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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Purchase | 5.68% | 5/4/24 |
| 15 Year Conventional Refi | 5.75% | 5/4/24 |
| 15 Year Cash-out Refi | 5.75% | 5/4/24 |
| 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™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
120Origination Dollar Volume (All Markets)
$7,710,000Top 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) | 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% |
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 | 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
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
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
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
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
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 applications88.96%
One Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination85.83%
One Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 120 | $7,710,000 | $64,250 |