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 Refi and 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, Los Angeles, Phoenix, Provo, and Riverside among others. We have data for 17 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 an above 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.80% | 4/22/24 |
| 30 Year Conventional Refi | 6.51% | 4/22/24 |
| 30 Year Cash-out Refi | 6.74% | 4/22/24 |
| 30 Year FHA Purchase | 7.08% | 4/22/24 |
| 30 Year FHA Refi | 6.27% | 4/22/24 |
| 30 Year VA Purchase | 6.32% | 4/22/24 |
| 30 Year VA Refi | 5.73% | 4/22/24 |
| 15 Year Conventional Purchase | 5.89% | 4/22/24 |
| 15 Year Conventional Refi | 5.47% | 4/22/24 |
| 15 Year Cash-out Refi | 5.47% | 4/22/24 |
| 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
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
191Origination Dollar Volume (All Markets)
$88,445,000Top 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 |
|---|---|---|---|---|---|
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 94 | $47,340,000 | $503,617 | $0 | 0.00% |
| Outside of Metro Areas | 24 | $10,970,000 | $457,083 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 19 | $10,245,000 | $539,211 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 15 | $5,405,000 | $360,333 | $0 | 0.00% |
| PROVO-OREM, UT (FHA|USDA|VA) | 14 | $4,500,000 | $321,429 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 9 | $3,975,000 | $441,667 | $0 | 0.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 5 | $2,085,000 | $417,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
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 | 123 | $60,835,000 | $494,593 | $0 | 0.00% |
| Conventional | 66 | $26,790,000 | $405,909 | $0 | 0.00% |
| FHA | 2 | $820,000 | $410,000 | $0 | 0.00% |
For 2020, Mortgageone's most frequently originated type of loan was VA, with 123 originations. Their 2nd most popular type was Conventional, with 66 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 134 | $62,750,000 | $468,284 | $0 | 0.00% |
| Home Purchase | 44 | $20,490,000 | $465,682 | $0 | 0.00% |
| Cash Out Refi | 13 | $5,205,000 | $400,385 | $0 | 0.00% |
For 2020, Mortgageone's most frequently cited loan purpose was Refi, with 134 originations. The 2nd most popular reason was Home Purchase, with 44 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 191 | $88,445,000 | $463,063 | $0 | 0.00% |
For 2020, Mortgageone's most frequently cited loan duration was Other, with 191 originations.
Loan Sizing
2020 saw Mortgageone place emphasis on $400k-600k loans with 79 originations, totaling $38,115,000 in origination value.
Applicant Income
Mortgageone lent most frequently to those with incomes in the $50k or less range, with 100 originations. The second most popular income band? $100k-150k, with 37 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 191 | $88,445,000 | $463,063 | $0 | 0.00% |
Mortgageone lent most frequently to those with DTI ratios of Exempt%, with 191 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.52%
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 origination93.72%
Mortgageone has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 191 | $88,445,000 | $463,063 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 191 | $88,445,000 | $463,063 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MORTGAGE CENTER, LC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 40.0% |
| MORTGAGE CENTER, LC | Conventional home mortgage | Trouble during payment process | 1 | 20.0% |
| MORTGAGE CENTER, LC | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 20.0% |
| MORTGAGE CENTER, LC | Conventional home mortgage | Closing on a mortgage | 1 | 20.0% |