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)

    • Review & Overview

    United Bank Of Union is a smaller bank specializing in 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, Oklahoma City, Branson, Farmington, and Fort Leonard Wood among others. We have data for 9 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% 4/28/24
    30 Year Conventional Refi 6.61% 4/28/24
    30 Year Cash-out Refi 6.27% 4/28/24
    30 Year USDA Purchase 7.19% 4/28/24
    15 Year Conventional Purchase 5.76% 4/28/24
    15 Year Conventional Refi 5.70% 4/28/24
    15 Year Cash-out Refi 5.70% 4/28/24
    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

    287

    Origination Dollar Volume (All Markets)

    $58,855,000

    Awards

    United Bank of Union 30 Year Conventional Loans gold United Bank of Union 30 Year Conventional Loans gold United Bank of Union 30 Year Conventional Loans gold
    Show all (3) 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) 246 $43,480,000 $176,748 $1,849 4.74%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $7,325,000 $7,325,000 $0 4.50%
    Outside of Metro Areas 28 $5,840,000 $208,571 $2,096 4.83%
    Branson, MO (FHA|USDA|VA) 4 $1,330,000 $332,500 $2,492 5.21%
    Farmington, MO (FHA|USDA|VA) 2 $220,000 $110,000 $2,587 5.50%
    Fort Leonard Wood, MO (FHA|USDA|VA) 2 $210,000 $105,000 $0 4.88%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $185,000 $185,000 $840 4.00%
    Rolla, MO (FHA|USDA|VA) 2 $180,000 $90,000 $0 5.25%
    Mexico, MO (FHA|USDA|VA) 1 $85,000 $85,000 $2,365 5.50%
    United Bank Of Union's top markets include St. Louis, Oklahoma City, Branson, Farmington, and Fort Leonard Wood among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Nebraska (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.

    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 126
    First National Bank of Waterloo
    Similarity Rank: 216
    Gateway Metro Federal Credit Union
    Similarity Rank: 240
    MORTGAGE SOLUTIONS LLC
    Similarity Rank: 368
    United Bank of Union
    Similarity Rank: 450
    JERSEY STATE BANK
    Similarity Rank: 452
    Bank of Washington
    Similarity Rank: 728
    ALLTRU Federal Credit Union
    Similarity Rank: 764
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 888

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 284 $58,540,000 $206,127 $1,865 4.76%
    USDA 3 $315,000 $105,000 $3,376 5.38%

    For 2022, United Bank Of Union's most frequently originated type of loan was Conventional, with 284 originations. Their 2nd most popular type was USDA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 166 $41,930,000 $252,590 $2,295 4.92%
    Refi 63 $9,455,000 $150,079 $1,253 4.71%
    Cash Out Refi 34 $5,580,000 $164,118 $1,584 3.65%
    Other 16 $1,480,000 $92,500 $1,422 5.08%
    Home Improvement 8 $410,000 $51,250 $959 5.96%

    For 2022, United Bank Of Union's most frequently cited loan purpose was Home Purchase, with 166 originations. The 2nd most popular reason was Refi, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 174 $33,840,000 $194,483 $1,984 4.65%
    20 Year 34 $6,070,000 $178,529 $1,698 4.66%
    Other 28 $10,680,000 $381,429 $901 5.53%
    15 Year 27 $4,625,000 $171,296 $1,861 4.19%
    1 Year 10 $2,030,000 $203,000 $1,396 5.29%
    10 Year 7 $645,000 $92,143 $1,151 5.06%
    5 Year 7 $965,000 $137,857 $1,454 6.11%

    For 2022, United Bank Of Union's most frequently cited loan duration was 30 Year, with 174 originations. The 2nd most popular length was 20 Year, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 211 $38,315,000 $181,588
    $1k-2k 5 $555,000 $111,000
    $2k-3k 1 $555,000 $555,000
    $3k-4k 1 $315,000 $315,000
    $5k+ 1 $355,000 $355,000

