Sourceone Financial Mortgage Rates, Fees & Info
Alpine, UTLEI: 254900DK1GHKA4PVWQ72
Tax ID: 20-0991349
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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, Provo, St. George, and Heber among others. We have data for 5 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.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
60Origination Dollar Volume (All Markets)
$22,440,000Top 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) | 40 | $15,240,000 | $381,000 | $0 | 10.95% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 8 | $2,470,000 | $308,750 | $0 | 11.06% |
| PROVO-OREM, UT (FHA|USDA|VA) | 5 | $2,425,000 | $485,000 | $0 | 11.10% |
| ST. GEORGE, UT (FHA|USDA|VA) | 6 | $1,600,000 | $266,667 | $0 | 10.83% |
| Heber, UT (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 12.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 60 | $22,440,000 | $374,000 | $0 | 10.98% |
For 2022, Sourceone Financial's most frequently originated type of loan was Conventional, with 60 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 54 | $20,290,000 | $375,741 | $0 | 10.96% |
| Refi | 6 | $2,150,000 | $358,333 | $0 | 11.17% |
For 2022, Sourceone Financial's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 60 | $22,440,000 | $374,000 | $0 | 10.98% |
For 2022, Sourceone Financial's most frequently cited loan duration was Other, with 60 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 60 | $22,440,000 | $374,000 |
During 2022, Sourceone Financial's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 60 originations.
Loan Sizing
2022 saw Sourceone Financial place emphasis on $200k-400k loans with 31 originations, totaling $8,875,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 29 | $11,285,000 | $389,138 | $0 | 11.09% |
| Not applicable | 31 | $11,155,000 | $359,839 | $0 | 10.89% |
Approval Rates
Total approvals of all applications76.29%
Sourceone Financial has a below average approval rate.
Pick Rate
Approvals leading to origination76.67%
Sourceone Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 60 | $22,440,000 | $374,000 |