Nation One Mortgage Corporation Rates, Fees & Info

MARLTON, NJ

LEI: 5493006VCMZ998IGOO33

Tax ID: 47-4523507

1.1 stars - out of 5 stars, based on 42 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Nation One Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Nation One Mortgage Corporation has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Philadelphia, Lynchburg, New York, Atlantic City, and Trenton among others. Nation One Mortgage Corporation 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. Nation One Mortgage Corporation is typically a high fee lendor.


Originations

1,804

Origination Dollar Volume (All Markets)

$432,360,000

Relative Rate

Nation One Mortgage Corporation's average 30 year fixed rate mortgage of loans were 3.44%.

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

This yields a difference of 0.29%.

Relative Fees

Nation One Mortgage Corporation's average total fees for a 30 year fixed rate mortgage are $7,797.

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1,121 $268,005,000 $239,077 $8,056 3.43%
LYNCHBURG, VA (FHA|USDA|VA) 244 $48,390,000 $198,320 $5,413 3.20%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 103 $35,095,000 $340,728 $8,048 3.18%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 87 $20,735,000 $238,333 $8,095 3.62%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 41 $10,615,000 $258,902 $8,194 3.38%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 47 $8,785,000 $186,915 $8,396 3.74%
OCEAN CITY, NJ (FHA|USDA|VA) 21 $8,385,000 $399,286 $7,974 3.26%
Outside of Metro Areas 20 $3,880,000 $194,000 $6,261 3.15%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 18 $3,580,000 $198,889 $5,032 3.48%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 11 $3,315,000 $301,364 $7,735 3.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 9 $2,415,000 $268,333 $6,721 3.42%
JACKSONVILLE, FL (FHA|USDA|VA) 6 $1,850,000 $308,333 $5,554 3.42%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,365,000 $273,000 $5,825 3.18%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $1,310,000 $655,000 $8,485 3.38%
ROANOKE, VA (FHA|USDA|VA) 8 $1,200,000 $150,000 $5,838 3.22%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 6 $940,000 $156,667 $4,826 3.15%
LANCASTER, PA (FHA|USDA|VA) 3 $825,000 $275,000 $11,138 3.46%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $785,000 $261,667 $7,197 3.29%
RICHMOND, VA (FHA|USDA|VA) 3 $765,000 $255,000 $4,384 3.17%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $675,000 $225,000 $8,746 3.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $610,000 $305,000 $5,815 3.13%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 6 $600,000 $100,000 $5,732 3.38%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $545,000 $545,000 $3,005 3.38%
DOVER, DE (FHA|USDA|VA) 2 $520,000 $260,000 $10,599 3.69%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $460,000 $230,000 $10,854 3.63%
Danville, VA (FHA|USDA|VA) 3 $455,000 $151,667 $5,016 3.13%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $430,000 $215,000 $10,612 3.25%
READING, PA (FHA|USDA|VA) 2 $430,000 $215,000 $10,580 3.25%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $370,000 $185,000 $4,308 3.13%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $365,000 $365,000 $3,670 3.25%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $365,000 $365,000 $13,461 4.38%
PITTSBURGH, PA (FHA|USDA|VA) 2 $360,000 $180,000 $7,726 2.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $355,000 $355,000 $13,600 3.25%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $335,000 $335,000 $11,691 3.25%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $325,000 $325,000 $3,361 3.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $295,000 $295,000 $6,916 3.25%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $285,000 $285,000 $4,161 3.25%
Georgetown, SC (FHA|USDA|VA) 1 $265,000 $265,000 $7,285 3.63%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $2,798 2.50%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $255,000 $255,000 $3,764 3.13%
Somerset, PA (FHA|USDA|VA) 1 $235,000 $235,000 $7,836 4.38%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $215,000 $215,000 $9,303 3.75%
OCALA, FL (FHA|USDA|VA) 1 $215,000 $215,000 $6,650 3.63%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $185,000 $185,000 $3,650 3.25%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $175,000 $175,000 $8,840 5.25%
LEBANON, PA (FHA|USDA|VA) 1 $165,000 $165,000 $4,983 4.00%
HARRISONBURG, VA (FHA|USDA|VA) 1 $165,000 $165,000 $5,924 2.75%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $105,000 $105,000 $6,646 4.00%
Martinsville, VA (FHA|USDA|VA) 1 $95,000 $95,000 $1,998 4.25%

Nation One Mortgage Corporation's top markets include Philadelphia, Lynchburg, New York, Atlantic City, and Trenton among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,010 $251,040,000 $248,554 $5,754 3.30%
FHA 671 $149,215,000 $222,377 $10,305 3.53%
VA 80 $23,390,000 $292,375 $8,644 3.48%
USDA 43 $8,715,000 $202,674 $6,417 3.16%

For the 2021 period, Nation One Mortgage Corporation's most frequently originated loan type of loans were Conventional, with 1,010 originations. Their 2nd most popular type is FHA, with 671 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,287 $310,575,000 $241,317 $8,022 3.45%
Refi 318 $75,480,000 $237,358 $6,155 3.12%
Cash Out Refi 199 $46,305,000 $232,688 $7,096 3.44%

