Union Savings Bank Mortgage Rates, Fees & Info

Freeport, IL

LEI: 549300OEWY869SOVHF18

Tax ID: 36-1893340

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Union Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Union Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rockford, Freeport, Rochelle, Chicago, and Dixon among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Union Savings 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.

    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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    Originations

    62

    Origination Dollar Volume (All Markets)

    $10,420,000

    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
    ROCKFORD, IL (FHA|USDA|VA) 19 $4,425,000 $232,895 $0 0.00%
    Freeport, IL (FHA|USDA|VA) 20 $2,630,000 $131,500 $0 0.00%
    Rochelle, IL (FHA|USDA|VA) 16 $1,820,000 $113,750 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $880,000 $220,000 $0 0.00%
    Dixon, IL (FHA|USDA|VA) 2 $440,000 $220,000 $0 0.00%
    KANKAKEE, IL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Union Savings Bank's top markets include Rockford, Freeport, Rochelle, Chicago, and Dixon among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 62 $10,420,000 $168,065 $0 0.00%

    For 2023, Union Savings Bank's most frequently originated type of loan was Conventional, with 62 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 43 $6,015,000 $139,884 $0 0.00%
    Cash Out Refi 12 $3,790,000 $315,833 $0 0.00%
    Refi 7 $615,000 $87,857 $0 0.00%

    For 2023, Union Savings Bank's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 62 $10,420,000 $168,065 $0 0.00%

    For 2023, Union Savings Bank's most frequently cited loan duration was Other, with 62 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 30 $4,300,000 $143,333 $0 0.00%
    $100,000 or less 21 $1,335,000 $63,571 $0 0.00%
    $200k-400k 10 $2,780,000 $278,000 $0 0.00%
    $1MM+ 1 $2,005,000 $2,005,000 $0 0.00%

    2023 saw Union Savings Bank place emphasis on $100k-200k loans with 30 originations, totaling $4,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 16 $3,180,000 $198,750 $0 0.00%
    $50k-75k 15 $2,015,000 $134,333 $0 0.00%
    $50k or less 11 $785,000 $71,364 $0 0.00%
    $75k-100k 10 $1,280,000 $128,000 $0 0.00%
    $150k-250k 4 $730,000 $182,500 $0 0.00%
    $250k+ 1 $25,000 $25,000 $0 0.00%

    Union Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $50k-75k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 62 $10,420,000 $168,065 $0 0.00%

    Union Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 62 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 54 $7,740,000 $143,333 $0 0.00%
    Not applicable 5 $2,405,000 $481,000 $0 0.00%
    Not provided 1 $175,000 $175,000 $0 0.00%
    Black 2 $100,000 $50,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.05%

    Union Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.26%

    Union Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 62 $10,420,000 $168,065

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    62 $10,420,000 $168,065