United Northern Mortgage Bankers Limited Rates, Fees & Info
LEVITTOWN, NYLEI: 549300TCY9QY8BRDQJ12
Tax ID: 11-2590182
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Mortgage Data
Review & Overview
United Northern Mortgage Bankers Limited is a smaller bank specializing in Home Purchase loans. United Northern Mortgage Bankers Limited has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: New York, Poughkeepsie, Nashville, Bridgeport, and New Haven among others. We have data for 54 markets. (Some data included below & more in-depth data is available with an active subscription.)United Northern Mortgage Bankers Limited 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 Northern Mortgage Bankers Limited is typically a high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 11/11/24 |
| 30 Year Conventional Refi | 6.74% | 11/11/24 |
| 30 Year FHA Purchase | 7.42% | 11/11/24 |
| 30 Year FHA Refi | 7.05% | 11/11/24 |
| 30 Year VA Purchase | 6.15% | 11/11/24 |
| 30 Year VA Refi | 6.56% | 11/11/24 |
| 15 Year Conventional Purchase | 6.26% | 11/11/24 |
| 15 Year Conventional Refi | 6.25% | 11/11/24 |
| 15 Year Cash-out Refi | 6.25% | 11/11/24 |
| 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 Northern Mortgage Bankers Limited Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from United Northern Mortgage Bankers Limited. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
965Origination Dollar Volume (All Markets)
$416,095,000Relative Rate
United Northern Mortgage Bankers Limited's average 30 year fixed mortgage rate was
6.75%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.27%.
Relative Fees (Closing Costs)
United Northern Mortgage Bankers Limited's average total fees/closing costs for a 30 year fixed rate
mortgage were $13,708.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 655 | $311,215,000 | $475,137 | $14,707 | 6.71% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 82 | $29,190,000 | $355,976 | $10,980 | 6.86% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 37 | $15,485,000 | $418,514 | $12,430 | 6.86% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 23 | $10,175,000 | $442,391 | $14,100 | 6.89% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 21 | $6,255,000 | $297,857 | $11,255 | 6.90% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 16 | $5,210,000 | $325,625 | $14,549 | 6.69% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $4,865,000 | $442,273 | $13,637 | 6.97% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 10 | $2,600,000 | $260,000 | $10,508 | 7.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 11 | $2,525,000 | $229,545 | $5,978 | 6.65% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $2,365,000 | $337,857 | $10,864 | 6.82% |
| Outside of Metro Areas | 8 | $2,010,000 | $251,250 | $11,118 | 6.83% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $1,835,000 | $262,143 | $9,246 | 6.95% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $6,990 | 6.77% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $1,580,000 | $395,000 | $14,926 | 6.47% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,465,000 | $293,000 | $9,623 | 6.60% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 6 | $1,320,000 | $220,000 | $6,318 | 6.92% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $10,784 | 6.95% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $6,666 | 6.72% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $17,818 | 6.25% |
| KINGSTON, NY (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $12,225 | 7.38% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $11,893 | 6.58% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $12,543 | 7.56% |
| Hudson, NY (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $7,744 | 6.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $9,124 | 7.69% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,508 | 5.88% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $11,848 | 6.63% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $12,019 | 5.88% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $7,617 | 7.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $10,745 | 6.19% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $29,896 | 5.13% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $17,723 | 6.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $14,432 | 7.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,805 | 6.13% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,672 | 5.75% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,425 | 6.50% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,117 | 7.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,866 | 7.13% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 7.50% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,688 | 6.63% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 7.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,877 | 6.88% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,183 | 7.38% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,778 | 7.13% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,325 | 6.50% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,712 | 6.38% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,047 | 7.13% |
| Amsterdam, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,629 | 6.75% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,736 | 5.88% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $11,045 | 5.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 6.63% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,430 | 6.63% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.38% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.00% |
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Product Mix
For 2023, United Northern Mortgage Bankers Limited's most frequently originated type of loan was Conventional, with 680 originations. Their 2nd most popular type was FHA, with 269 originations.
Loan Reason
For 2023, United Northern Mortgage Bankers Limited's most frequently cited loan purpose was Home Purchase, with 887 originations. The 2nd most popular reason was Refi, with 77 originations.
Loan Duration/Length
For 2023, United Northern Mortgage Bankers Limited's most frequently cited loan duration was 30 Year, with 956 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
United Northern Mortgage Bankers Limited's average total fees were $13,708, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 539 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 602 | $258,650,000 | $429,651 |
| 7-8% | 267 | $116,725,000 | $437,172 |
| 5-6% | 87 | $36,735,000 | $422,241 |
| Over 8% | 9 | $3,985,000 | $442,778 |
During 2023, United Northern Mortgage Bankers Limited's average interest rate for loans was 6.75%, while their most frequently originated rate bucket for loans was 6-7%, with 602 originations.
Loan Sizing
2023 saw United Northern Mortgage Bankers Limited place emphasis on $400k-600k loans with 361 originations, totaling $178,075,000 in origination value.
Applicant Income
United Northern Mortgage Bankers Limited lent most frequently to those with incomes in the $100k-150k range, with 329 originations. The second most popular income band? $150k-250k, with 313 originations.
Applicant Debt to Income Ratio
United Northern Mortgage Bankers Limited lent most frequently to those with DTI ratios of 50-60%, with 145 originations. The next most common DTI ratio? 30-36%, with 110 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.33%
United Northern Mortgage Bankers Limited has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination69.02%
United Northern Mortgage Bankers Limited 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 | 965 | $416,095,000 | $431,187 |