United Bank Mortgage Rates, Fees & Info

Zebulon, GA

LEI: 549300S61HFNW2YFEK61

Tax ID: 58-0153300

5 stars - out of 5 stars, based on 32 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    United Bank is a smaller bank specializing in 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 by origination volume include: Atlanta, Macon, Thomaston, Gainesville, and Athens among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    United 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. United Bank is typically an average 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.

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.61% 3/27/23
    30 Year Conventional Refi 6.59% 3/27/23
    30 Year Cash-out Refi 6.93% 3/27/23
    30 Year FHA Purchase 7.19% 3/27/23
    30 Year FHA Refi 6.27% 3/27/23
    30 Year VA Purchase 6.36% 3/27/23
    30 Year VA Refi 6.27% 3/27/23
    30 Year USDA Purchase 6.69% 3/27/23
    15 Year Conventional Purchase 6.31% 3/27/23
    15 Year Conventional Refi 7.09% 3/27/23
    15 Year Cash-out Refi 7.09% 3/27/23
    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.


    Originations

    1,003

    Origination Dollar Volume (All Markets)

    $151,175,000

    Awards

    United Bank 30 Year Conventional Loans gold
    Show all (1) awards

    Relative Rate

    United Bank's average 30 year fixed mortgage rate was 4.87%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.11%.

    Relative Fees (Closing Costs)

    United Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,095.

    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 $4,750.

    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
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 742 $112,180,000 $151,186 $5,402 5.36%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 96 $15,930,000 $165,938 $4,978 5.61%
    Thomaston, GA (FHA|USDA|VA) 110 $10,670,000 $97,000 $4,097 5.30%
    Outside of Metro Areas 25 $5,275,000 $211,000 $6,998 5.23%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $10,200 6.50%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 3 $1,145,000 $381,667 $4,123 5.75%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 5.50%
    Milledgeville, GA (FHA|USDA|VA) 4 $500,000 $125,000 $3,996 6.00%
    WARNER ROBINS, GA (FHA|USDA|VA) 3 $395,000 $131,667 $4,262 5.46%
    LaGrange, GA-AL (FHA|USDA|VA) 2 $330,000 $165,000 $7,848 5.54%
    COLUMBUS, GA-AL (FHA|USDA|VA) 2 $320,000 $160,000 $0 5.95%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $315,000 $315,000 $4,948 5.50%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $6,773 5.50%
    Calhoun, GA (FHA|USDA|VA) 1 $255,000 $255,000 $4,828 4.38%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $225,000 $225,000 $11,533 3.13%
    Cornelia, GA (FHA|USDA|VA) 1 $195,000 $195,000 $4,346 3.75%
    Dublin, GA (FHA|USDA|VA) 3 $155,000 $51,667 $0 6.38%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.50%
    OCALA, FL (FHA|USDA|VA) 1 $95,000 $95,000 $3,298 4.75%
    Seneca, SC (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.31%
    Albertville, AL (FHA|USDA|VA) 1 $95,000 $95,000 $3,216 4.75%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.50%
    Statesboro, GA (FHA|USDA|VA) 1 $45,000 $45,000 $2,529 4.88%
    United Bank's top markets include Atlanta, Macon, Thomaston, Gainesville, and Athens among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against United Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Credence Funding Corporation
    Similarity Rank: 553
    UNITED SECURITY FINANCIAL CORP
    Similarity Rank: 1053
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 1131
    LGE COMMUNITY
    Similarity Rank: 1595
    Aurora Financial, LLC
    Similarity Rank: 1612
    POWERCO
    Similarity Rank: 1968
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2028
    COCA-COLA
    Similarity Rank: 2940

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 585 $115,145,000 $196,829 $5,076 5.37%
    HELOC 390 $29,740,000 $76,256 n/a 5.47%
    FHA 14 $3,170,000 $226,429 $8,845 4.62%
    VA 9 $2,455,000 $272,778 $7,469 3.93%
    USDA 5 $665,000 $133,000 $5,335 4.05%

    For 2022, United Bank's most frequently originated type of loan was Conventional, with 585 originations. Their 2nd most popular type was HELOC, with 390 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 321 $81,845,000 $254,969 $6,131 5.17%
    Home Improvement 246 $18,540,000 $75,366 $2,104 5.64%
    Refi 195 $24,145,000 $123,821 $3,749 5.73%
    Other 155 $12,425,000 $80,161 $2,987 5.31%
    Cash Out Refi 86 $14,220,000 $165,349 $4,602 4.73%

    For 2022, United Bank's most frequently cited loan purpose was Home Purchase, with 321 originations. The 2nd most popular reason was Home Improvement, with 246 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 442 $36,710,000 $83,054 $3,852 5.31%
    30 Year 258 $69,020,000 $267,519 $6,095 4.87%
    Other 174 $28,410,000 $163,276 $4,730 6.08%
    5 Year 80 $9,810,000 $122,625 $1,060 5.75%
    1 Year 31 $3,915,000 $126,290 $2,925 6.14%
    20 Year 13 $2,075,000 $159,615 $4,329 4.74%
    10 Year 4 $1,220,000 $305,000 $3,814 4.51%
    3 Year 1 $15,000 $15,000 $0 4.50%

    For 2022, United Bank's most frequently cited loan duration was 15 Year, with 442 originations. The 2nd most popular length was 30 Year, with 258 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 121 $25,945,000 $214,421
    $1k-2k 107 $11,275,000 $105,374
    $3k-4k 75 $24,545,000 $327,267
    $5k+ 37 $16,605,000 $448,784
    $4k-5k 32 $12,460,000 $389,375
    $<1k 27 $835,000 $30,926

    United Bank's average total fees were $6,095, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 121 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 286 $49,070,000 $171,573
    3-4% 218 $31,670,000 $145,275
    6-7% 184 $25,970,000 $141,141
    4-5% 179 $29,855,000 $166,788
    7-8% 96 $9,950,000 $103,646
    2.5-3% 24 $3,660,000 $152,500
    Over 8% 15 $725,000 $48,333
    <2.5% 1 $275,000 $275,000

    During 2022, United Bank's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was 5-6%, with 286 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 497 $26,465,000 $53,249 $2,508 5.64%
    $100k-200k 239 $32,735,000 $136,967 $4,465 5.09%
    $200k-400k 203 $56,735,000 $279,483 $6,082 5.13%
    $400k-600k 49 $22,905,000 $467,449 $9,050 5.18%
    $600k-1MM 11 $7,815,000 $710,455 $8,893 4.97%
    $1MM+ 4 $4,520,000 $1,130,000 $10,200 6.55%

    2022 saw United Bank place emphasis on $100,000 or less loans with 497 originations, totaling $26,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 199 $21,735,000 $109,221 $4,789 5.46%
    $100k-150k 186 $30,450,000 $163,710 $6,020 5.15%
    $50k or less 179 $12,995,000 $72,598 $3,237 5.61%
    $75k-100k 169 $26,985,000 $159,675 $5,243 5.30%
    $150k-250k 122 $23,990,000 $196,639 $6,881 5.21%
    $250k+ 53 $16,045,000 $302,736 $7,728 5.21%

    United Bank lent most frequently to those with incomes in the $50k-75k range, with 199 originations. The second most popular income band? $100k-150k, with 186 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 188 $26,510,000 $141,011 $5,141 5.09%
    30-36% 155 $22,565,000 $145,581 $5,131 5.14%
    <20% 87 $10,505,000 $120,747 $3,837 4.89%
    39% 45 $6,445,000 $143,222 $4,424 5.20%
    40% 31 $6,335,000 $204,355 $5,938 5.51%
    38% 29 $3,385,000 $116,724 $4,552 5.25%
    37% 24 $3,340,000 $139,167 $5,798 5.29%
    42% 23 $4,315,000 $187,609 $5,168 5.44%
    44% 23 $4,375,000 $190,217 $4,717 5.13%
    41% 22 $5,120,000 $232,727 $6,014 5.41%
    36% 21 $2,575,000 $122,619 $5,393 5.20%
    49% 20 $3,710,000 $185,500 $6,292 6.23%
    45% 20 $4,350,000 $217,500 $5,416 5.19%
    43% 18 $3,190,000 $177,222 $6,499 5.44%
    50-60% 18 $3,400,000 $188,889 $5,071 5.41%
    47% 17 $3,555,000 $209,118 $6,704 5.41%
    46% 13 $3,465,000 $266,538 $7,029 5.31%
    48% 10 $2,160,000 $216,000 $5,813 5.08%

    United Bank lent most frequently to those with DTI ratios of 20-30%, with 188 originations. The next most common DTI ratio? 30-36%, with 155 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 808 $117,830,000 $145,829 $5,183 5.31%
    Not applicable 78 $17,530,000 $224,744 $0 5.91%
    Black 78 $9,290,000 $119,103 $5,911 5.61%
    Not provided 31 $4,875,000 $157,258 $5,238 5.31%
    Asian 3 $975,000 $325,000 $13,476 5.54%
    American Indian 3 $475,000 $158,333 $4,304 5.58%
    Asian Indian 2 $200,000 $100,000 $3,832 4.79%

    Approval Rates

    Total approvals of all applications
    89.51%

    United Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.58%

    United Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,003 $151,175,000 $150,723

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,003 $151,175,000 $150,723

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 211 $21,775,000 $103,199 $3,832 5.59%
    40-60% 170 $34,450,000 $202,647 $5,122 5.13%
    60-80% 244 $56,200,000 $230,328 $5,831 5.35%
    80-100% 111 $25,195,000 $226,982 $6,319 5.10%
    Over 100% 1 $75,000 $75,000 $0 7.75%
    Under 20% 266 $13,480,000 $50,677 $1,490 5.50%

    Complaints

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