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 Refi and Home Purchase loans. United Northern Mortgage Bankers Limited has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: New York, Poughkeepsie, Bridgeport, Miami, and Atlanta among others. We have data for 62 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 an average 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,377Origination Dollar Volume (All Markets)
$913,105,000Awards
UNITED NORTHERN MORTGAGE BANKERS LIMITED - 2020
UNITED NORTHERN MORTGAGE BANKERS LIMITED is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 1,954 | $798,040,000 | $408,414 | $7,635 | 3.05% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 117 | $34,005,000 | $290,641 | $6,777 | 3.02% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 57 | $18,995,000 | $333,246 | $7,818 | 2.95% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 25 | $7,005,000 | $280,200 | $6,148 | 3.11% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 20 | $5,770,000 | $288,500 | $4,617 | 2.99% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 26 | $5,750,000 | $221,154 | $3,090 | 2.89% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 17 | $3,955,000 | $232,647 | $5,794 | 2.96% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 16 | $3,080,000 | $192,500 | $6,062 | 3.20% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $2,980,000 | $496,667 | $6,190 | 2.69% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 11 | $2,395,000 | $217,727 | $7,571 | 3.45% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 13 | $2,325,000 | $178,846 | $2,973 | 2.71% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 8 | $1,820,000 | $227,500 | $6,051 | 2.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $1,605,000 | $229,286 | $5,528 | 3.21% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $1,425,000 | $285,000 | $3,695 | 2.95% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $6,511 | 3.15% |
| Outside of Metro Areas | 7 | $1,165,000 | $166,429 | $4,443 | 3.09% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $5,662 | 2.68% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $6,002 | 3.53% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $4,557 | 2.80% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $3,556 | 2.60% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $6,247 | 3.38% |
| Torrington, CT (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $5,543 | 3.46% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $16,685 | 3.44% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $4,458 | 2.54% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $3,985 | 2.88% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $3,951 | 2.81% |
| NAPA, CA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $18,618 | 2.50% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $11,822 | 3.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,992 | 2.79% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,187 | 2.88% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 3.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $3,733 | 2.67% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $7,976 | 2.69% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 3.38% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,049 | 2.44% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,537 | 2.75% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,884 | 2.94% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $7,969 | 3.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,853 | 2.81% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $9,245 | 2.50% |
| OCALA, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,917 | 3.50% |
| GLENS FALLS, NY (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,978 | 2.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,570 | 2.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,342 | 3.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,216 | 2.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,123 | 2.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 3.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,893 | 2.63% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $11,032 | 2.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,652 | 3.13% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,505 | 3.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,422 | 2.63% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,044 | 2.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 2.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,273 | 2.75% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,704 | 2.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,137 | 3.13% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,709 | 3.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,736 | 2.50% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,509 | 2.88% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,512 | 2.63% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.38% |
Similar Lenders
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Product Mix
For 2020, United Northern Mortgage Bankers Limited's most frequently originated type of loan was Conventional, with 2,025 originations. Their 2nd most popular type was FHA, with 319 originations.
Loan Reason
For 2020, United Northern Mortgage Bankers Limited's most frequently cited loan purpose was Refi, with 1,285 originations. The 2nd most popular reason was Home Purchase, with 1,090 originations.
Loan Duration/Length
For 2020, United Northern Mortgage Bankers Limited's most frequently cited loan duration was 30 Year, with 2,076 originations. The 2nd most popular length was 15 Year, with 164 originations.
Origination Fees/Closing Costs
United Northern Mortgage Bankers Limited's average total fees were $7,699, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,007 originations.
Interest Rates
During 2020, United Northern Mortgage Bankers Limited's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,045 originations.
Loan Sizing
2020 saw United Northern Mortgage Bankers Limited place emphasis on $200k-400k loans with 1,118 originations, totaling $347,430,000 in origination value.
Applicant Income
United Northern Mortgage Bankers Limited lent most frequently to those with incomes in the $100k-150k range, with 809 originations. The second most popular income band? $75k-100k, with 584 originations.
Applicant Debt to Income Ratio
United Northern Mortgage Bankers Limited lent most frequently to those with DTI ratios of 30-36%, with 390 originations. The next most common DTI ratio? 20-30%, with 363 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.49%
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 origination85.86%
United Northern Mortgage Bankers Limited has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,377 | $913,105,000 | $384,142 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 2,377 | $913,105,000 | $384,142 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED MORTGAGE CORP | VA mortgage | Trouble during payment process | 1 | 33.3% |
| UNITED MORTGAGE CORP | FHA mortgage | Closing on a mortgage | 1 | 33.3% |
| UNITED MORTGAGE CORP | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |