United Bank Mortgage Rates, Fees & Info

Zebulon, GA

LEI: 549300S61HFNW2YFEK61

Tax ID: 58-0153300

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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, Lagrange, and Athens among others. We have data for 18 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 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 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.

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%	4/18/24
30 Year Conventional Refi	6.59%	4/18/24
30 Year Cash-out Refi	6.93%	4/18/24
30 Year FHA Purchase	7.19%	4/18/24
30 Year FHA Refi	6.27%	4/18/24
30 Year VA Purchase	6.36%	4/18/24
30 Year VA Refi	6.27%	4/18/24
30 Year USDA Purchase	6.69%	4/18/24
15 Year Conventional Purchase	6.31%	4/18/24
15 Year Conventional Refi	7.09%	4/18/24
15 Year Cash-out Refi	7.09%	4/18/24
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

Purchase Price:

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% Deposit:

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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

760

Origination Dollar Volume (All Markets)

$105,890,000

Employee count

385

Awards

United Bank 30 Year Conventional Loans gold

Show all (3) awards

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)	544	$78,960,000	$145,147	$3,901	5.40%
MACON-BIBB COUNTY, GA (FHA\|USDA\|VA)	79	$9,065,000	$114,747	$3,864	5.64%
Thomaston, GA (FHA\|USDA\|VA)	97	$7,835,000	$80,773	$3,849	5.56%
Outside of Metro Areas	17	$3,455,000	$203,235	$4,457	4.88%
LaGrange, GA-AL (FHA\|USDA\|VA)	2	$2,200,000	$1,100,000	$0	5.33%
ATHENS-CLARKE COUNTY, GA (FHA\|USDA\|VA)	5	$1,275,000	$255,000	$4,637	4.94%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	1	$725,000	$725,000	$0	4.99%
PANAMA CITY, FL (FHA\|USDA\|VA)	3	$695,000	$231,667	$5,499	5.71%
SAVANNAH, GA (FHA\|USDA\|VA)	1	$325,000	$325,000	$6,410	5.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA\|USDA\|VA)	2	$270,000	$135,000	$2,962	5.06%
Alexander City, AL (FHA\|USDA\|VA)	1	$235,000	$235,000	$3,135	4.63%
St. Marys, GA (FHA\|USDA\|VA)	1	$235,000	$235,000	$5,154	4.75%
COLUMBUS, GA-AL (FHA\|USDA\|VA)	1	$155,000	$155,000	$6,663	4.63%
Oxford, MS (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	5.85%
Milledgeville, GA (FHA\|USDA\|VA)	1	$125,000	$125,000	$4,010	4.88%
WARNER ROBINS, GA (FHA\|USDA\|VA)	2	$120,000	$60,000	$3,285	5.94%
BRUNSWICK, GA (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	7.00%
Americus, GA (FHA\|USDA\|VA)	1	$35,000	$35,000	$2,544	4.88%

United Bank's top markets include Atlanta, Macon, Thomaston, Lagrange, and Athens among others.

Their top states include:

Georgia (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Alabama (FHA|USDA|VA)

Mississippi (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.

First National Bank of Griffin
Similarity Rank: 592

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CREDIT UNION OF GEORGIA
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CharterBank
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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	704	$97,180,000	$138,040	$3,688	5.50%
FHA	29	$4,205,000	$145,000	$6,298	4.53%
USDA	20	$2,180,000	$109,000	$4,574	4.57%
VA	7	$2,325,000	$332,143	$6,548	4.39%

For 2018, United Bank's most frequently originated type of loan was Conventional, with 704 originations. Their 2nd most popular type was FHA, with 29 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	457	$69,135,000	$151,280	$4,318	5.29%
Refi	173	$22,995,000	$132,919	$3,122	5.87%
Cash Out Refi	92	$11,120,000	$120,870	$3,609	5.20%
Home Improvement	24	$1,460,000	$60,833	$1,942	5.88%
Other	12	$850,000	$70,833	$2,046	5.02%
NA	2	$330,000	$165,000	$4,325	4.88%

