Del-one Federal Credit Union Mortgage Rates, Fees & Info
Dover, DELEI: 549300KDVJICP5T5BD05
Tax ID: 51-0098799
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Mortgage Data
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 6.22% | 12/5/24 |
30 Year Conventional Purchase | 6.20% | 12/5/24 |
30 Year Conventional Refi | 6.19% | 12/5/24 |
30 Year Cash-out Refi | 6.19% | 12/5/24 |
15 Year Conventional Purchase | 5.70% | 12/5/24 |
15 Year Conventional Refi | 5.80% | 12/5/24 |
15 Year Cash-out Refi | 5.80% | 12/5/24 |
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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
296Origination Dollar Volume (All Markets)
$34,260,000Top 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% |
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.
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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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications55.26%
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 origination80.41%
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 |