United Bank Mortgage Rates, Fees & Info
Fairfax, VALEI: 549300MKOZ81ZWTNKB12
Tax ID: 54-1071198
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Mortgage Data
Review & Overview
United Bank is a smaller bank specializing in Home Purchase loans. United Bank 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: Washington, Raleigh, Myrtle Beach, Charlotte, and Charleston among others. We have data for 88 markets. (Some data included below & more in-depth data is available with an active subscription.)United Bank 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. United Bank 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.56% | 11/17/24 |
| 30 Year Conventional Refi | 6.52% | 11/17/24 |
| 30 Year Cash-out Refi | 6.76% | 11/17/24 |
| 30 Year FHA Purchase | 7.12% | 11/17/24 |
| 30 Year FHA Refi | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 5.94% | 11/17/24 |
| 30 Year USDA Purchase | 6.60% | 11/17/24 |
| 15 Year Conventional Purchase | 6.45% | 11/17/24 |
| 15 Year Conventional Refi | 6.03% | 11/17/24 |
| 15 Year Cash-out Refi | 6.03% | 11/17/24 |
| 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. | ||
United Bank Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,713Origination Dollar Volume (All Markets)
$734,455,000Awards
United Bank - 2023
United Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
United Bank's average 30 year fixed mortgage rate was
6.35%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.13%.
Relative Fees (Closing Costs)
United Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,760.
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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 217 | $128,545,000 | $592,373 | $11,509 | 8.77% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 12 | $108,710,000 | $9,059,167 | $4,452 | 8.16% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 170 | $94,530,000 | $556,059 | $4,926 | 7.31% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 114 | $82,740,000 | $725,789 | $5,148 | 7.45% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 104 | $32,730,000 | $314,712 | $6,168 | 6.95% |
| Outside of Metro Areas | 141 | $27,035,000 | $191,738 | $4,410 | 8.18% |
| RICHMOND, VA (FHA|USDA|VA) | 106 | $21,740,000 | $205,094 | $0 | 8.81% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 114 | $19,830,000 | $173,947 | $4,419 | 6.84% |
| MORGANTOWN, WV (FHA|USDA|VA) | 58 | $18,940,000 | $326,552 | $4,573 | 7.65% |
| WILMINGTON, NC (FHA|USDA|VA) | 22 | $17,430,000 | $792,273 | $5,229 | 8.22% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $12,485,000 | $2,497,000 | $10,434 | 6.90% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $11,215,000 | $3,738,333 | $0 | 7.80% |
| CHARLESTON, WV (FHA|USDA|VA) | 59 | $9,535,000 | $161,610 | $4,340 | 7.34% |
| Lumberton, NC (FHA|USDA|VA) | 15 | $8,745,000 | $583,000 | $3,724 | 7.39% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $8,535,000 | $2,845,000 | $0 | 7.41% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 49 | $8,405,000 | $171,531 | $0 | 8.58% |
| Washington, NC (FHA|USDA|VA) | 30 | $7,610,000 | $253,667 | $5,250 | 7.82% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 17 | $6,445,000 | $379,118 | $1,695 | 8.76% |
| ASHEVILLE, NC (FHA|USDA|VA) | 5 | $5,315,000 | $1,063,000 | $0 | 7.90% |
| GREENVILLE, NC (FHA|USDA|VA) | 32 | $5,240,000 | $163,750 | $3,642 | 7.99% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 26 | $4,880,000 | $187,692 | $5,158 | 7.68% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 4 | $4,420,000 | $1,105,000 | $0 | 8.65% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 30 | $4,240,000 | $141,333 | $3,289 | 8.84% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $4,220,000 | $2,110,000 | $17,438 | 6.75% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 4 | $4,060,000 | $1,015,000 | $3,623 | 7.85% |
| BECKLEY, WV (FHA|USDA|VA) | 27 | $4,045,000 | $149,815 | $4,245 | 7.72% |
| AKRON, OH (FHA|USDA|VA) | 1 | $4,005,000 | $4,005,000 | $0 | 7.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $3,815,000 | $1,271,667 | $3,825 | 8.66% |
| LYNCHBURG, VA (FHA|USDA|VA) | 7 | $3,355,000 | $479,286 | $4,483 | 7.71% |
| Morehead City, NC (FHA|USDA|VA) | 15 | $3,305,000 | $220,333 | $5,965 | 7.93% |
| NEW BERN, NC (FHA|USDA|VA) | 24 | $3,240,000 | $135,000 | $4,446 | 7.51% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 17 | $3,185,000 | $187,353 | $0 | 8.59% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 16 | $2,810,000 | $175,625 | $0 | 8.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 33 | $2,645,000 | $80,152 | $4,136 | 7.80% |
| SPARTANBURG, SC (FHA|USDA|VA) | 16 | $2,450,000 | $153,125 | $3,697 | 8.40% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 6 | $2,440,000 | $406,667 | $0 | 8.38% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 26 | $2,360,000 | $90,769 | $3,647 | 8.07% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 10 | $2,220,000 | $222,000 | $5,112 | 8.26% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $2,205,000 | $2,205,000 | $0 | 7.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 15 | $2,105,000 | $140,333 | $5,588 | 8.68% |
| Wilson, NC (FHA|USDA|VA) | 4 | $2,000,000 | $500,000 | $3,168 | 7.44% |
| Seneca, SC (FHA|USDA|VA) | 2 | $1,990,000 | $995,000 | $6,437 | 7.93% |
| Kinston, NC (FHA|USDA|VA) | 7 | $1,845,000 | $263,571 | $4,426 | 7.19% |
| HARRISONBURG, VA (FHA|USDA|VA) | 13 | $1,805,000 | $138,846 | $0 | 8.56% |
| Forest City, NC (FHA|USDA|VA) | 14 | $1,730,000 | $123,571 | $3,870 | 7.77% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $1,720,000 | $430,000 | $0 | 8.69% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 6 | $1,720,000 | $286,667 | $8,015 | 7.56% |
| Gaffney, SC (FHA|USDA|VA) | 2 | $1,570,000 | $785,000 | $0 | 7.56% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 10 | $1,480,000 | $148,000 | $4,362 | 7.76% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 14 | $1,420,000 | $101,429 | $3,836 | 7.18% |
| WHEELING, WV-OH (FHA|USDA|VA) | 16 | $1,300,000 | $81,250 | $2,933 | 7.08% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $11,121 | 8.08% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $4,949 | 7.94% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $4,945 | 7.69% |
| Boone, NC (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $4,336 | 7.54% |
| Marietta, OH (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $0 | 8.28% |
| GOLDSBORO, NC (FHA|USDA|VA) | 6 | $760,000 | $126,667 | $5,528 | 8.21% |
| FLORENCE, SC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $6,724 | 6.31% |
| Elizabeth City, NC (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,483 | 6.25% |
| Brevard, NC (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $8,333 | 6.38% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,949 | 7.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $9,117 | 7.13% |
| SUMTER, SC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,351 | 6.69% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,199 | 8.00% |
| Laconia, NH (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,536 | 7.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 9.50% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,702 | 6.50% |
| Fairmont, WV (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $3,923 | 7.65% |
| Shelby, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.25% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,784 | 6.49% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,018 | 7.00% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,342 | 7.38% |
| Mount Gay-Shamrock, WV (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $3,213 | 7.00% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 7.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,260 | 6.00% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 7.75% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,374 | 5.63% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.85% |
| Newberry, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,299 | 7.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.91% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,561 | 6.63% |
| Crossville, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,798 | 5.88% |
| Clarksburg, WV (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 8.88% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,691 | 5.75% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.50% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.50% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,385 | 6.25% |
Their top states include:
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We use machine learning to identify the top lenders compared against United Bank 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
For 2023, United Bank's most frequently originated type of loan was Conventional, with 869 originations. Their 2nd most popular type was HELOC, with 762 originations.
Loan Reason
For 2023, United Bank's most frequently cited loan purpose was Home Purchase, with 795 originations. The 2nd most popular reason was Home Improvement, with 370 originations.
Loan Duration/Length
For 2023, United Bank's most frequently cited loan duration was Other, with 813 originations. The 2nd most popular length was 30 Year, with 515 originations.
Origination Fees/Closing Costs
United Bank's average total fees were $4,760, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 296 originations.
Interest Rates
During 2023, United Bank's average interest rate for loans was 6.35%, while their most frequently originated rate bucket for loans was Over 8%, with 873 originations.
Loan Sizing
2023 saw United Bank place emphasis on $100,000 or less loans with 487 originations, totaling $28,315,000 in origination value.
Applicant Income
United Bank lent most frequently to those with incomes in the $100k-150k range, with 287 originations. The second most popular income band? $150k-250k, with 278 originations.
Applicant Debt to Income Ratio
United Bank lent most frequently to those with DTI ratios of 20-30%, with 339 originations. The next most common DTI ratio? 30-36%, with 240 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.49%
United Bank has a below average approval rate.
Pick Rate
Approvals leading to origination85.87%
United Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,713 | $734,455,000 | $428,754 |