Mortgageone Rates, Fees & Info

SAN MARCOS, CA

LEI: 5493002TJKC8NLH1ZP82

Tax ID: 45-4807792

3.3 stars - out of 5 stars, based on 28 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Mortgageone is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Mortgageone has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include San Diego, Los Angeles, Riverside, Phoenix, and Provo among others. Mortgageone has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Mortgageone is typically a high fee lendor.


Originations

790

Origination Dollar Volume (All Markets)

$364,180,000

Awards

MORTGAGEONE  VA Loans bronze MORTGAGEONE  VA Loans gold MORTGAGEONE  VA Loans silver
Show all (3) awards

Relative Rate

Mortgageone 's average 30 year fixed rate mortgage of loans were 2.81%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.34%.

Relative Fees

Mortgageone 's average total fees for a 30 year fixed rate mortgage are $7,474.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 356 $181,680,000 $510,337 $8,276 2.77%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 101 $54,635,000 $540,941 $6,183 2.70%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 72 $31,880,000 $442,778 $7,971 2.85%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 89 $30,225,000 $339,607 $6,741 2.79%
PROVO-OREM, UT (FHA|USDA|VA) 29 $11,345,000 $391,207 $6,123 2.86%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 19 $6,675,000 $351,316 $5,066 2.80%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 9 $3,635,000 $403,889 $8,386 2.90%
SALT LAKE CITY, UT (FHA|USDA|VA) 11 $3,555,000 $323,182 $3,417 2.85%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $2,760,000 $690,000 $10,583 2.66%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 6 $2,670,000 $445,000 $6,955 2.90%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $2,415,000 $345,000 $5,747 3.03%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $1,945,000 $648,333 $10,856 2.79%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,940,000 $485,000 $3,265 2.63%
BEND, OR (FHA|USDA|VA) 2 $1,730,000 $865,000 $8,489 2.88%
STOCKTON, CA (FHA|USDA|VA) 4 $1,520,000 $380,000 $8,378 3.13%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $1,510,000 $377,500 $8,959 2.66%
FRESNO, CA (FHA|USDA|VA) 4 $1,470,000 $367,500 $1,650 2.44%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 4 $1,210,000 $302,500 $5,084 3.22%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $960,000 $480,000 $5,820 2.94%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $945,000 $315,000 $3,208 2.54%
BOISE CITY, ID (FHA|USDA|VA) 2 $930,000 $465,000 $4,210 2.94%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $855,000 $855,000 $8,436 2.25%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $850,000 $425,000 $5,883 2.81%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $840,000 $420,000 $2,981 2.63%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $730,000 $365,000 $4,740 2.69%
ST. GEORGE, UT (FHA|USDA|VA) 2 $720,000 $360,000 $3,227 3.19%
EL CENTRO, CA (FHA|USDA|VA) 2 $710,000 $355,000 $10,517 2.88%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $650,000 $325,000 $5,447 2.56%
WILMINGTON, NC (FHA|USDA|VA) 2 $630,000 $315,000 $2,294 2.75%
Outside of Metro Areas 2 $620,000 $310,000 $8,200 2.75%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $620,000 $310,000 $4,642 2.93%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $615,000 $615,000 $9,975 3.38%
TUCSON, AZ (FHA|USDA|VA) 3 $605,000 $201,667 $4,573 2.58%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $465,000 $465,000 $2,334 3.25%
SALINAS, CA (FHA|USDA|VA) 1 $455,000 $455,000 $12,455 2.88%
SALEM, OR (FHA|USDA|VA) 1 $445,000 $445,000 $378 2.63%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $445,000 $445,000 $13,312 2.63%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $405,000 $405,000 $13,750 2.50%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $405,000 $405,000 $3,039 2.88%
MERCED, CA (FHA|USDA|VA) 1 $405,000 $405,000 $4,123 3.13%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $395,000 $395,000 $5,308 3.38%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $385,000 $385,000 $4,269 2.38%
MODESTO, CA (FHA|USDA|VA) 1 $385,000 $385,000 $4,087 3.00%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $385,000 $385,000 $4,121 3.13%
Susanville, CA (FHA|USDA|VA) 1 $375,000 $375,000 $4,367 2.63%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $365,000 $365,000 $3,139 2.25%
PANAMA CITY, FL (FHA|USDA|VA) 1 $365,000 $365,000 $18,499 2.50%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $365,000 $365,000 $4,666 2.88%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $350,000 $175,000 $3,196 3.25%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $345,000 $345,000 $4,374 2.88%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $335,000 $335,000 $2,959 2.88%
Stillwater, OK (FHA|USDA|VA) 1 $315,000 $315,000 $3,689 3.25%
Rexburg, ID (FHA|USDA|VA) 1 $315,000 $315,000 $6,493 2.88%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $305,000 $305,000 $4,739 3.13%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $275,000 $275,000 $13,405 2.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $275,000 $275,000 $3,774 2.75%
Sonora, CA (FHA|USDA|VA) 1 $265,000 $265,000 $4,059 2.63%
VALLEJO, CA (FHA|USDA|VA) 1 $255,000 $255,000 $3,729 2.25%
ASHEVILLE, NC (FHA|USDA|VA) 1 $235,000 $235,000 $3,765 3.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,386 3.13%
Show Low, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $2,104 3.25%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $145,000 $145,000 $2,883 2.75%
MADERA, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $95,000 $95,000 $2,834 2.25%

Mortgageone 's top markets include San Diego, Los Angeles, Riverside, Phoenix, and Provo among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
VA 409 $204,785,000 $500,697 $8,669 2.50%
Conventional 379 $158,715,000 $418,773 $5,861 3.10%
FHA 2 $680,000 $340,000 $9,928 3.19%

