The One Mortgage Rates, Fees & Info

Meadville, PA

LEI: 549300HTK2JOGRTAIO10

Tax ID: 25-1005441

1.7 stars - Updated: 3/17/24 - out of 5 stars, based on 9 reviews

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

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Mortgage Data

Review & Overview

The One is a smaller mortgage company specializing in Refi and Home Improvement loans. The One has a high proportion of conventional loans. Their top markets by origination volume include: Meadville, Youngstown, Sunbury, Pittsburgh, and Oil City among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

The One 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. The One 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 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 7.32% 3/17/24
30 Year Conventional Purchase 7.66% 3/17/24
30 Year Cash-out Refi 6.27% 3/17/24
15 Year Conventional Purchase 5.68% 3/17/24
15 Year Conventional Refi 6.92% 3/17/24
15 Year Cash-out Refi 6.92% 3/17/24
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.

The One Mortgage Calculator






Your Estimates

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

This is not an official calculator from The One. 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

75

Origination Dollar Volume (All Markets)

$4,485,000

Relative Rate

The One's average 30 year fixed mortgage rate was 6.63%.

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

This yields a difference of 1.87%.

Relative Fees (Closing Costs)

The One's average total fees/closing costs for a 30 year fixed rate mortgage were $4,200.

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
Meadville, PA (FHA|USDA|VA) 69 $3,885,000 $56,304 $607 3.45%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 3 $335,000 $111,667 $633 3.59%
Sunbury, PA (FHA|USDA|VA) 1 $155,000 $155,000 $233 4.50%
PITTSBURGH, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 1.75%
Oil City, PA (FHA|USDA|VA) 1 $25,000 $25,000 $233 5.38%
The One's top markets include Meadville, Youngstown, Sunbury, Pittsburgh, and Oil City among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 43 $1,985,000 $46,163 n/a 1.96%
    Conventional 32 $2,500,000 $78,125 $583 5.51%

    For 2022, The One's most frequently originated type of loan was HELOC, with 43 originations. Their 2nd most popular type was Conventional, with 32 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 37 $2,535,000 $68,514 $502 3.74%
    Home Improvement 24 $1,040,000 $43,333 $333 2.77%
    Other 8 $390,000 $48,750 $317 3.12%
    Home Purchase 3 $235,000 $78,333 $4,200 4.83%
    Cash Out Refi 3 $285,000 $95,000 $433 5.44%

    For 2022, The One's most frequently cited loan purpose was Refi, with 37 originations. The 2nd most popular reason was Home Improvement, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 69 $4,215,000 $61,087 $507 3.27%
    Other 4 $170,000 $42,500 $155 5.50%
    10 Year 1 $25,000 $25,000 $233 6.30%
    30 Year 1 $75,000 $75,000 $4,200 6.63%

    For 2022, The One's most frequently cited loan duration was 15 Year, with 69 originations. The 2nd most popular length was Other, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 30 $2,370,000 $79,000
    $1k-2k 1 $75,000 $75,000

    The One's average total fees were $4,200, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 30 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 38 $1,700,000 $44,737
    5-6% 12 $630,000 $52,500
    4-5% 8 $860,000 $107,500
    6-7% 6 $350,000 $58,333
    3-4% 4 $330,000 $82,500
    2.5-3% 3 $255,000 $85,000
    7-8% 3 $295,000 $98,333
    Over 8% 1 $65,000 $65,000

    During 2022, The One's average interest rate for loans was 6.63%, while their most frequently originated rate bucket for loans was <2.5%, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 62 $2,750,000 $44,355 $587 3.51%
    $100k-200k 12 $1,520,000 $126,667 $553 3.00%
    $200k-400k 1 $215,000 $215,000 $633 7.26%

    2022 saw The One place emphasis on $100,000 or less loans with 62 originations, totaling $2,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $1,305,000 $62,143 $554 3.53%
    $50k or less 19 $725,000 $38,158 $333 3.37%
    $50k-75k 16 $1,000,000 $62,500 $500 3.44%
    $75k-100k 13 $1,015,000 $78,077 $1,018 3.52%
    $150k-250k 2 $150,000 $75,000 $633 2.74%

    The One lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $50k or less, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 26 $1,390,000 $53,462 $848 3.66%
    50-60% 9 $305,000 $33,889 $500 3.44%
    30-36% 7 $415,000 $59,286 $375 4.16%
    >60% 6 $390,000 $65,000 $366 3.55%
    <20% 3 $215,000 $71,667 $396 4.24%
    48% 3 $275,000 $91,667 $633 2.32%
    39% 2 $130,000 $65,000 $0 1.75%
    42% 2 $130,000 $65,000 $633 2.98%
    44% 2 $290,000 $145,000 $633 3.13%
    45% 2 $100,000 $50,000 $0 1.75%
    47% 2 $60,000 $30,000 $233 3.52%
    36% 2 $100,000 $50,000 $633 3.35%
    40% 1 $45,000 $45,000 $233 5.35%
    49% 1 $45,000 $45,000 $0 1.75%
    46% 1 $25,000 $25,000 $0 1.75%
    38% 1 $125,000 $125,000 $0 1.75%

    The One lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? 50-60%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 56 $3,570,000 $63,750 $591 3.70%
    Not provided 15 $555,000 $37,000 $500 2.61%
    Not applicable 4 $360,000 $90,000 $633 3.52%

    Approval Rates

    Total approvals of all applications
    88.57%

    The One has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.67%

    The One has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 75 $4,485,000 $59,800

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    75 $4,485,000 $59,800

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $480,000 $80,000 $633 3.21%
    40-60% 11 $1,025,000 $93,182 $633 3.63%
    60-80% 8 $800,000 $100,000 $621 4.27%
    80-100% 6 $730,000 $121,667 $1,266 5.13%
    Over 100% 1 $105,000 $105,000 $0 2.75%
    Under 20% 3 $65,000 $21,667 $0 1.75%