United Mortgage Rates, Fees & Info
Saint Joseph, MILEI: 549300PKEQ3Q9S0IXW76
Tax ID: 38-1393400
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Mortgage Data
Review & Overview
United is a smaller mortgage company specializing in Home Improvement and Home Purchase 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Reno, Niles, Asheville, Fayetteville, and Grand Rapids among others. We have data for 148 markets. (Some data included below & more in-depth data is available with an active subscription.)United 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. United is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.05% | 9/25/23 |
| 30 Year Conventional Purchase | 6.84% | 9/25/23 |
| 30 Year Conventional Refi | 6.61% | 9/25/23 |
| 30 Year Cash-out Refi | 6.97% | 9/25/23 |
| 30 Year FHA Purchase | 7.63% | 9/25/23 |
| 30 Year FHA Refi | 7.41% | 9/25/23 |
| 30 Year VA Purchase | 6.44% | 9/25/23 |
| 30 Year USDA Purchase | 7.10% | 9/25/23 |
| 15 Year Conventional Purchase | 6.31% | 9/25/23 |
| 15 Year Conventional Refi | 6.34% | 9/25/23 |
| 15 Year Cash-out Refi | 6.34% | 9/25/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
United Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,069Origination Dollar Volume (All Markets)
$785,535,000Awards
UNITED - 2022
UNITED is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
United's average 30 year fixed mortgage rate was
4.99%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.23%.
Relative Fees (Closing Costs)
United's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,719.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| RENO, NV (FHA|USDA|VA) | 628 | $144,780,000 | $230,541 | $5,368 | 4.97% |
| NILES, MI (FHA|USDA|VA) | 866 | $129,000,000 | $148,961 | $3,506 | 4.92% |
| ASHEVILLE, NC (FHA|USDA|VA) | 433 | $120,675,000 | $278,695 | $5,479 | 4.95% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 247 | $61,215,000 | $247,834 | $4,929 | 5.12% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 193 | $31,345,000 | $162,409 | $4,249 | 5.12% |
| Outside of Metro Areas | 174 | $30,250,000 | $173,851 | $4,521 | 5.10% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 235 | $30,055,000 | $127,894 | $3,186 | 5.02% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 239 | $27,545,000 | $115,251 | $3,278 | 5.38% |
| Fernley, NV (FHA|USDA|VA) | 94 | $17,860,000 | $190,000 | $4,587 | 5.01% |
| CARSON CITY, NV (FHA|USDA|VA) | 79 | $17,335,000 | $219,430 | $4,760 | 4.81% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 50 | $15,850,000 | $317,000 | $6,027 | 4.99% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 101 | $14,175,000 | $140,347 | $4,122 | 5.09% |
| Holland, MI (FHA|USDA|VA) | 80 | $12,270,000 | $153,375 | $3,270 | 5.17% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 30 | $9,840,000 | $328,000 | $7,208 | 5.52% |
| Marion, OH (FHA|USDA|VA) | 116 | $9,280,000 | $80,000 | $2,914 | 5.44% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 48 | $8,550,000 | $178,125 | $3,413 | 5.27% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 43 | $8,155,000 | $189,651 | $3,655 | 5.76% |
| Brevard, NC (FHA|USDA|VA) | 16 | $4,960,000 | $310,000 | $5,237 | 5.22% |
| Fallon, NV (FHA|USDA|VA) | 19 | $4,915,000 | $258,684 | $4,357 | 5.08% |
| Marion, NC (FHA|USDA|VA) | 5 | $4,645,000 | $929,000 | $8,152 | 4.50% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 20 | $4,210,000 | $210,500 | $4,238 | 5.51% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 13 | $3,925,000 | $301,923 | $5,681 | 5.16% |
| Forest City, NC (FHA|USDA|VA) | 14 | $3,690,000 | $263,571 | $4,424 | 4.97% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 13 | $2,835,000 | $218,077 | $3,875 | 5.33% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 13 | $2,825,000 | $217,308 | $2,701 | 4.97% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $2,600,000 | $325,000 | $5,204 | 5.72% |
| Elko, NV (FHA|USDA|VA) | 13 | $2,515,000 | $193,462 | $4,745 | 5.37% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 10 | $2,480,000 | $248,000 | $2,285 | 4.89% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $2,330,000 | $582,500 | $5,722 | 5.19% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 13 | $2,255,000 | $173,462 | $4,614 | 4.76% |
| COLUMBUS, OH (FHA|USDA|VA) | 19 | $1,875,000 | $98,684 | $3,042 | 5.88% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $1,680,000 | $420,000 | $7,575 | 5.44% |
| MADERA, CA (FHA|USDA|VA) | 4 | $1,670,000 | $417,500 | $6,442 | 4.13% |
| PANAMA CITY, FL (FHA|USDA|VA) | 5 | $1,665,000 | $333,000 | $4,984 | 4.83% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,515,000 | $505,000 | $6,090 | 4.25% |
| Seneca, SC (FHA|USDA|VA) | 4 | $1,440,000 | $360,000 | $4,869 | 4.66% |
| TULSA, OK (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $7,585 | 4.52% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,435,000 | $478,333 | $18,352 | 4.71% |
| Boone, NC (FHA|USDA|VA) | 1 | $1,225,000 | $1,225,000 | $7,614 | 4.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $1,215,000 | $1,215,000 | $8,533 | 6.50% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $1,215,000 | $1,215,000 | $8,661 | 4.75% |
| MUSKEGON, MI (FHA|USDA|VA) | 11 | $1,205,000 | $109,545 | $4,061 | 5.27% |
| KNOXVILLE, TN (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $4,772 | 4.98% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $4,726 | 3.94% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $10,784 | 5.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $4,937 | 5.21% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $4,923 | 4.25% |
| Winnemucca, NV (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $10,643 | 5.33% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $4,285 | 4.81% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $2,556 | 6.00% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 9 | $775,000 | $86,111 | $4,025 | 5.68% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 6 | $750,000 | $125,000 | $0 | 5.04% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $7,049 | 5.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $0 | 4.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 5 | $715,000 | $143,000 | $3,366 | 4.70% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $5,825 | 6.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,911 | 7.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $7,258 | 6.25% |
| Cullowhee, NC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $4,029 | 4.46% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $2,488 | 3.67% |
| Warsaw, IN (FHA|USDA|VA) | 5 | $605,000 | $121,000 | $6,079 | 6.85% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $3,030 | 3.38% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 6 | $580,000 | $96,667 | $3,241 | 6.77% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,241 | 5.44% |
| Moultrie, GA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,748 | 3.88% |
| Russellville, AR (FHA|USDA|VA) | 5 | $535,000 | $107,000 | $2,693 | 5.90% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,833 | 3.88% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $9,938 | 5.13% |
| IOWA CITY, IA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $6,316 | 4.56% |
| Plymouth, IN (FHA|USDA|VA) | 5 | $505,000 | $101,000 | $3,117 | 5.83% |
| Muskogee, OK (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,402 | 5.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $3,767 | 4.04% |
| Findlay, OH (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $9,098 | 4.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $6,223 | 5.71% |
| MANSFIELD, OH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $7,747 | 6.38% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $11,228 | 3.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,899 | 3.38% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $8,048 | 4.38% |
| YUMA, AZ (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,447 | 5.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $2,952 | 5.04% |
| Ashland, OH (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,376 | 5.25% |
| MORRISTOWN, TN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,962 | 5.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,184 | 4.75% |
| Torrington, CT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,870 | 6.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,952 | 4.00% |
| Marquette, MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,182 | 6.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,730 | 6.50% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,721 | 3.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,966 | 5.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,594 | 5.50% |
| Coldwater, MI (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,148 | 5.56% |
| SPARTANBURG, SC (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $1,734 | 4.17% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,923 | 5.50% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,503 | 2.63% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,359 | 3.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,467 | 3.88% |
| Pahrump, NV (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,857 | 6.56% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,276 | 3.01% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 6.28% |
| Searcy, AR (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,481 | 3.31% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,887 | 7.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,610 | 4.63% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.50% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,152 | 5.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,897 | 5.25% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 6.25% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 7.00% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 5.33% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,388 | 2.75% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,670 | 4.06% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,852 | 6.13% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,787 | 3.50% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.25% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,165 | 4.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,698 | 6.88% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,937 | 4.50% |
| JACKSON, MI (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $2,815 | 5.06% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,267 | 3.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 6.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 6.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,065 | 6.75% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,542 | 4.63% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,016 | 4.38% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,437 | 6.13% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,739 | 4.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,125 | 6.50% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.75% |
| Shelby, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.75% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,615 | 3.25% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.25% |
| Vernon, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,554 | 6.25% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.75% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.50% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.25% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.30% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,980 | 2.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.25% |
| Escanaba, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.00% |
| Danville, VA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.20% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.50% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.25% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against UNITED based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2022, United's most frequently originated type of loan was Conventional, with 2,511 originations. Their 2nd most popular type was HELOC, with 1,474 originations.
Loan Reason
For 2022, United's most frequently cited loan purpose was Home Improvement, with 1,362 originations. The 2nd most popular reason was Home Purchase, with 1,328 originations.
Loan Duration/Length
For 2022, United's most frequently cited loan duration was 10 Year, with 1,699 originations. The 2nd most popular length was 30 Year, with 1,585 originations.
Origination Fees/Closing Costs
United's average total fees were $4,719, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,168 originations.
Interest Rates
During 2022, United's average interest rate for loans was 4.99%, while their most frequently originated rate bucket for loans was 4-5%, with 1,118 originations.
Loan Sizing
2022 saw United place emphasis on $100,000 or less loans with 1,682 originations, totaling $84,440,000 in origination value.
Applicant Income
United lent most frequently to those with incomes in the $50k-75k range, with 940 originations. The second most popular income band? $100k-150k, with 898 originations.
Applicant Debt to Income Ratio
United lent most frequently to those with DTI ratios of 20-30%, with 807 originations. The next most common DTI ratio? 30-36%, with 715 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.53%
United has a below average approval rate.
Pick Rate
Approvals leading to origination69.85%
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 | 4,069 | $785,535,000 | $193,054 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |