United Bank Mortgage Rates, Fees & Info

Atmore, AL

LEI: 549300OPKCV6BLMDSL66

Tax ID: 63-0838750

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

United Bank is a smaller bank specializing in Home Purchase and Refi loans. United Bank has a high proportion of conventional loans. Their top markets by origination volume include: Daphne, Pensacola, Sevierville, Atmore, and Mobile among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

United 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.

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Originations

Origination Dollar Volume (All Markets)

$17,490,000

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
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	34	$6,750,000	$198,529	$0	0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA\|USDA\|VA)	16	$3,330,000	$208,125	$0	0.00%
Sevierville, TN (FHA\|USDA\|VA)	1	$2,435,000	$2,435,000	$0	0.00%
Atmore, AL (FHA\|USDA\|VA)	16	$1,270,000	$79,375	$0	0.00%
Outside of Metro Areas	13	$1,235,000	$95,000	$0	0.00%
MOBILE, AL (FHA\|USDA\|VA)	5	$1,055,000	$211,000	$0	0.00%
CHATTANOOGA, TN-GA (FHA\|USDA\|VA)	1	$755,000	$755,000	$0	0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$465,000	$465,000	$0	0.00%
PANAMA CITY, FL (FHA\|USDA\|VA)	1	$195,000	$195,000	$0	0.00%

United Bank's top markets include Daphne, Pensacola, Sevierville, Atmore, and Mobile among others.

Their top states include:

Alabama (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Tennessee (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	88	$17,490,000	$198,750	$0	0.00%

For 2024, United Bank's most frequently originated type of loan was Conventional, with 88 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	44	$11,770,000	$267,500	$0	0.00%
Refi	27	$4,545,000	$168,333	$0	0.00%
Home Improvement	11	$635,000	$57,727	$0	0.00%
Other	5	$505,000	$101,000	$0	0.00%
Cash Out Refi	1	$35,000	$35,000	$0	0.00%

For 2024, United Bank's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Refi, with 27 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	88	$17,490,000	$198,750	$0	0.00%

For 2024, United Bank's most frequently cited loan duration was Other, with 88 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	33	$1,585,000	$48,030	$0	0.00%
$100k-200k	32	$4,530,000	$141,563	$0	0.00%
$200k-400k	15	$4,215,000	$281,000	$0	0.00%
$400k-600k	4	$2,090,000	$522,500	$0	0.00%
$1MM+	2	$3,520,000	$1,760,000	$0	0.00%
$600k-1MM	2	$1,550,000	$775,000	$0	0.00%

2024 saw United Bank place emphasis on $100,000 or less loans with 33 originations, totaling $1,585,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	16	$1,900,000	$118,750	$0	0.00%
$50k or less	16	$1,280,000	$80,000	$0	0.00%
$100k-150k	15	$2,225,000	$148,333	$0	0.00%
$150k-250k	10	$2,340,000	$234,000	$0	0.00%
$250k+	8	$3,340,000	$417,500	$0	0.00%
$75k-100k	8	$910,000	$113,750	$0	0.00%

United Bank lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $50k or less, with 16 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	88	$17,490,000	$198,750	$0	0.00%

United Bank lent most frequently to those with DTI ratios of Exempt%, with 88 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	61	$10,865,000	$178,115	$0	0.00%
Not applicable	14	$5,450,000	$389,286	$0	0.00%
Asian	4	$690,000	$172,500	$0	0.00%
American Indian	3	$225,000	$75,000	$0	0.00%
Black	5	$205,000	$41,000	$0	0.00%
Not provided	1	$55,000	$55,000	$0	0.00%

Approval Rates

Total approvals of all applications
78.32%

United Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
73.86%

United Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	88	$17,490,000	$198,750

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	88	$17,490,000	$198,750