Vision One Mortgage Rates, Fees & Info

NEWPORT BEACH, CA

LEI: 5493007VDE1SMI6Z0Q04

Tax ID: 20-3828708

1.2 stars - out of 5 stars, based on 36 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Vision One Mortgage is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Vision One Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Los Angeles, Riverside, Seattle, Sacramento, and San Diego among others. Vision One Mortgage has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Vision One Mortgage is typically a high fee lendor.


Originations

1,328

Origination Dollar Volume (All Markets)

$494,460,000

Awards

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

Relative Rate

Vision One Mortgage 's average 30 year fixed rate mortgage of loans were 3.17%.

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

This yields a difference of 0.02%.

Relative Fees

Vision One Mortgage 's average total fees for a 30 year fixed rate mortgage are $8,477.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 603 $261,045,000 $432,910 $8,809 3.11%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 437 $153,825,000 $352,002 $8,180 3.18%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 27 $8,325,000 $308,333 $7,130 2.99%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 17 $6,015,000 $353,824 $9,768 2.97%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 17 $5,755,000 $338,529 $7,113 3.03%
BOISE CITY, ID (FHA|USDA|VA) 25 $5,555,000 $222,200 $6,511 3.02%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 18 $4,780,000 $265,556 $6,879 3.20%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 12 $3,820,000 $318,333 $6,674 3.03%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 8 $3,610,000 $451,250 $11,513 3.34%
BAKERSFIELD, CA (FHA|USDA|VA) 16 $3,460,000 $216,250 $6,262 3.31%
FRESNO, CA (FHA|USDA|VA) 13 $2,685,000 $206,538 $6,905 3.17%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $2,425,000 $485,000 $12,242 3.43%
EL CENTRO, CA (FHA|USDA|VA) 10 $2,350,000 $235,000 $8,017 3.18%
STOCKTON, CA (FHA|USDA|VA) 9 $2,255,000 $250,556 $6,451 2.94%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $2,200,000 $366,667 $5,834 2.89%
SALINAS, CA (FHA|USDA|VA) 4 $1,840,000 $460,000 $14,876 3.50%
MODESTO, CA (FHA|USDA|VA) 7 $1,835,000 $262,143 $7,625 3.27%
Outside of Metro Areas 8 $1,830,000 $228,750 $7,946 3.28%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 7 $1,675,000 $239,286 $6,908 3.29%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 7 $1,655,000 $236,429 $6,218 2.93%
IDAHO FALLS, ID (FHA|USDA|VA) 6 $1,310,000 $218,333 $6,431 3.00%
VISALIA, CA (FHA|USDA|VA) 5 $1,195,000 $239,000 $5,928 3.45%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 5 $1,035,000 $207,000 $6,076 2.90%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $950,000 $237,500 $6,720 2.78%
Outside of Metro Areas 3 $925,000 $308,333 $8,486 3.46%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $790,000 $395,000 $7,739 2.88%
WENATCHEE, WA (FHA|USDA|VA) 3 $765,000 $255,000 $6,603 3.17%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 3 $745,000 $248,333 $7,533 3.04%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $705,000 $235,000 $5,345 3.42%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $580,000 $290,000 $6,279 3.25%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $560,000 $280,000 $8,203 3.44%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $475,000 $475,000 $0 3.50%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $465,000 $465,000 $16,680 3.63%
POCATELLO, ID (FHA|USDA|VA) 2 $450,000 $225,000 $6,441 3.06%
Sandpoint, ID (FHA|USDA|VA) 2 $440,000 $220,000 $6,681 3.25%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $395,000 $395,000 $13,270 3.38%
TWIN FALLS, ID (FHA|USDA|VA) 2 $370,000 $185,000 $6,459 3.44%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $345,000 $345,000 $9,266 3.13%
Moses Lake, WA (FHA|USDA|VA) 1 $315,000 $315,000 $7,541 3.13%
MADERA, CA (FHA|USDA|VA) 1 $315,000 $315,000 $9,186 2.88%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $310,000 $155,000 $5,284 3.00%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $285,000 $285,000 $7,635 3.25%
LOGAN, UT-ID (FHA|USDA|VA) 1 $245,000 $245,000 $7,408 3.38%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $245,000 $245,000 $6,880 3.50%
MERCED, CA (FHA|USDA|VA) 1 $235,000 $235,000 $2,665 2.63%
Burley, ID (FHA|USDA|VA) 1 $225,000 $225,000 $7,116 3.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $225,000 $225,000 $6,223 2.88%
REDDING, CA (FHA|USDA|VA) 1 $225,000 $225,000 $7,785 3.25%
Shelton, WA (FHA|USDA|VA) 1 $225,000 $225,000 $6,579 3.50%
Othello, WA (FHA|USDA|VA) 1 $215,000 $215,000 $6,551 2.88%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $215,000 $215,000 $7,785 2.88%
YAKIMA, WA (FHA|USDA|VA) 1 $215,000 $215,000 $5,700 3.88%
ODESSA, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,501 3.88%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $205,000 $205,000 $5,237 3.38%
Moscow, ID (FHA|USDA|VA) 1 $185,000 $185,000 $6,179 3.25%
LONGVIEW, WA (FHA|USDA|VA) 1 $185,000 $185,000 $3,752 3.00%
La Grande, OR (FHA|USDA|VA) 1 $175,000 $175,000 $7,435 3.13%
TUCSON, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.63%
YUMA, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $5,819 3.38%
WALLA WALLA, WA (FHA|USDA|VA) 1 $135,000 $135,000 $5,183 3.88%
Aberdeen, WA (FHA|USDA|VA) 1 $135,000 $135,000 $6,688 2.63%

