# Union Bank

> **Canonical URL:** https://saferate.com/lenders/union-bank-vt


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Union Bank is a bank, headquartered in MORRISVILLE, VT, serving borrowers across 3 states, with 451 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 48% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 23% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300I3PFIO81O8JD40
- **Headquarters:** MORRISVILLE, VT
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** ME, NH, VT
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 94%
- **Brokered/Wholesale:** 6%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 52/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 77/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.290%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,898
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 451
- **Dollar Volume:** $176 million
- **Applications Received:** 564
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $390,366
- **Average Borrower Income:** $219,792
- **Average Property Value:** $576,774

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **Jumbo Gold Superstar** (63%)
- ⭐ **Purchase Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 69/100 | 393 | +0.276% | $1,883 | Strong 😀 |
| Jumbo | 76/100 | 42 | +0.480% | $1,997 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 361 loans, Score: 69/100 (Strong)
- Refinance: 32 loans, Score: 50/100 (Sound)

**Jumbo:**
- Purchase: 37 loans, Score: 76/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 69/100 | 412 | $162M | +0.288% | Strong 😀 |
| Refinance | 53/100 | 39 | $14M | +0.313% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| VT | 338 | 5.78% | 90/100 |
| NH | 106 | 0.68% | 74/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 313 | 72/100 |
| Burlington | VT | 132 | 82/100 |

## Where This Lender Ranks

Union Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Vermont for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/vermont/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Burlington for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/burlington/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Burlington for Jumbo Loans
  - [View Full Rankings](https://saferate.com/burlington/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Burlington for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/burlington/best-mortgage-lenders/banks/jumbo-loans)
- 🥈 **#2** in Burlington Banks
  - [View Full Rankings](https://saferate.com/burlington/best-mortgage-lenders/banks)
- 🥉 **#3** in Vermont Banks
  - [View Full Rankings](https://saferate.com/vermont/best-mortgage-lenders/banks)
- 🏆 **#4** in Burlington for Conventional Loans
  - [View Full Rankings](https://saferate.com/burlington/best-mortgage-lenders/conventional-loans)
- 🏆 **#5** in Vermont for Conventional Loans
  - [View Full Rankings](https://saferate.com/vermont/best-mortgage-lenders/conventional-loans)
- 🏆 **#5** in Burlington
  - [View Full Rankings](https://saferate.com/burlington/best-mortgage-lenders)
- 🏆 **#6** in Vermont
  - [View Full Rankings](https://saferate.com/vermont/best-mortgage-lenders)
- 🏆 **#7** in Vermont for FHA Loans
  - [View Full Rankings](https://saferate.com/vermont/best-mortgage-lenders/fha-loans)
- 🏆 **#8** in Vermont for Jumbo Loans
  - [View Full Rankings](https://saferate.com/vermont/best-mortgage-lenders/jumbo-loans)
- 🏆 **#8** in Vermont for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/vermont/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#9** in New Hampshire for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/new-hampshire/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#10** in New Hampshire Banks
  - [View Full Rankings](https://saferate.com/new-hampshire/best-mortgage-lenders/banks)
- 🏆 **#11** in New Hampshire for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/new-hampshire/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#19** in New Hampshire for Jumbo Loans
  - [View Full Rankings](https://saferate.com/new-hampshire/best-mortgage-lenders/jumbo-loans)

## Frequently Asked Questions

### What loan types does Union Bank offer?

Union Bank offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Union Bank offer mortgages?

Union Bank offers mortgages in 3 states: ME, NH, VT.

### How competitive are Union Bank's mortgage rates?

Union Bank has a pricing score of 52/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.290% above market average.

### What type of lender is Union Bank?

Union Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in MORRISVILLE, VT.

### What is Union Bank's loan approval success rate?

Union Bank has a pull-through score of 77/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/union-bank-vt

### How to Cite

> "Union Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/union-bank-vt

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