Union Savings Bank Mortgage Rates, Fees & Info

Cincinnati, OH

LEI: 549300HFBEONQN2CK447

Tax ID: 31-0473290

5 stars - Updated: 5/20/24 - out of 5 stars, based on 82 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Union Savings Bank is a small bank specializing in Home Purchase loans. Union Savings Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Cincinnati, Columbus, Dayton, Indianapolis, and Pittsburgh among others. We have data for 164 markets. (Some data included below & more in-depth data is available with an active subscription.)

Union Savings Bank 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. Union Savings Bank is typically a low 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 relatively high 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
Home Equity Line of Credit (HELOC) 6.47% 5/20/24
30 Year Conventional Purchase 6.59% 5/20/24
30 Year Conventional Refi 6.38% 5/20/24
30 Year Cash-out Refi 6.48% 5/20/24
30 Year FHA Purchase 7.28% 5/20/24
30 Year FHA Refi 7.19% 5/20/24
30 Year VA Purchase 6.17% 5/20/24
30 Year VA Refi 5.73% 5/20/24
30 Year USDA Purchase 6.80% 5/20/24
30 Year USDA Refi 6.93% 5/20/24
15 Year Conventional Purchase 5.82% 5/20/24
15 Year Conventional Refi 5.80% 5/20/24
15 Year Cash-out Refi 5.80% 5/20/24
15 Year FHA Refi 5.96% 5/20/24
15 Year VA Purchase 6.23% 5/20/24
15 Year VA Refi 5.68% 5/20/24
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.

Union Savings Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Union Savings Bank. 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

6,766

Origination Dollar Volume (All Markets)

$1,721,000,000
Show all (44) awards

Relative Rate

Union Savings Bank's average 30 year fixed mortgage rate was 6.54%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.06%.

Relative Fees (Closing Costs)

