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: Salisbury, Dover, 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% 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

    296

    Origination Dollar Volume (All Markets)

    $34,260,000

    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
    SALISBURY, MD-DE (FHA|USDA|VA) 99 $11,785,000 $119,040 $1,639 3.84%
    DOVER, DE (FHA|USDA|VA) 119 $11,745,000 $98,697 $1,773 3.77%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 77 $10,605,000 $137,727 $2,338 3.48%
    Outside of Metro Areas 1 $125,000 $125,000 $2,438 2.63%
    Del-one Federal Credit Union's top markets include Salisbury, Dover, and Philadelphia among others.

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

    First Citizens Community Bank
    Similarity Rank: 589
    BHCU
    Similarity Rank: 625
    Prudential Bank
    Similarity Rank: 640
    Hebron Savings Bank
    Similarity Rank: 680
    Unity Bank
    Similarity Rank: 1258
    GLENDENNING MORTGAGE CORPORATION
    Similarity Rank: 1340
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 1585
    FEDERATED LENDING CORPORATION
    Similarity Rank: 1932
    Penn Community Bank
    Similarity Rank: 1950
    Columbia Bank
    Similarity Rank: 1971

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 185 $27,545,000 $148,892 $1,891 3.78%
    HELOC 111 $6,715,000 $60,495 n/a 3.61%

    For 2020, Del-one Federal Credit Union's most frequently originated type of loan was Conventional, with 185 originations. Their 2nd most popular type was HELOC, with 111 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 101 $5,035,000 $49,851 $285 4.04%
    Refi 67 $11,195,000 $167,090 $2,474 3.17%
    Cash Out Refi 65 $12,415,000 $191,000 $2,752 3.14%
    Other 46 $2,660,000 $57,826 $396 4.57%
    Home Purchase 17 $2,955,000 $173,824 $2,544 3.83%

    For 2020, Del-one Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 101 originations. The 2nd most popular reason was Refi, with 67 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 203 $23,045,000 $113,522 $2,437 3.42%
    10 Year 36 $2,570,000 $71,389 $894 4.26%
    20 Year 28 $3,480,000 $124,286 $1,030 4.67%
    30 Year 20 $4,800,000 $240,000 $3,079 3.85%
    5 Year 7 $285,000 $40,714 $360 4.82%
    Other 2 $80,000 $40,000 $300 4.87%

    For 2020, Del-one Federal Credit Union's most frequently cited loan duration was 15 Year, with 203 originations. The 2nd most popular length was 10 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 185 $27,545,000 $148,892

    Del-one Federal Credit Union's average total fees were $3,079, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 185 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 107 $10,635,000 $99,393
    2.5-3% 85 $12,765,000 $150,176
    4-5% 40 $3,640,000 $91,000
    5-6% 35 $1,785,000 $51,000
    <2.5% 23 $5,125,000 $222,826
    6-7% 6 $310,000 $51,667

    During 2020, Del-one Federal Credit Union's average interest rate for loans was 3.85%, while their most frequently originated rate bucket for loans was 3-4%, with 107 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 164 $7,720,000 $47,073 $417 4.17%
    $100k-200k 83 $12,455,000 $150,060 $2,655 3.21%
    $200k-400k 43 $11,075,000 $257,558 $3,106 3.03%
    $400k-600k 5 $2,155,000 $431,000 $3,391 3.03%
    $600k-1MM 1 $855,000 $855,000 $2,213 3.88%

    2020 saw Del-one Federal Credit Union place emphasis on $100,000 or less loans with 164 originations, totaling $7,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 86 $9,640,000 $112,093 $1,965 3.66%
    $50k-75k 62 $5,760,000 $92,903 $1,604 3.92%
    $75k-100k 60 $6,940,000 $115,667 $1,952 3.64%
    $150k-250k 50 $7,710,000 $154,200 $2,126 3.61%
    $50k or less 28 $2,250,000 $80,357 $1,695 3.80%
    $250k+ 6 $1,720,000 $286,667 $2,263 3.62%

    Del-one Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 86 originations. The second most popular income band? $50k-75k, with 62 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 109 $13,235,000 $121,422 $2,004 3.63%
    <20% 58 $5,180,000 $89,310 $1,784 3.44%
    30-36% 56 $7,820,000 $139,643 $1,908 3.78%
    38% 13 $1,875,000 $144,231 $2,189 4.00%
    37% 11 $795,000 $72,273 $835 4.40%
    41% 10 $1,730,000 $173,000 $1,967 4.12%
    42% 10 $760,000 $76,000 $1,139 4.14%
    36% 8 $610,000 $76,250 $1,518 4.25%
    40% 7 $785,000 $112,143 $2,115 3.66%
    39% 6 $760,000 $126,667 $2,531 3.64%
    43% 4 $290,000 $72,500 $2,468 3.28%
    45% 2 $240,000 $120,000 $0 4.00%
    44% 1 $125,000 $125,000 $0 2.99%
    49% 1 $55,000 $55,000 $0 4.00%

    Del-one Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 109 originations. The next most common DTI ratio? <20%, with 58 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 235 $27,415,000 $116,660 $1,840 3.70%
    Not provided 27 $3,465,000 $128,333 $2,008 3.73%
    Black 28 $2,530,000 $90,357 $1,993 3.87%
    Asian 4 $500,000 $125,000 $2,972 3.69%
    Native Hawaiian or Islander 1 $235,000 $235,000 $3,007 2.88%
    Not applicable 1 $115,000 $115,000 $0 2.99%

    Approval Rates

    Total approvals of all applications
    55.26%

    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
    80.41%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 296 $34,260,000 $115,743

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $125,000 $41,667
    Single Family (1-4 Units):Site-Built 293 $34,135,000 $116,502

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 78 $5,560,000 $71,282 $781 3.93%
    40-60% 47 $7,205,000 $153,298 $2,348 3.18%
    60-80% 67 $15,125,000 $225,746 $3,048 3.00%
    80-100% 11 $2,925,000 $265,909 $2,967 3.86%
    Under 20% 93 $3,445,000 $37,043 $331 4.31%