United Bank Mortgage Rates, Fees & Info
Zebulon, GA
LEI: 549300S61HFNW2YFEK61
Tax ID: 58-0153300
4.8 stars
-
out of 5 stars, based on 30 reviews
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Mortgage Data
Bank Data
Overview
United Bank is a
smaller
bank
specializing in
Home Purchase and Refi loans.
United 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.)
They have a low ratio of USDA loans.
Their top markets include Atlanta, Macon, Thomaston, Panama City, and Lagrange among others. United Bank has
an average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
United Bank is typically
an average fee
lendor.
Originations
875
Origination Dollar Volume (All Markets)
$160,775,000
Employee count
401
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United Bank - 2021
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Relative Rate
United Bank's average 30 year fixed rate mortgage of loans were
3.2%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.05%.
Relative Fees
United Bank's average total fees for a 30 year fixed rate
mortgage are $4,794.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)
|
614
|
$119,400,000 |
$194,463 |
$4,486 |
3.79% |
|
MACON-BIBB COUNTY, GA (FHA|USDA|VA)
|
82
|
$15,300,000 |
$186,585 |
$4,430 |
4.15% |
|
Thomaston, GA (FHA|USDA|VA)
|
118
|
$12,760,000 |
$108,136 |
$3,962 |
3.61% |
|
Outside of Metro Areas
|
21 |
$4,365,000 |
$207,857 |
$4,530 |
3.22% |
|
PANAMA CITY, FL (FHA|USDA|VA)
|
4
|
$1,440,000 |
$360,000 |
$5,972 |
4.16% |
|
LaGrange, GA-AL (FHA|USDA|VA)
|
7
|
$1,405,000 |
$200,714 |
$3,795 |
3.59% |
|
JACKSONVILLE, FL (FHA|USDA|VA)
|
2
|
$1,140,000 |
$570,000 |
$8,246 |
3.56% |
|
Milledgeville, GA (FHA|USDA|VA)
|
5
|
$825,000 |
$165,000 |
$8,679 |
4.64% |
|
WARNER ROBINS, GA (FHA|USDA|VA)
|
4
|
$710,000 |
$177,500 |
$4,341 |
4.25% |
|
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA)
|
1
|
$545,000 |
$545,000 |
$8,909 |
3.50% |
|
GAINESVILLE, GA (FHA|USDA|VA)
|
1
|
$515,000 |
$515,000 |
$6,314 |
2.38% |
|
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA)
|
2
|
$400,000 |
$200,000 |
$3,867 |
3.06% |
|
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA)
|
1
|
$335,000 |
$335,000 |
$5,018 |
4.38% |
|
Jefferson, GA (FHA|USDA|VA)
|
2
|
$320,000 |
$160,000 |
$3,965 |
3.63% |
|
AUBURN-OPELIKA, AL (FHA|USDA|VA)
|
1
|
$295,000 |
$295,000 |
$5,709 |
3.13% |
|
COLUMBUS, GA-AL (FHA|USDA|VA)
|
2
|
$250,000 |
$125,000 |
$0 |
4.69% |
|
Cordele, GA (FHA|USDA|VA)
|
1
|
$235,000 |
$235,000 |
$5,313 |
3.00% |
|
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA)
|
1
|
$155,000 |
$155,000 |
$4,115 |
3.00% |
|
Statesboro, GA (FHA|USDA|VA)
|
2
|
$140,000 |
$70,000 |
$3,255 |
3.50% |
|
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)
|
1
|
$95,000 |
$95,000 |
$2,676 |
2.38% |
|
Dublin, GA (FHA|USDA|VA)
|
1
|
$95,000 |
$95,000 |
$3,518 |
3.38% |
|
VALDOSTA, GA (FHA|USDA|VA)
|
1
|
$35,000 |
$35,000 |
$2,767 |
5.13% |
|
DALTON, GA (FHA|USDA|VA)
|
1
|
$15,000 |
$15,000 |
$500 |
2.89% |
United Bank's top markets include Atlanta, Macon, Thomaston, Panama City, and Lagrange among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
842 |
$155,900,000 |
$185,154 |
$4,327 |
3.83% |
| FHA |
17 |
$2,545,000 |
$149,706 |
$6,568 |
2.89% |
| USDA |
13 |
$1,815,000 |
$139,615 |
$5,441 |
2.76% |
| VA |
3 |
$515,000 |
$171,667 |
$6,963 |
2.75% |
For the 2021 period, United Bank's most frequently
originated loan type
of loans were Conventional, with 842 originations.
Their 2nd most popular type is FHA,
with 17 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
433 |
$94,885,000 |
$219,134 |
$4,982 |
3.78% |
| Refi |
250 |
$37,830,000 |
$151,320 |
$4,031 |
4.01% |
| Cash Out Refi |
142 |
$22,590,000 |
$159,085 |
$3,919 |
3.26% |
| Home Improvement |
32 |
$2,630,000 |
$82,188 |
$2,311 |
4.68% |
| Other |
18 |
$2,840,000 |
$157,778 |
$3,799 |
3.38% |
For the 2021, United Bank's most frequently cited loan
purpose
of loans were Home Purchase, with 433
originations.
The 2nd most popular reason of loans were Refi,
with 250 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 30 Year |
396 |
$87,890,000 |
$221,944 |
$4,794 |
3.20% |
| Other |
202 |
$29,360,000 |
$145,347 |
$4,190 |
5.19% |
| 15 Year |
113 |
$18,105,000 |
$160,221 |
$3,880 |
2.86% |
| 5 Year |
63 |
$4,925,000 |
$78,175 |
$734 |
4.84% |
| 20 Year |
37 |
$7,155,000 |
$193,378 |
$4,352 |
3.08% |
| 1 Year |
35 |
$7,565,000 |
$216,143 |
$2,836 |
4.88% |
| 10 Year |
28 |
$5,760,000 |
$205,714 |
$3,490 |
2.82% |
| 3 Year |
1 |
$15,000 |
$15,000 |
$0 |
6.50% |
For the 2021, United Bank's most frequently cited loan
length
of loans were 30 Year, with 396 originations.
The 2nd most popular length of loans were Other,
with 202 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $1k-2k |
235 |
$26,715,000 |
$113,681 |
| $2k-3k |
228 |
$48,250,000 |
$211,623 |
| $3k-4k |
108 |
$37,110,000 |
$343,611 |
| $<1k |
27 |
$1,845,000 |
$68,333 |
| $5k+ |
15 |
$8,335,000 |
$555,667 |
$4,794 of loans were United Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$1k-2k bucket,
with 235 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| 3-4% |
268 |
$58,820,000 |
$219,478 |
| 2.5-3% |
221 |
$45,905,000 |
$207,715 |
| 4-5% |
182 |
$31,960,000 |
$175,604 |
| 5-6% |
103 |
$9,055,000 |
$87,913 |
| <2.5% |
75 |
$13,305,000 |
$177,400 |
| 6-7% |
21 |
$1,635,000 |
$77,857 |
| 7-8% |
4 |
$90,000 |
$22,500 |
| Over 8% |
1 |
$5,000 |
$5,000 |
During 2021, United Bank's average interest
rate of loans were 3.20%, while their
most frequently originated rate bucket of loans were 3-4%,
with 268 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-200k |
311 |
$45,015,000 |
$144,743 |
$4,114 |
3.59% |
| $100,000 or less |
265 |
$15,245,000 |
$57,528 |
$2,681 |
4.48% |
| $200k-400k |
239 |
$65,025,000 |
$272,071 |
$5,126 |
3.40% |
| $400k-600k |
47 |
$21,965,000 |
$467,340 |
$6,761 |
3.13% |
| $1MM+ |
8 |
$9,670,000 |
$1,208,750 |
$10,603 |
4.22% |
| $600k-1MM |
5 |
$3,855,000 |
$771,000 |
$15,083 |
3.48% |
2021 saw United Bank place emphasis on
$100k-200k loans
with 311 originations, totaling
$45,015,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $50k-75k |
200 |
$29,960,000 |
$149,800 |
$4,240 |
3.57% |
| $50k or less |
177 |
$16,905,000 |
$95,508 |
$3,416 |
3.99% |
| $100k-150k |
158 |
$33,770,000 |
$213,734 |
$4,913 |
3.55% |
| $75k-100k |
139 |
$25,955,000 |
$186,727 |
$4,509 |
3.60% |
| $150k-250k |
86 |
$21,450,000 |
$249,419 |
$5,096 |
3.69% |
| $250k+ |
35 |
$13,095,000 |
$374,143 |
$6,416 |
3.58% |
United Bank lent most frequently to those with incomes in the
$50k-75k range, with
200 originations.
The second most popular income band? $50k or less,
with 177 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-30% |
157 |
$30,595,000 |
$194,873 |
$4,297 |
3.14% |
| 30-36% |
128 |
$24,870,000 |
$194,297 |
$4,614 |
3.20% |
| <20% |
60 |
$10,900,000 |
$181,667 |
$3,955 |
2.99% |
| 36% |
27 |
$5,015,000 |
$185,741 |
$4,274 |
3.31% |
| 37% |
27 |
$5,095,000 |
$188,704 |
$4,307 |
3.26% |
| 43% |
27 |
$5,465,000 |
$202,407 |
$4,532 |
3.25% |
| 42% |
22 |
$4,050,000 |
$184,091 |
$4,252 |
3.24% |
| 45% |
22 |
$5,870,000 |
$266,818 |
$5,105 |
3.27% |
| 41% |
20 |
$4,070,000 |
$203,500 |
$4,503 |
3.36% |
| 39% |
19 |
$3,535,000 |
$186,053 |
$4,310 |
3.41% |
| 38% |
19 |
$4,145,000 |
$218,158 |
$4,363 |
3.21% |
| 40% |
17 |
$3,605,000 |
$212,059 |
$4,680 |
3.46% |
| 46% |
16 |
$4,180,000 |
$261,250 |
$4,903 |
3.24% |
| 48% |
13 |
$2,965,000 |
$228,077 |
$5,256 |
2.85% |
| 44% |
13 |
$2,175,000 |
$167,308 |
$3,982 |
3.29% |
| 47% |
12 |
$2,690,000 |
$224,167 |
$4,605 |
3.18% |
| 49% |
8 |
$1,730,000 |
$216,250 |
$4,270 |
3.14% |
| 50-60% |
6 |
$1,330,000 |
$221,667 |
$5,262 |
3.00% |
| >60% |
1 |
$15,000 |
$15,000 |
$725 |
4.95% |
United Bank lent most frequently to those with DTI ratios
of 20-30%, with
157 originations.
The next most common DTI ratio? 30-36%,
with 128 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
708 |
$128,510,000 |
$181,511 |
$4,476 |
3.65% |
| Not applicable |
79 |
$19,605,000 |
$248,165 |
$0 |
4.88% |
| Not provided |
30 |
$6,340,000 |
$211,333 |
$4,304 |
3.26% |
| Black |
49 |
$4,575,000 |
$93,367 |
$3,559 |
4.42% |
| Asian |
7 |
$1,585,000 |
$226,429 |
$4,125 |
2.64% |
| American Indian |
2 |
$160,000 |
$80,000 |
$3,087 |
5.50% |
Approval Rates
Total approvals of all applications
89.50%
United Bank has an average approval rate.
Pick Rate
Approvals leading to origination
55.31%
United Bank 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 |
875 |
$160,775,000 |
$183,743 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
875 |
$160,775,000 |
$183,743 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
99 |
$9,625,000 |
$97,222 |
$3,129 |
3.91% |
| 40-60% |
186 |
$29,990,000 |
$161,237 |
$3,961 |
3.57% |
| 60-80% |
372 |
$82,540,000 |
$221,882 |
$4,748 |
3.84% |
| 80-100% |
191 |
$37,425,000 |
$195,942 |
$5,063 |
3.69% |
| Over 100% |
2 |
$280,000 |
$140,000 |
$9,925 |
3.78% |
| Under 20% |
25 |
$915,000 |
$36,600 |
$1,333 |
4.85% |
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 |
Conventional home mortgage |
Trouble during payment process |
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% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| United Bank |
1 East Main Street Forsyth, GA 31029 |
Full Service B&M
|
$117,812 |
| United Bank |
505 South Hill Street Griffin, GA 30223 |
Full Service B&M
|
$240,684 |
| United Bank |
61 Bullsboro Drive Newnan, GA 30263 |
Full Service B&M
|
$139,411 |
| United Bank |
625 South Highway 341 Barnesville, GA 30204 |
Full Service Retail
|
$15,215 |
| United Bank |
685 Griffin Street Zebulon, GA 30295 |
Full Service B&M
|
$178,447 |
| United Bank |
7200 Hwy 278 Covington, GA 30014 |
Full Service B&M
|
$145,989 |
| United Bank |
State Highway 362 Williamson, GA 30292 |
Full Service B&M
|
$60,220 |
| United Bank |
10788 Estes Road Macon, GA 31210 |
Full Service B&M
|
$25,017 |
| United Bank |
1111 Highway 19 N Thomaston, GA 30286 |
Full Service Retail
|
$7,719 |
| United Bank |
1340 West Taylor Street Griffin, GA 30223 |
Full Service B&M
|
$34,318 |
| United Bank |
150 Covington Street Jackson, GA 30233 |
Full Service B&M
|
$231,918 |
| United Bank |
1500 West Mcintosh Road Griffin, GA 30223 |
Full Service B&M
|
$83,603 |
| United Bank |
215 North Center Street Thomaston, GA 30286 |
Full Service B&M
|
$177,932 |
| United Bank |
2245 Highway 34 East Newnan, GA 30265 |
Full Service B&M
|
$6,721 |
| United Bank |
256 North Maiin Street Madison, GA 30650 |
Full Service B&M
|
$90,481 |
| United Bank |
308 Thomaston Street Barnesville, GA 30204 |
Full Service B&M
|
$285,018 |
| United Bank |
33 Jones Mill Road Woodbury, GA 30293 |
Full Service B&M
|
$35,572 |
| United Bank |
4908 Bill Gardner Parkway Locust Grove, GA 30248 |
Full Service Retail
|
$19,032 |
For 2021, United Bank had 18 branches.
Yearly Performance Overview
Bank Income
United Bank's gross interest income from loans was $50,855,000.
United Bank's net interest income from loans was $48,925,000.
United Bank's fee based income from loans was $8,704,000.
United Bank's net income from loans was $34,401,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$1,930 |
| Provision for credit losses |
$57 |
| Total noninterest expense |
$45,781 |
| Salaries and employee benefits |
$27,696 |
| Premises and equipment expense |
$7,045 |
| Additional noninterest expense |
$11,040 |
| Applicable income taxes |
$0 |
| Net charge-offs |
$57 |
| Cash dividends |
$22,283 |
United Bank's interest expense for loans was $1,930,000.
United Bank's payroll and benefits expense were $27,696,000.
