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 small bank specializing in Home Purchase loans. United Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Richmond, Baltimore, Charlottesville, and Charlotte among others. We have data for 100 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/5/25 |
| 30 Year Conventional Purchase | 6.69% | 4/5/25 |
| 30 Year Conventional Refi | 5.41% | 4/5/25 |
| 30 Year Cash-out Refi | 7.10% | 4/5/25 |
| 30 Year FHA Purchase | 7.08% | 4/5/25 |
| 30 Year FHA Refi | 7.08% | 4/5/25 |
| 30 Year VA Purchase | 6.24% | 4/5/25 |
| 30 Year VA Refi | 6.08% | 4/5/25 |
| 30 Year USDA Purchase | 6.61% | 4/5/25 |
| 15 Year Conventional Purchase | 4.81% | 4/5/25 |
| 15 Year Conventional Refi | 6.34% | 4/5/25 |
| 15 Year Cash-out Refi | 6.34% | 4/5/25 |
| 15 Year FHA Purchase | 6.00% | 4/5/25 |
| 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
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from United Bank. 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
3,535Origination Dollar Volume (All Markets)
$1,419,825,000Awards
United Bank - 2024
United Bank is a 2024 , due to their low .
For 2024, 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 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.2%.
Relative Fees (Closing Costs)
United Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,517.
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 $8,356.
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) | 1,016 | $588,590,000 | $579,321 | $7,589 | 6.96% |
| RICHMOND, VA (FHA|USDA|VA) | 733 | $232,605,000 | $317,333 | $6,095 | 6.52% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 219 | $84,835,000 | $387,374 | $6,288 | 6.48% |
| Outside of Metro Areas | 251 | $62,715,000 | $249,861 | $5,966 | 7.29% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 38 | $58,270,000 | $1,533,421 | $5,793 | 7.47% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 98 | $51,740,000 | $527,959 | $4,706 | 7.68% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 121 | $38,605,000 | $319,050 | $5,801 | 7.77% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 87 | $22,575,000 | $259,483 | $6,078 | 7.62% |
| MORGANTOWN, WV (FHA|USDA|VA) | 71 | $17,455,000 | $245,845 | $4,451 | 7.69% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 103 | $17,435,000 | $169,272 | $3,664 | 6.70% |
| HARRISONBURG, VA (FHA|USDA|VA) | 64 | $17,380,000 | $271,563 | $6,134 | 6.85% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 48 | $14,530,000 | $302,708 | $7,090 | 7.72% |
| GREENVILLE, NC (FHA|USDA|VA) | 44 | $11,020,000 | $250,455 | $4,212 | 7.85% |
| LYNCHBURG, VA (FHA|USDA|VA) | 16 | $10,910,000 | $681,875 | $7,550 | 7.52% |
| WILMINGTON, NC (FHA|USDA|VA) | 18 | $10,610,000 | $589,444 | $6,203 | 7.86% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 23 | $10,545,000 | $458,478 | $4,470 | 7.54% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 19 | $10,295,000 | $541,842 | $4,526 | 6.78% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 22 | $9,730,000 | $442,273 | $4,244 | 7.12% |
| CHARLESTON, WV (FHA|USDA|VA) | 40 | $9,670,000 | $241,750 | $3,741 | 7.37% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 37 | $8,795,000 | $237,703 | $5,579 | 7.63% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 14 | $8,410,000 | $600,714 | $9,718 | 6.68% |
| NEW BERN, NC (FHA|USDA|VA) | 20 | $7,460,000 | $373,000 | $5,636 | 7.42% |
| COLUMBIA, SC (FHA|USDA|VA) | 10 | $6,130,000 | $613,000 | $4,831 | 7.71% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 7 | $6,105,000 | $872,143 | $6,306 | 7.82% |
| BECKLEY, WV (FHA|USDA|VA) | 27 | $6,025,000 | $223,148 | $3,868 | 7.05% |
| SPARTANBURG, SC (FHA|USDA|VA) | 34 | $6,020,000 | $177,059 | $7,705 | 7.45% |
| STAUNTON, VA (FHA|USDA|VA) | 17 | $4,995,000 | $293,824 | $5,867 | 7.01% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 25 | $4,865,000 | $194,600 | $6,362 | 7.65% |
| PITTSBURGH, PA (FHA|USDA|VA) | 55 | $4,825,000 | $87,727 | $5,685 | 7.64% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 12 | $4,810,000 | $400,833 | $6,008 | 6.76% |
| Forest City, NC (FHA|USDA|VA) | 19 | $4,675,000 | $246,053 | $3,542 | 7.99% |
| Washington, NC (FHA|USDA|VA) | 30 | $4,090,000 | $136,333 | $4,607 | 7.96% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 11 | $4,035,000 | $366,818 | $7,764 | 7.81% |
| Morehead City, NC (FHA|USDA|VA) | 10 | $3,590,000 | $359,000 | $6,716 | 7.70% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 8 | $3,170,000 | $396,250 | $9,293 | 7.53% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 9 | $2,975,000 | $330,556 | $6,835 | 6.44% |
| Boone, NC (FHA|USDA|VA) | 3 | $2,815,000 | $938,333 | $0 | 7.95% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 17 | $2,475,000 | $145,588 | $4,361 | 8.08% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $2,370,000 | $1,185,000 | $0 | 8.37% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $2,275,000 | $758,333 | $8,658 | 7.46% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $2,205,000 | $735,000 | $10,416 | 6.74% |
| Georgetown, SC (FHA|USDA|VA) | 7 | $2,185,000 | $312,143 | $5,614 | 7.93% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $2,125,000 | $425,000 | $8,415 | 7.43% |
| ROANOKE, VA (FHA|USDA|VA) | 5 | $2,035,000 | $407,000 | $7,110 | 7.20% |
| Shelby, NC (FHA|USDA|VA) | 4 | $1,990,000 | $497,500 | $5,358 | 7.28% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 7 | $1,965,000 | $280,714 | $4,873 | 8.14% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,920,000 | $960,000 | $9,065 | 6.94% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $1,550,000 | $775,000 | $5,183 | 6.68% |
