United Northern Mortgage Bankers Limited Rates, Fees & Info

LEVITTOWN, NY

LEI: 549300TCY9QY8BRDQJ12

Tax ID: 11-2590182

1 stars - Updated: 10/13/24 - out of 5 stars, based on 31 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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.

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 6.72% 10/13/24
30 Year Conventional Refi 6.74% 10/13/24
30 Year FHA Purchase 7.42% 10/13/24
30 Year FHA Refi 7.05% 10/13/24
30 Year VA Purchase 6.15% 10/13/24
30 Year VA Refi 6.56% 10/13/24
15 Year Conventional Purchase 6.26% 10/13/24
15 Year Conventional Refi 6.25% 10/13/24
15 Year Cash-out Refi 6.25% 10/13/24
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™ 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

965

Origination Dollar Volume (All Markets)

$416,095,000

Relative 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%
United Northern Mortgage Bankers Limited's top markets include New York, Poughkeepsie, Nashville, Bridgeport, and New Haven among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 680 $270,320,000 $397,529 $9,755 6.82%
    FHA 269 $139,395,000 $518,197 $22,634 6.57%
    VA 16 $6,380,000 $398,750 $13,554 6.45%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 887 $387,565,000 $436,939 $13,603 6.75%
    Refi 77 $27,875,000 $362,013 $14,398 6.74%
    Cash Out Refi 1 $655,000 $655,000 $0 6.63%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 956 $413,530,000 $432,563 $13,708 6.75%
    15 Year 6 $1,930,000 $321,667 $9,438 6.19%
    Other 2 $270,000 $135,000 $6,610 7.25%
    20 Year 1 $365,000 $365,000 $8,735 6.50%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 539 $272,145,000 $504,907
    $4k-5k 108 $36,360,000 $336,667
    $1k-2k 88 $30,750,000 $349,432
    $3k-4k 88 $27,880,000 $316,818
    $2k-3k 66 $24,210,000 $366,818
    $<1k 11 $4,005,000 $364,091

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 361 $178,075,000 $493,283 $14,807 6.70%
    $200k-400k 331 $99,725,000 $301,284 $10,398 6.82%
    $600k-1MM 160 $113,150,000 $707,188 $20,722 6.78%
    $100k-200k 95 $15,015,000 $158,053 $6,034 6.62%
    $100,000 or less 10 $800,000 $80,000 $4,620 6.55%
    $1MM+ 8 $9,330,000 $1,166,250 $33,433 6.89%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 329 $135,025,000 $410,410 $13,749 6.71%
    $150k-250k 313 $163,905,000 $523,658 $15,843 6.80%
    $75k-100k 140 $45,110,000 $322,214 $11,557 6.66%
    $250k+ 91 $53,625,000 $589,286 $14,362 6.96%
    $50k-75k 85 $17,415,000 $204,882 $8,283 6.65%
    $50k or less 7 $1,015,000 $145,000 $7,010 6.38%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 145 $77,675,000 $535,690 $22,216 6.59%
    30-36% 110 $41,790,000 $379,909 $9,641 6.85%
    20-30% 82 $27,170,000 $331,341 $8,406 6.74%
    49% 75 $30,975,000 $413,000 $12,277 6.84%
    48% 62 $29,290,000 $472,419 $14,874 6.68%
    45% 60 $27,340,000 $455,667 $13,501 6.82%
    44% 59 $26,965,000 $457,034 $14,020 6.80%
    46% 50 $22,470,000 $449,400 $15,143 6.60%
    47% 46 $20,490,000 $445,435 $15,356 6.71%
    43% 46 $21,600,000 $469,565 $13,093 6.82%
    41% 38 $16,000,000 $421,053 $12,414 6.83%
    38% 34 $15,590,000 $458,529 $12,582 6.70%
    42% 34 $13,240,000 $389,412 $11,021 6.85%
    40% 33 $14,035,000 $425,303 $12,485 6.58%
    39% 30 $10,980,000 $366,000 $9,732 6.85%
    36% 22 $7,630,000 $346,818 $9,100 6.89%
    37% 20 $7,360,000 $368,000 $11,736 6.87%
    <20% 17 $4,745,000 $279,118 $6,466 6.68%
    >60% 2 $750,000 $375,000 $13,252 7.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 557 $228,635,000 $410,476 $12,503 6.78%
    Black 249 $110,515,000 $443,835 $17,010 6.69%
    Asian 120 $59,340,000 $494,500 $12,067 6.74%
    Not provided 30 $13,890,000 $463,000 $12,532 6.67%
    American Indian 4 $1,430,000 $357,500 $15,117 6.72%
    Native Hawaiian or Islander 3 $1,415,000 $471,667 $16,711 6.54%
    Not applicable 2 $870,000 $435,000 $11,997 6.38%

    Approval Rates

    Total approvals of all applications
    95.33%

    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 origination
    69.02%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    965 $416,095,000 $431,187

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $5,625,000 $208,333 $8,634 6.51%
    40-60% 66 $21,020,000 $318,485 $9,868 6.61%
    60-80% 257 $104,035,000 $404,805 $10,570 6.89%
    80-100% 611 $283,265,000 $463,609 $15,214 6.71%
    Over 100% 3 $1,845,000 $615,000 $29,193 6.33%
    Under 20% 1 $305,000 $305,000 $11,897 6.38%