United Savings Bank Mortgage Rates, Fees & Info

Philadelphia, PA

LEI: 549300YQIT31SHVP5K64

Tax ID: 23-0791885

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

Review & Overview

United Savings Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. United Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Ocean City, and Miami among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

United Savings Bank 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.

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Originations

103

Origination Dollar Volume (All Markets)

$24,365,000

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	95	$20,195,000	$212,579	$0	0.00%
OCEAN CITY, NJ (FHA\|USDA\|VA)	7	$3,865,000	$552,143	$0	0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	1	$305,000	$305,000	$0	0.00%

United Savings Bank's top markets include Philadelphia, Ocean City, and Miami among others.

Their top states include:

Pennsylvania (FHA|USDA|VA)

New Jersey (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	103	$24,365,000	$236,553	$0	0.00%

For 2018, United Savings Bank's most frequently originated type of loan was Conventional, with 103 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Cash Out Refi	65	$13,865,000	$213,308	$0	0.00%
Home Purchase	21	$7,045,000	$335,476	$0	0.00%
Refi	15	$3,155,000	$210,333	$0	0.00%
Home Improvement	2	$300,000	$150,000	$0	0.00%

For 2018, United Savings Bank's most frequently cited loan purpose was Cash Out Refi, with 65 originations. The 2nd most popular reason was Home Purchase, with 21 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	103	$24,365,000	$236,553	$0	0.00%

For 2018, United Savings Bank's most frequently cited loan duration was Other, with 103 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	40	$10,970,000	$274,250	$0	0.00%
$100k-200k	33	$4,545,000	$137,727	$0	0.00%
$100,000 or less	18	$1,180,000	$65,556	$0	0.00%
$400k-600k	8	$3,670,000	$458,750	$0	0.00%
$1MM+	2	$2,420,000	$1,210,000	$0	0.00%
$600k-1MM	2	$1,580,000	$790,000	$0	0.00%

2018 saw United Savings Bank place emphasis on $200k-400k loans with 40 originations, totaling $10,970,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$250k+	13	$5,345,000	$411,154	$0	0.00%
$150k-250k	9	$2,215,000	$246,111	$0	0.00%
$100k-150k	8	$1,550,000	$193,750	$0	0.00%
$50k or less	7	$805,000	$115,000	$0	0.00%
$75k-100k	6	$490,000	$81,667	$0	0.00%
$50k-75k	5	$735,000	$147,000	$0	0.00%

United Savings Bank lent most frequently to those with incomes in the $250k+ range, with 13 originations. The second most popular income band? $150k-250k, with 9 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	103	$24,365,000	$236,553	$0	0.00%

United Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 103 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	55	$13,225,000	$240,455	$0	0.00%
White	36	$8,490,000	$235,833	$0	0.00%
Asian	6	$1,310,000	$218,333	$0	0.00%
Not provided	4	$860,000	$215,000	$0	0.00%
American Indian	2	$480,000	$240,000	$0	0.00%

Approval Rates

Total approvals of all applications
91.33%

United Savings Bank has an average approval rate.

Pick Rate

Approvals leading to origination
81.55%

United Savings Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	103	$24,365,000	$236,553

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	6	$2,030,000	$338,333
Single Family (1-4 Units):Site-Built	97	$22,335,000	$230,258

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
UNITED COMMUNITY BANK	Other type of mortgage	Trouble during payment process	1	25.0%
UNITED COMMUNITY BANK	Conventional home mortgage	Trouble during payment process	1	25.0%
UNITED COMMUNITY BANK	Other type of mortgage	Applying for a mortgage or refinancing an existing mortgage	1	25.0%
UNITED COMMUNITY BANK	Other type of mortgage	Struggling to pay mortgage	1	25.0%