United Security Financial Corp Mortgage Rates, Fees & Info
MURRAY, UTLEI: 549300D7GVUYHQEDEE56
Tax ID: 87-0463610
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Mortgage Data
Review & Overview
United Security Financial Corp is a smaller mortgage company specializing in Home Purchase loans. United Security Financial Corp has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Portland, Atlanta, Las Vegas, Miami, and Alexandria among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)United Security Financial Corp 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 Security Financial Corp is typically a high 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.00% | 11/17/24 |
| 30 Year Conventional Refi | 6.65% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 30 Year FHA Purchase | 7.73% | 11/17/24 |
| 30 Year FHA Refi | 7.22% | 11/17/24 |
| 30 Year VA Purchase | 6.58% | 11/17/24 |
| 30 Year VA Refi | 6.42% | 11/17/24 |
| 30 Year USDA Purchase | 6.27% | 11/17/24 |
| 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 Security Financial Corp Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
65Origination Dollar Volume (All Markets)
$26,005,000Relative Rate
United Security Financial Corp's average 30 year fixed mortgage rate was
7.31%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.83%.
Relative Fees (Closing Costs)
United Security Financial Corp's average total fees/closing costs for a 30 year fixed rate
mortgage were $15,970.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 10 | $5,400,000 | $540,000 | $18,580 | 7.29% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $4,235,000 | $605,000 | $20,776 | 7.20% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 7 | $2,885,000 | $412,143 | $17,173 | 7.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $2,130,000 | $355,000 | $13,819 | 6.79% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 6 | $1,420,000 | $236,667 | $11,087 | 7.54% |
| BEND, OR (FHA|USDA|VA) | 2 | $1,160,000 | $580,000 | $16,734 | 7.31% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $17,733 | 7.17% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $13,705 | 7.81% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $21,644 | 7.81% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $18,577 | 7.75% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $8,409 | 7.44% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $12,213 | 7.83% |
| Outside of Metro Areas | 1 | $445,000 | $445,000 | $14,509 | 7.50% |
| WACO, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $16,788 | 7.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $27,481 | 7.75% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $12,256 | 7.38% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $20,356 | 7.38% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $15,885 | 7.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $14,198 | 7.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $15,514 | 6.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,770 | 7.25% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,977 | 7.50% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,645 | 6.88% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,111 | 7.50% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $7,955 | 7.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against UNITED SECURITY FINANCIAL CORP based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 31 | $12,785,000 | $412,419 | $12,904 | 7.36% |
| FHA | 31 | $11,185,000 | $360,806 | $17,905 | 7.34% |
| VA | 3 | $2,035,000 | $678,333 | $23,738 | 6.75% |
For 2023, United Security Financial Corp's most frequently originated type of loan was Conventional, with 31 originations. Their 2nd most popular type was FHA, with 31 originations.
Loan Reason
For 2023, United Security Financial Corp's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 64 | $25,990,000 | $406,094 | $15,970 | 7.31% |
| 10 Year | 1 | $15,000 | $15,000 | $4,215 | 7.88% |
For 2023, United Security Financial Corp's most frequently cited loan duration was 30 Year, with 64 originations. The 2nd most popular length was 10 Year, with 1 originations.
Origination Fees/Closing Costs
United Security Financial Corp's average total fees were $15,970, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 56 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 45 | $17,785,000 | $395,222 |
| 6-7% | 15 | $6,295,000 | $419,667 |
| Over 8% | 4 | $1,680,000 | $420,000 |
| 5-6% | 1 | $245,000 | $245,000 |
During 2023, United Security Financial Corp's average interest rate for loans was 7.31%, while their most frequently originated rate bucket for loans was 7-8%, with 45 originations.
Loan Sizing
2023 saw United Security Financial Corp place emphasis on $200k-400k loans with 27 originations, totaling $8,615,000 in origination value.
Applicant Income
United Security Financial Corp lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $150k-250k, with 20 originations.
Applicant Debt to Income Ratio
United Security Financial Corp lent most frequently to those with DTI ratios of <20%, with 14 originations. The next most common DTI ratio? 30-36%, with 10 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.49%
United Security Financial Corp has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination35.38%
United Security Financial Corp has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 65 | $26,005,000 | $400,077 |