National United Mortgage Rates, Fees & Info

Gatesville, TX

LEI: 549300Z3IVG2MX9Y3287

Tax ID: 74-0640690

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    National United is a smaller mortgage company specializing in Home Purchase and Refi loans. National United has a high proportion of conventional loans. Their top markets by origination volume include: Killeen, Waco, Austin, Dallas, and Mineral Wells among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    National United 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.

    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.


    Originations

    131

    Origination Dollar Volume (All Markets)

    $29,215,000

    Employee count

    144

    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
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 91 $17,745,000 $195,000 $0 0.00%
    WACO, TX (FHA|USDA|VA) 26 $5,780,000 $222,308 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 6 $4,290,000 $715,000 $0 0.00%
    Outside of Metro Areas 3 $415,000 $138,333 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $360,000 $180,000 $0 0.00%
    Mineral Wells, TX (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    Fredericksburg, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    National United's top markets include Killeen, Waco, Austin, Dallas, and Mineral Wells among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 131 $29,215,000 $223,015 $0 0.00%

    For 2020, National United's most frequently originated type of loan was Conventional, with 131 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 82 $16,750,000 $204,268 $0 0.00%
    Refi 38 $11,530,000 $303,421 $0 0.00%
    Home Improvement 6 $450,000 $75,000 $0 0.00%
    Other 5 $485,000 $97,000 $0 0.00%

    For 2020, National United's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 131 $29,215,000 $223,015 $0 0.00%

    For 2020, National United's most frequently cited loan duration was Other, with 131 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 46 $6,460,000 $140,435 $0 0.00%
    $100,000 or less 45 $2,875,000 $63,889 $0 0.00%
    $200k-400k 26 $6,970,000 $268,077 $0 0.00%
    $400k-600k 8 $3,900,000 $487,500 $0 0.00%
    $1MM+ 4 $7,290,000 $1,822,500 $0 0.00%
    $600k-1MM 2 $1,720,000 $860,000 $0 0.00%

    2020 saw National United place emphasis on $100k-200k loans with 46 originations, totaling $6,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 22 $3,850,000 $175,000 $0 0.00%
    $100k-150k 19 $3,635,000 $191,316 $0 0.00%
    $50k-75k 16 $1,850,000 $115,625 $0 0.00%
    $50k or less 15 $1,065,000 $71,000 $0 0.00%
    $250k+ 12 $3,270,000 $272,500 $0 0.00%
    $75k-100k 11 $1,455,000 $132,273 $0 0.00%

    National United lent most frequently to those with incomes in the $150k-250k range, with 22 originations. The second most popular income band? $100k-150k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 131 $29,215,000 $223,015 $0 0.00%

    National United lent most frequently to those with DTI ratios of Exempt%, with 131 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 90 $13,870,000 $154,111 $0 0.00%
    Not applicable 35 $13,745,000 $392,714 $0 0.00%
    American Indian 2 $780,000 $390,000 $0 0.00%
    Asian 3 $695,000 $231,667 $0 0.00%
    Not provided 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.53%

    National United has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    69.47%

    National United 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 131 $29,215,000 $223,015

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $11,705,000 $900,385
    Single Family (1-4 Units):Manufactured 4 $290,000 $72,500
    Single Family (1-4 Units):Site-Built 114 $17,220,000 $151,053

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    NATIONAL ASSET MORTGAGE, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    NATIONAL ASSET MORTGAGE, LLC Conventional home mortgage Trouble during payment process 1 33.3%
    NATIONAL ASSET MORTGAGE, LLC Other type of mortgage Incorrect information on your report 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    National United 408 South Main Street Copperas Cove, TX 76522 Full Service B&M $146,041
    National United 4103 East Central Texas Expressway Killeen, TX 76543 Full Service B&M $104,458
    National United 5500 Bagby Avenue Waco, TX 76711 Full Service B&M $24,452
    National United 701 North Hewitt Drive Hewitt, TX 76643 Full Service B&M $47,159
    National United 810 S Rock St Georgetown, TX 78626 Full Service B&M $2,803
    National United 905 Main Street Gatesville, TX 76528 Full Service B&M $266,040
    National United 907 South Key Avenue Lampasas, TX 76550 Full Service B&M $71,104

    For 2020, National United had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $27,750
    Net interest income $25,034
    Total noninterest income $5,424
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,564
    Trading account gains and fees $0
    Additional Noninterest Income $3,860
    Pre-tax net operating income $7,952
    Securities gains (or losses, -) $0
    Income before extraordinary items $6,404
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,404
    Minority interest net income $0
    Net income $6,404
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,404

