Univest Bank And Trust Co. Mortgage Rates, Fees & Info

Souderton, PA

LEI: 549300LBK5BTNFKZJD14

Tax ID: 23-1171580

5 stars - Updated: 6/9/24 - out of 5 stars, based on 46 reviews

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

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Mortgage Data

Review & Overview

Univest Bank And Trust Co. is a smaller bank specializing in Home Purchase loans. Univest Bank And Trust Co. has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, Lancaster, New York, Pittsburgh, and Reading among others. We have data for 66 markets. (Some data included below & more in-depth data is available with an active subscription.)

Univest Bank And Trust Co. 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. Univest Bank And Trust Co. is typically an average 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
Home Equity Line of Credit (HELOC) 5.98% 6/9/24
30 Year Conventional Purchase 6.44% 6/9/24
30 Year Conventional Refi 6.41% 6/9/24
30 Year Cash-out Refi 6.61% 6/9/24
30 Year FHA Purchase 7.08% 6/9/24
30 Year FHA Refi 6.69% 6/9/24
30 Year VA Purchase 6.11% 6/9/24
30 Year USDA Purchase 6.58% 6/9/24
15 Year Conventional Purchase 5.93% 6/9/24
15 Year Conventional Refi 6.22% 6/9/24
15 Year Cash-out Refi 6.22% 6/9/24
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.

Univest Bank And Trust Co. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Univest Bank And Trust Co.. 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

2,150

Origination Dollar Volume (All Markets)

$718,780,000
Show all (6) awards

Relative Rate

Univest Bank And Trust Co.'s average 30 year fixed mortgage rate was 6.58%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.1%.

Relative Fees (Closing Costs)

Univest Bank And Trust Co.'s average total fees/closing costs for a 30 year fixed rate mortgage were $8,280.

