United Premier Funding Mortgage Rates, Fees & Info
DULUTH, GALEI: 5493007PAE4JN4B5BX31
Tax ID: 45-2965086
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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, Orlando, and Raleigh among others. We have data for 37 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.74% | 4/21/24 |
| 30 Year Conventional Refi | 6.36% | 4/21/24 |
| 30 Year Cash-out Refi | 7.07% | 4/21/24 |
| 15 Year Conventional Purchase | 6.31% | 4/21/24 |
| 15 Year Conventional Refi | 6.33% | 4/21/24 |
| 15 Year Cash-out Refi | 6.33% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
247Origination Dollar Volume (All Markets)
$55,655,000Top 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) | 84 | $18,740,000 | $223,095 | $3,732 | 4.36% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 34 | $9,170,000 | $269,706 | $4,268 | 4.46% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 18 | $4,420,000 | $245,556 | $4,265 | 4.45% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 18 | $4,120,000 | $228,889 | $4,641 | 4.56% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 13 | $3,325,000 | $255,769 | $3,664 | 4.32% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 12 | $2,060,000 | $171,667 | $3,758 | 4.58% |
| KNOXVILLE, TN (FHA|USDA|VA) | 8 | $1,970,000 | $246,250 | $3,838 | 4.02% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 9 | $1,595,000 | $177,222 | $3,697 | 4.35% |
| Jefferson, GA (FHA|USDA|VA) | 7 | $1,185,000 | $169,286 | $3,646 | 4.70% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $3,698 | 4.44% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $3,991 | 4.13% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,840 | 4.19% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $4,375 | 4.79% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $3,307 | 4.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $4,708 | 4.21% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $6,122 | 4.88% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,528 | 4.38% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,838 | 4.13% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,971 | 4.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,017 | 4.63% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,203 | 4.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,645 | 3.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,827 | 4.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,023 | 4.31% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,675 | 4.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,592 | 4.63% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,824 | 4.13% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,945 | 4.88% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,520 | 3.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,662 | 4.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,723 | 3.88% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,342 | 4.25% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,550 | 4.63% |
| Outside of Metro Areas | 1 | $135,000 | $135,000 | $3,295 | 4.38% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,298 | 4.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,736 | 4.50% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,374 | 4.25% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 247 | $55,655,000 | $225,324 | $3,928 | 4.39% |
For 2019, United Premier Funding's most frequently originated type of loan was Conventional, with 247 originations.
Loan Reason
For 2019, United Premier Funding's most frequently cited loan purpose was Home Purchase, with 195 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.
Loan Duration/Length
For 2019, United Premier Funding's most frequently cited loan duration was 30 Year, with 181 originations. The 2nd most popular length was 15 Year, with 53 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 244 | $55,090,000 | $225,779 |
United Premier Funding's average total fees were $4,044, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 244 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 159 | $34,315,000 | $215,818 |
| 3-4% | 68 | $17,250,000 | $253,676 |
| 5-6% | 19 | $3,805,000 | $200,263 |
| 2.5-3% | 1 | $285,000 | $285,000 |
During 2019, United Premier Funding's average interest rate for loans was 4.54%, while their most frequently originated rate bucket for loans was 4-5%, with 159 originations.
Loan Sizing
2019 saw United Premier Funding place emphasis on $200k-400k loans with 127 originations, totaling $33,295,000 in origination value.
Applicant Income
United Premier Funding lent most frequently to those with incomes in the $50k-75k range, with 81 originations. The second most popular income band? $50k or less, with 72 originations.
Applicant Debt to Income Ratio
United Premier Funding lent most frequently to those with DTI ratios of 20-30%, with 42 originations. The next most common DTI ratio? 30-36%, with 32 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.34%
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 origination78.14%
United Premier Funding has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 247 | $55,655,000 | $225,324 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 247 | $55,655,000 | $225,324 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED FIDELITY FUNDING, CORP | Other type of mortgage | Trouble during payment process | 1 | 50.0% |
| UNITED FIDELITY FUNDING, CORP | VA mortgage | Closing on a mortgage | 1 | 50.0% |