One Credit Union Mortgage Rates, Fees & Info

SPRINGFIELD, VT

LEI: 549300KO4HWF5JO6UV73

Tax ID: 03-6008252

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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 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.

    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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    Originations

    120

    Origination Dollar Volume (All Markets)

    $7,710,000

    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) 73 $4,605,000 $63,082 $282 4.41%
    Outside of Metro Areas 18 $1,310,000 $72,778 $284 4.52%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 12 $820,000 $68,333 $268 4.09%
    Barre, VT (FHA|USDA|VA) 14 $750,000 $53,571 $272 4.63%
    Concord, NH (FHA|USDA|VA) 1 $135,000 $135,000 $263 6.00%
    Keene, NH (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $25,000 $25,000 $263 5.00%
    One Credit Union's top markets include Lebanon, Burlington, Barre, Concord, and Keene 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.

    Northfield Savings Bank
    Similarity Rank: 55
    Meredith Village Savings Bank
    Similarity Rank: 153
    Northway Bank
    Similarity Rank: 198
    Mascoma Bank
    Similarity Rank: 390
    VERMONT STATE EMPLOYEES
    Similarity Rank: 440
    NORTHEAST CREDIT UNION
    Similarity Rank: 504
    Bank of New Hampshire
    Similarity Rank: 560
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 629
    Union Bank
    Similarity Rank: 715
    Bar Harbor Bank & Trust
    Similarity Rank: 760

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 120 $7,710,000 $64,250 $277 4.44%

    For 2022, One Credit Union's most frequently originated type of loan was Conventional, with 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 53 $3,125,000 $58,962 $286 4.43%
    Other 41 $2,415,000 $58,902 $278 4.33%
    Refi 26 $2,170,000 $83,462 $256 4.66%

    For 2022, One Credit Union's most frequently cited loan purpose was Home Improvement, with 53 originations. The 2nd most popular reason was Other, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 66 $5,020,000 $76,061 $280 4.70%
    10 Year 31 $1,715,000 $55,323 $256 4.30%
    5 Year 21 $795,000 $37,857 $298 3.69%
    20 Year 2 $180,000 $90,000 $263 6.25%

    For 2022, One Credit Union's most frequently cited loan duration was 15 Year, with 66 originations. The 2nd most popular length was 10 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 118 $7,450,000 $63,136

    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 118 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 58 $3,950,000 $68,103
    5-6% 29 $2,105,000 $72,586
    4-5% 13 $585,000 $45,000
    2.5-3% 12 $380,000 $31,667
    6-7% 5 $435,000 $87,000
    7-8% 3 $255,000 $85,000

    During 2022, One Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 97 $4,545,000 $46,856 $279 4.40%
    $100k-200k 22 $2,930,000 $133,182 $269 4.58%
    $200k-400k 1 $235,000 $235,000 $263 6.00%

    2022 saw One Credit Union place emphasis on $100,000 or less loans with 97 originations, totaling $4,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 35 $2,205,000 $63,000 $282 4.39%
    $75k-100k 25 $1,265,000 $50,600 $262 4.77%
    $50k-75k 24 $1,530,000 $63,750 $260 4.16%
    $50k or less 17 $975,000 $57,353 $267 4.45%
    $150k-250k 15 $1,225,000 $81,667 $331 4.43%
    $250k+ 3 $375,000 $125,000 $263 4.54%

    One Credit Union lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $75k-100k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 31 $2,155,000 $69,516 $281 4.46%
    30-36% 27 $1,515,000 $56,111 $277 4.50%
    <20% 10 $500,000 $50,000 $269 3.44%
    46% 9 $405,000 $45,000 $257 4.18%
    45% 6 $570,000 $95,000 $273 5.13%
    49% 5 $435,000 $87,000 $259 4.85%
    39% 5 $375,000 $75,000 $275 4.38%
    44% 5 $275,000 $55,000 $267 5.05%
    40% 4 $220,000 $55,000 $263 4.81%
    47% 4 $250,000 $62,500 $283 4.81%
    41% 3 $265,000 $88,333 $263 4.17%
    36% 3 $215,000 $71,667 $263 3.63%
    43% 2 $60,000 $30,000 $488 4.38%
    38% 2 $80,000 $40,000 $263 3.31%
    50-60% 1 $135,000 $135,000 $263 6.00%
    37% 1 $145,000 $145,000 $323 7.50%
    42% 1 $85,000 $85,000 $263 3.63%
    48% 1 $25,000 $25,000 $263 5.13%

    One Credit Union lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 114 $7,210,000 $63,246 $273 4.41%
    Not provided 6 $500,000 $83,333 $351 5.10%

    Approval Rates

    Total approvals of all applications
    88.96%

    One Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.83%

    One Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 120 $7,710,000 $64,250

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    120 $7,710,000 $64,250

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $3,495,000 $74,362 $274 4.84%
    40-60% 13 $1,255,000 $96,538 $250 4.28%
    60-80% 4 $590,000 $147,500 $263 3.63%
    80-100% 1 $235,000 $235,000 $263 6.00%
    Under 20% 55 $2,135,000 $38,818 $286 4.18%