Oneaz Credit Union Mortgage Rates, Fees & Info

PHOENIX, AZ

LEI: 549300EWL25M8JXH2R78

Tax ID: 86-0108770

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 Purchase and 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% 4/21/24
    30 Year Conventional Purchase 6.12% 4/21/24
    30 Year Conventional Refi 6.28% 4/21/24
    30 Year Cash-out Refi 6.45% 4/21/24
    15 Year Conventional Purchase 5.73% 4/21/24
    15 Year Conventional Refi 6.17% 4/21/24
    15 Year Cash-out Refi 6.17% 4/21/24
    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

    1,793

    Origination Dollar Volume (All Markets)

    $335,195,000
    Show all (6) awards

    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) 765 $174,215,000 $227,732 $2,786 4.37%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 474 $75,370,000 $159,008 $2,929 4.61%
    TUCSON, AZ (FHA|USDA|VA) 205 $31,945,000 $155,829 $2,984 4.61%
    FLAGSTAFF, AZ (FHA|USDA|VA) 171 $31,365,000 $183,421 $2,611 4.55%
    Safford, AZ (FHA|USDA|VA) 127 $15,965,000 $125,709 $3,071 4.45%
    Show Low, AZ (FHA|USDA|VA) 14 $1,910,000 $136,429 $2,403 4.65%
    Outside of Metro Areas 13 $1,535,000 $118,077 $3,177 4.51%
    Payson, AZ (FHA|USDA|VA) 14 $1,520,000 $108,571 $2,367 4.57%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 4 $540,000 $135,000 $2,735 3.66%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $315,000 $105,000 $3,486 5.04%
    YUMA, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $5,940 4.38%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $85,000 $85,000 $3,027 4.88%
    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)
  • Connecticut (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.

    Deer Valley Credit Union
    Similarity Rank: 820
    ARIZONA
    Similarity Rank: 1296
    PIMA Federal Credit Union
    Similarity Rank: 1344
    BELEM SERVICING LLC
    Similarity Rank: 1598
    First Credit Union
    Similarity Rank: 1639
    Canyon State Credit Union
    Similarity Rank: 1710
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1850
    CREDIT UNION WEST
    Similarity Rank: 1974
    ARIZONA CENTRAL
    Similarity Rank: 2128
    VANTAGE WEST
    Similarity Rank: 2430

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,236 $294,340,000 $238,139 $2,849 4.17%
    HELOC 557 $40,855,000 $73,348 n/a 5.20%

    For 2019, Oneaz Credit Union's most frequently originated type of loan was Conventional, with 1,236 originations. Their 2nd most popular type was HELOC, with 557 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 501 $59,835,000 $119,431 $1,994 4.94%
    Home Purchase 437 $118,075,000 $270,195 $4,128 4.15%
    Home Improvement 330 $23,930,000 $72,515 $1,124 5.17%
    Cash Out Refi 295 $60,545,000 $205,237 $2,502 4.09%
    Refi 230 $72,810,000 $316,565 $2,348 3.68%

    For 2019, Oneaz Credit Union's most frequently cited loan purpose was Other, with 501 originations. The 2nd most popular reason was Home Purchase, with 437 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 821 $199,775,000 $243,331 $3,061 4.15%
    Other 559 $41,575,000 $74,374 $0 5.20%
    15 Year 276 $47,350,000 $171,558 $2,192 3.97%
    20 Year 50 $7,260,000 $145,200 $2,556 4.29%
    10 Year 42 $7,400,000 $176,190 $952 5.20%
    30+ year 24 $14,800,000 $616,667 $8,604 3.67%
    5 Year 20 $16,960,000 $848,000 $263 5.78%
    3 Year 1 $75,000 $75,000 $3,459 5.13%

    For 2019, Oneaz Credit Union's most frequently cited loan duration was 30 Year, with 821 originations. The 2nd most popular length was Other, with 559 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 919 $191,825,000 $208,732
    $1k-2k 191 $41,365,000 $216,571
    $2k-3k 69 $17,855,000 $258,768
    $3k-4k 30 $10,750,000 $358,333
    $4k-5k 9 $4,265,000 $473,889
    $5k+ 9 $6,325,000 $702,778

    Oneaz Credit Union's average total fees were $3,061, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 919 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 636 $145,290,000 $228,443
    4-5% 480 $111,300,000 $231,875
    5-6% 480 $41,060,000 $85,542
    2.5-3% 103 $31,365,000 $304,515
    6-7% 82 $3,570,000 $43,537
    <2.5% 9 $2,545,000 $282,778
    7-8% 3 $65,000 $21,667

