United Built Homes Mortgage Rates, Fees & Info

BATON ROUGE, LA

LEI: 549300HTRLFU2IIL4380

Tax ID: 72-0506617

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Mortgage Data

Review & Overview

United Built Homes is a smaller mortgage company specializing in Home Purchase loans. United Built Homes has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Houston, Longview, Shreveport, and Texarkana among others. We have data for 56 markets. (Some data included below & more in-depth data is available with an active subscription.)

United Built Homes 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. 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.27% 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.

United Built Homes Mortgage Calculator






Your Estimates

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

This is not an official calculator from United Built Homes. 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

334

Origination Dollar Volume (All Markets)

$106,050,000

Relative Rate

United Built Homes's average 30 year fixed mortgage rate was 8.99%.

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

This yields a difference of 2.51%.

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
Outside of Metro Areas 98 $31,330,000 $319,694 $0 8.97%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 32 $10,560,000 $330,000 $0 8.99%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 15 $4,965,000 $331,000 $0 8.99%
LONGVIEW, TX (FHA|USDA|VA) 15 $4,765,000 $317,667 $0 8.99%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 12 $3,560,000 $296,667 $0 8.91%
TEXARKANA, TX-AR (FHA|USDA|VA) 12 $3,470,000 $289,167 $0 8.99%
TYLER, TX (FHA|USDA|VA) 10 $3,410,000 $341,000 $0 8.99%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 10 $3,110,000 $311,000 $0 8.99%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $2,905,000 $322,778 $0 8.99%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 9 $2,675,000 $297,222 $0 8.88%
TULSA, OK (FHA|USDA|VA) 9 $2,565,000 $285,000 $0 8.99%
Corsicana, TX (FHA|USDA|VA) 5 $2,085,000 $417,000 $0 8.99%
Athens, TX (FHA|USDA|VA) 6 $1,980,000 $330,000 $0 8.99%
CORPUS CHRISTI, TX (FHA|USDA|VA) 5 $1,865,000 $373,000 $0 8.99%
OKLAHOMA CITY, OK (FHA|USDA|VA) 6 $1,850,000 $308,333 $0 8.99%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 5 $1,805,000 $361,000 $0 8.99%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 6 $1,620,000 $270,000 $0 8.99%
WACO, TX (FHA|USDA|VA) 5 $1,565,000 $313,000 $0 8.99%
Jacksonville, TX (FHA|USDA|VA) 5 $1,355,000 $271,000 $0 8.99%
SHERMAN-DENISON, TX (FHA|USDA|VA) 4 $1,220,000 $305,000 $0 8.99%
Bonham, TX (FHA|USDA|VA) 4 $1,100,000 $275,000 $0 8.99%
Natchitoches, LA (FHA|USDA|VA) 3 $855,000 $285,000 $0 8.99%
MONROE, LA (FHA|USDA|VA) 3 $825,000 $275,000 $0 8.99%
Sulphur Springs, TX (FHA|USDA|VA) 2 $790,000 $395,000 $0 8.99%
Gainesville, TX (FHA|USDA|VA) 2 $750,000 $375,000 $0 8.99%
Searcy, AR (FHA|USDA|VA) 2 $730,000 $365,000 $0 8.99%
Kingsville, TX (FHA|USDA|VA) 2 $710,000 $355,000 $0 8.99%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $700,000 $350,000 $0 8.99%
VICTORIA, TX (FHA|USDA|VA) 2 $700,000 $350,000 $0 8.99%
Mineral Wells, TX (FHA|USDA|VA) 2 $670,000 $335,000 $0 8.99%
El Dorado, AR (FHA|USDA|VA) 2 $590,000 $295,000 $0 8.99%
Granbury, TX (FHA|USDA|VA) 2 $580,000 $290,000 $0 8.99%
Palestine, TX (FHA|USDA|VA) 2 $560,000 $280,000 $0 8.99%
El Campo, TX (FHA|USDA|VA) 2 $550,000 $275,000 $0 8.99%
ALEXANDRIA, LA (FHA|USDA|VA) 2 $520,000 $260,000 $0 8.99%
Hope, AR (FHA|USDA|VA) 2 $480,000 $240,000 $0 8.99%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $465,000 $465,000 $0 8.99%
Mount Pleasant, TX (FHA|USDA|VA) 1 $445,000 $445,000 $0 8.99%
Paris, TX (FHA|USDA|VA) 1 $425,000 $425,000 $0 8.99%
Harrison, AR (FHA|USDA|VA) 1 $385,000 $385,000 $0 8.99%
Alice, TX (FHA|USDA|VA) 1 $375,000 $375,000 $0 8.99%
Shawnee, OK (FHA|USDA|VA) 1 $365,000 $365,000 $0 8.99%
Malvern, AR (FHA|USDA|VA) 1 $335,000 $335,000 $0 8.99%
Ruston, LA (FHA|USDA|VA) 1 $335,000 $335,000 $0 8.99%
Minden, LA (FHA|USDA|VA) 1 $335,000 $335,000 $0 8.99%
Rockport, TX (FHA|USDA|VA) 1 $325,000 $325,000 $0 8.99%
Tahlequah, OK (FHA|USDA|VA) 1 $305,000 $305,000 $0 8.99%
Muskogee, OK (FHA|USDA|VA) 1 $285,000 $285,000 $0 8.99%
Opelousas, LA (FHA|USDA|VA) 1 $275,000 $275,000 $0 8.99%
Fort Polk South, LA (FHA|USDA|VA) 1 $275,000 $275,000 $0 8.99%
Durant, OK (FHA|USDA|VA) 1 $265,000 $265,000 $0 8.99%
Magnolia, AR (FHA|USDA|VA) 1 $265,000 $265,000 $0 8.99%
Stillwater, OK (FHA|USDA|VA) 1 $265,000 $265,000 $0 8.99%
Stephenville, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 8.99%
McAlester, OK (FHA|USDA|VA) 1 $215,000 $215,000 $0 8.99%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.97%
United Built Homes's top markets include Dallas, Houston, Longview, Shreveport, and Texarkana among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 334 $106,050,000 $317,515 $0 8.97%