For the 2021, Nation One Mortgage Corporation's most frequently cited loan purpose of loans were Home Purchase, with 1,287 originations. The 2nd most popular reason of loans were Refi, with 318 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,662 $399,100,000 $240,132 $7,797 3.44%
15 Year 88 $19,900,000 $226,136 $5,341 2.74%
20 Year 41 $9,865,000 $240,610 $4,710 3.00%
Other 11 $3,135,000 $285,000 $5,801 3.20%
10 Year 2 $360,000 $180,000 $4,091 2.13%

For the 2021, Nation One Mortgage Corporation's most frequently cited loan length of loans were 30 Year, with 1,662 originations. The 2nd most popular length of loans were 15 Year, with 88 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$3k-4k 600 $134,490,000 $224,150
$1k-2k 591 $139,945,000 $236,794
$2k-3k 281 $60,315,000 $214,644
$5k+ 274 $81,220,000 $296,423
$<1k 58 $16,390,000 $282,586

$7,797 of loans were Nation One Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees were in the $3k-4k bucket, with 600 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,190 $280,910,000 $236,059
2.5-3% 362 $94,560,000 $261,215
4-5% 159 $34,185,000 $215,000
<2.5% 79 $19,675,000 $249,051
5-6% 14 $3,030,000 $216,429

During 2021, Nation One Mortgage Corporation's average interest rate of loans were 3.44%, while their most frequently originated rate bucket of loans were 3-4%, with 1,190 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 931 $252,455,000 $271,165 $8,370 3.36%
$100k-200k 667 $105,525,000 $158,208 $6,450 3.45%
$400k-600k 130 $61,070,000 $469,769 $9,528 3.30%
$100,000 or less 66 $4,890,000 $74,091 $4,290 3.55%
$600k-1MM 8 $5,340,000 $667,500 $7,873 3.36%
$1MM+ 2 $3,080,000 $1,540,000 $6,958 3.19%

2021 saw Nation One Mortgage Corporation place emphasis on $200k-400k loans with 931 originations, totaling $252,455,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 557 $116,455,000 $209,075 $7,710 3.42%
$75k-100k 383 $95,145,000 $248,420 $8,265 3.42%
$50k or less 333 $53,555,000 $160,826 $6,567 3.40%
$100k-150k 320 $94,840,000 $296,375 $7,975 3.39%
$150k-250k 165 $52,335,000 $317,182 $7,280 3.28%
$250k+ 46 $20,030,000 $435,435 $6,379 3.14%

Nation One Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 557 originations. The second most popular income band? $75k-100k, with 383 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 294 $69,710,000 $237,109 $6,737 3.34%
20-30% 251 $60,945,000 $242,809 $6,043 3.25%
50-60% 236 $56,080,000 $237,627 $10,562 3.53%
49% 92 $23,160,000 $251,739 $7,943 3.51%
44% 86 $19,500,000 $226,744 $7,140 3.46%
43% 85 $20,095,000 $236,412 $7,846 3.41%
39% 80 $19,840,000 $248,000 $7,123 3.42%
42% 80 $20,620,000 $257,750 $7,778 3.35%
45% 78 $19,630,000 $251,667 $8,240 3.52%
40% 72 $18,270,000 $253,750 $7,890 3.37%
38% 66 $15,940,000 $241,515 $7,363 3.37%
46% 62 $13,870,000 $223,710 $7,385 3.44%
<20% 61 $13,275,000 $217,623 $5,917 3.25%
41% 56 $13,200,000 $235,714 $7,495 3.38%
47% 53 $11,905,000 $224,623 $8,640 3.42%
48% 52 $12,990,000 $249,808 $8,143 3.35%
36% 52 $11,950,000 $229,808 $6,918 3.44%
37% 47 $10,985,000 $233,723 $6,758 3.44%
>60% 1 $395,000 $395,000 $5,759 3.00%

Nation One Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 294 originations. The next most common DTI ratio? 20-30%, with 251 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,273 $307,305,000 $241,402 $7,288 3.37%
Black 327 $75,595,000 $231,177 $9,007 3.54%
Not provided 140 $33,510,000 $239,357 $7,100 3.24%
Asian 47 $12,085,000 $257,128 $7,270 3.41%
Other Pacific Islander 5 $1,375,000 $275,000 $9,326 3.18%
American Indian 6 $1,210,000 $201,667 $7,385 2.98%
Filipino 3 $675,000 $225,000 $7,617 3.58%
Asian Indian 3 $605,000 $201,667 $7,193 3.21%

Approval Rates

Total approvals of all applications
97.47%

Nation One Mortgage Corporation 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
70.19%

Nation One Mortgage Corporation has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,804 $432,360,000 $239,667

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,804 $432,360,000 $239,667

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 11 $1,555,000 $141,364 $4,286 2.90%
40-60% 109 $23,645,000 $216,927 $5,393 3.12%
60-80% 455 $112,445,000 $247,132 $6,304 3.37%
80-100% 1,199 $288,965,000 $241,005 $8,287 3.43%
Over 100% 20 $5,690,000 $284,500 $12,673 3.26%
Under 20% 10 $60,000 $6,000 $53 3.24%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Nation One Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%