Carolina One Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300JA1J2RX1MKI366

Tax ID: 46-2884509

5 stars - Updated: 4/17/25 - out of 5 stars, based on 24 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Carolina One Mortgage is a smaller mortgage company specializing in Home Purchase loans. Carolina One Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Charleston, Augusta, Columbia, Atlanta, and Orangeburg among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Carolina 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. Carolina 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 6.97% 4/17/25
    30 Year Conventional Refi 6.84% 4/17/25
    30 Year Cash-out Refi 7.05% 4/17/25
    30 Year FHA Purchase 7.31% 4/17/25
    30 Year FHA Refi 6.58% 4/17/25
    30 Year VA Purchase 6.49% 4/17/25
    30 Year VA Refi 6.28% 4/17/25
    15 Year Conventional Purchase 6.09% 4/17/25
    15 Year Conventional Refi 6.95% 4/17/25
    15 Year Cash-out Refi 6.95% 4/17/25
    15 Year FHA Purchase 6.72% 4/17/25
    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.

    Carolina One Mortgage Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Carolina One Mortgage. 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

    572

    Origination Dollar Volume (All Markets)

    $198,880,000

    Awards

    CAROLINA ONE MORTGAGE VA Loans bronze
    Show all (1) awards

    Relative Rate

    Carolina One Mortgage's average 30 year fixed mortgage rate was 6.62%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.07%.

    Relative Fees (Closing Costs)

    Carolina One Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $8,155.

    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 $8,356.

    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
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 453 $165,455,000 $365,243 $7,867 6.70%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 71 $19,415,000 $273,451 $8,535 6.45%
    Outside of Metro Areas 12 $2,790,000 $232,500 $6,877 6.83%
    COLUMBIA, SC (FHA|USDA|VA) 7 $2,145,000 $306,429 $9,692 6.68%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $2,065,000 $688,333 $17,366 6.79%
    Orangeburg, SC (FHA|USDA|VA) 8 $1,860,000 $232,500 $6,292 6.73%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $1,545,000 $515,000 $13,324 6.75%
    SUMTER, SC (FHA|USDA|VA) 3 $1,335,000 $445,000 $5,987 6.83%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $620,000 $155,000 $5,222 6.88%
    FLORENCE, SC (FHA|USDA|VA) 3 $385,000 $128,333 $1,904 7.42%
    Seneca, SC (FHA|USDA|VA) 1 $355,000 $355,000 $14,090 5.75%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $355,000 $355,000 $11,182 8.13%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $295,000 $295,000 $5,422 6.63%
    Georgetown, SC (FHA|USDA|VA) 2 $260,000 $130,000 $5,383 7.81%
    Carolina One Mortgage's top markets include Charleston, Augusta, Columbia, Atlanta, and Orangeburg among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Similar Lenders

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

    Security Federal Bank
    Similarity Rank: 234
    Barley Mortgage, LLC
    Similarity Rank: 249
    FIRST CHOICE MORTGAGE, INC.
    Similarity Rank: 715
    AUGUSTA MORTGAGE CO.
    Similarity Rank: 720
    Coastal Carolina National Bank
    Similarity Rank: 722
    SRP Federal Credit Union
    Similarity Rank: 754
    Associated Credit Union
    Similarity Rank: 864
    SHELTER LENDING SERVICES, L.L.C.
    Similarity Rank: 1197
    First Community Bank
    Similarity Rank: 1504
    VELOCIO MORTGAGE L.L.C.
    Similarity Rank: 1562

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 393 $137,565,000 $350,038 $6,189 6.81%
    FHA 97 $30,155,000 $310,876 $12,633 6.48%
    VA 82 $31,160,000 $380,000 $10,530 6.30%

    For 2024, Carolina One Mortgage's most frequently originated type of loan was Conventional, with 393 originations. Their 2nd most popular type was FHA, with 97 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 536 $190,760,000 $355,896 $8,072 6.61%
    Cash Out Refi 30 $6,560,000 $218,667 $6,127 7.97%
    Refi 6 $1,560,000 $260,000 $6,798 6.29%

    For 2024, Carolina One Mortgage's most frequently cited loan purpose was Home Purchase, with 536 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 543 $194,755,000 $358,665 $8,155 6.62%
    15 Year 13 $3,035,000 $233,462 $6,681 5.98%
    20 Year 13 $1,055,000 $81,154 $3,110 9.57%
    10 Year 3 $35,000 $11,667 $310 7.58%

