United Home Loans Mortgage Rates, Fees & Info

CHICAGO, IL

LEI: 549300UKYJZO6CZXIX60

Tax ID: 36-4489176

5 stars - Updated: 12/2/24 - out of 5 stars, based on 20 reviews

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

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Mortgage Data

Review & Overview

United Home Loans is a smaller mortgage company specializing in Home Purchase loans. United Home Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Chicago, Dallas, Nashville, Detroit, and South Bend among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)

United Home Loans 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 Home Loans 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 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 6.50% 12/2/24
30 Year Conventional Refi 6.22% 12/2/24
30 Year Cash-out Refi 5.95% 12/2/24
30 Year FHA Purchase 7.32% 12/2/24
30 Year FHA Refi 6.45% 12/2/24
30 Year VA Purchase 6.44% 12/2/24
30 Year USDA Purchase 6.43% 12/2/24
15 Year Conventional Purchase 6.22% 12/2/24
15 Year Conventional Refi 6.01% 12/2/24
15 Year Cash-out Refi 6.01% 12/2/24
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 Home Loans Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from United Home Loans. 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

406

Origination Dollar Volume (All Markets)

$144,690,000

Relative Rate

United Home Loans's average 30 year fixed mortgage rate was 6.92%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.44%.

Relative Fees (Closing Costs)

United Home Loans's average total fees/closing costs for a 30 year fixed rate mortgage were $7,117.

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
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 353 $124,255,000 $351,997 $7,128 6.68%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $2,035,000 $678,333 $7,432 7.33%
Outside of Metro Areas 4 $1,740,000 $435,000 $5,819 7.69%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $1,730,000 $432,500 $5,086 7.12%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $1,690,000 $422,500 $3,995 7.28%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $1,180,000 $590,000 $8,369 7.19%
NILES, MI (FHA|USDA|VA) 4 $1,040,000 $260,000 $8,016 7.59%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $1,020,000 $510,000 $13,832 9.31%
Whitewater, WI (FHA|USDA|VA) 2 $1,000,000 $500,000 $9,368 7.56%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $920,000 $460,000 $4,054 7.25%
KANKAKEE, IL (FHA|USDA|VA) 4 $900,000 $225,000 $6,225 6.31%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $795,000 $795,000 $30,884 6.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $670,000 $335,000 $8,793 7.88%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $665,000 $665,000 $3,247 6.25%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $600,000 $300,000 $4,169 7.06%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $530,000 $265,000 $5,130 6.56%
LOUISVILLE, KY (FHA|USDA|VA) 1 $525,000 $525,000 $4,527 6.38%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $485,000 $485,000 $11,344 7.99%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $455,000 $455,000 $5,479 7.49%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $445,000 $445,000 $2,985 7.38%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $415,000 $415,000 $5,012 7.38%
TOLEDO, OH (FHA|USDA|VA) 1 $385,000 $385,000 $4,795 7.63%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $245,000 $245,000 $4,868 5.75%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $225,000 $225,000 $2,103 7.25%
FORT WAYNE, IN (FHA|USDA|VA) 1 $215,000 $215,000 $3,457 7.50%
Holland, MI (FHA|USDA|VA) 1 $195,000 $195,000 $6,151 7.63%
ROCKFORD, IL (FHA|USDA|VA) 2 $170,000 $85,000 $8,908 3.13%
PEORIA, IL (FHA|USDA|VA) 1 $95,000 $95,000 $3,851 5.63%
MUNCIE, IN (FHA|USDA|VA) 1 $65,000 $65,000 $2,039 7.50%
United Home Loans's top markets include Chicago, Dallas, Nashville, Detroit, and South Bend among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

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

    NORTHWESTERN MUTUAL
    Similarity Rank: 44
    First Savings Bank of Hegewisch
    Similarity Rank: 46
    Glacier Hills Credit Union
    Similarity Rank: 54
    National Exchange Bank and Trust
    Similarity Rank: 112
    First Farmers and Merchants Bank
    Similarity Rank: 130
    Citizens Bank
    Similarity Rank: 192
    Empower Credit Union
    Similarity Rank: 203
    PyraMax Bank, FSB
    Similarity Rank: 270
    Liberty Bank for Savings
    Similarity Rank: 279
    Westbury Bank
    Similarity Rank: 330

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 365 $130,365,000 $357,164 $6,716 6.74%
    FHA 27 $8,575,000 $317,593 $10,126 6.80%
    VA 14 $5,750,000 $410,714 $9,516 6.48%

    For 2023, United Home Loans's most frequently originated type of loan was Conventional, with 365 originations. Their 2nd most popular type was FHA, with 27 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 390 $139,750,000 $358,333 $7,154 6.72%
    Cash Out Refi 8 $2,680,000 $335,000 $4,200 7.34%
    Refi 7 $2,065,000 $295,000 $4,762 6.64%
    Home Improvement 1 $195,000 $195,000 $2,713 7.25%

    For 2023, United Home Loans's most frequently cited loan purpose was Home Purchase, with 390 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 381 $139,675,000 $366,601 $7,117 6.92%
    5 Year 11 $55,000 $5,000 $0 0.00%
    15 Year 9 $3,045,000 $338,333 $5,771 6.32%
    20 Year 4 $1,610,000 $402,500 $5,129 6.94%
    Other 1 $305,000 $305,000 $0 10.50%

    For 2023, United Home Loans's most frequently cited loan duration was 30 Year, with 381 originations. The 2nd most popular length was 5 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 237 $86,835,000 $366,392
    $5k+ 50 $21,510,000 $430,200
    $2k-3k 47 $15,785,000 $335,851
    $3k-4k 28 $9,630,000 $343,929
    $4k-5k 23 $8,305,000 $361,087
    $<1k 21 $2,625,000 $125,000

    United Home Loans's average total fees were $7,117, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 237 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 214 $78,230,000 $365,561
    7-8% 141 $53,595,000 $380,106
    5-6% 27 $8,125,000 $300,926
    Over 8% 13 $4,685,000 $360,385
    <2.5% 11 $55,000 $5,000

    During 2023, United Home Loans's average interest rate for loans was 6.92%, while their most frequently originated rate bucket for loans was 6-7%, with 214 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 195 $58,275,000 $298,846 $7,121 6.95%
    $400k-600k 79 $38,635,000 $489,051 $7,316 6.91%
    $100k-200k 64 $10,150,000 $158,594 $5,856 6.78%
    $600k-1MM 48 $33,360,000 $695,000 $8,217 6.99%
    $100,000 or less 17 $515,000 $30,294 $3,767 2.49%
    $1MM+ 3 $3,755,000 $1,251,667 $9,704 6.71%

    2023 saw United Home Loans place emphasis on $200k-400k loans with 195 originations, totaling $58,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 103 $31,455,000 $305,388 $6,778 6.55%
    $150k-250k 94 $39,880,000 $424,255 $7,058 7.03%
    $250k+ 84 $46,320,000 $551,429 $7,469 7.10%
    $75k-100k 63 $16,005,000 $254,048 $7,522 6.50%
    $50k-75k 51 $9,805,000 $192,255 $6,760 6.40%
    $50k or less 11 $1,225,000 $111,364 $4,675 5.92%

    United Home Loans lent most frequently to those with incomes in the $100k-150k range, with 103 originations. The second most popular income band? $150k-250k, with 94 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 72 $27,290,000 $379,028 $6,272 6.73%
    30-36% 71 $25,255,000 $355,704 $6,690 6.58%
    <20% 24 $7,480,000 $311,667 $6,265 6.55%
    49% 23 $7,855,000 $341,522 $6,880 6.55%
    39% 22 $7,770,000 $353,182 $7,130 7.10%
    46% 22 $8,420,000 $382,727 $7,809 7.14%
    44% 19 $6,225,000 $327,632 $9,154 6.54%
    48% 19 $5,755,000 $302,895 $7,411 6.88%
    42% 18 $5,350,000 $297,222 $6,246 6.84%
    43% 17 $5,995,000 $352,647 $7,408 7.09%
    36% 17 $7,275,000 $427,941 $6,462 6.52%
    38% 17 $5,945,000 $349,706 $6,325 6.94%
    40% 15 $6,025,000 $401,667 $6,842 6.39%
    47% 13 $4,495,000 $345,769 $8,377 6.60%
    45% 12 $4,110,000 $342,500 $8,087 7.11%
    37% 9 $3,785,000 $420,556 $10,193 6.81%
    50-60% 8 $3,270,000 $408,750 $9,001 6.37%
    41% 8 $2,390,000 $298,750 $6,551 6.70%

    United Home Loans lent most frequently to those with DTI ratios of 20-30%, with 72 originations. The next most common DTI ratio? 30-36%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 347 $126,505,000 $364,568 $7,004 6.74%
    Not provided 25 $7,795,000 $311,800 $7,239 6.63%
    Asian 14 $4,820,000 $344,286 $7,261 6.85%
    Black 12 $3,130,000 $260,833 $6,675 6.64%
    Asian Indian 5 $1,425,000 $285,000 $9,238 6.80%
    American Indian 2 $610,000 $305,000 $4,736 6.81%
    Filipino 1 $405,000 $405,000 $12,684 6.75%

    Approval Rates

    Total approvals of all applications
    95.34%

    United Home Loans 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
    73.89%

    United Home Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 406 $144,690,000 $356,379

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    406 $144,690,000 $356,379

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $2,850,000 $237,500 $5,701 7.07%
    40-60% 27 $8,875,000 $328,704 $6,388 6.85%
    60-80% 125 $46,195,000 $369,560 $7,249 7.10%
    80-100% 227 $84,885,000 $373,943 $6,927 6.83%
    Over 100% 3 $1,705,000 $568,333 $21,736 6.46%
    Under 20% 12 $180,000 $15,000 $2,650 0.51%