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

Dover, DE

LEI: 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: Dover, Salisbury, Philadelphia, Baltimore, and Cambridge 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.

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% 12/8/24
30 Year Conventional Purchase 6.20% 12/8/24
30 Year Conventional Refi 6.19% 12/8/24
30 Year Cash-out Refi 6.19% 12/8/24
15 Year Conventional Purchase 5.70% 12/8/24
15 Year Conventional Refi 5.80% 12/8/24
15 Year Cash-out Refi 5.80% 12/8/24
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

402

Origination Dollar Volume (All Markets)

$50,980,000

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
DOVER, DE (FHA|USDA|VA) 182 $21,470,000 $117,967 $990 3.70%
SALISBURY, MD-DE (FHA|USDA|VA) 115 $15,095,000 $131,261 $1,518 3.61%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 103 $14,065,000 $136,553 $1,610 3.60%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $265,000 $265,000 $3,706 3.00%
Cambridge, MD (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.75%
Del-one Federal Credit Union's top markets include Dover, Salisbury, Philadelphia, Baltimore, 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.

    Louviers Federal Credit Union
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    Dover Federal Credit Union
    Similarity Rank: 2544

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 248 $39,600,000 $159,677 $1,305 3.55%
    HELOC 154 $11,380,000 $73,896 n/a 3.81%

    For 2021, Del-one Federal Credit Union's most frequently originated type of loan was Conventional, with 248 originations. Their 2nd most popular type was HELOC, with 154 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 133 $8,365,000 $62,895 $385 4.10%
    Refi 90 $15,670,000 $174,111 $1,562 3.03%
    Cash Out Refi 85 $18,195,000 $214,059 $1,660 3.12%
    Other 69 $4,435,000 $64,275 $399 4.19%
    Home Purchase 25 $4,315,000 $172,600 $2,909 3.77%

    For 2021, Del-one Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 133 originations. The 2nd most popular reason was Refi, with 90 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 341 $37,395,000 $109,663 $968 3.71%
    30 Year 40 $9,940,000 $248,500 $2,611 3.31%
    10 Year 11 $1,365,000 $124,091 $1,953 3.23%
    20 Year 7 $1,735,000 $247,857 $2,393 3.31%
    Other 3 $545,000 $181,667 $0 2.99%

    For 2021, Del-one Federal Credit Union's most frequently cited loan duration was 15 Year, with 341 originations. The 2nd most popular length was 30 Year, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 205 $29,695,000 $144,854
    $1k-2k 43 $9,905,000 $230,349

    Del-one Federal Credit Union's average total fees were $2,611, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 205 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 182 $19,000,000 $104,396
    2.5-3% 118 $22,980,000 $194,746
    5-6% 40 $1,860,000 $46,500
    4-5% 35 $2,385,000 $68,143
    <2.5% 26 $4,700,000 $180,769
    6-7% 1 $55,000 $55,000

    During 2021, Del-one Federal Credit Union's average interest rate for loans was 3.31%, while their most frequently originated rate bucket for loans was 3-4%, with 182 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 215 $10,845,000 $50,442 $405 4.12%
    $100k-200k 96 $14,330,000 $149,271 $1,803 3.10%
    $200k-400k 85 $22,735,000 $267,471 $1,860 3.12%
    $400k-600k 5 $2,225,000 $445,000 $1,713 2.97%
    $600k-1MM 1 $845,000 $845,000 $3,185 3.38%

    2021 saw Del-one Federal Credit Union place emphasis on $100,000 or less loans with 215 originations, totaling $10,845,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 128 $16,930,000 $132,266 $1,387 3.69%
    $50k-75k 89 $9,645,000 $108,371 $1,060 3.64%
    $75k-100k 77 $9,585,000 $124,481 $1,333 3.63%
    $150k-250k 46 $7,680,000 $166,957 $2,099 3.59%
    $50k or less 44 $3,110,000 $70,682 $802 3.78%
    $250k+ 3 $1,385,000 $461,667 $3,556 3.17%

    Del-one Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 128 originations. The second most popular income band? $50k-75k, with 89 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 124 $16,260,000 $131,129 $1,513 3.50%
    30-36% 89 $12,805,000 $143,876 $1,011 3.78%
    <20% 70 $8,280,000 $118,286 $1,166 3.35%
    42% 23 $2,755,000 $119,783 $752 3.95%
    37% 17 $2,215,000 $130,294 $1,183 3.96%
    39% 16 $1,760,000 $110,000 $2,090 3.88%
    36% 14 $1,500,000 $107,143 $1,749 3.85%
    38% 12 $1,380,000 $115,000 $927 4.05%
    41% 12 $1,660,000 $138,333 $2,005 3.60%
    40% 11 $1,275,000 $115,909 $1,058 3.75%
    44% 7 $555,000 $79,286 $0 3.86%
    45% 3 $165,000 $55,000 $0 3.75%
    43% 2 $220,000 $110,000 $0 3.75%
    46% 1 $65,000 $65,000 $0 3.75%
    48% 1 $85,000 $85,000 $0 3.75%

    Del-one Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 124 originations. The next most common DTI ratio? 30-36%, with 89 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 291 $36,495,000 $125,412 $1,299 3.65%
    Black 61 $7,585,000 $124,344 $782 3.79%
    Not provided 34 $4,430,000 $130,294 $1,968 3.58%
    Asian 5 $1,085,000 $217,000 $3,537 2.88%
    Not applicable 5 $675,000 $135,000 $0 3.45%
    Native Hawaiian or Islander 4 $520,000 $130,000 $0 3.37%
    American Indian 2 $190,000 $95,000 $3,745 3.06%

    Approval Rates

    Total approvals of all applications
    59.37%

    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
    77.86%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 402 $50,980,000 $126,816

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    402 $50,980,000 $126,816

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 90 $7,560,000 $84,000 $815 3.70%
    40-60% 51 $8,565,000 $167,941 $1,612 3.08%
    60-80% 75 $16,905,000 $225,400 $2,178 3.01%
    80-100% 37 $10,855,000 $293,378 $1,286 3.19%
    Over 100% 3 $855,000 $285,000 $3,470 4.13%
    Under 20% 146 $6,240,000 $42,740 $419 4.24%