United Bank Mortgage Rates, Fees & Info

Springdale, AR

LEI: 549300C6XY8GTVR2TV60

Tax ID: 71-0512514

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 is a smaller bank specializing in Home Purchase 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, Joplin, Denver, and Bennington among others. We have data for 9 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. United Bank is typically an average 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 6.80% 11/21/24
    30 Year Conventional Refi 6.51% 11/21/24
    30 Year Cash-out Refi 6.64% 11/21/24
    30 Year FHA Purchase 6.91% 11/21/24
    30 Year VA Purchase 5.65% 11/21/24
    30 Year VA Refi 6.52% 11/21/24
    30 Year USDA Purchase 7.27% 11/21/24
    15 Year Conventional Purchase 5.89% 11/21/24
    15 Year Conventional Refi 6.04% 11/21/24
    15 Year Cash-out Refi 6.04% 11/21/24
    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 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

    141

    Origination Dollar Volume (All Markets)

    $52,735,000
    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
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 125 $48,245,000 $385,960 $4,559 4.99%
    FORT SMITH, AR-OK (FHA|USDA|VA) 6 $1,160,000 $193,333 $2,929 4.88%
    JOPLIN, MO (FHA|USDA|VA) 4 $1,130,000 $282,500 $4,402 6.29%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $785,000 $785,000 $2,995 3.50%
    Bennington, VT (FHA|USDA|VA) 1 $495,000 $495,000 $5,342 5.63%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $375,000 $375,000 $2,796 3.00%
    TULSA, OK (FHA|USDA|VA) 1 $215,000 $215,000 $8,588 5.50%
    Outside of Metro Areas 1 $205,000 $205,000 $0 7.01%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.70%
    United Bank's top markets include Fayetteville, Fort Smith, Joplin, Denver, and Bennington among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Vermont (FHA|USDA|VA)
  • Oklahoma (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.

    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 220
    The Bank of Missouri
    Similarity Rank: 329
    United Bank
    Similarity Rank: 459
    Signature Bank of Arkansas
    Similarity Rank: 936
    First Security Bank
    Similarity Rank: 1064
    The First National Bank of Fort Smith
    Similarity Rank: 1239
    Generations Bank
    Similarity Rank: 1500
    ARKANSAS Federal Credit Union
    Similarity Rank: 1701
    Priority Bank
    Similarity Rank: 1752
    Chambers Bank
    Similarity Rank: 1767

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 126 $48,060,000 $381,429 $3,477 5.14%
    FHA 11 $2,695,000 $245,000 $7,096 4.03%
    VA 3 $1,815,000 $605,000 $17,559 4.08%
    USDA 1 $165,000 $165,000 $4,402 3.63%

    For 2022, United Bank's most frequently originated type of loan was Conventional, with 126 originations. Their 2nd most popular type was FHA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 114 $43,900,000 $385,088 $4,250 5.17%
    Refi 19 $7,365,000 $387,632 $5,829 4.47%
    Cash Out Refi 7 $1,425,000 $203,571 $4,754 3.96%
    Home Improvement 1 $45,000 $45,000 $1,343 6.01%

    For 2022, United Bank's most frequently cited loan purpose was Home Purchase, with 114 originations. The 2nd most popular reason was Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 71 $22,695,000 $319,648 $4,827 4.57%
    20 Year 41 $15,995,000 $390,122 $2,108 5.43%
    Other 15 $11,935,000 $795,667 $0 5.63%
    15 Year 8 $1,280,000 $160,000 $2,915 4.67%
    1 Year 3 $595,000 $198,333 $0 6.75%
    10 Year 2 $50,000 $25,000 $759 5.69%
    3 Year 1 $185,000 $185,000 $0 6.50%

    For 2022, United Bank's most frequently cited loan duration was 30 Year, with 71 originations. The 2nd most popular length was 20 Year, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 45 $14,255,000 $316,778
    $1k-2k 18 $4,170,000 $231,667
    $2k-3k 7 $1,645,000 $235,000
    $3k-4k 5 $1,835,000 $367,000
    $5k+ 4 $1,710,000 $427,500

