United Southern Bank Mortgage Rates, Fees & Info

Umatilla, FL

LEI: 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, The Villages, Ocala, Tampa, and Deltona among others. We have data for 11 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

130

Origination Dollar Volume (All Markets)

$33,960,000

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
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 90 $21,980,000 $244,222 $0 0.00%
THE VILLAGES, FL (FHA|USDA|VA) 15 $4,705,000 $313,667 $0 0.00%
OCALA, FL (FHA|USDA|VA) 14 $4,160,000 $297,143 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $990,000 $495,000 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $975,000 $325,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
United Southern Bank's top markets include Orlando, The Villages, Ocala, Tampa, and Deltona among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 130 $33,960,000 $261,231 $0 0.00%

    For 2024, United Southern Bank's most frequently originated type of loan was Conventional, with 130 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 98 $28,260,000 $288,367 $0 0.00%
    Refi 14 $3,410,000 $243,571 $0 0.00%
    Home Improvement 10 $1,530,000 $153,000 $0 0.00%
    Other 8 $760,000 $95,000 $0 0.00%

    For 2024, United Southern Bank's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 130 $33,960,000 $261,231 $0 0.00%

    For 2024, United Southern Bank's most frequently cited loan duration was Other, with 130 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 42 $6,000,000 $142,857 $0 0.00%
    $200k-400k 33 $9,485,000 $287,424 $0 0.00%
    $100,000 or less 25 $1,595,000 $63,800 $0 0.00%
    $400k-600k 21 $9,825,000 $467,857 $0 0.00%
    $600k-1MM 7 $4,955,000 $707,857 $0 0.00%
    $1MM+ 2 $2,100,000 $1,050,000 $0 0.00%

    2024 saw United Southern Bank place emphasis on $100k-200k loans with 42 originations, totaling $6,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 24 $8,270,000 $344,583 $0 0.00%
    $100k-150k 22 $6,180,000 $280,909 $0 0.00%
    $50k-75k 16 $2,080,000 $130,000 $0 0.00%
    $50k or less 14 $1,640,000 $117,143 $0 0.00%
    $75k-100k 14 $2,010,000 $143,571 $0 0.00%
    $250k+ 12 $6,210,000 $517,500 $0 0.00%

    United Southern Bank lent most frequently to those with incomes in the $150k-250k range, with 24 originations. The second most popular income band? $100k-150k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 130 $33,960,000 $261,231 $0 0.00%

    United Southern Bank lent most frequently to those with DTI ratios of Exempt%, with 130 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 86 $22,930,000 $266,628 $0 0.00%
    Not applicable 28 $7,570,000 $270,357 $0 0.00%
    Not provided 10 $2,170,000 $217,000 $0 0.00%
    Black 4 $960,000 $240,000 $0 0.00%
    American Indian 1 $305,000 $305,000 $0 0.00%
    Asian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.06%

    United Southern Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.92%

    United Southern Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 130 $33,960,000 $261,231

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    130 $33,960,000 $261,231