Mortgageone Rates, Fees & Info
SAN MARCOS, CALEI: 5493002TJKC8NLH1ZP82
Tax ID: 45-4807792
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
790Origination Dollar Volume (All Markets)
$364,180,000Awards
MORTGAGEONE - 2021
MORTGAGEONE is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications98.09%
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 origination77.88%
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% |
