Service One Mortgage Rates, Fees & Info

Bowling Green, KY

LEI: 549300J2D35S72FE4K21

Tax ID: 61-6034178

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Service One is a smaller mortgage company specializing in Home Purchase and Refi loans. Service One has a high proportion of conventional loans. Their top markets by origination volume include: Bowling Green, Glasgow, and Owensboro among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Service One has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. 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 5.64% 12/16/24
    30 Year Conventional Refi 5.32% 12/16/24
    30 Year Cash-out Refi 5.91% 12/16/24
    15 Year Conventional Purchase 5.26% 12/16/24
    15 Year Conventional Refi 5.20% 12/16/24
    15 Year Cash-out Refi 5.20% 12/16/24
    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.

    Service One Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Service 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

    82

    Origination Dollar Volume (All Markets)

    $5,970,000

    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
    BOWLING GREEN, KY (FHA|USDA|VA) 65 $5,055,000 $77,769 $0 5.23%
    Glasgow, KY (FHA|USDA|VA) 9 $595,000 $66,111 $0 5.68%
    Outside of Metro Areas 7 $305,000 $43,571 $0 5.41%
    OWENSBORO, KY (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.88%
    Service One's top markets include Bowling Green, Glasgow, and Owensboro among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)

    • Similar Lenders

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

    Bank of Edmonson County
    Similarity Rank: 104
    Abound Federal Credit Union
    Similarity Rank: 135
    Morgantown Bank & Trust Company, Incorporated
    Similarity Rank: 168
    Edmonton State Bank
    Similarity Rank: 168
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 780
    Independence Bank of Kentucky
    Similarity Rank: 945
    EVANSVILLE TEACHERS
    Similarity Rank: 2028
    Republic State Mortgage Co.
    Similarity Rank: 2680
    JPMorgan Chase Bank
    Similarity Rank: 3456
    ATLANTIC BAY MORTGAGE GROUP, L.L.C.
    Similarity Rank: 5368

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 82 $5,970,000 $72,805 $0 5.29%

    For 2018, Service One's most frequently originated type of loan was Conventional, with 82 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 25 $3,485,000 $139,400 $0 5.14%
    Refi 25 $1,315,000 $52,600 $0 5.22%
    Home Improvement 24 $810,000 $33,750 $0 5.27%
    Other 8 $360,000 $45,000 $0 6.02%

    For 2018, Service One's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 32 $1,390,000 $43,438 $0 5.38%
    30 Year 25 $3,545,000 $141,800 $0 5.11%
    15 Year 12 $540,000 $45,000 $0 6.30%
    5 Year 6 $110,000 $18,333 $0 4.17%
    Other 6 $150,000 $25,000 $0 4.73%
    20 Year 1 $235,000 $235,000 $0 4.75%

    For 2018, Service One's most frequently cited loan duration was 10 Year, with 32 originations. The 2nd most popular length was 30 Year, with 25 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 35 $2,765,000 $79,000
    4-5% 28 $2,210,000 $78,929
    6-7% 11 $455,000 $41,364
    3-4% 5 $135,000 $27,000
    7-8% 2 $330,000 $165,000
    Over 8% 1 $75,000 $75,000

    During 2018, Service One's average interest rate for loans was 5.11%, while their most frequently originated rate bucket for loans was 5-6%, with 35 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 64 $2,580,000 $40,313 $0 5.29%
    $100k-200k 10 $1,380,000 $138,000 $0 5.14%
    $200k-400k 7 $1,605,000 $229,286 $0 5.54%
    $400k-600k 1 $405,000 $405,000 $0 4.50%

    2018 saw Service One place emphasis on $100,000 or less loans with 64 originations, totaling $2,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 33 $1,615,000 $48,939 $0 5.24%
    $50k-75k 23 $1,815,000 $78,913 $0 5.14%
    $100k-150k 15 $1,525,000 $101,667 $0 5.76%
    $75k-100k 10 $780,000 $78,000 $0 5.13%
    $150k-250k 1 $235,000 $235,000 $0 4.75%

    Service One lent most frequently to those with incomes in the $50k or less range, with 33 originations. The second most popular income band? $50k-75k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 30 $3,000,000 $100,000 $0 5.10%
    20-30% 24 $1,870,000 $77,917 $0 5.44%
    30-36% 13 $465,000 $35,769 $0 5.22%
    50-60% 2 $100,000 $50,000 $0 6.06%
    36% 2 $80,000 $40,000 $0 4.50%
    40% 2 $80,000 $40,000 $0 5.38%
    41% 2 $140,000 $70,000 $0 5.50%
    37% 1 $85,000 $85,000 $0 4.50%
    42% 1 $25,000 $25,000 $0 6.00%
    43% 1 $45,000 $45,000 $0 5.88%
    45% 1 $15,000 $15,000 $0 6.75%
    46% 1 $25,000 $25,000 $0 6.13%
    39% 1 $25,000 $25,000 $0 6.13%
    48% 1 $15,000 $15,000 $0 3.75%

    Service One lent most frequently to those with DTI ratios of <20%, with 30 originations. The next most common DTI ratio? 20-30%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 75 $5,175,000 $69,000 $0 5.30%
    Black 5 $455,000 $91,000 $0 5.08%
    Asian 2 $340,000 $170,000 $0 5.31%

    Approval Rates

    Total approvals of all applications
    70.00%

    Service One has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    97.56%

    Service One has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 82 $5,970,000 $72,805

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $330,000 $55,000
    Single Family (1-4 Units):Site-Built 76 $5,640,000 $74,211

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $800,000 $40,000 $0 5.37%
    40-60% 6 $360,000 $60,000 $0 4.83%
    60-80% 8 $700,000 $87,500 $0 5.48%
    80-100% 22 $3,450,000 $156,818 $0 5.26%
    Under 20% 26 $660,000 $25,385 $0 5.29%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    SERVICE 1ST MORTGAGE, INC. Conventional home mortgage Trouble during payment process 1 100.0%