First United Corporation Mortgage Rates, Fees & Info
Oakland, MDLEI: 549300G54QPXQLB4KN58
Tax ID: 52-0312890
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
First United Corporation is a smaller mortgage company specializing in Home Purchase loans. First United Corporation has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Morgantown, Cumberland, Hagerstown, Washington, and Miami among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)First United Corporation has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
Originations
266Origination Dollar Volume (All Markets)
$88,230,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 76 | $34,600,000 | $455,263 | $0 | 0.00% |
| MORGANTOWN, WV (FHA|USDA|VA) | 37 | $13,025,000 | $352,027 | $0 | 0.00% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 72 | $11,070,000 | $153,750 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 27 | $9,005,000 | $333,519 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 17 | $8,215,000 | $483,235 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,980,000 | $990,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $1,870,000 | $935,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 0.00% |
| Fairmont, WV (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $0 | 0.00% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $0 | 0.00% |
| Clarksburg, WV (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| Somerset, PA (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 265 | $88,095,000 | $332,434 | $0 | 0.00% |
| USDA | 1 | $135,000 | $135,000 | $0 | 0.00% |
For 2023, First United Corporation's most frequently originated type of loan was Conventional, with 265 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2023, First United Corporation's most frequently cited loan purpose was Home Purchase, with 214 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 266 | $88,230,000 | $331,692 | $0 | 0.00% |
For 2023, First United Corporation's most frequently cited loan duration was Other, with 266 originations.
Loan Sizing
2023 saw First United Corporation place emphasis on $100k-200k loans with 81 originations, totaling $12,365,000 in origination value.
Applicant Income
First United Corporation lent most frequently to those with incomes in the $250k+ range, with 48 originations. The second most popular income band? $50k or less, with 46 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 266 | $88,230,000 | $331,692 | $0 | 0.00% |
First United Corporation lent most frequently to those with DTI ratios of Exempt%, with 266 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.56%
First United Corporation has an average approval rate.
Pick Rate
Approvals leading to origination78.95%
First United Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 266 | $88,230,000 | $331,692 |