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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) 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: New York, Allentown, Poughkeepsie, Bridgeport, and Los Angeles among others. We have data for 44 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 12/16/24 |
| 30 Year Conventional Refi | 6.74% | 12/16/24 |
| 30 Year FHA Purchase | 7.42% | 12/16/24 |
| 30 Year FHA Refi | 7.05% | 12/16/24 |
| 30 Year VA Purchase | 6.15% | 12/16/24 |
| 30 Year VA Refi | 6.56% | 12/16/24 |
| 15 Year Conventional Purchase | 6.26% | 12/16/24 |
| 15 Year Conventional Refi | 6.25% | 12/16/24 |
| 15 Year Cash-out Refi | 6.25% | 12/16/24 |
| 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
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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
1,237Origination Dollar Volume (All Markets)
$407,415,000Top 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) | 992 | $351,690,000 | $354,526 | $9,607 | 4.93% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 74 | $14,630,000 | $197,703 | $5,756 | 5.01% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 51 | $13,885,000 | $272,255 | $8,469 | 4.87% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 16 | $4,810,000 | $300,625 | $10,033 | 4.90% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 10 | $2,830,000 | $283,000 | $4,482 | 5.69% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 9 | $1,895,000 | $210,556 | $8,031 | 4.85% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $1,880,000 | $235,000 | $6,526 | 5.25% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 6 | $1,390,000 | $231,667 | $7,583 | 5.08% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $4,870 | 4.85% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $1,205,000 | $172,143 | $5,466 | 5.09% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $6,203 | 4.93% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $8,541 | 5.17% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $7,649 | 5.06% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $4,534 | 4.92% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $9,993 | 5.13% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $4,469 | 4.50% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $2,452 | 5.06% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 4.93% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $3,272 | 4.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,437 | 4.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,804 | 4.97% |
| Outside of Metro Areas | 3 | $375,000 | $125,000 | $6,610 | 5.04% |
| Hudson, NY (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,752 | 4.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 5.54% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,381 | 4.99% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 5.17% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,855 | 5.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.68% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 5.46% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.56% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 5.24% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,172 | 5.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,522 | 5.63% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 4.86% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,918 | 4.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,762 | 4.88% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 6.25% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.60% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,224 | 4.88% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.51% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,946 | 5.13% |
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.
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Product Mix
For 2018, United Northern Mortgage Bankers Limited's most frequently originated type of loan was Conventional, with 776 originations. Their 2nd most popular type was FHA, with 364 originations.
Loan Reason
For 2018, United Northern Mortgage Bankers Limited's most frequently cited loan purpose was Home Purchase, with 1,011 originations. The 2nd most popular reason was Cash Out Refi, with 98 originations.
Loan Duration/Length
For 2018, United Northern Mortgage Bankers Limited's most frequently cited loan duration was 30 Year, with 1,132 originations. The 2nd most popular length was Other, with 72 originations.
Origination Fees/Closing Costs
United Northern Mortgage Bankers Limited's average total fees were $9,234, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 341 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 751 | $258,695,000 | $344,467 |
| 5-6% | 449 | $136,725,000 | $304,510 |
| 3-4% | 23 | $8,415,000 | $365,870 |
| 6-7% | 10 | $2,380,000 | $238,000 |
During 2018, United Northern Mortgage Bankers Limited's average interest rate for loans was 4.94%, while their most frequently originated rate bucket for loans was 4-5%, with 751 originations.
Loan Sizing
2018 saw United Northern Mortgage Bankers Limited place emphasis on $200k-400k loans with 635 originations, totaling $190,175,000 in origination value.
Applicant Income
United Northern Mortgage Bankers Limited lent most frequently to those with incomes in the $100k-150k range, with 391 originations. The second most popular income band? $75k-100k, with 329 originations.
Applicant Debt to Income Ratio
United Northern Mortgage Bankers Limited lent most frequently to those with DTI ratios of 30-36%, with 147 originations. The next most common DTI ratio? 50-60%, with 143 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.47%
United Northern Mortgage Bankers Limited has an average approval rate.
Pick Rate
Approvals leading to origination81.08%
United Northern Mortgage Bankers Limited has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,237 | $407,415,000 | $329,357 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,237 | $407,415,000 | $329,357 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED MORTGAGE CORP | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| UNITED MORTGAGE CORP | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
| UNITED MORTGAGE CORP | FHA mortgage | Struggling to pay mortgage | 1 | 33.3% |