Ubank Mortgage Rates, Fees & Info

Huntington, TX

LEI: 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

40

Origination Dollar Volume (All Markets)

$19,940,000

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
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%
Ubank's top markets include Stockton, Tyler, Dallas, Nacogdoches, and Jacksonville among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 30 $17,120,000 $570,667 $0 0.00%
    Home Improvement 4 $1,190,000 $297,500 $0 0.00%
    Cash Out Refi 3 $1,055,000 $351,667 $0 0.00%
    Other 2 $300,000 $150,000 $0 0.00%
    Refi 1 $275,000 $275,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 18 $5,020,000 $278,889 $0 0.00%
    $100k-200k 8 $1,190,000 $148,750 $0 0.00%
    $1MM+ 5 $10,165,000 $2,033,000 $0 0.00%
    $400k-600k 4 $2,020,000 $505,000 $0 0.00%
    $100,000 or less 3 $255,000 $85,000 $0 0.00%
    $600k-1MM 2 $1,290,000 $645,000 $0 0.00%

    2023 saw Ubank place emphasis on $200k-400k loans with 18 originations, totaling $5,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 8 $4,990,000 $623,750 $0 0.00%
    $75k-100k 7 $1,495,000 $213,571 $0 0.00%
    $100k-150k 6 $1,750,000 $291,667 $0 0.00%
    $150k-250k 5 $1,275,000 $255,000 $0 0.00%
    $50k-75k 3 $635,000 $211,667 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 10 $9,250,000 $925,000 $0 0.00%
    White 25 $8,225,000 $329,000 $0 0.00%
    Black 2 $1,910,000 $955,000 $0 0.00%
    Not provided 3 $555,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    77.22%

    Ubank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    47.50%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    40 $19,940,000 $498,500