One Credit Union Mortgage Rates, Fees & Info
SPRINGFIELD, VTLEI: 549300KO4HWF5JO6UV73
Tax ID: 03-6008252
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Mortgage Data
Review & Overview
One Credit Union is a smaller credit union specializing in Refi loans. One Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Lebanon, Burlington, Keene, Barre, and Rutland among others. We have data for 6 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 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 relatively high 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 |
|---|---|---|
| 15 Year Conventional Purchase | 5.68% | 4/21/24 |
| 15 Year Conventional Refi | 5.75% | 4/21/24 |
| 15 Year Cash-out Refi | 5.75% | 4/21/24 |
| 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
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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
56Origination Dollar Volume (All Markets)
$4,520,000Top 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 |
|---|---|---|---|---|---|
| Lebanon, NH-VT (FHA|USDA|VA) | 30 | $2,550,000 | $85,000 | $283 | 4.57% |
| Outside of Metro Areas | 8 | $820,000 | $102,500 | $1,678 | 4.61% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 7 | $445,000 | $63,571 | $340 | 4.25% |
| Keene, NH (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,883 | 5.01% |
| Barre, VT (FHA|USDA|VA) | 8 | $310,000 | $38,750 | $297 | 4.56% |
| Rutland, VT (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $263 | 4.25% |
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 | 56 | $4,520,000 | $80,714 | $587 | 4.54% |
For 2018, One Credit Union's most frequently originated type of loan was Conventional, with 56 originations.
Loan Reason
For 2018, One Credit Union's most frequently cited loan purpose was Other, with 21 originations. The 2nd most popular reason was Home Improvement, with 16 originations.
Loan Duration/Length
For 2018, One Credit Union's most frequently cited loan duration was 15 Year, with 21 originations. The 2nd most popular length was 10 Year, with 20 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1 | $65,000 | $65,000 |
| $2k-3k | 1 | $185,000 | $185,000 |
| $3k-4k | 1 | $225,000 | $225,000 |
One Credit Union's average total fees were $4,602, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 29 | $2,945,000 | $101,552 |
| 5-6% | 13 | $1,105,000 | $85,000 |
| 3-4% | 11 | $305,000 | $27,727 |
| 6-7% | 3 | $165,000 | $55,000 |
During 2018, One Credit Union's average interest rate for loans was 5.17%, while their most frequently originated rate bucket for loans was 4-5%, with 29 originations.
Loan Sizing
2018 saw One Credit Union place emphasis on $100,000 or less loans with 43 originations, totaling $1,745,000 in origination value.
Applicant Income
One Credit Union lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $75k-100k, with 14 originations.
Applicant Debt to Income Ratio
One Credit Union lent most frequently to those with DTI ratios of 30-36%, with 17 originations. The next most common DTI ratio? 20-30%, with 9 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 56 | $4,520,000 | $80,714 | $587 | 4.54% |
Approval Rates
Total approvals of all applications71.58%
One Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination82.14%
One Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 56 | $4,520,000 | $80,714 |