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1,093 $338,465,000 $309,666 $7,730 6.91%
LANCASTER, PA (FHA|USDA|VA) 213 $65,455,000 $307,300 $7,726 7.34%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 60 $49,920,000 $832,000 $8,961 6.87%
PITTSBURGH, PA (FHA|USDA|VA) 151 $44,305,000 $293,411 $6,457 6.91%
READING, PA (FHA|USDA|VA) 146 $33,950,000 $232,534 $7,325 6.99%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 113 $28,105,000 $248,717 $6,696 7.25%
Pottsville, PA (FHA|USDA|VA) 17 $26,425,000 $1,554,412 $6,681 6.73%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 67 $15,985,000 $238,582 $6,823 6.79%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 10 $12,790,000 $1,279,000 $9,673 6.49%
OCEAN CITY, NJ (FHA|USDA|VA) 15 $11,885,000 $792,333 $10,421 7.93%
YORK-HANOVER, PA (FHA|USDA|VA) 53 $11,485,000 $216,698 $8,856 6.99%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 23 $10,065,000 $437,609 $7,544 7.21%
SALISBURY, MD-DE (FHA|USDA|VA) 17 $7,355,000 $432,647 $5,955 6.88%
LEBANON, PA (FHA|USDA|VA) 31 $7,105,000 $229,194 $5,635 6.98%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 8 $5,230,000 $653,750 $6,222 7.50%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 7 $5,085,000 $726,429 $9,542 7.18%
Outside of Metro Areas 17 $4,645,000 $273,235 $6,298 6.90%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $3,135,000 $447,857 $10,644 6.81%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $2,785,000 $557,000 $5,823 6.80%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $2,730,000 $682,500 $14,683 6.53%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $2,510,000 $627,500 $7,417 4.78%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,930,000 $482,500 $8,545 6.78%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $1,705,000 $1,705,000 $12,038 5.75%
GETTYSBURG, PA (FHA|USDA|VA) 5 $1,665,000 $333,000 $7,625 6.78%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 5 $1,435,000 $287,000 $10,768 6.35%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 10 $1,430,000 $143,000 $7,135 8.14%
EAST STROUDSBURG, PA (FHA|USDA|VA) 5 $1,335,000 $267,000 $7,305 6.73%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $1,050,000 $525,000 $6,564 6.00%
STATE COLLEGE, PA (FHA|USDA|VA) 3 $1,035,000 $345,000 $8,202 6.33%
WILMINGTON, NC (FHA|USDA|VA) 3 $985,000 $328,333 $7,459 6.33%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $930,000 $465,000 $5,184 7.00%
Sunbury, PA (FHA|USDA|VA) 5 $915,000 $183,000 $7,473 6.25%
GLENS FALLS, NY (FHA|USDA|VA) 1 $915,000 $915,000 $18,581 7.75%
OCALA, FL (FHA|USDA|VA) 1 $885,000 $885,000 $11,760 6.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $825,000 $825,000 $9,499 6.25%
ERIE, PA (FHA|USDA|VA) 2 $800,000 $400,000 $6,317 7.69%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $795,000 $795,000 $7,025 5.13%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $725,000 $725,000 $10,211 6.50%
Steamboat Springs, CO (FHA|USDA|VA) 1 $715,000 $715,000 $3,615 5.63%
Indiana, PA (FHA|USDA|VA) 2 $620,000 $310,000 $7,680 7.31%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $605,000 $605,000 $6,651 7.88%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $590,000 $295,000 $7,482 6.50%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $590,000 $295,000 $4,666 6.63%
Lewisburg, PA (FHA|USDA|VA) 3 $495,000 $165,000 $7,281 7.08%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $470,000 $235,000 $0 7.44%
MORGANTOWN, WV (FHA|USDA|VA) 1 $455,000 $455,000 $4,794 7.50%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $455,000 $455,000 $10,801 7.13%
PANAMA CITY, FL (FHA|USDA|VA) 1 $445,000 $445,000 $25,559 5.75%
WILLIAMSPORT, PA (FHA|USDA|VA) 2 $440,000 $220,000 $12,698 7.20%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $385,000 $385,000 $6,564 5.63%
Morehead City, NC (FHA|USDA|VA) 1 $355,000 $355,000 $6,810 6.75%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $340,000 $170,000 $5,299 6.38%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $325,000 $325,000 $9,762 6.38%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $315,000 $315,000 $5,235 5.88%
St. Marys, PA (FHA|USDA|VA) 1 $295,000 $295,000 $13,547 6.25%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $275,000 $275,000 $0 7.82%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 7.13%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $245,000 $245,000 $10,176 7.63%
Sayre, PA (FHA|USDA|VA) 1 $235,000 $235,000 $5,627 6.25%
Lewistown, PA (FHA|USDA|VA) 2 $200,000 $100,000 $0 7.45%
Corning, NY (FHA|USDA|VA) 1 $175,000 $175,000 $0 6.90%
Bradford, PA (FHA|USDA|VA) 1 $175,000 $175,000 $7,424 6.75%
ALTOONA, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,087 7.63%
Lock Haven, PA (FHA|USDA|VA) 1 $155,000 $155,000 $6,306 6.88%
LYNCHBURG, VA (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.75%
New Castle, PA (FHA|USDA|VA) 1 $95,000 $95,000 $4,632 6.38%
Univest Bank And Trust Co.'s top markets include Philadelphia, Lancaster, New York, Pittsburgh, and Reading among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Univest Bank and Trust Co. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Republic Bank
    Similarity Rank: 35
    LEBANON
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    N C P D Federal Credit Union
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    County Savings Bank
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    GREATER ALLIANCE
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    Blue Foundry Bank
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    PCSB Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,446 $610,900,000 $422,476 $7,282 6.43%
    HELOC 576 $74,420,000 $129,201 n/a 8.46%
    FHA 104 $25,170,000 $242,019 $9,870 6.45%
    VA 23 $7,965,000 $346,304 $8,932 6.44%
    USDA 1 $325,000 $325,000 $9,323 7.13%

    For 2023, Univest Bank And Trust Co.'s most frequently originated type of loan was Conventional, with 1,446 originations. Their 2nd most popular type was HELOC, with 576 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,304 $551,430,000 $422,876 $8,253 6.70%
    Home Improvement 421 $52,325,000 $124,287 $650 7.20%
    Refi 294 $89,680,000 $305,034 $7,922 7.58%
    Other 73 $8,125,000 $111,301 $4,682 8.37%
    Cash Out Refi 58 $17,220,000 $296,897 $7,320 6.85%

    For 2023, Univest Bank And Trust Co.'s most frequently cited loan purpose was Home Purchase, with 1,304 originations. The 2nd most popular reason was Home Improvement, with 421 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,145 $495,315,000 $432,590 $8,280 6.58%
    Other 581 $81,165,000 $139,699 $0 8.44%
    10 Year 306 $82,760,000 $270,458 $103 5.71%
    5 Year 58 $40,430,000 $697,069 $0 6.98%
    15 Year 29 $5,185,000 $178,793 $4,682 6.75%
    20 Year 15 $4,105,000 $273,667 $6,349 6.36%
    30+ year 10 $6,480,000 $648,000 $12,989 7.60%
    1 Year 5 $3,285,000 $657,000 $0 8.26%
    3 Year 1 $55,000 $55,000 $0 10.50%

    For 2023, Univest Bank And Trust Co.'s most frequently cited loan duration was 30 Year, with 1,145 originations. The 2nd most popular length was Other, with 581 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 506 $171,680,000 $339,289
    $2k-3k 221 $137,505,000 $622,195
    $1k-2k 183 $46,055,000 $251,667
    $5k+ 165 $87,465,000 $530,091
    $3k-4k 87 $30,585,000 $351,552
    $4k-5k 61 $24,765,000 $405,984

