Sourceone Financial Mortgage Rates, Fees & Info
Alpine, UTLEI: 254900DK1GHKA4PVWQ72
Tax ID: 20-0991349
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Mortgage Data
Review & Overview
Sourceone Financial is a smaller mortgage company specializing in Home Purchase loans. Sourceone Financial has a high proportion of conventional loans. Their top markets by origination volume include: Salt Lake City, Ogden, and Provo among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Sourceone Financial has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
64Origination Dollar Volume (All Markets)
$14,760,000Top 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 |
|---|---|---|---|---|---|
| SALT LAKE CITY, UT (FHA|USDA|VA) | 39 | $8,465,000 | $217,051 | $0 | 10.87% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 16 | $3,710,000 | $231,875 | $0 | 10.72% |
| PROVO-OREM, UT (FHA|USDA|VA) | 9 | $2,585,000 | $287,222 | $0 | 10.89% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 64 | $14,760,000 | $230,625 | $0 | 10.84% |
For 2020, Sourceone Financial's most frequently originated type of loan was Conventional, with 64 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 64 | $14,760,000 | $230,625 | $0 | 10.84% |
For 2020, Sourceone Financial's most frequently cited loan purpose was Home Purchase, with 64 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 64 | $14,760,000 | $230,625 | $0 | 10.84% |
For 2020, Sourceone Financial's most frequently cited loan duration was Other, with 64 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 64 | $14,760,000 | $230,625 |
During 2020, Sourceone Financial's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 64 originations.
Loan Sizing
2020 saw Sourceone Financial place emphasis on $100k-200k loans with 31 originations, totaling $5,175,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 46 | $10,270,000 | $223,261 | $0 | 10.74% |
| White | 18 | $4,490,000 | $249,444 | $0 | 11.08% |
Approval Rates
Total approvals of all applications72.45%
Sourceone Financial has a below average approval rate.
Pick Rate
Approvals leading to origination89.06%
Sourceone Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 64 | $14,760,000 | $230,625 |