Us Community Mortgage Rates, Fees & Info
Nashville, TNLEI: 549300KB8NXVYD7BGS97
Tax ID: 62-0517615
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Us Community is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Us Community has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Memphis, and Morristown among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Us Community 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. Us Community is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.61% | 12/16/24 |
| 30 Year Conventional Refi | 6.60% | 12/16/24 |
| 30 Year Cash-out Refi | 6.72% | 12/16/24 |
| 30 Year VA Purchase | 4.44% | 12/16/24 |
| 15 Year Conventional Purchase | 7.83% | 12/16/24 |
| 15 Year Conventional Refi | 6.87% | 12/16/24 |
| 15 Year Cash-out Refi | 6.87% | 12/16/24 |
| 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. | ||
Us Community Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Us Community. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
56Origination Dollar Volume (All Markets)
$8,740,000Awards
US COMMUNITY - 2023
US COMMUNITY is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
Work for US COMMUNITY?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Us Community's average 30 year fixed mortgage rate was
6.75%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.27%.
Relative Fees (Closing Costs)
Us Community's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,417.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 51 | $8,015,000 | $157,157 | $2,978 | 7.35% |
| Outside of Metro Areas | 2 | $540,000 | $270,000 | $2,632 | 5.94% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $3,815 | 7.44% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against US COMMUNITY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 130
Similarity Rank: 472
Similarity Rank: 736
Similarity Rank: 848
Similarity Rank: 864
Similarity Rank: 972
Similarity Rank: 1183
Similarity Rank: 1394
Similarity Rank: 1513
Similarity Rank: 1760
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 55 | $8,665,000 | $157,545 | $3,004 | 7.28% |
| HELOC | 1 | $75,000 | $75,000 | n/a | 8.50% |
For 2023, Us Community's most frequently originated type of loan was Conventional, with 55 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2023, Us Community's most frequently cited loan purpose was Cash Out Refi, with 22 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
For 2023, Us Community's most frequently cited loan duration was 15 Year, with 29 originations. The 2nd most popular length was 30 Year, with 23 originations.
Origination Fees/Closing Costs
Us Community's average total fees were $4,417, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 33 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 25 | $4,605,000 | $184,200 |
| Over 8% | 16 | $960,000 | $60,000 |
| 7-8% | 10 | $1,820,000 | $182,000 |
| 5-6% | 4 | $1,170,000 | $292,500 |
During 2023, Us Community's average interest rate for loans was 6.75%, while their most frequently originated rate bucket for loans was 6-7%, with 25 originations.
Loan Sizing
2023 saw Us Community place emphasis on $100,000 or less loans with 30 originations, totaling $1,710,000 in origination value.
Applicant Income
Us Community lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $75k-100k, with 16 originations.
Applicant Debt to Income Ratio
Us Community lent most frequently to those with DTI ratios of 30-36%, with 14 originations. The next most common DTI ratio? 20-30%, with 11 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.14%
Us Community has an average approval rate.
Pick Rate
Approvals leading to origination1.79%
Us Community 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 | 56 | $8,740,000 | $156,071 |