United Built Homes Mortgage Rates, Fees & Info

BATON ROUGE, LA

LEI: 549300HTRLFU2IIL4380

Tax ID: 72-0506617

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, San Antonio, Houston, Beaumont, and Athens among others. We have data for 68 markets. (Some data included below & more in-depth data is available with an active subscription.)

    United Built Homes has a below 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% 12/16/24
    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

    534

    Origination Dollar Volume (All Markets)

    $119,430,000

    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 152 $32,580,000 $214,342 $0 9.43%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 74 $17,520,000 $236,757 $0 9.45%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 24 $5,570,000 $232,083 $0 9.41%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 24 $5,510,000 $229,583 $0 9.41%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 19 $4,235,000 $222,895 $0 9.39%
    Athens, TX (FHA|USDA|VA) 16 $3,800,000 $237,500 $0 9.47%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 14 $3,600,000 $257,143 $0 9.47%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 13 $2,905,000 $223,462 $0 9.35%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 11 $2,295,000 $208,636 $0 9.47%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 7 $1,885,000 $269,286 $0 9.47%
    LONGVIEW, TX (FHA|USDA|VA) 9 $1,835,000 $203,889 $0 9.47%
    Mineral Wells, TX (FHA|USDA|VA) 7 $1,745,000 $249,286 $0 9.47%
    TULSA, OK (FHA|USDA|VA) 9 $1,715,000 $190,556 $0 9.30%
    TYLER, TX (FHA|USDA|VA) 8 $1,650,000 $206,250 $0 9.29%
    Palestine, TX (FHA|USDA|VA) 7 $1,635,000 $233,571 $0 9.47%
    TEXARKANA, TX-AR (FHA|USDA|VA) 7 $1,595,000 $227,857 $0 9.47%
    FORT SMITH, AR-OK (FHA|USDA|VA) 7 $1,525,000 $217,857 $0 9.47%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 6 $1,410,000 $235,000 $0 9.47%
    Alice, TX (FHA|USDA|VA) 5 $1,145,000 $229,000 $0 9.47%
    Jacksonville, TX (FHA|USDA|VA) 6 $1,120,000 $186,667 $0 9.47%
    BATON ROUGE, LA (FHA|USDA|VA) 5 $1,095,000 $219,000 $0 9.47%
    Minden, LA (FHA|USDA|VA) 4 $1,010,000 $252,500 $0 9.47%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $880,000 $220,000 $0 9.47%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 4 $810,000 $202,500 $0 9.47%
    MONROE, LA (FHA|USDA|VA) 4 $800,000 $200,000 $0 9.47%
    Gainesville, TX (FHA|USDA|VA) 3 $785,000 $261,667 $0 9.47%
    Tahlequah, OK (FHA|USDA|VA) 4 $770,000 $192,500 $0 9.47%
    Granbury, TX (FHA|USDA|VA) 3 $755,000 $251,667 $0 9.47%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 4 $750,000 $187,500 $0 9.47%
    HOT SPRINGS, AR (FHA|USDA|VA) 3 $745,000 $248,333 $0 9.47%
    Natchitoches, LA (FHA|USDA|VA) 3 $725,000 $241,667 $0 9.47%
    Beeville, TX (FHA|USDA|VA) 3 $715,000 $238,333 $0 9.47%
    Durant, OK (FHA|USDA|VA) 3 $695,000 $231,667 $0 9.47%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $665,000 $221,667 $0 9.47%
    Ardmore, OK (FHA|USDA|VA) 3 $645,000 $215,000 $0 9.47%
    Camden, AR (FHA|USDA|VA) 3 $605,000 $201,667 $0 9.47%
    Bonham, TX (FHA|USDA|VA) 3 $585,000 $195,000 $0 8.98%
    Pearsall, TX (FHA|USDA|VA) 3 $565,000 $188,333 $0 9.47%
    Nacogdoches, TX (FHA|USDA|VA) 2 $520,000 $260,000 $0 9.47%
    El Campo, TX (FHA|USDA|VA) 2 $510,000 $255,000 $0 9.47%
    Ruston, LA (FHA|USDA|VA) 2 $500,000 $250,000 $0 9.47%
    Fort Polk South, LA (FHA|USDA|VA) 2 $480,000 $240,000 $0 9.47%
    Mount Pleasant, TX (FHA|USDA|VA) 2 $480,000 $240,000 $0 9.47%
    WACO, TX (FHA|USDA|VA) 2 $470,000 $235,000 $0 9.47%
    Kerrville, TX (FHA|USDA|VA) 2 $450,000 $225,000 $0 8.73%
    Huntsville, TX (FHA|USDA|VA) 2 $450,000 $225,000 $0 9.47%
    PINE BLUFF, AR (FHA|USDA|VA) 2 $440,000 $220,000 $0 9.47%
    Fredericksburg, TX (FHA|USDA|VA) 1 $435,000 $435,000 $0 9.47%
    Jennings, LA (FHA|USDA|VA) 2 $420,000 $210,000 $0 9.47%
    DeRidder, LA (FHA|USDA|VA) 2 $420,000 $210,000 $0 9.47%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 3 $415,000 $138,333 $0 9.47%
    WICHITA FALLS, TX (FHA|USDA|VA) 2 $400,000 $200,000 $0 9.47%
    Bay City, TX (FHA|USDA|VA) 2 $390,000 $195,000 $0 9.47%
    VICTORIA, TX (FHA|USDA|VA) 2 $390,000 $195,000 $0 9.47%
    LAWTON, OK (FHA|USDA|VA) 1 $385,000 $385,000 $0 9.47%
    Magnolia, AR (FHA|USDA|VA) 1 $295,000 $295,000 $0 9.47%
    Forrest City, AR (FHA|USDA|VA) 1 $285,000 $285,000 $0 9.47%
    Russellville, AR (FHA|USDA|VA) 1 $285,000 $285,000 $0 9.47%
    Brenham, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 9.47%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $255,000 $255,000 $0 9.47%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $235,000 $235,000 $0 9.47%
    Ada, OK (FHA|USDA|VA) 1 $225,000 $225,000 $0 9.47%
    Corsicana, TX (FHA|USDA|VA) 2 $220,000 $110,000 $0 9.47%
    Rockport, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 9.47%
    El Dorado, AR (FHA|USDA|VA) 1 $205,000 $205,000 $0 9.47%
    McAlester, OK (FHA|USDA|VA) 1 $195,000 $195,000 $0 9.47%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $195,000 $195,000 $0 9.47%
    Stephenville, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 9.47%
    United Built Homes's top markets include Dallas, San Antonio, Houston, Beaumont, and Athens among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 534 $119,430,000 $223,652 $0 9.43%

