United Savings Bank Mortgage Rates, Fees & Info
Philadelphia, PALEI: 549300YQIT31SHVP5K64
Tax ID: 23-0791885
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Mortgage Data
Review & Overview
United Savings Bank is a smaller bank specializing in Home Purchase loans. United Savings Bank has a high proportion of conventional loans. Their top two markets are Philadelphia and Ocean City .United Savings Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
26Origination Dollar Volume (All Markets)
$6,780,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 24 | $5,810,000 | $242,083 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 26 | $6,780,000 | $260,769 | $0 | 0.00% |
For 2023, United Savings Bank's most frequently originated type of loan was Conventional, with 26 originations.
Loan Reason
For 2023, United Savings Bank's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Home Improvement, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 26 | $6,780,000 | $260,769 | $0 | 0.00% |
For 2023, United Savings Bank's most frequently cited loan duration was Other, with 26 originations.
Loan Sizing
2023 saw United Savings Bank place emphasis on $200k-400k loans with 11 originations, totaling $3,565,000 in origination value.
Applicant Income
United Savings Bank lent most frequently to those with incomes in the $250k+ range, with 7 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 26 | $6,780,000 | $260,769 | $0 | 0.00% |
United Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.71%
United Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination73.08%
United Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 26 | $6,780,000 | $260,769 |