United Bank Of Union Mortgage Rates, Fees & Info

Union, MO

LEI: 5493008WWKO0RD22RN65

Tax ID: 43-0560860

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    United Bank Of Union is a smaller bank specializing in Home Purchase and Refi loans. United Bank Of Union has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Branson, Jefferson City, and Kansas City among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    United Bank Of Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. United Bank Of Union 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.49% 4/21/24
    30 Year Conventional Refi 6.61% 4/21/24
    30 Year Cash-out Refi 6.27% 4/21/24
    30 Year USDA Purchase 7.19% 4/21/24
    15 Year Conventional Purchase 5.76% 4/21/24
    15 Year Conventional Refi 5.70% 4/21/24
    15 Year Cash-out Refi 5.70% 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 Bank Of Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from United Bank Of Union. 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

    314

    Origination Dollar Volume (All Markets)

    $48,890,000

    Employee count

    73

    Awards

    United Bank of Union 30 Year Conventional Loans gold United Bank of Union 30 Year Conventional Loans gold
    Show all (2) 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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 291 $44,065,000 $151,426 $1,885 4.80%
    Outside of Metro Areas 19 $4,065,000 $213,947 $1,682 4.66%
    Branson, MO (FHA|USDA|VA) 2 $480,000 $240,000 $1,851 5.00%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.63%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $95,000 $95,000 $1,563 4.75%
    United Bank Of Union's top markets include St. Louis, Branson, Jefferson City, and Kansas City among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)

    • Similar Lenders

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

    Ozarks Federal Savings and Loan Association
    Similarity Rank: 100
    Community Bank of Trenton
    Similarity Rank: 108
    First National Bank of Waterloo
    Similarity Rank: 200
    RELIANCE BANK
    Similarity Rank: 238
    CapGrow Home Mortgage, LLC
    Similarity Rank: 272
    JERSEY STATE BANK
    Similarity Rank: 354
    Farmers and Merchants Bank of St. Clair
    Similarity Rank: 408
    United Bank of Union
    Similarity Rank: 415
    HNB National Bank
    Similarity Rank: 576
    Bank of Hillsboro
    Similarity Rank: 679

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 288 $45,520,000 $158,056 $1,652 4.80%
    USDA 26 $3,370,000 $129,615 $3,653 4.66%

    For 2018, United Bank Of Union's most frequently originated type of loan was Conventional, with 288 originations. Their 2nd most popular type was USDA, with 26 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 187 $29,425,000 $157,353 $2,364 4.80%
    Refi 76 $13,220,000 $173,947 $1,095 4.86%
    Cash Out Refi 33 $4,255,000 $128,939 $1,235 4.45%
    Other 11 $535,000 $48,636 $989 5.08%
    Home Improvement 7 $1,455,000 $207,857 $1,672 5.00%

    For 2018, United Bank Of Union's most frequently cited loan purpose was Home Purchase, with 187 originations. The 2nd most popular reason was Refi, with 76 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 175 $29,145,000 $166,543 $2,158 4.67%
    Other 42 $6,200,000 $147,619 $900 5.45%
    15 Year 41 $5,185,000 $126,463 $1,466 4.41%
    20 Year 28 $3,010,000 $107,500 $1,396 4.88%
    10 Year 12 $880,000 $73,333 $1,157 4.47%
    3 Year 7 $2,955,000 $422,143 $89 5.45%
    1 Year 6 $1,130,000 $188,333 $2,041 5.23%
    5 Year 3 $385,000 $128,333 $122 5.41%

    For 2018, United Bank Of Union's most frequently cited loan duration was 30 Year, with 175 originations. The 2nd most popular length was Other, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 224 $32,650,000 $145,759
    $1k-2k 12 $1,650,000 $137,500
    $2k-3k 1 $255,000 $255,000
    $5k+ 1 $685,000 $685,000

    United Bank Of Union's average total fees were $2,158, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 224 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 221 $37,145,000 $168,077
    5-6% 55 $6,765,000 $123,000
    3-4% 28 $4,220,000 $150,714
    6-7% 9 $745,000 $82,778
    Over 8% 1 $15,000 $15,000

    During 2018, United Bank Of Union's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 4-5%, with 221 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 129 $18,055,000 $139,961 $2,151 4.68%
    $100,000 or less 112 $7,130,000 $63,661 $1,396 4.96%
    $200k-400k 66 $18,320,000 $277,576 $1,855 4.71%
    $400k-600k 4 $1,770,000 $442,500 $2,389 4.81%
    $600k-1MM 2 $1,450,000 $725,000 $9,141 4.88%
    $1MM+ 1 $2,165,000 $2,165,000 $0 4.50%

