Unify Home Lending Mortgage Rates, Fees & InfoPIERRE, SD
Tax ID: 82-5462218
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewUnify Home Lending is a smaller mortgage company specializing in 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 by origination volume include: Rapid City, Gillette, Williston, Spearfish, and Billings among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)
Unify Home Lending 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. Unify Home Lending 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.75%||3/27/23|
|30 Year Conventional Refi||6.84%||3/27/23|
|30 Year Cash-out Refi||6.89%||3/27/23|
|30 Year FHA Purchase||7.60%||3/27/23|
|30 Year FHA Refi||6.73%||3/27/23|
|30 Year VA Purchase||6.74%||3/27/23|
|30 Year USDA Purchase||6.63%||3/27/23|
|15 Year Conventional Purchase||6.23%||3/27/23|
|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.|
Origination Dollar Volume (All Markets)$110,205,000
Unify Home Lending's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.33%.
Relative Fees (Closing Costs)
Unify Home Lending's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,240.
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 $4,750.
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|
|RAPID CITY, SD (FHA|USDA|VA)||126||$37,090,000||$294,365||$7,159||4.93%|
|Outside of Metro Areas||148||$36,240,000||$244,865||$5,492||5.12%|
|Gillette, WY (FHA|USDA|VA)||59||$13,895,000||$235,508||$4,945||5.04%|
|Williston, ND (FHA|USDA|VA)||31||$8,025,000||$258,871||$5,751||5.21%|
|Spearfish, SD (FHA|USDA|VA)||11||$3,455,000||$314,091||$6,840||4.70%|
|BILLINGS, MT (FHA|USDA|VA)||9||$2,595,000||$288,333||$9,825||4.89%|
|Dickinson, ND (FHA|USDA|VA)||8||$1,740,000||$217,500||$6,468||5.48%|
|SIOUX FALLS, SD (FHA|USDA|VA)||6||$1,680,000||$280,000||$5,947||5.17%|
|BISMARCK, ND (FHA|USDA|VA)||4||$1,340,000||$335,000||$5,929||4.85%|
|OKLAHOMA CITY, OK (FHA|USDA|VA)||7||$1,275,000||$182,143||$5,839||6.02%|
|Helena, MT (FHA|USDA|VA)||2||$810,000||$405,000||$22,087||5.69%|
|Minot, ND (FHA|USDA|VA)||1||$365,000||$365,000||$2,191||7.50%|
|Laramie, WY (FHA|USDA|VA)||1||$335,000||$335,000||$10,480||5.75%|
|CASPER, WY (FHA|USDA|VA)||1||$325,000||$325,000||$9,881||2.99%|
|Yankton, SD (FHA|USDA|VA)||1||$315,000||$315,000||$17,126||7.13%|
|Kalispell, MT (FHA|USDA|VA)||1||$255,000||$255,000||$7,979||4.25%|
|SIOUX CITY, IA-NE-SD (FHA|USDA|VA)||1||$235,000||$235,000||$7,491||5.88%|
|Duncan, OK (FHA|USDA|VA)||1||$145,000||$145,000||$4,571||5.50%|
|GREAT FALLS, MT (FHA|USDA|VA)||1||$85,000||$85,000||$5,252||5.38%|
We use machine learning to identify the top lenders compared against Unify Home Lending based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Unify Home Lending's most frequently originated type of loan was Conventional, with 223 originations. Their 2nd most popular type was FHA, with 123 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||23||$5,645,000||$245,435||$6,969||4.49%|
For 2022, Unify Home Lending's most frequently cited loan purpose was Home Purchase, with 360 originations. The 2nd most popular reason was Refi, with 36 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Unify Home Lending's most frequently cited loan duration was 30 Year, with 409 originations. The 2nd most popular length was 15 Year, with 10 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Unify Home Lending's average total fees were $6,240, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 162 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Unify Home Lending's average interest rate for loans was 5.09%, while their most frequently originated rate bucket for loans was 5-6%, with 140 originations.
2022 saw Unify Home Lending place emphasis on $200k-400k loans with 235 originations, totaling $67,195,000 in origination value.
Unify Home Lending lent most frequently to those with incomes in the $50k-75k range, with 120 originations. The second most popular income band? $100k-150k, with 113 originations.
Applicant Debt to Income Ratio
Unify Home Lending lent most frequently to those with DTI ratios of 30-36%, with 84 originations. The next most common DTI ratio? 20-30%, with 48 originations.
Approval RatesTotal approvals of all applications
Unify Home Lending has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Unify Home Lending has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|