Carolina One Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300JA1J2RX1MKI366

Tax ID: 46-2884509

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
  • 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. They have a low ratio of USDA loans. Their top markets by origination volume include: Charleston, Hilton Head Island, Orangeburg, Columbia, and Myrtle Beach among others. We have data for 9 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 a low 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 6.76% 12/16/24
    30 Year Conventional Refi 6.72% 12/16/24
    30 Year Cash-out Refi 7.11% 12/16/24
    30 Year FHA Purchase 7.68% 12/16/24
    30 Year FHA Refi 7.97% 12/16/24
    30 Year VA Purchase 6.52% 12/16/24
    30 Year USDA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 6.23% 12/16/24
    15 Year Conventional Refi 6.41% 12/16/24
    15 Year Cash-out Refi 6.41% 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.

    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

    737

    Origination Dollar Volume (All Markets)

    $169,875,000

    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
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 705 $163,875,000 $232,447 $4,447 4.87%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 5 $1,685,000 $337,000 $3,500 5.07%
    Orangeburg, SC (FHA|USDA|VA) 9 $1,125,000 $125,000 $4,839 4.88%
    COLUMBIA, SC (FHA|USDA|VA) 5 $1,085,000 $217,000 $3,167 4.79%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $730,000 $182,500 $3,607 4.55%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $550,000 $275,000 $3,765 5.19%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $340,000 $170,000 $4,441 5.19%
    Outside of Metro Areas 4 $330,000 $82,500 $3,802 4.38%
    Georgetown, SC (FHA|USDA|VA) 1 $155,000 $155,000 $2,801 4.75%
    Carolina One Mortgage's top markets include Charleston, Hilton Head Island, Orangeburg, Columbia, and Myrtle Beach among others.

    Their top states include:
  • South Carolina (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.

    REV FEDERAL CREDIT UNION
    Similarity Rank: 472
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C.
    Similarity Rank: 1120
    CPM Federal Credit Union
    Similarity Rank: 1358
    SOUTH CAROLINA FEDERAL CREDIT UNION
    Similarity Rank: 2058
    Carolina Financial Corporation
    Similarity Rank: 2176
    CAROLINA ONE MORTGAGE, LLC
    Similarity Rank: 2439
    STATE EMPLOYEES'
    Similarity Rank: 2890
    First Horizon Bank
    Similarity Rank: 3072
    Southern First Bank
    Similarity Rank: 3344
    First Reliance Bank
    Similarity Rank: 3350

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 496 $115,600,000 $233,065 $3,509 4.87%
    FHA 120 $23,670,000 $197,250 $6,860 4.99%
    VA 112 $28,920,000 $258,214 $5,830 4.68%
    USDA 9 $1,685,000 $187,222 $4,966 4.97%

    For 2018, Carolina One Mortgage's most frequently originated type of loan was Conventional, with 496 originations. Their 2nd most popular type was FHA, with 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 687 $159,135,000 $231,638 $4,457 4.84%
    Cash Out Refi 35 $7,415,000 $211,857 $3,951 5.20%
    Refi 14 $3,040,000 $217,143 $4,235 4.80%
    Other 1 $285,000 $285,000 $1,384 6.75%

    For 2018, Carolina One Mortgage's most frequently cited loan purpose was Home Purchase, with 687 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 710 $166,330,000 $234,268 $4,516 4.90%
    15 Year 13 $2,705,000 $208,077 $3,342 4.29%
    10 Year 10 $50,000 $5,000 $0 2.00%
    20 Year 2 $320,000 $160,000 $2,807 4.75%
    Other 2 $470,000 $235,000 $2,785 4.63%

    For 2018, Carolina One Mortgage's most frequently cited loan duration was 30 Year, with 710 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 516 $118,920,000 $230,465
    $<1k 117 $27,195,000 $232,436
    $2k-3k 41 $6,925,000 $168,902
    $3k-4k 32 $7,040,000 $220,000
    $5k+ 17 $5,715,000 $336,176
    $4k-5k 14 $4,080,000 $291,429

