United Home Loans Mortgage Rates, Fees & Info

CHICAGO, IL

LEI: 549300UKYJZO6CZXIX60

Tax ID: 36-4489176

5 stars - out of 5 stars, based on 32 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & 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 by origination volume include: Chicago, Nashville, Minneapolis, Milwaukee, and Cape Coral among others. We have data for 43 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 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.

    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 6.70% 12/4/22
    30 Year Conventional Refi 6.63% 12/4/22
    30 Year Cash-out Refi 6.79% 12/4/22
    30 Year FHA Purchase 7.52% 12/4/22
    30 Year FHA Refi 7.07% 12/4/22
    30 Year VA Purchase 6.51% 12/4/22
    30 Year VA Refi 5.77% 12/4/22
    30 Year USDA Purchase 7.40% 12/4/22
    15 Year Conventional Purchase 6.05% 12/4/22
    15 Year Conventional Refi 6.02% 12/4/22
    15 Year Cash-out Refi 6.02% 12/4/22
    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.


    Originations

    1,028

    Origination Dollar Volume (All Markets)

    $361,370,000

    Awards

    UNITED HOME LOANS FHA Loans silver
    Show all (1) awards

    Relative Rate

    United Home Loans's average 30 year fixed mortgage rate was 3.03%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.12%.

    Relative Fees (Closing Costs)

    United Home Loans's average total fees/closing costs for a 30 year fixed rate mortgage were $4,137.

    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
    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.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Minnesota (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.

    First Savings Bank of Hegewisch
    Similarity Rank: 45
    Liberty Bank for Savings
    Similarity Rank: 153
    KELLEY MORTGAGE, LLC
    Similarity Rank: 336
    The Greenwood's State Bank
    Similarity Rank: 500
    First Vision Bank of Tennessee
    Similarity Rank: 657
    NORTHWESTERN MUTUAL
    Similarity Rank: 670
    US COMMUNITY
    Similarity Rank: 686
    The Park Bank
    Similarity Rank: 819
    Hometown Bank
    Similarity Rank: 840
    AMERITRUST MORTGAGE CORPORATION
    Similarity Rank: 861

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, United Home Loans's most frequently originated type of loan was Conventional, with 985 originations. Their 2nd most popular type was FHA, with 32 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, United Home Loans's most frequently cited loan purpose was Home Purchase, with 517 originations. The 2nd most popular reason was 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 2021, United Home Loans's most frequently cited loan duration was 30 Year, with 870 originations. The 2nd most popular length was 15 Year, with 113 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 991 $347,645,000 $350,802
    $2k-3k 12 $5,070,000 $422,500
    $5k+ 6 $2,730,000 $455,000
    $<1k 5 $1,725,000 $345,000
    $4k-5k 4 $1,510,000 $377,500
    $3k-4k 3 $795,000 $265,000

    United Home Loans's average total fees were $4,137, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.03%, while their most frequently originated rate bucket for loans was 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 applications
    98.36%

    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
    77.92%

    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%