    United Bank's average total fees were $4,827, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 45 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 33 $13,175,000 $399,242
    5-6% 32 $9,280,000 $290,000
    6-7% 28 $12,540,000 $447,857
    3-4% 27 $8,825,000 $326,852
    2.5-3% 10 $3,320,000 $332,000
    7-8% 7 $4,865,000 $695,000
    % 3 $445,000 $148,333
    <2.5% 1 $285,000 $285,000

    During 2022, United Bank's average interest rate for loans was 4.57%, while their most frequently originated rate bucket for loans was 4-5%, with 33 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 67 $18,555,000 $276,940 $4,654 5.06%
    $100k-200k 35 $5,835,000 $166,714 $3,340 5.18%
    $400k-600k 16 $7,690,000 $480,625 $6,470 4.51%
    $600k-1MM 9 $6,365,000 $707,222 $4,806 4.75%
    $100,000 or less 8 $480,000 $60,000 $1,582 4.79%
    $1MM+ 6 $13,810,000 $2,301,667 $0 5.71%

    2022 saw United Bank place emphasis on $200k-400k loans with 67 originations, totaling $18,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 26 $9,160,000 $352,308 $5,971 4.81%
    $50k-75k 20 $3,990,000 $199,500 $3,832 4.59%
    $100k-150k 18 $5,600,000 $311,111 $3,586 5.04%
    $75k-100k 17 $4,455,000 $262,059 $3,867 4.55%
    $250k+ 6 $2,360,000 $393,333 $6,231 4.24%
    $50k or less 4 $640,000 $160,000 $3,494 3.91%

    United Bank lent most frequently to those with incomes in the $150k-250k range, with 26 originations. The second most popular income band? $50k-75k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 18 $5,700,000 $316,667 $4,494 4.45%
    20-30% 15 $4,035,000 $269,000 $3,946 4.45%
    <20% 10 $2,250,000 $225,000 $2,549 3.90%
    39% 6 $2,110,000 $351,667 $7,027 4.94%
    43% 6 $1,470,000 $245,000 $2,931 4.96%
    50-60% 5 $1,505,000 $301,000 $5,360 5.71%
    36% 4 $1,130,000 $282,500 $2,579 4.50%
    38% 3 $1,015,000 $338,333 $5,601 5.13%
    42% 3 $565,000 $188,333 $4,913 4.21%
    45% 2 $1,140,000 $570,000 $7,647 4.25%
    46% 2 $720,000 $360,000 $5,855 4.82%
    44% 2 $1,030,000 $515,000 $2,924 4.44%
    48% 1 $215,000 $215,000 $2,462 6.00%
    49% 1 $165,000 $165,000 $3,635 7.43%
    40% 1 $225,000 $225,000 $3,402 4.00%
    41% 1 $195,000 $195,000 $2,574 3.75%
    37% 1 $565,000 $565,000 $23,456 2.75%
    47% 1 $315,000 $315,000 $5,275 3.38%

    United Bank lent most frequently to those with DTI ratios of 30-36%, with 18 originations. The next most common DTI ratio? 20-30%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 50 $26,530,000 $530,600 $0 5.63%
    White 57 $15,965,000 $280,088 $4,322 4.87%
    Not provided 17 $5,205,000 $306,176 $5,227 4.38%
    Asian 7 $2,245,000 $320,714 $3,660 4.87%
    Black 4 $1,460,000 $365,000 $5,372 3.47%
    American Indian 4 $720,000 $180,000 $4,157 4.09%
    Asian Indian 1 $395,000 $395,000 $2,531 4.88%
    Native Hawaiian or Islander 1 $215,000 $215,000 $6,121 4.75%

    Approval Rates

    Total approvals of all applications
    95.24%

    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
    86.52%

    United Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 141 $52,735,000 $374,007

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    141 $52,735,000 $374,007

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $1,330,000 $166,250 $2,912 4.58%
    40-60% 8 $1,740,000 $217,500 $3,047 4.64%
    60-80% 53 $19,425,000 $366,509 $4,643 5.04%
    80-100% 66 $20,180,000 $305,758 $4,990 5.01%
    Over 100% 4 $10,010,000 $2,502,500 $0 6.19%
    Under 20% 2 $50,000 $25,000 $759 5.69%

    Complaints

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