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: Minneapolis, Eau Claire, Grand Forks, Brainerd, and Los Angeles among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Unity Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
98Origination Dollar Volume (All Markets)
$17,570,000Top 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 | 47 | $6,775,000 | $144,149 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 13 | $3,015,000 | $231,923 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 13 | $2,345,000 | $180,385 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 11 | $1,685,000 | $153,182 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 7 | $1,295,000 | $185,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Bemidji, MN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 98 | $17,570,000 | $179,286 | $0 | 0.00% |
For 2022, Unity Bank's most frequently originated type of loan was Conventional, with 98 originations.
Loan Reason
For 2022, Unity Bank's most frequently cited loan purpose was Refi, with 46 originations. The 2nd most popular reason was Home Purchase, with 41 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 98 | $17,570,000 | $179,286 | $0 | 0.00% |
For 2022, Unity Bank's most frequently cited loan duration was Other, with 98 originations.
Loan Sizing
2022 saw Unity Bank place emphasis on $100,000 or less loans with 43 originations, totaling $2,425,000 in origination value.
Applicant Income
Unity Bank lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $75k-100k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 98 | $17,570,000 | $179,286 | $0 | 0.00% |
Unity Bank lent most frequently to those with DTI ratios of Exempt%, with 98 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.98%
Unity Bank has an average approval rate.
Pick Rate
Approvals leading to origination91.84%
Unity Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 98 | $17,570,000 | $179,286 |