United Built Homes Mortgage Rates, Fees & Info
BATON ROUGE, LALEI: 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
334Origination Dollar Volume (All Markets)
$106,050,000Relative 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% |
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
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
2023 saw United Built Homes place emphasis on $200k-400k loans with 281 originations, totaling $85,645,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications72.71%
United Built Homes has a below average approval rate.
Pick Rate
Approvals leading to origination47.01%
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 |