United Bank Of Union Mortgage Rates, Fees & Info

Union, MO

LEI: 5493008WWKO0RD22RN65

Tax ID: 43-0560860

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  • SimulatedRates™
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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)

    • 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. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Farmington, Branson, and Springfield 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 a below 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% 12/16/24
    30 Year Conventional Refi 6.61% 12/16/24
    30 Year Cash-out Refi 6.27% 12/16/24
    30 Year USDA Purchase 7.19% 12/16/24
    15 Year Conventional Purchase 5.76% 12/16/24
    15 Year Conventional Refi 5.70% 12/16/24
    15 Year Cash-out Refi 5.70% 12/16/24
    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

    338

    Origination Dollar Volume (All Markets)

    $61,960,000

    Employee count

    76 Show all (6) 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) 309 $56,365,000 $182,411 $1,679 4.28%
    Outside of Metro Areas 23 $4,455,000 $193,696 $1,742 4.14%
    Farmington, MO (FHA|USDA|VA) 3 $495,000 $165,000 $1,680 4.71%
    Branson, MO (FHA|USDA|VA) 2 $470,000 $235,000 $2,032 3.63%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $175,000 $175,000 $1,869 3.13%
    United Bank Of Union's top markets include St. Louis, Farmington, Branson, and Springfield 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.

    WEST COMMUNITY
    Similarity Rank: 190
    United Bank of Union
    Similarity Rank: 275
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 302
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 396
    Dieterich Bank
    Similarity Rank: 442
    CapGrow Home Mortgage, LLC
    Similarity Rank: 450
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 490
    ALLTRU Federal Credit Union
    Similarity Rank: 780
    JERSEY STATE BANK
    Similarity Rank: 792
    First Mid Bank & Trust
    Similarity Rank: 1020

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 320 $59,330,000 $185,406 $1,534 4.29%
    USDA 18 $2,630,000 $146,111 $3,891 3.95%

    For 2019, United Bank Of Union's most frequently originated type of loan was Conventional, with 320 originations. Their 2nd most popular type was USDA, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 150 $29,810,000 $198,733 $2,277 4.34%
    Refi 119 $21,575,000 $181,303 $1,136 4.38%
    Cash Out Refi 62 $9,990,000 $161,129 $1,428 3.75%
    Other 6 $530,000 $88,333 $1,130 5.38%
    Home Improvement 1 $55,000 $55,000 $0 5.88%

    For 2019, United Bank Of Union's most frequently cited loan purpose was Home Purchase, with 150 originations. The 2nd most popular reason was Refi, with 119 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 198 $35,840,000 $181,010 $1,920 4.04%
    15 Year 42 $6,180,000 $147,143 $1,363 3.73%
    20 Year 36 $5,390,000 $149,722 $1,359 4.22%
    Other 26 $4,610,000 $177,308 $910 5.25%
    10 Year 11 $845,000 $76,818 $1,126 4.75%
    5 Year 10 $5,620,000 $562,000 $261 6.09%
    1 Year 9 $2,145,000 $238,333 $2,578 5.58%
    3 Year 6 $1,330,000 $221,667 $797 5.67%

    For 2019, United Bank Of Union's most frequently cited loan duration was 30 Year, with 198 originations. The 2nd most popular length was 15 Year, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 272 $46,060,000 $169,338
    $1k-2k 3 $425,000 $141,667
    $2k-3k 1 $255,000 $255,000

    United Bank Of Union's average total fees were $1,920, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 272 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 175 $31,755,000 $181,457
    4-5% 104 $17,560,000 $168,846
    5-6% 39 $10,195,000 $261,410
    6-7% 8 $1,280,000 $160,000
    2.5-3% 7 $1,075,000 $153,571
    7-8% 4 $50,000 $12,500
    Over 8% 1 $45,000 $45,000

    During 2019, United Bank Of Union's average interest rate for loans was 4.04%, while their most frequently originated rate bucket for loans was 3-4%, with 175 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 164 $23,680,000 $144,390 $1,828 4.01%
    $100,000 or less 83 $5,405,000 $65,120 $1,221 4.93%
    $200k-400k 76 $20,620,000 $271,316 $1,766 4.04%
    $400k-600k 9 $4,225,000 $469,444 $1,895 4.06%
    $600k-1MM 5 $3,695,000 $739,000 $0 5.30%
    $1MM+ 1 $4,335,000 $4,335,000 $0 5.25%

    2019 saw United Bank Of Union place emphasis on $100k-200k loans with 164 originations, totaling $23,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 83 $11,565,000 $139,337 $1,896 4.17%
    $50k or less 64 $6,070,000 $94,844 $1,625 4.46%
    $75k-100k 56 $9,150,000 $163,393 $1,530 3.99%
    $100k-150k 46 $9,680,000 $210,435 $1,654 4.00%
    $150k-250k 44 $10,190,000 $231,591 $1,671 4.00%
    $250k+ 9 $2,385,000 $265,000 $1,593 4.56%

    United Bank Of Union lent most frequently to those with incomes in the $50k-75k range, with 83 originations. The second most popular income band? $50k or less, with 64 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 97 $15,795,000 $162,835 $1,564 4.00%
    30-36% 67 $11,485,000 $171,418 $1,865 4.21%
    <20% 44 $5,730,000 $130,227 $1,578 4.29%
    45% 13 $2,515,000 $193,462 $1,487 4.14%
    37% 11 $2,015,000 $183,182 $1,633 4.06%
    38% 9 $1,165,000 $129,444 $2,024 4.38%
    42% 8 $1,300,000 $162,500 $2,208 4.13%
    36% 8 $1,050,000 $131,250 $1,767 4.20%
    39% 8 $1,720,000 $215,000 $1,885 4.28%
    46% 7 $1,595,000 $227,857 $1,746 4.14%
    41% 6 $620,000 $103,333 $1,039 4.06%
    40% 6 $1,380,000 $230,000 $2,930 4.00%
    43% 4 $600,000 $150,000 $1,193 4.56%
    47% 4 $510,000 $127,500 $1,381 4.44%
    >60% 2 $20,000 $10,000 $14 6.75%
    48% 2 $480,000 $240,000 $1,501 4.13%
    49% 2 $500,000 $250,000 $1,322 3.50%
    44% 2 $300,000 $150,000 $1,287 3.81%

    United Bank Of Union lent most frequently to those with DTI ratios of 20-30%, with 97 originations. The next most common DTI ratio? 30-36%, with 67 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 289 $45,975,000 $159,083 $1,685 4.20%
    Not applicable 29 $11,935,000 $411,552 $0 5.40%
    Not provided 19 $3,865,000 $203,421 $1,732 3.59%
    American Indian 1 $185,000 $185,000 $1,533 3.50%

    Approval Rates

    Total approvals of all applications
    97.65%

    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
    89.35%

    United Bank Of Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    89.0 1 $5,000 $5,000
    NA 337 $61,955,000 $183,843

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $1,470,000 $735,000
    Multifamily:Site-Built 7 $6,475,000 $925,000
    Single Family (1-4 Units):Manufactured 23 $1,725,000 $75,000
    Single Family (1-4 Units):Site-Built 306 $52,290,000 $170,882

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $1,760,000 $88,000 $1,078 5.01%
    40-60% 49 $9,085,000 $185,408 $1,559 4.33%
    60-80% 154 $28,410,000 $184,481 $1,491 4.16%
    80-100% 100 $21,830,000 $218,300 $2,209 4.08%
    Under 20% 15 $875,000 $58,333 $658 5.46%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Conventional home mortgage Struggling to pay mortgage 1 100.0%

    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 $43,905
    United Bank of Union 15 East Main Street Union, MO 63084 Full Service B&M $264,345
    United Bank of Union 210 Highway 50 West Union, MO 63084 Full Service B&M $23,528

    For 2019, United Bank Of Union had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,805
    Net interest income $12,991
    Total noninterest income $2,364
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $472
    Trading account gains and fees $0
    Additional Noninterest Income $1,892
    Pre-tax net operating income $5,628
    Securities gains (or losses, -) $31
    Income before extraordinary items $5,659
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,659
    Minority interest net income $0
    Net income $5,659
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,628

