Us Community Mortgage Rates, Fees & Info
Nashville, TNLEI: 549300KB8NXVYD7BGS97
Tax ID: 62-0517615
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Mortgage Data
Review & Overview
Us Community is a smaller mortgage company specializing in Refi and Home Purchase loans. Us Community has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Memphis, Clarksville, Lewisburg, and Sevierville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Us Community has an above 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
182Origination Dollar Volume (All Markets)
$35,810,000Awards
US COMMUNITY - 2021
US COMMUNITY is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 170 | $33,810,000 | $198,882 | $2,234 | 2.80% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,867 | 2.63% |
| Outside of Metro Areas | 4 | $410,000 | $102,500 | $1,554 | 3.84% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $3,416 | 3.29% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,156 | 2.88% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,424 | 3.25% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,208 | 2.99% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 177 | $34,335,000 | $193,983 | $2,181 | 2.84% |
| VA | 5 | $1,475,000 | $295,000 | $5,157 | 2.65% |
For 2021, Us Community's most frequently originated type of loan was Conventional, with 177 originations. Their 2nd most popular type was VA, with 5 originations.
Loan Reason
For 2021, Us Community's most frequently cited loan purpose was Refi, with 106 originations. The 2nd most popular reason was Home Purchase, with 34 originations.
Loan Duration/Length
For 2021, Us Community's most frequently cited loan duration was 30 Year, with 83 originations. The 2nd most popular length was 15 Year, with 75 originations.
Origination Fees/Closing Costs
Us Community's average total fees were $2,829, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 157 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 70 | $12,350,000 | $176,429 |
| 2.5-3% | 64 | $12,850,000 | $200,781 |
| 3-4% | 43 | $10,135,000 | $235,698 |
| 4-5% | 3 | $275,000 | $91,667 |
| 6-7% | 2 | $200,000 | $100,000 |
During 2021, Us Community's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was <2.5%, with 70 originations.
Loan Sizing
2021 saw Us Community place emphasis on $100k-200k loans with 81 originations, totaling $12,555,000 in origination value.
Applicant Income
Us Community lent most frequently to those with incomes in the $50k-75k range, with 53 originations. The second most popular income band? $100k-150k, with 41 originations.
Applicant Debt to Income Ratio
Us Community lent most frequently to those with DTI ratios of 20-30%, with 47 originations. The next most common DTI ratio? 30-36%, with 34 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.29%
Us Community has an average approval rate.
Pick Rate
Approvals leading to origination12.09%
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 | 182 | $35,810,000 | $196,758 |