    Univest Bank And Trust Co.'s average total fees were $8,280, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 506 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 850 $366,350,000 $431,000
    7-8% 479 $134,985,000 $281,806
    Over 8% 477 $70,925,000 $148,690
    5-6% 200 $103,760,000 $518,800
    2.5-3% 96 $4,260,000 $44,375
    4-5% 30 $26,130,000 $871,000
    3-4% 18 $12,370,000 $687,222

    During 2023, Univest Bank And Trust Co.'s average interest rate for loans was 6.58%, while their most frequently originated rate bucket for loans was 6-7%, with 850 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 696 $195,840,000 $281,379 $7,054 6.99%
    $100k-200k 511 $73,275,000 $143,395 $5,358 7.37%
    $100,000 or less 448 $25,640,000 $57,232 $730 7.12%
    $400k-600k 255 $122,005,000 $478,451 $9,824 6.52%
    $600k-1MM 138 $105,790,000 $766,594 $11,156 6.36%
    $1MM+ 102 $196,230,000 $1,923,824 $15,241 6.34%

    2023 saw Univest Bank And Trust Co. place emphasis on $200k-400k loans with 696 originations, totaling $195,840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 436 $111,710,000 $256,216 $7,985 7.20%
    $250k+ 364 $249,700,000 $685,989 $11,496 7.07%
    $150k-250k 348 $116,730,000 $335,431 $8,713 7.17%
    $50k-75k 344 $52,390,000 $152,297 $4,946 6.76%
    $75k-100k 309 $60,295,000 $195,129 $6,374 7.00%
    $50k or less 150 $18,090,000 $120,600 $3,475 6.12%

    Univest Bank And Trust Co. lent most frequently to those with incomes in the $100k-150k range, with 436 originations. The second most popular income band? $250k+, with 364 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 343 $109,785,000 $320,073 $7,397 6.99%
    30-36% 330 $103,060,000 $312,303 $7,272 6.90%
    <20% 150 $37,780,000 $251,867 $7,207 7.53%
    49% 117 $38,865,000 $332,179 $8,020 7.02%
    44% 109 $27,735,000 $254,450 $8,358 7.49%
    42% 100 $35,810,000 $358,100 $6,604 6.10%
    41% 85 $27,205,000 $320,059 $8,212 6.82%
    43% 77 $24,635,000 $319,935 $8,182 7.22%
    38% 74 $19,260,000 $260,270 $6,443 7.06%
    40% 70 $24,170,000 $345,286 $7,220 7.08%
    39% 62 $17,330,000 $279,516 $7,479 6.87%
    37% 59 $15,535,000 $263,305 $7,142 6.82%
    36% 56 $17,890,000 $319,464 $6,922 6.97%
    45% 52 $21,850,000 $420,192 $7,325 6.88%
    48% 49 $21,895,000 $446,837 $7,736 7.04%
    47% 46 $15,360,000 $333,913 $8,588 6.92%
    46% 46 $17,870,000 $388,478 $7,565 6.96%
    50-60% 34 $9,600,000 $282,353 $9,841 6.37%

    Univest Bank And Trust Co. lent most frequently to those with DTI ratios of 20-30%, with 343 originations. The next most common DTI ratio? 30-36%, with 330 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,491 $455,185,000 $305,288 $7,402 7.20%
    Not applicable 155 $96,945,000 $625,452 $0 6.90%
    Not provided 253 $91,115,000 $360,138 $8,453 6.58%
    Asian 108 $44,630,000 $413,241 $10,872 6.68%
    Black 124 $22,330,000 $180,081 $4,488 5.54%
    Asian Indian 6 $5,790,000 $965,000 $14,799 6.21%
    American Indian 9 $1,865,000 $207,222 $5,202 7.13%
    Native Hawaiian or Islander 3 $565,000 $188,333 $0 5.75%
    Vietnamese 1 $355,000 $355,000 $5,224 6.13%

    Approval Rates

    Total approvals of all applications
    91.81%

    Univest Bank And Trust Co. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.65%

    Univest Bank And Trust Co. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,150 $718,780,000 $334,316

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,150 $718,780,000 $334,316

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 376 $57,100,000 $151,862 $2,959 7.56%
    40-60% 239 $109,055,000 $456,297 $6,630 7.05%
    60-80% 564 $269,000,000 $476,950 $8,886 6.70%
    80-100% 664 $259,400,000 $390,663 $8,286 6.60%
    Over 100% 4 $1,160,000 $290,000 $11,697 6.78%
    Under 20% 301 $22,715,000 $75,465 $354 7.57%