Unify Home Lending Mortgage Rates, Fees & Info
PIERRE, SDLEI: 549300FYFTBGRGV82A93
Tax ID: 82-5462218
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
596Origination Dollar Volume (All Markets)
$152,080,000Awards
Unify Home Lending - 2021
Unify Home Lending is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications97.32%
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 origination68.53%
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% |