    United Bank Of Union's gross interest income from loans was $16,805,000.
    United Bank Of Union's net interest income from loans was $12,991,000.
    United Bank Of Union's fee based income from loans was $472,000.
    United Bank Of Union's net income from loans was $5,659,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,814
    Provision for credit losses $658
    Total noninterest expense $9,069
    Salaries and employee benefits $4,904
    Premises and equipment expense $757
    Additional noninterest expense $3,408
    Applicable income taxes $0
    Net charge-offs $339
    Cash dividends $3,871

    United Bank Of Union's interest expense for loans was $3,814,000.
    United Bank Of Union's payroll and benefits expense were $4,904,000.
    United Bank Of Union's property, plant and equipment expenses $757,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 14.0%
    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 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 3.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $311,219
    Deposits held in domestic offices $311,219
    Deposits by Individuals, partnerships, and corporations $258,642
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $52,575
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $104,283
    Demand deposits $38,525
    Nontransaction accounts $206,936
    Money market deposit accounts (MMDAs) $25,057
    Other savings deposits (excluding MMDAs) $55,204
    Total time deposits $126,674
    Total time and savings deposits $272,694
    Noninterest-bearing deposits $38,525
    Interest-bearing deposits $272,694
    Retail deposits $271,422
    IRAs and Keogh plan accounts $20,310
    Brokered deposits $6,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $370,680
    Cash & Balances due from depository institutions $7,640
    Interest-bearing balances $2,188
    Total securities $61,590
    Federal funds sold & reverse repurchase $6,624
    Net loans and leases $272,901
    Loan and leases loss allowance $4,685
    Trading account assets $0
    Bank premises and fixed assets $11,838
    Other real estate owned $2,032
    Goodwill and other intangibles $1,021
    All other assets $7,034

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $370,680
    Total Liabilities $329,491
    Total deposits $311,219
    Interest-bearing deposits $272,694
    Deposits held in domestic offices $311,219
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $3,493
    Trading liabilities $0
    Other borrowed funds $13,400
    Subordinated debt $0
    All other liabilities $1,379

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $272,901
    Loan and leases loss allowance $4,685
    Total loans and leases (domestic) $277,586
    All real estate loans $221,716
    Real estate loans in domestic offices $221,716
    Construction and development loans $39,979
    Residential 1-4 family construction $16,683
    Other construction, all land development and other land $23,296
    Loans secured by nonfarm nonresidential properties $87,855
    Nonfarm nonresidential secured by owner-occupied properties $32,965
    Commercial real estate & other non-farm, non-residential $54,890
    Multifamily residential real estate $9,568
    1-4 family residential loans $75,468
    Farmland loans $8,846
    Loans held in foreign offices $0
    Farm loans $202
    Commercial and industrial loans $51,466
    To non-U.S. addressees $0
    Loans to individuals $3,220
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,548
    Other loans to individuals $1,672
    All other loans & leases $982
    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 $1,942
    Non 1-4 family restructured loans & leases $1,942
    Total loans and leases (foreign) $0

    United Bank of Union had $272,901,000 of loans outstanding in 2019. $221,716,000 of loans were in real estate loans. $39,979,000 of loans were in development loans. $9,568,000 of loans were in multifamily mortgage loans. $75,468,000 of loans were in 1-4 family mortgage loans. $202,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,548,000 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 153 $29,060 $189,935
    Nonfarm, nonresidential loans - <$100k 43 $1,688 $39,256
    Nonfarm, nonresidential loans - $100-250k 54 $7,302 $135,222
    Nonfarm, nonresidential loans - $250k-1MM 56 $20,070 $358,393
    Commercial & Industrial, US addressed loans - <$1MM 371 $23,455 $63,221
    Commercial & Industrial, US addressed loans - <$100k 241 $4,290 $17,801
    Commercial & Industrial, US addressed loans - $100-250k 80 $6,343 $79,288
    Commercial & Industrial, US addressed loans - $250k-1MM 50 $12,822 $256,440
    Farmland loans - <$1MM 19 $1,593 $83,842
    Farmland loans - <$100k 10 $389 $38,900
    Farmland loans - $100-250k 6 $706 $117,667
    Farmland loans - $250k-1MM 3 $498 $166,000
    Agriculture operations loans - <$1MM 5 $202 $40,400
    Agriculture operations loans - <$100k 4 $122 $30,500
    Agriculture operations loans - $100-250k 1 $80 $80,000