Del-one Federal Credit Union Mortgage Rates, Fees & InfoDover, DE
Tax ID: 51-0098799
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewDel-one Federal Credit Union is a smaller credit union specializing in Home Improvement, Refi, and Cash Out Refi loans. Del-one Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Salisbury, Dover, Philadelphia, and Easton among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)
Del-one Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Del-one Federal Credit Union 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.22%||9/25/23|
|30 Year Conventional Purchase||6.20%||9/25/23|
|30 Year Conventional Refi||6.19%||9/25/23|
|30 Year Cash-out Refi||6.19%||9/25/23|
|15 Year Conventional Purchase||5.70%||9/25/23|
|15 Year Conventional Refi||5.80%||9/25/23|
|15 Year Cash-out Refi||5.80%||9/25/23|
|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.|
Del-one Federal Credit Union Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Del-one Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$72,265,000
Del-one Federal Credit Union's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.55%.
Relative Fees (Closing Costs)
Del-one Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $1,043.
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 $4,750.
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|
|SALISBURY, MD-DE (FHA|USDA|VA)||250||$24,900,000||$99,600||$246||4.89%|
|DOVER, DE (FHA|USDA|VA)||240||$23,740,000||$98,917||$168||5.01%|
|Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA)||159||$23,185,000||$145,818||$719||4.86%|
|Outside of Metro Areas||5||$385,000||$77,000||$1,288||5.07%|
|Easton, MD (FHA|USDA|VA)||1||$55,000||$55,000||$0||4.25%|
We use machine learning to identify the top lenders compared against DEL-ONE FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Del-one Federal Credit Union's most frequently originated type of loan was Conventional, with 453 originations. Their 2nd most popular type was HELOC, with 202 originations.
For 2022, Del-one Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 230 originations. The 2nd most popular reason was Other, with 167 originations.
For 2022, Del-one Federal Credit Union's most frequently cited loan duration was 15 Year, with 221 originations. The 2nd most popular length was 10 Year, with 164 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Del-one Federal Credit Union's average total fees were $1,043, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 415 originations.
During 2022, Del-one Federal Credit Union's average interest rate for loans was 4.21%, while their most frequently originated rate bucket for loans was 3-4%, with 171 originations.
2022 saw Del-one Federal Credit Union place emphasis on $100,000 or less loans with 416 originations, totaling $21,560,000 in origination value.
Del-one Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 190 originations. The second most popular income band? $75k-100k, with 146 originations.
Applicant Debt to Income Ratio
Del-one Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 180 originations. The next most common DTI ratio? 30-36%, with 141 originations.
Approval RatesTotal approvals of all applications
Del-one Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick RateApprovals leading to origination
Del-one Federal Credit Union has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|