Unify Home Lending Mortgage Rates, Fees & Info
PIERRE, SDLEI: 549300FYFTBGRGV82A93
Tax ID: 82-5462218
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Mortgage Data
Review & 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 by origination volume include: Rapid City, Williston, Dickinson, Spearfish, and Sioux Falls among others. We have data for 16 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.75% | 11/21/24 |
| 30 Year Conventional Refi | 6.84% | 11/21/24 |
| 30 Year Cash-out Refi | 6.89% | 11/21/24 |
| 30 Year FHA Purchase | 7.60% | 11/21/24 |
| 30 Year FHA Refi | 6.73% | 11/21/24 |
| 30 Year VA Purchase | 6.74% | 11/21/24 |
| 30 Year USDA Purchase | 6.63% | 11/21/24 |
| 15 Year Conventional Purchase | 6.23% | 11/21/24 |
| 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. | ||
Unify Home Lending Mortgage Calculator
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This is not an official calculator from Unify Home Lending. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
462Origination Dollar Volume (All Markets)
$110,760,000Awards
Unify Home Lending - 2020
Unify Home Lending is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| RAPID CITY, SD (FHA|USDA|VA) | 257 | $59,595,000 | $231,887 | $4,342 | 2.79% |
| Outside of Metro Areas | 93 | $22,165,000 | $238,333 | $4,907 | 3.13% |
| Williston, ND (FHA|USDA|VA) | 63 | $16,355,000 | $259,603 | $5,146 | 3.09% |
| Dickinson, ND (FHA|USDA|VA) | 15 | $4,175,000 | $278,333 | $3,754 | 2.77% |
| Spearfish, SD (FHA|USDA|VA) | 10 | $2,110,000 | $211,000 | $3,483 | 2.56% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 5 | $1,565,000 | $313,000 | $5,051 | 2.90% |
| Gillette, WY (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $5,422 | 3.16% |
| BILLINGS, MT (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $6,114 | 3.04% |
| GREAT FALLS, MT (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,793 | 3.25% |
| Helena, MT (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $1,190 | 3.19% |
| Yankton, SD (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,019 | 2.50% |
| Jamestown, ND (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $7,270 | 4.00% |
| Laramie, WY (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,383 | 2.63% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $14,520 | 2.75% |
| CASPER, WY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $12,164 | 3.75% |
| Vermillion, SD (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,181 | 3.00% |
Similar Lenders
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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Product Mix
For 2020, Unify Home Lending's most frequently originated type of loan was Conventional, with 270 originations. Their 2nd most popular type was VA, with 93 originations.
Loan Reason
For 2020, Unify Home Lending's most frequently cited loan purpose was Home Purchase, with 224 originations. The 2nd most popular reason was Refi, with 177 originations.
Loan Duration/Length
For 2020, Unify Home Lending's most frequently cited loan duration was 30 Year, with 408 originations. The 2nd most popular length was 15 Year, with 49 originations.
Origination Fees/Closing Costs
Unify Home Lending's average total fees were $4,773, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 135 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 207 | $51,055,000 | $246,643 |
| 3-4% | 124 | $30,580,000 | $246,613 |
| <2.5% | 116 | $25,600,000 | $220,690 |
| 4-5% | 15 | $3,525,000 | $235,000 |
During 2020, Unify Home Lending's average interest rate for loans was 2.97%, while their most frequently originated rate bucket for loans was 2.5-3%, with 207 originations.
Loan Sizing
2020 saw Unify Home Lending place emphasis on $200k-400k loans with 243 originations, totaling $66,785,000 in origination value.
Applicant Income
Unify Home Lending lent most frequently to those with incomes in the $50k-75k range, with 128 originations. The second most popular income band? $50k or less, with 98 originations.
Applicant Debt to Income Ratio
Unify Home Lending lent most frequently to those with DTI ratios of 20-30%, with 96 originations. The next most common DTI ratio? 30-36%, with 83 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.04%
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 origination65.15%
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 | 462 | $110,760,000 | $239,740 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 39 | $8,285,000 | $212,436 |
| Single Family (1-4 Units):Site-Built | 423 | $102,475,000 | $242,258 |