Del-one Federal Credit Union Mortgage Rates, Fees & Info

Dover, DE

LEI: 549300KDVJICP5T5BD05

Tax ID: 51-0098799

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

    Del-one Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Del-one Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dover, Salisbury, Philadelphia, and Cambridge among others. We have data for 4 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.22% 12/16/24
    30 Year Conventional Purchase 6.20% 12/16/24
    30 Year Conventional Refi 6.19% 12/16/24
    30 Year Cash-out Refi 6.19% 12/16/24
    15 Year Conventional Purchase 5.70% 12/16/24
    15 Year Conventional Refi 5.80% 12/16/24
    15 Year Cash-out Refi 5.80% 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.

    Del-one Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated 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™ 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

    213

    Origination Dollar Volume (All Markets)

    $19,465,000

    Awards

    DEL-ONE FEDERAL CREDIT UNION 30 Year Conventional Loans gold DEL-ONE FEDERAL CREDIT UNION 30 Year Conventional Loans silver DEL-ONE FEDERAL CREDIT UNION 30 Year Conventional Loans bronze
    Show all (3) 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
    DOVER, DE (FHA|USDA|VA) 95 $8,865,000 $93,316 $2,539 4.68%
    SALISBURY, MD-DE (FHA|USDA|VA) 69 $6,315,000 $91,522 $1,954 4.76%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 48 $4,230,000 $88,125 $2,101 4.66%
    Cambridge, MD (FHA|USDA|VA) 1 $55,000 $55,000 $647 4.74%
    Del-one Federal Credit Union's top markets include Dover, Salisbury, Philadelphia, and Cambridge among others.

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

    • Similar Lenders

    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.

    Iron Workers Savings Bank
    Similarity Rank: 63
    Haddon Savings Bank
    Similarity Rank: 116
    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 126
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 135
    Columbia Bank
    Similarity Rank: 136
    WASHINGTON SAVINGS BANK
    Similarity Rank: 225
    COMMUNITY POWERED
    Similarity Rank: 228
    Hebron Savings Bank
    Similarity Rank: 305
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 316
    Penn Community Bank
    Similarity Rank: 576

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 137 $14,865,000 $108,504 $2,255 5.01%
    HELOC 76 $4,600,000 $60,526 n/a 4.16%

    For 2018, Del-one Federal Credit Union's most frequently originated type of loan was Conventional, with 137 originations. Their 2nd most popular type was HELOC, with 76 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 107 $6,535,000 $61,075 $1,295 4.68%
    Other 40 $2,100,000 $52,500 $852 5.32%
    Home Purchase 34 $6,990,000 $205,588 $4,329 4.42%
    Refi 32 $3,840,000 $120,000 $3,079 4.31%

    For 2018, Del-one Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 107 originations. The 2nd most popular reason was Other, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 103 $6,495,000 $63,058 $1,644 4.39%
    30 Year 41 $8,165,000 $199,146 $4,274 4.50%
    20 Year 29 $2,825,000 $97,414 $1,103 5.61%
    10 Year 27 $1,525,000 $56,481 $1,606 4.78%
    5 Year 6 $160,000 $26,667 $924 5.87%
    Other 6 $210,000 $35,000 $917 5.61%
    30+ year 1 $85,000 $85,000 $0 3.75%

    For 2018, Del-one Federal Credit Union's most frequently cited loan duration was 15 Year, with 103 originations. The 2nd most popular length was 30 Year, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 74 $3,810,000 $51,486
    $1k-2k 58 $10,440,000 $180,000

    Del-one Federal Credit Union's average total fees were $4,274, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 74 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 80 $8,690,000 $108,625
    3-4% 68 $6,430,000 $94,559
    5-6% 37 $2,745,000 $74,189
    6-7% 18 $750,000 $41,667
    7-8% 6 $370,000 $61,667
    2.5-3% 3 $315,000 $105,000

    During 2018, Del-one Federal Credit Union's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 4-5%, with 80 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 145 $6,855,000 $47,276 $1,187 4.83%
    $100k-200k 43 $6,135,000 $142,674 $3,158 4.49%
    $200k-400k 24 $6,020,000 $250,833 $4,428 4.35%
    $400k-600k 1 $455,000 $455,000 $4,958 4.38%

    2018 saw Del-one Federal Credit Union place emphasis on $100,000 or less loans with 145 originations, totaling $6,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 59 $5,095,000 $86,356 $2,091 4.78%
    $100k-150k 49 $4,195,000 $85,612 $1,781 4.75%
    $75k-100k 42 $3,930,000 $93,571 $2,132 4.63%
    $50k or less 36 $3,150,000 $87,500 $2,848 4.56%
    $150k-250k 24 $2,620,000 $109,167 $2,584 4.70%
    $250k+ 3 $475,000 $158,333 $2,596 5.39%

    Del-one Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 59 originations. The second most popular income band? $100k-150k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 61 $5,215,000 $85,492 $2,169 4.67%
    30-36% 45 $3,555,000 $79,000 $1,775 4.73%
    <20% 30 $2,980,000 $99,333 $2,640 4.44%
    39% 14 $1,770,000 $126,429 $3,630 4.48%
    40% 11 $865,000 $78,636 $1,910 5.29%
    36% 9 $1,425,000 $158,333 $2,845 4.77%
    37% 9 $825,000 $91,667 $2,346 4.53%
    41% 7 $525,000 $75,000 $1,978 6.06%
    38% 6 $710,000 $118,333 $2,705 4.76%
    42% 6 $310,000 $51,667 $830 5.50%
    46% 4 $350,000 $87,500 $0 4.44%
    50-60% 2 $230,000 $115,000 $0 3.75%
    43% 2 $60,000 $30,000 $0 3.75%
    45% 2 $200,000 $100,000 $0 4.50%
    48% 2 $140,000 $70,000 $0 4.13%
    44% 1 $55,000 $55,000 $0 4.00%
    47% 1 $85,000 $85,000 $0 4.00%

    Del-one Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 61 originations. The next most common DTI ratio? 30-36%, with 45 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 184 $16,870,000 $91,685 $2,191 4.67%
    Black 18 $1,410,000 $78,333 $2,516 4.91%
    Not provided 8 $940,000 $117,500 $2,498 5.09%
    Asian 2 $170,000 $85,000 $4,560 4.44%
    Native Hawaiian or Islander 1 $75,000 $75,000 $0 3.75%

    Approval Rates

    Total approvals of all applications
    55.08%

    Del-one Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    78.87%

    Del-one Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 213 $19,465,000 $91,385

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $250,000 $62,500
    Single Family (1-4 Units):Site-Built 209 $19,215,000 $91,938

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 62 $4,080,000 $65,806 $1,216 4.69%
    40-60% 16 $1,830,000 $114,375 $2,715 4.59%
    60-80% 28 $5,300,000 $189,286 $4,149 4.24%
    80-100% 25 $5,215,000 $208,600 $4,013 4.61%
    Under 20% 81 $2,875,000 $35,494 $932 4.93%