Us Community Mortgage Rates, Fees & Info

Nashville, TN

LEI: 549300KB8NXVYD7BGS97

Tax ID: 62-0517615

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Us Community is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Us Community has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Clarksville, Dayton, Memphis, and Shelbyville among others. We have data for 9 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 about average 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% 4/21/24
    30 Year Conventional Refi 6.60% 4/21/24
    30 Year Cash-out Refi 6.72% 4/21/24
    30 Year VA Purchase 4.44% 4/21/24
    15 Year Conventional Purchase 7.83% 4/21/24
    15 Year Conventional Refi 6.87% 4/21/24
    15 Year Cash-out Refi 6.87% 4/21/24
    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

    250

    Origination Dollar Volume (All Markets)

    $48,770,000

    Awards

    US COMMUNITY 30 Year Conventional Loans gold US COMMUNITY 30 Year Conventional Loans silver
    Show all (2) awards

    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) 236 $45,880,000 $194,407 $2,228 3.12%
    Outside of Metro Areas 4 $910,000 $227,500 $2,240 4.00%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $390,000 $195,000 $2,425 3.00%
    Dayton, TN (FHA|USDA|VA) 1 $365,000 $365,000 $2,315 2.75%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $295,000 $295,000 $1,673 2.63%
    Shelbyville, TN (FHA|USDA|VA) 1 $285,000 $285,000 $2,143 3.50%
    Cookeville, TN (FHA|USDA|VA) 2 $280,000 $140,000 $1,399 2.50%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $215,000 $215,000 $2,993 3.00%
    McMinnville, TN (FHA|USDA|VA) 2 $150,000 $75,000 $1,559 3.19%
    Us Community's top markets include Nashville, Clarksville, Dayton, Memphis, and Shelbyville among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)

    • 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.

    Old Hickory Credit Union
    Similarity Rank: 680
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 684
    Legacy Home Loans, LLC
    Similarity Rank: 832
    First Advantage Bank
    Similarity Rank: 834
    KELLEY MORTGAGE, LLC
    Similarity Rank: 1350
    The Farmers Bank
    Similarity Rank: 1430
    SHELTER MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 1771
    Leaders Credit Union
    Similarity Rank: 1786
    US COMMUNITY
    Similarity Rank: 1818
    Independent Bank
    Similarity Rank: 2175

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 230 $44,210,000 $192,217 $2,124 3.14%
    HELOC 11 $2,105,000 $191,364 n/a 2.88%
    VA 9 $2,455,000 $272,778 $4,602 2.93%

    For 2020, Us Community's most frequently originated type of loan was Conventional, with 230 originations. Their 2nd most popular type was HELOC, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 132 $26,500,000 $200,758 $2,220 3.03%
    Cash Out Refi 80 $13,780,000 $172,250 $1,971 3.09%
    Home Purchase 37 $8,335,000 $225,270 $2,728 3.51%
    Other 1 $155,000 $155,000 $1,991 2.88%

    For 2020, Us Community's most frequently cited loan purpose was Refi, with 132 originations. The 2nd most popular reason was Cash Out Refi, with 80 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 112 $18,210,000 $162,589 $1,777 2.93%
    30 Year 110 $26,610,000 $241,909 $2,735 3.30%
    10 Year 14 $1,220,000 $87,143 $1,292 3.14%
    20 Year 6 $1,380,000 $230,000 $2,619 3.13%
    Other 6 $1,260,000 $210,000 $2,600 3.40%
    5 Year 2 $90,000 $45,000 $1,356 3.00%

    For 2020, Us Community's most frequently cited loan duration was 15 Year, with 112 originations. The 2nd most popular length was 30 Year, with 110 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 208 $39,200,000 $188,462
    $1k-2k 22 $5,030,000 $228,636
    $2k-3k 4 $1,090,000 $272,500
    $3k-4k 3 $785,000 $261,667
    $4k-5k 1 $265,000 $265,000
    $5k+ 1 $295,000 $295,000

    Us Community's average total fees were $2,735, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 208 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 105 $23,115,000 $220,143
    2.5-3% 103 $18,455,000 $179,175
    <2.5% 29 $5,395,000 $186,034
    4-5% 9 $1,625,000 $180,556
    5-6% 2 $90,000 $45,000
    6-7% 2 $90,000 $45,000

    During 2020, Us Community's average interest rate for loans was 3.30%, while their most frequently originated rate bucket for loans was 3-4%, with 105 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 114 $17,360,000 $152,281 $2,037 3.01%
    $200k-400k 98 $26,640,000 $271,837 $2,678 3.10%
    $100,000 or less 33 $2,225,000 $67,424 $1,390 3.55%
    $400k-600k 4 $1,940,000 $485,000 $2,749 3.34%
    $600k-1MM 1 $605,000 $605,000 $2,748 3.50%

    2020 saw Us Community place emphasis on $100k-200k loans with 114 originations, totaling $17,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 67 $15,375,000 $229,478 $2,361 3.16%
    $50k-75k 58 $9,670,000 $166,724 $1,921 3.09%
    $75k-100k 56 $11,200,000 $200,000 $2,105 3.10%
    $50k or less 43 $6,075,000 $141,279 $2,472 3.06%
    $150k-250k 21 $5,215,000 $248,333 $2,258 3.27%
    $250k+ 4 $1,130,000 $282,500 $2,959 3.25%

    Us Community lent most frequently to those with incomes in the $100k-150k range, with 67 originations. The second most popular income band? $50k-75k, with 58 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 87 $18,035,000 $207,299 $2,223 3.04%
    30-36% 50 $10,120,000 $202,400 $2,368 3.08%
    <20% 29 $4,975,000 $171,552 $1,992 3.08%
    41% 11 $1,905,000 $173,182 $1,970 3.03%
    39% 10 $1,910,000 $191,000 $2,232 3.81%
    43% 8 $1,250,000 $156,250 $1,773 3.70%
    36% 8 $1,250,000 $156,250 $1,794 2.83%
    38% 7 $1,475,000 $210,714 $3,239 2.98%
    37% 6 $830,000 $138,333 $1,845 3.02%
    40% 5 $925,000 $185,000 $2,093 3.10%
    42% 4 $1,190,000 $297,500 $2,226 3.16%
    44% 4 $800,000 $200,000 $3,389 3.47%
    45% 4 $690,000 $172,500 $1,938 3.41%
    46% 4 $630,000 $157,500 $2,893 3.25%
    48% 3 $775,000 $258,333 $2,341 3.00%
    49% 3 $745,000 $248,333 $2,335 3.08%
    50-60% 3 $745,000 $248,333 $1,999 3.21%
    47% 2 $290,000 $145,000 $1,623 2.75%
    >60% 2 $230,000 $115,000 $1,560 3.75%

    Us Community lent most frequently to those with DTI ratios of 20-30%, with 87 originations. The next most common DTI ratio? 30-36%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 164 $32,540,000 $198,415 $2,100 3.10%
    Black 57 $10,575,000 $185,526 $2,670 3.05%
    Not provided 17 $2,895,000 $170,294 $1,900 3.50%
    Asian 10 $2,360,000 $236,000 $2,402 3.39%
    American Indian 2 $400,000 $200,000 $1,770 2.75%

    Approval Rates

    Total approvals of all applications
    88.45%

    Us Community has an average approval rate.

    Pick Rate

    Approvals leading to origination
    25.60%

    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 250 $48,770,000 $195,080

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $470,000 $117,500
    Single Family (1-4 Units):Site-Built 246 $48,300,000 $196,341

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $3,800,000 $118,750 $1,524 3.03%
    40-60% 55 $9,495,000 $172,636 $1,911 2.85%
    60-80% 98 $21,040,000 $214,694 $2,350 3.15%
    80-100% 56 $13,850,000 $247,321 $2,698 3.30%
    Over 100% 1 $185,000 $185,000 $6,890 3.13%
    Under 20% 8 $400,000 $50,000 $1,318 3.91%