United Bank & Capital Trust Company Mortgage Rates, Fees & Info

FRANKFORT, KY

LEI: 5493007W2SORU9UO7826

Tax ID: 61-0188990

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    United Bank & Capital Trust Company is a smaller bank specializing in Home Purchase and Refi loans. United Bank & Capital Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lexington, Louisville, Frankfort, Cincinnati, and Elizabethtown among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    United Bank & Capital Trust Company 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 Bank & Capital Trust Company 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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    Originations

    234

    Origination Dollar Volume (All Markets)

    $46,810,000

    Awards

    United Bank & Capital Trust Company 30 Year Conventional Loans silver
    Show all (1) awards

    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
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 65 $15,415,000 $237,154 $2,317 4.84%
    LOUISVILLE, KY (FHA|USDA|VA) 42 $10,760,000 $256,190 $2,414 4.90%
    Frankfort, KY (FHA|USDA|VA) 52 $7,380,000 $141,923 $2,002 5.14%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 30 $6,580,000 $219,333 $2,348 5.05%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 28 $3,880,000 $138,571 $2,057 4.81%
    Outside of Metro Areas 7 $1,235,000 $176,429 $2,174 4.80%
    Danville, KY (FHA|USDA|VA) 1 $545,000 $545,000 $0 5.25%
    Richmond-Berea, KY (FHA|USDA|VA) 2 $380,000 $190,000 $2,620 4.81%
    Bardstown, KY (FHA|USDA|VA) 2 $220,000 $110,000 $1,466 4.75%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $145,000 $145,000 $2,439 5.00%
    BOWLING GREEN, KY (FHA|USDA|VA) 2 $130,000 $65,000 $1,806 4.69%
    Somerset, KY (FHA|USDA|VA) 1 $85,000 $85,000 $2,165 5.00%
    OWENSBORO, KY (FHA|USDA|VA) 1 $55,000 $55,000 $1,341 4.50%
    United Bank & Capital Trust Company's top markets include Lexington, Louisville, Frankfort, Cincinnati, and Elizabethtown among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against United Bank & Capital Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Town Square Bank
    Similarity Rank: 90
    The Peoples Bank
    Similarity Rank: 120
    City National Bank of West Virginia
    Similarity Rank: 190
    Peoples Exchange Bank
    Similarity Rank: 315
    Bank of Lexington, Inc.
    Similarity Rank: 324
    First Harrison Bank
    Similarity Rank: 357
    CLASS ACT FEDERAL CREDIT UNION
    Similarity Rank: 357
    Abound Federal Credit Union
    Similarity Rank: 375
    MEMBERS HERITAGE Credit Union
    Similarity Rank: 396
    Peoples Bank
    Similarity Rank: 455

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 234 $46,810,000 $200,043 $2,205 4.94%

    For 2018, United Bank & Capital Trust Company's most frequently originated type of loan was Conventional, with 234 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 124 $26,100,000 $210,484 $2,313 4.91%
    Refi 77 $16,315,000 $211,883 $2,055 4.94%
    Cash Out Refi 20 $2,610,000 $130,500 $2,256 4.67%
    Home Improvement 10 $1,670,000 $167,000 $1,094 5.65%
    Other 3 $115,000 $38,333 $1,331 5.58%

    For 2018, United Bank & Capital Trust Company's most frequently cited loan purpose was Home Purchase, with 124 originations. The 2nd most popular reason was Refi, with 77 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 89 $18,215,000 $204,663 $2,311 4.77%
    Other 86 $15,050,000 $175,000 $1,826 4.98%
    15 Year 21 $2,645,000 $125,952 $2,219 4.74%
    20 Year 20 $4,110,000 $205,500 $2,277 5.14%
    5 Year 7 $5,825,000 $832,143 $1,477 5.25%
    10 Year 6 $260,000 $43,333 $1,285 6.06%
    1 Year 5 $705,000 $141,000 $1,041 5.55%

    For 2018, United Bank & Capital Trust Company's most frequently cited loan duration was 30 Year, with 89 originations. The 2nd most popular length was Other, with 86 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 112 $20,590,000 $183,839
    $1k-2k 1 $245,000 $245,000
    $3k-4k 1 $505,000 $505,000

