United Southern Bank Mortgage Rates, Fees & Info

Hopkinsville, KY

LEI: 549300ZSNURWJMU0YY46

Tax ID: 61-0309650

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

Review & Overview

United Southern Bank is a smaller bank specializing in Home Purchase loans. United Southern Bank has a high proportion of conventional loans. Their top markets by origination volume include: Clarksville, Central City, Oxford, Vicksburg, and Paducah among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

United Southern 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.

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

153

Origination Dollar Volume (All Markets)

$31,145,000

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
CLARKSVILLE, TN-KY (FHA\|USDA\|VA)	104	$19,850,000	$190,865	$0	0.00%
Outside of Metro Areas	38	$6,200,000	$163,158	$0	0.00%
Central City, KY (FHA\|USDA\|VA)	4	$1,900,000	$475,000	$0	0.00%
Oxford, MS (FHA\|USDA\|VA)	1	$1,075,000	$1,075,000	$0	0.00%
Vicksburg, MS (FHA\|USDA\|VA)	1	$885,000	$885,000	$0	0.00%
Paducah, KY-IL (FHA\|USDA\|VA)	1	$405,000	$405,000	$0	0.00%
BOWLING GREEN, KY (FHA\|USDA\|VA)	1	$335,000	$335,000	$0	0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	1	$265,000	$265,000	$0	0.00%
Madisonville, KY (FHA\|USDA\|VA)	2	$230,000	$115,000	$0	0.00%

United Southern Bank's top markets include Clarksville, Central City, Oxford, Vicksburg, and Paducah among others.

Their top states include:

Kentucky (FHA|USDA|VA)

Tennessee (FHA|USDA|VA)

Mississippi (FHA|USDA|VA)

Illinois (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	153	$31,145,000	$203,562	$0	0.00%

For 2023, United Southern Bank's most frequently originated type of loan was Conventional, with 153 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	85	$21,815,000	$256,647	$0	0.00%
Refi	42	$5,950,000	$141,667	$0	0.00%
Other	14	$2,230,000	$159,286	$0	0.00%
Home Improvement	12	$1,150,000	$95,833	$0	0.00%

For 2023, United Southern Bank's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Refi, with 42 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	153	$31,145,000	$203,562	$0	0.00%

For 2023, United Southern Bank's most frequently cited loan duration was Other, with 153 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	62	$3,540,000	$57,097	$0	0.00%
$100k-200k	44	$6,250,000	$142,045	$0	0.00%
$200k-400k	28	$7,670,000	$273,929	$0	0.00%
$400k-600k	12	$5,450,000	$454,167	$0	0.00%
$600k-1MM	4	$3,430,000	$857,500	$0	0.00%
$1MM+	3	$4,805,000	$1,601,667	$0	0.00%

2023 saw United Southern Bank place emphasis on $100,000 or less loans with 62 originations, totaling $3,540,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	27	$4,575,000	$169,444	$0	0.00%
$50k-75k	19	$2,545,000	$133,947	$0	0.00%
$75k-100k	19	$3,075,000	$161,842	$0	0.00%
$150k-250k	18	$4,180,000	$232,222	$0	0.00%
$50k or less	18	$1,540,000	$85,556	$0	0.00%
$250k+	4	$2,060,000	$515,000	$0	0.00%

United Southern Bank lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $50k-75k, with 19 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	153	$31,145,000	$203,562	$0	0.00%

United Southern Bank lent most frequently to those with DTI ratios of Exempt%, with 153 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	102	$17,820,000	$174,706	$0	0.00%
Not applicable	41	$12,105,000	$295,244	$0	0.00%
Black	9	$1,145,000	$127,222	$0	0.00%
Asian	1	$75,000	$75,000	$0	0.00%

Approval Rates

Total approvals of all applications
98.28%

United Southern Bank 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
88.24%

United Southern Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	153	$31,145,000	$203,562

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	153	$31,145,000	$203,562