Oneaz Credit Union Mortgage Rates, Fees & Info

PHOENIX, AZ

LEI: 549300EWL25M8JXH2R78

Tax ID: 86-0108770

5 stars - out of 5 stars, based on 48 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Oneaz Credit Union is a smaller credit union specializing in Home Improvement, Home Purchase, and Cash Out Refi loans. Oneaz Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Prescott Valley, Tucson, Flagstaff, and Safford among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Oneaz Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Oneaz Credit Union 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 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.

    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
    Home Equity Line of Credit (HELOC) 4.73% 3/27/23
    30 Year Conventional Purchase 6.12% 3/27/23
    30 Year Conventional Refi 6.28% 3/27/23
    30 Year Cash-out Refi 6.45% 3/27/23
    15 Year Conventional Purchase 5.73% 3/27/23
    15 Year Conventional Refi 6.17% 3/27/23
    15 Year Cash-out Refi 6.17% 3/27/23
    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.


    Originations

    2,326

    Origination Dollar Volume (All Markets)

    $419,190,000
    Show all (6) awards

    Relative Rate

    Oneaz Credit Union's average 30 year fixed mortgage rate was 4.43%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.33%.

    Relative Fees (Closing Costs)

    Oneaz Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,432.

    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 $4,750.

    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
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1,205 $225,125,000 $186,826 $3,010 3.88%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 492 $82,690,000 $168,069 $2,888 3.94%
    TUCSON, AZ (FHA|USDA|VA) 262 $47,090,000 $179,733 $3,704 3.74%
    FLAGSTAFF, AZ (FHA|USDA|VA) 197 $35,975,000 $182,614 $3,452 3.68%
    Safford, AZ (FHA|USDA|VA) 114 $17,890,000 $156,930 $3,426 3.92%
    Show Low, AZ (FHA|USDA|VA) 12 $2,500,000 $208,333 $4,010 3.81%
    Outside of Metro Areas 16 $2,080,000 $130,000 $3,993 4.28%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $1,745,000 $1,745,000 $5,810 3.63%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 7 $1,295,000 $185,000 $3,639 4.56%
    Payson, AZ (FHA|USDA|VA) 8 $1,280,000 $160,000 $3,881 4.22%
    YUMA, AZ (FHA|USDA|VA) 3 $835,000 $278,333 $3,961 3.18%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 6 $530,000 $88,333 $1,448 3.87%
    Nogales, AZ (FHA|USDA|VA) 3 $155,000 $51,667 $203 4.60%
    Oneaz Credit Union's top markets include Phoenix, Prescott Valley, Tucson, Flagstaff, and Safford among others.

    Their top states include:
  • Arizona (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • Similar Lenders

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

    First Credit Union
    Similarity Rank: 310
    UNITED SECURITY FINANCIAL CORP
    Similarity Rank: 1170
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1170
    Western State Bank
    Similarity Rank: 1710
    ARIZONA CENTRAL
    Similarity Rank: 1716
    PIMA Federal Credit Union
    Similarity Rank: 1770
    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 2552
    MERIWEST MORTGAGE COMPANY, LLC
    Similarity Rank: 2838
    AERO Federal Credit Union
    Similarity Rank: 2856
    Chicago Financial Services, Inc.
    Similarity Rank: 3131

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,280 $131,480,000 $102,719 n/a 3.37%
    Conventional 1,046 $287,710,000 $275,057 $3,147 4.47%

    For 2022, Oneaz Credit Union's most frequently originated type of loan was HELOC, with 1,280 originations. Their 2nd most popular type was Conventional, with 1,046 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 968 $97,930,000 $101,167 $236 3.56%
    Other 479 $41,285,000 $86,190 $265 3.89%
    Home Purchase 399 $151,625,000 $380,013 $5,503 4.43%
    Cash Out Refi 360 $101,860,000 $282,944 $3,023 4.05%
    Refi 120 $26,490,000 $220,750 $2,566 3.80%

    For 2022, Oneaz Credit Union's most frequently cited loan purpose was Home Improvement, with 968 originations. The 2nd most popular reason was Other, with 479 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,280 $132,530,000 $103,539 $0 3.38%
    30 Year 600 $221,490,000 $369,150 $4,432 4.43%
    15 Year 275 $37,315,000 $135,691 $1,453 4.38%
    10 Year 95 $18,945,000 $199,421 $418 4.90%
    20 Year 45 $7,605,000 $169,000 $3,294 4.01%
    5 Year 31 $1,305,000 $42,097 $215 5.13%

    For 2022, Oneaz Credit Union's most frequently cited loan duration was Other, with 1,280 originations. The 2nd most popular length was 30 Year, with 600 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 719 $169,095,000 $235,181
    $1k-2k 164 $43,760,000 $266,829
    $2k-3k 61 $19,635,000 $321,885
    $5k+ 39 $20,755,000 $532,179
    $3k-4k 30 $11,480,000 $382,667
    $4k-5k 16 $7,650,000 $478,125

    Oneaz Credit Union's average total fees were $4,432, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 719 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 718 $89,980,000 $125,320
    3-4% 517 $111,165,000 $215,019
    4-5% 509 $115,495,000 $226,906
    5-6% 321 $68,735,000 $214,128
    <2.5% 150 $19,680,000 $131,200
    6-7% 80 $11,030,000 $137,875
    7-8% 30 $3,060,000 $102,000
    Over 8% 1 $45,000 $45,000

    During 2022, Oneaz Credit Union's average interest rate for loans was 4.43%, while their most frequently originated rate bucket for loans was 2.5-3%, with 718 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 875 $48,575,000 $55,514 $706 3.86%
    $100k-200k 749 $99,795,000 $133,238 $2,427 3.69%
    $200k-400k 468 $119,360,000 $255,043 $3,633 3.94%
    $400k-600k 138 $66,780,000 $483,913 $5,436 4.39%
    $600k-1MM 77 $56,375,000 $732,143 $6,537 4.29%
    $1MM+ 19 $28,305,000 $1,489,737 $9,023 4.04%

    2022 saw Oneaz Credit Union place emphasis on $100,000 or less loans with 875 originations, totaling $48,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 662 $112,410,000 $169,804 $3,090 3.90%
    $150k-250k 496 $110,230,000 $222,238 $3,653 3.80%
    $75k-100k 403 $56,905,000 $141,203 $2,758 3.78%
    $50k-75k 387 $49,865,000 $128,850 $2,697 3.99%
    $50k or less 188 $18,520,000 $98,511 $2,557 3.74%
    $250k+ 154 $54,010,000 $350,714 $5,118 3.94%

    Oneaz Credit Union lent most frequently to those with incomes in the $100k-150k range, with 662 originations. The second most popular income band? $150k-250k, with 496 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 564 $94,950,000 $168,351 $2,803 3.77%
    30-36% 520 $87,810,000 $168,865 $3,195 3.85%
    <20% 238 $39,870,000 $167,521 $2,969 3.69%
    41% 167 $25,025,000 $149,850 $2,634 3.83%
    39% 132 $21,670,000 $164,167 $2,850 3.88%
    38% 120 $19,550,000 $162,917 $2,984 3.78%
    40% 119 $18,925,000 $159,034 $3,481 3.77%
    37% 103 $18,335,000 $178,010 $3,228 3.83%
    36% 100 $14,630,000 $146,300 $3,431 4.03%
    42% 95 $15,235,000 $160,368 $3,828 4.07%
    44% 36 $11,690,000 $324,722 $3,748 4.24%
    43% 32 $11,760,000 $367,500 $3,875 4.48%
    45% 22 $8,060,000 $366,364 $4,430 3.78%
    48% 21 $6,385,000 $304,048 $4,256 4.55%
    46% 16 $3,960,000 $247,500 $3,680 5.09%
    47% 12 $3,340,000 $278,333 $3,769 4.55%
    49% 11 $2,705,000 $245,909 $3,038 4.49%
    50-60% 3 $415,000 $138,333 $2,305 3.31%

    Oneaz Credit Union lent most frequently to those with DTI ratios of 20-30%, with 564 originations. The next most common DTI ratio? 30-36%, with 520 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,822 $273,870,000 $150,313 $2,809 3.83%
    Not provided 310 $86,530,000 $279,129 $3,796 4.04%
    Asian 104 $32,530,000 $312,788 $5,047 3.90%
    Not applicable 15 $14,875,000 $991,667 $0 5.23%
    Black 37 $5,215,000 $140,946 $2,332 3.50%
    American Indian 27 $4,955,000 $183,519 $2,575 4.03%
    Native Hawaiian or Islander 7 $775,000 $110,714 $7,791 3.60%
    Asian Indian 2 $320,000 $160,000 $0 2.39%
    Filipino 1 $65,000 $65,000 $0 4.50%
    Vietnamese 1 $55,000 $55,000 $0 2.70%

    Approval Rates

    Total approvals of all applications
    71.40%

    Oneaz Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    58.43%

    Oneaz Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,326 $419,190,000 $180,219

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,326 $419,190,000 $180,219

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 611 $88,535,000 $144,902 $2,157 3.56%
    40-60% 237 $66,605,000 $281,034 $3,035 3.94%
    60-80% 219 $82,835,000 $378,242 $4,474 4.37%
    80-100% 205 $98,275,000 $479,390 $5,874 4.53%
    Under 20% 1,054 $82,940,000 $78,691 $536 3.79%