    During 2019, Oneaz Credit Union's average interest rate for loans was 4.15%, while their most frequently originated rate bucket for loans was 3-4%, with 636 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 609 $30,225,000 $49,631 $1,430 5.26%
    $100k-200k 566 $81,070,000 $143,233 $2,620 4.25%
    $200k-400k 497 $134,965,000 $271,559 $3,167 4.00%
    $400k-600k 81 $37,975,000 $468,827 $4,227 3.78%
    $600k-1MM 31 $22,315,000 $719,839 $5,282 3.51%
    $1MM+ 9 $28,645,000 $3,182,778 $10,014 3.93%

    2019 saw Oneaz Credit Union place emphasis on $100,000 or less loans with 609 originations, totaling $30,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 397 $76,505,000 $192,708 $2,764 4.47%
    $50k-75k 389 $55,515,000 $142,712 $2,753 4.48%
    $75k-100k 384 $60,790,000 $158,307 $2,793 4.55%
    $50k or less 327 $36,645,000 $112,064 $2,487 4.57%
    $150k-250k 226 $55,640,000 $246,195 $3,370 4.38%
    $250k+ 59 $30,005,000 $508,559 $4,690 4.12%

    Oneaz Credit Union lent most frequently to those with incomes in the $100k-150k range, with 397 originations. The second most popular income band? $50k-75k, with 389 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 441 $77,525,000 $175,794 $2,786 4.44%
    30-36% 374 $64,720,000 $173,048 $2,819 4.43%
    <20% 211 $31,215,000 $147,938 $2,758 4.44%
    42% 84 $13,620,000 $162,143 $2,528 4.79%
    41% 79 $11,625,000 $147,152 $2,625 4.78%
    38% 77 $12,025,000 $156,169 $2,873 4.82%
    40% 72 $11,320,000 $157,222 $2,764 4.71%
    44% 69 $15,185,000 $220,072 $3,290 4.41%
    39% 66 $11,670,000 $176,818 $2,984 4.46%
    37% 62 $12,020,000 $193,871 $2,687 4.13%
    43% 61 $9,115,000 $149,426 $2,546 4.74%
    36% 56 $9,900,000 $176,786 $3,159 4.49%
    49% 33 $9,855,000 $298,636 $3,558 4.12%
    45% 32 $7,640,000 $238,750 $3,050 4.23%
    47% 26 $5,810,000 $223,462 $3,068 4.36%
    48% 20 $4,800,000 $240,000 $3,152 4.06%
    46% 15 $3,655,000 $243,667 $3,177 4.86%
    50-60% 6 $1,540,000 $256,667 $3,989 4.33%
    >60% 2 $2,170,000 $1,085,000 $0 4.66%

    Oneaz Credit Union lent most frequently to those with DTI ratios of 20-30%, with 441 originations. The next most common DTI ratio? 30-36%, with 374 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,420 $236,830,000 $166,782 $2,782 4.50%
    Not provided 288 $64,250,000 $223,090 $3,179 4.41%
    Not applicable 7 $19,785,000 $2,826,429 $0 4.99%
    Asian 37 $7,505,000 $202,838 $2,579 4.33%
    Black 23 $3,885,000 $168,913 $2,416 4.68%
    American Indian 12 $2,090,000 $174,167 $3,289 4.29%
    Asian Indian 1 $305,000 $305,000 $8,602 3.75%
    Native Hawaiian or Islander 3 $275,000 $91,667 $3,144 4.71%
    Other Asian 1 $165,000 $165,000 $3,403 4.38%
    Japanese 1 $105,000 $105,000 $2,054 3.75%

    Approval Rates

    Total approvals of all applications
    77.42%

    Oneaz Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    65.53%

    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 1,793 $335,195,000 $186,946

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $4,305,000 $861,000
    Single Family (1-4 Units):Manufactured 66 $8,040,000 $121,818
    Single Family (1-4 Units):Site-Built 1,722 $322,850,000 $187,485

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 298 $32,850,000 $110,235 $2,227 4.80%
    40-60% 258 $48,880,000 $189,457 $2,524 4.07%
    60-80% 512 $146,350,000 $285,840 $2,979 4.03%
    80-100% 295 $86,355,000 $292,729 $3,890 4.08%
    Under 20% 430 $20,760,000 $48,279 $620 5.34%