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, Brunswick, and Athens among others. We have data for 29 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%	4/21/24
30 Year Conventional Refi	6.59%	4/21/24
30 Year Cash-out Refi	6.93%	4/21/24
30 Year FHA Purchase	7.19%	4/21/24
30 Year FHA Refi	6.27%	4/21/24
30 Year VA Purchase	6.36%	4/21/24
30 Year VA Refi	6.27%	4/21/24
30 Year USDA Purchase	6.69%	4/21/24
15 Year Conventional Purchase	6.31%	4/21/24
15 Year Conventional Refi	7.09%	4/21/24
15 Year Cash-out Refi	7.09%	4/21/24
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:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

Loan Type:

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

883

Origination Dollar Volume (All Markets)

$132,965,000

Employee count

408

Awards

United Bank 30 Year Conventional Loans gold

Show all (4) 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)	622	$95,320,000	$153,248	$4,156	4.96%
MACON-BIBB COUNTY, GA (FHA\|USDA\|VA)	90	$10,890,000	$121,000	$3,977	5.44%
Thomaston, GA (FHA\|USDA\|VA)	113	$9,665,000	$85,531	$3,614	5.14%
Outside of Metro Areas	19	$6,125,000	$322,368	$5,185	4.90%
BRUNSWICK, GA (FHA\|USDA\|VA)	3	$1,595,000	$531,667	$16,796	5.38%
ATHENS-CLARKE COUNTY, GA (FHA\|USDA\|VA)	7	$1,365,000	$195,000	$3,689	4.11%
COLUMBUS, GA-AL (FHA\|USDA\|VA)	3	$1,265,000	$421,667	$0	5.95%
Alexander City, AL (FHA\|USDA\|VA)	2	$1,130,000	$565,000	$8,385	5.04%
GAINESVILLE, GA (FHA\|USDA\|VA)	1	$725,000	$725,000	$8,257	4.25%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA\|USDA\|VA)	1	$695,000	$695,000	$9,757	3.75%
Milledgeville, GA (FHA\|USDA\|VA)	2	$410,000	$205,000	$0	5.78%
AUBURN-OPELIKA, AL (FHA\|USDA\|VA)	1	$385,000	$385,000	$6,596	5.38%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	1	$355,000	$355,000	$0	5.50%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	1	$355,000	$355,000	$5,923	3.88%
FLORENCE, SC (FHA\|USDA\|VA)	1	$315,000	$315,000	$5,273	3.63%
DALTON, GA (FHA\|USDA\|VA)	2	$280,000	$140,000	$2,442	4.31%
PANAMA CITY, FL (FHA\|USDA\|VA)	1	$265,000	$265,000	$5,048	4.38%
LaGrange, GA-AL (FHA\|USDA\|VA)	1	$255,000	$255,000	$5,070	4.25%
Cornelia, GA (FHA\|USDA\|VA)	1	$235,000	$235,000	$5,365	3.63%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	2	$230,000	$115,000	$3,195	4.63%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA\|USDA\|VA)	1	$225,000	$225,000	$3,200	4.38%
Cordele, GA (FHA\|USDA\|VA)	1	$165,000	$165,000	$4,435	3.63%
Calhoun, GA (FHA\|USDA\|VA)	1	$145,000	$145,000	$3,840	4.25%
Cullowhee, NC (FHA\|USDA\|VA)	1	$135,000	$135,000	$4,024	3.50%
FLINT, MI (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	5.00%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	1	$105,000	$105,000	$3,695	3.50%
Americus, GA (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	5.81%
HOMOSASSA SPRINGS, FL (FHA\|USDA\|VA)	1	$65,000	$65,000	$2,949	4.38%
DOTHAN, AL (FHA\|USDA\|VA)	1	$55,000	$55,000	$2,839	5.75%

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

Their top states include:

Georgia (FHA|USDA|VA)

Alabama (FHA|USDA|VA)

South Carolina (FHA|USDA|VA)

Florida (FHA|USDA|VA)

North 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.

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VICTORY MORTGAGE, L.L.C.
Similarity Rank: 4576

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	829	$124,595,000	$150,296	$3,917	5.09%
FHA	36	$5,880,000	$163,333	$6,865	3.97%
USDA	13	$1,635,000	$125,769	$5,166	3.63%
VA	5	$855,000	$171,000	$4,197	3.83%

For 2019, United Bank's most frequently originated type of loan was Conventional, with 829 originations. Their 2nd most popular type was FHA, with 36 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	451	$76,475,000	$169,568	$4,560	4.84%
Refi	263	$32,765,000	$124,582	$3,232	5.53%
Cash Out Refi	107	$18,685,000	$174,626	$4,079	4.19%
Home Improvement	41	$2,215,000	$54,024	$3,008	5.95%
Other	20	$2,760,000	$138,000	$3,210	4.99%
NA	1	$65,000	$65,000	$2,850	5.38%

For 2019, United Bank's most frequently cited loan purpose was Home Purchase, with 451 originations. The 2nd most popular reason was Refi, with 263 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	340	$42,330,000	$124,500	$4,475	5.85%
30 Year	297	$57,945,000	$195,101	$4,649	4.18%
15 Year	113	$13,065,000	$115,619	$3,125	4.12%
5 Year	61	$7,265,000	$119,098	$657	5.85%
1 Year	33	$6,485,000	$196,515	$1,510	6.13%
20 Year	25	$4,235,000	$169,400	$3,604	4.03%
10 Year	7	$1,455,000	$207,857	$3,970	4.27%
3 Year	7	$185,000	$26,429	$0	6.48%

For 2019, United Bank's most frequently cited loan duration was Other, with 340 originations. The 2nd most popular length was 30 Year, with 297 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	244	$27,640,000	$113,279
$2k-3k	158	$32,510,000	$205,759
$3k-4k	55	$17,205,000	$312,818
$<1k	39	$1,695,000	$43,462
$4k-5k	18	$7,870,000	$437,222
$5k+	10	$6,930,000	$693,000

United Bank's average total fees were $4,649, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 244 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	269	$50,615,000	$188,160
4-5%	202	$39,010,000	$193,119
5-6%	198	$23,110,000	$116,717
6-7%	197	$18,565,000	$94,239
7-8%	15	$1,165,000	$77,667
2.5-3%	2	$500,000	$250,000

During 2019, United Bank's average interest rate for loans was 4.18%, while their most frequently originated rate bucket for loans was 3-4%, with 269 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	393	$20,685,000	$52,634	$2,571	5.61%
$100k-200k	282	$41,350,000	$146,631	$4,132	4.61%
$200k-400k	175	$47,635,000	$272,200	$5,210	4.44%
$400k-600k	20	$9,260,000	$463,000	$6,498	4.40%
$600k-1MM	7	$5,335,000	$762,143	$10,307	4.66%
$1MM+	6	$8,700,000	$1,450,000	$10,883	5.16%

2019 saw United Bank place emphasis on $100,000 or less loans with 393 originations, totaling $20,685,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	192	$23,370,000	$121,719	$3,906	4.98%
$50k or less	187	$15,925,000	$85,160	$3,483	4.84%
$75k-100k	142	$19,930,000	$140,352	$4,080	4.86%
$100k-150k	132	$22,640,000	$171,515	$4,501	4.96%
$150k-250k	92	$19,600,000	$213,043	$5,152	4.81%
$250k+	38	$14,380,000	$378,421	$5,847	4.80%

United Bank lent most frequently to those with incomes in the $50k-75k range, with 192 originations. The second most popular income band? $50k or less, with 187 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	139	$21,885,000	$157,446	$3,763	4.33%
30-36%	107	$17,735,000	$165,748	$4,140	4.42%
<20%	60	$7,500,000	$125,000	$3,533	4.64%
43%	39	$6,515,000	$167,051	$4,718	4.53%
39%	31	$7,535,000	$243,065	$5,031	4.51%
41%	25	$3,885,000	$155,400	$4,511	4.48%
37%	22	$3,390,000	$154,091	$3,898	5.02%
42%	20	$3,730,000	$186,500	$4,225	4.69%
38%	20	$4,470,000	$223,500	$4,623	4.23%
45%	18	$3,560,000	$197,778	$5,094	4.32%
47%	18	$3,270,000	$181,667	$4,217	4.47%
44%	18	$3,730,000	$207,222	$4,568	4.27%
40%	16	$2,520,000	$157,500	$3,713	4.34%
36%	15	$2,235,000	$149,000	$4,464	4.58%
50-60%	15	$1,855,000	$123,667	$7,101	5.64%
>60%	15	$1,215,000	$81,000	$1,193	6.30%
49%	13	$1,975,000	$151,923	$3,899	4.56%
48%	8	$850,000	$106,250	$3,476	5.11%
46%	7	$955,000	$136,429	$3,716	4.43%