Union Savings Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,895.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1,899 $458,155,000 $241,261 $2,170 6.99%
COLUMBUS, OH (FHA|USDA|VA) 1,235 $335,675,000 $271,802 $2,699 6.73%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1,213 $242,245,000 $199,707 $2,051 6.77%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 848 $207,520,000 $244,717 $1,903 6.62%
PITTSBURGH, PA (FHA|USDA|VA) 335 $87,825,000 $262,164 $4,157 6.73%
FORT WAYNE, IN (FHA|USDA|VA) 228 $50,290,000 $220,570 $1,746 6.36%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 20 $26,820,000 $1,341,000 $22,381 6.55%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 108 $24,300,000 $225,000 $4,652 6.79%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 13 $22,405,000 $1,723,462 $20,847 7.07%
Outside of Metro Areas 64 $14,430,000 $225,469 $2,810 6.81%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 25 $12,055,000 $482,200 $4,622 6.66%
COLUMBUS, IN (FHA|USDA|VA) 55 $12,005,000 $218,273 $1,540 7.23%
SPRINGFIELD, OH (FHA|USDA|VA) 56 $10,970,000 $195,893 $2,060 6.89%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 21 $9,905,000 $471,667 $8,040 6.35%
LOUISVILLE, KY (FHA|USDA|VA) 31 $9,835,000 $317,258 $3,822 6.21%
Wilmington, OH (FHA|USDA|VA) 26 $8,280,000 $318,462 $2,871 6.54%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 16 $7,100,000 $443,750 $4,282 6.21%
BLOOMINGTON, IN (FHA|USDA|VA) 24 $6,560,000 $273,333 $2,223 7.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 8 $5,560,000 $695,000 $8,031 6.56%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 10 $5,240,000 $524,000 $6,538 6.66%
New Castle, PA (FHA|USDA|VA) 33 $4,995,000 $151,364 $3,959 6.82%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 4 $4,570,000 $1,142,500 $8,823 6.34%
AKRON, OH (FHA|USDA|VA) 18 $4,340,000 $241,111 $4,401 7.08%
Breckenridge, CO (FHA|USDA|VA) 1 $4,295,000 $4,295,000 $0 4.25%
Sidney, OH (FHA|USDA|VA) 20 $4,260,000 $213,000 $1,792 7.12%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $4,250,000 $2,125,000 $32,835 6.69%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 14 $4,220,000 $301,429 $3,376 5.96%
Angola, IN (FHA|USDA|VA) 10 $4,100,000 $410,000 $1,432 6.84%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 5 $3,685,000 $737,000 $3,614 6.90%
Bellefontaine, OH (FHA|USDA|VA) 16 $3,540,000 $221,250 $1,926 6.85%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 18 $3,490,000 $193,889 $3,957 6.31%
Mount Vernon, OH (FHA|USDA|VA) 19 $3,405,000 $179,211 $3,896 7.68%
JACKSONVILLE, FL (FHA|USDA|VA) 8 $3,090,000 $386,250 $5,892 6.53%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $3,080,000 $1,540,000 $3,082 6.06%
Key West, FL (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $34,029 7.38%
Marion, OH (FHA|USDA|VA) 12 $2,770,000 $230,833 $3,728 6.81%
TOLEDO, OH (FHA|USDA|VA) 10 $2,710,000 $271,000 $2,865 6.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $2,685,000 $537,000 $3,981 6.38%
Greenville, OH (FHA|USDA|VA) 13 $2,605,000 $200,385 $2,475 6.84%
Warsaw, IN (FHA|USDA|VA) 10 $2,540,000 $254,000 $1,461 6.69%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $2,515,000 $359,286 $4,072 6.86%
CANTON-MASSILLON, OH (FHA|USDA|VA) 8 $2,330,000 $291,250 $4,169 6.36%
Somerset, PA (FHA|USDA|VA) 6 $2,310,000 $385,000 $4,116 6.77%
THE VILLAGES, FL (FHA|USDA|VA) 7 $2,245,000 $320,714 $2,751 6.61%
Washington Court House, OH (FHA|USDA|VA) 10 $2,020,000 $202,000 $5,041 6.91%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 7.38%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 7 $1,895,000 $270,714 $2,405 6.45%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $1,805,000 $601,667 $6,735 6.67%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $1,765,000 $1,765,000 $7,554 6.25%
KOKOMO, IN (FHA|USDA|VA) 9 $1,705,000 $189,444 $2,747 6.65%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $1,655,000 $551,667 $3,737 6.17%
Sevierville, TN (FHA|USDA|VA) 2 $1,610,000 $805,000 $4,964 6.56%
Urbana, OH (FHA|USDA|VA) 8 $1,600,000 $200,000 $4,011 7.63%
Indiana, PA (FHA|USDA|VA) 8 $1,580,000 $197,500 $6,063 6.58%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $1,575,000 $525,000 $6,388 6.38%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $1,575,000 $525,000 $8,787 6.50%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $1,565,000 $1,565,000 $21,899 5.88%
Zanesville, OH (FHA|USDA|VA) 8 $1,550,000 $193,750 $2,140 6.72%
MUNCIE, IN (FHA|USDA|VA) 7 $1,545,000 $220,714 $2,725 7.20%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 5 $1,535,000 $307,000 $4,099 6.20%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $1,480,000 $370,000 $6,289 6.66%
Huntington, IN (FHA|USDA|VA) 6 $1,450,000 $241,667 $2,467 6.56%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $1,295,000 $431,667 $3,320 7.04%
Crossville, TN (FHA|USDA|VA) 3 $1,295,000 $431,667 $4,016 6.71%
Brainerd, MN (FHA|USDA|VA) 1 $1,285,000 $1,285,000 $26,379 5.75%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $1,285,000 $428,333 $3,475 6.33%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $1,270,000 $635,000 $6,825 7.19%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $1,245,000 $415,000 $6,080 6.21%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $1,160,000 $290,000 $3,804 6.22%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $1,135,000 $1,135,000 $18,879 6.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $1,130,000 $282,500 $4,445 6.22%
Auburn, IN (FHA|USDA|VA) 8 $1,110,000 $138,750 $2,707 7.19%
Seneca, SC (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $3,886 5.88%
Greensburg, IN (FHA|USDA|VA) 4 $1,030,000 $257,500 $1,177 6.91%
Kendallville, IN (FHA|USDA|VA) 7 $1,015,000 $145,000 $1,492 7.13%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $965,000 $321,667 $3,464 6.63%
Somerset, KY (FHA|USDA|VA) 3 $935,000 $311,667 $1,370 6.29%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $915,000 $305,000 $5,799 6.33%
New Castle, IN (FHA|USDA|VA) 3 $885,000 $295,000 $2,121 7.71%
Athens, OH (FHA|USDA|VA) 5 $865,000 $173,000 $1,589 6.28%
Sandusky, OH (FHA|USDA|VA) 2 $860,000 $430,000 $3,396 6.31%
