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 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: Dover, Salisbury, and Philadelphia 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% 6/3/24
    30 Year Conventional Purchase 6.20% 6/3/24
    30 Year Conventional Refi 6.19% 6/3/24
    30 Year Cash-out Refi 6.19% 6/3/24
    15 Year Conventional Purchase 5.70% 6/3/24
    15 Year Conventional Refi 5.80% 6/3/24
    15 Year Cash-out Refi 5.80% 6/3/24
    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

    286

    Origination Dollar Volume (All Markets)

    $32,150,000
    Show all (6) 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) 122 $12,410,000 $101,721 $1,489 4.56%
    SALISBURY, MD-DE (FHA|USDA|VA) 96 $10,640,000 $110,833 $1,497 4.52%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 66 $8,430,000 $127,727 $1,680 4.60%
    Outside of Metro Areas 2 $670,000 $335,000 $2,816 3.50%
    Del-one Federal Credit Union's top markets include Dover, Salisbury, and Philadelphia 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.

    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 122
    Prudential Bank
    Similarity Rank: 162
    CREDIT UNION OF NEW JERSEY
    Similarity Rank: 180
    Calvin B. Taylor Banking Company of Berlin, Maryland
    Similarity Rank: 204
    Columbia Bank
    Similarity Rank: 440
    Hebron Savings Bank
    Similarity Rank: 460
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 624
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 678
    Hamilton National Mortgage Company
    Similarity Rank: 774
    County Savings Bank
    Similarity Rank: 780

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 209 $26,645,000 $127,488 $1,547 4.45%
    HELOC 77 $5,505,000 $71,494 n/a 4.81%

    For 2019, Del-one Federal Credit Union's most frequently originated type of loan was Conventional, with 209 originations. Their 2nd most popular type was HELOC, with 77 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 89 $4,945,000 $55,562 $418 4.95%
    Refi 66 $9,920,000 $150,303 $1,970 3.89%
    Other 63 $3,555,000 $56,429 $505 5.26%
    Cash Out Refi 54 $10,280,000 $190,370 $2,529 3.95%
    Home Purchase 14 $3,450,000 $246,429 $3,360 4.22%

    For 2019, Del-one Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 89 originations. The 2nd most popular reason was Refi, with 66 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 126 $11,150,000 $88,492 $1,558 4.63%
    20 Year 52 $5,580,000 $107,308 $985 5.06%
    30 Year 46 $11,010,000 $239,348 $3,067 3.87%
    10 Year 42 $3,120,000 $74,286 $921 4.34%
    5 Year 13 $445,000 $34,231 $532 4.74%
    Other 7 $845,000 $120,714 $1,077 4.64%

    For 2019, Del-one Federal Credit Union's most frequently cited loan duration was 15 Year, with 126 originations. The 2nd most popular length was 20 Year, with 52 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 198 $24,410,000 $123,283
    $1k-2k 9 $2,135,000 $237,222

    Del-one Federal Credit Union's average total fees were $3,067, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 198 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 145 $13,075,000 $90,172
    3-4% 55 $11,565,000 $210,273
    5-6% 43 $2,665,000 $61,977
    2.5-3% 20 $3,760,000 $188,000
    6-7% 18 $780,000 $43,333
    7-8% 5 $305,000 $61,000

    During 2019, Del-one Federal Credit Union's average interest rate for loans was 3.87%, while their most frequently originated rate bucket for loans was 4-5%, with 145 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 161 $7,485,000 $46,491 $550 5.01%
    $100k-200k 76 $10,630,000 $139,868 $2,149 4.13%
    $200k-400k 44 $11,670,000 $265,227 $2,943 3.69%
    $400k-600k 5 $2,365,000 $473,000 $3,655 3.58%

    2019 saw Del-one Federal Credit Union place emphasis on $100,000 or less loans with 161 originations, totaling $7,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 68 $8,120,000 $119,412 $1,573 4.47%
    $75k-100k 68 $7,630,000 $112,206 $1,322 4.71%
    $50k-75k 58 $5,840,000 $100,690 $1,716 4.55%
    $50k or less 50 $4,200,000 $84,000 $1,603 4.35%
    $150k-250k 33 $4,685,000 $141,970 $1,691 4.72%
    $250k+ 5 $1,275,000 $255,000 $2,066 4.25%

    Del-one Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 68 originations. The second most popular income band? $75k-100k, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 90 $10,060,000 $111,778 $1,565 4.46%
    30-36% 64 $7,570,000 $118,281 $1,671 4.60%
    <20% 34 $3,730,000 $109,706 $1,386 4.24%
    42% 14 $1,520,000 $108,571 $768 4.50%
    41% 13 $1,235,000 $95,000 $1,384 5.26%
    39% 12 $1,010,000 $84,167 $1,192 4.96%
    36% 11 $885,000 $80,455 $938 4.51%
    44% 11 $1,505,000 $136,818 $3,129 4.66%
    38% 9 $715,000 $79,444 $1,205 5.08%
    37% 6 $760,000 $126,667 $1,946 4.64%
    40% 6 $510,000 $85,000 $1,019 5.02%
    43% 5 $1,365,000 $273,000 $2,911 3.83%
    45% 3 $435,000 $145,000 $2,723 4.25%
    50-60% 3 $235,000 $78,333 $3,044 4.00%
    48% 2 $320,000 $160,000 $2,600 4.56%
    47% 1 $195,000 $195,000 $2,779 2.75%
    46% 1 $55,000 $55,000 $0 4.75%
    49% 1 $45,000 $45,000 $0 5.00%

    Del-one Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 90 originations. The next most common DTI ratio? 30-36%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 242 $27,730,000 $114,587 $1,588 4.51%
    Not provided 16 $1,940,000 $121,250 $1,242 4.51%
    Black 18 $1,870,000 $103,889 $1,576 4.99%
    American Indian 5 $325,000 $65,000 $1,748 4.89%
    Not applicable 2 $120,000 $60,000 $175 3.75%
    Other Pacific Islander 1 $65,000 $65,000 $945 4.05%
    Asian 1 $55,000 $55,000 $647 5.50%
    Native Hawaiian or Islander 1 $45,000 $45,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    66.26%

    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
    79.02%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 286 $32,150,000 $112,413

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 8 $470,000 $58,750
    Single Family (1-4 Units):Site-Built 278 $31,680,000 $113,957

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 70 $5,190,000 $74,143 $649 4.91%
    40-60% 38 $5,010,000 $131,842 $1,756 4.27%
    60-80% 67 $14,935,000 $222,910 $2,789 3.73%
    80-100% 16 $3,750,000 $234,375 $2,953 4.11%
    Under 20% 95 $3,265,000 $34,368 $440 5.04%