    For 2020, United Built Homes's most frequently originated type of loan was Conventional, with 534 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 534 $119,430,000 $223,652 $0 9.43%

    For 2020, United Built Homes's most frequently cited loan purpose was Home Purchase, with 534 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 521 $117,105,000 $224,770 $0 9.47%
    20 Year 8 $890,000 $111,250 $0 7.97%
    Other 5 $1,435,000 $287,000 $0 7.99%

    For 2020, United Built Homes's most frequently cited loan duration was 30 Year, with 521 originations. The 2nd most popular length was 20 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 21 $4,995,000 $237,857
    $<1k 19 $4,465,000 $235,000
    $2k-3k 16 $4,530,000 $283,125
    $3k-4k 11 $3,715,000 $337,727
    $4k-5k 2 $750,000 $375,000

    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 21 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 521 $117,105,000 $224,770
    7-8% 13 $2,325,000 $178,846

    During 2020, United Built Homes's average interest rate for loans was 9.47%, while their most frequently originated rate bucket for loans was Over 8%, with 521 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 340 $85,400,000 $251,176 $0 9.45%
    $100k-200k 183 $31,825,000 $173,907 $0 9.43%
    $100,000 or less 7 $475,000 $67,857 $0 8.83%
    $400k-600k 4 $1,730,000 $432,500 $0 9.47%

    2020 saw United Built Homes place emphasis on $200k-400k loans with 340 originations, totaling $85,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 195 $46,415,000 $238,026 $0 9.45%
    $75k-100k 116 $24,210,000 $208,707 $0 9.43%
    $50k-75k 101 $19,165,000 $189,752 $0 9.40%
    $150k-250k 94 $23,980,000 $255,106 $0 9.47%
    $50k or less 15 $2,765,000 $184,333 $0 9.27%
    $250k+ 13 $2,895,000 $222,692 $0 9.47%

    United Built Homes lent most frequently to those with incomes in the $100k-150k range, with 195 originations. The second most popular income band? $75k-100k, with 116 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 98 $21,890,000 $223,367 $0 9.41%
    42% 87 $18,765,000 $215,690 $0 9.44%
    20-30% 82 $18,210,000 $222,073 $0 9.42%
    41% 50 $11,060,000 $221,200 $0 9.47%
    39% 39 $9,245,000 $237,051 $0 9.43%
    43% 38 $8,860,000 $233,158 $0 9.47%
    40% 33 $7,375,000 $223,485 $0 9.47%
    37% 31 $6,555,000 $211,452 $0 9.37%
    36% 24 $5,610,000 $233,750 $0 9.47%
    44% 17 $3,745,000 $220,294 $0 9.47%
    <20% 15 $3,275,000 $218,333 $0 9.47%
    38% 15 $3,695,000 $246,333 $0 9.37%
    45% 3 $685,000 $228,333 $0 9.47%
    46% 1 $235,000 $235,000 $0 9.47%
    50-60% 1 $225,000 $225,000 $0 9.47%

    United Built Homes lent most frequently to those with DTI ratios of 30-36%, with 98 originations. The next most common DTI ratio? 42%, with 87 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 478 $107,430,000 $224,749 $0 9.44%
    Black 39 $8,335,000 $213,718 $0 9.39%
    American Indian 7 $1,435,000 $205,000 $0 9.47%
    Not provided 5 $1,125,000 $225,000 $0 9.47%
    Chinese 2 $380,000 $190,000 $0 9.47%
    Vietnamese 1 $255,000 $255,000 $0 9.47%
    Other Asian 1 $235,000 $235,000 $0 9.47%
    Asian 1 $235,000 $235,000 $0 9.47%

    Approval Rates

    Total approvals of all applications
    58.35%

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

    Pick Rate

    Approvals leading to origination
    39.70%

    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 534 $119,430,000 $223,652

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 534 $119,430,000 $223,652

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $490,000 $122,500 $0 9.47%
    40-60% 12 $2,230,000 $185,833 $0 9.47%
    60-80% 102 $21,260,000 $208,431 $0 9.44%
    80-100% 309 $68,065,000 $220,275 $0 9.45%
    Over 100% 106 $27,340,000 $257,925 $0 9.37%
    Under 20% 1 $45,000 $45,000 $0 9.47%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    United Built Homes LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    United Built Homes LLC FHA mortgage Struggling to pay mortgage 1 50.0%