Vision One Mortgage Rates, Fees & Info

NEWPORT BEACH, CA

LEI: 5493007VDE1SMI6Z0Q04

Tax ID: 20-3828708

1 stars - Updated: 7/11/24 - out of 5 stars, based on 15 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Vision One Mortgage is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Vision One Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Bakersfield, Phoenix, and Sacramento among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

Vision One Mortgage has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Vision One Mortgage 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 relatively high 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 6.95% 7/11/24
30 Year Conventional Refi 6.38% 7/11/24
30 Year Cash-out Refi 6.56% 7/11/24
30 Year FHA Purchase 7.46% 7/11/24
30 Year FHA Refi 7.04% 7/11/24
30 Year VA Purchase 6.89% 7/11/24
15 Year Conventional Purchase 5.68% 7/11/24
15 Year Conventional Refi 6.81% 7/11/24
15 Year Cash-out Refi 6.81% 7/11/24
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.

Vision One Mortgage Mortgage Calculator






Your Estimates

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

This is not an official calculator from Vision One Mortgage. 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

230

Origination Dollar Volume (All Markets)

$111,600,000

Awards

VISION ONE MORTGAGE FHA Loans gold VISION ONE MORTGAGE FHA Loans gold
Show all (2) awards

Relative Rate

Vision One Mortgage's average 30 year fixed mortgage rate was 6.65%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.17%.

Relative Fees (Closing Costs)

Vision One Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $15,102.

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 $9,089.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 95 $54,255,000 $571,105 $16,617 6.67%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 103 $45,025,000 $437,136 $14,040 6.54%
BAKERSFIELD, CA (FHA|USDA|VA) 6 $2,180,000 $363,333 $13,178 6.40%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,540,000 $385,000 $17,440 7.28%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,175,000 $391,667 $9,421 7.13%
SALINAS, CA (FHA|USDA|VA) 3 $1,135,000 $378,333 $15,482 7.04%
BOISE CITY, ID (FHA|USDA|VA) 1 $715,000 $715,000 $19,201 6.00%
VISALIA, CA (FHA|USDA|VA) 2 $680,000 $340,000 $14,505 7.19%
MODESTO, CA (FHA|USDA|VA) 2 $650,000 $325,000 $14,334 6.75%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $565,000 $565,000 $8,339 5.75%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $535,000 $535,000 $11,365 7.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $505,000 $505,000 $0 7.50%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $505,000 $505,000 $24,160 8.63%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $475,000 $475,000 $16,081 6.38%
FRESNO, CA (FHA|USDA|VA) 1 $325,000 $325,000 $10,239 6.63%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $315,000 $315,000 $13,332 7.00%
Moses Lake, WA (FHA|USDA|VA) 1 $285,000 $285,000 $0 7.63%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $11,736 6.75%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $235,000 $235,000 $10,018 7.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $225,000 $225,000 $9,838 7.63%
Vision One Mortgage's top markets include Los Angeles, Riverside, Bakersfield, Phoenix, and Sacramento among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Similar Lenders

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

    SAFE 1 CREDIT UNION
    Similarity Rank: 24
    AltaOne Federal Credit Union
    Similarity Rank: 55
    Los Angeles Federal Credit Union
    Similarity Rank: 72
    MISSION
    Similarity Rank: 93
    PIONEER
    Similarity Rank: 120
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 126
    VALLEY STRONG CREDIT UNION
    Similarity Rank: 136
    INROADS
    Similarity Rank: 238
    LBS FINANCIAL
    Similarity Rank: 258

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 117 $57,215,000 $489,017 $14,434 6.43%
    Conventional 110 $52,800,000 $480,000 $16,019 6.89%
    VA 3 $1,585,000 $528,333 $11,968 6.29%

    For 2023, Vision One Mortgage's most frequently originated type of loan was FHA, with 117 originations. Their 2nd most popular type was Conventional, with 110 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 180 $91,490,000 $508,278 $15,155 6.63%
    Cash Out Refi 37 $15,165,000 $409,865 $14,681 6.80%
    Refi 10 $3,660,000 $366,000 $15,658 6.51%
    Home Improvement 3 $1,285,000 $428,333 $14,539 6.67%

    For 2023, Vision One Mortgage's most frequently cited loan purpose was Home Purchase, with 180 originations. The 2nd most popular reason was Cash Out Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 228 $111,010,000 $486,886 $15,102 6.65%
    15 Year 2 $590,000 $295,000 $12,825 6.38%

