Unify Home Lending Mortgage Rates, Fees & Info

PIERRE, SD

LEI: 549300FYFTBGRGV82A93

Tax ID: 82-5462218

4.8 stars - out of 5 stars, based on 24 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Unify Home Lending is a smaller mortgage company specializing in Home Purchase and Refi loans. Unify Home Lending 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 include Rapid City, Williston, Dickinson, Spearfish, and Gillette among others. Unify Home Lending has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Unify Home Lending is typically an average fee lendor.


Originations

596

Origination Dollar Volume (All Markets)

$152,080,000

Awards

Unify Home Lending  FHA Loans bronze Unify Home Lending  FHA Loans gold Unify Home Lending  USDA Loans bronze
Show all (3) awards

Relative Rate

Unify Home Lending 's average 30 year fixed rate mortgage of loans were 3.03%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.12%.

Relative Fees

Unify Home Lending 's average total fees for a 30 year fixed rate mortgage are $5,276.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
RAPID CITY, SD (FHA|USDA|VA) 297 $74,995,000 $252,508 $4,869 2.88%
Outside of Metro Areas 145 $36,375,000 $250,862 $5,483 3.06%
Williston, ND (FHA|USDA|VA) 66 $16,970,000 $257,121 $5,544 3.07%
Dickinson, ND (FHA|USDA|VA) 29 $7,565,000 $260,862 $4,141 2.99%
Spearfish, SD (FHA|USDA|VA) 19 $6,075,000 $319,737 $5,559 2.97%
Gillette, WY (FHA|USDA|VA) 20 $4,750,000 $237,500 $3,871 3.03%
BILLINGS, MT (FHA|USDA|VA) 9 $2,825,000 $313,889 $9,708 3.11%
SIOUX FALLS, SD (FHA|USDA|VA) 4 $1,110,000 $277,500 $4,144 3.06%
Butte-Silver Bow, MT (FHA|USDA|VA) 2 $540,000 $270,000 $4,360 3.69%
Helena, MT (FHA|USDA|VA) 2 $420,000 $210,000 $10,812 3.13%
GREAT FALLS, MT (FHA|USDA|VA) 1 $165,000 $165,000 $5,920 3.63%
Pierre, SD (FHA|USDA|VA) 1 $145,000 $145,000 $3,959 2.50%
BISMARCK, ND (FHA|USDA|VA) 1 $145,000 $145,000 $3,513 2.50%

Unify Home Lending 's top markets include Rapid City, Williston, Dickinson, Spearfish, and Gillette among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 379 $98,335,000 $259,459 $4,207 2.94%
FHA 131 $31,005,000 $236,679 $6,560 3.10%
VA 63 $17,925,000 $284,524 $8,034 2.83%
USDA 23 $4,815,000 $209,348 $4,262 2.97%

For the 2021 period, Unify Home Lending 's most frequently originated loan type of loans were Conventional, with 379 originations. Their 2nd most popular type is FHA, with 131 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 369 $96,965,000 $262,778 $5,291 3.00%
Refi 134 $31,110,000 $232,164 $4,600 2.86%
Cash Out Refi 93 $24,005,000 $258,118 $5,256 2.97%

For the 2021, Unify Home Lending 's most frequently cited loan purpose of loans were Home Purchase, with 369 originations. The 2nd most popular reason of loans were Refi, with 134 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 520 $134,230,000 $258,135 $5,276 3.03%
15 Year 64 $14,990,000 $234,219 $4,207 2.48%
20 Year 7 $1,355,000 $193,571 $2,710 2.80%
10 Year 3 $285,000 $95,000 $2,793 2.50%
Other 2 $1,220,000 $610,000 $8,921 3.44%

For the 2021, Unify Home Lending 's most frequently cited loan length of loans were 30 Year, with 520 originations. The 2nd most popular length of loans were 15 Year, with 64 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 161 $39,485,000 $245,248
$1k-2k 160 $36,100,000 $225,625
$3k-4k 135 $39,465,000 $292,333
$2k-3k 106 $23,560,000 $222,264
$5k+ 34 $13,470,000 $396,176

