Is United Bank a division of Citizens Community Federal N A An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at United Bank a division of Citizens Community Federal N A with other lenders for mortgages with similar borrower characteristics:

Interest Rate: lower than average (-0.12%)
Loan Related Closing Costs: similar to average (+$155)
Assessment: this lender tends to be a cheap lender.

This scoreboard is based on data reported to FFIEC. In the data, United Bank a division of Citizens Community Federal N A originated 139 mortgages, a national market share of 0.0%. It was primarily active in WI (0.1% market share) and MN (0.0% market share).

On average, United Bank a division of Citizens Community Federal N A’s interest rates were lower than those of comparable mortgages at other lenders (-0.12%).1The comparable mortgages control for United Bank a division of Citizens Community Federal N A’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $2899, which was similar to those of comparable mortgages at $2744, with a difference of +$155. Overall, we estimate that United Bank a division of Citizens Community Federal N A tends to be an cheap lender, with a cost-adjusted-rate difference of -0.12% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with United Bank a division of Citizens Community Federal N A.

United Bank a division of Citizens Community Federal N A originated Conforming mortgages for new home purchases. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:

Home Purchase Mortgages from United Bank a division of Citizens Community Federal N A compared to other lenders

Conforming
Interest Rate Difference-0.12%
Loan related Closing Cost Difference+$155
Cost Adjusted Rate Difference-0.12%

Based on the table above, United Bank a division of Citizens Community Federal N A is cheap for Conforming purchase mortgages.

Other information about United Bank a division of Citizens Community Federal N A:

Regulator: Federal Deposit Insurance Corporation (FDIC) 
Top holder: JOHN T. VUCUREVICH FOUNDATION
Registered city and state: Osseo, WI, 54758

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Footnotes

Footnotes
1The comparable mortgages control for United Bank a division of Citizens Community Federal N A’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages.
2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate.