United Bank Mortgage Rates, Fees & Info
Zebulon, GALEI: 549300S61HFNW2YFEK61
Tax ID: 58-0153300
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Mortgage Data
Review & Overview
United Bank is a smaller bank specializing in Home Purchase 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, Gainesville, and Athens 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.61% | 4/28/24 |
| 30 Year Conventional Refi | 6.59% | 4/28/24 |
| 30 Year Cash-out Refi | 6.93% | 4/28/24 |
| 30 Year FHA Purchase | 7.19% | 4/28/24 |
| 30 Year FHA Refi | 6.27% | 4/28/24 |
| 30 Year VA Purchase | 6.36% | 4/28/24 |
| 30 Year VA Refi | 6.27% | 4/28/24 |
| 30 Year USDA Purchase | 6.69% | 4/28/24 |
| 15 Year Conventional Purchase | 6.31% | 4/28/24 |
| 15 Year Conventional Refi | 7.09% | 4/28/24 |
| 15 Year Cash-out Refi | 7.09% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,003Origination Dollar Volume (All Markets)
$151,175,000Awards
United Bank - 2022
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For 2022, less than of lenders were eligible for this award.
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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) | 742 | $112,180,000 | $151,186 | $5,402 | 5.36% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 96 | $15,930,000 | $165,938 | $4,978 | 5.61% |
| Thomaston, GA (FHA|USDA|VA) | 110 | $10,670,000 | $97,000 | $4,097 | 5.30% |
| Outside of Metro Areas | 25 | $5,275,000 | $211,000 | $6,998 | 5.23% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $10,200 | 6.50% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $4,123 | 5.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 5.50% |
| Milledgeville, GA (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $3,996 | 6.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $4,262 | 5.46% |
| LaGrange, GA-AL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $7,848 | 5.54% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 5.95% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,948 | 5.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,773 | 5.50% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,828 | 4.38% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,533 | 3.13% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,346 | 3.75% |
| Dublin, GA (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $0 | 6.38% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.50% |
| OCALA, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,298 | 4.75% |
| Seneca, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.31% |
| Albertville, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,216 | 4.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.50% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,529 | 4.88% |
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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Product Mix
For 2022, United Bank's most frequently originated type of loan was Conventional, with 585 originations. Their 2nd most popular type was HELOC, with 390 originations.
Loan Reason
For 2022, United Bank's most frequently cited loan purpose was Home Purchase, with 321 originations. The 2nd most popular reason was Home Improvement, with 246 originations.
Loan Duration/Length
For 2022, United Bank's most frequently cited loan duration was 15 Year, with 442 originations. The 2nd most popular length was 30 Year, with 258 originations.
Origination Fees/Closing Costs
United Bank's average total fees were $6,095, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 121 originations.
Interest Rates
During 2022, United Bank's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was 5-6%, with 286 originations.
Loan Sizing
2022 saw United Bank place emphasis on $100,000 or less loans with 497 originations, totaling $26,465,000 in origination value.
Applicant Income
United Bank lent most frequently to those with incomes in the $50k-75k range, with 199 originations. The second most popular income band? $100k-150k, with 186 originations.
Applicant Debt to Income Ratio
United Bank lent most frequently to those with DTI ratios of 20-30%, with 188 originations. The next most common DTI ratio? 30-36%, with 155 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.51%
United Bank has an average approval rate.
Pick Rate
Approvals leading to origination74.58%
United Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,003 | $151,175,000 | $150,723 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |