Ubank Mortgage Rates, Fees & Info

Jellico, TN

LEI: 549300BG5GYUSWMP2R94

Tax ID: 62-0391070

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Ubank is a smaller bank specializing in Refi and Home Purchase loans. Ubank has a high proportion of conventional loans. Their top markets by origination volume include: Knoxville, London, Johnson City, and Newport among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Ubank 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.

    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.

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    Originations

    54

    Origination Dollar Volume (All Markets)

    $9,520,000

    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
    KNOXVILLE, TN (FHA|USDA|VA) 43 $6,935,000 $161,279 $0 0.00%
    London, KY (FHA|USDA|VA) 9 $1,395,000 $155,000 $0 0.00%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $885,000 $885,000 $0 0.00%
    Newport, TN (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Ubank's top markets include Knoxville, London, Johnson City, and Newport among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 54 $9,520,000 $176,296 $0 0.00%

    For 2023, Ubank's most frequently originated type of loan was Conventional, with 54 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 25 $2,515,000 $100,600 $0 0.00%
    Home Purchase 22 $6,260,000 $284,545 $0 0.00%
    Home Improvement 7 $745,000 $106,429 $0 0.00%

    For 2023, Ubank's most frequently cited loan purpose was Refi, with 25 originations. The 2nd most popular reason was Home Purchase, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 54 $9,520,000 $176,296 $0 0.00%

    For 2023, Ubank's most frequently cited loan duration was Other, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 32 $1,450,000 $45,313 $0 0.00%
    $100k-200k 8 $1,060,000 $132,500 $0 0.00%
    $200k-400k 7 $1,965,000 $280,714 $0 0.00%
    $400k-600k 3 $1,515,000 $505,000 $0 0.00%
    $600k-1MM 3 $2,405,000 $801,667 $0 0.00%
    $1MM+ 1 $1,125,000 $1,125,000 $0 0.00%

    2023 saw Ubank place emphasis on $100,000 or less loans with 32 originations, totaling $1,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 16 $1,010,000 $63,125 $0 0.00%
    $50k-75k 13 $865,000 $66,538 $0 0.00%
    $75k-100k 6 $420,000 $70,000 $0 0.00%
    $100k-150k 4 $440,000 $110,000 $0 0.00%
    $250k+ 4 $2,010,000 $502,500 $0 0.00%
    $150k-250k 3 $1,255,000 $418,333 $0 0.00%

    Ubank lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $50k-75k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 54 $9,520,000 $176,296 $0 0.00%

    Ubank lent most frequently to those with DTI ratios of Exempt%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 43 $5,425,000 $126,163 $0 0.00%
    Not applicable 7 $3,215,000 $459,286 $0 0.00%
    Other Asian 1 $495,000 $495,000 $0 0.00%
    Black 2 $280,000 $140,000 $0 0.00%
    Not provided 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.32%

    Ubank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.30%

    Ubank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 54 $9,520,000 $176,296

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    54 $9,520,000 $176,296