United Bank Mortgage Rates, Fees & Info

Zebulon, GA

LEI: 549300S61HFNW2YFEK61

Tax ID: 58-0153300

5 stars - Updated: 7/11/24 - out of 5 stars, based on 29 reviews

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

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Mortgage Data

Review & 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 by origination volume include: Atlanta, Macon, Thomaston, Milledgeville, and Miami among others. We have data for 22 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 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 6.61% 7/11/24
30 Year Conventional Refi 6.59% 7/11/24
30 Year Cash-out Refi 6.93% 7/11/24
30 Year FHA Purchase 7.19% 7/11/24
30 Year FHA Refi 6.27% 7/11/24
30 Year VA Purchase 6.36% 7/11/24
30 Year VA Refi 6.27% 7/11/24
30 Year USDA Purchase 6.69% 7/11/24
15 Year Conventional Purchase 6.31% 7/11/24
15 Year Conventional Refi 7.09% 7/11/24
15 Year Cash-out Refi 7.09% 7/11/24
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 Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from United Bank. 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

848

Origination Dollar Volume (All Markets)

$143,040,000

Awards

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

Relative Rate

United Bank's average 30 year fixed mortgage rate was 6.81%.

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

This yields a difference of 0.33%.

Relative Fees (Closing Costs)

United Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,996.

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 607 $102,085,000 $168,180 $5,630 8.12%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 88 $13,570,000 $154,205 $4,995 8.06%
Thomaston, GA (FHA|USDA|VA) 97 $10,875,000 $112,113 $4,010 8.08%
Outside of Metro Areas 24 $5,570,000 $232,083 $6,264 7.69%
Milledgeville, GA (FHA|USDA|VA) 5 $2,395,000 $479,000 $8,630 7.05%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $2,285,000 $2,285,000 $35,243 6.63%
BRUNSWICK, GA (FHA|USDA|VA) 2 $790,000 $395,000 $6,507 7.13%
GAINESVILLE, GA (FHA|USDA|VA) 2 $770,000 $385,000 $9,371 8.19%
Montrose, CO (FHA|USDA|VA) 1 $705,000 $705,000 $6,622 8.50%
ASHEVILLE, NC (FHA|USDA|VA) 2 $630,000 $315,000 $6,367 7.19%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $600,000 $300,000 $0 8.33%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $485,000 $485,000 $9,843 8.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 3 $455,000 $151,667 $5,554 8.50%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $445,000 $445,000 $0 7.99%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $375,000 $375,000 $6,642 6.88%
LaGrange, GA-AL (FHA|USDA|VA) 3 $355,000 $118,333 $6,602 7.88%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.50%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $160,000 $80,000 $0 8.25%
VALDOSTA, GA (FHA|USDA|VA) 1 $145,000 $145,000 $3,909 7.13%
SAVANNAH, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.25%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $50,000 $25,000 $0 8.25%
Calhoun, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 9.00%
United Bank's top markets include Atlanta, Macon, Thomaston, Milledgeville, and Miami among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Alabama (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.

    ROBINS FINANCIAL
    Similarity Rank: 46
    LGE COMMUNITY
    Similarity Rank: 546
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 900
    East West Bank
    Similarity Rank: 925
    SANCTUARY HOME MORTGAGE LLC
    Similarity Rank: 1076
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1320
    PEACH STATE FEDERAL CREDIT UNION
    Similarity Rank: 1656
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 1700
    COCA-COLA
    Similarity Rank: 2847

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 459 $105,265,000 $229,336 $5,564 7.60%
    HELOC 385 $36,605,000 $95,078 n/a 8.69%
    FHA 2 $290,000 $145,000 $6,627 6.69%
    VA 1 $675,000 $675,000 $11,669 6.25%
    USDA 1 $205,000 $205,000 $6,602 6.13%

    For 2023, United Bank's most frequently originated type of loan was Conventional, with 459 originations. Their 2nd most popular type was HELOC, with 385 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 259 $75,215,000 $290,405 $6,495 7.34%
    Home Improvement 249 $18,595,000 $74,679 $1,779 8.65%
    Refi 184 $32,300,000 $175,543 $4,294 8.26%
    Other 133 $13,105,000 $98,534 $3,422 8.41%
    Cash Out Refi 23 $3,825,000 $166,304 $4,299 7.15%

    For 2023, United Bank's most frequently cited loan purpose was Home Purchase, with 259 originations. The 2nd most popular reason was Home Improvement, with 249 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 377 $34,845,000 $92,427 $4,627 8.53%
    30 Year 193 $57,165,000 $296,192 $5,996 6.81%
    Other 165 $29,045,000 $176,030 $9,785 8.51%
    1 Year 62 $16,330,000 $263,387 $6,339 8.54%
    5 Year 34 $2,240,000 $65,882 $1,096 7.86%
    20 Year 10 $1,790,000 $179,000 $4,398 7.40%
    10 Year 5 $1,125,000 $225,000 $4,559 7.49%
    3 Year 2 $500,000 $250,000 $0 8.65%

