United Security Financial Corp Mortgage Rates, Fees & Info

MURRAY, UT

LEI: 549300D7GVUYHQEDEE56

Tax ID: 87-0463610

1 stars - Updated: 4/18/24 - out of 5 stars, based on 8 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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.

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 7.00% 4/18/24
30 Year Conventional Refi 6.65% 4/18/24
30 Year Cash-out Refi 6.27% 4/18/24
30 Year FHA Purchase 7.73% 4/18/24
30 Year FHA Refi 7.22% 4/18/24
30 Year VA Purchase 6.58% 4/18/24
30 Year VA Refi 6.42% 4/18/24
30 Year USDA Purchase 6.27% 4/18/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from United Security Financial Corp. 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

65

Origination Dollar Volume (All Markets)

$26,005,000

Relative 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%
United Security Financial Corp's top markets include Portland, Atlanta, Las Vegas, Miami, and Alexandria among others.

Their top states include:
  • Oregon (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • 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.

    Los Angeles Federal Credit Union
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 63 $25,305,000 $401,667 $15,850 7.32%
    Refi 1 $425,000 $425,000 $17,960 7.38%
    Cash Out Refi 1 $275,000 $275,000 $9,770 7.25%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 56 $24,050,000 $429,464
    $3k-4k 4 $660,000 $165,000
    $<1k 2 $590,000 $295,000
    $4k-5k 2 $460,000 $230,000
    $1k-2k 1 $245,000 $245,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 27 $8,615,000 $319,074 $13,432 7.21%
    $400k-600k 24 $11,550,000 $481,250 $18,589 7.38%
    $100k-200k 6 $890,000 $148,333 $8,734 7.44%
    $600k-1MM 5 $3,445,000 $689,000 $21,302 7.45%
    $100,000 or less 2 $100,000 $50,000 $6,085 7.63%
    $1MM+ 1 $1,405,000 $1,405,000 $46,428 6.88%

    2023 saw United Security Financial Corp place emphasis on $200k-400k loans with 27 originations, totaling $8,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 23 $7,985,000 $347,174 $14,902 7.24%
    $150k-250k 20 $9,150,000 $457,500 $16,741 7.55%
    $75k-100k 9 $2,555,000 $283,889 $13,400 7.25%
    $250k+ 8 $5,190,000 $648,750 $21,578 7.25%
    $50k-75k 3 $865,000 $288,333 $12,532 6.75%
    $50k or less 2 $260,000 $130,000 $8,966 7.44%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 14 $4,420,000 $315,714 $15,310 7.26%
    30-36% 10 $5,080,000 $508,000 $16,825 7.21%
    50-60% 6 $1,950,000 $325,000 $15,526 7.31%
    41% 6 $2,650,000 $441,667 $17,232 7.40%
    48% 4 $1,100,000 $275,000 $12,206 7.19%
    46% 4 $2,590,000 $647,500 $22,837 6.97%
    40% 4 $1,750,000 $437,500 $15,819 7.69%
    39% 3 $1,485,000 $495,000 $17,874 7.50%
    20-30% 3 $935,000 $311,667 $13,718 7.38%
    42% 3 $1,185,000 $395,000 $14,160 6.96%
    36% 2 $750,000 $375,000 $19,274 7.63%
    43% 2 $800,000 $400,000 $16,095 7.44%
    44% 1 $575,000 $575,000 $5,122 8.63%
    47% 1 $175,000 $175,000 $9,977 7.50%
    38% 1 $295,000 $295,000 $10,610 7.38%
    37% 1 $265,000 $265,000 $10,013 7.38%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Black 30 $11,940,000 $398,000 $16,403 7.30%
    Asian 27 $11,745,000 $435,000 $16,343 7.43%
    White 7 $2,015,000 $287,857 $11,997 7.14%
    Not provided 1 $305,000 $305,000 $8,992 6.50%

    Approval Rates

    Total approvals of all applications
    98.49%

    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 origination
    35.38%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    65 $26,005,000 $400,077

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 1 $145,000 $145,000 $6,645 6.88%
    60-80% 15 $6,375,000 $425,000 $15,454 7.05%
    80-100% 48 $19,470,000 $405,625 $16,326 7.40%
    Under 20% 1 $15,000 $15,000 $4,215 7.88%