Unify Home Lending Mortgage Rates, Fees & Info

PIERRE, SD

LEI: 549300FYFTBGRGV82A93

Tax ID: 82-5462218

Latest/2023 | 2022 Data | 2021 Data | 2020 Data |

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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 Gillette among others. We have data for 13 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.

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 6.75% 3/28/24
30 Year Conventional Refi 6.84% 3/28/24
30 Year Cash-out Refi 6.89% 3/28/24
30 Year FHA Purchase 7.60% 3/28/24
30 Year FHA Refi 6.73% 3/28/24
30 Year VA Purchase 6.74% 3/28/24
30 Year USDA Purchase 6.63% 3/28/24
15 Year Conventional Purchase 6.23% 3/28/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Unify Home Lending. 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

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

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) 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.

Their top states include:
  • South Dakota (FHA|USDA|VA)
  • North Dakota (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • 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.

    WESTERN COOPERATIVE CREDIT UNION
    Similarity Rank: 128
    Pinnacle Bank - Wyoming
    Similarity Rank: 208
    WEOKIE
    Similarity Rank: 432
    American Bank of Oklahoma
    Similarity Rank: 459
    TTCU Federal Credit Union
    Similarity Rank: 518
    TRUE SKY
    Similarity Rank: 550
    ALLEGIANCE
    Similarity Rank: 657
    CWM PARTNERS, L.P.
    Similarity Rank: 666
    Security First Bank
    Similarity Rank: 667

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Unify Home Lending's most frequently originated type of loan was Conventional, with 379 originations. Their 2nd most popular type was FHA, with 131 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Unify Home Lending's most frequently cited loan purpose was Home Purchase, with 369 originations. The 2nd most popular reason was 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 2021, Unify Home Lending's most frequently cited loan duration was 30 Year, with 520 originations. The 2nd most popular length was 15 Year, with 64 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 161 $39,485,000 $245,248
    $1k-2k 160 $36,100,000 $225,625
    $2k-3k 106 $23,560,000 $222,264
    $3k-4k 96 $25,810,000 $268,854
    $4k-5k 39 $13,655,000 $350,128
    $5k+ 34 $13,470,000 $396,176

    Unify Home Lending's average total fees were $5,276, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.03%, while their most frequently originated rate bucket for loans was 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 or Islander 1 $275,000 $275,000 $368 2.88%

    Approval Rates

    Total approvals of all applications
    97.54%

    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
    71.14%

    Unify Home Lending has a below average pick rate.

    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%