4,792 6.99%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $510,000 $255,000 $4,125 7.44%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $495,000 $495,000 $6,971 7.38%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $445,000 $445,000 $6,366 7.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $415,000 $415,000 $6,275 7.63%
Jefferson, GA (FHA|USDA|VA) 2 $390,000 $195,000 $4,162 7.13%
MONTGOMERY, AL (FHA|USDA|VA) 1 $285,000 $285,000 $3,932 6.25%
GOLDSBORO, NC (FHA|USDA|VA) 1 $265,000 $265,000 $3,684 5.88%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $235,000 $235,000 $4,218 8.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $185,000 $185,000 $4,051 7.13%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $185,000 $185,000 $3,743 6.00%
Sevierville, TN (FHA|USDA|VA) 1 $165,000 $165,000 $4,363 7.99%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $125,000 $125,000 $5,450 7.00%
United Premier Funding's top markets include Atlanta, Nashville, Charlotte, Jacksonville, and Chattanooga among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (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.

    First Farmers and Merchants Bank
    Similarity Rank: 130
    First Citizens National Bank
    Similarity Rank: 288
    Orion Federal Credit Union
    Similarity Rank: 420
    ORLANDO CREDIT UNION
    Similarity Rank: 459
    US COMMUNITY
    Similarity Rank: 472
    LGE COMMUNITY
    Similarity Rank: 546
    Suncoast Credit Union
    Similarity Rank: 570
    Financial Federal Bank
    Similarity Rank: 598
    Terrabank
    Similarity Rank: 660
    TrustCo Bank
    Similarity Rank: 672

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 55 $17,205,000 $312,818 $4,623 6.94%

    For 2023, United Premier Funding's most frequently originated type of loan was Conventional, with 55 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 49 $15,555,000 $317,449 $4,611 7.01%
    Cash Out Refi 5 $1,455,000 $291,000 $5,004 6.45%
    Refi 1 $195,000 $195,000 $3,289 6.00%

    For 2023, United Premier Funding's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Cash Out Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 41 $13,085,000 $319,146 $4,657 7.09%
    15 Year 13 $3,955,000 $304,231 $4,578 6.50%
    Other 1 $165,000 $165,000 $3,813 6.50%

    For 2023, United Premier Funding's most frequently cited loan duration was 30 Year, with 41 originations. The 2nd most popular length was 15 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 55 $17,205,000 $312,818

    United Premier Funding's average total fees were $4,657, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 55 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 27 $9,155,000 $339,074
    7-8% 20 $5,520,000 $276,000
    5-6% 5 $1,535,000 $307,000
    Over 8% 2 $400,000 $200,000
    4-5% 1 $595,000 $595,000

    During 2023, United Premier Funding's average interest rate for loans was 7.09%, while their most frequently originated rate bucket for loans was 6-7%, with 27 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 30 $8,240,000 $274,667 $4,506 6.93%
    $100k-200k 12 $2,040,000 $170,000 $4,124 7.12%
    $400k-600k 10 $4,880,000 $488,000 $5,425 6.80%
    $600k-1MM 3 $2,045,000 $681,667 $5,104 6.83%

    2023 saw United Premier Funding place emphasis on $200k-400k loans with 30 originations, totaling $8,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 18 $5,090,000 $282,778 $4,381 7.03%
    $100k-150k 16 $5,310,000 $331,875 $4,846 6.89%
    $50k-75k 10 $2,500,000 $250,000 $4,336 6.79%
    $150k-250k 6 $2,430,000 $405,000 $5,262 6.79%
    $250k+ 3 $1,555,000 $518,333 $5,079 7.33%
    $50k or less 2 $320,000 $160,000 $3,843 7.25%

    United Premier Funding lent most frequently to those with incomes in the $75k-100k range, with 18 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 9 $2,725,000 $302,778 $4,954 6.78%
    42% 5 $2,045,000 $409,000 $4,517 7.30%
    41% 5 $1,435,000 $287,000 $5,381 6.53%
    20-30% 5 $1,715,000 $343,000 $5,096 7.10%
    45% 4 $1,050,000 $262,500 $4,138 6.56%
    49% 3 $1,095,000 $365,000 $3,699 6.91%
    36% 3 $675,000 $225,000 $4,030 7.04%
    44% 3 $1,235,000 $411,667 $4,442 6.96%
    46% 3 $1,275,000 $425,000 $5,350 7.38%
    48% 3 $925,000 $308,333 $4,476 6.88%
    <20% 3 $835,000 $278,333 $5,002 7.50%
    43% 3 $605,000 $201,667 $4,355 7.04%
    38% 2 $540,000 $270,000 $3,870 6.19%
    47% 2 $590,000 $295,000 $3,802 6.88%
    40% 1 $225,000 $225,000 $4,529 7.88%
    39% 1 $235,000 $235,000 $4,200 6.88%

    United Premier Funding lent most frequently to those with DTI ratios of 30-36%, with 9 originations. The next most common DTI ratio? 42%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Chinese 52 $15,970,000 $307,115 $4,580 6.97%
    Korean 3 $1,235,000 $411,667 $5,358 6.46%

    Approval Rates

    Total approvals of all applications
    98.48%

    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
    81.82%

    United Premier Funding has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 55 $17,205,000 $312,818

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    55 $17,205,000 $312,818

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $135,000 $135,000 $3,634 7.38%
    40-60% 15 $3,585,000 $239,000 $4,270 6.92%
    60-80% 36 $11,980,000 $332,778 $4,782 6.95%
    80-100% 3 $1,505,000 $501,667 $4,799 6.83%