United Community Bank Mortgage Rates, Fees & Info
Raceland, LALEI: 549300O2UK5FUZXQJO34
Tax ID: 72-0591770
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Mortgage Data
Review & Overview
United Community Bank is a smaller bank specializing in Refi and Home Purchase loans. United Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Baton Rouge, New Orleans, Houma, Gulfport, and Pensacola among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)United Community Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
71Origination Dollar Volume (All Markets)
$17,825,000Top 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 |
|---|---|---|---|---|---|
| BATON ROUGE, LA (FHA|USDA|VA) | 36 | $11,070,000 | $307,500 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 7 | $2,285,000 | $326,429 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 22 | $1,970,000 | $89,545 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $575,000 | $575,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 71 | $17,825,000 | $251,056 | $0 | 0.00% |
For 2022, United Community Bank's most frequently originated type of loan was Conventional, with 71 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 44 | $9,460,000 | $215,000 | $0 | 0.00% |
| Home Purchase | 24 | $8,280,000 | $345,000 | $0 | 0.00% |
| Home Improvement | 3 | $85,000 | $28,333 | $0 | 0.00% |
For 2022, United Community Bank's most frequently cited loan purpose was Refi, with 44 originations. The 2nd most popular reason was Home Purchase, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 71 | $17,825,000 | $251,056 | $0 | 0.00% |
For 2022, United Community Bank's most frequently cited loan duration was Other, with 71 originations.
Loan Sizing
2022 saw United Community Bank place emphasis on $100,000 or less loans with 35 originations, totaling $1,845,000 in origination value.
Applicant Income
United Community Bank lent most frequently to those with incomes in the $150k-250k range, with 9 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 71 | $17,825,000 | $251,056 | $0 | 0.00% |
United Community Bank lent most frequently to those with DTI ratios of Exempt%, with 71 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.59%
United Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination97.18%
United Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 71 | $17,825,000 | $251,056 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |