Oneaz Credit Union Mortgage Rates, Fees & Info
PHOENIX, AZLEI: 549300EWL25M8JXH2R78
Tax ID: 86-0108770
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Oneaz Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Oneaz Credit Union has a high proportion of conventional loans. Their top markets include Phoenix, Prescott Valley, Tucson, Flagstaff, and Safford among others. Oneaz Credit Union 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. Oneaz Credit Union is typically a low fee lendor.Originations
2,443Origination Dollar Volume (All Markets)
$491,545,000Awards
OneAZ Credit Union - 2021
OneAZ Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Oneaz Credit Union's average 30 year fixed rate mortgage of loans were
3.09%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.06%.
Relative Fees
Oneaz Credit Union's average total fees for a 30 year fixed rate
mortgage are $3,056.
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 |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1,106 | $258,750,000 | $233,951 | $2,801 | 3.06% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 614 | $105,910,000 | $172,492 | $2,608 | 3.08% |
| TUCSON, AZ (FHA|USDA|VA) | 266 | $44,520,000 | $167,368 | $3,027 | 3.02% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 213 | $40,385,000 | $189,601 | $2,765 | 2.97% |
| Safford, AZ (FHA|USDA|VA) | 186 | $29,350,000 | $157,796 | $3,182 | 2.80% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 7 | $4,055,000 | $579,286 | $2,256 | 3.96% |
| Show Low, AZ (FHA|USDA|VA) | 16 | $3,850,000 | $240,625 | $4,039 | 2.94% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 9 | $1,615,000 | $179,444 | $3,009 | 2.51% |
| Payson, AZ (FHA|USDA|VA) | 9 | $1,345,000 | $149,444 | $3,209 | 2.98% |
| Outside of Metro Areas | 13 | $1,215,000 | $93,462 | $2,822 | 2.83% |
| YUMA, AZ (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $1,601 | 4.06% |
| Nogales, AZ (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,659 | 3.50% |
Oneaz Credit Union's top markets include Phoenix, Prescott Valley, Tucson, Flagstaff, and Safford among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 2,443 | $491,545,000 | $201,205 | $2,819 | 3.03% |
For the 2021 period, Oneaz Credit Union's most frequently originated loan type of loans were Conventional, with 2,443 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Improvement | 656 | $55,500,000 | $84,604 | $987 | 3.25% |
| Cash Out Refi | 599 | $149,235,000 | $249,140 | $2,706 | 3.01% |
| Refi | 573 | $128,985,000 | $225,105 | $2,385 | 2.84% |
| Home Purchase | 347 | $131,645,000 | $379,380 | $4,457 | 2.89% |
| Other | 268 | $26,180,000 | $97,687 | $1,687 | 3.14% |
For the 2021, Oneaz Credit Union's most frequently cited loan purpose of loans were Home Improvement, with 656 originations. The 2nd most popular reason of loans were Cash Out Refi, with 599 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 930 | $262,890,000 | $282,677 | $3,056 | 3.09% |
| Other | 826 | $86,890,000 | $105,194 | $14,580 | 3.12% |
| 15 Year | 447 | $83,135,000 | $185,984 | $2,491 | 2.68% |
| 20 Year | 118 | $22,500,000 | $190,678 | $2,619 | 2.97% |
| 10 Year | 91 | $25,275,000 | $277,747 | $1,686 | 3.24% |
| 5 Year | 20 | $5,220,000 | $261,000 | $240 | 4.10% |
| 30+ year | 9 | $5,325,000 | $591,667 | $8,339 | 2.47% |
| 1 Year | 2 | $310,000 | $155,000 | $0 | 4.40% |
For the 2021, Oneaz Credit Union's most frequently cited loan length of loans were 30 Year, with 930 originations. The 2nd most popular length of loans were Other, with 826 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1,128 | $264,550,000 | $234,530 |
| $1k-2k | 293 | $59,755,000 | $203,942 |
| $2k-3k | 89 | $22,565,000 | $253,539 |
| $3k-4k | 63 | $23,665,000 | $375,635 |
| $5k+ | 20 | $13,250,000 | $662,500 |
$3,056 of loans were Oneaz Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,128 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1,309 | $226,955,000 | $173,380 |
| 3-4% | 501 | $150,985,000 | $301,367 |
| <2.5% | 377 | $85,295,000 | $226,247 |
| 4-5% | 247 | $27,845,000 | $112,733 |
| 5-6% | 9 | $465,000 | $51,667 |
During 2021, Oneaz Credit Union's average interest rate of loans were 3.09%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,309 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 851 | $120,345,000 | $141,416 | $2,367 | 2.95% |
| $100,000 or less | 751 | $42,555,000 | $56,664 | $1,773 | 3.21% |
| $200k-400k | 650 | $174,110,000 | $267,862 | $3,030 | 2.96% |
| $400k-600k | 94 | $45,160,000 | $480,426 | $4,455 | 2.90% |
| $600k-1MM | 73 | $53,315,000 | $730,342 | $5,039 | 2.90% |
| $1MM+ | 24 | $56,060,000 | $2,335,833 | $8,372 | 3.15% |
2021 saw Oneaz Credit Union place emphasis on $100k-200k loans with 851 originations, totaling $120,345,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 546 | $100,280,000 | $183,663 | $2,891 | 3.05% |
| $50k-75k | 544 | $81,160,000 | $149,191 | $2,529 | 3.02% |
| $75k-100k | 422 | $67,430,000 | $159,787 | $2,623 | 2.98% |
| $50k or less | 406 | $51,740,000 | $127,438 | $2,423 | 3.04% |
| $150k-250k | 351 | $83,505,000 | $237,906 | $3,524 | 3.02% |
| $250k+ | 136 | $67,530,000 | $496,544 | $4,437 | 2.97% |
Oneaz Credit Union lent most frequently to those with incomes in the $100k-150k range, with 546 originations. The second most popular income band? $50k-75k, with 544 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 702 | $132,630,000 | $188,932 | $2,764 | 2.98% |
| 30-36% | 519 | $100,435,000 | $193,516 | $2,823 | 3.08% |
| <20% | 313 | $51,105,000 | $163,275 | $2,540 | 2.86% |
| 42% | 110 | $21,650,000 | $196,818 | $2,997 | 3.06% |
| 41% | 107 | $13,455,000 | $125,748 | $2,837 | 3.22% |
| 40% | 93 | $14,965,000 | $160,914 | $2,717 | 3.18% |
| 39% | 92 | $13,260,000 | $144,130 | $2,998 | 3.10% |
| 37% | 87 | $16,685,000 | $191,782 | $2,848 | 3.11% |
| 36% | 80 | $16,150,000 | $201,875 | $2,759 | 3.15% |
| 38% | 74 | $14,810,000 | $200,135 | $3,122 | 3.07% |
| 44% | 58 | $14,980,000 | $258,276 | $3,196 | 2.94% |
| 43% | 55 | $13,905,000 | $252,818 | $2,937 | 3.01% |
| 47% | 29 | $5,865,000 | $202,241 | $2,863 | 2.85% |
| 45% | 28 | $7,670,000 | $273,929 | $3,269 | 2.87% |
| 49% | 26 | $5,140,000 | $197,692 | $3,371 | 2.84% |
| 48% | 22 | $4,720,000 | $214,545 | $3,075 | 3.06% |
| 46% | 20 | $4,950,000 | $247,500 | $2,934 | 2.96% |
| 50-60% | 1 | $135,000 | $135,000 | $1,640 | 2.75% |
Oneaz Credit Union lent most frequently to those with DTI ratios of 20-30%, with 702 originations. The next most common DTI ratio? 30-36%, with 519 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,834 | $326,010,000 | $177,759 | $2,757 | 3.04% |
| Not provided | 465 | $121,545,000 | $261,387 | $2,966 | 3.00% |
| Asian | 54 | $17,920,000 | $331,852 | $3,622 | 2.79% |
| Not applicable | 12 | $14,940,000 | $1,245,000 | $0 | 3.83% |
| Black | 35 | $5,355,000 | $153,000 | $2,662 | 3.15% |
| American Indian | 26 | $2,880,000 | $110,769 | $2,305 | 3.03% |
| Native Hawaiian | 9 | $1,535,000 | $170,556 | $2,611 | 3.18% |
| Asian Indian | 1 | $705,000 | $705,000 | $2,590 | 3.38% |
| Other Pacific Islander | 3 | $345,000 | $115,000 | $1,134 | 4.13% |
| Other Asian | 3 | $225,000 | $75,000 | $2,185 | 2.99% |
| Vietnamese | 1 | $85,000 | $85,000 | $0 | 2.70% |
Approval Rates
Total approvals of all applications80.62%
Oneaz Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination64.25%
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 | 2,443 | $491,545,000 | $201,205 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,443 | $491,545,000 | $201,205 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 513 | $71,005,000 | $138,411 | $2,214 | 2.91% |
| 40-60% | 486 | $112,960,000 | $232,428 | $2,447 | 2.89% |
| 60-80% | 562 | $193,590,000 | $344,466 | $3,286 | 3.05% |
| 80-100% | 199 | $69,725,000 | $350,377 | $4,292 | 2.86% |
| Under 20% | 683 | $44,265,000 | $64,810 | $773 | 3.26% |
