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™
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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 Refi, Cash Out Refi, and Home Purchase 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, Springfield, Branson, and Joplin 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

    625

    Origination Dollar Volume (All Markets)

    $133,305,000

    Employee count

    79 Show all (7) 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) 580 $111,400,000 $192,069 $1,488 3.01%
    SPRINGFIELD, MO (FHA|USDA|VA) 4 $15,230,000 $3,807,500 $3,501 3.31%
    Outside of Metro Areas 38 $6,210,000 $163,421 $1,574 3.15%
    Branson, MO (FHA|USDA|VA) 2 $310,000 $155,000 $1,354 2.88%
    JOPLIN, MO (FHA|USDA|VA) 1 $155,000 $155,000 $2,084 3.00%
    United Bank Of Union's top markets include St. Louis, Springfield, Branson, and Joplin 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.

    HNB National Bank
    Similarity Rank: 165
    United Bank of Union
    Similarity Rank: 245
    CapGrow Home Mortgage, LLC
    Similarity Rank: 352
    Prairie State Bank and Trust
    Similarity Rank: 360
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 428
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 770
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 1090
    MISSOURI Credit Union
    Similarity Rank: 1216
    INB
    Similarity Rank: 1241
    ALLTRU Federal Credit Union
    Similarity Rank: 1316

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 609 $131,025,000 $215,148 $1,428 3.01%
    USDA 16 $2,280,000 $142,500 $3,946 3.15%

    For 2020, United Bank Of Union's most frequently originated type of loan was Conventional, with 609 originations. Their 2nd most popular type was USDA, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 306 $64,120,000 $209,542 $1,229 2.96%
    Cash Out Refi 165 $34,055,000 $206,394 $1,451 2.86%
    Home Purchase 144 $33,550,000 $232,986 $2,245 3.25%
    Other 9 $1,555,000 $172,778 $1,306 3.83%
    Home Improvement 1 $25,000 $25,000 $0 5.75%

    For 2020, United Bank Of Union's most frequently cited loan purpose was Refi, with 306 originations. The 2nd most popular reason was Cash Out Refi, with 165 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 313 $63,815,000 $203,882 $1,728 3.02%
    15 Year 139 $22,255,000 $160,108 $1,280 2.59%
    20 Year 89 $15,785,000 $177,360 $1,258 3.06%
    Other 35 $6,675,000 $190,714 $1,189 4.16%
    10 Year 33 $4,535,000 $137,424 $1,224 2.75%
    1 Year 9 $2,375,000 $263,889 $234 4.58%
    5 Year 5 $17,645,000 $3,529,000 $0 3.97%
    3 Year 2 $220,000 $110,000 $519 4.75%

    For 2020, United Bank Of Union's most frequently cited loan duration was 30 Year, with 313 originations. The 2nd most popular length was 15 Year, with 139 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 548 $101,780,000 $185,730
    $1k-2k 6 $1,840,000 $306,667

    United Bank Of Union's average total fees were $1,728, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 548 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 313 $63,185,000 $201,869
    <2.5% 145 $23,485,000 $161,966
    3-4% 112 $35,090,000 $313,304
    4-5% 46 $11,120,000 $241,739
    5-6% 5 $255,000 $51,000
    7-8% 3 $115,000 $38,333
    6-7% 1 $55,000 $55,000

    During 2020, United Bank Of Union's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 313 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 272 $39,170,000 $144,007 $1,536 2.88%
    $200k-400k 181 $49,195,000 $271,796 $1,600 2.96%
    $100,000 or less 134 $9,390,000 $70,075 $1,213 3.29%
    $400k-600k 29 $13,765,000 $474,655 $1,689 3.03%
    $1MM+ 6 $19,350,000 $3,225,000 $1,923 3.81%
    $600k-1MM 3 $2,435,000 $811,667 $118 4.42%

    2020 saw United Bank Of Union place emphasis on $100k-200k loans with 272 originations, totaling $39,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 153 $31,325,000 $204,739 $1,391 2.97%
    $75k-100k 115 $18,955,000 $164,826 $1,601 2.88%
    $50k-75k 109 $15,325,000 $140,596 $1,463 2.95%
    $50k or less 103 $10,575,000 $102,670 $1,666 3.10%
    $150k-250k 77 $20,705,000 $268,896 $1,527 2.90%
    $250k+ 28 $10,760,000 $384,286 $1,423 3.15%

    United Bank Of Union lent most frequently to those with incomes in the $100k-150k range, with 153 originations. The second most popular income band? $75k-100k, with 115 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 205 $35,745,000 $174,366 $1,472 2.91%
    <20% 142 $25,150,000 $177,113 $1,411 2.94%
    30-36% 104 $20,240,000 $194,615 $1,745 2.89%
    36% 16 $2,390,000 $149,375 $1,779 3.15%
    44% 13 $1,805,000 $138,846 $1,299 3.00%
    37% 13 $2,895,000 $222,692 $1,672 2.74%
    40% 11 $2,395,000 $217,727 $1,718 3.16%
    38% 11 $1,555,000 $141,364 $1,544 2.85%
    39% 10 $2,400,000 $240,000 $1,398 3.33%
    41% 10 $1,460,000 $146,000 $1,232 3.04%
    45% 8 $1,150,000 $143,750 $1,653 3.52%
    42% 7 $1,615,000 $230,714 $1,445 3.43%
    43% 7 $975,000 $139,286 $1,301 2.93%
    46% 7 $1,735,000 $247,857 $1,629 2.98%
    47% 6 $1,270,000 $211,667 $1,571 3.10%
    48% 4 $1,220,000 $305,000 $1,594 3.00%
    49% 3 $445,000 $148,333 $1,688 2.71%
    50-60% 3 $1,695,000 $565,000 $163 4.47%
    >60% 2 $70,000 $35,000 $1,038 5.00%

    United Bank Of Union lent most frequently to those with DTI ratios of 20-30%, with 205 originations. The next most common DTI ratio? <20%, with 142 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 547 $101,605,000 $185,750 $1,512 2.98%
    Not applicable 20 $21,510,000 $1,075,500 $0 4.52%
    Not provided 46 $8,050,000 $175,000 $1,285 2.72%
    Asian 5 $1,095,000 $219,000 $2,411 2.80%
    American Indian 2 $390,000 $195,000 $1,358 4.06%
    Asian Indian 2 $240,000 $120,000 $714 2.56%
    Black 2 $220,000 $110,000 $1,200 3.81%
    Native Hawaiian or Islander 1 $195,000 $195,000 $2,181 3.00%

    Approval Rates

    Total approvals of all applications
    97.66%

    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
    93.12%

    United Bank Of Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 625 $133,305,000 $213,288

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $795,000 $265,000
    Multifamily:Site-Built 8 $18,440,000 $2,305,000
    Single Family (1-4 Units):Manufactured 25 $2,105,000 $84,200
    Single Family (1-4 Units):Site-Built 589 $111,965,000 $190,093

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 63 $7,635,000 $121,190 $1,225 2.97%
    40-60% 129 $28,895,000 $223,992 $1,374 2.77%
    60-80% 307 $74,555,000 $242,850 $1,414 3.04%
    80-100% 110 $21,360,000 $194,182 $2,089 3.08%
    Over 100% 1 $95,000 $95,000 $3,657 3.25%
    Under 20% 15 $765,000 $51,000 $701 4.35%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 3 50.0%
    UNITED COMMUNITY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    UNITED COMMUNITY BANK Conventional home mortgage Closing on a mortgage 1 16.7%
    UNITED COMMUNITY BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 16.7%

    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 $50,969
    United Bank of Union 15 East Main Street Union, MO 63084 Full Service B&M $279,761
    United Bank of Union 210 Highway 50 West Union, MO 63084 Full Service B&M $24,657

    For 2020, United Bank Of Union had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,814
    Net interest income $14,292
    Total noninterest income $3,879
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $391
    Trading account gains and fees $0
    Additional Noninterest Income $3,488
    Pre-tax net operating income $7,326
    Securities gains (or losses, -) $154
    Income before extraordinary items $7,480
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,480
    Minority interest net income $0
    Net income $7,480
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,326

    United Bank Of Union's gross interest income from loans was $16,814,000.
    United Bank Of Union's net interest income from loans was $14,292,000.
    United Bank Of Union's fee based income from loans was $391,000.
    United Bank Of Union's net income from loans was $7,480,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,522
    Provision for credit losses $910
    Total noninterest expense $9,935
    Salaries and employee benefits $5,331
    Premises and equipment expense $984
    Additional noninterest expense $3,620
    Applicable income taxes $0
    Net charge-offs $778
    Cash dividends $4,552

    United Bank Of Union's interest expense for loans was $2,522,000.
    United Bank Of Union's payroll and benefits expense were $5,331,000.
    United Bank Of Union's property, plant and equipment expenses $984,000.

    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 11.0%
    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 1.0%
    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 $346,241
    Deposits held in domestic offices $346,241
    Deposits by Individuals, partnerships, and corporations $279,860
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $60,500
    Deposits by Commercial banks and other depository institutions in U.S. $5,880
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $142,091
    Demand deposits $51,258
    Nontransaction accounts $204,150
    Money market deposit accounts (MMDAs) $27,668
    Other savings deposits (excluding MMDAs) $64,146
    Total time deposits $112,337
    Total time and savings deposits $294,983
    Noninterest-bearing deposits $51,258
    Interest-bearing deposits $294,983
    Retail deposits $313,898
    IRAs and Keogh plan accounts $19,771
    Brokered deposits $5,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $419,940
    Cash & Balances due from depository institutions $4,358
    Interest-bearing balances $1,204
    Total securities $72,077
    Federal funds sold & reverse repurchase $8,130
    Net loans and leases $316,164
    Loan and leases loss allowance $4,817
    Trading account assets $0
    Bank premises and fixed assets $11,826
    Other real estate owned $796
    Goodwill and other intangibles $1,206
    All other assets $5,383

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $419,940
    Total Liabilities $374,617
    Total deposits $346,241
    Interest-bearing deposits $294,983
    Deposits held in domestic offices $346,241
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $1,812
    Trading liabilities $0
    Other borrowed funds $25,750
    Subordinated debt $0
    All other liabilities $814

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $316,164
    Loan and leases loss allowance $4,817
    Total loans and leases (domestic) $320,981
    All real estate loans $256,528
    Real estate loans in domestic offices $256,528
    Construction and development loans $48,596
    Residential 1-4 family construction $19,122
    Other construction, all land development and other land $29,474
    Loans secured by nonfarm nonresidential properties $112,110
    Nonfarm nonresidential secured by owner-occupied properties $34,142
    Commercial real estate & other non-farm, non-residential $77,968
    Multifamily residential real estate $15,364
    1-4 family residential loans $72,175
    Farmland loans $8,283
    Loans held in foreign offices $0
    Farm loans $211
    Commercial and industrial loans $60,839
    To non-U.S. addressees $0
    Loans to individuals $3,014
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,361
    Other loans to individuals $1,653
    All other loans & leases $390
    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 $1,975
    Non 1-4 family restructured loans & leases $1,975
    Total loans and leases (foreign) $0

    United Bank of Union had $316,164,000 of loans outstanding in 2020. $256,528,000 of loans were in real estate loans. $48,596,000 of loans were in development loans. $15,364,000 of loans were in multifamily mortgage loans. $72,175,000 of loans were in 1-4 family mortgage loans. $211,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,361,000 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 143 $27,215 $190,315
    Nonfarm, nonresidential loans - <$100k 41 $1,432 $34,927
    Nonfarm, nonresidential loans - $100-250k 50 $6,706 $134,120
    Nonfarm, nonresidential loans - $250k-1MM 52 $19,077 $366,865
    Commercial & Industrial, US addressed loans - <$1MM 368 $21,410 $58,179
    Commercial & Industrial, US addressed loans - <$100k 228 $3,923 $17,206
    Commercial & Industrial, US addressed loans - $100-250k 92 $7,126 $77,457
    Commercial & Industrial, US addressed loans - $250k-1MM 48 $10,361 $215,854
    Farmland loans - <$1MM 16 $1,372 $85,750
    Farmland loans - <$100k 9 $233 $25,889
    Farmland loans - $100-250k 5 $666 $133,200
    Farmland loans - $250k-1MM 2 $473 $236,500
    Agriculture operations loans - <$1MM 6 $211 $35,167
    Agriculture operations loans - <$100k 5 $159 $31,800
    Agriculture operations loans - $100-250k 1 $52 $52,000