TERRE HAUTE, IN (FHA|USDA|VA) 4 $830,000 $207,500 $1,557 6.44%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $805,000 $805,000 $16,874 6.50%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $800,000 $400,000 $4,251 6.19%
Chillicothe, OH (FHA|USDA|VA) 7 $755,000 $107,857 $5,282 8.14%
PANAMA CITY, FL (FHA|USDA|VA) 2 $740,000 $370,000 $1,347 6.63%
SALINAS, CA (FHA|USDA|VA) 1 $735,000 $735,000 $0 7.00%
Danville, KY (FHA|USDA|VA) 2 $730,000 $365,000 $9,409 6.75%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $725,000 $725,000 $2,244 6.50%
LIMA, OH (FHA|USDA|VA) 5 $725,000 $145,000 $3,493 6.90%
Wapakoneta, OH (FHA|USDA|VA) 3 $715,000 $238,333 $2,118 6.13%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $700,000 $350,000 $3,611 6.19%
BOISE CITY, ID (FHA|USDA|VA) 1 $675,000 $675,000 $13,589 7.25%
Marion, NC (FHA|USDA|VA) 1 $665,000 $665,000 $4,328 6.50%
Findlay, OH (FHA|USDA|VA) 3 $665,000 $221,667 $1,299 7.17%
EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $660,000 $330,000 $1,471 6.63%
Frankfort, IN (FHA|USDA|VA) 1 $655,000 $655,000 $3,232 6.88%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 3 $645,000 $215,000 $1,767 7.13%
Bluffton, IN (FHA|USDA|VA) 3 $645,000 $215,000 $1,949 5.83%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $640,000 $320,000 $7,839 6.81%
BOWLING GREEN, KY (FHA|USDA|VA) 2 $640,000 $320,000 $5,882 6.06%
MANSFIELD, OH (FHA|USDA|VA) 5 $635,000 $127,000 $300 6.60%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $620,000 $310,000 $1,813 6.88%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $605,000 $605,000 $0 6.88%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $575,000 $575,000 $22,059 5.38%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $560,000 $280,000 $3,240 6.63%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $555,000 $555,000 $0 6.88%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $535,000 $535,000 $4,157 6.25%
Portsmouth, OH (FHA|USDA|VA) 2 $530,000 $265,000 $4,179 6.56%
Marietta, OH (FHA|USDA|VA) 3 $525,000 $175,000 $3,224 6.33%
ROCHESTER, MN (FHA|USDA|VA) 1 $525,000 $525,000 $3,126 6.25%
North Vernon, IN (FHA|USDA|VA) 4 $520,000 $130,000 $1,725 7.31%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $515,000 $515,000 $1,728 6.00%
Van Wert, OH (FHA|USDA|VA) 1 $505,000 $505,000 $1,943 5.88%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $455,000 $455,000 $3,810 6.88%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $425,000 $425,000 $2,987 6.25%
MORRISTOWN, TN (FHA|USDA|VA) 1 $395,000 $395,000 $0 9.25%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $355,000 $355,000 $8,324 7.50%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $345,000 $345,000 $2,892 6.50%
Wooster, OH (FHA|USDA|VA) 2 $320,000 $160,000 $1,670 6.94%
Jackson, OH (FHA|USDA|VA) 2 $310,000 $155,000 $3,468 7.50%
Bedford, IN (FHA|USDA|VA) 2 $310,000 $155,000 $2,118 7.00%
Forest City, NC (FHA|USDA|VA) 1 $305,000 $305,000 $2,843 6.63%
Ashland, OH (FHA|USDA|VA) 2 $300,000 $150,000 $2,599 7.94%
Georgetown, SC (FHA|USDA|VA) 1 $295,000 $295,000 $3,013 6.88%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $295,000 $295,000 $2,288 6.25%
GADSDEN, AL (FHA|USDA|VA) 1 $285,000 $285,000 $2,523 5.88%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $275,000 $275,000 $3,169 6.00%
Bucyrus-Galion, OH (FHA|USDA|VA) 2 $270,000 $135,000 $5,098 6.63%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $265,000 $265,000 $2,682 7.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $255,000 $255,000 $2,889 6.25%
Coshocton, OH (FHA|USDA|VA) 1 $255,000 $255,000 $3,059 6.50%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $245,000 $245,000 $2,147 5.75%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $245,000 $245,000 $3,011 6.88%
Seymour, IN (FHA|USDA|VA) 2 $240,000 $120,000 $535 5.88%
OCALA, FL (FHA|USDA|VA) 2 $240,000 $120,000 $4,866 6.94%
NEW BERN, NC (FHA|USDA|VA) 1 $235,000 $235,000 $6,701 5.25%
Muskogee, OK (FHA|USDA|VA) 1 $235,000 $235,000 $2,839 6.25%
Maysville, KY (FHA|USDA|VA) 1 $235,000 $235,000 $7,091 6.75%
Ashtabula, OH (FHA|USDA|VA) 1 $225,000 $225,000 $0 6.88%
MONROE, MI (FHA|USDA|VA) 1 $205,000 $205,000 $5,694 6.50%
Defiance, OH (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.88%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $185,000 $185,000 $4,090 7.50%
Hillsdale, MI (FHA|USDA|VA) 1 $185,000 $185,000 $2,969 6.88%
London, KY (FHA|USDA|VA) 1 $185,000 $185,000 $1,193 7.25%
Bardstown, KY (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.88%
Oil City, PA (FHA|USDA|VA) 1 $165,000 $165,000 $6,754 6.38%
Wabash, IN (FHA|USDA|VA) 1 $165,000 $165,000 $528 5.25%
OWENSBORO, KY (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.00%
Frankfort, KY (FHA|USDA|VA) 1 $155,000 $155,000 $1,650 5.25%
New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $135,000 $135,000 $425 5.75%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $125,000 $125,000 $4,448 6.75%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $125,000 $125,000 $1,878 6.88%
FLINT, MI (FHA|USDA|VA) 1 $125,000 $125,000 $1,852 7.50%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $115,000 $115,000 $1,493 7.00%
Kinston, NC (FHA|USDA|VA) 1 $105,000 $105,000 $1,638 7.00%
Coldwater, MI (FHA|USDA|VA) 1 $105,000 $105,000 $1,812 6.50%
Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $105,000 $105,000 $3,688 6.88%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $95,000 $95,000 $2,550 6.50%
Decatur, IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.00%
Richmond, IN (FHA|USDA|VA) 1 $85,000 $85,000 $3,316 7.13%
Crawfordsville, IN (FHA|USDA|VA) 1 $75,000 $75,000 $1,189 7.00%
DuBois, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.75%
Cedartown, GA (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.50%
Union Savings Bank's top markets include Cincinnati, Columbus, Dayton, Indianapolis, and Pittsburgh among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Union Savings Bank 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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,216 $1,504,280,000 $288,397 $2,216 6.30%
    HELOC 1,077 $108,825,000 $101,045 n/a 9.18%
    FHA 349 $70,735,000 $202,679 $7,173 6.77%
    VA 108 $34,420,000 $318,704 $5,621 6.45%
    USDA 16 $2,740,000 $171,250 $5,211 6.61%