    United Bank Of Union's average total fees were $1,984, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 211 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 92 $25,030,000 $272,065
    5-6% 80 $14,180,000 $177,250
    3-4% 69 $13,615,000 $197,319
    6-7% 29 $2,645,000 $91,207
    2.5-3% 14 $3,300,000 $235,714
    7-8% 2 $50,000 $25,000
    <2.5% 1 $35,000 $35,000

    During 2022, United Bank Of Union's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 4-5%, with 92 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 118 $16,730,000 $141,780 $1,749 4.60%
    $100,000 or less 79 $4,955,000 $62,722 $1,393 5.28%
    $200k-400k 69 $18,705,000 $271,087 $2,393 4.57%
    $400k-600k 16 $7,740,000 $483,750 $2,533 4.20%
    $600k-1MM 3 $2,395,000 $798,333 $3,978 5.17%
    $1MM+ 2 $8,330,000 $4,165,000 $2,792 4.75%

    2022 saw United Bank Of Union place emphasis on $100k-200k loans with 118 originations, totaling $16,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 61 $5,755,000 $94,344 $1,683 4.91%
    $50k-75k 52 $7,020,000 $135,000 $1,713 4.51%
    $100k-150k 49 $11,795,000 $240,714 $2,160 4.43%
    $75k-100k 42 $6,210,000 $147,857 $1,802 4.81%
    $150k-250k 29 $6,975,000 $240,517 $2,180 4.72%
    $250k+ 13 $4,495,000 $345,769 $2,355 4.53%

    United Bank Of Union lent most frequently to those with incomes in the $50k or less range, with 61 originations. The second most popular income band? $50k-75k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 65 $9,945,000 $153,000 $1,875 4.57%
    30-36% 54 $8,650,000 $160,185 $1,950 4.56%
    <20% 44 $8,020,000 $182,273 $1,785 4.61%
    43% 12 $1,700,000 $141,667 $1,566 4.71%
    39% 9 $1,555,000 $172,778 $1,737 4.95%
    38% 7 $2,125,000 $303,571 $2,134 4.73%
    44% 7 $875,000 $125,000 $1,901 4.62%
    36% 7 $1,115,000 $159,286 $2,490 5.06%
    37% 6 $920,000 $153,333 $1,816 4.96%
    40% 6 $1,410,000 $235,000 $2,367 4.83%
    42% 5 $1,215,000 $243,000 $1,887 5.05%
    45% 5 $985,000 $197,000 $1,571 5.39%
    41% 4 $960,000 $240,000 $2,136 5.41%
    47% 3 $435,000 $145,000 $2,294 4.50%
    46% 3 $565,000 $188,333 $1,962 4.08%
    49% 3 $645,000 $215,000 $1,372 4.88%
    50-60% 2 $200,000 $100,000 $2,289 5.48%
    48% 1 $185,000 $185,000 $1,643 3.63%
    >60% 1 $115,000 $115,000 $1,128 3.50%

    United Bank Of Union lent most frequently to those with DTI ratios of 20-30%, with 65 originations. The next most common DTI ratio? 30-36%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 235 $40,825,000 $173,723 $1,883 4.70%
    Not applicable 35 $15,205,000 $434,429 $0 5.37%
    Not provided 15 $2,495,000 $166,333 $1,861 4.36%
    American Indian 2 $330,000 $165,000 $2,838 4.50%

    Approval Rates

    Total approvals of all applications
    98.18%

    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
    87.46%

    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
    100.0 1 $35,000 $35,000
    NA 285 $58,805,000 $206,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    287 $58,855,000 $205,070

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $4,585,000 $123,919 $1,307 4.74%
    40-60% 52 $8,770,000 $168,654 $1,723 4.60%
    60-80% 125 $30,735,000 $245,880 $2,010 4.61%
    80-100% 59 $14,305,000 $242,458 $2,316 4.95%
    Under 20% 14 $460,000 $32,857 $807 6.04%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Conventional home mortgage Closing on a mortgage 1 100.0%