Nation One Mortgage Corporation Rates, Fees & Info

MARLTON, NJ

LEI: 5493006VCMZ998IGOO33

Tax ID: 47-4523507

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Mortgage Data

Review & Overview

Nation One Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Nation One Mortgage Corporation has a high proportion of conventional loans. They have a low ratio of USDA loans. Nation One Mortgage Corporation has a low ratio of conventional loans. Their top markets by origination volume include: Philadelphia, Charleston, Atlantic City, Lynchburg, and New York among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)

Nation One Mortgage Corporation 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. Nation One Mortgage Corporation is typically an average 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 7.05% 3/28/24
30 Year Conventional Refi 6.84% 3/28/24
30 Year Cash-out Refi 7.05% 3/28/24
30 Year FHA Purchase 7.74% 3/28/24
30 Year FHA Refi 7.85% 3/28/24
30 Year VA Purchase 6.77% 3/28/24
30 Year USDA Purchase 7.02% 3/28/24
15 Year Conventional Purchase 6.35% 3/28/24
15 Year Conventional Refi 6.34% 3/28/24
15 Year Cash-out Refi 6.34% 3/28/24
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.

Nation One Mortgage Corporation Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Nation One Mortgage Corporation. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,281

Origination Dollar Volume (All Markets)

$263,745,000

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 768 $150,030,000 $195,352 $7,777 4.66%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 123 $32,385,000 $263,293 $7,531 4.74%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 108 $20,120,000 $186,296 $6,853 4.81%
LYNCHBURG, VA (FHA|USDA|VA) 85 $15,355,000 $180,647 $6,444 4.38%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 32 $9,830,000 $307,188 $11,331 4.73%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 41 $6,735,000 $164,268 $7,671 4.72%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 30 $6,210,000 $207,000 $6,934 4.65%
OCEAN CITY, NJ (FHA|USDA|VA) 20 $4,880,000 $244,000 $7,491 4.78%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 19 $3,905,000 $205,526 $9,683 4.70%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 5 $2,635,000 $527,000 $13,595 4.48%
RICHMOND, VA (FHA|USDA|VA) 9 $2,175,000 $241,667 $7,403 4.10%
Outside of Metro Areas 7 $1,355,000 $193,571 $8,074 4.34%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $1,250,000 $312,500 $9,493 4.47%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $750,000 $375,000 $13,399 5.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $710,000 $355,000 $13,549 5.25%
DOVER, DE (FHA|USDA|VA) 2 $470,000 $235,000 $5,505 4.25%
Danville, VA (FHA|USDA|VA) 3 $455,000 $151,667 $4,803 4.67%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $440,000 $220,000 $7,920 4.94%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $415,000 $415,000 $24,767 7.99%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $410,000 $205,000 $4,686 4.25%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $365,000 $365,000 $4,590 4.38%
READING, PA (FHA|USDA|VA) 1 $325,000 $325,000 $15,037 5.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $300,000 $150,000 $7,167 4.63%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $285,000 $285,000 $10,376 4.25%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,521 3.88%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $245,000 $245,000 $4,800 3.75%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $205,000 $205,000 $7,488 4.88%
Tifton, GA (FHA|USDA|VA) 1 $185,000 $185,000 $8,634 5.13%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $5,468 2.75%
ROANOKE, VA (FHA|USDA|VA) 1 $165,000 $165,000 $4,165 3.88%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $165,000 $165,000 $5,531 5.38%
STAUNTON, VA (FHA|USDA|VA) 1 $165,000 $165,000 $10,976 4.00%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $155,000 $155,000 $9,279 4.63%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $125,000 $125,000 $6,693 5.63%
PITTSBURGH, PA (FHA|USDA|VA) 1 $115,000 $115,000 $4,082 5.13%
Nation One Mortgage Corporation's top markets include Philadelphia, Charleston, Atlantic City, Lynchburg, and New York among others.

Their top states include:
  • New Jersey (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against NATION ONE MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 721 $141,705,000 $196,540 $9,171 4.69%
    Conventional 409 $86,115,000 $210,550 $5,987 4.65%
    VA 118 $30,580,000 $259,153 $4,922 4.73%
    USDA 31 $5,185,000 $167,258 $6,986 4.16%
    Conventional 2 $160,000 $80,000 $0 0.00%

    For 2019, Nation One Mortgage Corporation's most frequently originated type of loan was FHA, with 721 originations. Their 2nd most popular type was Conventional, with 409 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,082 $218,210,000 $201,673 $7,789 4.73%
    Refi 128 $30,880,000 $241,250 $7,136 4.15%
    Cash Out Refi 71 $14,655,000 $206,408 $7,593 4.56%

    For 2019, Nation One Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,082 originations. The 2nd most popular reason was Refi, with 128 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,235 $254,725,000 $206,255 $7,787 4.69%
    15 Year 29 $5,185,000 $178,793 $4,831 3.82%
    20 Year 10 $2,050,000 $205,000 $6,482 4.17%
    Other 7 $1,785,000 $255,000 $8,658 3.68%

    For 2019, Nation One Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,235 originations. The 2nd most popular length was 15 Year, with 29 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 318 $61,680,000 $193,962
    $2k-3k 314 $54,620,000 $173,949
    $1k-2k 267 $53,945,000 $202,041
    $5k+ 140 $39,530,000 $282,357
    $4k-5k 123 $27,245,000 $221,504
    $<1k 114 $26,200,000 $229,825

    Nation One Mortgage Corporation's average total fees were $7,787, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 318 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 613 $127,945,000 $208,719
    5-6% 401 $75,745,000 $188,890
    3-4% 249 $56,885,000 $228,454
    6-7% 8 $1,270,000 $158,750
    2.5-3% 4 $920,000 $230,000
    7-8% 2 $520,000 $260,000
    Over 8% 2 $300,000 $150,000

    During 2019, Nation One Mortgage Corporation's average interest rate for loans was 4.69%, while their most frequently originated rate bucket for loans was 4-5%, with 613 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 638 $98,020,000 $153,636 $6,954 4.73%
    $200k-400k 527 $139,805,000 $265,285 $8,803 4.57%
    $100,000 or less 74 $6,080,000 $82,162 $4,859 4.89%
    $400k-600k 37 $16,525,000 $446,622 $9,423 4.54%
    $600k-1MM 5 $3,315,000 $663,000 $17,469 4.45%

    2019 saw Nation One Mortgage Corporation place emphasis on $100k-200k loans with 638 originations, totaling $98,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 462 $86,010,000 $186,169 $7,451 4.73%
    $75k-100k 259 $57,215,000 $220,907 $8,130 4.60%
    $50k or less 236 $35,630,000 $150,975 $6,714 4.70%
    $100k-150k 214 $52,450,000 $245,093 $8,552 4.63%
    $150k-250k 93 $27,915,000 $300,161 $8,941 4.60%
    $250k+ 17 $4,525,000 $266,176 $5,194 4.21%

    Nation One Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 462 originations. The second most popular income band? $75k-100k, with 259 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 287 $61,035,000 $212,666 $9,043 4.68%
    30-36% 175 $35,125,000 $200,714 $7,028 4.58%
    20-30% 126 $23,450,000 $186,111 $6,532 4.51%
    49% 64 $13,720,000 $214,375 $7,674 4.75%
    46% 53 $11,545,000 $217,830 $8,057 4.81%
    37% 52 $12,110,000 $232,885 $8,256 4.56%
    41% 51 $9,475,000 $185,784 $7,417 4.84%
    44% 51 $10,835,000 $212,451 $6,957 4.74%
    48% 50 $10,390,000 $207,800 $7,993 4.70%
    40% 49 $11,325,000 $231,122 $8,328 4.59%
    47% 49 $9,485,000 $193,571 $7,576 4.59%
    45% 47 $10,125,000 $215,426 $7,601 4.77%
    43% 44 $10,020,000 $227,727 $7,658 4.81%
    39% 41 $7,575,000 $184,756 $6,841 4.86%
    <20% 38 $7,620,000 $200,526 $6,683 4.35%
    36% 35 $6,185,000 $176,714 $7,228 4.62%
    42% 33 $6,185,000 $187,424 $6,856 4.67%
    38% 31 $6,675,000 $215,323 $7,235 4.79%
    >60% 3 $705,000 $235,000 $7,663 6.17%
    Exempt% 2 $160,000 $80,000 $0 0.00%

    Nation One Mortgage Corporation lent most frequently to those with DTI ratios of 50-60%, with 287 originations. The next most common DTI ratio? 30-36%, with 175 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 940 $190,270,000 $202,415 $7,598 4.65%
    Black 203 $42,175,000 $207,759 $8,333 4.76%
    Not provided 107 $23,845,000 $222,850 $7,341 4.65%
    Asian 19 $4,995,000 $262,895 $9,259 4.49%
    American Indian 4 $750,000 $187,500 $5,983 5.00%
    Asian Indian 3 $585,000 $195,000 $8,184 4.58%
    Other Asian 1 $315,000 $315,000 $15,587 5.13%
    Other Pacific Islander 1 $245,000 $245,000 $9,572 5.00%
    Filipino 1 $245,000 $245,000 $550 5.13%
    Vietnamese 1 $175,000 $175,000 $5,823 5.13%
    Native Hawaiian or Islander 1 $145,000 $145,000 $4,815 5.25%

    Approval Rates

    Total approvals of all applications
    97.80%

    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
    67.99%

    Nation One Mortgage Corporation 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
    Exempt 2 $160,000 $80,000
    NA 1,279 $263,585,000 $206,087

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 15 $1,915,000 $127,667
    Single Family (1-4 Units):Site-Built 1,266 $261,830,000 $206,817

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $720,000 $120,000 $4,457 4.33%
    40-60% 25 $4,075,000 $163,000 $6,007 4.52%
    60-80% 176 $35,640,000 $202,500 $6,400 4.66%
    80-100% 1,031 $213,225,000 $206,814 $7,983 4.67%
    Over 100% 41 $9,925,000 $242,073 $7,934 4.70%