United Cumberland Bank Mortgage Rates, Fees & Info

Whitley City, KY

LEI: 549300PLQ5DT613TXQ48

Tax ID: 61-0126276

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

Review & Overview

United Cumberland Bank is a smaller bank specializing in Home Purchase and Refi loans. United Cumberland Bank 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.) Their top markets by origination volume include: Somerset, Lexington, Knoxville, and Danville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

United Cumberland Bank 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.

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Originations

214

Origination Dollar Volume (All Markets)

$31,470,000

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
Outside of Metro Areas	190	$24,460,000	$128,737	$0	0.00%
Somerset, KY (FHA\|USDA\|VA)	9	$4,065,000	$451,667	$0	0.00%
LEXINGTON-FAYETTE, KY (FHA\|USDA\|VA)	6	$1,790,000	$298,333	$0	0.00%
KNOXVILLE, TN (FHA\|USDA\|VA)	8	$990,000	$123,750	$0	0.00%
Danville, KY (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	0.00%

United Cumberland Bank's top markets include Somerset, Lexington, Knoxville, and Danville among others.

Their top states include:

Kentucky (FHA|USDA|VA)

Tennessee (FHA|USDA|VA)

Virginia (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	213	$31,415,000	$147,488	$0	0.00%
FHA	1	$55,000	$55,000	$0	0.00%

For 2022, United Cumberland Bank's most frequently originated type of loan was Conventional, with 213 originations. Their 2nd most popular type was FHA, with 1 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	86	$13,830,000	$160,814	$0	0.00%
Refi	78	$12,150,000	$155,769	$0	0.00%
Cash Out Refi	30	$4,260,000	$142,000	$0	0.00%
Other	19	$1,215,000	$63,947	$0	0.00%
Home Improvement	1	$15,000	$15,000	$0	0.00%

For 2022, United Cumberland Bank's most frequently cited loan purpose was Home Purchase, with 86 originations. The 2nd most popular reason was Refi, with 78 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	214	$31,470,000	$147,056	$0	0.00%

For 2022, United Cumberland Bank's most frequently cited loan duration was Other, with 214 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	105	$5,325,000	$50,714	$0	0.00%
$100k-200k	73	$10,475,000	$143,493	$0	0.00%
$200k-400k	21	$5,775,000	$275,000	$0	0.00%
$400k-600k	8	$3,740,000	$467,500	$0	0.00%
$600k-1MM	4	$2,990,000	$747,500	$0	0.00%
$1MM+	3	$3,165,000	$1,055,000	$0	0.00%

2022 saw United Cumberland Bank place emphasis on $100,000 or less loans with 105 originations, totaling $5,325,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	63	$3,805,000	$60,397	$0	0.00%
$50k-75k	55	$5,595,000	$101,727	$0	0.00%
$75k-100k	27	$4,255,000	$157,593	$0	0.00%
$100k-150k	26	$5,070,000	$195,000	$0	0.00%
$150k-250k	14	$2,840,000	$202,857	$0	0.00%
$250k+	9	$5,125,000	$569,444	$0	0.00%

United Cumberland Bank lent most frequently to those with incomes in the $50k or less range, with 63 originations. The second most popular income band? $50k-75k, with 55 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	214	$31,470,000	$147,056	$0	0.00%

United Cumberland Bank lent most frequently to those with DTI ratios of Exempt%, with 214 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	192	$24,730,000	$128,802	$0	0.00%
Not applicable	17	$3,905,000	$229,706	$0	0.00%
Black	1	$1,125,000	$1,125,000	$0	0.00%
Asian	2	$860,000	$430,000	$0	0.00%
Asian Indian	1	$715,000	$715,000	$0	0.00%
Native Hawaiian or Islander	1	$135,000	$135,000	$0	0.00%

Approval Rates

Total approvals of all applications
84.32%

United Cumberland Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
86.92%

United Cumberland Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	214	$31,470,000	$147,056

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	214	$31,470,000	$147,056

Complaints

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