One Credit Union Mortgage Rates, Fees & Info

SPRINGFIELD, VT

LEI: 549300KO4HWF5JO6UV73

Tax ID: 03-6008252

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

One Credit Union is a smaller credit union specializing in Home Improvement, Other, and Refi loans. One Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Lebanon, Burlington, Barre, Concord, and Rutland 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 above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
15 Year Conventional Purchase 5.68% 12/8/24
15 Year Conventional Refi 5.75% 12/8/24
15 Year Cash-out Refi 5.75% 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.

One Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from One 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

100

Origination Dollar Volume (All Markets)

$6,000,000

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
Lebanon, NH-VT (FHA|USDA|VA) 50 $2,650,000 $53,000 $298 6.77%
Outside of Metro Areas 18 $1,380,000 $76,667 $299 6.72%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 12 $950,000 $79,167 $286 6.81%
Barre, VT (FHA|USDA|VA) 13 $645,000 $49,615 $297 6.85%
Concord, NH (FHA|USDA|VA) 4 $290,000 $72,500 $308 7.50%
Rutland, VT (FHA|USDA|VA) 2 $60,000 $30,000 $298 6.69%
Berlin, NH (FHA|USDA|VA) 1 $25,000 $25,000 $298 6.25%
One Credit Union's top markets include Lebanon, Burlington, Barre, Concord, and Rutland among others.

Their top states include:
  • Vermont (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • 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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 100 $6,000,000 $60,000 $297 6.80%

    For 2023, One Credit Union's most frequently originated type of loan was Conventional, with 100 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 44 $2,260,000 $51,364 $294 6.76%
    Other 33 $2,055,000 $62,273 $297 6.88%
    Refi 23 $1,685,000 $73,261 $304 6.73%

    For 2023, One Credit Union's most frequently cited loan purpose was Home Improvement, with 44 originations. The 2nd most popular reason was Other, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 55 $4,105,000 $74,636 $296 7.15%
    10 Year 29 $1,395,000 $48,103 $299 6.48%
    5 Year 16 $500,000 $31,250 $301 6.16%

    For 2023, One Credit Union's most frequently cited loan duration was 15 Year, with 55 originations. The 2nd most popular length was 10 Year, with 29 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 100 $6,000,000 $60,000

    One Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 100 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 50 $3,040,000 $60,800
    7-8% 29 $1,995,000 $68,793
    5-6% 15 $705,000 $47,000
    Over 8% 6 $260,000 $43,333

    During 2023, One Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 82 $3,620,000 $44,146 $296 6.74%
    $100k-200k 17 $2,175,000 $127,941 $301 7.07%
    $200k-400k 1 $205,000 $205,000 $298 6.50%

    2023 saw One Credit Union place emphasis on $100,000 or less loans with 82 originations, totaling $3,620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 32 $1,850,000 $57,813 $301 6.73%
    $100k-150k 23 $1,435,000 $62,391 $294 6.91%
    $75k-100k 19 $1,125,000 $59,211 $297 6.74%
    $150k-250k 12 $1,030,000 $85,833 $295 7.00%
    $50k or less 12 $410,000 $34,167 $298 6.60%
    $250k+ 2 $150,000 $75,000 $298 7.00%

    One Credit Union lent most frequently to those with incomes in the $50k-75k range, with 32 originations. The second most popular income band? $100k-150k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 24 $1,530,000 $63,750 $293 6.88%
    30-36% 23 $1,385,000 $60,217 $301 6.67%
    <20% 10 $400,000 $40,000 $309 6.81%
    41% 6 $320,000 $53,333 $290 6.98%
    38% 6 $320,000 $53,333 $296 7.08%
    39% 5 $295,000 $59,000 $288 6.40%
    47% 5 $425,000 $85,000 $302 6.40%
    46% 4 $180,000 $45,000 $308 7.50%
    44% 3 $165,000 $55,000 $298 6.42%
    42% 3 $155,000 $51,667 $286 6.92%
    37% 2 $160,000 $80,000 $298 6.44%
    40% 2 $180,000 $90,000 $298 6.50%
    43% 2 $100,000 $50,000 $298 6.69%
    48% 2 $160,000 $80,000 $298 7.50%
    36% 1 $75,000 $75,000 $263 6.50%
    49% 1 $45,000 $45,000 $298 6.25%
    45% 1 $105,000 $105,000 $298 7.50%

    One Credit Union lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? 30-36%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 88 $5,420,000 $61,591 $297 6.77%
    Not provided 11 $545,000 $49,545 $300 7.05%
    American Indian 1 $35,000 $35,000 $298 6.38%

    Approval Rates

    Total approvals of all applications
    91.54%

    One Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.00%

    One Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 100 $6,000,000 $60,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    100 $6,000,000 $60,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $2,700,000 $79,412 $298 6.89%
    40-60% 6 $650,000 $108,333 $298 6.96%
    60-80% 3 $395,000 $131,667 $298 6.58%
    Under 20% 57 $2,255,000 $39,561 $297 6.73%