    For 2023, United Built Homes's most frequently originated type of loan was Conventional, with 334 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 334 $106,050,000 $317,515 $0 8.97%

    For 2023, United Built Homes's most frequently cited loan purpose was Home Purchase, with 334 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 329 $104,985,000 $319,103 $0 8.99%
    20 Year 4 $730,000 $182,500 $0 7.97%
    Other 1 $335,000 $335,000 $0 7.99%

    For 2023, United Built Homes's most frequently cited loan duration was 30 Year, with 329 originations. The 2nd most popular length was 20 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 17 $5,945,000 $349,706
    $2k-3k 10 $4,040,000 $404,000
    $<1k 6 $1,910,000 $318,333
    $3k-4k 6 $2,150,000 $358,333
    $4k-5k 4 $1,520,000 $380,000
    $5k+ 3 $1,385,000 $461,667

    United Built Homes's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 17 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 329 $104,985,000 $319,103
    7-8% 5 $1,065,000 $213,000

    During 2023, United Built Homes's average interest rate for loans was 8.99%, while their most frequently originated rate bucket for loans was Over 8%, with 329 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 281 $85,645,000 $304,786 $0 8.98%
    $400k-600k 43 $18,765,000 $436,395 $0 8.99%
    $100k-200k 10 $1,640,000 $164,000 $0 8.68%

    2023 saw United Built Homes place emphasis on $200k-400k loans with 281 originations, totaling $85,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 140 $44,970,000 $321,214 $0 8.99%
    $150k-250k 95 $33,125,000 $348,684 $0 8.98%
    $75k-100k 55 $15,935,000 $289,727 $0 8.95%
    $50k-75k 30 $7,390,000 $246,333 $0 8.92%
    $250k+ 11 $3,845,000 $349,545 $0 8.99%
    $50k or less 3 $785,000 $261,667 $0 8.99%

    United Built Homes lent most frequently to those with incomes in the $100k-150k range, with 140 originations. The second most popular income band? $150k-250k, with 95 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 64 $20,190,000 $315,469 $0 8.96%
    42% 44 $14,080,000 $320,000 $0 8.97%
    20-30% 41 $12,805,000 $312,317 $0 8.97%
    43% 36 $11,700,000 $325,000 $0 8.99%
    41% 31 $10,115,000 $326,290 $0 8.99%
    38% 23 $7,045,000 $306,304 $0 8.99%
    40% 23 $6,915,000 $300,652 $0 8.99%
    39% 16 $5,270,000 $329,375 $0 8.99%
    36% 15 $4,765,000 $317,667 $0 8.99%
    37% 14 $4,790,000 $342,143 $0 8.99%
    44% 10 $3,040,000 $304,000 $0 8.99%
    <20% 6 $1,730,000 $288,333 $0 8.82%
    45% 6 $2,040,000 $340,000 $0 8.99%
    46% 2 $560,000 $280,000 $0 8.99%
    50-60% 2 $630,000 $315,000 $0 8.99%
    47% 1 $375,000 $375,000 $0 8.99%

    United Built Homes lent most frequently to those with DTI ratios of 30-36%, with 64 originations. The next most common DTI ratio? 42%, with 44 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 278 $88,300,000 $317,626 $0 8.98%
    Black 46 $14,640,000 $318,261 $0 8.97%
    American Indian 7 $2,165,000 $309,286 $0 8.99%
    Vietnamese 1 $375,000 $375,000 $0 8.99%
    Filipino 1 $315,000 $315,000 $0 8.99%
    Other Asian 1 $255,000 $255,000 $0 8.99%

    Approval Rates

    Total approvals of all applications
    72.71%

    United Built Homes has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    47.01%

    United Built Homes 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 334 $106,050,000 $317,515

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    334 $106,050,000 $317,515

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $635,000 $211,667 $0 8.99%
    40-60% 19 $5,465,000 $287,632 $0 8.99%
    60-80% 73 $23,085,000 $316,233 $0 8.98%
    80-100% 172 $53,950,000 $313,663 $0 8.98%
    Over 100% 67 $22,915,000 $342,015 $0 8.96%