United Mortgage Rates, Fees & Info

Saint Joseph, MI

LEI: 549300PKEQ3Q9S0IXW76

Tax ID: 38-1393400

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

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    • Review & 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. 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, South Bend, and Fort Smith among others. We have data for 160 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 a low 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% 4/18/24
    30 Year Conventional Purchase 6.84% 4/18/24
    30 Year Conventional Refi 6.61% 4/18/24
    30 Year Cash-out Refi 6.97% 4/18/24
    30 Year FHA Purchase 7.63% 4/18/24
    30 Year FHA Refi 7.41% 4/18/24
    30 Year VA Purchase 6.44% 4/18/24
    30 Year USDA Purchase 7.10% 4/18/24
    15 Year Conventional Purchase 6.31% 4/18/24
    15 Year Conventional Refi 6.34% 4/18/24
    15 Year Cash-out Refi 6.34% 4/18/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from United. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    5,178

    Origination Dollar Volume (All Markets)

    $962,010,000

    Awards

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

    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) 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, KY (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.

    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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,667 $832,135,000 $226,925 $3,618 3.18%
    HELOC 1,353 $100,115,000 $73,995 n/a 4.11%
    FHA 127 $23,985,000 $188,858 $6,527 2.96%
    USDA 19 $3,595,000 $189,211 $5,059 2.97%
    VA 11 $2,155,000 $195,909 $6,158 2.83%
    FHA 1 $25,000 $25,000 $0 4.50%

    For 2021, United's most frequently originated type of loan was Conventional, with 3,667 originations. Their 2nd most popular type was HELOC, with 1,353 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, United's most frequently cited loan purpose was Home Purchase, with 1,328 originations. The 2nd most popular reason was 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 2021, United's most frequently cited loan duration was 30 Year, with 2,328 originations. The 2nd most popular length was 10 Year, with 1,559 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 132 $40,100,000 $303,788
    $5k+ 92 $46,020,000 $500,217
    $4k-5k 47 $21,735,000 $462,447

    United's average total fees were $3,797, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.22%, while their most frequently originated rate bucket for loans was 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 or Islander 7 $1,405,000 $200,714 $3,225 3.41%

    Approval Rates

    Total approvals of all applications
    88.74%

    United has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.32%

    United has a below average pick rate.

    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%