    For 2023, United Bank's most frequently cited loan duration was 15 Year, with 377 originations. The 2nd most popular length was 30 Year, with 193 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 76 $17,070,000 $224,605
    $1k-2k 65 $6,865,000 $105,615
    $3k-4k 49 $16,135,000 $329,286
    $5k+ 35 $21,545,000 $615,571
    $4k-5k 29 $13,245,000 $456,724
    $<1k 21 $735,000 $35,000

    United Bank's average total fees were $5,996, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 76 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 497 $62,355,000 $125,463
    7-8% 163 $26,295,000 $161,319
    6-7% 159 $46,135,000 $290,157
    5-6% 28 $7,530,000 $268,929
    4-5% 1 $725,000 $725,000

    During 2023, United Bank's average interest rate for loans was 6.81%, while their most frequently originated rate bucket for loans was Over 8%, with 497 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 416 $21,850,000 $52,524 $2,424 8.56%
    $100k-200k 198 $27,000,000 $136,364 $4,147 8.02%
    $200k-400k 160 $44,750,000 $279,688 $6,024 7.31%
    $400k-600k 52 $24,690,000 $474,808 $8,004 7.31%
    $600k-1MM 12 $9,110,000 $759,167 $11,903 7.45%
    $1MM+ 10 $15,640,000 $1,564,000 $16,704 7.23%

    2023 saw United Bank place emphasis on $100,000 or less loans with 416 originations, totaling $21,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 183 $30,905,000 $168,880 $5,863 7.93%
    $75k-100k 154 $19,320,000 $125,455 $4,996 8.14%
    $50k-75k 151 $14,435,000 $95,596 $4,484 8.25%
    $150k-250k 118 $24,580,000 $208,305 $6,458 7.93%
    $50k or less 95 $5,825,000 $61,316 $3,089 8.12%
    $250k+ 72 $27,880,000 $387,222 $9,402 7.82%

    United Bank lent most frequently to those with incomes in the $100k-150k range, with 183 originations. The second most popular income band? $75k-100k, with 154 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 130 $22,270,000 $171,308 $5,662 7.81%
    30-36% 111 $15,475,000 $139,414 $5,010 7.97%
    <20% 85 $9,445,000 $111,118 $5,068 8.15%
    39% 43 $7,985,000 $185,698 $5,244 7.78%
    37% 34 $4,440,000 $130,588 $4,814 8.10%
    40% 28 $4,850,000 $173,214 $5,653 7.96%
    36% 21 $4,295,000 $204,524 $6,319 7.79%
    41% 21 $3,505,000 $166,905 $4,943 8.09%
    47% 20 $3,990,000 $199,500 $5,103 8.11%
    42% 18 $2,980,000 $165,556 $5,912 8.28%
    38% 18 $2,550,000 $141,667 $4,573 7.93%
    48% 17 $3,605,000 $212,059 $6,825 8.33%
    43% 16 $3,930,000 $245,625 $6,122 7.94%
    44% 13 $4,045,000 $311,154 $6,664 7.40%
    49% 13 $3,885,000 $298,846 $7,044 7.46%
    46% 12 $3,160,000 $263,333 $5,536 6.82%
    45% 10 $3,150,000 $315,000 $7,148 7.14%
    50-60% 4 $690,000 $172,500 $6,384 7.16%

    United Bank lent most frequently to those with DTI ratios of 20-30%, with 130 originations. The next most common DTI ratio? 30-36%, with 111 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 669 $103,875,000 $155,269 $5,458 8.05%
    Not applicable 69 $19,435,000 $281,667 $0 8.53%
    Not provided 35 $8,565,000 $244,714 $6,648 7.77%
    Black 63 $7,525,000 $119,444 $5,947 8.24%
    Asian 8 $2,540,000 $317,500 $7,776 7.85%
    Asian Indian 2 $770,000 $385,000 $6,489 7.63%
    American Indian 2 $330,000 $165,000 $6,320 7.81%

    Approval Rates

    Total approvals of all applications
    87.41%

    United Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.66%

    United Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 848 $143,040,000 $168,679

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    848 $143,040,000 $168,679

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 201 $20,555,000 $102,264 $3,513 8.19%
    40-60% 154 $38,050,000 $247,078 $5,709 7.70%
    60-80% 171 $47,265,000 $276,404 $6,404 7.69%
    80-100% 73 $22,585,000 $309,384 $7,083 7.38%
    Over 100% 1 $85,000 $85,000 $0 8.00%
    Under 20% 248 $14,500,000 $58,468 $1,636 8.72%