Oneaz Credit Union Mortgage Rates, Fees & Info

PHOENIX, AZ

LEI: 549300EWL25M8JXH2R78

Tax ID: 86-0108770

5 stars - out of 5 stars, based on 49 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

2,443

Origination Dollar Volume (All Markets)

$491,545,000
Show all (6) awards

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 applications
80.62%

Oneaz Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
64.25%

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%