First United Bank Mortgage Rates, Fees & Info

Dimmitt, TX

LEI: 549300DDDXGC8OXLNZ36

Tax ID: 75-0270800

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

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	6.77%	11/22/24
30 Year Conventional Refi	6.62%	11/22/24
30 Year Cash-out Refi	6.98%	11/22/24
30 Year FHA Purchase	7.41%	11/22/24
30 Year FHA Refi	6.27%	11/22/24
30 Year VA Purchase	6.27%	11/22/24
15 Year Conventional Purchase	6.33%	11/22/24
15 Year Conventional Refi	6.13%	11/22/24
15 Year Cash-out Refi	6.13%	11/22/24
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

Purchase Price:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

Loan Type:

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)

Similar Lenders

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.

TEXOMA COMMUNITY CREDIT UNION
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AMARILLO COMMUNITY
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UNION SQUARE
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AAXY L.L.C.
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Alliance Credit Union
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FC LENDING, LTD.
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UNIVERSAL LENDING CORPORATION
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HIGHLAND HOMELOANS, LLC
Similarity Rank: 948

AIMBank
Similarity Rank: 986

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