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: 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
402Origination Dollar Volume (All Markets)
$50,980,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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 | 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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications59.37%
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 origination77.86%
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 |