For 2018, United Bank's most frequently cited loan purpose was Home Purchase, with 457 originations. The 2nd most popular reason was Refi, with 173 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	302	$55,300,000	$183,113	$4,361	4.80%
Other	259	$30,365,000	$117,239	$4,309	6.16%
15 Year	86	$9,330,000	$108,488	$3,073	4.96%
5 Year	56	$3,740,000	$66,786	$846	6.01%
1 Year	25	$3,545,000	$141,800	$0	6.07%
20 Year	22	$2,840,000	$129,091	$3,405	5.22%
10 Year	7	$635,000	$90,714	$3,301	4.34%
3 Year	3	$135,000	$45,000	$600	6.48%

For 2018, United Bank's most frequently cited loan duration was 30 Year, with 302 originations. The 2nd most popular length was Other, with 259 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	229	$24,945,000	$108,930
$2k-3k	144	$29,570,000	$205,347
$3k-4k	43	$13,955,000	$324,535
$<1k	41	$1,915,000	$46,707
$4k-5k	15	$5,745,000	$383,000
$5k+	1	$705,000	$705,000

United Bank's average total fees were $4,361, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 229 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	348	$62,860,000	$180,632
6-7%	194	$15,700,000	$80,928
5-6%	170	$22,440,000	$132,000
3-4%	24	$3,690,000	$153,750
7-8%	15	$825,000	$55,000
Over 8%	8	$370,000	$46,250
2.5-3%	1	$5,000	$5,000

During 2018, United Bank's average interest rate for loans was 4.80%, while their most frequently originated rate bucket for loans was 4-5%, with 348 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	371	$19,955,000	$53,787	$2,598	5.86%
$100k-200k	216	$30,570,000	$141,528	$4,088	5.08%
$200k-400k	150	$39,890,000	$265,933	$4,939	4.91%
$400k-600k	15	$6,795,000	$453,000	$7,042	4.93%
$600k-1MM	5	$3,675,000	$735,000	$7,442	5.05%
$1MM+	3	$5,005,000	$1,668,333	$0	5.81%

2018 saw United Bank place emphasis on $100,000 or less loans with 371 originations, totaling $19,955,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	180	$13,600,000	$75,556	$3,164	5.43%
$50k-75k	172	$19,800,000	$115,116	$3,912	5.44%
$75k-100k	133	$19,625,000	$147,556	$4,211	5.32%
$100k-150k	108	$20,550,000	$190,278	$4,471	5.10%
$150k-250k	59	$11,215,000	$190,085	$4,512	5.37%
$250k+	29	$7,875,000	$271,552	$4,875	5.40%

United Bank lent most frequently to those with incomes in the $50k or less range, with 180 originations. The second most popular income band? $50k-75k, with 172 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	155	$19,705,000	$127,129	$3,712	5.20%
30-36%	147	$18,635,000	$126,769	$3,724	5.33%
<20%	76	$8,110,000	$106,711	$3,111	5.68%
38%	32	$3,400,000	$106,250	$4,149	5.46%
37%	30	$4,270,000	$142,333	$3,723	5.31%
43%	26	$3,420,000	$131,538	$3,981	5.08%
50-60%	26	$2,620,000	$100,769	$5,405	5.68%
36%	20	$3,300,000	$165,000	$4,677	5.36%
45%	19	$3,835,000	$201,842	$4,925	5.32%
44%	19	$3,905,000	$205,526	$4,939	4.87%
42%	17	$3,125,000	$183,824	$4,436	5.10%
49%	17	$2,605,000	$153,235	$4,312	5.20%
>60%	16	$1,980,000	$123,750	$280	6.65%
39%	16	$1,710,000	$106,875	$3,292	5.47%
40%	15	$2,105,000	$140,333	$3,510	5.56%
41%	13	$3,035,000	$233,462	$4,983	4.99%
48%	13	$2,675,000	$205,769	$4,560	5.29%
46%	13	$2,165,000	$166,538	$4,090	5.40%
47%	13	$2,465,000	$189,615	$4,703	4.80%

United Bank lent most frequently to those with DTI ratios of 20-30%, with 155 originations. The next most common DTI ratio? 30-36%, with 147 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	596	$80,680,000	$135,369	$3,874	5.32%
Not applicable	76	$12,800,000	$168,421	$1,355	6.10%
Black	58	$6,540,000	$112,759	$4,252	5.90%
Not provided	26	$5,590,000	$215,000	$4,595	4.84%
Asian	3	$185,000	$61,667	$3,425	6.15%
American Indian	1	$95,000	$95,000	$3,295	4.63%

Approval Rates

Total approvals of all applications
87.28%

United Bank has an average approval rate.

