Eagle One Mortgage Rates, Fees & Info
Claymont, DELEI: 5493009TOEDMWVNG1442
Tax ID: 23-1357108
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Mortgage Data
Review & Overview
Eagle One is a smaller mortgage company specializing in Home Improvement and Cash Out Refi loans. Eagle One has a high proportion of conventional loans. Their top two markets are Philadelphia and Lancaster .Eagle One has an above average approval rate when compared to the average across all lenders. Eagle One is typically a low 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 |
|---|---|---|
| 15 Year Conventional Purchase | 6.09% | 12/16/24 |
| 15 Year Conventional Refi | 5.81% | 12/16/24 |
| 15 Year Cash-out Refi | 5.81% | 12/16/24 |
| 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. | ||
Eagle One Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
25Origination Dollar Volume (All Markets)
$1,645,000Relative Rate
Eagle One's average 30 year fixed mortgage rate was
8.13%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.65%.
Relative Fees (Closing Costs)
Eagle One's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,246.
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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 21 | $1,345,000 | $64,048 | $3,246 | 6.73% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $300,000 | $75,000 | $370 | 5.94% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $1,580,000 | $65,833 | $1,808 | 6.55% |
| HELOC | 1 | $65,000 | $65,000 | n/a | 8.00% |
For 2023, Eagle One's most frequently originated type of loan was Conventional, with 24 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2023, Eagle One's most frequently cited loan purpose was Home Improvement, with 14 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Loan Duration/Length
For 2023, Eagle One's most frequently cited loan duration was 15 Year, with 12 originations. The 2nd most popular length was 5 Year, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 22 | $1,270,000 | $57,727 |
| $1k-2k | 2 | $310,000 | $155,000 |
Eagle One's average total fees were $3,246, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 22 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 9 | $605,000 | $67,222 |
| 7-8% | 8 | $640,000 | $80,000 |
| 4-5% | 4 | $130,000 | $32,500 |
| 5-6% | 3 | $75,000 | $25,000 |
| Over 8% | 1 | $195,000 | $195,000 |
During 2023, Eagle One's average interest rate for loans was 8.13%, while their most frequently originated rate bucket for loans was 6-7%, with 9 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 21 | $1,065,000 | $50,714 | $0 | 6.51% |
| $100k-200k | 4 | $580,000 | $145,000 | $1,808 | 7.09% |
2023 saw Eagle One place emphasis on $100,000 or less loans with 21 originations, totaling $1,065,000 in origination value.
Applicant Income
Eagle One lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k-75k, with 5 originations.
Applicant Debt to Income Ratio
Eagle One lent most frequently to those with DTI ratios of <20%, with 7 originations. The next most common DTI ratio? 20-30%, with 7 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 24 | $1,530,000 | $63,750 | $3,246 | 6.61% |
| White | 1 | $115,000 | $115,000 | $370 | 6.50% |
Approval Rates
Total approvals of all applications100.00%
Eagle One has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 25 | $1,645,000 | $65,800 |