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 loans. United Built Homes has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, San Antonio, Fayetteville, Houston, and Texarkana among others. We have data for 57 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% | 4/1/23 |
| 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
353Origination Dollar Volume (All Markets)
$103,615,000Relative Rate
United Built Homes's average 30 year fixed mortgage rate was
8.99%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 4.23%.
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 | 93 | $26,825,000 | $288,441 | $0 | 8.92% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 58 | $18,220,000 | $314,138 | $0 | 8.97% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 22 | $5,620,000 | $255,455 | $0 | 8.94% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 15 | $4,785,000 | $319,000 | $0 | 8.99% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 15 | $4,455,000 | $297,000 | $0 | 8.99% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 11 | $3,355,000 | $305,000 | $0 | 8.99% |
| TULSA, OK (FHA|USDA|VA) | 13 | $3,325,000 | $255,769 | $0 | 8.99% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 11 | $3,255,000 | $295,909 | $0 | 8.99% |
| LONGVIEW, TX (FHA|USDA|VA) | 9 | $2,765,000 | $307,222 | $0 | 8.99% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 7 | $1,875,000 | $267,857 | $0 | 8.84% |
| TYLER, TX (FHA|USDA|VA) | 6 | $1,830,000 | $305,000 | $0 | 8.99% |
| Mineral Wells, TX (FHA|USDA|VA) | 6 | $1,720,000 | $286,667 | $0 | 8.99% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 6 | $1,630,000 | $271,667 | $0 | 8.99% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 4 | $1,420,000 | $355,000 | $0 | 8.99% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $0 | 8.99% |
| Palestine, TX (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $0 | 8.99% |
| Athens, TX (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $0 | 8.99% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $0 | 8.99% |
| Stephenville, TX (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $0 | 8.99% |
| Ardmore, OK (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $0 | 8.99% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 8.99% |
| Bay City, TX (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $0 | 8.99% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $0 | 8.99% |
| Nacogdoches, TX (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 8.99% |
| Corsicana, TX (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 8.99% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 8.99% |
| Russellville, AR (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 8.99% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 8.99% |
| Beeville, TX (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 8.99% |
| Muskogee, OK (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 8.99% |
| Bonham, TX (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 8.99% |
| Minden, LA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 8.99% |
| Gainesville, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 8.99% |
| Ruston, LA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 8.99% |
| MONROE, LA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 8.49% |
| Miami, OK (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 8.99% |
| PINE BLUFF, AR (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 8.99% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 8.99% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 8.99% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 8.99% |
| Batesville, AR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 8.99% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 8.99% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 8.99% |
| WACO, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 8.99% |
| Pearsall, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 8.99% |
| Brenham, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 8.99% |
| Rockport, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 8.99% |
| El Campo, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 8.99% |
| Harrison, AR (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% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 8.99% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 8.99% |
| Hope, AR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 8.99% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 8.99% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 8.99% |
| Ada, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.99% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 353 | $103,615,000 | $293,527 | $0 | 8.96% |
For 2022, United Built Homes's most frequently originated type of loan was Conventional, with 353 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 353 | $103,615,000 | $293,527 | $0 | 8.96% |
For 2022, United Built Homes's most frequently cited loan purpose was Home Purchase, with 353 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 343 | $101,785,000 | $296,749 | $0 | 8.99% |
| 20 Year | 5 | $615,000 | $123,000 | $0 | 7.97% |
| Other | 5 | $1,215,000 | $243,000 | $0 | 7.99% |
For 2022, United Built Homes's most frequently cited loan duration was 30 Year, with 343 originations. The 2nd most popular length was 20 Year, with 5 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 $2k-3k bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 343 | $101,785,000 | $296,749 |
| 7-8% | 10 | $1,830,000 | $183,000 |
During 2022, 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 343 originations.
Loan Sizing
2022 saw United Built Homes place emphasis on $200k-400k loans with 293 originations, totaling $86,285,000 in origination value.
Applicant Income
United Built Homes lent most frequently to those with incomes in the $100k-150k range, with 129 originations. The second most popular income band? $150k-250k, with 93 originations.
Applicant Debt to Income Ratio
United Built Homes lent most frequently to those with DTI ratios of 30-36%, with 80 originations. The next most common DTI ratio? 20-30%, with 49 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications71.46%
United Built Homes has a below average approval rate.
Pick Rate
Approvals leading to origination19.26%
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 | 353 | $103,615,000 | $293,527 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |