Union Savings Bank Mortgage Rates, Fees & Info

Freeport, IL

LEI: 549300OEWY869SOVHF18

Tax ID: 36-1893340

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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

117

Origination Dollar Volume (All Markets)

$15,455,000

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
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%
Union Savings Bank's top markets include Rochelle, Rockford, Freeport, Dixon, and Racine among others.

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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 52 $3,030,000 $58,269 $0 0.00%
    $100k-200k 49 $6,435,000 $131,327 $0 0.00%
    $200k-400k 12 $3,120,000 $260,000 $0 0.00%
    $400k-600k 3 $1,415,000 $471,667 $0 0.00%
    $1MM+ 1 $1,455,000 $1,455,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 35 $3,955,000 $113,000 $0 0.00%
    $150k-250k 25 $2,425,000 $97,000 $0 0.00%
    $75k-100k 18 $2,290,000 $127,222 $0 0.00%
    $50k or less 17 $1,335,000 $78,529 $0 0.00%
    $100k-150k 16 $2,940,000 $183,750 $0 0.00%
    $250k+ 2 $800,000 $400,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 102 $12,740,000 $124,902 $0 0.00%
    Not applicable 4 $1,710,000 $427,500 $0 0.00%
    Not provided 8 $680,000 $85,000 $0 0.00%
    Black 3 $325,000 $108,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.22%

    Union Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.03%

    Union Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 117 $15,455,000 $132,094

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    117 $15,455,000 $132,094