United Bank Mortgage Rates, Fees & Info

Atmore, AL

LEI: 549300OPKCV6BLMDSL66

Tax ID: 63-0838750

Latest/2023 | 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, Atmore, Auburn, and Mobile among others. We have data for 7 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

136

Origination Dollar Volume (All Markets)

$26,810,000

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)	70	$15,450,000	$220,714	$0	0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA\|USDA\|VA)	23	$5,945,000	$258,478	$0	0.00%
Atmore, AL (FHA\|USDA\|VA)	15	$2,405,000	$160,333	$0	0.00%
Outside of Metro Areas	22	$2,240,000	$101,818	$0	0.00%
AUBURN-OPELIKA, AL (FHA\|USDA\|VA)	1	$315,000	$315,000	$0	0.00%
MOBILE, AL (FHA\|USDA\|VA)	4	$290,000	$72,500	$0	0.00%
GULFPORT-BILOXI, MS (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	0.00%

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

Their top states include:

Alabama (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Mississippi (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	136	$26,810,000	$197,132	$0	0.00%

For 2022, United Bank's most frequently originated type of loan was Conventional, with 136 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	71	$15,235,000	$214,577	$0	0.00%
Refi	50	$9,270,000	$185,400	$0	0.00%
Cash Out Refi	8	$870,000	$108,750	$0	0.00%
Home Improvement	4	$890,000	$222,500	$0	0.00%
Other	3	$545,000	$181,667	$0	0.00%

For 2022, United Bank's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Refi, with 50 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	136	$26,810,000	$197,132	$0	0.00%

For 2022, United Bank's most frequently cited loan duration was Other, with 136 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	52	$2,680,000	$51,538	$0	0.00%
$200k-400k	48	$13,450,000	$280,208	$0	0.00%
$100k-200k	26	$3,770,000	$145,000	$0	0.00%
$400k-600k	6	$2,700,000	$450,000	$0	0.00%
$1MM+	3	$3,605,000	$1,201,667	$0	0.00%
$600k-1MM	1	$605,000	$605,000	$0	0.00%

2022 saw United Bank place emphasis on $100,000 or less loans with 52 originations, totaling $2,680,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	25	$7,395,000	$295,800	$0	0.00%
$50k or less	23	$1,575,000	$68,478	$0	0.00%
$50k-75k	21	$2,535,000	$120,714	$0	0.00%
$100k-150k	19	$3,115,000	$163,947	$0	0.00%
$75k-100k	19	$3,035,000	$159,737	$0	0.00%
$250k+	2	$590,000	$295,000	$0	0.00%

United Bank lent most frequently to those with incomes in the $150k-250k range, with 25 originations. The second most popular income band? $50k or less, with 23 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	136	$26,810,000	$197,132	$0	0.00%

United Bank lent most frequently to those with DTI ratios of Exempt%, with 136 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	96	$16,210,000	$168,854	$0	0.00%
Not applicable	25	$8,475,000	$339,000	$0	0.00%
Black	10	$1,230,000	$123,000	$0	0.00%
American Indian	2	$520,000	$260,000	$0	0.00%
Not provided	2	$300,000	$150,000	$0	0.00%
Native Hawaiian or Islander	1	$75,000	$75,000	$0	0.00%

Approval Rates

Total approvals of all applications
77.86%

United Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
43.38%

United Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	136	$26,810,000	$197,132

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	136	$26,810,000	$197,132

Complaints

Bank Name	Product	Issue	2022 CPFB Complaints	% of Total Issues
UNITED COMMUNITY BANK	Conventional home mortgage	Closing on a mortgage	1	100.0%