United Fidelity Bank Fsb Mortgage Rates, Fees & Info

Evansville, IN

LEI: 549300RV3BMT6ES6TO70

Tax ID: 35-0298350

5 stars - Updated: 6/23/24 - out of 5 stars, based on 6 reviews

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

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Mortgage Data

Review & Overview

United Fidelity Bank Fsb is a smaller bank specializing in Home Purchase and Refi loans. United Fidelity Bank Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Denver, Atlanta, Columbus, and Charlotte among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

United Fidelity Bank Fsb 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 Fidelity Bank Fsb 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 relatively high 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
30 Year Conventional Purchase 5.69% 6/23/24
30 Year Conventional Refi 6.40% 6/23/24
30 Year Cash-out Refi 4.91% 6/23/24
30 Year FHA Purchase 6.27% 6/23/24
30 Year VA Purchase 6.27% 6/23/24
15 Year Conventional Purchase 4.69% 6/23/24
15 Year Conventional Refi 6.23% 6/23/24
15 Year Cash-out Refi 6.23% 6/23/24
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 Fidelity Bank Fsb Mortgage Calculator






Your Estimates

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

This is not an official calculator from United Fidelity Bank Fsb. 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

41

Origination Dollar Volume (All Markets)

$445,295,000

Relative Rate

United Fidelity Bank Fsb's average 30 year fixed mortgage rate was 5.96%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.52%.

Relative Fees (Closing Costs)

United Fidelity Bank Fsb's average total fees/closing costs for a 30 year fixed rate mortgage were $2,845.

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 $9,089.

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
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 8 $183,240,000 $22,905,000 $0 4.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $90,240,000 $22,560,000 $0 4.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $59,000,000 $29,500,000 $0 4.00%
COLUMBUS, OH (FHA|USDA|VA) 3 $49,155,000 $16,385,000 $0 4.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $31,475,000 $10,491,667 $0 4.33%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $27,040,000 $13,520,000 $0 4.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 10 $1,650,000 $165,000 $2,366 6.73%
COLUMBIA, SC (FHA|USDA|VA) 1 $1,355,000 $1,355,000 $0 3.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $0 5.00%
Outside of Metro Areas 3 $375,000 $125,000 $1,643 7.58%
Effingham, IL (FHA|USDA|VA) 1 $205,000 $205,000 $3,188 6.63%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.50%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.50%
Taylorville, IL (FHA|USDA|VA) 1 $35,000 $35,000 $902 8.25%
United Fidelity Bank Fsb's top markets include Indianapolis, Denver, Atlanta, Columbus, and Charlotte among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 41 $445,295,000 $10,860,854 $2,150 5.25%

    For 2023, United Fidelity Bank Fsb's most frequently originated type of loan was Conventional, with 41 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 23 $332,605,000 $14,461,087 $3,118 4.78%
    Refi 8 $108,840,000 $13,605,000 $1,430 5.83%
    Cash Out Refi 7 $925,000 $132,143 $1,951 6.48%
    Home Improvement 3 $2,925,000 $975,000 $0 4.50%

    For 2023, United Fidelity Bank Fsb's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 24 $334,430,000 $13,934,583 $846 4.74%
    30 Year 7 $1,475,000 $210,714 $2,845 5.96%
    5 Year 5 $535,000 $107,000 $452 7.45%
    Other 4 $108,530,000 $27,132,500 $0 4.00%
    30+ year 1 $325,000 $325,000 $4,192 6.63%

    For 2023, United Fidelity Bank Fsb's most frequently cited loan duration was 10 Year, with 24 originations. The 2nd most popular length was 30 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 13 $1,985,000 $152,692

    United Fidelity Bank Fsb's average total fees were $2,845, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 13 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 22 $441,240,000 $20,056,364
    Over 8% 6 $560,000 $93,333
    4-5% 4 $1,880,000 $470,000
    6-7% 4 $1,080,000 $270,000
    5-6% 3 $475,000 $158,333
    7-8% 2 $60,000 $30,000

    During 2023, United Fidelity Bank Fsb's average interest rate for loans was 5.96%, while their most frequently originated rate bucket for loans was 3-4%, with 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 23 $442,545,000 $19,241,087 $0 4.02%
    $200k-400k 7 $1,835,000 $262,143 $3,117 6.09%
    $100,000 or less 6 $250,000 $41,667 $767 7.33%
    $100k-200k 5 $665,000 $133,000 $2,705 7.25%

    2023 saw United Fidelity Bank Fsb place emphasis on $1MM+ loans with 23 originations, totaling $442,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 5 $775,000 $155,000 $1,972 6.58%
    $100k-150k 4 $920,000 $230,000 $2,730 7.13%
    $50k or less 4 $330,000 $82,500 $2,104 5.88%
    $50k-75k 1 $25,000 $25,000 $852 7.50%

    United Fidelity Bank Fsb lent most frequently to those with incomes in the $75k-100k range, with 5 originations. The second most popular income band? $100k-150k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 4 $660,000 $165,000 $2,280 6.16%
    20-30% 3 $315,000 $105,000 $1,310 7.38%
    <20% 3 $135,000 $45,000 $852 6.75%
    50-60% 1 $205,000 $205,000 $3,188 6.63%
    37% 1 $325,000 $325,000 $4,192 6.63%
    40% 1 $105,000 $105,000 $2,512 5.13%
    41% 1 $305,000 $305,000 $3,300 7.00%

    United Fidelity Bank Fsb lent most frequently to those with DTI ratios of 30-36%, with 4 originations. The next most common DTI ratio? 20-30%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 27 $443,245,000 $16,416,481 $0 4.56%
    White 13 $1,985,000 $152,692 $2,150 6.76%
    Black 1 $65,000 $65,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    77.33%

    United Fidelity Bank Fsb has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    60.98%

    United Fidelity Bank Fsb 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 41 $445,295,000 $10,860,854

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    41 $445,295,000 $10,860,854

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $30,635,000 $6,127,000 $827 7.30%
    40-60% 5 $78,735,000 $15,747,000 $3,414 4.68%
    60-80% 15 $277,955,000 $18,530,333 $2,222 5.28%
    80-100% 3 $755,000 $251,667 $3,098 6.54%
    Under 20% 13 $57,215,000 $4,401,154 $452 4.37%