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. They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, Riverside, Houston, Bakersfield, and Lake Havasu City among others. We have data for 16 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 an above average pick rate when compared to similar lenders. Banc One Mortgage Corporation is typically a high 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 relatively high 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 | 6.28% | 4/20/24 |
| 30 Year Conventional Refi | 6.27% | 4/20/24 |
| 30 Year Cash-out Refi | 6.28% | 4/20/24 |
| 30 Year FHA Purchase | 6.28% | 4/20/24 |
| 30 Year FHA Refi | 6.27% | 4/20/24 |
| 30 Year VA Purchase | 6.27% | 4/20/24 |
| 15 Year Conventional Purchase | 5.68% | 4/20/24 |
| 15 Year Conventional Refi | 5.69% | 4/20/24 |
| 15 Year Cash-out Refi | 5.69% | 4/20/24 |
| 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. | ||
Banc One Mortgage Corporation Mortgage Calculator
Your Estimates
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This is not an official calculator from Banc One Mortgage Corporation. 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
143Origination Dollar Volume (All Markets)
$66,615,000Awards
BANC ONE MORTGAGE CORPORATION - 2023
BANC ONE MORTGAGE CORPORATION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Banc One Mortgage Corporation's average 30 year fixed mortgage rate was
7.04%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.56%.
Relative Fees (Closing Costs)
Banc One Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,687.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 52 | $30,570,000 | $587,885 | $10,347 | 7.38% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 68 | $29,050,000 | $427,206 | $8,008 | 6.79% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $2,100,000 | $350,000 | $4,271 | 6.14% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $5,878 | 7.37% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $11,634 | 6.31% |
| Brookings, OR (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $20,569 | 6.25% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $16,575 | 8.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 9.25% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,995 | 7.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,283 | 8.13% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,690 | 10.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,793 | 6.00% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,508 | 5.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,452 | 6.13% |
| Outside of Metro Areas | 1 | $95,000 | $95,000 | $3,885 | 6.75% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,405 | 5.88% |
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
For 2023, Banc One Mortgage Corporation's most frequently originated type of loan was Conventional, with 95 originations. Their 2nd most popular type was FHA, with 43 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 119 | $60,545,000 | $508,782 | $9,024 | 6.88% |
| Home Improvement | 24 | $6,070,000 | $252,917 | $6,866 | 7.74% |
For 2023, Banc One Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 119 originations. The 2nd most popular reason was Home Improvement, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 142 | $66,300,000 | $466,901 | $8,687 | 7.04% |
| 15 Year | 1 | $315,000 | $315,000 | $2,978 | 5.38% |
For 2023, Banc One Mortgage Corporation's most frequently cited loan duration was 30 Year, with 142 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 24 | $17,740,000 | $739,167 |
| $1k-2k | 5 | $805,000 | $161,000 |
| $2k-3k | 3 | $965,000 | $321,667 |
| $4k-5k | 2 | $810,000 | $405,000 |
Banc One Mortgage Corporation's average total fees were $8,687, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 24 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 58 | $25,830,000 | $445,345 |
| 5-6% | 30 | $11,120,000 | $370,667 |
| Over 8% | 28 | $13,960,000 | $498,571 |
| 7-8% | 25 | $15,675,000 | $627,000 |
| <2.5% | 1 | $15,000 | $15,000 |
During 2023, Banc One Mortgage Corporation's average interest rate for loans was 7.04%, while their most frequently originated rate bucket for loans was 6-7%, with 58 originations.
Loan Sizing
2023 saw Banc One Mortgage Corporation place emphasis on $400k-600k loans with 48 originations, totaling $24,290,000 in origination value.
Applicant Income
Banc One Mortgage Corporation lent most frequently to those with incomes in the $50k or less range, with 110 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
Banc One Mortgage Corporation lent most frequently to those with DTI ratios of 49%, with 19 originations. The next most common DTI ratio? 50-60%, with 17 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 143 | $66,615,000 | $465,839 | $8,646 | 7.03% |
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 origination90.91%
Banc One Mortgage Corporation has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 143 | $66,615,000 | $465,839 |