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

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Miami, Port St. Lucie, Sebastian, Orlando, and Tampa among others. Group One Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Group One Mortgage is typically an average fee lendor.


Originations

914

Origination Dollar Volume (All Markets)

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

Relative Rate

Group One Mortgage 's average 30 year fixed rate mortgage of loans were 2.96%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.19%.

Relative Fees

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

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
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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average 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 the 2021 period, Group One Mortgage 's most frequently originated loan type of loans were Conventional, with 805 originations. Their 2nd most popular type is FHA, with 71 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Group One Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 488 originations. The 2nd most popular reason of loans were 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 the 2021, Group One Mortgage 's most frequently cited loan length of loans were 30 Year, with 793 originations. The 2nd most popular length of loans were 15 Year, with 78 originations.

Origination Fees

Origination Fee 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 30 $8,730,000 $291,000
$5k+ 7 $4,065,000 $580,714

$5,282 of loans were Group One Mortgage 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 2.96%, while their most frequently originated rate bucket of loans were 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
96.64%

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
73.36%

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%