United Savings Bank Mortgage Rates, Fees & Info
Philadelphia, PALEI: 549300YQIT31SHVP5K64
Tax ID: 23-0791885
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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, Atlantic City, and Naples among others. We have data for 4 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
78Origination Dollar Volume (All Markets)
$23,460,000Top 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) | 65 | $17,525,000 | $269,615 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 7 | $3,525,000 | $503,571 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 78 | $23,460,000 | $300,769 | $0 | 0.00% |
For 2019, United Savings Bank's most frequently originated type of loan was Conventional, with 78 originations.
Loan Reason
For 2019, United Savings Bank's most frequently cited loan purpose was Cash Out Refi, with 24 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 | 78 | $23,460,000 | $300,769 | $0 | 0.00% |
For 2019, United Savings Bank's most frequently cited loan duration was Other, with 78 originations.
Loan Sizing
2019 saw United Savings Bank place emphasis on $200k-400k loans with 29 originations, totaling $8,295,000 in origination value.
Applicant Income
United Savings Bank lent most frequently to those with incomes in the $250k+ range, with 18 originations. The second most popular income band? $150k-250k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 78 | $23,460,000 | $300,769 | $0 | 0.00% |
United Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.06%
United Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination69.23%
United Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 78 | $23,460,000 | $300,769 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 3 | $2,005,000 | $668,333 |
| Single Family (1-4 Units):Site-Built | 75 | $21,455,000 | $286,067 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |