United Mortgage Rates, Fees & Info

Saint Joseph, MI

LEI: 549300PKEQ3Q9S0IXW76

Tax ID: 38-1393400

5 stars - out of 5 stars, based on 64 reviews

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

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Mortgage Data

  • SimulatedRates™
  • 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 7.05% 3/30/23
    30 Year Conventional Purchase 6.84% 3/30/23
    30 Year Conventional Refi 6.61% 3/30/23
    30 Year Cash-out Refi 6.97% 3/30/23
    30 Year FHA Purchase 7.63% 3/30/23
    30 Year FHA Refi 7.41% 3/30/23
    30 Year VA Purchase 6.44% 3/30/23
    30 Year USDA Purchase 7.10% 3/30/23
    15 Year Conventional Purchase 6.31% 3/30/23
    15 Year Conventional Refi 6.34% 3/30/23
    15 Year Cash-out Refi 6.34% 3/30/23
    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.


    Originations

    4,069

    Origination Dollar Volume (All Markets)

    $785,535,000

    Awards

    UNITED 30 Year Conventional Loans bronze UNITED FHA Loans silver UNITED FHA Loans silver
    Show all (3) awards

    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/JEFFERSON COUNTY, KY-IN (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%
    United's top markets include Reno, Niles, Asheville, Fayetteville, and Grand Rapids among others.

    Their top states include:
  • Nevada (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • 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.

    First Savings Bank of Hegewisch
    Similarity Rank: 30
    Chiphone Federal Credit Union
    Similarity Rank: 74
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 77
    Liberty Bank for Savings
    Similarity Rank: 153
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 255
    KALSEE CREDIT UNION
    Similarity Rank: 310
    Community West Credit Union
    Similarity Rank: 340
    Great Basin Federal Credit Union
    Similarity Rank: 348
    PREFERRED CREDIT UNION
    Similarity Rank: 380
    Truity Federal Credit Union
    Similarity Rank: 408

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,511 $644,175,000 $256,541 $4,156 4.91%
    HELOC 1,474 $123,050,000 $83,480 n/a 5.32%
    FHA 66 $14,600,000 $221,212 $9,338 5.18%
    USDA 12 $1,860,000 $155,000 $5,745 4.55%
    VA 5 $1,745,000 $349,000 $18,746 4.83%
    FHA 1 $105,000 $105,000 $0 4.75%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,362 $182,480,000 $133,979 $4,059 5.25%
    Home Purchase 1,328 $378,590,000 $285,083 $4,900 5.14%
    Cash Out Refi 557 $127,255,000 $228,465 $4,702 4.49%
    Other 509 $49,235,000 $96,729 $1,208 5.47%
    Refi 313 $47,975,000 $153,275 $3,271 4.30%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 1,699 $136,155,000 $80,138 $395 5.31%
    30 Year 1,585 $437,875,000 $276,262 $4,719 4.99%
    15 Year 418 $55,870,000 $133,660 $1,921 4.54%
    30+ year 226 $128,470,000 $568,451 $10,098 4.94%
    20 Year 78 $12,260,000 $157,179 $3,731 4.29%
    5 Year 33 $3,005,000 $91,061 $0 4.94%
    Other 25 $9,175,000 $367,000 $5,781 4.85%
    3 Year 5 $2,725,000 $545,000 $0 6.30%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,168 $225,280,000 $192,877
    $1k-2k 549 $110,025,000 $200,410
    $2k-3k 334 $134,430,000 $402,485
    $5k+ 193 $91,605,000 $474,637
    $3k-4k 130 $43,690,000 $336,077
    $4k-5k 75 $25,705,000 $342,733

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 1,118 $246,180,000 $220,197
    3-4% 990 $206,450,000 $208,535
    5-6% 945 $183,495,000 $194,175
    6-7% 546 $89,610,000 $164,121
    7-8% 244 $34,380,000 $140,902
    Over 8% 103 $5,005,000 $48,592
    2.5-3% 76 $13,700,000 $180,263
    <2.5% 47 $6,715,000 $142,872

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,682 $84,440,000 $50,202 $1,274 5.32%
    $100k-200k 989 $142,075,000 $143,655 $3,594 4.97%
    $200k-400k 971 $271,295,000 $279,398 $5,255 4.85%
    $400k-600k 252 $120,480,000 $478,095 $7,020 4.78%
    $600k-1MM 122 $90,280,000 $740,000 $8,642 4.59%
    $1MM+ 53 $76,965,000 $1,452,170 $12,603 4.68%

    2022 saw United place emphasis on $100,000 or less loans with 1,682 originations, totaling $84,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 940 $121,080,000 $128,809 $3,769 5.07%
    $100k-150k 898 $167,710,000 $186,759 $4,478 5.14%
    $75k-100k 672 $103,980,000 $154,732 $3,850 5.13%
    $50k or less 669 $64,835,000 $96,913 $3,260 5.00%
    $150k-250k 564 $154,900,000 $274,645 $5,208 5.03%
    $250k+ 272 $160,020,000 $588,309 $8,067 4.86%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 807 $143,385,000 $177,677 $3,945 4.86%
    30-36% 715 $134,715,000 $188,413 $4,070 5.09%
    <20% 333 $54,135,000 $162,568 $3,269 4.68%
    42% 187 $42,585,000 $227,727 $5,128 5.33%
    39% 175 $36,705,000 $209,743 $4,340 5.15%
    43% 168 $38,940,000 $231,786 $4,677 5.08%
    44% 163 $33,955,000 $208,313 $4,842 5.22%
    40% 163 $31,955,000 $196,043 $5,216 5.29%
    41% 160 $37,580,000 $234,875 $4,569 5.05%
    37% 157 $28,515,000 $181,624 $3,940 5.33%
    49% 135 $26,445,000 $195,889 $5,299 5.19%
    38% 130 $24,530,000 $188,692 $4,429 5.05%
    45% 124 $34,410,000 $277,500 $5,304 5.25%
    46% 124 $25,700,000 $207,258 $4,895 5.04%
    36% 124 $22,320,000 $180,000 $3,960 5.18%
    47% 123 $26,775,000 $217,683 $5,448 4.97%
    50-60% 123 $14,845,000 $120,691 $2,891 5.35%
    48% 110 $20,460,000 $186,000 $5,307 5.10%
    >60% 34 $2,730,000 $80,294 $780 5.05%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,148 $630,550,000 $200,302 $4,409 5.03%
    Not provided 656 $94,160,000 $143,537 $3,293 5.15%
    Asian 113 $32,235,000 $285,265 $5,477 5.05%
    Black 104 $16,200,000 $155,769 $4,791 5.29%
    American Indian 34 $9,500,000 $279,412 $4,973 5.20%
    Not applicable 8 $1,960,000 $245,000 $0 5.97%
    Native Hawaiian or Islander 6 $930,000 $155,000 $1,975 5.31%

    Approval Rates

    Total approvals of all applications
    80.53%

    United has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    69.85%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,069 $785,535,000 $193,054

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 635 $74,195,000 $116,843 $2,542 5.09%
    40-60% 422 $94,840,000 $224,739 $4,256 4.39%
    60-80% 735 $227,645,000 $309,721 $5,402 4.75%
    80-100% 1,047 $321,285,000 $306,862 $5,303 5.12%
    Over 100% 4 $1,060,000 $265,000 $15,496 5.34%
    Under 20% 1,226 $66,510,000 $54,250 $183 5.41%

    Complaints

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