Banc One Mortgage Corporation Rates, Fees & Info
ORANGE, CALEI: 549300OLJQ30ZT21BC55
Tax ID: 47-0996983
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Mortgage Data
Review & Overview
Banc One Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Banc One Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Riverside, Los Angeles, Austin, Bakersfield, and San Francisco among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)Banc One Mortgage Corporation 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. They typically have about average 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.73% | 4/5/25 |
| 30 Year Conventional Refi | 6.73% | 4/5/25 |
| 30 Year Cash-out Refi | 6.73% | 4/5/25 |
| 30 Year FHA Purchase | 6.72% | 4/5/25 |
| 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. | ||
Banc One Mortgage Corporation Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
150Origination Dollar Volume (All Markets)
$79,010,000Relative Rate
Banc One Mortgage Corporation's average 30 year fixed mortgage rate was
6.85%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.3%.
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 |
|---|---|---|---|---|---|
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 71 | $35,165,000 | $495,282 | $0 | 6.69% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 45 | $30,145,000 | $669,889 | $0 | 7.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $2,775,000 | $396,429 | $0 | 6.48% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 5 | $1,505,000 | $301,000 | $0 | 6.70% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $0 | 6.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $0 | 6.66% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $0 | 5.88% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 7.63% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 7.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 6.38% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 9.13% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 6.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 6.75% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 5.75% |
| CHICO, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 7.38% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 7.99% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 8.25% |
| Outside of Metro Areas | 1 | $335,000 | $335,000 | $0 | 8.50% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 6.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 6.25% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.99% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against BANC ONE MORTGAGE CORPORATION 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 | 100 | $56,370,000 | $563,700 | $0 | 7.14% |
| FHA | 50 | $22,640,000 | $452,800 | $0 | 6.25% |
For 2024, Banc One Mortgage Corporation's most frequently originated type of loan was Conventional, with 100 originations. Their 2nd most popular type was FHA, with 50 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 127 | $68,125,000 | $536,417 | $0 | 6.75% |
| Cash Out Refi | 17 | $6,525,000 | $383,824 | $0 | 7.45% |
| Refi | 6 | $4,360,000 | $726,667 | $0 | 7.10% |
For 2024, Banc One Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 127 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 150 | $79,010,000 | $526,733 | $0 | 6.85% |
For 2024, Banc One Mortgage Corporation's most frequently cited loan duration was 30 Year, with 150 originations.
Origination Fees/Closing Costs
Banc One Mortgage Corporation's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 21 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 85 | $43,985,000 | $517,471 |
| 7-8% | 38 | $21,770,000 | $572,895 |
| 5-6% | 17 | $8,055,000 | $473,824 |
| Over 8% | 9 | $4,665,000 | $518,333 |
| 4-5% | 1 | $535,000 | $535,000 |
During 2024, Banc One Mortgage Corporation's average interest rate for loans was 6.85%, while their most frequently originated rate bucket for loans was 6-7%, with 85 originations.
Loan Sizing
2024 saw Banc One Mortgage Corporation place emphasis on $400k-600k loans with 58 originations, totaling $27,840,000 in origination value.
Applicant Income
Banc One Mortgage Corporation lent most frequently to those with incomes in the $50k or less range, with 139 originations. The second most popular income band? $50k-75k, with 3 originations.
Applicant Debt to Income Ratio
Banc One Mortgage Corporation lent most frequently to those with DTI ratios of 50-60%, with 31 originations. The next most common DTI ratio? 49%, with 21 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 143 | $74,935,000 | $524,021 | $0 | 6.85% |
| Asian | 3 | $2,325,000 | $775,000 | $0 | 7.00% |
| Black | 4 | $1,750,000 | $437,500 | $0 | 6.75% |
Approval Rates
Total approvals of all applications100.00%
Banc One Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.33%
Banc One Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 150 | $79,010,000 | $526,733 |