Group One Mortgage Rates, Fees & Info

PALM BEACH GARDENS, FL

LEI: 549300I43XQ9YFW0LV16

Tax ID: 20-0344180

5 stars - out of 5 stars, based on 30 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Group One Mortgage is a smaller mortgage company specializing in Home Purchase and Refi loans. Group One Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Miami, Port St. Lucie, Sebastian, Orlando, and Tampa among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Group One Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Group One Mortgage 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 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
    30 Year Conventional Purchase 6.86% 11/26/22
    30 Year Conventional Refi 6.76% 11/26/22
    30 Year Cash-out Refi 6.91% 11/26/22
    30 Year FHA Purchase 7.55% 11/26/22
    30 Year FHA Refi 7.03% 11/26/22
    30 Year VA Purchase 6.54% 11/26/22
    30 Year VA Refi 6.25% 11/26/22
    30 Year USDA Refi 6.21% 11/26/22
    15 Year Conventional Purchase 6.19% 11/26/22
    15 Year Conventional Refi 6.20% 11/26/22
    15 Year Cash-out Refi 6.20% 11/26/22
    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.


    Originations

    914

    Origination Dollar Volume (All Markets)

    $253,170,000
    Show all (6) awards

    Relative Rate

    Group One Mortgage's average 30 year fixed mortgage rate was 2.96%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.19%.

    Relative Fees (Closing Costs)

    Group One Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $5,282.

    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
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 568 $165,200,000 $290,845 $5,070 2.91%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 239 $56,905,000 $238,096 $4,984 2.87%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 43 $11,465,000 $266,628 $5,299 3.01%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $4,060,000 $338,333 $5,857 3.05%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $3,645,000 $405,000 $7,556 2.97%
    Key West, FL (FHA|USDA|VA) 6 $2,380,000 $396,667 $4,587 3.08%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 9 $1,915,000 $212,778 $4,893 2.94%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,275,000 $425,000 $5,512 2.92%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $945,000 $315,000 $6,753 2.96%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $925,000 $308,333 $4,620 3.08%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $785,000 $261,667 $6,547 2.54%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $745,000 $248,333 $4,722 2.96%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $580,000 $290,000 $9,275 2.75%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $500,000 $250,000 $6,972 3.44%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $470,000 $235,000 $3,878 3.19%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $340,000 $170,000 $5,137 2.81%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,391 2.88%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $225,000 $225,000 $2,215 2.88%
    OCALA, FL (FHA|USDA|VA) 1 $215,000 $215,000 $4,001 3.88%
    Okeechobee, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,390 2.88%
    Outside of Metro Areas 1 $165,000 $165,000 $7,776 2.63%
    Group One Mortgage's top markets include Miami, Port St. Lucie, Sebastian, Orlando, and Tampa among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against GROUP ONE MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    POWER FINANCIAL
    Similarity Rank: 768
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 1272
    HARBORONE MORTGAGE, LLC
    Similarity Rank: 1280
    Citizens First Bank
    Similarity Rank: 1696
    We Florida Financial
    Similarity Rank: 1770
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 2134
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 2205
    PARK SQUARE HOME MORTGAGE, LLC
    Similarity Rank: 2496
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 3054

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 805 $222,165,000 $275,981 $4,553 2.93%
    FHA 71 $17,695,000 $249,225 $8,929 2.80%
    VA 37 $13,055,000 $352,838 $9,669 2.69%
    USDA 1 $255,000 $255,000 $7,607 2.25%

    For 2021, Group One Mortgage's most frequently originated type of loan was Conventional, with 805 originations. Their 2nd most popular type was FHA, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 488 $139,960,000 $286,803 $5,873 2.93%
    Refi 277 $72,155,000 $260,487 $4,031 2.81%
    Cash Out Refi 149 $41,055,000 $275,537 $4,577 3.02%

    For 2021, Group One Mortgage's most frequently cited loan purpose was Home Purchase, with 488 originations. The 2nd most popular reason was Refi, with 277 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 793 $225,265,000 $284,067 $5,282 2.96%
    15 Year 78 $16,770,000 $215,000 $3,825 2.45%
    20 Year 31 $8,315,000 $268,226 $4,418 2.83%
    Other 8 $2,290,000 $286,250 $3,757 2.84%
    10 Year 3 $525,000 $175,000 $3,403 2.29%
    5 Year 1 $5,000 $5,000 $0 0.00%

    For 2021, Group One Mortgage's most frequently cited loan duration was 30 Year, with 793 originations. The 2nd most popular length was 15 Year, with 78 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 753 $207,355,000 $275,372
    $2k-3k 65 $18,075,000 $278,077
    $<1k 59 $14,945,000 $253,305
    $3k-4k 20 $5,150,000 $257,500
    $4k-5k 10 $3,580,000 $358,000
    $5k+ 7 $4,065,000 $580,714

    Group One Mortgage's average total fees were $5,282, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 753 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 516 $147,220,000 $285,310
    3-4% 272 $76,250,000 $280,331
    <2.5% 113 $26,345,000 $233,142
    4-5% 13 $3,355,000 $258,077

    During 2021, Group One Mortgage's average interest rate for loans was 2.96%, while their most frequently originated rate bucket for loans was 2.5-3%, with 516 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 509 $144,325,000 $283,546 $5,221 2.94%
    $100k-200k 213 $33,555,000 $157,535 $4,055 2.92%
    $400k-600k 141 $65,885,000 $467,270 $6,541 2.93%
    $100,000 or less 43 $2,845,000 $66,163 $3,024 2.42%
    $600k-1MM 7 $5,555,000 $793,571 $10,354 3.09%
    $1MM+ 1 $1,005,000 $1,005,000 $18,709 3.88%

    2021 saw Group One Mortgage place emphasis on $200k-400k loans with 509 originations, totaling $144,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 207 $45,265,000 $218,671 $4,650 2.92%
    $100k-150k 192 $60,560,000 $315,417 $5,423 2.92%
    $75k-100k 178 $48,530,000 $272,640 $5,493 2.89%
    $150k-250k 157 $54,215,000 $345,318 $5,268 2.94%
    $50k or less 107 $16,445,000 $153,692 $4,162 2.75%
    $250k+ 73 $28,155,000 $385,685 $5,626 3.08%

    Group One Mortgage lent most frequently to those with incomes in the $50k-75k range, with 207 originations. The second most popular income band? $100k-150k, with 192 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 164 $48,090,000 $293,232 $4,839 2.86%
    30-36% 152 $40,400,000 $265,789 $4,654 2.93%
    44% 68 $19,360,000 $284,706 $5,950 3.01%
    41% 52 $13,360,000 $256,923 $4,819 2.98%
    <20% 49 $12,665,000 $258,469 $4,399 2.99%
    49% 44 $11,880,000 $270,000 $5,135 2.96%
    43% 44 $11,780,000 $267,727 $4,434 2.96%
    42% 42 $12,290,000 $292,619 $5,561 2.82%
    40% 40 $10,640,000 $266,000 $5,076 2.95%
    45% 39 $10,625,000 $272,436 $4,728 2.97%
    46% 38 $11,160,000 $293,684 $6,126 3.02%
    39% 35 $9,365,000 $267,571 $4,736 2.94%
    36% 29 $8,195,000 $282,586 $5,410 2.66%
    37% 26 $7,050,000 $271,154 $4,951 2.93%
    47% 25 $7,095,000 $283,800 $5,936 2.92%
    38% 23 $7,025,000 $305,435 $5,243 2.78%
    48% 16 $4,750,000 $296,875 $5,706 2.88%
    50-60% 15 $4,575,000 $305,000 $10,730 2.94%
    >60% 3 $935,000 $311,667 $4,573 2.96%

    Group One Mortgage lent most frequently to those with DTI ratios of 20-30%, with 164 originations. The next most common DTI ratio? 30-36%, with 152 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 790 $221,410,000 $280,266 $5,060 2.91%
    Not provided 79 $20,365,000 $257,785 $5,404 2.85%
    Black 29 $7,185,000 $247,759 $5,365 2.99%
    Asian 10 $2,580,000 $258,000 $4,827 3.00%
    American Indian 4 $990,000 $247,500 $5,794 3.16%
    Asian Indian 2 $640,000 $320,000 $6,659 2.75%

    Approval Rates

    Total approvals of all applications
    97.46%

    Group One Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    75.27%

    Group One Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 914 $253,170,000 $276,991

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    914 $253,170,000 $276,991

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $8,915,000 $168,208 $3,602 2.64%
    40-60% 171 $43,375,000 $253,655 $4,079 2.84%
    60-80% 351 $103,995,000 $296,282 $4,693 3.02%
    80-100% 319 $93,455,000 $292,962 $6,254 2.94%
    Over 100% 8 $2,770,000 $346,250 $14,472 2.80%
    Under 20% 12 $660,000 $55,000 $1,506 1.18%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    GRIFFIN FUNDING, INC. Other type of mortgage Closing on a mortgage 1 50.0%
    GRIFFIN FUNDING, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%