    United Bank & Capital Trust Company's average total fees were $2,311, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 112 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 157 $34,755,000 $221,369
    5-6% 65 $9,975,000 $153,462
    3-4% 7 $1,945,000 $277,857
    6-7% 5 $135,000 $27,000

    During 2018, United Bank & Capital Trust Company's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 4-5%, with 157 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 95 $12,385,000 $130,368 $2,067 4.87%
    $100,000 or less 68 $4,150,000 $61,029 $1,673 5.21%
    $200k-400k 49 $13,395,000 $273,367 $2,518 4.73%
    $400k-600k 13 $6,195,000 $476,538 $3,729 4.79%
    $600k-1MM 5 $3,735,000 $747,000 $3,346 4.89%
    $1MM+ 4 $6,950,000 $1,737,500 $0 4.88%

    2018 saw United Bank & Capital Trust Company place emphasis on $100k-200k loans with 95 originations, totaling $12,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 38 $8,260,000 $217,368 $2,944 4.88%
    $50k-75k 33 $4,765,000 $144,394 $2,097 4.77%
    $50k or less 29 $2,545,000 $87,759 $1,828 5.03%
    $100k-150k 28 $5,330,000 $190,357 $2,254 5.05%
    $75k-100k 26 $3,470,000 $133,462 $2,126 4.93%
    $150k-250k 23 $4,875,000 $211,957 $2,752 4.78%

    United Bank & Capital Trust Company lent most frequently to those with incomes in the $250k+ range, with 38 originations. The second most popular income band? $50k-75k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 35 $5,885,000 $168,143 $2,144 4.70%
    30-36% 24 $3,520,000 $146,667 $2,282 5.01%
    <20% 17 $3,675,000 $216,176 $2,405 4.63%
    37% 10 $2,510,000 $251,000 $2,255 4.80%
    38% 9 $1,635,000 $181,667 $2,267 4.89%
    43% 7 $1,415,000 $202,143 $1,937 5.21%
    39% 5 $535,000 $107,000 $1,865 5.35%
    44% 4 $510,000 $127,500 $2,198 4.63%
    42% 3 $205,000 $68,333 $1,531 5.50%
    40% 3 $715,000 $238,333 $2,374 4.83%
    48% 3 $425,000 $141,667 $2,363 4.92%
    49% 3 $615,000 $205,000 $2,191 4.88%
    47% 2 $290,000 $145,000 $2,304 4.81%
    50-60% 2 $130,000 $65,000 $1,341 5.00%
    36% 2 $520,000 $260,000 $2,559 4.63%
    46% 1 $125,000 $125,000 $2,213 4.13%
    45% 1 $245,000 $245,000 $2,970 4.88%

    United Bank & Capital Trust Company lent most frequently to those with DTI ratios of 20-30%, with 35 originations. The next most common DTI ratio? 30-36%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 171 $28,665,000 $167,632 $2,215 4.91%
    Not applicable 56 $17,020,000 $303,929 $0 5.04%
    Asian 1 $675,000 $675,000 $1,440 4.00%
    Black 4 $320,000 $80,000 $2,113 4.97%
    Not provided 2 $130,000 $65,000 $0 4.75%

    Approval Rates

    Total approvals of all applications
    91.13%

    United Bank & Capital Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.65%

    United Bank & Capital Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 234 $46,810,000 $200,043

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 17 $10,855,000 $638,529
    Single Family (1-4 Units):Manufactured 3 $475,000 $158,333
    Single Family (1-4 Units):Site-Built 214 $35,480,000 $165,794

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $1,835,000 $166,818 $1,393 5.09%
    40-60% 24 $5,190,000 $216,250 $2,448 4.76%
    60-80% 131 $27,395,000 $209,122 $2,306 4.89%
    80-100% 59 $12,085,000 $204,831 $2,237 4.95%
    Under 20% 9 $305,000 $33,889 $1,194 5.86%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Other type of mortgage Trouble during payment process 1 25.0%
    UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 1 25.0%
    UNITED COMMUNITY BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    UNITED COMMUNITY BANK Other type of mortgage Struggling to pay mortgage 1 25.0%