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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 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 Key West among others. We have data for 22 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.


    Originations

    1,426

    Origination Dollar Volume (All Markets)

    $391,080,000
    Show all (8) 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
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 889 $256,425,000 $288,442 $4,965 3.06%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 354 $88,240,000 $249,266 $5,090 3.00%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 92 $21,420,000 $232,826 $4,565 2.93%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 22 $6,540,000 $297,273 $4,771 2.84%
    Key West, FL (FHA|USDA|VA) 9 $3,545,000 $393,889 $5,725 3.18%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 11 $2,665,000 $242,273 $5,478 2.94%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 10 $2,590,000 $259,000 $4,344 2.89%
    JACKSONVILLE, FL (FHA|USDA|VA) 6 $2,150,000 $358,333 $4,868 2.94%
    OCALA, FL (FHA|USDA|VA) 6 $1,140,000 $190,000 $6,044 2.96%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,090,000 $272,500 $3,973 2.66%
    TALLAHASSEE, FL (FHA|USDA|VA) 3 $825,000 $275,000 $5,647 3.17%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $730,000 $182,500 $4,676 2.75%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $520,000 $260,000 $5,206 2.63%
    Clewiston, FL (FHA|USDA|VA) 2 $460,000 $230,000 $4,151 3.25%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $450,000 $225,000 $4,448 3.19%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $445,000 $148,333 $4,121 3.08%
    Outside of Metro Areas 1 $445,000 $445,000 $4,178 3.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $350,000 $175,000 $3,899 2.88%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $315,000 $315,000 $7,148 2.88%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,613 2.63%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,744 3.38%
    Okeechobee, FL (FHA|USDA|VA) 1 $225,000 $225,000 $4,736 4.13%
    Group One Mortgage's top markets include Miami, Port St. Lucie, Sebastian, Orlando, and Key West 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: 304
    We Florida Financial
    Similarity Rank: 638
    POWER FINANCIAL
    Similarity Rank: 870
    HARBORONE MORTGAGE, LLC
    Similarity Rank: 935
    THE MONEY HOUSE INC.
    Similarity Rank: 946
    Credence Funding Corporation
    Similarity Rank: 1080
    Citizens First Bank
    Similarity Rank: 1752
    Florida Home Trust Mortgage, Inc.
    Similarity Rank: 2127
    JET HOMELOANS, LLC
    Similarity Rank: 2480
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 2574

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,228 $334,090,000 $272,060 $4,422 3.04%
    FHA 125 $31,285,000 $250,280 $8,922 3.00%
    VA 72 $25,460,000 $353,611 $7,401 2.79%
    USDA 1 $245,000 $245,000 $6,015 3.63%

    For 2020, Group One Mortgage's most frequently originated type of loan was Conventional, with 1,228 originations. Their 2nd most popular type was FHA, with 125 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 670 $185,080,000 $276,239 $5,898 3.09%
    Refi 540 $148,540,000 $275,074 $4,049 2.92%
    Cash Out Refi 216 $57,460,000 $266,019 $4,382 3.11%

    For 2020, Group One Mortgage's most frequently cited loan purpose was Home Purchase, with 670 originations. The 2nd most popular reason was Refi, with 540 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,212 $339,280,000 $279,934 $5,149 3.08%
    15 Year 158 $37,280,000 $235,949 $3,930 2.63%
    20 Year 39 $10,405,000 $266,795 $4,061 3.10%
    Other 10 $2,760,000 $276,000 $4,291 3.20%
    10 Year 7 $1,355,000 $193,571 $3,185 2.30%

    For 2020, Group One Mortgage's most frequently cited loan duration was 30 Year, with 1,212 originations. The 2nd most popular length was 15 Year, with 158 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,185 $320,365,000 $270,350
    $<1k 106 $31,220,000 $294,528
    $2k-3k 84 $23,140,000 $275,476
    $3k-4k 26 $7,210,000 $277,308
    $4k-5k 15 $4,945,000 $329,667
    $5k+ 10 $4,200,000 $420,000

