We compare mortgage interest rate and loan related closing costs at United Bank & Capital Trust Company with other lenders for mortgages with similar borrower characteristics:
Interest Rate: similar to average (-0.03%)
Loan Related Closing Costs: lower than average (-$312)
Assessment: this lender tends to be a cheap lender.
This scoreboard is based on data reported to FFIEC. In the data, United Bank & Capital Trust Company originated 212 mortgages, a national market share of 0.0%. It was most active in KY (0.3% market share), TN (0.0% market share), and OH (0.0% market share).
On average, United Bank & Capital Trust Company’s interest rates were similar to those of comparable mortgages at other lenders (-0.03%).1The comparable mortgages control for United Bank & Capital Trust Company’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 $2407, which was lower than those of comparable mortgages at $2719, with a difference of -$312. Overall, we estimate that United Bank & Capital Trust Company tends to be an cheap lender, with a cost-adjusted-rate difference of -0.06% 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 & Capital Trust Company.
United Bank & Capital Trust Company 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 & Capital Trust Company compared to other lenders
|Interest Rate Difference||-0.03%|
|Loan related Closing Cost Difference||-$312|
|Cost Adjusted Rate Difference||-0.06%|
Based on the table above, United Bank & Capital Trust Company is cheap for Conforming purchase mortgages.
Other information about United Bank & Capital Trust Company:
Regulator: Federal Reserve System (FRS)
Top holder: FARMERS CAPITAL BANK CORPORATION
Registered city and state: FRANKFORT, KY, 46001