First United Bank Mortgage Rates, Fees & Info

Dimmitt, TX

LEI: 549300DDDXGC8OXLNZ36

Tax ID: 75-0270800

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Mortgage Data

Bank Data

Review & Overview

First United Bank is a smaller bank specializing in Home Purchase loans. First United Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Amarillo, Lubbock, Dallas, Wichita Falls, and Hereford among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

First United 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. First United Bank is typically an average 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 about average 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.77% 3/24/24
30 Year Conventional Refi 6.62% 3/24/24
30 Year Cash-out Refi 6.98% 3/24/24
30 Year FHA Purchase 7.41% 3/24/24
30 Year FHA Refi 6.27% 3/24/24
30 Year VA Purchase 6.27% 3/24/24
15 Year Conventional Purchase 6.33% 3/24/24
15 Year Conventional Refi 6.13% 3/24/24
15 Year Cash-out Refi 6.13% 3/24/24
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.

First United Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from First United Bank. 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

427

Origination Dollar Volume (All Markets)

$84,715,000

Employee count

215

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
AMARILLO, TX (FHA|USDA|VA) 167 $40,085,000 $240,030 $5,420 4.65%
LUBBOCK, TX (FHA|USDA|VA) 145 $24,875,000 $171,552 $4,927 4.89%
Outside of Metro Areas 51 $8,845,000 $173,431 $4,614 5.41%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 9 $2,045,000 $227,222 $5,046 4.66%
WICHITA FALLS, TX (FHA|USDA|VA) 19 $1,115,000 $58,684 $3,221 5.79%
Hereford, TX (FHA|USDA|VA) 4 $930,000 $232,500 $4,432 4.51%
Mineral Wells, TX (FHA|USDA|VA) 2 $850,000 $425,000 $0 6.63%
Andrews, TX (FHA|USDA|VA) 2 $770,000 $385,000 $6,013 4.43%
ODESSA, TX (FHA|USDA|VA) 3 $615,000 $205,000 $7,117 3.94%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $550,000 $275,000 $3,979 4.13%
Plainview, TX (FHA|USDA|VA) 4 $500,000 $125,000 $5,359 4.47%
Athens, TX (FHA|USDA|VA) 1 $475,000 $475,000 $6,153 3.88%
Whitewater, WI (FHA|USDA|VA) 1 $455,000 $455,000 $0 5.50%
MEDFORD, OR (FHA|USDA|VA) 1 $445,000 $445,000 $4,445 4.13%
Levelland, TX (FHA|USDA|VA) 3 $375,000 $125,000 $4,732 4.15%
Lamesa, TX (FHA|USDA|VA) 7 $355,000 $50,714 $4,165 6.71%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $355,000 $355,000 $3,799 3.63%
PROVO-OREM, UT (FHA|USDA|VA) 1 $305,000 $305,000 $3,195 4.00%
Portales, NM (FHA|USDA|VA) 1 $285,000 $285,000 $2,861 4.00%
Taos, NM (FHA|USDA|VA) 1 $215,000 $215,000 $2,739 4.50%
Brownwood, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 6.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.50%
First United Bank's top markets include Amarillo, Lubbock, Dallas, Wichita Falls, and Hereford among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
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    We use machine learning to identify the top lenders compared against First United Bank 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 331 $67,405,000 $203,640 $4,199 5.07%
    FHA 83 $14,265,000 $171,867 $7,152 4.37%
    VA 11 $2,745,000 $249,545 $7,446 3.97%
    USDA 2 $300,000 $150,000 $5,100 4.44%

    For 2019, First United Bank's most frequently originated type of loan was Conventional, with 331 originations. Their 2nd most popular type was FHA, with 83 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 357 $68,895,000 $192,983 $5,239 4.86%
    Refi 50 $12,980,000 $259,600 $4,253 4.91%
    Cash Out Refi 12 $2,500,000 $208,333 $4,592 4.60%
    Home Improvement 8 $340,000 $42,500 $1,785 7.03%

    For 2019, First United Bank's most frequently cited loan purpose was Home Purchase, with 357 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 282 $61,060,000 $216,525 $5,258 4.43%
    5 Year 53 $8,525,000 $160,849 $1,516 6.32%
    15 Year 31 $5,495,000 $177,258 $4,036 4.90%
    20 Year 17 $3,355,000 $197,353 $3,714 4.87%
    Other 16 $1,560,000 $97,500 $2,574 6.40%
    3 Year 16 $2,510,000 $156,875 $0 6.30%
    1 Year 7 $1,355,000 $193,571 $0 6.46%
    10 Year 5 $855,000 $171,000 $4,545 4.95%

    For 2019, First United Bank's most frequently cited loan duration was 30 Year, with 282 originations. The 2nd most popular length was 5 Year, with 53 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 221 $44,285,000 $200,385
    $1k-2k 62 $14,450,000 $233,065
    $2k-3k 27 $5,775,000 $213,889
    $3k-4k 6 $2,510,000 $418,333
    $5k+ 2 $770,000 $385,000
    $4k-5k 1 $365,000 $365,000

    First United Bank's average total fees were $5,258, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 221 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 145 $31,395,000 $216,517
    3-4% 126 $29,560,000 $234,603
    5-6% 73 $13,615,000 $186,507
    6-7% 71 $9,255,000 $130,352
    7-8% 10 $650,000 $65,000
    Over 8% 2 $240,000 $120,000

    During 2019, First United Bank's average interest rate for loans was 4.43%, while their most frequently originated rate bucket for loans was 4-5%, with 145 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 176 $26,270,000 $149,261 $4,952 4.83%
    $200k-400k 126 $35,880,000 $284,762 $5,514 4.25%
    $100,000 or less 93 $5,745,000 $61,774 $3,483 5.89%
    $400k-600k 28 $13,210,000 $471,786 $5,908 4.91%
    $1MM+ 2 $2,090,000 $1,045,000 $11,267 5.31%
    $600k-1MM 2 $1,520,000 $760,000 $0 5.94%

    2019 saw First United Bank place emphasis on $100k-200k loans with 176 originations, totaling $26,270,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 81 $18,705,000 $230,926 $5,060 4.56%
    $50k-75k 81 $11,325,000 $139,815 $4,943 4.85%
    $75k-100k 66 $11,970,000 $181,364 $5,142 4.62%
    $150k-250k 56 $14,320,000 $255,714 $5,623 4.60%
    $50k or less 50 $5,820,000 $116,400 $4,716 4.92%
    $250k+ 33 $10,305,000 $312,273 $5,204 4.73%

    First United Bank lent most frequently to those with incomes in the $100k-150k range, with 81 originations. The second most popular income band? $50k-75k, with 81 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 73 $16,685,000 $228,562 $4,360 4.35%
    30-36% 54 $10,800,000 $200,000 $4,850 4.36%
    50-60% 24 $4,250,000 $177,083 $7,325 4.56%
    <20% 23 $5,125,000 $222,826 $4,442 4.53%
    44% 17 $3,485,000 $205,000 $5,663 4.74%
    49% 15 $3,535,000 $235,667 $5,519 4.30%
    45% 14 $3,820,000 $272,857 $4,996 4.00%
    41% 12 $2,470,000 $205,833 $4,897 4.35%
    42% 11 $2,395,000 $217,727 $6,050 4.27%
    37% 11 $2,055,000 $186,818 $4,155 4.39%
    38% 9 $1,655,000 $183,889 $4,403 4.26%
    36% 9 $2,165,000 $240,556 $6,449 4.65%
    43% 9 $1,545,000 $171,667 $5,320 4.94%
    40% 8 $1,830,000 $228,750 $5,633 4.19%
    39% 8 $1,650,000 $206,250 $4,885 4.29%
    48% 7 $1,765,000 $252,143 $4,862 4.41%
    47% 6 $1,410,000 $235,000 $5,892 3.94%
    46% 5 $795,000 $159,000 $4,934 4.22%
    >60% 4 $720,000 $180,000 $5,048 5.00%