    2018 saw United Bank Of Union place emphasis on $100k-200k loans with 129 originations, totaling $18,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 76 $9,250,000 $121,711 $2,177 4.68%
    $50k or less 72 $6,340,000 $88,056 $1,594 4.75%
    $100k-150k 57 $9,755,000 $171,140 $1,759 4.72%
    $75k-100k 39 $6,075,000 $155,769 $1,714 4.77%
    $150k-250k 25 $6,905,000 $276,200 $1,721 4.68%
    $250k+ 4 $1,260,000 $315,000 $3,661 4.47%

    United Bank Of Union lent most frequently to those with incomes in the $50k-75k range, with 76 originations. The second most popular income band? $50k or less, with 72 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 86 $11,990,000 $139,419 $1,829 4.64%
    30-36% 52 $7,700,000 $148,077 $2,035 4.77%
    <20% 39 $4,745,000 $121,667 $1,853 4.84%
    37% 16 $2,550,000 $159,375 $2,400 4.70%
    36% 10 $1,300,000 $130,000 $1,512 4.78%
    42% 8 $920,000 $115,000 $1,689 4.95%
    40% 8 $910,000 $113,750 $1,533 4.50%
    46% 7 $1,425,000 $203,571 $1,969 4.71%
    41% 6 $970,000 $161,667 $1,724 4.40%
    38% 6 $1,170,000 $195,000 $1,514 4.75%
    39% 6 $600,000 $100,000 $2,096 4.67%
    45% 6 $1,610,000 $268,333 $1,565 4.63%
    43% 5 $905,000 $181,000 $1,424 4.20%
    44% 4 $480,000 $120,000 $1,373 4.44%
    47% 3 $385,000 $128,333 $1,731 4.79%
    48% 3 $625,000 $208,333 $2,240 4.42%
    50-60% 1 $45,000 $45,000 $0 5.50%

    United Bank Of Union lent most frequently to those with DTI ratios of 20-30%, with 86 originations. The next most common DTI ratio? 30-36%, with 52 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 264 $37,710,000 $142,841 $1,887 4.73%
    Not applicable 36 $8,600,000 $238,889 $0 5.30%
    Not provided 8 $1,850,000 $231,250 $1,765 4.59%
    Asian 4 $380,000 $95,000 $1,342 4.38%
    American Indian 1 $215,000 $215,000 $1,149 4.50%
    Native Hawaiian or Islander 1 $135,000 $135,000 $1,790 4.63%

    Approval Rates

    Total approvals of all applications
    98.56%

    United Bank Of Union 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
    90.76%

    United Bank Of Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    41.5 1 $5,000 $5,000
    91.5 1 $15,000 $15,000
    NA 312 $48,870,000 $156,635

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $2,470,000 $1,235,000
    Multifamily:Site-Built 1 $385,000 $385,000
    Single Family (1-4 Units):Manufactured 29 $1,875,000 $64,655
    Single Family (1-4 Units):Site-Built 282 $44,160,000 $156,596

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $2,015,000 $69,483 $1,010 4.89%
    40-60% 46 $6,720,000 $146,087 $1,486 4.56%
    60-80% 115 $21,475,000 $186,739 $1,793 4.70%
    80-100% 102 $17,040,000 $167,059 $2,432 4.82%
    Over 100% 2 $240,000 $120,000 $0 5.81%
    Under 20% 18 $990,000 $55,000 $630 5.40%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    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%
    UNITED COMMUNITY BANK Other type of mortgage Trouble during payment process 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    United Bank of Union 1440 Rebel Road Union, MO 63084 Full Service B&M $39,986
    United Bank of Union 15 East Main Street Union, MO 63084 Full Service B&M $229,302
    United Bank of Union 210 Highway 50 West Union, MO 63084 Full Service B&M $23,875

    For 2018, United Bank Of Union had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,916
    Net interest income $12,488
    Total noninterest income $2,149
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $482
    Trading account gains and fees $0
    Additional Noninterest Income $1,667
    Pre-tax net operating income $4,989
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,989
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,989
    Minority interest net income $0
    Net income $4,989
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,989

