Union Savings Bank Mortgage Rates, Fees & Info
Freeport, ILLEI: 549300OEWY869SOVHF18
Tax ID: 36-1893340
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Mortgage Data
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, Idaho Falls, and Galesburg among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Union Savings Bank 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.
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Originations
65Origination Dollar Volume (All Markets)
$9,405,000Top 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 |
|---|---|---|---|---|---|
| ROCKFORD, IL (FHA|USDA|VA) | 20 | $3,480,000 | $174,000 | $0 | 0.00% |
| Freeport, IL (FHA|USDA|VA) | 26 | $3,050,000 | $117,308 | $0 | 0.00% |
| Rochelle, IL (FHA|USDA|VA) | 15 | $2,065,000 | $137,667 | $0 | 0.00% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Sterling, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 65 | $9,405,000 | $144,692 | $0 | 0.00% |
For 2024, Union Savings Bank's most frequently originated type of loan was Conventional, with 65 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 39 | $5,465,000 | $140,128 | $0 | 0.00% |
| Cash Out Refi | 18 | $2,620,000 | $145,556 | $0 | 0.00% |
| Refi | 8 | $1,320,000 | $165,000 | $0 | 0.00% |
For 2024, Union Savings Bank's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 65 | $9,405,000 | $144,692 | $0 | 0.00% |
For 2024, Union Savings Bank's most frequently cited loan duration was Other, with 65 originations.
Loan Sizing
2024 saw Union Savings Bank place emphasis on $100k-200k loans with 33 originations, totaling $4,605,000 in origination value.
Applicant Income
Union Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $50k or less, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 65 | $9,405,000 | $144,692 | $0 | 0.00% |
Union Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 65 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.94%
Union Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.00%
Union Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 65 | $9,405,000 | $144,692 |