Unity Bank Mortgage Rates, Fees & Info
Augusta, WILEI: 549300K1K5K5L0W6QR97
Tax ID: 39-0532570
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Unity Bank is a smaller bank specializing in Refi and Home Purchase loans. Unity Bank has a high proportion of conventional loans. Their top markets by origination volume include: Grand Forks, Minneapolis, Brainerd, Eau Claire, and Douglas among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Unity Bank 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
47Origination Dollar Volume (All Markets)
$9,105,000Top 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 | 25 | $3,915,000 | $156,600 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 7 | $2,825,000 | $403,571 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $755,000 | $151,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $0 | 0.00% |
| Douglas, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 47 | $9,105,000 | $193,723 | $0 | 0.00% |
For 2023, Unity Bank's most frequently originated type of loan was Conventional, with 47 originations.
Loan Reason
For 2023, Unity Bank's most frequently cited loan purpose was Refi, with 23 originations. The 2nd most popular reason was Home Purchase, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 47 | $9,105,000 | $193,723 | $0 | 0.00% |
For 2023, Unity Bank's most frequently cited loan duration was Other, with 47 originations.
Loan Sizing
2023 saw Unity Bank place emphasis on $100,000 or less loans with 21 originations, totaling $1,175,000 in origination value.
Applicant Income
Unity Bank lent most frequently to those with incomes in the $50k or less range, with 9 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 47 | $9,105,000 | $193,723 | $0 | 0.00% |
Unity Bank lent most frequently to those with DTI ratios of Exempt%, with 47 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 39 | $5,545,000 | $142,179 | $0 | 0.00% |
| Not applicable | 8 | $3,560,000 | $445,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications87.50%
Unity Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.85%
Unity Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 47 | $9,105,000 | $193,723 |