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, Panama City, and Lagrange 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 above 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.

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:

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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

875

Origination Dollar Volume (All Markets)

$160,775,000

Employee count

401

Awards

United Bank 30 Year Conventional Loans gold

Show all (1) 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)	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.

Their top states include:

Georgia (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Alabama (FHA|USDA|VA)

South Carolina (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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LOANFLIGHT LENDING, LLC
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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, United Bank's most frequently originated type of loan was Conventional, with 842 originations. Their 2nd most popular type was FHA, with 17 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, United Bank's most frequently cited loan purpose was Home Purchase, with 433 originations. The 2nd most popular reason was 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 2021, United Bank's most frequently cited loan duration was 30 Year, with 396 originations. The 2nd most popular length was Other, with 202 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	235	$26,715,000	$113,681
$2k-3k	228	$48,250,000	$211,623
$3k-4k	81	$25,415,000	$313,765
$<1k	27	$1,845,000	$68,333
$4k-5k	27	$11,695,000	$433,148
$5k+	15	$8,335,000	$555,667

United Bank's average total fees were $4,794, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.20%, while their most frequently originated rate bucket for loans was 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
91.76%

United Bank has an average approval rate.

Pick Rate

Approvals leading to origination
34.17%

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	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
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

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