Mortgageone Rates, Fees & Info
SAN MARCOS, CALEI: 5493002TJKC8NLH1ZP82
Tax ID: 45-4807792
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Mortgage Data
Review & Overview
Mortgageone is a smaller mortgage company specializing in Home Purchase 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 by origination volume include: San Diego, Riverside, Los Angeles, Phoenix, and Provo among others. We have data for 66 markets. (Some data included below & more in-depth data is available with an active subscription.)Mortgageone has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Mortgageone is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.80% | 11/30/23 |
| 30 Year Conventional Refi | 6.51% | 11/30/23 |
| 30 Year Cash-out Refi | 6.74% | 11/30/23 |
| 30 Year FHA Purchase | 7.08% | 11/30/23 |
| 30 Year FHA Refi | 6.27% | 11/30/23 |
| 30 Year VA Purchase | 6.32% | 11/30/23 |
| 30 Year VA Refi | 5.73% | 11/30/23 |
| 15 Year Conventional Purchase | 5.89% | 11/30/23 |
| 15 Year Conventional Refi | 5.47% | 11/30/23 |
| 15 Year Cash-out Refi | 5.47% | 11/30/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Mortgageone Mortgage Calculator
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This is not an official calculator from Mortgageone. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
405Origination Dollar Volume (All Markets)
$203,265,000Awards
MORTGAGEONE - 2022
MORTGAGEONE is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Mortgageone's average 30 year fixed mortgage rate was
4.84%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.08%.
Relative Fees (Closing Costs)
Mortgageone's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,657.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
Top 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 |
|---|---|---|---|---|---|
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 160 | $91,960,000 | $574,750 | $13,435 | 4.81% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 54 | $27,890,000 | $516,481 | $13,754 | 4.68% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 23 | $14,025,000 | $609,783 | $15,308 | 4.78% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 16 | $8,220,000 | $513,750 | $10,018 | 3.66% |
| PROVO-OREM, UT (FHA|USDA|VA) | 17 | $7,855,000 | $462,059 | $6,165 | 3.71% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 10 | $5,310,000 | $531,000 | $10,125 | 5.31% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 13 | $5,165,000 | $397,308 | $8,263 | 5.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 11 | $4,295,000 | $390,455 | $11,684 | 5.27% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $2,825,000 | $565,000 | $13,648 | 4.25% |
| BOISE CITY, ID (FHA|USDA|VA) | 3 | $2,095,000 | $698,333 | $6,626 | 4.42% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 4 | $1,720,000 | $430,000 | $7,323 | 5.03% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $6,568 | 5.53% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $3,373 | 3.58% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $5,277 | 5.25% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $11,451 | 5.81% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $10,087 | 3.59% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $4,980 | 4.69% |
| Heber, UT (FHA|USDA|VA) | 1 | $1,035,000 | $1,035,000 | $5,967 | 4.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $2,137 | 5.81% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $7,054 | 4.38% |
| BEND, OR (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $5,980 | 4.44% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $6,249 | 5.25% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $8,578 | 5.25% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $36 | 4.94% |
| Susanville, CA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $20,613 | 5.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $6,586 | 5.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $15,733 | 4.06% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $20,855 | 5.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $6,042 | 6.06% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $1,082 | 6.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $7,169 | 3.75% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $20,158 | 3.75% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $14,076 | 7.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $16,966 | 5.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $4,701 | 4.50% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,728 | 4.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $9,047 | 5.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $8,217 | 5.25% |
| MERCED, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,582 | 3.63% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,264 | 5.88% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,655 | 3.88% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $1,595 | 6.75% |
| MADERA, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $26,380 | 4.13% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 5.38% |
| Outside of Metro Areas | 2 | $420,000 | $210,000 | $5,108 | 5.44% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $0 | 5.72% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $12,318 | 4.50% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $15,816 | 4.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $12,145 | 5.75% |
| TULSA, OK (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,783 | 5.88% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,792 | 5.75% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,682 | 6.13% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $15,384 | 4.88% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $443 | 6.25% |
| Clovis, NM (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $13,182 | 5.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,750 | 5.00% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $298 | 5.63% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $12,903 | 4.50% |
| Dublin, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,178 | 5.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,586 | 6.50% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,647 | 5.13% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,057 | 4.75% |
| Russellville, AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $153 | 6.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $12,290 | 4.50% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.63% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,006 | 6.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against MORTGAGEONE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| VA | 214 | $114,420,000 | $534,673 | $12,949 | 4.77% |
| Conventional | 177 | $80,785,000 | $456,412 | $9,105 | 4.86% |
| FHA | 14 | $8,060,000 | $575,714 | $20,463 | 5.02% |
For 2022, Mortgageone's most frequently originated type of loan was VA, with 214 originations. Their 2nd most popular type was Conventional, with 177 originations.
Loan Reason
For 2022, Mortgageone's most frequently cited loan purpose was Home Purchase, with 314 originations. The 2nd most popular reason was Cash Out Refi, with 70 originations.
Loan Duration/Length
For 2022, Mortgageone's most frequently cited loan duration was 30 Year, with 397 originations. The 2nd most popular length was 15 Year, with 7 originations.
Origination Fees/Closing Costs
Mortgageone's average total fees were $11,657, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 144 originations.
Interest Rates
During 2022, Mortgageone's average interest rate for loans was 4.84%, while their most frequently originated rate bucket for loans was 5-6%, with 111 originations.
Loan Sizing
2022 saw Mortgageone place emphasis on $400k-600k loans with 157 originations, totaling $78,705,000 in origination value.
Applicant Income
Mortgageone lent most frequently to those with incomes in the $100k-150k range, with 131 originations. The second most popular income band? $150k-250k, with 99 originations.
Applicant Debt to Income Ratio
Mortgageone lent most frequently to those with DTI ratios of 50-60%, with 82 originations. The next most common DTI ratio? 30-36%, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.02%
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 origination56.54%
Mortgageone has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 405 | $203,265,000 | $501,889 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Mortgage Research Center, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| Mortgage Research Center, LLC | VA mortgage | Trouble during payment process | 1 | 50.0% |