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 and Cash Out Refi loans. Banc One Mortgage Corporation has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, Bakersfield, Oxnard, and Visalia among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Banc One Mortgage Corporation 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. 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 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 | 6.28% | 4/21/24 |
| 30 Year Conventional Refi | 6.27% | 4/21/24 |
| 30 Year Cash-out Refi | 6.28% | 4/21/24 |
| 30 Year FHA Purchase | 6.28% | 4/21/24 |
| 30 Year FHA Refi | 6.27% | 4/21/24 |
| 30 Year VA Purchase | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 5.68% | 4/21/24 |
| 15 Year Conventional Refi | 5.69% | 4/21/24 |
| 15 Year Cash-out Refi | 5.69% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
112Origination Dollar Volume (All Markets)
$40,220,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 65 | $25,405,000 | $390,846 | $10,184 | 4.97% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 25 | $7,415,000 | $296,600 | $9,158 | 4.89% |
| Outside of Metro Areas | 8 | $3,380,000 | $422,500 | $11,558 | 5.22% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 6 | $1,380,000 | $230,000 | $9,167 | 5.15% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $13,407 | 4.75% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $8,231 | 4.75% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $11,156 | 5.13% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,299 | 5.50% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,677 | 5.00% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 64 | $23,170,000 | $362,031 | $7,831 | 5.23% |
| FHA | 48 | $17,050,000 | $355,208 | $12,785 | 4.65% |
For 2018, Banc One Mortgage Corporation's most frequently originated type of loan was Conventional, with 64 originations. Their 2nd most popular type was FHA, with 48 originations.
Loan Reason
For 2018, Banc One Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.
Loan Duration/Length
For 2018, Banc One Mortgage Corporation's most frequently cited loan duration was 30 Year, with 110 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
Banc One Mortgage Corporation's average total fees were $10,036, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 42 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 60 | $21,940,000 | $365,667 |
| 5-6% | 39 | $12,485,000 | $320,128 |
| 3-4% | 9 | $3,525,000 | $391,667 |
| 6-7% | 4 | $2,270,000 | $567,500 |
During 2018, Banc One Mortgage Corporation's average interest rate for loans was 4.99%, while their most frequently originated rate bucket for loans was 4-5%, with 60 originations.
Loan Sizing
2018 saw Banc One Mortgage Corporation place emphasis on $200k-400k loans with 64 originations, totaling $18,740,000 in origination value.
Applicant Income
Banc One Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 29 originations. The second most popular income band? $75k-100k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 2 | $490,000 | $245,000 | $9,460 | 5.44% |
Banc One Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.12%
Banc One Mortgage Corporation has a below average approval rate.
Pick Rate
Approvals leading to origination83.04%
Banc One Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 112 | $40,220,000 | $359,107 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 112 | $40,220,000 | $359,107 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 40-60% | 1 | $225,000 | $225,000 | $10,131 | 5.25% |
| 60-80% | 1 | $265,000 | $265,000 | $8,788 | 5.63% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANKUNITED, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 14.3% |
| BANKUNITED, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 4 | 57.1% |
| BANKUNITED, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 14.3% |
| BANKUNITED, NATIONAL ASSOCIATION | Other type of mortgage | Closing on a mortgage | 1 | 14.3% |