    For 2024, Carolina One Mortgage's most frequently cited loan duration was 30 Year, with 543 originations. The 2nd most popular length was 15 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 165 $60,755,000 $368,212
    $5k+ 126 $58,410,000 $463,571
    $4k-5k 95 $30,435,000 $320,368
    $3k-4k 77 $20,785,000 $269,935
    $2k-3k 67 $19,795,000 $295,448
    $<1k 24 $4,330,000 $180,417

    Carolina One Mortgage's average total fees were $8,155, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 165 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 385 $135,515,000 $351,987
    7-8% 93 $33,785,000 $363,280
    5-6% 70 $23,740,000 $339,143
    Over 8% 16 $3,270,000 $204,375
    4-5% 7 $2,185,000 $312,143
    3-4% 1 $385,000 $385,000

    During 2024, Carolina One Mortgage's average interest rate for loans was 6.62%, while their most frequently originated rate bucket for loans was 6-7%, with 385 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 323 $95,795,000 $296,579 $8,082 6.53%
    $400k-600k 98 $47,310,000 $482,755 $9,282 6.58%
    $100k-200k 79 $12,245,000 $155,000 $4,646 6.86%
    $600k-1MM 44 $32,520,000 $739,091 $10,568 6.80%
    $100,000 or less 21 $1,325,000 $63,095 $2,836 8.30%
    $1MM+ 7 $9,685,000 $1,383,571 $15,566 7.21%

    2024 saw Carolina One Mortgage place emphasis on $200k-400k loans with 323 originations, totaling $95,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 134 $45,550,000 $339,925 $8,390 6.77%
    $75k-100k 123 $36,385,000 $295,813 $8,679 6.61%
    $50k-75k 121 $28,805,000 $238,058 $6,952 6.52%
    $150k-250k 108 $47,160,000 $436,667 $7,966 6.69%
    $250k+ 52 $34,550,000 $664,423 $9,322 6.86%
    $50k or less 34 $6,430,000 $189,118 $5,349 6.85%

    Carolina One Mortgage lent most frequently to those with incomes in the $100k-150k range, with 134 originations. The second most popular income band? $75k-100k, with 123 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 74 $25,160,000 $340,000 $7,300 6.66%
    20-30% 73 $26,465,000 $362,534 $6,468 6.58%
    50-60% 54 $18,460,000 $341,852 $12,447 6.49%
    49% 42 $16,890,000 $402,143 $8,156 6.59%
    42% 36 $13,480,000 $374,444 $7,427 6.95%
    41% 33 $10,885,000 $329,848 $8,790 6.85%
    44% 30 $8,350,000 $278,333 $7,372 6.62%
    39% 28 $11,270,000 $402,500 $6,976 6.90%
    40% 26 $8,640,000 $332,308 $7,233 6.50%
    48% 26 $9,640,000 $370,769 $8,677 6.68%
    43% 25 $7,765,000 $310,600 $7,967 6.58%
    46% 23 $8,325,000 $361,957 $8,185 6.62%
    37% 19 $6,505,000 $342,368 $7,746 6.65%
    47% 19 $7,065,000 $371,842 $9,074 6.74%
    36% 16 $4,610,000 $288,125 $5,764 7.08%
    38% 16 $4,520,000 $282,500 $7,682 6.70%
    45% 15 $5,125,000 $341,667 $7,379 6.71%
    <20% 13 $3,625,000 $278,846 $4,739 6.84%

    Carolina One Mortgage lent most frequently to those with DTI ratios of 30-36%, with 74 originations. The next most common DTI ratio? 20-30%, with 73 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 460 $162,110,000 $352,413 $7,925 6.68%
    Not provided 65 $22,315,000 $343,308 $7,230 6.76%
    Black 32 $8,580,000 $268,125 $9,392 6.68%
    Asian 11 $4,395,000 $399,545 $9,542 6.44%
    American Indian 3 $915,000 $305,000 $4,117 6.75%
    Native Hawaiian or Islander 1 $565,000 $565,000 $16,204 6.25%

    Approval Rates

    Total approvals of all applications
    98.04%

    Carolina 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
    62.76%

    Carolina 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
    NA 572 $198,880,000 $347,692

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    572 $198,880,000 $347,692

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $5,820,000 $194,000 $4,600 6.97%
    40-60% 44 $14,050,000 $319,318 $5,573 6.73%
    60-80% 126 $50,780,000 $403,016 $7,140 6.74%
    80-100% 335 $119,175,000 $355,746 $8,561 6.54%
    Over 100% 18 $7,190,000 $399,444 $18,556 6.23%
    Under 20% 19 $1,865,000 $98,158 $2,455 8.51%