One Credit Union Mortgage Rates, Fees & Info
SPRINGFIELD, VTLEI: 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
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.
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Originations
100Origination Dollar Volume (All Markets)
$6,000,000Top 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) | 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% |
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: 126
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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
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
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
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
Approval Rates
Total approvals of all applications91.54%
One Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination82.00%
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 |