    First United Bank lent most frequently to those with DTI ratios of 20-30%, with 73 originations. The next most common DTI ratio? 30-36%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 355 $70,075,000 $197,394 $5,070 4.74%
    Not applicable 52 $10,990,000 $211,346 $0 6.13%
    Not provided 9 $1,765,000 $196,111 $6,040 4.65%
    Black 7 $945,000 $135,000 $4,590 4.80%
    American Indian 2 $490,000 $245,000 $4,263 4.31%
    Asian 2 $450,000 $225,000 $5,634 3.81%

    Approval Rates

    Total approvals of all applications
    95.25%

    First United Bank 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
    87.35%

    First United Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 427 $84,715,000 $198,396

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $2,075,000 $691,667
    Single Family (1-4 Units):Manufactured 1 $45,000 $45,000
    Single Family (1-4 Units):Site-Built 423 $82,595,000 $195,260

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $1,630,000 $81,500 $2,602 6.12%
    40-60% 37 $7,065,000 $190,946 $3,859 5.96%
    60-80% 126 $25,860,000 $205,238 $4,413 5.18%
    80-100% 238 $49,350,000 $207,353 $5,362 4.47%
    Over 100% 2 $660,000 $330,000 $13,173 4.25%
    Under 20% 4 $150,000 $37,500 $4,589 6.16%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 4 26.7%
    FIRST HORIZON BANK VA mortgage Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    FIRST HORIZON BANK FHA mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 6.7%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 3 20.0%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 2 13.3%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 1 6.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First United Bank 106 Main Seagraves, TX 79359 Full Service B&M $65,991
    First United Bank 1900 Se 34th Street Suite 100 Amarillo, TX 79118 Full Service B&M $29,331
    First United Bank 200 Main Street Sudan, TX 79371 Full Service B&M $36,290
    First United Bank 2003 South Hall Avenue Littlefield, TX 79339 Full Service B&M $34,359
    First United Bank 201 North Broadway Dimmitt, TX 79027 Limited, Drive-thru $0
    First United Bank 201 North Broadway Dimmitt, TX 79027 Full Service B&M $75,626
    First United Bank 2904 Garnett Avenue Wichita Falls, TX 76308 Full Service B&M $20,379
    First United Bank 5802 Fourth Street Lubbock, TX 79416 Full Service B&M $78,748
    First United Bank 601 North First Street Lamesa, TX 79331 Full Service B&M $109,626
    First United Bank 601 Nw Avenue B Seminole, TX 79360 Full Service B&M $138,272
    First United Bank 6604 Frankford Avenue Lubbock, TX 79424 Full Service B&M $65,587
    First United Bank 801 23rd Street Canyon, TX 79015 Full Service Retail $127,210
    First United Bank 9801 Indiana Avenue Lubbock, TX 79423 Full Service B&M $22,934
    First United Bank Main And Cedar Earth, TX 79031 Full Service B&M $27,607
    First United Bank One First United Bank Parkway Amarillo, TX 79119 Full Service B&M $240,146

    For 2019, First United Bank had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $64,347
    Net interest income $50,832
    Total noninterest income $9,025
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,774
    Trading account gains and fees $0
    Additional Noninterest Income $6,251
    Pre-tax net operating income $26,550
    Securities gains (or losses, -) $35
    Income before extraordinary items $26,585
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $26,585
    Minority interest net income $0
    Net income $26,585
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $26,550

    First United Bank's gross interest income from loans was $64,347,000.
    First United Bank's net interest income from loans was $50,832,000.
    First United Bank's fee based income from loans was $2,774,000.
    First United Bank's net income from loans was $26,585,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $13,515
    Provision for credit losses $600
    Total noninterest expense $32,707
    Salaries and employee benefits $19,023
    Premises and equipment expense $5,222
    Additional noninterest expense $8,462
    Applicable income taxes $0
    Net charge-offs $110
    Cash dividends $13,125

    First United Bank's interest expense for loans was $13,515,000.
    First United Bank's payroll and benefits expense were $19,023,000.
    First United Bank's property, plant and equipment expenses $5,222,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,170,680
    Deposits held in domestic offices $1,170,680
    Deposits by Individuals, partnerships, and corporations $946,002
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $224,678
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $92,081
    Demand deposits $48,139
    Nontransaction accounts $1,078,599
    Money market deposit accounts (MMDAs) $224,358
    Other savings deposits (excluding MMDAs) $474,895
    Total time deposits $379,346
    Total time and savings deposits $1,122,541
    Noninterest-bearing deposits $329,508
    Interest-bearing deposits $841,172
    Retail deposits $991,402
    IRAs and Keogh plan accounts $17,270
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,370,041
    Cash & Balances due from depository institutions $35,812
    Interest-bearing balances $141
    Total securities $308,150
    Federal funds sold & reverse repurchase $0
    Net loans and leases $955,629
    Loan and leases loss allowance $14,038
    Trading account assets $0
    Bank premises and fixed assets $29,382
    Other real estate owned $0
    Goodwill and other intangibles $8,429
    All other assets $32,639

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,370,041
    Total Liabilities $1,214,947
    Total deposits $1,170,680
    Interest-bearing deposits $841,172
    Deposits held in domestic offices $1,170,680
    % insured (estimated) $59
    Federal funds purchased and repurchase agreements $3,150
    Trading liabilities $0
    Other borrowed funds $30,081
    Subordinated debt $0
    All other liabilities $11,036

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $955,629
    Loan and leases loss allowance $14,038
    Total loans and leases (domestic) $969,667
    All real estate loans $654,151
    Real estate loans in domestic offices $654,151
    Construction and development loans $136,169
    Residential 1-4 family construction $12,522
    Other construction, all land development and other land $123,647
    Loans secured by nonfarm nonresidential properties $277,966
    Nonfarm nonresidential secured by owner-occupied properties $101,114
    Commercial real estate & other non-farm, non-residential $176,852
    Multifamily residential real estate $24,758
    1-4 family residential loans $99,619
    Farmland loans $115,639
    Loans held in foreign offices $0
    Farm loans $125,833
    Commercial and industrial loans $180,025
    To non-U.S. addressees $0
    Loans to individuals $5,877
    Credit card loans $0
    Related Plans $117
    Consumer Auto Loans $3,619
    Other loans to individuals $2,141
    All other loans & leases $3,780
    Loans to foreign governments and official institutions $0
    Other loans $2,312
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,522
    Non 1-4 family restructured loans & leases $1,522
    Total loans and leases (foreign) $0

    First United Bank had $955,629,000 of loans outstanding in 2019. $654,151,000 of loans were in real estate loans. $136,169,000 of loans were in development loans. $24,758,000 of loans were in multifamily mortgage loans. $99,619,000 of loans were in 1-4 family mortgage loans. $125,833,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,619,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 217 $46,002 $211,991
    Nonfarm, nonresidential loans - <$100k 50 $2,034 $40,680
    Nonfarm, nonresidential loans - $100-250k 73 $8,820 $120,822
    Nonfarm, nonresidential loans - $250k-1MM 94 $35,148 $373,915
    Commercial & Industrial, US addressed loans - <$1MM 737 $56,003 $75,988
    Commercial & Industrial, US addressed loans - <$100k 500 $11,942 $23,884
    Commercial & Industrial, US addressed loans - $100-250k 130 $12,261 $94,315
    Commercial & Industrial, US addressed loans - $250k-1MM 107 $31,800 $297,196
    Farmland loans - <$1MM 127 $16,562 $130,409
    Farmland loans - <$100k 41 $1,524 $37,171
    Farmland loans - $100-250k 52 $6,015 $115,673
    Farmland loans - $250k-1MM 34 $9,023 $265,382
    Agriculture operations loans - <$1MM 298 $23,236 $77,973
    Agriculture operations loans - <$100k 171 $4,219 $24,673
    Agriculture operations loans - $100-250k 67 $6,679 $99,687
    Agriculture operations loans - $250k-1MM 60 $12,338 $205,633