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 Other and Home Purchase loans. One Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Lebanon, Burlington, Barre, Greeneville, and Keene 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 about average rates.
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Originations
66Origination Dollar Volume (All Markets)
$4,400,000Top 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) | 38 | $2,090,000 | $55,000 | $1,078 | 4.43% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 9 | $775,000 | $86,111 | $1,242 | 4.51% |
| Outside of Metro Areas | 9 | $735,000 | $81,667 | $1,235 | 4.51% |
| Barre, VT (FHA|USDA|VA) | 8 | $400,000 | $50,000 | $301 | 4.34% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,151 | 4.00% |
| Keene, NH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,591 | 3.75% |
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.
Similarity Rank: 115
Similarity Rank: 176
Similarity Rank: 231
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Similarity Rank: 250
Similarity Rank: 308
Similarity Rank: 350
Similarity Rank: 442
Similarity Rank: 455
Similarity Rank: 704
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 66 | $4,400,000 | $66,667 | $1,097 | 4.42% |
For 2019, One Credit Union's most frequently originated type of loan was Conventional, with 66 originations.
Loan Reason
For 2019, One Credit Union's most frequently cited loan purpose was Home Improvement, with 25 originations. The 2nd most popular reason was Other, with 24 originations.
Loan Duration/Length
For 2019, One Credit Union's most frequently cited loan duration was 10 Year, with 23 originations. The 2nd most popular length was 15 Year, with 16 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 54 | $2,460,000 | $45,556 |
| $2k-3k | 6 | $790,000 | $131,667 |
| $1k-2k | 3 | $485,000 | $161,667 |
| $3k-4k | 3 | $665,000 | $221,667 |
One Credit Union's average total fees were $4,481, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 54 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 33 | $2,675,000 | $81,061 |
| 3-4% | 17 | $875,000 | $51,471 |
| 5-6% | 12 | $630,000 | $52,500 |
| 6-7% | 4 | $220,000 | $55,000 |
During 2019, One Credit Union's average interest rate for loans was 4.30%, while their most frequently originated rate bucket for loans was 4-5%, with 33 originations.
Loan Sizing
2019 saw One Credit Union place emphasis on $100,000 or less loans with 50 originations, totaling $1,750,000 in origination value.
Applicant Income
One Credit Union lent most frequently to those with incomes in the $75k-100k range, with 18 originations. The second most popular income band? $100k-150k, with 16 originations.
Applicant Debt to Income Ratio
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 8 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.00%
One Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination59.09%
One Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 66 | $4,400,000 | $66,667 |