United Bank's property, plant and equipment expenses $7,045,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$2,098,316 |
| Deposits held in domestic offices |
$2,098,316 |
| Deposits by Individuals, partnerships, and corporations |
$1,761,815 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$336,501 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$0 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$511,871 |
| Demand deposits |
$337,474 |
| Nontransaction accounts |
$1,586,445 |
| Money market deposit accounts (MMDAs) |
$1,152,970 |
| Other savings deposits (excluding MMDAs) |
$244,274 |
| Total time deposits |
$189,201 |
| Total time and savings deposits |
$1,760,842 |
| Noninterest-bearing deposits |
$337,475 |
| Interest-bearing deposits |
$1,760,841 |
| Retail deposits |
$2,079,601 |
| IRAs and Keogh plan accounts |
$52,149 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$2,281,919 |
| Cash & Balances due from depository institutions |
$1,113,969 |
| Interest-bearing balances |
$1,076,531 |
| Total securities |
$424,178 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$710,175 |
| Loan and leases loss allowance |
$15,109 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$18,368 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$6,360 |
| All other assets |
$8,869 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$2,281,919 |
| Total Liabilities |
$2,105,767 |
| Total deposits |
$2,098,316 |
| Interest-bearing deposits |
$1,760,841 |
| Deposits held in domestic offices |
$2,098,316 |
| % insured (estimated) |
$95 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$0 |
| Subordinated debt |
$0 |
| All other liabilities |
$7,451 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$710,175 |
| Loan and leases loss allowance |
$15,109 |
| Total loans and leases (domestic) |
$725,284 |
| All real estate loans |
$596,809 |
| Real estate loans in domestic offices |
$596,809 |
| Construction and development loans |
$165,217 |
| Residential 1-4 family construction |
$74,312 |
| Other construction, all land development and other land |
$90,905 |
| Loans secured by nonfarm nonresidential properties |
$215,796 |
| Nonfarm nonresidential secured by owner-occupied properties |
$138,588 |
| Commercial real estate & other non-farm, non-residential |
$77,208 |
| Multifamily residential real estate |
$15,974 |
| 1-4 family residential loans |
$192,151 |
| Farmland loans |
$7,671 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$139 |
| Commercial and industrial loans |
$78,025 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$42,354 |
| Credit card loans |
$2,996 |
| Related Plans |
$26 |
| Consumer Auto Loans |
$19,976 |
| Other loans to individuals |
$19,356 |
| All other loans & leases |
$7,957 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$1,575 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$0 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$0 |
| Non 1-4 family restructured loans & leases |
$0 |
| Total loans and leases (foreign) |
$0 |
United Bank had $710,175,000 of loans outstanding in 2021. $596,809,000 of loans were in real estate loans.
$165,217,000 of loans were in development loans. $15,974,000 of loans were in multifamily mortgage loans.
$192,151,000 of loans were in 1-4 family mortgage loans. $139,000 of loans were in farm loans. $2,996,000
of loans were in credit card loans. $19,976,000 of loans were in the auto loan category.
Small Business Loans
| Categorization |
# of Loans in Category |
$ amount of loans (in 000's) |
Average $/loan |
| Nonfarm, nonresidential loans - <$1MM |
601 |
$98,149 |
$163,309 |
| Nonfarm, nonresidential loans - <$100k |
185 |
$6,819 |
$36,859 |
| Nonfarm, nonresidential loans - $100-250k |
210 |
$24,852 |
$118,343 |
| Nonfarm, nonresidential loans - $250k-1MM |
206 |
$66,478 |
$322,709 |
| Commercial & Industrial, US addressed loans - <$1MM |
1,529 |
$57,896 |
$37,865 |
| Commercial & Industrial, US addressed loans - <$100k |
1,298 |
$25,867 |
$19,928 |
| Commercial & Industrial, US addressed loans - $100-250k |
169 |
$17,709 |
$104,787 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
62 |
$14,320 |
$230,968 |
| Farmland loans - <$1MM |
45 |
$4,656 |
$103,467 |
| Farmland loans - <$100k |
24 |
$930 |
$38,750 |
| Farmland loans - $100-250k |
10 |
$1,079 |
$107,900 |
| Farmland loans - $250k-1MM |
11 |
$2,647 |
$240,636 |
| Agriculture operations loans - <$1MM |
3 |
$139 |
$46,333 |
| Agriculture operations loans - <$100k |
2 |
$80 |
$40,000 |
| Agriculture operations loans - $100-250k |
1 |
$59 |
$59,000 |
