Union Savings Bank Mortgage Rates, Fees & Info
Freeport, ILLEI: 549300OEWY869SOVHF18
Tax ID: 36-1893340
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Union Savings Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Union Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rochelle, Rockford, Freeport, Dixon, and Racine among others. We have data for 9 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
117Origination Dollar Volume (All Markets)
$15,455,000Top 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 |
|---|---|---|---|---|---|
| Rochelle, IL (FHA|USDA|VA) | 38 | $5,670,000 | $149,211 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 35 | $4,805,000 | $137,286 | $0 | 0.00% |
| Freeport, IL (FHA|USDA|VA) | 36 | $4,270,000 | $118,611 | $0 | 0.00% |
| Dixon, IL (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Sterling, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 117 | $15,455,000 | $132,094 | $0 | 0.00% |
For 2022, Union Savings Bank's most frequently originated type of loan was Conventional, with 117 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 54 | $7,510,000 | $139,074 | $0 | 0.00% |
| Cash Out Refi | 34 | $4,740,000 | $139,412 | $0 | 0.00% |
| Refi | 29 | $3,205,000 | $110,517 | $0 | 0.00% |
For 2022, Union Savings Bank's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 117 | $15,455,000 | $132,094 | $0 | 0.00% |
For 2022, Union Savings Bank's most frequently cited loan duration was Other, with 117 originations.
Loan Sizing
2022 saw Union Savings Bank place emphasis on $100,000 or less loans with 52 originations, totaling $3,030,000 in origination value.
Applicant Income
Union Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 35 originations. The second most popular income band? $150k-250k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 117 | $15,455,000 | $132,094 | $0 | 0.00% |
Union Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 117 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.22%
Union Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.03%
Union Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 117 | $15,455,000 | $132,094 |