Pick Rate

Approvals leading to origination
62.50%

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	760	$105,890,000	$139,329

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	19	$6,315,000	$332,368
Single Family (1-4 Units):Manufactured	64	$3,280,000	$51,250
Single Family (1-4 Units):Site-Built	677	$96,295,000	$142,238

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	75	$5,545,000	$73,933	$2,390	5.78%
40-60%	111	$13,065,000	$117,703	$3,026	5.67%
60-80%	321	$48,055,000	$149,704	$3,865	5.42%
80-100%	217	$35,715,000	$164,585	$4,726	5.08%
Over 100%	3	$425,000	$141,667	$4,026	5.79%
Under 20%	33	$3,085,000	$93,485	$1,510	6.03%

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
UNITED COMMUNITY BANK	Other type of mortgage	Trouble during payment process	1	25.0%
UNITED COMMUNITY BANK	Conventional home mortgage	Trouble during payment process	1	25.0%
UNITED COMMUNITY BANK	Other type of mortgage	Applying for a mortgage or refinancing an existing mortgage	1	25.0%
UNITED COMMUNITY BANK	Other type of mortgage	Struggling to pay mortgage	1	25.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
United Bank	1 East Main Street Forsyth, GA 31029	Full Service B&M	$71,723
United Bank	10788 Estes Road Macon, GA 31210	Full Service B&M	$16,107
United Bank	1340 West Taylor Street Griffin, GA 30223	Full Service B&M	$17,757
United Bank	150 Covington Street Jackson, GA 30233	Full Service B&M	$130,358
United Bank	1500 West Mcintosh Road Griffin, GA 30223	Full Service B&M	$60,600
United Bank	1735 Zebulon Road Griffin, GA 30224	Full Service Retail	$6,727
United Bank	215 North Center Street Thomaston, GA 30286	Full Service B&M	$110,935
United Bank	256 North Maiin Street Madison, GA 30650	Full Service B&M	$58,174
United Bank	308 Thomaston Street Barnesville, GA 30204	Full Service B&M	$188,675
United Bank	33 Jones Mill Road Woodbury, GA 30293	Full Service B&M	$19,575
United Bank	4908 Bill Gardner Parkway Locust Grove, GA 30248	Full Service Retail	$12,690
United Bank	505 South Hill Street Griffin, GA 30223	Full Service B&M	$166,834
United Bank	61 Bullsboro Drive Newnan, GA 30263	Full Service B&M	$72,514
United Bank	625 South Highway 341 Barnesville, GA 30204	Full Service Retail	$9,703
United Bank	685 Griffin Street Zebulon, GA 30295	Full Service B&M	$111,153
United Bank	7200 Hwy 278 Covington, GA 30014	Full Service B&M	$102,533
United Bank	855 North Church Street Thomaston, GA 30286	Full Service Retail	$3,795
United Bank	State Highway 362 Williamson, GA 30292	Full Service B&M	$44,420

For 2018, United Bank had 18 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$52,941
Net interest income	$48,735
Total noninterest income	$21,745
Gross Fiduciary activities income	$2,727
Service charges on deposit accounts	$8,029
Trading account gains and fees	$0
Additional Noninterest Income	$10,989
Pre-tax net operating income	$29,610
Securities gains (or losses, -)	$-76
Income before extraordinary items	$29,534
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$29,534
Minority interest net income	$0
Net income	$29,534
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$29,610

United Bank's gross interest income from loans was $52,941,000.
United Bank's net interest income from loans was $48,735,000.
United Bank's fee based income from loans was $8,029,000.
United Bank's net income from loans was $29,534,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$4,206
Provision for credit losses	$341
Total noninterest expense	$40,529
Salaries and employee benefits	$24,747
Premises and equipment expense	$6,034
Additional noninterest expense	$9,748
Applicable income taxes	$0
Net charge-offs	$353
Cash dividends	$15,924

United Bank's interest expense for loans was $4,206,000.
United Bank's payroll and benefits expense were $24,747,000.
United Bank's property, plant and equipment expenses $6,034,000.

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	0.0%
Multifamily residential loans	0.0%
1-4 family residential loans	1.0%
HELOC loans	0.0%
All other family	1.0%
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	$1,253,092
Deposits held in domestic offices	$1,253,092
Deposits by Individuals, partnerships, and corporations	$1,068,837
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$184,255
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	$266,033
Demand deposits	$184,569
Nontransaction accounts	$987,059
Money market deposit accounts (MMDAs)	$660,933
Other savings deposits (excluding MMDAs)	$132,259
Total time deposits	$193,867
Total time and savings deposits	$1,068,523
Noninterest-bearing deposits	$184,561
Interest-bearing deposits	$1,068,531
Retail deposits	$1,242,283
IRAs and Keogh plan accounts	$56,443
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,389,578
Cash & Balances due from depository institutions	$289,445
Interest-bearing balances	$243,215
Total securities	$435,374
Federal funds sold & reverse repurchase	$0
Net loans and leases	$632,399
Loan and leases loss allowance	$11,766
Trading account assets	$0
Bank premises and fixed assets	$19,701
Other real estate owned	$94
Goodwill and other intangibles	$4,972
All other assets	$7,593

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,389,578
Total Liabilities	$1,259,798
Total deposits	$1,253,092
Interest-bearing deposits	$1,068,531
Deposits held in domestic offices	$1,253,092
% insured (estimated)	$96
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$6,706

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$632,399
Loan and leases loss allowance	$11,766
Total loans and leases (domestic)	$644,165
All real estate loans	$550,983
Real estate loans in domestic offices	$550,983
Construction and development loans	$106,600
Residential 1-4 family construction	$33,429
Other construction, all land development and other land	$73,171
Loans secured by nonfarm nonresidential properties	$201,708
Nonfarm nonresidential secured by owner-occupied properties	$121,535
Commercial real estate & other non-farm, non-residential	$80,173
Multifamily residential real estate	$10,549
1-4 family residential loans	$218,924
Farmland loans	$13,202
Loans held in foreign offices	$0
Farm loans	$22
Commercial and industrial loans	$56,557
To non-U.S. addressees	$0
Loans to individuals	$32,740
Credit card loans	$3,138
Related Plans	$886
Consumer Auto Loans	$10,212
Other loans to individuals	$18,504
All other loans & leases	$3,863
Loans to foreign governments and official institutions	$0
Other loans	$903
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	$433
Non 1-4 family restructured loans & leases	$334
Total loans and leases (foreign)	$0

United Bank had $632,399,000 of loans outstanding in 2018. $550,983,000 of loans were in real estate loans. $106,600,000 of loans were in development loans. $10,549,000 of loans were in multifamily mortgage loans. $218,924,000 of loans were in 1-4 family mortgage loans. $22,000 of loans were in farm loans. $3,138,000 of loans were in credit card loans. $10,212,000 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	695	$114,417	$164,629
Nonfarm, nonresidential loans - <$100k	236	$9,615	$40,742
Nonfarm, nonresidential loans - $100-250k	223	$25,320	$113,543
Nonfarm, nonresidential loans - $250k-1MM	236	$79,482	$336,788
Commercial & Industrial, US addressed loans - <$1MM	1,449	$50,116	$34,587
Commercial & Industrial, US addressed loans - <$100k	1,237	$19,402	$15,685
Commercial & Industrial, US addressed loans - $100-250k	143	$12,990	$90,839
Commercial & Industrial, US addressed loans - $250k-1MM	69	$17,724	$256,870
Farmland loans - <$1MM	70	$6,723	$96,043
Farmland loans - <$100k	38	$1,331	$35,026
Farmland loans - $100-250k	22	$2,935	$133,409
Farmland loans - $250k-1MM	10	$2,457	$245,700
Agriculture operations loans - <$1MM	4	$22	$5,500
Agriculture operations loans - <$100k	4	$22	$5,500