    National United's gross interest income from loans was $27,750,000.
    National United's net interest income from loans was $25,034,000.
    National United's fee based income from loans was $1,564,000.
    National United's net income from loans was $6,404,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,716
    Provision for credit losses $1,342
    Total noninterest expense $21,164
    Salaries and employee benefits $12,274
    Premises and equipment expense $2,670
    Additional noninterest expense $6,220
    Applicable income taxes $1,548
    Net charge-offs $96
    Cash dividends $2,837

    National United's interest expense for loans was $2,716,000.
    National United's payroll and benefits expense were $12,274,000.
    National United's property, plant and equipment expenses $2,670,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 4.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $676,742
    Deposits held in domestic offices $676,742
    Deposits by Individuals, partnerships, and corporations $630,923
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $45,483
    Deposits by Commercial banks and other depository institutions in U.S. $337
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $326,971
    Demand deposits $193,005
    Nontransaction accounts $349,772
    Money market deposit accounts (MMDAs) $200,208
    Other savings deposits (excluding MMDAs) $54,873
    Total time deposits $94,691
    Total time and savings deposits $483,738
    Noninterest-bearing deposits $168,233
    Interest-bearing deposits $508,509
    Retail deposits $651,239
    IRAs and Keogh plan accounts $18,607
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $752,329
    Cash & Balances due from depository institutions $111,464
    Interest-bearing balances $92,591
    Total securities $146,364
    Federal funds sold & reverse repurchase $35,225
    Net loans and leases $438,690
    Loan and leases loss allowance $7,348
    Trading account assets $0
    Bank premises and fixed assets $8,877
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $11,709

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $752,329
    Total Liabilities $677,520
    Total deposits $676,742
    Interest-bearing deposits $508,509
    Deposits held in domestic offices $676,742
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $778

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $438,690
    Loan and leases loss allowance $7,348
    Total loans and leases (domestic) $446,038
    All real estate loans $322,103
    Real estate loans in domestic offices $322,103
    Construction and development loans $101,877
    Residential 1-4 family construction $54,371
    Other construction, all land development and other land $47,506
    Loans secured by nonfarm nonresidential properties $110,128
    Nonfarm nonresidential secured by owner-occupied properties $51,547
    Commercial real estate & other non-farm, non-residential $58,581
    Multifamily residential real estate $10,205
    1-4 family residential loans $84,564
    Farmland loans $15,329
    Loans held in foreign offices $0
    Farm loans $27,615
    Commercial and industrial loans $57,671
    To non-U.S. addressees $0
    Loans to individuals $37,904
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $32,707
    Other loans to individuals $5,197
    All other loans & leases $1,575
    Loans to foreign governments and official institutions $0
    Other loans $385
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,922
    Non 1-4 family restructured loans & leases $1,863
    Total loans and leases (foreign) $0

    National United had $438,690,000 of loans outstanding in 2020. $322,103,000 of loans were in real estate loans. $101,877,000 of loans were in development loans. $10,205,000 of loans were in multifamily mortgage loans. $84,564,000 of loans were in 1-4 family mortgage loans. $27,615,000 of loans were in farm loans. $0 of loans were in credit card loans. $32,707,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 156 $37,274 $238,936
    Nonfarm, nonresidential loans - <$100k 31 $1,462 $47,161
    Nonfarm, nonresidential loans - $100-250k 56 $6,714 $119,893
    Nonfarm, nonresidential loans - $250k-1MM 69 $29,098 $421,710
    Commercial & Industrial, US addressed loans - <$1MM 834 $45,451 $54,498
    Commercial & Industrial, US addressed loans - <$100k 670 $17,448 $26,042
    Commercial & Industrial, US addressed loans - $100-250k 127 $14,123 $111,205
    Commercial & Industrial, US addressed loans - $250k-1MM 37 $13,880 $375,135
    Farmland loans - <$1MM 65 $8,203 $126,200
    Farmland loans - <$100k 14 $707 $50,500
    Farmland loans - $100-250k 37 $4,159 $112,405
    Farmland loans - $250k-1MM 14 $3,337 $238,357
    Agriculture operations loans - <$1MM 244 $8,170 $33,484
    Agriculture operations loans - <$100k 205 $4,028 $19,649
    Agriculture operations loans - $100-250k 26 $1,831 $70,423
    Agriculture operations loans - $250k-1MM 13 $2,311 $177,769