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, San Antonio, Austin, and Beaumont among others. We have data for 67 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 4/21/24 |
| 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
455Origination Dollar Volume (All Markets)
$115,665,000Top 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 | 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% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 455 | $115,665,000 | $254,209 | $0 | 9.12% |
For 2021, United Built Homes's most frequently originated type of loan was Conventional, with 455 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 455 | $115,665,000 | $254,209 | $0 | 9.12% |
For 2021, United Built Homes's most frequently cited loan purpose was Home Purchase, with 455 originations.
Loan Duration/Length
For 2021, United Built Homes's most frequently cited loan duration was 30 Year, with 447 originations. The 2nd most popular length was 20 Year, with 6 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 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 for loans was 9.14%, while their most frequently originated rate bucket for loans was Over 8%, with 447 originations.
Loan Sizing
2021 saw United Built Homes place emphasis on $200k-400k loans with 364 originations, totaling $97,600,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications69.24%
United Built Homes has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination20.88%
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 |
LTV Distribution
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% |