    Group One Mortgage's average total fees were $5,149, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,185 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 660 $182,980,000 $277,242
    3-4% 555 $153,855,000 $277,216
    <2.5% 176 $46,620,000 $264,886
    4-5% 31 $6,855,000 $221,129
    5-6% 4 $770,000 $192,500

    During 2020, Group One Mortgage's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 2.5-3%, with 660 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 833 $240,375,000 $288,565 $5,274 3.02%
    $100k-200k 351 $54,955,000 $156,567 $3,920 3.03%
    $400k-600k 193 $88,615,000 $459,145 $5,722 3.01%
    $100,000 or less 46 $3,490,000 $75,870 $3,520 3.18%
    $600k-1MM 2 $1,790,000 $895,000 $18,508 2.88%
    $1MM+ 1 $1,855,000 $1,855,000 $12,306 2.75%

    2020 saw Group One Mortgage place emphasis on $200k-400k loans with 833 originations, totaling $240,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 352 $106,560,000 $302,727 $5,048 3.03%
    $75k-100k 296 $78,000,000 $263,514 $5,131 3.09%
    $50k-75k 279 $59,675,000 $213,889 $5,023 3.00%
    $150k-250k 243 $82,695,000 $340,309 $4,962 3.05%
    $50k or less 170 $32,160,000 $189,176 $4,356 2.91%
    $250k+ 85 $31,825,000 $374,412 $5,167 3.09%

    Group One Mortgage lent most frequently to those with incomes in the $100k-150k range, with 352 originations. The second most popular income band? $75k-100k, with 296 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 312 $88,790,000 $284,583 $4,549 3.02%
    30-36% 226 $63,600,000 $281,416 $4,788 3.00%
    44% 79 $21,065,000 $266,646 $5,253 3.15%
    <20% 70 $17,830,000 $254,714 $4,063 2.93%
    42% 69 $18,505,000 $268,188 $5,373 3.00%
    37% 64 $16,120,000 $251,875 $5,070 3.09%
    49% 59 $16,635,000 $281,949 $5,452 2.97%
    38% 58 $14,320,000 $246,897 $5,166 3.01%
    40% 56 $15,170,000 $270,893 $5,513 3.17%
    43% 54 $15,750,000 $291,667 $4,821 3.11%
    46% 53 $14,465,000 $272,925 $5,750 3.08%
    39% 51 $13,585,000 $266,373 $5,230 3.10%
    41% 50 $13,840,000 $276,800 $5,204 3.16%
    48% 45 $11,975,000 $266,111 $5,743 3.02%
    45% 45 $12,865,000 $285,889 $4,787 3.08%
    36% 43 $10,785,000 $250,814 $4,525 3.17%
    47% 35 $8,275,000 $236,429 $4,522 2.84%
    50-60% 23 $6,705,000 $291,522 $8,783 2.73%

    Group One Mortgage lent most frequently to those with DTI ratios of 20-30%, with 312 originations. The next most common DTI ratio? 30-36%, with 226 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,227 $338,125,000 $275,570 $4,888 3.03%
    Not provided 119 $32,745,000 $275,168 $5,062 3.00%
    Black 47 $11,295,000 $240,319 $6,109 3.16%
    Asian 27 $7,365,000 $272,778 $6,216 3.00%
    American Indian 3 $955,000 $318,333 $5,257 3.17%
    Other Asian 2 $400,000 $200,000 $4,728 2.88%
    Native Hawaiian or Islander 1 $195,000 $195,000 $4,282 3.13%

    Approval Rates

    Total approvals of all applications
    96.77%

    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
    77.07%

    Group One Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,426 $391,080,000 $274,250

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $570,000 $142,500
    Single Family (1-4 Units):Site-Built 1,422 $390,510,000 $274,620

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 67 $13,825,000 $206,343 $3,825 2.76%
    40-60% 189 $45,655,000 $241,561 $3,826 2.89%
    60-80% 580 $162,550,000 $280,259 $4,327 3.07%
    80-100% 568 $162,710,000 $286,461 $5,974 3.07%
    Over 100% 18 $5,960,000 $331,111 $10,612 3.01%
    Under 20% 4 $380,000 $95,000 $2,927 2.59%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    GRIFFIN FUNDING, INC. Other type of mortgage Closing on a mortgage 1 100.0%