Ubank Mortgage Rates, Fees & Info
Huntington, TXLEI: 549300IVS7RAU1H3GS10
Tax ID: 75-1058562
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Mortgage Data
Review & Overview
Ubank is a smaller bank specializing in Home Purchase loans. Ubank has a high proportion of conventional loans. Their top markets by origination volume include: Stockton, Tyler, Dallas, Nacogdoches, and Jacksonville among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Ubank 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.
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Originations
40Origination Dollar Volume (All Markets)
$19,940,000Top 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 |
|---|---|---|---|---|---|
| STOCKTON, CA (FHA|USDA|VA) | 1 | $4,385,000 | $4,385,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 9 | $3,825,000 | $425,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $3,545,000 | $506,429 | $0 | 0.00% |
| Nacogdoches, TX (FHA|USDA|VA) | 5 | $1,925,000 | $385,000 | $0 | 0.00% |
| Jacksonville, TX (FHA|USDA|VA) | 3 | $1,665,000 | $555,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $1,065,000 | $1,065,000 | $0 | 0.00% |
| Lufkin, TX (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $19,940,000 | $498,500 | $0 | 0.00% |
For 2023, Ubank's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
For 2023, Ubank's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Home Improvement, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 40 | $19,940,000 | $498,500 | $0 | 0.00% |
For 2023, Ubank's most frequently cited loan duration was Other, with 40 originations.
Loan Sizing
2023 saw Ubank place emphasis on $200k-400k loans with 18 originations, totaling $5,020,000 in origination value.
Applicant Income
Ubank lent most frequently to those with incomes in the $250k+ range, with 8 originations. The second most popular income band? $75k-100k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 40 | $19,940,000 | $498,500 | $0 | 0.00% |
Ubank lent most frequently to those with DTI ratios of Exempt%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.22%
Ubank has a below average approval rate.
Pick Rate
Approvals leading to origination47.50%
Ubank 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 |
|---|---|---|---|
| Exempt | 40 | $19,940,000 | $498,500 |