Group One Mortgage Rates, Fees & Info

PALM BEACH GARDENS, FL

LEI: 549300I43XQ9YFW0LV16

Tax ID: 20-0344180

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

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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

    Group One Mortgage is a smaller mortgage company specializing in Home Purchase 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, Key West, and Orlando among others. We have data for 14 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.

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    Originations

    768

    Origination Dollar Volume (All Markets)

    $190,890,000

    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) 459 $121,405,000 $264,499 $5,793 4.20%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 217 $47,055,000 $216,843 $5,944 4.26%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 38 $8,120,000 $213,684 $5,736 4.21%
    Key West, FL (FHA|USDA|VA) 16 $6,330,000 $395,625 $7,707 4.10%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 9 $1,895,000 $210,556 $4,551 4.63%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 7 $1,805,000 $257,857 $5,271 4.14%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 8 $1,390,000 $173,750 $5,804 4.55%
    Okeechobee, FL (FHA|USDA|VA) 5 $805,000 $161,000 $5,590 4.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $630,000 $315,000 $3,889 4.00%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $470,000 $235,000 $6,088 3.69%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $320,000 $160,000 $7,370 3.94%
    OCALA, FL (FHA|USDA|VA) 1 $305,000 $305,000 $6,431 4.38%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $235,000 $235,000 $8,326 3.50%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $125,000 $125,000 $4,211 3.75%
    Group One Mortgage's top markets include Miami, Port St. Lucie, Sebastian, Key West, and Orlando 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.

    POWER FINANCIAL
    Similarity Rank: 188
    McCoy Federal Credit Union
    Similarity Rank: 342
    We Florida Financial
    Similarity Rank: 572
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 755
    ADDITION FINANCIAL
    Similarity Rank: 910
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 940
    Citizens First Bank
    Similarity Rank: 1072
    BANKING MORTGAGE SERVICES, B.M.S. CORP.
    Similarity Rank: 1230
    CROSSFIRE FINANCIAL NETWORK, INC.
    Similarity Rank: 1440
    Malvern Bank N.A.
    Similarity Rank: 1548

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 580 $145,300,000 $250,517 $4,952 4.25%
    FHA 137 $31,585,000 $230,547 $8,595 4.15%
    VA 50 $13,830,000 $276,600 $8,783 4.08%
    USDA 1 $175,000 $175,000 $5,780 4.50%

    For 2019, Group One Mortgage's most frequently originated type of loan was Conventional, with 580 originations. Their 2nd most popular type was FHA, with 137 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 615 $152,655,000 $248,220 $6,048 4.25%
    Cash Out Refi 77 $18,335,000 $238,117 $5,529 4.28%
    Refi 76 $19,900,000 $261,842 $4,626 3.88%

    For 2019, Group One Mortgage's most frequently cited loan purpose was Home Purchase, with 615 originations. The 2nd most popular reason was Cash Out Refi, with 77 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 721 $180,125,000 $249,827 $5,940 4.25%
    15 Year 27 $6,015,000 $222,778 $4,686 3.66%
    20 Year 13 $3,105,000 $238,846 $4,456 3.80%
    Other 5 $885,000 $177,000 $3,611 4.23%
    10 Year 2 $760,000 $380,000 $5,540 3.38%

    For 2019, Group One Mortgage's most frequently cited loan duration was 30 Year, with 721 originations. The 2nd most popular length was 15 Year, with 27 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 591 $142,995,000 $241,954
    $2k-3k 82 $20,220,000 $246,585
    $<1k 38 $10,450,000 $275,000
    $3k-4k 31 $9,245,000 $298,226
    $5k+ 13 $4,355,000 $335,000
    $4k-5k 12 $3,620,000 $301,667

    Group One Mortgage's average total fees were $5,940, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 591 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 378 $89,350,000 $236,376
    3-4% 334 $90,500,000 $270,958
    5-6% 49 $9,925,000 $202,551
    <2.5% 3 $35,000 $11,667
    2.5-3% 3 $955,000 $318,333
    6-7% 1 $125,000 $125,000

    During 2019, Group One Mortgage's average interest rate for loans was 4.25%, while their most frequently originated rate bucket for loans was 4-5%, with 378 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 414 $116,090,000 $280,411 $6,407 4.20%
    $100k-200k 232 $35,790,000 $154,267 $4,777 4.31%
    $400k-600k 80 $36,010,000 $450,125 $7,223 4.04%
    $100,000 or less 42 $3,000,000 $71,429 $3,645 4.23%

    2019 saw Group One Mortgage place emphasis on $200k-400k loans with 414 originations, totaling $116,090,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 211 $43,025,000 $203,910 $5,431 4.24%
    $75k-100k 157 $38,855,000 $247,484 $6,146 4.21%
    $100k-150k 154 $44,130,000 $286,558 $6,155 4.22%
    $150k-250k 108 $35,440,000 $328,148 $6,386 4.16%
    $50k or less 94 $13,430,000 $142,872 $5,103 4.25%
    $250k+ 44 $16,010,000 $363,864 $6,088 4.24%

    Group One Mortgage lent most frequently to those with incomes in the $50k-75k range, with 211 originations. The second most popular income band? $75k-100k, with 157 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 127 $32,015,000 $252,087 $5,353 4.19%
    30-36% 122 $30,260,000 $248,033 $5,228 4.17%
    43% 45 $11,775,000 $261,667 $5,589 4.16%
    41% 41 $10,685,000 $260,610 $5,827 4.41%
    44% 40 $9,950,000 $248,750 $5,861 4.13%
    38% 36 $8,360,000 $232,222 $5,572 4.05%
    50-60% 34 $8,660,000 $254,706 $8,934 4.13%
    49% 33 $7,215,000 $218,636 $5,411 4.32%
    46% 33 $9,045,000 $274,091 $6,482 4.25%
    47% 31 $6,885,000 $222,097 $5,322 4.28%
    48% 30 $7,890,000 $263,000 $6,560 4.20%
    45% 29 $6,605,000 $227,759 $5,794 4.45%
    39% 29 $7,555,000 $260,517 $6,359 4.05%
    <20% 29 $7,115,000 $245,345 $5,969 4.30%
    36% 29 $6,885,000 $237,414 $5,741 4.30%
    40% 27 $7,635,000 $282,778 $7,011 4.17%
    37% 24 $6,370,000 $265,417 $6,606 4.38%
    42% 23 $4,935,000 $214,565 $5,524 4.31%
    >60% 2 $410,000 $205,000 $6,283 4.63%

    Group One Mortgage lent most frequently to those with DTI ratios of 20-30%, with 127 originations. The next most common DTI ratio? 30-36%, with 122 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 687 $172,675,000 $251,346 $5,815 4.20%
    Black 44 $10,340,000 $235,000 $6,836 4.40%
    Not provided 26 $5,560,000 $213,846 $5,458 4.17%
    Asian 10 $2,110,000 $211,000 $5,442 4.70%
    Other Asian 1 $205,000 $205,000 $3,935 4.00%

    Approval Rates

    Total approvals of all applications
    96.78%

    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
    69.66%

    Group One Mortgage 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
    150.0 2 $30,000 $15,000
    NA 766 $190,860,000 $249,164

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $880,000 $146,667
    Single Family (1-4 Units):Site-Built 762 $190,010,000 $249,357

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $3,400,000 $170,000 $4,146 3.79%
    40-60% 58 $12,660,000 $218,276 $4,390 4.02%
    60-80% 261 $63,185,000 $242,088 $4,877 4.32%
    80-100% 416 $108,290,000 $260,313 $6,571 4.23%
    Over 100% 11 $3,335,000 $303,182 $13,172 4.05%
    Under 20% 2 $20,000 $10,000 $53 0.00%