Univest Bank And Trust Co. Mortgage Rates, Fees & Info
Souderton, PALEI: 549300LBK5BTNFKZJD14
Tax ID: 23-1171580
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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, Allentown, and Reading among others. We have data for 65 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 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.98% | 4/28/24 |
| 30 Year Conventional Purchase | 6.44% | 4/28/24 |
| 30 Year Conventional Refi | 6.41% | 4/28/24 |
| 30 Year Cash-out Refi | 6.61% | 4/28/24 |
| 30 Year FHA Purchase | 7.08% | 4/28/24 |
| 30 Year FHA Refi | 6.69% | 4/28/24 |
| 30 Year VA Purchase | 6.11% | 4/28/24 |
| 30 Year USDA Purchase | 6.58% | 4/28/24 |
| 15 Year Conventional Purchase | 5.93% | 4/28/24 |
| 15 Year Conventional Refi | 6.22% | 4/28/24 |
| 15 Year Cash-out Refi | 6.22% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,852Origination Dollar Volume (All Markets)
$989,080,000Awards
Univest Bank and Trust Co. - 2022
Univest Bank and Trust Co. 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1,655 | $546,545,000 | $330,239 | $6,706 | 4.67% |
| LANCASTER, PA (FHA|USDA|VA) | 386 | $98,400,000 | $254,922 | $6,093 | 4.56% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 123 | $95,505,000 | $776,463 | $8,536 | 4.70% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 147 | $35,105,000 | $238,810 | $5,869 | 4.82% |
| READING, PA (FHA|USDA|VA) | 116 | $31,870,000 | $274,741 | $6,595 | 4.84% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 84 | $29,740,000 | $354,048 | $5,720 | 4.72% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 42 | $26,580,000 | $632,857 | $7,652 | 4.49% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 40 | $10,750,000 | $268,750 | $8,808 | 4.55% |
| GETTYSBURG, PA (FHA|USDA|VA) | 5 | $10,335,000 | $2,067,000 | $8,994 | 4.30% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $9,645,000 | $1,929,000 | $12,994 | 4.03% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $9,620,000 | $4,810,000 | $21,312 | 3.31% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 9 | $8,345,000 | $927,222 | $6,908 | 5.22% |
| LEBANON, PA (FHA|USDA|VA) | 32 | $7,760,000 | $242,500 | $6,236 | 4.39% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 24 | $7,370,000 | $307,083 | $5,725 | 4.58% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 22 | $7,010,000 | $318,636 | $8,178 | 4.48% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 9 | $4,075,000 | $452,778 | $6,579 | 5.71% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 20 | $3,910,000 | $195,500 | $7,374 | 5.12% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 10 | $3,610,000 | $361,000 | $5,945 | 4.49% |
| Outside of Metro Areas | 10 | $3,330,000 | $333,000 | $6,939 | 4.52% |
| Pottsville, PA (FHA|USDA|VA) | 17 | $3,005,000 | $176,765 | $4,619 | 4.55% |
| Lewistown, PA (FHA|USDA|VA) | 6 | $2,780,000 | $463,333 | $4,095 | 4.39% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $2,560,000 | $640,000 | $5,777 | 5.65% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $2,240,000 | $560,000 | $9,621 | 4.44% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $2,125,000 | $708,333 | $9,032 | 2.92% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $2,105,000 | $421,000 | $11,122 | 4.45% |
| Easton, MD (FHA|USDA|VA) | 1 | $1,835,000 | $1,835,000 | $7,696 | 4.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 7 | $1,775,000 | $253,571 | $6,258 | 4.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 4 | $1,660,000 | $415,000 | $4,916 | 5.28% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $8,075 | 4.13% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $6,745 | 4.75% |
| Sunbury, PA (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $6,303 | 4.76% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $4,922 | 5.25% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $8,345 | 3.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $3,534 | 4.63% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $6,572 | 6.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $7,136 | 3.44% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 6 | $780,000 | $130,000 | $5,333 | 4.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $3,927 | 4.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $13,762 | 3.69% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $4,850 | 5.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $11,657 | 4.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $12,405 | 4.75% |
| Key West, FL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $3,811 | 3.25% |
| OCALA, FL (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $5,080 | 5.67% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,867 | 5.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,164 | 3.38% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $11,272 | 6.88% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 5.25% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,822 | 3.63% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 5.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,185 | 4.50% |
| Indiana, PA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,137 | 6.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,577 | 5.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,788 | 3.25% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,312 | 3.50% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,449 | 4.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,594 | 4.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,469 | 7.13% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,199 | 6.13% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,161 | 6.63% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,487 | 5.38% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 3.88% |
| Sayre, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,777 | 5.50% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,362 | 4.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.38% |
Their top states include:
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Product Mix
For 2022, Univest Bank And Trust Co.'s most frequently originated type of loan was Conventional, with 1,933 originations. Their 2nd most popular type was HELOC, with 754 originations.
Loan Reason
For 2022, Univest Bank And Trust Co.'s most frequently cited loan purpose was Home Purchase, with 1,525 originations. The 2nd most popular reason was Home Improvement, with 518 originations.
Loan Duration/Length
For 2022, Univest Bank And Trust Co.'s most frequently cited loan duration was 30 Year, with 1,451 originations. The 2nd most popular length was Other, with 792 originations.
Origination Fees/Closing Costs
Univest Bank And Trust Co.'s average total fees were $7,183, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 657 originations.
Interest Rates
During 2022, Univest Bank And Trust Co.'s average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 3-4%, with 1,030 originations.
Loan Sizing
2022 saw Univest Bank And Trust Co. place emphasis on $200k-400k loans with 970 originations, totaling $270,590,000 in origination value.
Applicant Income
Univest Bank And Trust Co. lent most frequently to those with incomes in the $150k-250k range, with 513 originations. The second most popular income band? $100k-150k, with 488 originations.
Applicant Debt to Income Ratio
Univest Bank And Trust Co. lent most frequently to those with DTI ratios of 20-30%, with 470 originations. The next most common DTI ratio? 30-36%, with 453 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.03%
Univest Bank And Trust Co. has an average approval rate.
Pick Rate
Approvals leading to origination82.99%
Univest Bank And Trust Co. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,852 | $989,080,000 | $346,802 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UMPQUA HOLDINGS CORPORATION | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |