United Built Homes Mortgage Rates, Fees & Info

BATON ROUGE, LA

LEI: 549300HTRLFU2IIL4380

Tax ID: 72-0506617

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Dallas, Houston, San Antonio, Austin, and Beaumont among others. United Built Homes has a below average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

455

Origination Dollar Volume (All Markets)

$115,665,000

Relative Rate

United Built Homes 's average 30 year fixed rate mortgage of loans were 9.14%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 5.99%.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 121 $31,305,000 $258,719 $0 9.10%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 61 $15,345,000 $251,557 $0 9.16%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 20 $4,950,000 $247,500 $0 9.21%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 20 $4,810,000 $240,500 $0 9.16%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 11 $3,295,000 $299,545 $0 9.08%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 12 $3,050,000 $254,167 $0 9.15%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 11 $2,545,000 $231,364 $0 9.21%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 8 $2,490,000 $311,250 $0 9.11%
LONGVIEW, TX (FHA|USDA|VA) 9 $2,385,000 $265,000 $0 9.04%
Palestine, TX (FHA|USDA|VA) 9 $2,095,000 $232,778 $0 9.20%
Corsicana, TX (FHA|USDA|VA) 8 $2,090,000 $261,250 $0 9.17%
TYLER, TX (FHA|USDA|VA) 8 $1,920,000 $240,000 $0 9.23%
CORPUS CHRISTI, TX (FHA|USDA|VA) 6 $1,910,000 $318,333 $0 9.15%
SHERMAN-DENISON, TX (FHA|USDA|VA) 8 $1,900,000 $237,500 $0 9.11%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 7 $1,735,000 $247,857 $0 9.13%
Mineral Wells, TX (FHA|USDA|VA) 6 $1,660,000 $276,667 $0 8.82%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 7 $1,655,000 $236,429 $0 8.99%
TULSA, OK (FHA|USDA|VA) 8 $1,580,000 $197,500 $0 8.86%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 6 $1,530,000 $255,000 $0 9.15%
MONROE, LA (FHA|USDA|VA) 7 $1,505,000 $215,000 $0 9.13%
TEXARKANA, TX-AR (FHA|USDA|VA) 6 $1,490,000 $248,333 $0 9.23%
Fredericksburg, TX (FHA|USDA|VA) 5 $1,225,000 $245,000 $0 9.28%
FORT SMITH, AR-OK (FHA|USDA|VA) 5 $1,215,000 $243,000 $0 9.09%
Bonham, TX (FHA|USDA|VA) 4 $1,040,000 $260,000 $0 8.99%
Natchitoches, LA (FHA|USDA|VA) 4 $870,000 $217,500 $0 9.11%
Fort Polk South, LA (FHA|USDA|VA) 3 $865,000 $288,333 $0 9.15%
El Dorado, AR (FHA|USDA|VA) 3 $855,000 $285,000 $0 8.99%
BATON ROUGE, LA (FHA|USDA|VA) 3 $805,000 $268,333 $0 9.31%
VICTORIA, TX (FHA|USDA|VA) 3 $795,000 $265,000 $0 8.99%
Beeville, TX (FHA|USDA|VA) 2 $740,000 $370,000 $0 8.99%
Jacksonville, TX (FHA|USDA|VA) 3 $735,000 $245,000 $0 8.99%
Tahlequah, OK (FHA|USDA|VA) 3 $715,000 $238,333 $0 8.99%
Mount Pleasant, TX (FHA|USDA|VA) 3 $715,000 $238,333 $0 9.31%
Stephenville, TX (FHA|USDA|VA) 2 $690,000 $345,000 $0 9.23%
Port Lavaca, TX (FHA|USDA|VA) 2 $680,000 $340,000 $0 9.47%
Athens, TX (FHA|USDA|VA) 3 $675,000 $225,000 $0 9.15%
Minden, LA (FHA|USDA|VA) 4 $670,000 $167,500 $0 8.98%
El Campo, TX (FHA|USDA|VA) 3 $665,000 $221,667 $0 9.15%
WACO, TX (FHA|USDA|VA) 2 $660,000 $330,000 $0 9.23%
Ruston, LA (FHA|USDA|VA) 2 $630,000 $315,000 $0 8.99%
Sulphur Springs, TX (FHA|USDA|VA) 3 $605,000 $201,667 $0 9.31%
Granbury, TX (FHA|USDA|VA) 2 $570,000 $285,000 $0 9.23%
Russellville, AR (FHA|USDA|VA) 2 $540,000 $270,000 $0 8.99%
LAKE CHARLES, LA (FHA|USDA|VA) 2 $530,000 $265,000 $0 8.99%
McAlester, OK (FHA|USDA|VA) 2 $530,000 $265,000 $0 9.47%
Alice, TX (FHA|USDA|VA) 2 $490,000 $245,000 $0 8.48%
Durant, OK (FHA|USDA|VA) 2 $480,000 $240,000 $0 8.99%
HOT SPRINGS, AR (FHA|USDA|VA) 2 $440,000 $220,000 $0 8.99%
Natchez, MS-LA (FHA|USDA|VA) 2 $420,000 $210,000 $0 9.47%
Arkadelphia, AR (FHA|USDA|VA) 1 $345,000 $345,000 $0 8.99%
Huntsville, TX (FHA|USDA|VA) 1 $325,000 $325,000 $0 8.99%
Lufkin, TX (FHA|USDA|VA) 1 $295,000 $295,000 $0 9.47%
Morgan City, LA (FHA|USDA|VA) 1 $295,000 $295,000 $0 8.99%
Kingsville, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 8.99%
Nacogdoches, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 8.99%
Miami, OK (FHA|USDA|VA) 1 $265,000 $265,000 $0 8.99%
DeRidder, LA (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.99%
Ardmore, OK (FHA|USDA|VA) 1 $255,000 $255,000 $0 9.47%
Gainesville, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.99%
Harrison, AR (FHA|USDA|VA) 1 $245,000 $245,000 $0 9.47%
Pearsall, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 8.99%
Bay City, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 8.99%
Searcy, AR (FHA|USDA|VA) 1 $225,000 $225,000 $0 9.47%
PINE BLUFF, AR (FHA|USDA|VA) 1 $215,000 $215,000 $0 9.47%
Rockport, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.99%
Magnolia, AR (FHA|USDA|VA) 1 $185,000 $185,000 $0 9.47%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $175,000 $175,000 $0 8.99%

