First United Corporation Mortgage Rates, Fees & Info
Oakland, MDLEI: 549300G54QPXQLB4KN58
Tax ID: 52-0312890
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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. Their top markets by origination volume include: Cumberland, Morgantown, Washington, Hagerstown, and Salisbury among others. We have data for 19 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.
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Originations
200Origination Dollar Volume (All Markets)
$59,830,000Top 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 | 64 | $23,080,000 | $360,625 | $0 | 0.00% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 62 | $10,390,000 | $167,581 | $0 | 0.00% |
| MORGANTOWN, WV (FHA|USDA|VA) | 29 | $8,425,000 | $290,517 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 10 | $6,810,000 | $681,000 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 8 | $2,450,000 | $306,250 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $1,705,000 | $568,333 | $0 | 0.00% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 5 | $1,575,000 | $315,000 | $0 | 0.00% |
| Fairmont, WV (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| Clarksburg, WV (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| Somerset, PA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 200 | $59,830,000 | $299,150 | $0 | 0.00% |
For 2024, First United Corporation's most frequently originated type of loan was Conventional, with 200 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 158 | $49,780,000 | $315,063 | $0 | 0.00% |
| Cash Out Refi | 22 | $4,480,000 | $203,636 | $0 | 0.00% |
| Refi | 20 | $5,570,000 | $278,500 | $0 | 0.00% |
For 2024, First United Corporation's most frequently cited loan purpose was Home Purchase, with 158 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 200 | $59,830,000 | $299,150 | $0 | 0.00% |
For 2024, First United Corporation's most frequently cited loan duration was Other, with 200 originations.
Loan Sizing
2024 saw First United Corporation place emphasis on $100k-200k loans with 66 originations, totaling $9,620,000 in origination value.
Applicant Income
First United Corporation lent most frequently to those with incomes in the $150k-250k range, with 34 originations. The second most popular income band? $50k-75k, with 32 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 200 | $59,830,000 | $299,150 | $0 | 0.00% |
First United Corporation lent most frequently to those with DTI ratios of Exempt%, with 200 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.92%
First United Corporation has a below average approval rate.
Pick Rate
Approvals leading to origination89.00%
First United Corporation has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 200 | $59,830,000 | $299,150 |