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 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, Miami, and New Haven among others. We have data for 63 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 6/4/23 |
| 30 Year Conventional Refi | 6.74% | 6/4/23 |
| 30 Year FHA Purchase | 7.42% | 6/4/23 |
| 30 Year FHA Refi | 7.05% | 6/4/23 |
| 30 Year VA Purchase | 6.15% | 6/4/23 |
| 30 Year VA Refi | 6.56% | 6/4/23 |
| 15 Year Conventional Purchase | 6.26% | 6/4/23 |
| 15 Year Conventional Refi | 6.25% | 6/4/23 |
| 15 Year Cash-out Refi | 6.25% | 6/4/23 |
| 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
1,414Origination Dollar Volume (All Markets)
$601,000,000Awards
UNITED NORTHERN MORTGAGE BANKERS LIMITED - 2022
UNITED NORTHERN MORTGAGE BANKERS LIMITED is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
United Northern Mortgage Bankers Limited's average 30 year fixed mortgage rate was
5.03%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
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 $12,353.
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) | 1,052 | $484,540,000 | $460,589 | $12,923 | 4.95% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 87 | $32,075,000 | $368,678 | $10,329 | 5.11% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 49 | $19,225,000 | $392,347 | $11,878 | 5.09% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 21 | $6,475,000 | $308,333 | $7,877 | 4.84% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 20 | $5,240,000 | $262,000 | $8,734 | 5.09% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 18 | $5,090,000 | $282,778 | $9,813 | 4.94% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 16 | $4,430,000 | $276,875 | $10,705 | 5.30% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $3,710,000 | $371,000 | $10,902 | 5.60% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $3,215,000 | $292,273 | $12,329 | 5.74% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 7 | $2,865,000 | $409,286 | $8,069 | 4.61% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 9 | $2,375,000 | $263,889 | $8,749 | 5.18% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $2,240,000 | $280,000 | $9,416 | 4.28% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 9 | $2,225,000 | $247,222 | $8,684 | 5.42% |
| Outside of Metro Areas | 5 | $1,645,000 | $329,000 | $11,459 | 4.98% |
| KINGSTON, NY (FHA|USDA|VA) | 5 | $1,485,000 | $297,000 | $12,270 | 5.78% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,385,000 | $277,000 | $8,233 | 4.28% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $17,020 | 5.56% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $10,707 | 5.91% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $15,638 | 4.63% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,160,000 | $580,000 | $11,435 | 4.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $10,468 | 5.75% |
| Hudson, NY (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $5,850 | 3.75% |
| Torrington, CT (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $13,302 | 5.81% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $12,150 | 4.46% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $9,341 | 4.95% |
| UTICA-ROME, NY (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $8,312 | 5.83% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $9,040 | 6.08% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $17,702 | 5.50% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $7,988 | 5.13% |
| ROCHESTER, NY (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $5,540 | 5.38% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $7,206 | 4.38% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $25,193 | 5.44% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $12,135 | 4.13% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $10,745 | 5.63% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $9,549 | 5.00% |
| READING, PA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $8,538 | 5.94% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $11,556 | 3.50% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $8,643 | 4.31% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $7,733 | 6.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,879 | 5.38% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 6.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,213 | 5.38% |
| WACO, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,086 | 4.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,654 | 3.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $11,073 | 5.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,703 | 3.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,866 | 3.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,663 | 3.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,360 | 7.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,307 | 4.50% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,510 | 6.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,390 | 5.63% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,166 | 4.63% |
| Amsterdam, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,063 | 5.75% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,097 | 5.75% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,573 | 5.38% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,206 | 3.88% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,235 | 6.25% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,785 | 4.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,249 | 4.38% |
| Gloversville, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,212 | 7.00% |
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Product Mix
For 2022, United Northern Mortgage Bankers Limited's most frequently originated type of loan was Conventional, with 1,077 originations. Their 2nd most popular type was FHA, with 313 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,173 | $507,125,000 | $432,332 | $12,451 | 5.15% |
| Refi | 241 | $93,875,000 | $389,523 | $11,106 | 4.26% |
For 2022, United Northern Mortgage Bankers Limited's most frequently cited loan purpose was Home Purchase, with 1,173 originations. The 2nd most popular reason was Refi, with 241 originations.
Loan Duration/Length
For 2022, United Northern Mortgage Bankers Limited's most frequently cited loan duration was 30 Year, with 1,383 originations. The 2nd most popular length was 15 Year, with 19 originations.
Origination Fees/Closing Costs
United Northern Mortgage Bankers Limited's average total fees were $12,353, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 701 originations.
Interest Rates
During 2022, United Northern Mortgage Bankers Limited's average interest rate for loans was 5.03%, while their most frequently originated rate bucket for loans was 5-6%, with 478 originations.
Loan Sizing
2022 saw United Northern Mortgage Bankers Limited place emphasis on $400k-600k loans with 557 originations, totaling $276,415,000 in origination value.
Applicant Income
United Northern Mortgage Bankers Limited lent most frequently to those with incomes in the $100k-150k range, with 574 originations. The second most popular income band? $150k-250k, with 310 originations.
Applicant Debt to Income Ratio
United Northern Mortgage Bankers Limited lent most frequently to those with DTI ratios of 30-36%, with 172 originations. The next most common DTI ratio? 50-60%, with 144 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.61%
United Northern Mortgage Bankers Limited has an average approval rate.
Pick Rate
Approvals leading to origination64.71%
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 | 1,414 | $601,000,000 | $425,035 |
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% |