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

2021 Data | 2020 Data | 2019 Data | 2018 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

Awards

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

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

Item Value (in 000's)
Total interest income $50,855
Net interest income $48,925
Total noninterest income $31,314
Gross Fiduciary activities income $3,775
Service charges on deposit accounts $8,704
Trading account gains and fees $0
Additional Noninterest Income $18,835
Pre-tax net operating income $34,401
Securities gains (or losses, -) $0
Income before extraordinary items $34,401
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $34,401
Minority interest net income $0
Net income $34,401
Sale, conversion, retirement of capital stock, net $0
Net operating income $34,401

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.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 1.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

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