United Built Homes 's top markets include Dallas, Houston, San Antonio, Austin, and Beaumont among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 455 $115,665,000 $254,209 $0 9.12%

For the 2021 period, United Built Homes 's most frequently originated loan type of loans were Conventional, with 455 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 455 $115,665,000 $254,209 $0 9.12%

For the 2021, United Built Homes 's most frequently cited loan purpose of loans were Home Purchase, with 455 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 447 $114,605,000 $256,387 $0 9.14%
20 Year 6 $800,000 $133,333 $0 7.97%
10 Year 1 $45,000 $45,000 $0 7.97%
Other 1 $215,000 $215,000 $0 7.99%

For the 2021, United Built Homes 's most frequently cited loan length of loans were 30 Year, with 447 originations. The 2nd most popular length of loans were 20 Year, with 6 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 19 $5,135,000 $270,263
$<1k 14 $3,650,000 $260,714
$2k-3k 12 $3,410,000 $284,167
$3k-4k 12 $4,090,000 $340,833
$5k+ 6 $2,360,000 $393,333

$0 of loans were United Built Homes 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 19 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
Over 8% 447 $114,605,000 $256,387
7-8% 8 $1,060,000 $132,500

During 2021, United Built Homes 's average interest rate of loans were 9.14%, while their most frequently originated rate bucket of loans were Over 8%, with 447 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 364 $97,600,000 $268,132 $0 9.13%
$100k-200k 77 $13,205,000 $171,494 $0 9.16%
$400k-600k 10 $4,540,000 $454,000 $0 8.99%
$100,000 or less 4 $320,000 $80,000 $0 7.97%

2021 saw United Built Homes place emphasis on $200k-400k loans with 364 originations, totaling $97,600,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 172 $46,340,000 $269,419 $0 9.11%
$75k-100k 103 $24,825,000 $241,019 $0 9.11%
$150k-250k 79 $22,625,000 $286,392 $0 9.17%
$50k-75k 69 $14,115,000 $204,565 $0 9.08%
$50k or less 17 $3,805,000 $223,824 $0 9.10%
$250k+ 15 $3,955,000 $263,667 $0 9.31%

United Built Homes lent most frequently to those with incomes in the $100k-150k range, with 172 originations. The second most popular income band? $75k-100k, with 103 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 83 $21,405,000 $257,892 $0 9.10%
20-30% 75 $19,105,000 $254,733 $0 9.18%
42% 65 $16,065,000 $247,154 $0 9.11%
43% 42 $10,480,000 $249,524 $0 9.13%
41% 37 $9,885,000 $267,162 $0 9.08%
40% 33 $8,325,000 $252,273 $0 9.12%
39% 30 $7,470,000 $249,000 $0 9.13%
36% 26 $6,890,000 $265,000 $0 9.14%
<20% 19 $3,985,000 $209,737 $0 9.14%
37% 18 $4,690,000 $260,556 $0 9.10%
38% 17 $4,675,000 $275,000 $0 9.07%
44% 8 $2,110,000 $263,750 $0 9.17%
45% 1 $275,000 $275,000 $0 8.99%
46% 1 $305,000 $305,000 $0 8.99%

United Built Homes lent most frequently to those with DTI ratios of 30-36%, with 83 originations. The next most common DTI ratio? 20-30%, with 75 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 415 $106,265,000 $256,060 $0 9.12%
Black 31 $7,435,000 $239,839 $0 9.14%
American Indian 5 $1,095,000 $219,000 $0 8.99%
Not provided 2 $470,000 $235,000 $0 9.23%
Vietnamese 2 $400,000 $200,000 $0 9.23%

Approval Rates

Total approvals of all applications
60.64%

United Built Homes has a low approval rate. They may have poor market targeting or stringent lending standards.

Pick Rate

Approvals leading to origination
36.96%

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 455 $115,665,000 $254,209

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
455 $115,665,000 $254,209

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1 $105,000 $105,000 $0 9.47%
40-60% 16 $3,560,000 $222,500 $0 9.05%
60-80% 66 $15,690,000 $237,727 $0 9.16%
80-100% 244 $60,500,000 $247,951 $0 9.13%
Over 100% 128 $35,810,000 $279,766 $0 9.10%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
United Built Homes LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%