| Lumberton, NC (FHA|USDA|VA) | 8 | $1,440,000 | $180,000 | $5,300 | 7.84% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $6,324 | 7.19% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $10,452 | 8.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $7,213 | 6.81% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $5,240 | 7.71% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $0 | 7.45% |
| Sanford, NC (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 7.60% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $5,775 | 6.96% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $3,173 | 5.88% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $18,275 | 7.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $7,289 | 5.99% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $16,346 | 6.25% |
| Greenwood, SC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,666 | 6.56% |
| Clarksburg, WV (FHA|USDA|VA) | 6 | $620,000 | $103,333 | $2,616 | 6.08% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $4,938 | 6.62% |
| WHEELING, WV-OH (FHA|USDA|VA) | 9 | $585,000 | $65,000 | $3,483 | 8.46% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $6,130 | 6.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $6,033 | 6.63% |
| Elizabeth City, NC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $12,183 | 6.38% |
| FLORENCE, SC (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,546 | 6.81% |
| Mount Gay-Shamrock, WV (FHA|USDA|VA) | 5 | $525,000 | $105,000 | $5,015 | 6.52% |
| Kinston, NC (FHA|USDA|VA) | 6 | $480,000 | $80,000 | $5,880 | 7.29% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $2,607 | 6.25% |
| Gaffney, SC (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $7,037 | 6.69% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $11,652 | 5.75% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $12,413 | 6.63% |
| GOLDSBORO, NC (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $5,934 | 8.04% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,326 | 7.63% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,241 | 6.99% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,743 | 6.63% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $10,825 | 7.88% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,209 | 7.25% |
| Easton, MD (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 6.88% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,915 | 8.13% |
| Somerset, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,843 | 5.99% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,710 | 5.63% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 7.75% |
| READING, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 6.99% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,056 | 6.63% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,066 | 5.99% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,814 | 6.63% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,994 | 6.13% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,058 | 5.99% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,641 | 6.99% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,978 | 6.13% |
| Seneca, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,231 | 6.63% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,157 | 5.99% |
| Fairmont, WV (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $3,255 | 8.63% |
| Athens, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $6,073 | 5.99% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.75% |
| Marietta, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.00% |
| Wilson, NC (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 9.50% |
Similar Lenders
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 2024, United Bank's most frequently originated type of loan was Conventional, with 2,418 originations. Their 2nd most popular type was HELOC, with 745 originations.
Loan Reason
For 2024, United Bank's most frequently cited loan purpose was Home Purchase, with 2,450 originations. The 2nd most popular reason was Refi, with 529 originations.
Loan Duration/Length
For 2024, United Bank's most frequently cited loan duration was 30 Year, with 2,185 originations. The 2nd most popular length was Other, with 805 originations.
Origination Fees/Closing Costs
United Bank's average total fees were $6,517, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,464 originations.
Interest Rates
During 2024, United Bank's average interest rate for loans was 6.35%, while their most frequently originated rate bucket for loans was 6-7%, with 1,539 originations.
Loan Sizing
2024 saw United Bank place emphasis on $200k-400k loans with 1,367 originations, totaling $397,825,000 in origination value.
Applicant Income
United Bank lent most frequently to those with incomes in the $150k-250k range, with 736 originations. The second most popular income band? $100k-150k, with 728 originations.
Applicant Debt to Income Ratio
United Bank lent most frequently to those with DTI ratios of 30-36%, with 584 originations. The next most common DTI ratio? 20-30%, with 538 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.62%
United Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.36%
United Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,535 | $1,419,825,000 | $401,648 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,535 | $1,419,825,000 | $401,648 |