One Credit Union Mortgage Rates, Fees & Info

SPRINGFIELD, VT

LEI: 549300KO4HWF5JO6UV73

Tax ID: 03-6008252

3.7 stars - out of 5 stars, based on 12 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    One Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. One Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Lebanon, Barre, Burlington, Boston, and Keene among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    One Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. One Credit Union is typically an average 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) 6.29% 10/3/22
    30 Year Conventional Purchase 7.06% 10/3/22
    30 Year Conventional Refi 7.12% 10/3/22
    30 Year FHA Refi 6.29% 10/3/22
    30 Year USDA Purchase 7.79% 10/3/22
    15 Year Conventional Purchase 6.58% 10/3/22
    15 Year Conventional Refi 7.04% 10/3/22
    15 Year Cash-out Refi 7.04% 10/3/22
    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.


    Originations

    136

    Origination Dollar Volume (All Markets)

    $13,470,000

    Relative Rate

    One Credit Union's average 30 year fixed mortgage rate was 3.5%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.35%.

    Relative Fees (Closing Costs)

    One Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,011.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    Lebanon, NH-VT (FHA|USDA|VA) 71 $6,855,000 $96,549 $2,175 3.47%
    Outside of Metro Areas 23 $2,325,000 $101,087 $2,344 3.39%
    Barre, VT (FHA|USDA|VA) 23 $1,975,000 $85,870 $2,127 3.66%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 16 $1,750,000 $109,375 $1,579 3.34%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $315,000 $315,000 $6,463 3.25%
    Keene, NH (FHA|USDA|VA) 1 $185,000 $185,000 $6,141 3.50%
    Concord, NH (FHA|USDA|VA) 1 $65,000 $65,000 $263 3.63%

    One Credit Union's top markets include Lebanon, Barre, Burlington, Boston, and Keene among others.

    Similar Lenders

    We use machine learning to identify the top lenders compared against ONE Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Northfield Savings Bank
    Similarity Rank: 155
    ST. MARY'S BANK
    Similarity Rank: 184
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 238
    Northway Bank
    Similarity Rank: 405
    VERMONT STATE EMPLOYEES
    Similarity Rank: 530
    Meredith Village Savings Bank
    Similarity Rank: 570
    Union Bank
    Similarity Rank: 715
    ONE Credit Union
    Similarity Rank: 735
    Bar Harbor Bank & Trust
    Similarity Rank: 817
    Bangor Savings Bank
    Similarity Rank: 850

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 135 $13,355,000 $98,926 $2,133 3.47%
    USDA 1 $115,000 $115,000 $7,773 3.63%

    For 2021, One Credit Union's most frequently originated type of loan was Conventional, with 135 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 60 $6,990,000 $116,500 $2,860 3.36%
    Other 30 $1,910,000 $63,667 $325 3.65%
    Home Improvement 27 $1,255,000 $46,481 $282 3.58%
    Home Purchase 19 $3,315,000 $174,474 $5,462 3.43%

    For 2021, One Credit Union's most frequently cited loan purpose was Refi, with 60 originations. The 2nd most popular reason was Other, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 60 $5,150,000 $85,833 $1,209 3.53%
    30 Year 38 $6,250,000 $164,474 $5,011 3.50%
    10 Year 18 $1,000,000 $55,556 $435 3.66%
    5 Year 16 $580,000 $36,250 $279 3.09%
    20 Year 4 $490,000 $122,500 $3,994 3.16%

    For 2021, One Credit Union's most frequently cited loan duration was 15 Year, with 60 originations. The 2nd most popular length was 30 Year, with 38 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 32 $4,700,000 $146,875
    $1k-2k 17 $1,485,000 $87,353
    $3k-4k 6 $1,350,000 $225,000
    $4k-5k 2 $500,000 $250,000
    $5k+ 1 $545,000 $545,000

    One Credit Union's average total fees were $5,011, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 32 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 90 $9,420,000 $104,667
    2.5-3% 38 $3,300,000 $86,842
    4-5% 4 $440,000 $110,000
    <2.5% 2 $250,000 $125,000
    5-6% 2 $60,000 $30,000

    During 2021, One Credit Union's average interest rate for loans was 3.50%, while their most frequently originated rate bucket for loans was 3-4%, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 80 $4,350,000 $54,375 $842 3.53%
    $100k-200k 47 $6,565,000 $139,681 $3,685 3.39%
    $200k-400k 8 $2,010,000 $251,250 $5,071 3.42%
    $400k-600k 1 $545,000 $545,000 $10,731 3.38%

    2021 saw One Credit Union place emphasis on $100,000 or less loans with 80 originations, totaling $4,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 45 $4,905,000 $109,000 $2,503 3.41%
    $75k-100k 33 $3,005,000 $91,061 $1,853 3.65%
    $100k-150k 25 $1,975,000 $79,000 $1,255 3.45%
    $50k or less 22 $1,830,000 $83,182 $2,471 3.44%
    $150k-250k 9 $1,035,000 $115,000 $2,296 3.35%
    $250k+ 1 $545,000 $545,000 $10,731 3.38%

    One Credit Union lent most frequently to those with incomes in the $50k-75k range, with 45 originations. The second most popular income band? $75k-100k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 29 $2,405,000 $82,931 $1,565 3.56%
    20-30% 26 $2,090,000 $80,385 $1,228 3.43%
    42% 12 $1,450,000 $120,833 $2,757 3.34%
    <20% 8 $1,120,000 $140,000 $2,651 3.42%
    40% 6 $540,000 $90,000 $2,230 3.73%
    43% 6 $640,000 $106,667 $2,667 3.65%
    39% 6 $540,000 $90,000 $2,638 3.60%
    49% 6 $490,000 $81,667 $2,686 3.08%
    50-60% 5 $435,000 $87,000 $2,247 3.38%
    44% 4 $520,000 $130,000 $3,124 3.19%
    38% 4 $380,000 $95,000 $3,022 3.19%
    41% 4 $710,000 $177,500 $4,763 3.44%
    36% 4 $260,000 $65,000 $1,225 3.47%
    37% 4 $500,000 $125,000 $2,497 3.34%
    48% 4 $510,000 $127,500 $3,939 3.63%
    45% 3 $475,000 $158,333 $3,311 3.67%
    46% 3 $155,000 $51,667 $283 3.63%
    47% 2 $250,000 $125,000 $2,548 4.31%

    One Credit Union lent most frequently to those with DTI ratios of 30-36%, with 29 originations. The next most common DTI ratio? 20-30%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 127 $12,225,000 $96,260 $2,098 3.49%
    Not provided 7 $655,000 $93,571 $2,406 3.23%
    Asian 1 $315,000 $315,000 $6,463 3.25%
    American Indian 1 $275,000 $275,000 $5,782 3.13%

    Approval Rates

    Total approvals of all applications
    86.13%

    One Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.06%

    One Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 136 $13,470,000 $99,044

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    136 $13,470,000 $99,044

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $2,195,000 $66,515 $947 3.55%
    40-60% 23 $2,545,000 $110,652 $2,453 3.27%
    60-80% 38 $5,870,000 $154,474 $3,635 3.52%
    80-100% 10 $1,700,000 $170,000 $5,690 3.30%
    Under 20% 32 $1,160,000 $36,250 $274 3.54%