United Southern Bank Mortgage Rates, Fees & Info
Umatilla, FLLEI: 549300CN9XK83EUACJ34
Tax ID: 59-0489540
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Mortgage Data
Review & Overview
United Southern Bank is a smaller bank specializing in Home Purchase loans. United Southern Bank has a high proportion of conventional loans. Their top markets by origination volume include: Orlando, Deltona, The Villages, Ocala, and Jacksonville among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)United Southern 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.
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Originations
159Origination Dollar Volume (All Markets)
$47,615,000Top 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 |
|---|---|---|---|---|---|
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 113 | $32,705,000 | $289,425 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 11 | $4,305,000 | $391,364 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 12 | $3,540,000 | $295,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 12 | $2,640,000 | $220,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 159 | $47,615,000 | $299,465 | $0 | 0.00% |
For 2023, United Southern Bank's most frequently originated type of loan was Conventional, with 159 originations.
Loan Reason
For 2023, United Southern Bank's most frequently cited loan purpose was Home Purchase, with 130 originations. The 2nd most popular reason was Other, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 159 | $47,615,000 | $299,465 | $0 | 0.00% |
For 2023, United Southern Bank's most frequently cited loan duration was Other, with 159 originations.
Loan Sizing
2023 saw United Southern Bank place emphasis on $200k-400k loans with 52 originations, totaling $14,410,000 in origination value.
Applicant Income
United Southern Bank lent most frequently to those with incomes in the $150k-250k range, with 30 originations. The second most popular income band? $100k-150k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 159 | $47,615,000 | $299,465 | $0 | 0.00% |
United Southern Bank lent most frequently to those with DTI ratios of Exempt%, with 159 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.55%
United Southern Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.76%
United Southern Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 159 | $47,615,000 | $299,465 |