Vision One Mortgage 's top markets include Los Angeles, Riverside, Seattle, Sacramento, and San Diego among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,070 $389,880,000 $364,374 $8,174 3.15%
FHA 240 $95,900,000 $399,583 $8,765 3.11%
VA 18 $8,680,000 $482,222 $7,699 2.79%

For the 2021 period, Vision One Mortgage 's most frequently originated loan type of loans were Conventional, with 1,070 originations. Their 2nd most popular type is FHA, with 240 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 523 $175,955,000 $336,434 $7,329 3.01%
Cash Out Refi 390 $133,940,000 $343,436 $8,438 3.25%
Home Purchase 357 $164,065,000 $459,566 $9,585 3.21%
Home Improvement 58 $20,500,000 $353,448 $7,660 3.17%

For the 2021, Vision One Mortgage 's most frequently cited loan purpose of loans were Refi, with 523 originations. The 2nd most popular reason of loans were Cash Out Refi, with 390 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,207 $463,875,000 $384,321 $8,477 3.17%
15 Year 61 $13,235,000 $216,967 $6,066 2.61%
20 Year 47 $13,365,000 $284,362 $6,683 2.95%
Other 11 $3,655,000 $332,273 $6,050 3.03%
10 Year 2 $330,000 $165,000 $6,310 2.44%

For the 2021, Vision One Mortgage 's most frequently cited loan length of loans were 30 Year, with 1,207 originations. The 2nd most popular length of loans were 15 Year, with 61 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$5k+ 590 $237,870,000 $403,169
$3k-4k 389 $124,345,000 $319,653
$2k-3k 245 $96,785,000 $395,041
$1k-2k 13 $4,165,000 $320,385
$<1k 2 $460,000 $230,000

$8,477 of loans were Vision One Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $5k+ bucket, with 590 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 733 $278,255,000 $379,611
2.5-3% 494 $180,590,000 $365,567
<2.5% 87 $28,825,000 $331,322
4-5% 13 $5,465,000 $420,385
5-6% 1 $1,325,000 $1,325,000

