United Cumberland Bank Mortgage Rates, Fees & Info
Whitley City, KYLEI: 549300PLQ5DT613TXQ48
Tax ID: 61-0126276
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
United Cumberland Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. United Cumberland Bank has a high proportion of conventional loans. Their top markets by origination volume include: Somerset, Nashville, Knoxville, Richmond, and Lexington among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)United Cumberland Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
235Origination Dollar Volume (All Markets)
$33,955,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 183 | $21,275,000 | $116,257 | $0 | 0.00% |
| Somerset, KY (FHA|USDA|VA) | 38 | $8,810,000 | $231,842 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $1,510,000 | $755,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $0 | 0.00% |
| Richmond-Berea, KY (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| London, KY (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 235 | $33,955,000 | $144,489 | $0 | 0.00% |
For 2023, United Cumberland Bank's most frequently originated type of loan was Conventional, with 235 originations.
Loan Reason
For 2023, United Cumberland Bank's most frequently cited loan purpose was Cash Out Refi, with 94 originations. The 2nd most popular reason was Home Purchase, with 82 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 235 | $33,955,000 | $144,489 | $0 | 0.00% |
For 2023, United Cumberland Bank's most frequently cited loan duration was Other, with 235 originations.
Loan Sizing
2023 saw United Cumberland Bank place emphasis on $100,000 or less loans with 125 originations, totaling $6,705,000 in origination value.
Applicant Income
United Cumberland Bank lent most frequently to those with incomes in the $50k or less range, with 71 originations. The second most popular income band? $50k-75k, with 50 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 235 | $33,955,000 | $144,489 | $0 | 0.00% |
United Cumberland Bank lent most frequently to those with DTI ratios of Exempt%, with 235 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.58%
United Cumberland Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination98.30%
United Cumberland Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 235 | $33,955,000 | $144,489 |