United Bank Mortgage Rates, Fees & Info

Springdale, AR

LEI: 549300C6XY8GTVR2TV60

Tax ID: 71-0512514

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Mortgage Data

Bank Data

Review & Overview

United Bank is a smaller bank specializing in Home Purchase and Refi loans. United Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Fayetteville, Fort Smith, Albuquerque, Little Rock, and Joplin among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

United Bank 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.

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 6.80% 3/28/24
30 Year Conventional Refi 6.51% 3/28/24
30 Year Cash-out Refi 6.64% 3/28/24
30 Year FHA Purchase 6.91% 3/28/24
30 Year VA Purchase 5.65% 3/28/24
30 Year VA Refi 6.52% 3/28/24
30 Year USDA Purchase 7.27% 3/28/24
15 Year Conventional Purchase 5.89% 3/28/24
15 Year Conventional Refi 6.04% 3/28/24
15 Year Cash-out Refi 6.04% 3/28/24
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 Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from United Bank. 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

197

Origination Dollar Volume (All Markets)

$47,375,000

Employee count

52

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
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 182 $45,500,000 $250,000 $0 0.00%
FORT SMITH, AR-OK (FHA|USDA|VA) 7 $825,000 $117,857 $0 0.00%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
Outside of Metro Areas 3 $205,000 $68,333 $0 0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
JOPLIN, MO (FHA|USDA|VA) 2 $150,000 $75,000 $0 0.00%
Harrison, AR (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
United Bank's top markets include Fayetteville, Fort Smith, Albuquerque, Little Rock, and Joplin among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against United Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Truity Federal Credit Union
    Similarity Rank: 533
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    Similarity Rank: 693
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    Generations Bank
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    First National Bank
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    Armstrong Bank
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    Priority Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 145 $37,255,000 $256,931 $0 0.00%
    FHA 34 $6,610,000 $194,412 $0 0.00%
    USDA 11 $1,765,000 $160,455 $0 0.00%
    VA 7 $1,745,000 $249,286 $0 0.00%

    For 2018, United Bank's most frequently originated type of loan was Conventional, with 145 originations. Their 2nd most popular type was FHA, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 151 $28,395,000 $188,046 $0 0.00%
    Refi 24 $12,920,000 $538,333 $0 0.00%
    Cash Out Refi 16 $5,350,000 $334,375 $0 0.00%
    Home Improvement 3 $135,000 $45,000 $0 0.00%
    Other 3 $575,000 $191,667 $0 0.00%

    For 2018, United Bank's most frequently cited loan purpose was Home Purchase, with 151 originations. The 2nd most popular reason was Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 197 $47,375,000 $240,482 $0 0.00%

    For 2018, United Bank's most frequently cited loan duration was Other, with 197 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 102 $14,480,000 $141,961 $0 0.00%
    $200k-400k 56 $15,100,000 $269,643 $0 0.00%
    $100,000 or less 26 $1,820,000 $70,000 $0 0.00%
    $1MM+ 6 $12,220,000 $2,036,667 $0 0.00%
    $400k-600k 6 $2,820,000 $470,000 $0 0.00%
    $600k-1MM 1 $935,000 $935,000 $0 0.00%

    2018 saw United Bank place emphasis on $100k-200k loans with 102 originations, totaling $14,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 43 $7,035,000 $163,605 $0 0.00%
    $100k-150k 34 $7,120,000 $209,412 $0 0.00%
    $75k-100k 26 $4,970,000 $191,154 $0 0.00%
    $50k or less 22 $2,870,000 $130,455 $0 0.00%
    $150k-250k 17 $4,085,000 $240,294 $0 0.00%
    $250k+ 7 $3,615,000 $516,429 $0 0.00%

    United Bank lent most frequently to those with incomes in the $50k-75k range, with 43 originations. The second most popular income band? $100k-150k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 197 $47,375,000 $240,482 $0 0.00%

    United Bank lent most frequently to those with DTI ratios of Exempt%, with 197 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 129 $25,585,000 $198,333 $0 0.00%
    Not applicable 48 $17,680,000 $368,333 $0 0.00%
    Asian 12 $2,130,000 $177,500 $0 0.00%
    Not provided 4 $850,000 $212,500 $0 0.00%
    American Indian 2 $730,000 $365,000 $0 0.00%
    Asian Indian 1 $225,000 $225,000 $0 0.00%
    Black 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.01%

    United Bank 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
    84.77%

    United Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 197 $47,375,000 $240,482

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $11,875,000 $1,319,444
    Single Family (1-4 Units):Site-Built 188 $35,500,000 $188,830

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Other type of mortgage Trouble during payment process 1 25.0%
    UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 1 25.0%
    UNITED COMMUNITY BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    UNITED COMMUNITY BANK Other type of mortgage Struggling to pay mortgage 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    United Bank 2600 South Thompson Springdale, AR 72764 Full Service B&M $82,684
    United Bank 3333 West Walnut Rogers, AR 72756 Full Service B&M $34,926
    United Bank 607 West Emma Springdale, AR 72764 Full Service B&M $13,147
    United Bank 670 East Joyce Boulevard Fayetteville, AR 72703 Full Service B&M $15,791

    For 2018, United Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,624
    Net interest income $6,456
    Total noninterest income $1,106
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $318
    Trading account gains and fees $0
    Additional Noninterest Income $788
    Pre-tax net operating income $1,636
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,636
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,636
    Minority interest net income $0
    Net income $1,636
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,636

    United Bank's gross interest income from loans was $8,624,000.
    United Bank's net interest income from loans was $6,456,000.
    United Bank's fee based income from loans was $318,000.
    United Bank's net income from loans was $1,636,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,168
    Provision for credit losses $-100
    Total noninterest expense $6,026
    Salaries and employee benefits $3,638
    Premises and equipment expense $558
    Additional noninterest expense $1,830
    Applicable income taxes $0
    Net charge-offs $4
    Cash dividends $1,625

    United Bank's interest expense for loans was $2,168,000.
    United Bank's payroll and benefits expense were $3,638,000.
    United Bank's property, plant and equipment expenses $558,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $156,312
    Deposits held in domestic offices $156,312
    Deposits by Individuals, partnerships, and corporations $138,976
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,524
    Deposits by Commercial banks and other depository institutions in U.S. $5,812
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $52,667
    Demand deposits $20,310
    Nontransaction accounts $103,645
    Money market deposit accounts (MMDAs) $11,543
    Other savings deposits (excluding MMDAs) $6,831
    Total time deposits $85,270
    Total time and savings deposits $136,002
    Noninterest-bearing deposits $20,310
    Interest-bearing deposits $136,002
    Retail deposits $127,386
    IRAs and Keogh plan accounts $6,588
    Brokered deposits $7,688
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $194,650
    Cash & Balances due from depository institutions $18,747
    Interest-bearing balances $13,077
    Total securities $4,896
    Federal funds sold & reverse repurchase $1,750
    Net loans and leases $158,610
    Loan and leases loss allowance $2,198
    Trading account assets $0
    Bank premises and fixed assets $8,410
    Other real estate owned $18
    Goodwill and other intangibles $0
    All other assets $2,219

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $194,650
    Total Liabilities $171,654
    Total deposits $156,312
    Interest-bearing deposits $136,002
    Deposits held in domestic offices $156,312
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $14,240
    Subordinated debt $0
    All other liabilities $1,102

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $158,610
    Loan and leases loss allowance $2,198
    Total loans and leases (domestic) $160,808
    All real estate loans $136,567
    Real estate loans in domestic offices $136,567
    Construction and development loans $26,187
    Residential 1-4 family construction $13,310
    Other construction, all land development and other land $12,877
    Loans secured by nonfarm nonresidential properties $37,062
    Nonfarm nonresidential secured by owner-occupied properties $21,788
    Commercial real estate & other non-farm, non-residential $15,274
    Multifamily residential real estate $5,034
    1-4 family residential loans $67,195
    Farmland loans $1,089
    Loans held in foreign offices $0
    Farm loans $49
    Commercial and industrial loans $22,580
    To non-U.S. addressees $0
    Loans to individuals $1,612
    Credit card loans $0
    Related Plans $199
    Consumer Auto Loans $424
    Other loans to individuals $989
    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 $1,520
    Non 1-4 family restructured loans & leases $916
    Total loans and leases (foreign) $0

    United Bank had $158,610,000 of loans outstanding in 2018. $136,567,000 of loans were in real estate loans. $26,187,000 of loans were in development loans. $5,034,000 of loans were in multifamily mortgage loans. $67,195,000 of loans were in 1-4 family mortgage loans. $49,000 of loans were in farm loans. $0 of loans were in credit card loans. $424,000 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 70 $16,464 $235,200
    Nonfarm, nonresidential loans - <$100k 10 $450 $45,000
    Nonfarm, nonresidential loans - $100-250k 23 $2,761 $120,043
    Nonfarm, nonresidential loans - $250k-1MM 37 $13,253 $358,189
    Commercial & Industrial, US addressed loans - <$1MM 228 $15,322 $67,202
    Commercial & Industrial, US addressed loans - <$100k 171 $3,190 $18,655
    Commercial & Industrial, US addressed loans - $100-250k 40 $5,331 $133,275
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $6,801 $400,059
    Farmland loans - <$1MM 15 $1,089 $72,600
    Farmland loans - <$100k 8 $325 $40,625
    Farmland loans - $100-250k 6 $653 $108,833
    Farmland loans - $250k-1MM 1 $111 $111,000
    Agriculture operations loans - <$1MM 2 $49 $24,500
    Agriculture operations loans - <$100k 2 $49 $24,500