United Bank lent most frequently to those with DTI ratios of 20-30%, with 139 originations. The next most common DTI ratio? 30-36%, with 107 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	705	$105,905,000	$150,220	$4,161	4.86%
Not applicable	97	$16,705,000	$172,216	$0	6.01%
Black	54	$5,070,000	$93,889	$3,614	5.74%
Not provided	21	$4,445,000	$211,667	$4,517	3.99%
Chinese	1	$395,000	$395,000	$6,145	3.75%
Asian	3	$345,000	$115,000	$3,597	4.71%
Asian Indian	1	$55,000	$55,000	$3,276	3.75%
Korean	1	$45,000	$45,000	$0	6.00%

Approval Rates

Total approvals of all applications
88.82%

United Bank has an average approval rate.

Pick Rate

Approvals leading to origination
65.35%

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	883	$132,965,000	$150,583

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	1	$165,000	$165,000
Multifamily:Site-Built	23	$7,715,000	$335,435
Single Family (1-4 Units):Manufactured	80	$4,420,000	$55,250
Single Family (1-4 Units):Site-Built	779	$120,665,000	$154,897

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	80	$7,770,000	$97,125	$2,942	5.47%
40-60%	158	$20,500,000	$129,747	$3,366	5.12%
60-80%	337	$53,875,000	$159,866	$4,039	5.02%
80-100%	280	$49,780,000	$177,786	$4,894	4.71%
Over 100%	3	$285,000	$95,000	$3,635	5.13%
Under 20%	25	$755,000	$30,200	$862	6.30%

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
UNITED COMMUNITY BANK	Conventional home mortgage	Struggling to pay mortgage	1	100.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
United Bank	1 East Main Street Forsyth, GA 31029	Full Service B&M	$77,138
United Bank	10788 Estes Road Macon, GA 31210	Full Service B&M	$17,523
United Bank	1340 West Taylor Street Griffin, GA 30223	Full Service B&M	$19,770
United Bank	150 Covington Street Jackson, GA 30233	Full Service B&M	$139,144
United Bank	1500 West Mcintosh Road Griffin, GA 30223	Full Service B&M	$61,999
United Bank	1735 Zebulon Road Griffin, GA 30224	Full Service Retail	$7,933
United Bank	215 North Center Street Thomaston, GA 30286	Full Service B&M	$121,450
United Bank	256 North Maiin Street Madison, GA 30650	Full Service B&M	$63,219
United Bank	308 Thomaston Street Barnesville, GA 30204	Full Service B&M	$198,526
United Bank	33 Jones Mill Road Woodbury, GA 30293	Full Service B&M	$23,098
United Bank	4908 Bill Gardner Parkway Locust Grove, GA 30248	Full Service Retail	$11,905
United Bank	505 South Hill Street Griffin, GA 30223	Full Service B&M	$165,874
United Bank	61 Bullsboro Drive Newnan, GA 30263	Full Service B&M	$73,794
United Bank	625 South Highway 341 Barnesville, GA 30204	Full Service Retail	$10,589
United Bank	685 Griffin Street Zebulon, GA 30295	Full Service B&M	$120,468
United Bank	7200 Hwy 278 Covington, GA 30014	Full Service B&M	$108,222
United Bank	855 North Church Street Thomaston, GA 30286	Full Service Retail	$3,830
United Bank	State Highway 362 Williamson, GA 30292	Full Service B&M	$43,102

For 2019, United Bank had 18 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$58,537
Net interest income	$53,270
Total noninterest income	$24,932
Gross Fiduciary activities income	$3,065
Service charges on deposit accounts	$9,412
Trading account gains and fees	$0
Additional Noninterest Income	$12,455
Pre-tax net operating income	$34,414
Securities gains (or losses, -)	$-6
Income before extraordinary items	$34,408
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$34,408
Minority interest net income	$0
Net income	$34,408
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$34,414