    For 2023, Union Savings Bank's most frequently originated type of loan was Conventional, with 5,216 originations. Their 2nd most popular type was HELOC, with 1,077 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,376 $1,391,100,000 $317,893 $3,108 6.56%
    Home Improvement 825 $61,155,000 $74,127 $578 6.53%
    Other 676 $72,440,000 $107,160 $1,207 8.53%
    Cash Out Refi 628 $129,170,000 $205,685 $1,958 7.01%
    Refi 261 $67,135,000 $257,222 $1,491 6.33%

    For 2023, Union Savings Bank's most frequently cited loan purpose was Home Purchase, with 4,376 originations. The 2nd most popular reason was Home Improvement, with 825 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,076 $1,527,760,000 $300,977 $2,895 6.54%
    10 Year 1,112 $111,590,000 $100,351 $699 9.09%
    15 Year 280 $54,800,000 $195,714 $1,034 6.21%
    5 Year 238 $1,240,000 $5,210 $135 2.02%
    20 Year 44 $10,010,000 $227,500 $1,519 6.44%
    Other 16 $15,600,000 $975,000 $3,742 6.41%

    For 2023, Union Savings Bank's most frequently cited loan duration was 30 Year, with 5,076 originations. The 2nd most popular length was 10 Year, with 1,112 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,404 $913,710,000 $268,422
    $1k-2k 721 $185,725,000 $257,594
    $2k-3k 364 $107,680,000 $295,824
    $5k+ 199 $134,305,000 $674,899
    $3k-4k 186 $61,880,000 $332,688
    $4k-5k 86 $31,600,000 $367,442

    Union Savings Bank's average total fees were $2,895, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,404 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 3,230 $974,000,000 $301,548
    5-6% 1,303 $391,275,000 $300,288
    Over 8% 1,078 $101,320,000 $93,989
    7-8% 870 $230,720,000 $265,195
    <2.5% 238 $1,290,000 $5,420
    4-5% 40 $20,520,000 $513,000
    3-4% 6 $1,670,000 $278,333
    2.5-3% 1 $205,000 $205,000

    During 2023, Union Savings Bank's average interest rate for loans was 6.54%, while their most frequently originated rate bucket for loans was 6-7%, with 3,230 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,357 $663,565,000 $281,529 $2,772 6.61%
    $100k-200k 1,688 $248,940,000 $147,476 $2,045 6.90%
    $100,000 or less 1,569 $76,795,000 $48,945 $730 7.18%
    $400k-600k 759 $363,135,000 $478,439 $3,236 6.44%
    $600k-1MM 302 $218,760,000 $724,371 $4,699 6.48%
    $1MM+ 91 $149,805,000 $1,646,209 $13,707 6.47%

    2023 saw Union Savings Bank place emphasis on $200k-400k loans with 2,357 originations, totaling $663,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,649 $393,395,000 $238,566 $2,587 6.95%
    $150k-250k 1,469 $450,935,000 $306,967 $2,693 6.96%
    $50k-75k 994 $139,610,000 $140,453 $2,259 6.80%
    $75k-100k 956 $179,210,000 $187,458 $2,562 6.97%
    $250k+ 846 $425,450,000 $502,896 $4,154 6.75%
    $50k or less 540 $37,950,000 $70,278 $1,543 5.54%

    Union Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 1,649 originations. The second most popular income band? $150k-250k, with 1,469 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,651 $377,315,000 $228,537 $2,077 7.02%
    30-36% 1,344 $355,110,000 $264,219 $2,546 6.94%
    <20% 609 $138,745,000 $227,824 $1,988 7.04%
    38% 256 $80,630,000 $314,961 $3,008 6.92%
    42% 253 $72,585,000 $286,897 $2,875 6.96%
    36% 253 $72,075,000 $284,881 $2,602 6.90%
    37% 249 $67,055,000 $269,297 $2,602 6.88%
    39% 245 $64,825,000 $264,592 $3,024 7.04%
    40% 241 $70,185,000 $291,224 $2,456 6.82%
    44% 228 $65,670,000 $288,026 $4,356 7.11%
    41% 219 $58,175,000 $265,639 $3,009 6.92%
    43% 204 $55,000,000 $269,608 $3,059 6.94%
    45% 154 $48,900,000 $317,532 $3,941 6.82%
    46% 142 $44,020,000 $310,000 $4,234 6.90%
    47% 138 $43,280,000 $313,623 $3,877 6.82%
    50-60% 102 $26,390,000 $258,725 $6,478 6.79%
    48% 98 $28,450,000 $290,306 $4,438 6.95%
    49% 83 $21,565,000 $259,819 $4,325 6.76%
    >60% 3 $4,375,000 $1,458,333 $16,359 6.88%

    Union Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 1,651 originations. The next most common DTI ratio? 30-36%, with 1,344 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,281 $1,379,985,000 $261,311 $2,658 6.97%
    Not provided 543 $155,335,000 $286,068 $3,264 6.88%
    Asian 399 $111,565,000 $279,612 $2,322 6.67%
    Black 460 $52,040,000 $113,130 $2,100 4.67%
    Asian Indian 45 $13,825,000 $307,222 $3,125 6.66%
    American Indian 22 $3,750,000 $170,455 $2,098 7.29%
    Other Asian 5 $1,235,000 $247,000 $2,934 6.35%
    Native Hawaiian or Islander 4 $1,010,000 $252,500 $2,505 6.72%
    Chinese 2 $970,000 $485,000 $8,404 7.38%
    Other Pacific Islander 3 $675,000 $225,000 $1,138 6.00%
    Filipino 2 $610,000 $305,000 $3,215 6.44%

    Approval Rates

    Total approvals of all applications
    92.87%

    Union Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.32%

    Union Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,766 $1,721,000,000 $254,360

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,766 $1,721,000,000 $254,360

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 755 $101,805,000 $134,841 $1,275 7.71%
    40-60% 810 $245,420,000 $302,988 $2,264 6.76%
    60-80% 2,135 $732,825,000 $343,244 $2,763 6.55%
    80-100% 1,988 $584,980,000 $294,256 $3,443 6.55%
    Over 100% 20 $6,820,000 $341,000 $11,778 6.34%
    Under 20% 1,058 $49,150,000 $46,456 $510 7.10%