    For 2023, Vision One Mortgage's most frequently cited loan duration was 30 Year, with 228 originations. The 2nd most popular length was 15 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 188 $92,300,000 $490,957
    $2k-3k 10 $5,350,000 $535,000
    $3k-4k 7 $3,135,000 $447,857
    $4k-5k 7 $2,985,000 $426,429
    $1k-2k 1 $795,000 $795,000

    Vision One Mortgage's average total fees were $15,102, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 188 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 138 $67,790,000 $491,232
    7-8% 51 $25,075,000 $491,667
    5-6% 35 $16,105,000 $460,143
    Over 8% 5 $2,075,000 $415,000
    4-5% 1 $555,000 $555,000

    During 2023, Vision One Mortgage's average interest rate for loans was 6.65%, while their most frequently originated rate bucket for loans was 6-7%, with 138 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 106 $53,200,000 $501,887 $15,027 6.65%
    $200k-400k 69 $21,325,000 $309,058 $12,068 6.67%
    $600k-1MM 49 $34,165,000 $697,245 $19,537 6.66%
    $100k-200k 4 $630,000 $157,500 $8,226 6.34%
    $1MM+ 2 $2,280,000 $1,140,000 $13,239 6.38%

    2023 saw Vision One Mortgage place emphasis on $400k-600k loans with 106 originations, totaling $53,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 103 $49,285,000 $478,495 $15,095 6.60%
    $150k-250k 53 $32,085,000 $605,377 $16,403 6.78%
    $75k-100k 39 $14,505,000 $371,923 $12,561 6.45%
    $50k-75k 18 $5,200,000 $288,889 $11,980 6.59%
    $250k+ 13 $9,505,000 $731,154 $24,626 7.11%
    $50k or less 4 $1,020,000 $255,000 $8,689 7.00%

    Vision One Mortgage lent most frequently to those with incomes in the $100k-150k range, with 103 originations. The second most popular income band? $150k-250k, with 53 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 50 $25,630,000 $512,600 $14,438 6.37%
    49% 25 $11,235,000 $449,400 $14,420 6.56%
    48% 23 $11,575,000 $503,261 $14,271 6.76%
    44% 19 $8,945,000 $470,789 $15,219 6.74%
    42% 16 $7,550,000 $471,875 $16,630 6.61%
    30-36% 14 $6,710,000 $479,286 $15,172 7.10%
    45% 11 $6,995,000 $635,909 $18,892 6.75%
    43% 11 $4,965,000 $451,364 $15,081 6.61%
    46% 10 $5,370,000 $537,000 $17,750 6.85%
    47% 10 $5,090,000 $509,000 $16,968 6.80%
    40% 8 $3,260,000 $407,500 $12,199 6.55%
    39% 8 $3,060,000 $382,500 $12,137 6.67%
    41% 7 $3,385,000 $483,571 $16,255 6.70%
    <20% 4 $2,340,000 $585,000 $24,160 7.16%
    37% 4 $1,650,000 $412,500 $15,586 6.94%
    36% 3 $1,135,000 $378,333 $11,614 6.79%
    20-30% 3 $1,065,000 $355,000 $6,308 6.75%
    38% 2 $820,000 $410,000 $13,786 6.56%
    >60% 2 $820,000 $410,000 $17,246 6.31%

    Vision One Mortgage lent most frequently to those with DTI ratios of 50-60%, with 50 originations. The next most common DTI ratio? 49%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 124 $58,410,000 $471,048 $15,425 6.73%
    White 103 $51,595,000 $500,922 $14,899 6.56%
    Black 2 $1,160,000 $580,000 $9,586 6.19%
    Filipino 1 $435,000 $435,000 $6,467 6.50%

    Approval Rates

    Total approvals of all applications
    74.77%

    Vision One Mortgage has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    94.35%

    Vision One Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 230 $111,600,000 $485,217

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    230 $111,600,000 $485,217

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $2,850,000 $285,000 $11,404 6.84%
    40-60% 20 $6,860,000 $343,000 $13,463 6.64%
    60-80% 56 $26,750,000 $477,679 $16,247 6.91%
    80-100% 143 $74,575,000 $521,503 $15,043 6.54%
    Over 100% 1 $565,000 $565,000 $16,559 6.75%