United Southern Bank Mortgage Rates, Fees & Info
Hopkinsville, KYLEI: 549300ZSNURWJMU0YY46
Tax ID: 61-0309650
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
United Southern Bank is a smaller bank specializing in Home Purchase and Refi loans. United Southern Bank has a high proportion of conventional loans. Their top markets by origination volume include: Clarksville, Nashville, Savannah, Bowling Green, and Madisonville 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 an above average pick rate when compared to similar lenders.
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Originations
180Origination Dollar Volume (All Markets)
$31,380,000Top 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 |
|---|---|---|---|---|---|
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 132 | $22,490,000 | $170,379 | $0 | 0.00% |
| Outside of Metro Areas | 37 | $5,125,000 | $138,514 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $1,065,000 | $1,065,000 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| Madisonville, KY (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Central City, KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 180 | $31,380,000 | $174,333 | $0 | 0.00% |
For 2022, United Southern Bank's most frequently originated type of loan was Conventional, with 180 originations.
Loan Reason
For 2022, United Southern Bank's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Refi, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 180 | $31,380,000 | $174,333 | $0 | 0.00% |
For 2022, United Southern Bank's most frequently cited loan duration was Other, with 180 originations.
Loan Sizing
2022 saw United Southern Bank place emphasis on $100,000 or less loans with 73 originations, totaling $4,805,000 in origination value.
Applicant Income
United Southern Bank lent most frequently to those with incomes in the $50k or less range, with 36 originations. The second most popular income band? $100k-150k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 180 | $31,380,000 | $174,333 | $0 | 0.00% |
United Southern Bank lent most frequently to those with DTI ratios of Exempt%, with 180 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.99%
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 origination91.67%
United Southern Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 180 | $31,380,000 | $174,333 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |