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, 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
93Origination Dollar Volume (All Markets)
$18,475,000Awards
US COMMUNITY - 2022
US COMMUNITY is a 2022 , due to their low .
For 2022, 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) | 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% |
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: 295
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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
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
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
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
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
2022 saw Us Community place emphasis on $100k-200k loans with 39 originations, totaling $5,885,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications87.05%
Us Community has an average approval rate.
Pick Rate
Approvals leading to origination26.88%
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 |