    United Bank Of Union's gross interest income from loans was $14,916,000.
    United Bank Of Union's net interest income from loans was $12,488,000.
    United Bank Of Union's fee based income from loans was $482,000.
    United Bank Of Union's net income from loans was $4,989,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,428
    Provision for credit losses $998
    Total noninterest expense $8,650
    Salaries and employee benefits $4,699
    Premises and equipment expense $850
    Additional noninterest expense $3,101
    Applicable income taxes $0
    Net charge-offs $514
    Cash dividends $3,223

    United Bank Of Union's interest expense for loans was $2,428,000.
    United Bank Of Union's payroll and benefits expense were $4,699,000.
    United Bank Of Union's property, plant and equipment expenses $850,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 16.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $326,265
    Deposits held in domestic offices $326,265
    Deposits by Individuals, partnerships, and corporations $259,603
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $66,421
    Deposits by Commercial banks and other depository institutions in U.S. $241
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $115,669
    Demand deposits $38,024
    Nontransaction accounts $210,596
    Money market deposit accounts (MMDAs) $25,733
    Other savings deposits (excluding MMDAs) $48,558
    Total time deposits $136,305
    Total time and savings deposits $288,241
    Noninterest-bearing deposits $38,024
    Interest-bearing deposits $288,241
    Retail deposits $271,215
    IRAs and Keogh plan accounts $19,603
    Brokered deposits $31,294
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $372,601
    Cash & Balances due from depository institutions $6,857
    Interest-bearing balances $1,872
    Total securities $56,197
    Federal funds sold & reverse repurchase $9,786
    Net loans and leases $286,275
    Loan and leases loss allowance $4,366
    Trading account assets $0
    Bank premises and fixed assets $7,311
    Other real estate owned $1,385
    Goodwill and other intangibles $923
    All other assets $3,867

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $372,601
    Total Liabilities $335,582
    Total deposits $326,265
    Interest-bearing deposits $288,241
    Deposits held in domestic offices $326,265
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $1,226
    Trading liabilities $0
    Other borrowed funds $7,000
    Subordinated debt $0
    All other liabilities $1,091

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $286,275
    Loan and leases loss allowance $4,366
    Total loans and leases (domestic) $290,641
    All real estate loans $235,704
    Real estate loans in domestic offices $235,704
    Construction and development loans $42,054
    Residential 1-4 family construction $16,400
    Other construction, all land development and other land $25,654
    Loans secured by nonfarm nonresidential properties $99,942
    Nonfarm nonresidential secured by owner-occupied properties $28,348
    Commercial real estate & other non-farm, non-residential $71,594
    Multifamily residential real estate $6,451
    1-4 family residential loans $78,771
    Farmland loans $8,486
    Loans held in foreign offices $0
    Farm loans $267
    Commercial and industrial loans $49,903
    To non-U.S. addressees $0
    Loans to individuals $3,206
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,756
    Other loans to individuals $1,450
    All other loans & leases $1,561
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,081
    Non 1-4 family restructured loans & leases $1,991
    Total loans and leases (foreign) $0

    United Bank of Union had $286,275,000 of loans outstanding in 2018. $235,704,000 of loans were in real estate loans. $42,054,000 of loans were in development loans. $6,451,000 of loans were in multifamily mortgage loans. $78,771,000 of loans were in 1-4 family mortgage loans. $267,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,756,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 155 $29,067 $187,529
    Nonfarm, nonresidential loans - <$100k 42 $1,878 $44,714
    Nonfarm, nonresidential loans - $100-250k 57 $7,688 $134,877
    Nonfarm, nonresidential loans - $250k-1MM 56 $19,501 $348,232
    Commercial & Industrial, US addressed loans - <$1MM 511 $25,492 $49,886
    Commercial & Industrial, US addressed loans - <$100k 241 $4,701 $19,506
    Commercial & Industrial, US addressed loans - $100-250k 211 $6,059 $28,716
    Commercial & Industrial, US addressed loans - $250k-1MM 59 $14,732 $249,695
    Farmland loans - <$1MM 24 $2,171 $90,458
    Farmland loans - <$100k 14 $662 $47,286
    Farmland loans - $100-250k 7 $1,000 $142,857
    Farmland loans - $250k-1MM 3 $509 $169,667
    Agriculture operations loans - <$1MM 6 $266 $44,333
    Agriculture operations loans - <$100k 5 $160 $32,000
    Agriculture operations loans - $100-250k 1 $106 $106,000