Oneaz Credit Union Mortgage Rates, Fees & Info

PHOENIX, AZ

LEI: 549300EWL25M8JXH2R78

Tax ID: 86-0108770

5 stars - Updated: 12/9/24 - out of 5 stars, based on 40 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Oneaz Credit Union is a smaller credit union specializing in Home Purchase loans. Oneaz Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Prescott Valley, Flagstaff, Tucson, and Safford among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

Oneaz Credit Union has a below 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 an average 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.

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% 12/9/24
30 Year Conventional Purchase 6.12% 12/9/24
30 Year Conventional Refi 6.28% 12/9/24
30 Year Cash-out Refi 6.45% 12/9/24
15 Year Conventional Purchase 5.73% 12/9/24
15 Year Conventional Refi 6.17% 12/9/24
15 Year Cash-out Refi 6.17% 12/9/24
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.

Oneaz Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Oneaz Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,578

Origination Dollar Volume (All Markets)

$329,810,000
Show all (10) awards

Relative Rate

Oneaz Credit Union's average 30 year fixed mortgage rate was 6.17%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.31%.

Relative Fees (Closing Costs)

Oneaz Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $6,064.

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
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 768 $188,370,000 $245,273 $4,985 6.97%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 372 $59,370,000 $159,597 $3,098 7.06%
FLAGSTAFF, AZ (FHA|USDA|VA) 168 $33,040,000 $196,667 $4,108 6.93%
TUCSON, AZ (FHA|USDA|VA) 147 $27,345,000 $186,020 $4,822 6.86%
Safford, AZ (FHA|USDA|VA) 80 $11,510,000 $143,875 $4,248 6.68%
Payson, AZ (FHA|USDA|VA) 7 $2,815,000 $402,143 $4,652 6.53%
Show Low, AZ (FHA|USDA|VA) 15 $2,435,000 $162,333 $4,346 7.37%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 8 $1,950,000 $243,750 $4,631 6.38%
Outside of Metro Areas 4 $1,190,000 $297,500 $12,030 7.72%
Nogales, AZ (FHA|USDA|VA) 4 $650,000 $162,500 $5,299 6.53%
YUMA, AZ (FHA|USDA|VA) 2 $630,000 $315,000 $4,128 5.31%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $505,000 $168,333 $3,845 6.50%
Oneaz Credit Union's top markets include Phoenix, Prescott Valley, Flagstaff, Tucson, and Safford among others.

Their top states include:
  • Arizona (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.

    PIMA Federal Credit Union
    Similarity Rank: 110
    CREDIT UNION WEST
    Similarity Rank: 814
    NEST HOME LENDING, LLC
    Similarity Rank: 871
    TruHome Solutions, LLC
    Similarity Rank: 962
    Canyon State Credit Union
    Similarity Rank: 1020
    ARIZONA CENTRAL
    Similarity Rank: 1166
    Bank of Colorado
    Similarity Rank: 1196
    Bankers Trust Company
    Similarity Rank: 1296
    OneAZ Credit Union
    Similarity Rank: 1548
    FISHER FINANCIAL GROUP, INCORPORATED
    Similarity Rank: 1560

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 903 $95,805,000 $106,096 n/a 7.15%
    Conventional 675 $234,005,000 $346,674 $4,438 6.69%

    For 2023, Oneaz Credit Union's most frequently originated type of loan was HELOC, with 903 originations. Their 2nd most popular type was Conventional, with 675 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 584 $59,390,000 $101,695 $256 7.23%
    Home Purchase 413 $184,715,000 $447,252 $6,547 6.19%
    Other 407 $36,575,000 $89,865 $239 7.59%
    Cash Out Refi 115 $31,935,000 $277,696 $3,478 6.43%
    Refi 59 $17,195,000 $291,441 $4,089 6.23%

    For 2023, Oneaz Credit Union's most frequently cited loan purpose was Home Improvement, with 584 originations. The 2nd most popular reason was Home Purchase, with 413 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 902 $95,560,000 $105,942 $0 7.15%
    30 Year 460 $198,910,000 $432,413 $6,064 6.17%
    15 Year 112 $15,010,000 $134,018 $1,204 7.78%
    10 Year 60 $16,060,000 $267,667 $264 8.08%
    5 Year 24 $730,000 $30,417 $231 8.35%
    20 Year 19 $3,295,000 $173,421 $3,847 6.51%
    1 Year 1 $245,000 $245,000 $0 9.82%

    For 2023, Oneaz Credit Union's most frequently cited loan duration was Other, with 902 originations. The 2nd most popular length was 30 Year, with 460 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 415 $123,715,000 $298,108
    $1k-2k 75 $19,595,000 $261,267
    $5k+ 52 $33,130,000 $637,115
    $3k-4k 30 $12,080,000 $402,667
    $2k-3k 28 $10,520,000 $375,714
    $4k-5k 15 $7,915,000 $527,667

    Oneaz Credit Union's average total fees were $6,064, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 415 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 462 $120,420,000 $260,649
    7-8% 447 $65,195,000 $145,850
    Over 8% 303 $24,915,000 $82,228
    5-6% 263 $88,625,000 $336,977
    4-5% 92 $28,790,000 $312,935
    3-4% 9 $1,735,000 $192,778
    <2.5% 1 $75,000 $75,000
    2.5-3% 1 $55,000 $55,000

    During 2023, Oneaz Credit Union's average interest rate for loans was 6.17%, while their most frequently originated rate bucket for loans was 6-7%, with 462 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 594 $32,640,000 $54,949 $597 7.49%
    $100k-200k 425 $55,225,000 $129,941 $2,605 7.00%
    $200k-400k 342 $91,320,000 $267,018 $5,079 6.51%
    $400k-600k 107 $50,955,000 $476,215 $6,498 6.17%
    $600k-1MM 85 $62,325,000 $733,235 $7,919 6.02%
    $1MM+ 25 $37,345,000 $1,493,800 $12,888 6.05%

    2023 saw Oneaz Credit Union place emphasis on $100,000 or less loans with 594 originations, totaling $32,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 432 $77,650,000 $179,745 $4,089 7.00%
    $150k-250k 390 $97,560,000 $250,154 $5,473 6.91%
    $75k-100k 262 $32,350,000 $123,473 $3,062 7.12%
    $50k-75k 222 $25,950,000 $116,892 $3,042 7.00%
    $250k+ 148 $73,890,000 $499,257 $7,363 6.57%
    $50k or less 110 $8,370,000 $76,091 $2,851 6.98%

    Oneaz Credit Union lent most frequently to those with incomes in the $100k-150k range, with 432 originations. The second most popular income band? $150k-250k, with 390 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 340 $70,110,000 $206,206 $4,191 6.95%
    20-30% 322 $56,600,000 $175,776 $3,747 7.03%
    41% 110 $16,410,000 $149,182 $3,716 7.13%
    39% 101 $20,485,000 $202,822 $4,929 7.07%
    38% 97 $18,285,000 $188,505 $3,858 7.19%
    40% 92 $13,450,000 $146,196 $3,834 7.07%
    <20% 89 $15,495,000 $174,101 $3,404 6.65%
    42% 87 $12,485,000 $143,506 $2,846 7.19%
    36% 87 $17,115,000 $196,724 $4,533 7.04%
    37% 72 $12,260,000 $170,278 $4,396 6.89%
    43% 40 $13,440,000 $336,000 $5,221 6.63%
    44% 40 $13,330,000 $333,250 $5,490 6.44%
    45% 27 $7,975,000 $295,370 $4,757 6.63%
    48% 17 $7,045,000 $414,412 $8,254 6.07%
    49% 15 $7,145,000 $476,333 $7,562 6.41%
    46% 14 $5,400,000 $385,714 $5,816 6.34%
    47% 9 $2,925,000 $325,000 $6,153 6.71%
    50-60% 5 $2,125,000 $425,000 $7,575 6.23%
    >60% 1 $3,775,000 $3,775,000 $46,493 4.88%

    Oneaz Credit Union lent most frequently to those with DTI ratios of 30-36%, with 340 originations. The next most common DTI ratio? 20-30%, with 322 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,222 $196,680,000 $160,949 $3,587 7.07%
    Not provided 246 $88,900,000 $361,382 $5,855 6.54%
    Asian 55 $22,325,000 $405,909 $6,916 6.28%
    Not applicable 13 $13,955,000 $1,073,462 $0 6.83%
    Black 19 $4,015,000 $211,316 $6,005 7.01%
    American Indian 17 $3,355,000 $197,353 $5,834 6.88%
    Asian Indian 2 $340,000 $170,000 $0 8.13%
    Native Hawaiian or Islander 2 $150,000 $75,000 $0 6.75%
    Filipino 1 $55,000 $55,000 $0 7.75%
    Other Asian 1 $35,000 $35,000 $403 9.75%

    Approval Rates

    Total approvals of all applications
    67.18%

    Oneaz Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    54.06%

    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 1,578 $329,810,000 $209,005

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,578 $329,810,000 $209,005

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 366 $53,150,000 $145,219 $2,225 7.08%
    40-60% 108 $29,030,000 $268,796 $3,811 6.61%
    60-80% 184 $85,860,000 $466,630 $6,110 6.21%
    80-100% 209 $104,125,000 $498,206 $6,938 6.10%
    Over 100% 1 $2,655,000 $2,655,000 $0 6.31%
    Under 20% 710 $54,990,000 $77,451 $449 7.39%