United Home Loans Mortgage Rates, Fees & Info
CHICAGO, ILLEI: 549300UKYJZO6CZXIX60
Tax ID: 36-4489176
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
United Home Loans is a smaller mortgage company specializing in Home Purchase and Refi loans. United Home Loans has a high proportion of conventional loans. 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 include Chicago, Nashville, Minneapolis, Milwaukee, and Cape Coral among others. United Home Loans has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. United Home Loans is typically an average fee lendor.Originations
1,028Origination Dollar Volume (All Markets)
$361,370,000Awards
UNITED HOME LOANS - 2021
UNITED HOME LOANS is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
United Home Loans 's average 30 year fixed rate mortgage of loans were
3.03%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.12%.
Relative Fees
United Home Loans 's average total fees for a 30 year fixed rate
mortgage are $4,137.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 905 | $313,055,000 | $345,917 | $4,116 | 2.96% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 25 | $10,445,000 | $417,800 | $3,882 | 3.06% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 9 | $5,595,000 | $621,667 | $4,350 | 3.10% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 11 | $4,335,000 | $394,091 | $2,185 | 3.06% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 7 | $2,785,000 | $397,857 | $3,575 | 2.73% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $2,340,000 | $585,000 | $4,549 | 3.06% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $2,225,000 | $741,667 | $7,070 | 2.83% |
| MADISON, WI (FHA|USDA|VA) | 4 | $1,810,000 | $452,500 | $2,817 | 2.83% |
| Whitewater, WI (FHA|USDA|VA) | 4 | $1,790,000 | $447,500 | $2,920 | 2.97% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $1,660,000 | $276,667 | $5,939 | 2.94% |
| Outside of Metro Areas | 5 | $1,615,000 | $323,000 | $3,559 | 3.15% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $1,360,000 | $680,000 | $6,540 | 3.19% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $8,124 | 2.75% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $3,658 | 2.63% |
| DULUTH, MN-WI (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $3,411 | 3.00% |
| RACINE, WI (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $2,388 | 2.56% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $2,705 | 2.68% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $3,767 | 2.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,552 | 2.87% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,517 | 3.37% |
| Edwards, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,051 | 2.99% |
| PEORIA, IL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,782 | 3.19% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,671 | 2.88% |
| Ottawa, IL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,964 | 2.97% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,267 | 3.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,714 | 3.13% |
| KANKAKEE, IL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,616 | 2.81% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,532 | 3.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,022 | 2.88% |
| NILES, MI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,712 | 2.81% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,310 | 2.63% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,017 | 3.88% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,078 | 3.88% |
| Scottsburg, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,169 | 2.38% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,045 | 2.95% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,051 | 3.50% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,731 | 3.12% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,686 | 3.13% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,691 | 2.50% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,667 | 3.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,554 | 3.25% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,436 | 3.13% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,960 | 4.25% |
United Home Loans 's top markets include Chicago, Nashville, Minneapolis, Milwaukee, and Cape Coral among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 985 | $349,215,000 | $354,533 | $3,917 | 2.97% |
| FHA | 32 | $8,590,000 | $268,438 | $8,076 | 2.91% |
| VA | 10 | $3,400,000 | $340,000 | $6,725 | 2.65% |
| USDA | 1 | $165,000 | $165,000 | $6,668 | 3.25% |
For the 2021 period, United Home Loans 's most frequently originated loan type of loans were Conventional, with 985 originations. Their 2nd most popular type is FHA, with 32 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 517 | $187,425,000 | $362,524 | $5,332 | 2.98% |
| Refi | 437 | $148,605,000 | $340,057 | $2,859 | 2.91% |
| Cash Out Refi | 71 | $23,635,000 | $332,887 | $2,501 | 3.14% |
| Home Improvement | 3 | $1,705,000 | $568,333 | $3,706 | 3.04% |
For the 2021, United Home Loans 's most frequently cited loan purpose of loans were Home Purchase, with 517 originations. The 2nd most popular reason of loans were Refi, with 437 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 870 | $312,540,000 | $359,241 | $4,137 | 3.03% |
| 15 Year | 113 | $35,445,000 | $313,673 | $4,267 | 2.52% |
| 20 Year | 20 | $6,240,000 | $312,000 | $2,278 | 2.84% |
| Other | 18 | $4,880,000 | $271,111 | $2,567 | 2.96% |
| 10 Year | 7 | $2,265,000 | $323,571 | $2,826 | 2.41% |
For the 2021, United Home Loans 's most frequently cited loan length of loans were 30 Year, with 870 originations. The 2nd most popular length of loans were 15 Year, with 113 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 991 | $347,645,000 | $350,802 |
| $2k-3k | 12 | $5,070,000 | $422,500 |
| $3k-4k | 7 | $2,305,000 | $329,286 |
| $5k+ | 6 | $2,730,000 | $455,000 |
| $<1k | 5 | $1,725,000 | $345,000 |
$4,137 of loans were United Home Loans 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 991 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 566 | $207,340,000 | $366,325 |
| 3-4% | 318 | $104,970,000 | $330,094 |
| <2.5% | 125 | $44,335,000 | $354,680 |
| 4-5% | 19 | $4,725,000 | $248,684 |
During 2021, United Home Loans 's average interest rate of loans were 3.03%, while their most frequently originated rate bucket of loans were 2.5-3%, with 566 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 515 | $151,355,000 | $293,893 | $4,279 | 2.96% |
| $400k-600k | 221 | $106,655,000 | $482,602 | $4,120 | 2.87% |
| $100k-200k | 187 | $29,765,000 | $159,171 | $3,384 | 3.07% |
| $600k-1MM | 67 | $50,795,000 | $758,134 | $4,179 | 2.99% |
| $100,000 or less | 20 | $1,620,000 | $81,000 | $3,027 | 3.02% |
| $1MM+ | 18 | $21,180,000 | $1,176,667 | $5,833 | 2.94% |
2021 saw United Home Loans place emphasis on $200k-400k loans with 515 originations, totaling $151,355,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 253 | $101,745,000 | $402,154 | $3,971 | 2.94% |
| $100k-150k | 248 | $82,360,000 | $332,097 | $4,487 | 2.99% |
| $75k-100k | 168 | $46,210,000 | $275,060 | $3,938 | 3.01% |
| $50k-75k | 154 | $32,180,000 | $208,961 | $4,092 | 2.94% |
| $250k+ | 150 | $86,550,000 | $577,000 | $3,862 | 2.94% |
| $50k or less | 52 | $11,350,000 | $218,269 | $3,775 | 2.90% |
United Home Loans lent most frequently to those with incomes in the $150k-250k range, with 253 originations. The second most popular income band? $100k-150k, with 248 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 304 | $111,440,000 | $366,579 | $3,903 | 2.95% |
| 30-36% | 224 | $78,480,000 | $350,357 | $3,943 | 2.98% |
| <20% | 116 | $39,230,000 | $338,190 | $3,209 | 2.87% |
| 37% | 43 | $14,065,000 | $327,093 | $3,828 | 3.01% |
| 43% | 37 | $13,175,000 | $356,081 | $3,872 | 2.95% |
| 42% | 36 | $12,290,000 | $341,389 | $4,534 | 3.04% |
| 38% | 34 | $12,010,000 | $353,235 | $4,032 | 2.96% |
| 36% | 31 | $13,305,000 | $429,194 | $10,049 | 2.99% |
| 39% | 27 | $9,935,000 | $367,963 | $4,351 | 2.97% |
| 40% | 26 | $9,040,000 | $347,692 | $3,720 | 2.96% |
| 41% | 25 | $8,305,000 | $332,200 | $3,671 | 3.07% |
| 44% | 25 | $7,305,000 | $292,200 | $4,013 | 2.88% |
| 45% | 21 | $6,675,000 | $317,857 | $4,211 | 2.99% |
| 49% | 20 | $7,690,000 | $384,500 | $4,037 | 3.03% |
| 46% | 18 | $5,480,000 | $304,444 | $4,122 | 3.12% |
| 47% | 17 | $4,925,000 | $289,706 | $3,646 | 2.98% |
| 48% | 17 | $5,655,000 | $332,647 | $4,410 | 2.98% |
| 50-60% | 6 | $2,160,000 | $360,000 | $6,677 | 2.73% |
| >60% | 1 | $205,000 | $205,000 | $1,783 | 2.25% |
United Home Loans lent most frequently to those with DTI ratios of 20-30%, with 304 originations. The next most common DTI ratio? 30-36%, with 224 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 855 | $303,535,000 | $355,012 | $3,985 | 2.95% |
| Not provided | 116 | $39,070,000 | $336,810 | $4,639 | 3.02% |
| Asian | 32 | $11,930,000 | $372,813 | $4,495 | 3.02% |
| Black | 15 | $3,865,000 | $257,667 | $4,668 | 2.87% |
| Asian Indian | 5 | $1,385,000 | $277,000 | $3,403 | 2.97% |
| American Indian | 3 | $815,000 | $271,667 | $3,023 | 2.71% |
| Chinese | 1 | $455,000 | $455,000 | $5,246 | 2.99% |
| Korean | 1 | $315,000 | $315,000 | $1,934 | 2.50% |
Approval Rates
Total approvals of all applications97.88%
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 origination81.45%
United Home Loans has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,028 | $361,370,000 | $351,527 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,028 | $361,370,000 | $351,527 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 36 | $10,130,000 | $281,389 | $2,858 | 2.73% |
| 40-60% | 116 | $31,920,000 | $275,172 | $4,207 | 2.86% |
| 60-80% | 465 | $172,705,000 | $371,409 | $3,324 | 3.01% |
| 80-100% | 401 | $144,255,000 | $359,738 | $4,967 | 2.96% |
| Over 100% | 5 | $1,655,000 | $331,000 | $10,614 | 2.75% |
| Under 20% | 5 | $705,000 | $141,000 | $2,445 | 2.57% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| United Home Loan Services Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