United Bank's gross interest income from loans was $58,537,000.
United Bank's net interest income from loans was $53,270,000.
United Bank's fee based income from loans was $9,412,000.
United Bank's net income from loans was $34,408,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$5,267
Provision for credit losses	$486
Total noninterest expense	$43,302
Salaries and employee benefits	$26,924
Premises and equipment expense	$6,352
Additional noninterest expense	$10,026
Applicable income taxes	$0
Net charge-offs	$-61
Cash dividends	$22,539

United Bank's interest expense for loans was $5,267,000.
United Bank's payroll and benefits expense were $26,924,000.
United Bank's property, plant and equipment expenses $6,352,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	1.0%
Real Estate loans	1.0%
Construction & Land Development loans	0.0%
Nonfarm, nonresidential loans	2.0%
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	$1,352,168
Deposits held in domestic offices	$1,352,168
Deposits by Individuals, partnerships, and corporations	$1,120,949
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$231,219
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	$306,999
Demand deposits	$213,043
Nontransaction accounts	$1,045,169
Money market deposit accounts (MMDAs)	$721,370
Other savings deposits (excluding MMDAs)	$143,061
Total time deposits	$180,738
Total time and savings deposits	$1,139,125
Noninterest-bearing deposits	$213,041
Interest-bearing deposits	$1,139,127
Retail deposits	$1,340,437
IRAs and Keogh plan accounts	$53,247
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,510,787
Cash & Balances due from depository institutions	$382,295
Interest-bearing balances	$348,440
Total securities	$395,435
Federal funds sold & reverse repurchase	$0
Net loans and leases	$697,886
Loan and leases loss allowance	$12,313
Trading account assets	$0
Bank premises and fixed assets	$21,582
Other real estate owned	$46
Goodwill and other intangibles	$5,127
All other assets	$8,416

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,510,787
Total Liabilities	$1,359,037
Total deposits	$1,352,168
Interest-bearing deposits	$1,139,127
Deposits held in domestic offices	$1,352,168
% insured (estimated)	$97
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$6,869

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$697,886
Loan and leases loss allowance	$12,313
Total loans and leases (domestic)	$710,199
All real estate loans	$613,429
Real estate loans in domestic offices	$613,429
Construction and development loans	$146,592
Residential 1-4 family construction	$52,644
Other construction, all land development and other land	$93,948
Loans secured by nonfarm nonresidential properties	$207,923
Nonfarm nonresidential secured by owner-occupied properties	$124,329
Commercial real estate & other non-farm, non-residential	$83,594
Multifamily residential real estate	$17,304
1-4 family residential loans	$230,620
Farmland loans	$10,990
Loans held in foreign offices	$0
Farm loans	$89
Commercial and industrial loans	$56,244
To non-U.S. addressees	$0
Loans to individuals	$34,446
Credit card loans	$3,112
Related Plans	$712
Consumer Auto Loans	$11,746
Other loans to individuals	$18,876
All other loans & leases	$5,991
Loans to foreign governments and official institutions	$0
Other loans	$1,736
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 $697,886,000 of loans outstanding in 2019. $613,429,000 of loans were in real estate loans. $146,592,000 of loans were in development loans. $17,304,000 of loans were in multifamily mortgage loans. $230,620,000 of loans were in 1-4 family mortgage loans. $89,000 of loans were in farm loans. $3,112,000 of loans were in credit card loans. $11,746,000 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	676	$113,773	$168,303
Nonfarm, nonresidential loans - <$100k	231	$9,498	$41,117
Nonfarm, nonresidential loans - $100-250k	219	$25,537	$116,607
Nonfarm, nonresidential loans - $250k-1MM	226	$78,738	$348,398
Commercial & Industrial, US addressed loans - <$1MM	1,416	$51,069	$36,066
Commercial & Industrial, US addressed loans - <$100k	1,208	$20,436	$16,917
Commercial & Industrial, US addressed loans - $100-250k	138	$12,410	$89,928
Commercial & Industrial, US addressed loans - $250k-1MM	70	$18,223	$260,329
Farmland loans - <$1MM	68	$7,064	$103,882
Farmland loans - <$100k	33	$1,205	$36,515
Farmland loans - $100-250k	24	$3,223	$134,292
Farmland loans - $250k-1MM	11	$2,636	$239,636
Agriculture operations loans - <$1MM	5	$89	$17,800
Agriculture operations loans - <$100k	5	$89	$17,800