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, Cash Out Refi, and Home Purchase loans. Us Community has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Clarksville, Shelbyville, Johnson City, and Memphis among others. We have data for 5 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% 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

    93

    Origination Dollar Volume (All Markets)

    $18,475,000

    Awards

    US COMMUNITY 30 Year Conventional Loans gold US COMMUNITY 30 Year Conventional Loans bronze
    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) 86 $17,120,000 $199,070 $2,604 4.21%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $830,000 $207,500 $3,721 4.63%
    Shelbyville, TN (FHA|USDA|VA) 1 $285,000 $285,000 $2,216 4.00%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $145,000 $145,000 $3,042 4.38%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $95,000 $95,000 $3,306 7.63%
    Us Community's top markets include Nashville, Clarksville, Shelbyville, Johnson City, and Memphis 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.

    US COMMUNITY
    Similarity Rank: 295
    First Farmers and Merchants Bank
    Similarity Rank: 456
    Listerhill Credit Union
    Similarity Rank: 858
    THE TENNESSEE CREDIT UNION
    Similarity Rank: 868
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1404
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 1512
    The Farmers Bank
    Similarity Rank: 1545
    ASCEND FEDERAL CREDIT UNION
    Similarity Rank: 1974
    First Federal Bank
    Similarity Rank: 2260
    SHELTER LENDING SERVICES, L.L.C.
    Similarity Rank: 2380

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 92 $18,120,000 $196,957 $2,641 4.26%
    VA 1 $355,000 $355,000 $4,428 4.88%

    For 2022, Us Community's most frequently originated type of loan was Conventional, with 92 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 35 $6,665,000 $190,429 $2,511 4.18%
    Cash Out Refi 26 $4,930,000 $189,615 $2,239 4.18%
    Home Purchase 21 $5,095,000 $242,619 $3,674 4.75%
    Home Improvement 11 $1,785,000 $162,273 $2,198 3.84%

    For 2022, Us Community's most frequently cited loan purpose was Refi, with 35 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 54 $12,980,000 $240,370 $3,066 4.44%
    15 Year 27 $3,355,000 $124,259 $2,066 4.32%
    20 Year 9 $1,615,000 $179,444 $2,209 3.43%
    10 Year 3 $525,000 $175,000 $2,065 3.13%

    For 2022, Us Community's most frequently cited loan duration was 30 Year, with 54 originations. The 2nd most popular length was 15 Year, with 27 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 66 $11,900,000 $180,303
    $1k-2k 12 $3,120,000 $260,000
    $2k-3k 5 $905,000 $181,000
    $3k-4k 4 $1,240,000 $310,000
    $5k+ 3 $925,000 $308,333

    Us Community's average total fees were $3,066, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 66 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 38 $7,890,000 $207,632
    5-6% 19 $4,025,000 $211,842
    4-5% 17 $3,515,000 $206,765
    2.5-3% 10 $1,410,000 $141,000
    6-7% 6 $1,160,000 $193,333
    <2.5% 2 $380,000 $190,000
    7-8% 1 $95,000 $95,000

    During 2022, Us Community's average interest rate for loans was 4.44%, while their most frequently originated rate bucket for loans was 3-4%, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 39 $5,885,000 $150,897 $2,128 3.85%
    $200k-400k 31 $8,285,000 $267,258 $3,464 4.38%
    $100,000 or less 16 $1,020,000 $63,750 $1,603 4.84%
    $400k-600k 7 $3,285,000 $469,286 $4,488 4.82%

    2022 saw Us Community place emphasis on $100k-200k loans with 39 originations, totaling $5,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 27 $4,845,000 $179,444 $2,785 4.06%
    $100k-150k 23 $4,975,000 $216,304 $2,776 4.61%
    $50k or less 16 $1,980,000 $123,750 $1,835 3.93%
    $75k-100k 16 $3,800,000 $237,500 $2,720 4.42%
    $150k-250k 10 $2,410,000 $241,000 $3,204 4.33%
    $250k+ 1 $465,000 $465,000 $3,471 4.38%

    Us Community lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $100k-150k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 24 $5,560,000 $231,667 $3,159 4.14%
    30-36% 19 $3,725,000 $196,053 $2,525 4.29%
    <20% 14 $1,540,000 $110,000 $1,810 4.20%
    37% 6 $1,280,000 $213,333 $2,058 3.81%
    49% 5 $1,165,000 $233,000 $2,429 3.90%
    44% 4 $500,000 $125,000 $2,080 4.09%
    41% 3 $735,000 $245,000 $4,775 4.38%
    45% 2 $280,000 $140,000 $2,255 6.19%
    36% 2 $310,000 $155,000 $2,853 4.31%
    38% 2 $260,000 $130,000 $2,765 5.38%
    39% 2 $390,000 $195,000 $3,143 4.81%
    40% 2 $370,000 $185,000 $2,218 5.19%
    43% 2 $750,000 $375,000 $2,215 4.81%
    >60% 1 $385,000 $385,000 $5,509 5.25%
    42% 1 $155,000 $155,000 $2,115 3.00%
    46% 1 $495,000 $495,000 $3,354 3.13%
    47% 1 $135,000 $135,000 $2,706 3.00%
    48% 1 $175,000 $175,000 $1,923 4.38%

    Us Community lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? 30-36%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 55 $11,755,000 $213,727 $2,618 4.23%
    Black 29 $5,185,000 $178,793 $2,663 4.41%
    Not provided 7 $915,000 $130,714 $2,769 3.96%
    American Indian 2 $620,000 $310,000 $3,404 4.19%

    Approval Rates

    Total approvals of all applications
    87.05%

    Us Community has an average approval rate.

    Pick Rate

    Approvals leading to origination
    26.88%

    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 93 $18,475,000 $198,656

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    93 $18,475,000 $198,656

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,250,000 $104,167 $1,463 4.58%
    40-60% 26 $4,810,000 $185,000 $2,515 3.66%
    60-80% 32 $8,070,000 $252,188 $3,011 4.40%
    80-100% 14 $3,670,000 $262,143 $3,764 4.38%
    Under 20% 9 $675,000 $75,000 $1,713 4.96%