United Southern Bank Mortgage Rates, Fees & Info

Umatilla, FL

LEI: 549300CN9XK83EUACJ34

Tax ID: 59-0489540

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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, Ocala, The Villages, and New York among others. We have data for 12 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

160

Origination Dollar Volume (All Markets)

$51,080,000

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)	124	$36,050,000	$290,726	$0	0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	8	$3,880,000	$485,000	$0	0.00%
OCALA, FL (FHA\|USDA\|VA)	11	$3,655,000	$332,273	$0	0.00%
THE VILLAGES, FL (FHA\|USDA\|VA)	5	$2,645,000	$529,000	$0	0.00%
Outside of Metro Areas	1	$1,205,000	$1,205,000	$0	0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	1	$985,000	$985,000	$0	0.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA\|USDA\|VA)	1	$775,000	$775,000	$0	0.00%
HOMOSASSA SPRINGS, FL (FHA\|USDA\|VA)	2	$490,000	$245,000	$0	0.00%
GAINESVILLE, FL (FHA\|USDA\|VA)	3	$485,000	$161,667	$0	0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	2	$430,000	$215,000	$0	0.00%
KNOXVILLE, TN (FHA\|USDA\|VA)	1	$335,000	$335,000	$0	0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	0.00%

United Southern Bank's top markets include Orlando, Deltona, Ocala, The Villages, and New York among others.

Their top states include:

Florida (FHA|USDA|VA)

North Carolina (FHA|USDA|VA)

New York (FHA|USDA|VA)

Tennessee (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	160	$51,080,000	$319,250	$0	0.00%

For 2022, United Southern Bank's most frequently originated type of loan was Conventional, with 160 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	123	$41,605,000	$338,252	$0	0.00%
Refi	22	$7,870,000	$357,727	$0	0.00%
Home Improvement	12	$1,460,000	$121,667	$0	0.00%
Other	3	$145,000	$48,333	$0	0.00%

For 2022, United Southern Bank's most frequently cited loan purpose was Home Purchase, with 123 originations. The 2nd most popular reason was Refi, with 22 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	160	$51,080,000	$319,250	$0	0.00%

For 2022, United Southern Bank's most frequently cited loan duration was Other, with 160 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	45	$11,955,000	$265,667	$0	0.00%
$100k-200k	40	$5,920,000	$148,000	$0	0.00%
$100,000 or less	33	$2,065,000	$62,576	$0	0.00%
$400k-600k	18	$8,510,000	$472,778	$0	0.00%
$600k-1MM	15	$11,215,000	$747,667	$0	0.00%
$1MM+	9	$11,415,000	$1,268,333	$0	0.00%

2022 saw United Southern Bank place emphasis on $200k-400k loans with 45 originations, totaling $11,955,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	25	$3,375,000	$135,000	$0	0.00%
$250k+	24	$15,140,000	$630,833	$0	0.00%
$50k or less	18	$2,440,000	$135,556	$0	0.00%
$100k-150k	17	$4,825,000	$283,824	$0	0.00%
$75k-100k	16	$2,490,000	$155,625	$0	0.00%
$150k-250k	15	$5,605,000	$373,667	$0	0.00%

United Southern Bank lent most frequently to those with incomes in the $50k-75k range, with 25 originations. The second most popular income band? $250k+, with 24 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	160	$51,080,000	$319,250	$0	0.00%

United Southern Bank lent most frequently to those with DTI ratios of Exempt%, with 160 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	97	$28,905,000	$297,990	$0	0.00%
Not applicable	44	$16,980,000	$385,909	$0	0.00%
Not provided	14	$3,930,000	$280,714	$0	0.00%
Asian	3	$995,000	$331,667	$0	0.00%
Native Hawaiian or Islander	1	$225,000	$225,000	$0	0.00%
Black	1	$45,000	$45,000	$0	0.00%

Approval Rates

Total approvals of all applications
94.52%

United Southern Bank has an average approval rate.

Pick Rate

Approvals leading to origination
72.50%

United Southern Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	160	$51,080,000	$319,250

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	160	$51,080,000	$319,250

Complaints

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