Vision One Mortgage Rates, Fees & Info
NEWPORT BEACH, CALEI: 5493007VDE1SMI6Z0Q04
Tax ID: 20-3828708
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.95% | 11/17/24 |
| 30 Year Conventional Refi | 6.38% | 11/17/24 |
| 30 Year Cash-out Refi | 6.56% | 11/17/24 |
| 30 Year FHA Purchase | 7.46% | 11/17/24 |
| 30 Year FHA Refi | 7.04% | 11/17/24 |
| 30 Year VA Purchase | 6.89% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 15 Year Conventional Refi | 6.81% | 11/17/24 |
| 15 Year Cash-out Refi | 6.81% | 11/17/24 |
| 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
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This is not an official calculator from Vision One Mortgage. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
230Origination Dollar Volume (All Markets)
$111,600,000Awards
VISION ONE MORTGAGE - 2023
VISION ONE MORTGAGE is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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.
Similarity Rank: 24
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Similarity Rank: 258
Similarity Rank: 261
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
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
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
2023 saw Vision One Mortgage place emphasis on $400k-600k loans with 106 originations, totaling $53,200,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications74.77%
Vision One Mortgage has a below average approval rate.
Pick Rate
Approvals leading to origination94.35%
Vision One Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 230 | $111,600,000 | $485,217 |