United Northern Mortgage Bankers Limited Rates, Fees & Info

LEVITTOWN, NY

LEI: 549300TCY9QY8BRDQJ12

Tax ID: 11-2590182

1.4 stars - out of 5 stars, based on 53 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    United Northern Mortgage Bankers Limited is a small bank specializing in Home Purchase and Refi loans. United Northern Mortgage Bankers Limited has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Poughkeepsie, Bridgeport, New Haven, and Atlanta among others. We have data for 67 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 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
    Home Equity Line of Credit (HELOC) 6.73% 11/26/22
    30 Year Conventional Purchase 6.90% 11/26/22
    30 Year Conventional Refi 6.92% 11/26/22
    30 Year Cash-out Refi 6.61% 11/26/22
    30 Year FHA Purchase 7.71% 11/26/22
    30 Year FHA Refi 7.47% 11/26/22
    30 Year VA Purchase 6.67% 11/26/22
    30 Year VA Refi 6.55% 11/26/22
    15 Year Conventional Purchase 6.34% 11/26/22
    15 Year Conventional Refi 6.24% 11/26/22
    15 Year Cash-out Refi 6.24% 11/26/22
    15 Year VA Refi 6.02% 11/26/22
    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.


    Originations

    2,782

    Origination Dollar Volume (All Markets)

    $1,116,280,000

    Awards

    UNITED NORTHERN MORTGAGE BANKERS LIMITED 30 Year Conventional Loans bronze
    Show all (1) awards

    Relative Rate

    United Northern Mortgage Bankers Limited's average 30 year fixed mortgage rate was 3.08%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.07%.

    Relative Fees (Closing Costs)

    United Northern Mortgage Bankers Limited's average total fees/closing costs for a 30 year fixed rate mortgage were $8,550.

    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 $4,750.

    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) 2,166 $934,830,000 $431,593 $8,697 3.04%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 164 $53,630,000 $327,012 $7,091 3.03%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 89 $30,855,000 $346,685 $7,788 3.01%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 32 $8,890,000 $277,813 $7,350 3.12%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 31 $8,165,000 $263,387 $6,849 3.26%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 29 $8,165,000 $281,552 $7,647 3.08%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 28 $7,860,000 $280,714 $7,841 3.18%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 18 $4,270,000 $237,222 $6,991 3.21%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $3,760,000 $313,333 $7,867 3.17%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 8 $3,460,000 $432,500 $7,108 2.89%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $3,290,000 $235,000 $6,843 3.28%
    KINGSTON, NY (FHA|USDA|VA) 10 $3,270,000 $327,000 $5,516 2.94%
    Outside of Metro Areas 14 $3,220,000 $230,000 $5,225 3.10%
    OCEAN CITY, NJ (FHA|USDA|VA) 13 $3,065,000 $235,769 $3,203 2.91%
    RALEIGH-CARY, NC (FHA|USDA|VA) 7 $2,665,000 $380,714 $6,247 2.80%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 11 $2,585,000 $235,000 $7,281 3.08%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 6 $2,350,000 $391,667 $7,560 3.35%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $2,285,000 $326,429 $9,371 2.79%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 11 $2,215,000 $201,364 $5,807 3.13%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $1,940,000 $323,333 $9,805 3.19%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 6 $1,900,000 $316,667 $7,682 2.92%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 9 $1,875,000 $208,333 $3,318 2.72%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 9 $1,845,000 $205,000 $6,047 3.21%
    JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,695,000 $339,000 $9,804 3.15%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 6 $1,590,000 $265,000 $6,101 3.27%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $1,295,000 $259,000 $5,468 3.10%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $985,000 $328,333 $3,800 3.21%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $825,000 $275,000 $5,983 3.46%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $705,000 $705,000 $3,157 3.38%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $690,000 $172,500 $3,878 3.03%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $685,000 $228,333 $7,316 3.92%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 4 $670,000 $167,500 $2,357 2.56%
    Torrington, CT (FHA|USDA|VA) 3 $655,000 $218,333 $7,778 3.17%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 4 $580,000 $145,000 $6,665 3.34%
    Hudson, NY (FHA|USDA|VA) 2 $570,000 $285,000 $5,174 2.69%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $555,000 $555,000 $3,857 3.00%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 3 $555,000 $185,000 $9,362 3.38%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $545,000 $545,000 $5,486 3.38%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $535,000 $535,000 $0 3.25%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $495,000 $495,000 $4,584 3.25%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $465,000 $465,000 $4,327 3.00%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $400,000 $200,000 $3,650 2.75%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $385,000 $385,000 $7,171 3.50%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $385,000 $385,000 $7,552 3.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $380,000 $190,000 $7,042 3.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $355,000 $355,000 $0 2.35%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 3 $285,000 $95,000 $3,695 3.75%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $285,000 $285,000 $0 4.13%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $265,000 $265,000 $3,880 2.88%
    EL PASO, TX (FHA|USDA|VA) 1 $225,000 $225,000 $5,793 3.50%
    Athens, TX (FHA|USDA|VA) 1 $225,000 $225,000 $9,569 3.00%
    RICHMOND, VA (FHA|USDA|VA) 2 $220,000 $110,000 $5,252 3.31%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $215,000 $215,000 $4,473 4.13%
    COLUMBIA, SC (FHA|USDA|VA) 1 $215,000 $215,000 $3,357 2.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,393 2.88%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.99%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $175,000 $175,000 $6,887 2.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,793 2.13%
    READING, PA (FHA|USDA|VA) 1 $165,000 $165,000 $7,916 2.50%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $145,000 $145,000 $4,211 3.38%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,725 3.13%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.75%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.75%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $135,000 $135,000 $2,185 2.38%
    Lewistown, PA (FHA|USDA|VA) 1 $125,000 $125,000 $5,651 2.38%
    JACKSON, TN (FHA|USDA|VA) 1 $115,000 $115,000 $7,567 3.13%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $115,000 $115,000 $5,064 3.25%
    United Northern Mortgage Bankers Limited's top markets include New York, Poughkeepsie, Bridgeport, New Haven, and Atlanta among others.

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

    We use machine learning to identify the top lenders compared against UNITED NORTHERN MORTGAGE BANKERS LIMITED based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,265 $879,205,000 $388,170 $6,722 3.07%
    FHA 469 $217,265,000 $463,252 $15,301 2.97%
    VA 41 $17,895,000 $436,463 $9,739 2.83%
    FHA 6 $1,490,000 $248,333 $0 3.91%
    HELOC 1 $425,000 $425,000 n/a 3.13%

    For 2021, United Northern Mortgage Bankers Limited's most frequently originated type of loan was Conventional, with 2,265 originations. Their 2nd most popular type was FHA, with 469 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,687 $701,455,000 $415,800 $9,018 3.05%
    Refi 1,095 $414,825,000 $378,836 $7,179 3.05%

    For 2021, United Northern Mortgage Bankers Limited's most frequently cited loan purpose was Home Purchase, with 1,687 originations. The 2nd most popular reason was Refi, with 1,095 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,547 $1,042,755,000 $409,405 $8,550 3.08%
    15 Year 136 $40,160,000 $295,294 $5,473 2.51%
    20 Year 51 $18,045,000 $353,824 $5,964 2.88%
    Other 43 $14,465,000 $336,395 $6,917 3.03%
    10 Year 5 $855,000 $171,000 $4,502 2.40%

    For 2021, United Northern Mortgage Bankers Limited's most frequently cited loan duration was 30 Year, with 2,547 originations. The 2nd most popular length was 15 Year, with 136 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,085 $418,575,000 $385,783
    $2k-3k 384 $137,790,000 $358,828
    $5k+ 371 $190,785,000 $514,245
    $3k-4k 296 $119,790,000 $404,696
    $<1k 232 $91,670,000 $395,129
    $4k-5k 192 $82,330,000 $428,802

    United Northern Mortgage Bankers Limited's average total fees were $8,550, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,085 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,261 $519,175,000 $411,717
    2.5-3% 1,221 $488,535,000 $400,111
    <2.5% 260 $93,430,000 $359,346
    4-5% 38 $14,490,000 $381,316
    5-6% 2 $650,000 $325,000

    During 2021, United Northern Mortgage Bankers Limited's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 3-4%, with 1,261 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,119 $345,795,000 $309,021 $6,865 3.02%
    $400k-600k 1,027 $499,305,000 $486,178 $9,185 3.04%
    $600k-1MM 304 $214,020,000 $704,013 $13,579 3.16%
    $100k-200k 299 $47,205,000 $157,876 $4,934 3.08%
    $100,000 or less 26 $2,200,000 $84,615 $4,005 3.06%
    $1MM+ 7 $7,755,000 $1,107,857 $21,355 3.36%

    2021 saw United Northern Mortgage Bankers Limited place emphasis on $200k-400k loans with 1,119 originations, totaling $345,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 976 $427,640,000 $438,156 $8,971 3.05%
    $75k-100k 651 $236,115,000 $362,696 $8,076 3.02%
    $150k-250k 541 $256,085,000 $473,355 $8,833 3.07%
    $50k-75k 397 $109,045,000 $274,673 $7,085 3.03%
    $250k+ 114 $61,020,000 $535,263 $7,599 3.13%
    $50k or less 92 $22,270,000 $242,065 $6,301 3.00%

    United Northern Mortgage Bankers Limited lent most frequently to those with incomes in the $100k-150k range, with 976 originations. The second most popular income band? $75k-100k, with 651 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 424 $163,360,000 $385,283 $7,291 3.03%
    20-30% 407 $143,515,000 $352,617 $6,359 3.01%
    44% 165 $69,575,000 $421,667 $8,752 3.07%
    43% 149 $63,245,000 $424,463 $8,455 3.10%
    49% 147 $59,555,000 $405,136 $9,716 2.99%
    50-60% 145 $69,825,000 $481,552 $14,954 2.95%
    42% 144 $60,720,000 $421,667 $7,929 3.06%
    45% 139 $57,305,000 $412,266 $8,353 3.04%
    47% 138 $59,350,000 $430,072 $9,295 3.11%
    41% 128 $50,910,000 $397,734 $8,699 3.15%
    46% 117 $52,165,000 $445,855 $9,423 3.10%
    48% 116 $46,920,000 $404,483 $8,943 3.06%
    39% 110 $46,470,000 $422,455 $8,471 3.08%
    40% 106 $41,900,000 $395,283 $7,567 3.10%
    38% 101 $40,845,000 $404,406 $7,818 3.09%
    37% 83 $31,155,000 $375,361 $7,180 3.08%
    36% 75 $28,655,000 $382,067 $7,156 2.99%
    <20% 57 $18,935,000 $332,193 $5,674 3.02%
    >60% 6 $2,870,000 $478,333 $9,687 2.75%

    United Northern Mortgage Bankers Limited lent most frequently to those with DTI ratios of 30-36%, with 424 originations. The next most common DTI ratio? 20-30%, with 407 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,576 $613,150,000 $389,055 $7,636 3.04%
    Black 748 $301,930,000 $403,650 $9,725 3.08%
    Asian 355 $161,415,000 $454,690 $8,383 2.99%
    Not provided 70 $28,530,000 $407,571 $8,055 3.11%
    Not applicable 17 $5,215,000 $306,765 $8,049 2.90%
    American Indian 11 $3,995,000 $363,182 $10,627 3.10%
    Native Hawaiian or Islander 4 $1,870,000 $467,500 $4,718 2.91%
    Asian Indian 1 $175,000 $175,000 $7,015 3.00%

    Approval Rates

    Total approvals of all applications
    96.46%

    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
    76.02%

    United Northern Mortgage Bankers Limited has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,782 $1,116,280,000 $401,251

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,782 $1,116,280,000 $401,251

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 76 $19,550,000 $257,237 $6,003 2.89%
    40-60% 299 $101,415,000 $339,181 $6,119 2.92%
    60-80% 1,041 $410,105,000 $393,953 $7,034 3.12%
    80-100% 1,340 $576,350,000 $430,112 $9,703 3.03%
    Over 100% 9 $4,935,000 $548,333 $19,202 2.94%
    Under 20% 8 $1,150,000 $143,750 $5,856 2.84%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    UNITED MORTGAGE CORP VA mortgage Trouble during payment process 1 33.3%
    UNITED MORTGAGE CORP Conventional home mortgage Trouble during payment process 1 33.3%
    UNITED MORTGAGE CORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%