United Mortgage Rates, Fees & Info
Saint Joseph, MILEI: 549300PKEQ3Q9S0IXW76
Tax ID: 38-1393400
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
United is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. United has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Reno, Niles, Asheville, South Bend, and Fort Smith among others. United has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. United is typically an average fee lendor.Originations
5,178Origination Dollar Volume (All Markets)
$962,010,000Awards
UNITED - 2021
UNITED is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
United's average 30 year fixed rate mortgage of loans were
3.22%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.07%.
Relative Fees
United's average total fees for a 30 year fixed rate
mortgage are $3,797.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| RENO, NV (FHA|USDA|VA) | 874 | $213,700,000 | $244,508 | $4,459 | 3.60% |
| NILES, MI (FHA|USDA|VA) | 1,222 | $183,160,000 | $149,885 | $3,339 | 3.32% |
| ASHEVILLE, NC (FHA|USDA|VA) | 478 | $126,210,000 | $264,038 | $4,522 | 3.35% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 407 | $60,575,000 | $148,833 | $3,239 | 3.35% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 373 | $48,095,000 | $128,941 | $3,307 | 3.35% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 226 | $47,270,000 | $209,159 | $3,923 | 3.46% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 221 | $35,075,000 | $158,710 | $2,814 | 3.31% |
| Outside of Metro Areas | 191 | $28,715,000 | $150,340 | $3,706 | 3.44% |
| CARSON CITY, NV (FHA|USDA|VA) | 106 | $23,320,000 | $220,000 | $4,621 | 3.51% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 150 | $21,840,000 | $145,600 | $3,400 | 3.29% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 60 | $18,690,000 | $311,500 | $5,530 | 3.44% |
| Fernley, NV (FHA|USDA|VA) | 82 | $18,040,000 | $220,000 | $4,471 | 3.56% |
| Holland, MI (FHA|USDA|VA) | 97 | $15,465,000 | $159,433 | $3,104 | 3.50% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 59 | $10,065,000 | $170,593 | $3,184 | 3.39% |
| Marion, OH (FHA|USDA|VA) | 122 | $9,640,000 | $79,016 | $3,051 | 3.69% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 76 | $9,640,000 | $126,842 | $3,243 | 3.70% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 21 | $5,575,000 | $265,476 | $3,870 | 3.24% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 8 | $4,850,000 | $606,250 | $6,019 | 3.50% |
| Brevard, NC (FHA|USDA|VA) | 17 | $4,175,000 | $245,588 | $4,184 | 3.14% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 18 | $4,070,000 | $226,111 | $3,245 | 3.38% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 5 | $2,965,000 | $593,000 | $18,435 | 4.00% |
| Fallon, NV (FHA|USDA|VA) | 14 | $2,860,000 | $204,286 | $4,724 | 3.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $2,440,000 | $406,667 | $4,268 | 3.71% |
| Forest City, NC (FHA|USDA|VA) | 10 | $2,430,000 | $243,000 | $4,386 | 3.36% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 19 | $2,375,000 | $125,000 | $3,673 | 3.55% |
| COLUMBUS, OH (FHA|USDA|VA) | 21 | $2,255,000 | $107,381 | $3,135 | 3.71% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 10 | $2,190,000 | $219,000 | $4,454 | 3.98% |
| Cullowhee, NC (FHA|USDA|VA) | 3 | $1,905,000 | $635,000 | $5,861 | 3.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 5 | $1,725,000 | $345,000 | $3,856 | 3.25% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $1,660,000 | $830,000 | $5,897 | 3.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 11 | $1,615,000 | $146,818 | $3,337 | 3.35% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 4 | $1,610,000 | $402,500 | $4,725 | 3.13% |
| Elko, NV (FHA|USDA|VA) | 8 | $1,420,000 | $177,500 | $4,301 | 3.13% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $6,800 | 3.75% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 8 | $1,300,000 | $162,500 | $3,743 | 3.91% |
| Plymouth, IN (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $6,202 | 3.69% |
| Traverse City, MI (FHA|USDA|VA) | 5 | $1,195,000 | $239,000 | $3,995 | 3.03% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $5,008 | 4.19% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $4,543 | 3.08% |
| Sevierville, TN (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $4,671 | 2.83% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $3,778 | 3.10% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $1,015,000 | $1,015,000 | $10,398 | 3.88% |
| MUSKEGON, MI (FHA|USDA|VA) | 10 | $1,000,000 | $100,000 | $3,682 | 3.41% |
| Marion, NC (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $2,741 | 3.94% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $3,780 | 3.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $4,193 | 3.34% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $2,937 | 2.90% |
| Findlay, OH (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $7,781 | 2.44% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 6 | $820,000 | $136,667 | $2,217 | 2.98% |
| TULSA, OK (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $5,269 | 2.65% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $4,591 | 3.13% |
| Harrison, AR (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $4,699 | 3.31% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $3,190 | 3.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $3,104 | 3.19% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $660,000 | $110,000 | $6,049 | 3.10% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $10,589 | 3.13% |
| SPARTANBURG, SC (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $2,912 | 3.71% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,195 | 3.31% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,121 | 2.69% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $2,925 | 3.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $3,662 | 3.25% |
| Sturgis, MI (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $2,891 | 3.31% |
| MONROE, MI (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,143 | 3.13% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $15,900 | 2.75% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,928 | 2.81% |
| TOLEDO, OH (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $3,340 | 3.25% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $2,777 | 4.33% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $1,954 | 3.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $2,418 | 2.83% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,767 | 2.56% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $0 | 3.84% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $2,598 | 2.88% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $2,361 | 3.03% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,886 | 3.13% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,603 | 2.56% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,432 | 3.25% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,326 | 3.75% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,109 | 2.88% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $4,786 | 3.25% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,366 | 3.13% |
| Kendallville, IN (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $4,201 | 3.75% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,407 | 3.13% |
| OCALA, FL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,910 | 2.50% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,074 | 3.38% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,078 | 3.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,640 | 3.13% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,011 | 3.88% |
| Mount Pleasant, MI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,638 | 2.38% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,904 | 3.25% |
| Mountain Home, AR (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,170 | 2.88% |
| LAS CRUCES, NM (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $1,606 | 3.71% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,479 | 2.88% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,761 | 3.38% |
| Urbana, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,934 | 3.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,073 | 2.75% |
| Russellville, AR (FHA|USDA|VA) | 4 | $270,000 | $67,500 | $3,560 | 3.41% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,606 | 2.88% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,816 | 2.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,040 | 3.00% |
| MANSFIELD, OH (FHA|USDA|VA) | 4 | $240,000 | $60,000 | $3,115 | 4.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,139 | 2.63% |
| JOPLIN, MO (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $2,337 | 3.54% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,236 | 2.25% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,030 | 2.75% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,756 | 2.75% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,949 | 3.38% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,909 | 2.88% |
| Lake City, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,991 | 3.00% |
| Miami, OK (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,409 | 3.19% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 4.13% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,044 | 3.13% |
| Sonora, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,826 | 4.00% |
| Warsaw, IN (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,508 | 4.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,879 | 2.88% |
| Winnemucca, NV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,352 | 3.38% |
| Susanville, CA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $3,218 | 3.44% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,969 | 2.63% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,738 | 2.75% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,794 | 5.50% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,168 | 3.25% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,139 | 3.38% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,576 | 2.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,452 | 2.88% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,233 | 3.25% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,760 | 2.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,073 | 2.75% |
| Alpena, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,085 | 3.25% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,644 | 3.13% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,271 | 2.88% |
| Adrian, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.50% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,025 | 2.75% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,526 | 2.25% |
| North Wilkesboro, NC (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $1,870 | 4.46% |
| Branson, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.99% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,730 | 3.38% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,180 | 2.88% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,818 | 2.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.25% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,152 | 2.75% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.50% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,524 | 3.13% |
| Shelby, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,533 | 3.13% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.50% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,511 | 3.88% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,546 | 2.63% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,752 | 2.38% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.50% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.50% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.75% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.50% |
| Ludington, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.25% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.25% |
| AKRON, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.75% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.55% |
United's top markets include Reno, Niles, Asheville, South Bend, and Fort Smith among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 5,020 | $932,250,000 | $185,707 | $3,618 | 3.43% |
| FHA | 128 | $24,010,000 | $187,578 | $6,527 | 2.97% |
| USDA | 19 | $3,595,000 | $189,211 | $5,059 | 2.97% |
| VA | 11 | $2,155,000 | $195,909 | $6,158 | 2.83% |
For the 2021 period, United's most frequently originated loan type of loans were Conventional, with 5,020 originations. Their 2nd most popular type is FHA, with 128 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,328 | $323,860,000 | $243,870 | $4,112 | 3.21% |
| Refi | 1,262 | $237,870,000 | $188,487 | $3,041 | 2.92% |
| Home Improvement | 1,129 | $143,805,000 | $127,374 | $5,366 | 4.09% |
| Cash Out Refi | 1,084 | $222,580,000 | $205,332 | $3,829 | 3.30% |
| Other | 375 | $33,895,000 | $90,387 | $2,752 | 4.14% |
For the 2021, United's most frequently cited loan purpose of loans were Home Purchase, with 1,328 originations. The 2nd most popular reason of loans were Refi, with 1,262 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 2,328 | $549,490,000 | $236,035 | $3,797 | 3.22% |
| 10 Year | 1,559 | $119,655,000 | $76,751 | $1,762 | 4.05% |
| 15 Year | 800 | $129,010,000 | $161,263 | $2,834 | 2.85% |
| 20 Year | 266 | $46,710,000 | $175,602 | $3,264 | 3.01% |
| 30+ year | 182 | $106,370,000 | $584,451 | $9,350 | 3.47% |
| 5 Year | 23 | $2,915,000 | $126,739 | $0 | 4.52% |
| Other | 20 | $7,860,000 | $393,000 | $5,749 | 2.98% |
For the 2021, United's most frequently cited loan length of loans were 30 Year, with 2,328 originations. The 2nd most popular length of loans were 10 Year, with 1,559 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1,921 | $386,275,000 | $201,080 |
| $1k-2k | 1,098 | $200,090,000 | $182,231 |
| $2k-3k | 394 | $145,510,000 | $369,315 |
| $3k-4k | 179 | $61,835,000 | $345,447 |
| $5k+ | 92 | $46,020,000 | $500,217 |
$3,797 of loans were United's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,921 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 2,380 | $497,790,000 | $209,155 |
| 2.5-3% | 1,460 | $301,680,000 | $206,630 |
| 4-5% | 573 | $59,905,000 | $104,546 |
| <2.5% | 536 | $90,760,000 | $169,328 |
| 5-6% | 111 | $6,365,000 | $57,342 |
| 6-7% | 74 | $3,650,000 | $49,324 |
| 7-8% | 29 | $1,395,000 | $48,103 |
| Over 8% | 15 | $465,000 | $31,000 |
During 2021, United's average interest rate of loans were 3.22%, while their most frequently originated rate bucket of loans were 3-4%, with 2,380 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 1,760 | $93,820,000 | $53,307 | $2,292 | 3.87% |
| $100k-200k | 1,696 | $245,750,000 | $144,900 | $3,243 | 3.19% |
| $200k-400k | 1,304 | $358,600,000 | $275,000 | $4,122 | 3.15% |
| $400k-600k | 279 | $134,655,000 | $482,634 | $5,828 | 3.13% |
| $600k-1MM | 96 | $72,390,000 | $754,063 | $7,175 | 3.46% |
| $1MM+ | 43 | $56,795,000 | $1,320,814 | $11,463 | 3.56% |
2021 saw United place emphasis on $100,000 or less loans with 1,760 originations, totaling $93,820,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 1,233 | $176,565,000 | $143,200 | $3,429 | 3.43% |
| $50k or less | 1,189 | $125,855,000 | $105,849 | $3,077 | 3.33% |
| $100k-150k | 945 | $200,085,000 | $211,730 | $4,069 | 3.42% |
| $75k-100k | 896 | $155,700,000 | $173,772 | $3,632 | 3.49% |
| $150k-250k | 580 | $159,510,000 | $275,017 | $4,550 | 3.46% |
| $250k+ | 241 | $125,555,000 | $520,975 | $6,837 | 3.45% |
United lent most frequently to those with incomes in the $50k-75k range, with 1,233 originations. The second most popular income band? $50k or less, with 1,189 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,270 | $223,310,000 | $175,835 | $3,405 | 3.31% |
| 30-36% | 982 | $179,060,000 | $182,342 | $3,697 | 3.41% |
| <20% | 491 | $77,375,000 | $157,587 | $3,143 | 3.16% |
| 39% | 198 | $37,870,000 | $191,263 | $4,282 | 3.55% |
| 44% | 197 | $41,935,000 | $212,868 | $3,753 | 3.50% |
| 42% | 196 | $45,190,000 | $230,561 | $4,083 | 3.43% |
| 41% | 194 | $38,130,000 | $196,546 | $4,105 | 3.57% |
| 38% | 193 | $39,535,000 | $204,845 | $4,136 | 3.58% |
| 43% | 174 | $35,920,000 | $206,437 | $4,050 | 3.57% |
| 40% | 169 | $35,005,000 | $207,130 | $4,195 | 3.38% |
| 45% | 160 | $30,490,000 | $190,563 | $4,133 | 3.59% |
| 37% | 157 | $33,045,000 | $210,478 | $3,921 | 3.49% |
| 36% | 148 | $30,110,000 | $203,446 | $3,673 | 3.57% |
| 47% | 138 | $25,170,000 | $182,391 | $3,964 | 3.43% |
| 46% | 126 | $25,290,000 | $200,714 | $4,418 | 3.36% |
| 49% | 123 | $24,915,000 | $202,561 | $4,306 | 3.47% |
| 48% | 117 | $22,025,000 | $188,248 | $3,855 | 3.40% |
| 50-60% | 96 | $11,380,000 | $118,542 | $4,129 | 3.90% |
| >60% | 32 | $3,130,000 | $97,813 | $0 | 3.98% |
United lent most frequently to those with DTI ratios of 20-30%, with 1,270 originations. The next most common DTI ratio? 30-36%, with 982 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 4,103 | $783,355,000 | $190,922 | $3,729 | 3.36% |
| Not provided | 725 | $109,335,000 | $150,807 | $3,675 | 3.75% |
| Asian | 131 | $35,535,000 | $271,260 | $4,391 | 3.18% |
| Black | 151 | $23,445,000 | $155,265 | $3,602 | 3.62% |
| American Indian | 50 | $7,050,000 | $141,000 | $3,490 | 3.07% |
| Not applicable | 11 | $1,885,000 | $171,364 | $0 | 4.55% |
| Native Hawaiian | 7 | $1,405,000 | $200,714 | $3,225 | 3.41% |
Approval Rates
Total approvals of all applications87.07%
United has an average approval rate.
Pick Rate
Approvals leading to origination68.85%
United 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 |
|---|---|---|---|
| NA | 5,178 | $962,010,000 | $185,788 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5,178 | $962,010,000 | $185,788 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 741 | $81,285,000 | $109,696 | $2,774 | 3.57% |
| 40-60% | 848 | $153,830,000 | $181,403 | $3,147 | 2.99% |
| 60-80% | 1,456 | $365,170,000 | $250,804 | $4,028 | 3.17% |
| 80-100% | 1,219 | $316,365,000 | $259,528 | $4,317 | 3.26% |
| Over 100% | 3 | $635,000 | $211,667 | $8,298 | 2.88% |
| Under 20% | 911 | $44,725,000 | $49,094 | $424 | 4.30% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 20.0% |
| UNITED COMMUNITY BANK | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| UNITED COMMUNITY BANK | Other type of mortgage | Trouble during payment process | 1 | 20.0% |
| UNITED COMMUNITY BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| UNITED COMMUNITY BANK | Conventional home mortgage | Trouble during payment process | 1 | 20.0% |