For the 2021 period, Mortgageone 's most frequently originated loan type of loans were VA, with 409 originations. Their 2nd most popular type is Conventional, with 379 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 371 $163,765,000 $441,415 $5,159 2.64%
Home Purchase 241 $118,125,000 $490,145 $9,166 2.98%
Cash Out Refi 175 $81,065,000 $463,229 $8,388 2.83%
Home Improvement 3 $1,225,000 $408,333 $13,586 2.83%

For the 2021, Mortgageone 's most frequently cited loan purpose of loans were Refi, with 371 originations. The 2nd most popular reason of loans were Home Purchase, with 241 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 743 $347,375,000 $467,530 $7,474 2.81%
15 Year 26 $9,220,000 $354,615 $4,226 2.36%
Other 15 $6,085,000 $405,667 $3,340 2.64%
20 Year 5 $1,115,000 $223,000 $6,990 2.60%
10 Year 1 $385,000 $385,000 $0 2.25%

For the 2021, Mortgageone 's most frequently cited loan length of loans were 30 Year, with 743 originations. The 2nd most popular length of loans were 15 Year, with 26 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 319 $144,695,000 $453,589
$5k+ 173 $88,535,000 $511,763
$<1k 120 $53,990,000 $449,917
$3k-4k 98 $44,030,000 $449,286
$2k-3k 75 $31,145,000 $415,267

$7,474 of loans were Mortgageone 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 319 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 294 $133,750,000 $454,932
<2.5% 277 $133,795,000 $483,014
3-4% 217 $95,295,000 $439,147
4-5% 2 $1,340,000 $670,000

During 2021, Mortgageone 's average interest rate of loans were 2.81%, while their most frequently originated rate bucket of loans were 2.5-3%, with 294 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$400k-600k 330 $161,600,000 $489,697 $7,212 2.75%
$200k-400k 286 $91,970,000 $321,573 $5,768 2.81%
$600k-1MM 134 $95,330,000 $711,418 $10,831 2.78%
$100k-200k 27 $4,395,000 $162,778 $3,687 3.04%
$1MM+ 9 $10,565,000 $1,173,889 $15,141 2.63%
$100,000 or less 4 $320,000 $80,000 $2,785 2.63%

2021 saw Mortgageone place emphasis on $400k-600k loans with 330 originations, totaling $161,600,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 231 $102,705,000 $444,610 $4,966 2.43%
$100k-150k 180 $86,050,000 $478,056 $8,557 2.91%
$150k-250k 136 $74,830,000 $550,221 $8,262 2.97%
$75k-100k 113 $46,705,000 $413,319 $8,124 2.97%
$50k-75k 87 $28,915,000 $332,356 $6,991 2.91%
$250k+ 42 $24,450,000 $582,143 $7,165 2.86%

Mortgageone lent most frequently to those with incomes in the $50k or less range, with 231 originations. The second most popular income band? $100k-150k, with 180 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 77 $32,925,000 $427,597 $6,563 2.91%
20-30% 77 $35,455,000 $460,455 $6,051 2.88%
50-60% 65 $35,845,000 $551,462 $13,364 2.73%
<20% 33 $12,855,000 $389,545 $6,717 2.93%
44% 30 $14,000,000 $466,667 $9,289 3.04%
49% 30 $13,070,000 $435,667 $7,549 3.09%
42% 26 $11,660,000 $448,462 $9,089 3.13%
38% 26 $11,850,000 $455,769 $6,440 2.98%
37% 24 $9,620,000 $400,833 $6,778 2.83%
40% 24 $10,640,000 $443,333 $6,440 2.91%
45% 23 $11,075,000 $481,522 $8,119 3.03%
41% 22 $10,560,000 $480,000 $8,734 3.08%
48% 21 $8,845,000 $421,190 $6,801 3.02%
47% 20 $9,590,000 $479,500 $8,810 2.94%
36% 18 $7,710,000 $428,333 $7,056 3.06%
43% 17 $7,905,000 $465,000 $6,783 2.95%
46% 16 $7,600,000 $475,000 $6,801 3.02%
39% 15 $5,775,000 $385,000 $6,882 3.03%
>60% 14 $8,780,000 $627,143 $9,752 2.72%

Mortgageone lent most frequently to those with DTI ratios of 30-36%, with 77 originations. The next most common DTI ratio? 20-30%, with 77 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 420 $188,760,000 $449,429 $6,899 2.78%
Not provided 281 $130,125,000 $463,078 $6,911 2.78%
Asian 49 $25,475,000 $519,898 $10,071 2.85%
Black 30 $13,650,000 $455,000 $8,898 2.79%
Native Hawaiian 7 $3,995,000 $570,714 $10,296 2.68%
American Indian 3 $2,175,000 $725,000 $22,849 3.17%

Approval Rates

Total approvals of all applications
98.09%

Mortgageone has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
77.88%

Mortgageone has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 790 $364,180,000 $460,987

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
790 $364,180,000 $460,987

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 28 $7,770,000 $277,500 $4,566 2.69%
40-60% 121 $47,405,000 $391,777 $5,381 2.71%
60-80% 289 $133,585,000 $462,232 $6,389 2.88%
80-100% 302 $148,250,000 $490,894 $7,034 2.75%
Over 100% 49 $27,105,000 $553,163 $19,004 2.73%
Under 20% 1 $65,000 $65,000 $2,678 2.75%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
MORTGAGE CENTER, LC FHA mortgage Closing on a mortgage 1 100.0%