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, Refi, and Cash Out 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, Louisville, Springfield, Farmington, and Rolla among others. We have data for 10 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    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

    469

    Origination Dollar Volume (All Markets)

    $86,765,000

    Employee count

    75 Show all (5) 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) 420 $74,340,000 $177,000 $1,663 3.10%
    Outside of Metro Areas 39 $6,455,000 $165,513 $1,781 3.21%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $2,525,000 $2,525,000 $0 4.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $1,965,000 $1,965,000 $0 3.95%
    Farmington, MO (FHA|USDA|VA) 2 $630,000 $315,000 $1,492 2.88%
    Rolla, MO (FHA|USDA|VA) 2 $310,000 $155,000 $1,823 3.69%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $305,000 $305,000 $1,731 3.00%
    Warrensburg, MO (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.25%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.00%
    Sikeston, MO (FHA|USDA|VA) 1 $15,000 $15,000 $0 6.00%
    United Bank Of Union's top markets include St. Louis, Louisville, Springfield, Farmington, and Rolla among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Illinois (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.

    Town & Country Bank
    Similarity Rank: 328
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 370
    CapGrow Home Mortgage, LLC
    Similarity Rank: 552
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 627
    JERSEY STATE BANK
    Similarity Rank: 725
    HNB National Bank
    Similarity Rank: 910
    First National Bank of Waterloo
    Similarity Rank: 938
    VANTAGE Credit Union
    Similarity Rank: 1010
    Providence Bank
    Similarity Rank: 1102
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1260

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 454 $84,540,000 $186,211 $1,597 3.10%
    USDA 15 $2,225,000 $148,333 $3,585 3.78%

    For 2021, United Bank Of Union's most frequently originated type of loan was Conventional, with 454 originations. Their 2nd most popular type was USDA, with 15 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 170 $39,590,000 $232,882 $2,285 3.45%
    Refi 169 $25,985,000 $153,757 $1,263 2.99%
    Cash Out Refi 120 $19,560,000 $163,000 $1,515 2.86%
    Other 9 $1,615,000 $179,444 $1,687 3.07%
    Home Improvement 1 $15,000 $15,000 $721 4.50%

    For 2021, United Bank Of Union's most frequently cited loan purpose was Home Purchase, with 170 originations. The 2nd most popular reason was Refi, with 169 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 234 $45,340,000 $193,761 $1,892 3.22%
    15 Year 108 $16,130,000 $149,352 $1,363 2.55%
    20 Year 68 $9,590,000 $141,029 $1,433 3.22%
    Other 32 $12,130,000 $379,063 $1,704 4.04%
    10 Year 17 $1,575,000 $92,647 $1,365 2.60%
    1 Year 4 $760,000 $190,000 $1,864 4.35%
    3 Year 4 $520,000 $130,000 $721 4.78%
    5 Year 2 $720,000 $360,000 $2,441 4.38%

    For 2021, United Bank Of Union's most frequently cited loan duration was 30 Year, with 234 originations. The 2nd most popular length was 15 Year, with 108 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 381 $66,685,000 $175,026
    $1k-2k 2 $470,000 $235,000
    $3k-4k 2 $360,000 $180,000

    United Bank Of Union's average total fees were $1,892, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 381 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 188 $37,040,000 $197,021
    3-4% 123 $28,855,000 $234,593
    <2.5% 95 $12,795,000 $134,684
    4-5% 59 $7,995,000 $135,508
    5-6% 3 $55,000 $18,333
    6-7% 1 $25,000 $25,000

    During 2021, United Bank Of Union's average interest rate for loans was 3.22%, while their most frequently originated rate bucket for loans was 2.5-3%, with 188 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 222 $32,000,000 $144,144 $1,608 3.07%
    $200k-400k 119 $31,675,000 $266,176 $1,915 3.06%
    $100,000 or less 108 $7,490,000 $69,352 $1,355 3.26%
    $400k-600k 17 $8,675,000 $510,294 $2,574 3.32%
    $1MM+ 3 $6,925,000 $2,308,333 $0 3.98%

    2021 saw United Bank Of Union place emphasis on $100k-200k loans with 222 originations, totaling $32,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 100 $13,720,000 $137,200 $1,719 3.11%
    $75k-100k 87 $15,855,000 $182,241 $1,801 2.96%
    $100k-150k 84 $16,600,000 $197,619 $1,615 2.92%
    $50k or less 75 $7,785,000 $103,800 $1,509 3.16%
    $150k-250k 53 $12,135,000 $228,962 $1,743 3.07%
    $250k+ 21 $6,715,000 $319,762 $2,131 3.06%

    United Bank Of Union lent most frequently to those with incomes in the $50k-75k range, with 100 originations. The second most popular income band? $75k-100k, with 87 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 135 $23,745,000 $175,889 $1,762 2.98%
    <20% 89 $13,935,000 $156,573 $1,646 2.84%
    30-36% 78 $13,210,000 $169,359 $1,717 3.06%
    38% 17 $3,095,000 $182,059 $1,684 3.09%
    41% 16 $3,490,000 $218,125 $1,660 3.09%
    39% 12 $2,070,000 $172,500 $1,656 3.11%
    36% 11 $2,085,000 $189,545 $1,649 3.47%
    37% 9 $1,735,000 $192,778 $1,676 2.94%
    44% 8 $1,390,000 $173,750 $1,323 2.91%
    40% 8 $1,440,000 $180,000 $1,771 3.03%
    45% 7 $1,755,000 $250,714 $1,943 3.18%
    43% 6 $810,000 $135,000 $1,626 3.33%
    42% 5 $1,035,000 $207,000 $1,774 3.00%
    49% 3 $245,000 $81,667 $1,259 2.79%
    48% 2 $370,000 $185,000 $2,449 3.00%
    >60% 2 $30,000 $15,000 $0 5.75%
    47% 1 $55,000 $55,000 $1,417 2.50%
    50-60% 1 $225,000 $225,000 $15 4.00%

    United Bank Of Union lent most frequently to those with DTI ratios of 20-30%, with 135 originations. The next most common DTI ratio? <20%, with 89 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 390 $66,110,000 $169,513 $1,661 3.03%
    Not applicable 29 $11,075,000 $381,897 $0 4.33%
    Not provided 45 $8,735,000 $194,111 $1,795 3.22%
    Asian Indian 2 $470,000 $235,000 $2,193 3.56%
    American Indian 2 $210,000 $105,000 $1,166 2.69%
    Asian 1 $165,000 $165,000 $1,823 3.13%

    Approval Rates

    Total approvals of all applications
    98.69%

    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
    87.85%

    United Bank Of Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $15,000 $15,000
    580.58 1 $15,000 $15,000
    NA 467 $86,735,000 $185,728

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    469 $86,765,000 $185,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $5,245,000 $111,596 $1,517 3.01%
    40-60% 99 $16,525,000 $166,919 $1,433 2.89%
    60-80% 229 $47,465,000 $207,271 $1,602 3.16%
    80-100% 87 $17,095,000 $196,494 $2,295 3.32%
    Under 20% 7 $435,000 $62,143 $528 3.77%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Other type of mortgage Trouble during payment process 1 20.0%
    UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 1 20.0%
    UNITED COMMUNITY BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 20.0%
    UNITED COMMUNITY BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    UNITED COMMUNITY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%

    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 $64,430
    United Bank of Union 15 East Main Street Union, MO 63084 Full Service B&M $283,088
    United Bank of Union 210 Highway 50 West Union, MO 63084 Full Service B&M $30,957

    For 2021, United Bank Of Union had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,741
    Net interest income $15,269
    Total noninterest income $3,577
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $383
    Trading account gains and fees $0
    Additional Noninterest Income $3,194
    Pre-tax net operating income $6,912
    Securities gains (or losses, -) $125
    Income before extraordinary items $7,037
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,037
    Minority interest net income $0
    Net income $7,037
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,912

    United Bank Of Union's gross interest income from loans was $16,741,000.
    United Bank Of Union's net interest income from loans was $15,269,000.
    United Bank Of Union's fee based income from loans was $383,000.
    United Bank Of Union's net income from loans was $7,037,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,472
    Provision for credit losses $850
    Total noninterest expense $11,084
    Salaries and employee benefits $5,648
    Premises and equipment expense $1,058
    Additional noninterest expense $4,378
    Applicable income taxes $0
    Net charge-offs $348
    Cash dividends $3,845

    United Bank Of Union's interest expense for loans was $1,472,000.
    United Bank Of Union's payroll and benefits expense were $5,648,000.
    United Bank Of Union's property, plant and equipment expenses $1,058,000.

    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 10.0%
    Nonfarm, nonresidential loans 1.0%
    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 $386,991
    Deposits held in domestic offices $386,991
    Deposits by Individuals, partnerships, and corporations $317,510
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $63,599
    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 $166,296
    Demand deposits $67,393
    Nontransaction accounts $220,695
    Money market deposit accounts (MMDAs) $30,264
    Other savings deposits (excluding MMDAs) $76,380
    Total time deposits $114,050
    Total time and savings deposits $319,598
    Noninterest-bearing deposits $67,393
    Interest-bearing deposits $319,598
    Retail deposits $347,980
    IRAs and Keogh plan accounts $19,351
    Brokered deposits $15,529
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $456,873
    Cash & Balances due from depository institutions $5,422
    Interest-bearing balances $1,572
    Total securities $87,911
    Federal funds sold & reverse repurchase $12,320
    Net loans and leases $333,016
    Loan and leases loss allowance $5,319
    Trading account assets $0
    Bank premises and fixed assets $11,854
    Other real estate owned $0
    Goodwill and other intangibles $1,223
    All other assets $5,127

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $456,873
    Total Liabilities $410,290
    Total deposits $386,991
    Interest-bearing deposits $319,598
    Deposits held in domestic offices $386,991
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $2,035
    Trading liabilities $0
    Other borrowed funds $20,750
    Subordinated debt $0
    All other liabilities $514

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $333,016
    Loan and leases loss allowance $5,319
    Total loans and leases (domestic) $338,335
    All real estate loans $265,961
    Real estate loans in domestic offices $265,961
    Construction and development loans $51,537
    Residential 1-4 family construction $11,110
    Other construction, all land development and other land $40,427
    Loans secured by nonfarm nonresidential properties $112,676
    Nonfarm nonresidential secured by owner-occupied properties $46,410
    Commercial real estate & other non-farm, non-residential $66,266
    Multifamily residential real estate $32,045
    1-4 family residential loans $66,724
    Farmland loans $2,979
    Loans held in foreign offices $0
    Farm loans $335
    Commercial and industrial loans $68,364
    To non-U.S. addressees $0
    Loans to individuals $3,675
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,371
    Other loans to individuals $2,304
    All other loans & leases $0
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    United Bank of Union had $333,016,000 of loans outstanding in 2021. $265,961,000 of loans were in real estate loans. $51,537,000 of loans were in development loans. $32,045,000 of loans were in multifamily mortgage loans. $66,724,000 of loans were in 1-4 family mortgage loans. $335,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,371,000 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 158 $31,069 $196,639
    Nonfarm, nonresidential loans - <$100k 45 $1,508 $33,511
    Nonfarm, nonresidential loans - $100-250k 58 $7,844 $135,241
    Nonfarm, nonresidential loans - $250k-1MM 55 $21,717 $394,855
    Commercial & Industrial, US addressed loans - <$1MM 366 $21,789 $59,533
    Commercial & Industrial, US addressed loans - <$100k 220 $3,602 $16,373
    Commercial & Industrial, US addressed loans - $100-250k 97 $7,774 $80,144
    Commercial & Industrial, US addressed loans - $250k-1MM 49 $10,413 $212,510
    Farmland loans - <$1MM 12 $1,091 $90,917
    Farmland loans - <$100k 7 $188 $26,857
    Farmland loans - $100-250k 3 $455 $151,667
    Farmland loans - $250k-1MM 2 $448 $224,000
    Agriculture operations loans - <$1MM 8 $335 $41,875
    Agriculture operations loans - <$100k 6 $163 $27,167
    Agriculture operations loans - $100-250k 2 $172 $86,000