Nation One Mortgage Corporation Rates, Fees & Info
MARLTON, NJLEI: 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 and Refi 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 by origination volume include: Philadelphia, Lynchburg, New York, Atlantic City, and Vineland among others. We have data for 37 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.05% | 4/21/24 |
| 30 Year Conventional Refi | 6.84% | 4/21/24 |
| 30 Year Cash-out Refi | 7.05% | 4/21/24 |
| 30 Year FHA Purchase | 7.74% | 4/21/24 |
| 30 Year FHA Refi | 7.85% | 4/21/24 |
| 30 Year VA Purchase | 6.77% | 4/21/24 |
| 30 Year USDA Purchase | 7.02% | 4/21/24 |
| 15 Year Conventional Purchase | 6.35% | 4/21/24 |
| 15 Year Conventional Refi | 6.34% | 4/21/24 |
| 15 Year Cash-out Refi | 6.34% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,649Origination Dollar Volume (All Markets)
$365,965,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1,047 | $227,745,000 | $217,521 | $7,843 | 3.52% |
| LYNCHBURG, VA (FHA|USDA|VA) | 176 | $33,520,000 | $190,455 | $6,121 | 3.19% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 81 | $26,055,000 | $321,667 | $7,712 | 3.19% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 100 | $20,050,000 | $200,500 | $7,562 | 3.57% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 57 | $9,765,000 | $171,316 | $7,646 | 3.92% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 30 | $9,260,000 | $308,667 | $7,173 | 3.41% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 29 | $7,945,000 | $273,966 | $8,476 | 4.13% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 24 | $5,870,000 | $244,583 | $8,039 | 3.30% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 11 | $3,445,000 | $313,182 | $9,057 | 3.51% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $2,800,000 | $350,000 | $5,823 | 3.27% |
| Outside of Metro Areas | 12 | $2,350,000 | $195,833 | $7,263 | 3.33% |
| ROANOKE, VA (FHA|USDA|VA) | 10 | $1,880,000 | $188,000 | $6,675 | 3.39% |
| RICHMOND, VA (FHA|USDA|VA) | 7 | $1,465,000 | $209,286 | $5,284 | 3.14% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 5 | $1,445,000 | $289,000 | $8,576 | 3.70% |
| DOVER, DE (FHA|USDA|VA) | 6 | $1,410,000 | $235,000 | $9,782 | 3.40% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $7,148 | 4.48% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $9,680 | 3.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $11,082 | 2.81% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $4,196 | 3.44% |
| Danville, VA (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $6,654 | 3.48% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $8,351 | 3.17% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $10,123 | 3.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $7,270 | 3.44% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $14,871 | 4.06% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $8,154 | 3.46% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $7,659 | 3.63% |
| READING, PA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $6,828 | 3.21% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $9,967 | 3.06% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $11,856 | 4.63% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $15,202 | 4.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,019 | 3.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,751 | 2.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,288 | 3.50% |
| Somerset, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,197 | 3.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,910 | 3.63% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,883 | 2.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,476 | 3.13% |
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.
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Product Mix
For 2020, Nation One Mortgage Corporation's most frequently originated type of loan was Conventional, with 822 originations. Their 2nd most popular type was FHA, with 705 originations.
Loan Reason
For 2020, Nation One Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,104 originations. The 2nd most popular reason was Refi, with 408 originations.
Loan Duration/Length
For 2020, Nation One Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,497 originations. The 2nd most popular length was 15 Year, with 81 originations.
Origination Fees/Closing Costs
Nation One Mortgage Corporation's average total fees were $7,815, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 530 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 802 | $169,380,000 | $211,197 |
| 2.5-3% | 437 | $110,845,000 | $253,650 |
| 4-5% | 300 | $59,040,000 | $196,800 |
| <2.5% | 66 | $17,980,000 | $272,424 |
| 5-6% | 44 | $8,720,000 | $198,182 |
During 2020, Nation One Mortgage Corporation's average interest rate for loans was 3.55%, while their most frequently originated rate bucket for loans was 3-4%, with 802 originations.
Loan Sizing
2020 saw Nation One Mortgage Corporation place emphasis on $100k-200k loans with 756 originations, totaling $118,670,000 in origination value.
Applicant Income
Nation One Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 508 originations. The second most popular income band? $50k or less, with 323 originations.
Applicant Debt to Income Ratio
Nation One Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 254 originations. The next most common DTI ratio? 20-30%, with 234 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.17%
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 origination70.95%
Nation One Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,649 | $365,965,000 | $221,931 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 8 | $1,290,000 | $161,250 |
| Single Family (1-4 Units):Site-Built | 1,641 | $364,675,000 | $222,227 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Nation One Mortgage Corporation | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 100.0% |