During 2021, Vision One Mortgage 's average interest rate of loans were 3.17%, while their most frequently originated rate bucket of loans were 3-4%, with 733 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 652 $194,160,000 $297,791 $7,567 3.12%
$400k-600k 458 $218,260,000 $476,550 $9,098 3.15%
$100k-200k 129 $21,065,000 $163,295 $6,086 3.13%
$600k-1MM 86 $59,540,000 $692,326 $12,336 3.22%
$100,000 or less 2 $110,000 $55,000 $2,398 2.75%
$1MM+ 1 $1,325,000 $1,325,000 $20,140 5.50%

2021 saw Vision One Mortgage place emphasis on $200k-400k loans with 652 originations, totaling $194,160,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$75k-100k 382 $144,650,000 $378,665 $8,201 3.14%
$50k-75k 354 $106,460,000 $300,734 $7,960 3.13%
$100k-150k 323 $145,875,000 $451,625 $8,897 3.13%
$50k or less 125 $27,505,000 $220,040 $7,105 3.16%
$150k-250k 103 $51,465,000 $499,660 $9,950 3.14%
$250k+ 24 $12,740,000 $530,833 $9,346 3.22%

Vision One Mortgage lent most frequently to those with incomes in the $75k-100k range, with 382 originations. The second most popular income band? $50k-75k, with 354 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 176 $60,480,000 $343,636 $7,748 3.13%
20-30% 142 $44,840,000 $315,775 $7,461 3.08%
50-60% 112 $45,580,000 $406,964 $9,158 3.11%
44% 101 $38,235,000 $378,564 $9,291 3.19%
43% 91 $35,495,000 $390,055 $8,724 3.23%
49% 78 $31,450,000 $403,205 $9,748 3.17%
48% 67 $26,185,000 $390,821 $9,422 3.20%
40% 62 $23,840,000 $384,516 $8,192 3.08%
41% 62 $24,580,000 $396,452 $7,475 3.14%
45% 58 $22,020,000 $379,655 $7,862 3.09%
47% 57 $22,105,000 $387,807 $8,117 3.19%
42% 54 $21,660,000 $401,111 $8,602 3.13%
46% 53 $21,545,000 $406,509 $7,940 3.13%
36% 47 $17,065,000 $363,085 $7,959 3.15%
39% 46 $17,660,000 $383,913 $9,043 3.21%
38% 42 $15,530,000 $369,762 $7,629 3.21%
37% 37 $13,005,000 $351,486 $7,710 3.12%
<20% 25 $6,915,000 $276,600 $6,721 2.88%
>60% 1 $505,000 $505,000 $0 3.50%

Vision One Mortgage lent most frequently to those with DTI ratios of 30-36%, with 176 originations. The next most common DTI ratio? 20-30%, with 142 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not provided 939 $348,165,000 $370,783 $8,411 3.13%
White 369 $137,475,000 $372,561 $7,859 3.15%
Black 13 $4,815,000 $370,385 $8,357 3.19%
Asian 3 $2,115,000 $705,000 $15,679 3.71%
Japanese 2 $900,000 $450,000 $9,652 3.06%
Chinese 1 $525,000 $525,000 $16,815 3.13%
Filipino 1 $465,000 $465,000 $8,160 3.63%

Approval Rates

Total approvals of all applications
85.62%

Vision One Mortgage has an average approval rate.

Pick Rate

Approvals leading to origination
84.52%

Vision One Mortgage has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,328 $494,460,000 $372,334

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,328 $494,460,000 $372,334

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 85 $18,565,000 $218,412 $6,442 2.89%
40-60% 272 $82,520,000 $303,382 $7,541 3.05%
60-80% 611 $232,955,000 $381,268 $8,470 3.21%
80-100% 355 $158,835,000 $447,423 $8,982 3.16%
Over 100% 3 $1,465,000 $488,333 $5,879 2.67%
Under 20% 2 $120,000 $60,000 $2,798 2.38%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Vision Mortgage Company, Ltd. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 100.0%