$5,276 of loans were Unify Home Lending 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 161 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 258 $65,810,000 $255,078
3-4% 240 $62,270,000 $259,458
<2.5% 92 $22,640,000 $246,087
4-5% 6 $1,360,000 $226,667

During 2021, Unify Home Lending 's average interest rate of loans were 3.03%, while their most frequently originated rate bucket of loans were 2.5-3%, with 258 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 356 $99,250,000 $278,792 $5,500 2.99%
$100k-200k 167 $26,395,000 $158,054 $3,987 2.91%
$400k-600k 47 $22,045,000 $469,043 $6,716 2.92%
$100,000 or less 23 $1,875,000 $81,522 $3,114 3.06%
$600k-1MM 3 $2,515,000 $838,333 $15,533 3.38%

2021 saw Unify Home Lending place emphasis on $200k-400k loans with 356 originations, totaling $99,250,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 150 $32,740,000 $218,267 $4,552 3.01%
$100k-150k 139 $41,165,000 $296,151 $5,919 2.92%
$75k-100k 121 $30,515,000 $252,190 $5,338 2.99%
$50k or less 99 $16,785,000 $169,545 $4,302 2.95%
$150k-250k 70 $24,180,000 $345,429 $5,546 2.96%
$250k+ 17 $6,695,000 $393,824 $5,429 2.88%

Unify Home Lending lent most frequently to those with incomes in the $50k-75k range, with 150 originations. The second most popular income band? $100k-150k, with 139 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 105 $26,485,000 $252,238 $4,802 2.88%
30-36% 102 $26,790,000 $262,647 $4,953 2.97%
<20% 41 $10,045,000 $245,000 $4,477 2.82%
42% 28 $8,210,000 $293,214 $5,654 3.14%
40% 27 $6,725,000 $249,074 $4,752 2.86%
50-60% 27 $7,635,000 $282,778 $7,636 2.91%
37% 26 $6,110,000 $235,000 $5,245 3.03%
44% 26 $5,900,000 $226,923 $4,498 3.01%
41% 25 $5,695,000 $227,800 $4,967 3.10%
43% 25 $6,085,000 $243,400 $4,615 2.97%
38% 24 $5,440,000 $226,667 $4,723 2.94%
39% 23 $6,155,000 $267,609 $5,447 3.01%
36% 22 $5,830,000 $265,000 $5,173 2.89%
45% 20 $4,910,000 $245,500 $5,505 3.10%
48% 19 $4,855,000 $255,526 $5,469 3.10%
47% 16 $3,960,000 $247,500 $4,751 3.22%
46% 16 $4,950,000 $309,375 $7,288 2.88%
49% 12 $3,160,000 $263,333 $4,299 3.23%
>60% 11 $2,975,000 $270,455 $5,776 2.70%

Unify Home Lending lent most frequently to those with DTI ratios of 20-30%, with 105 originations. The next most common DTI ratio? 30-36%, with 102 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 559 $142,225,000 $254,428 $5,146 2.96%
American Indian 16 $3,680,000 $230,000 $3,997 3.06%
Asian 7 $2,305,000 $329,286 $5,282 3.00%
Black 6 $1,880,000 $313,333 $5,938 2.88%
Not provided 7 $1,715,000 $245,000 $6,310 3.05%
Native Hawaiian 1 $275,000 $275,000 $368 2.88%

Approval Rates

Total approvals of all applications
97.32%

Unify Home Lending 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
68.53%

Unify Home Lending 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 596 $152,080,000 $255,168

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
596 $152,080,000 $255,168

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 19 $2,345,000 $123,421 $3,503 2.76%
40-60% 45 $9,115,000 $202,556 $3,751 2.74%
60-80% 166 $42,220,000 $254,337 $4,638 2.97%
80-100% 347 $92,395,000 $266,268 $5,180 3.01%
Over 100% 18 $5,950,000 $330,556 $13,958 2.80%
Under 20% 1 $55,000 $55,000 $3,844 2.38%