    Carolina One Mortgage's average total fees were $4,516, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 516 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 484 $118,580,000 $245,000
    5-6% 211 $41,535,000 $196,848
    3-4% 20 $6,270,000 $313,500
    <2.5% 6 $30,000 $5,000
    6-7% 6 $2,290,000 $381,667
    7-8% 6 $1,150,000 $191,667

    During 2018, Carolina One Mortgage's average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 4-5%, with 484 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 339 $90,355,000 $266,534 $4,917 4.79%
    $100k-200k 295 $46,225,000 $156,695 $4,033 5.00%
    $400k-600k 51 $23,345,000 $457,745 $4,868 4.78%
    $100,000 or less 42 $2,590,000 $61,667 $2,552 4.65%
    $600k-1MM 10 $7,360,000 $736,000 $4,918 4.58%

    2018 saw Carolina One Mortgage place emphasis on $200k-400k loans with 339 originations, totaling $90,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 226 $46,310,000 $204,912 $4,750 4.86%
    $50k or less 170 $25,130,000 $147,824 $3,934 4.81%
    $75k-100k 135 $32,795,000 $242,926 $4,689 4.83%
    $100k-150k 128 $36,100,000 $282,031 $4,393 4.83%
    $150k-250k 46 $16,170,000 $351,522 $3,999 4.89%
    $250k+ 28 $12,820,000 $457,857 $4,442 5.12%

    Carolina One Mortgage lent most frequently to those with incomes in the $50k-75k range, with 226 originations. The second most popular income band? $50k or less, with 170 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 122 $27,710,000 $227,131 $4,186 4.85%
    20-30% 121 $27,425,000 $226,653 $4,149 4.70%
    44% 46 $9,430,000 $205,000 $4,529 4.93%
    <20% 41 $9,245,000 $225,488 $3,597 5.21%
    38% 40 $9,430,000 $235,750 $4,250 5.00%
    43% 34 $8,280,000 $243,529 $4,497 4.81%
    42% 33 $7,915,000 $239,848 $4,176 4.86%
    49% 33 $7,125,000 $215,909 $3,993 5.05%
    50-60% 32 $7,590,000 $237,188 $6,728 4.75%
    40% 30 $7,920,000 $264,000 $4,369 4.78%
    45% 30 $7,340,000 $244,667 $4,772 4.75%
    48% 29 $5,665,000 $195,345 $4,823 4.82%
    47% 29 $6,405,000 $220,862 $4,800 4.98%
    37% 28 $7,340,000 $262,143 $5,033 4.89%
    39% 26 $6,410,000 $246,538 $4,158 4.90%
    46% 23 $5,105,000 $221,957 $4,664 4.94%
    41% 23 $4,765,000 $207,174 $3,797 4.89%
    36% 17 $4,775,000 $280,882 $5,171 4.73%

    Carolina One Mortgage lent most frequently to those with DTI ratios of 30-36%, with 122 originations. The next most common DTI ratio? 20-30%, with 121 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 634 $148,780,000 $234,669 $4,420 4.86%
    Black 50 $9,680,000 $193,600 $4,999 4.88%
    Not provided 31 $6,225,000 $200,806 $3,570 4.93%
    Asian 14 $3,330,000 $237,857 $4,096 4.98%
    American Indian 6 $1,450,000 $241,667 $4,843 4.80%
    Native Hawaiian or Islander 2 $410,000 $205,000 $5,865 4.88%

    Approval Rates

    Total approvals of all applications
    97.60%

    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
    78.56%

    Carolina One Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 737 $169,875,000 $230,495

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $490,000 $122,500
    Single Family (1-4 Units):Site-Built 733 $169,385,000 $231,085

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $1,685,000 $129,615 $2,718 4.96%
    40-60% 34 $7,410,000 $217,941 $3,279 4.75%
    60-80% 153 $39,125,000 $255,719 $3,677 4.95%
    80-100% 480 $109,920,000 $229,000 $4,544 4.89%
    Over 100% 45 $11,525,000 $256,111 $8,131 4.68%
    Under 20% 12 $210,000 $17,500 $412 2.70%