United Built Homes Mortgage Rates, Fees & Info
BATON ROUGE, LALEI: 549300HTRLFU2IIL4380
Tax ID: 72-0506617
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
455Origination Dollar Volume (All Markets)
$115,665,000Relative 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 applications60.64%
United Built Homes has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination36.96%
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% |
