Foundation One Bank Mortgage Rates, Fees & Info
WATERLOO, NELEI: 549300PGUFTU637ZN698
Tax ID: 47-0219890
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Foundation One Bank is a smaller bank specializing in Home Purchase and Refi loans. Foundation One Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Phoenix, Crestview, Lincoln, and Denver among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Foundation One Bank 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
63Origination Dollar Volume (All Markets)
$22,105,000Top 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 |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 51 | $17,185,000 | $336,961 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $1,435,000 | $478,333 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $0 | 0.00% |
| LINCOLN, NE (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 63 | $22,105,000 | $350,873 | $0 | 0.00% |
For 2022, Foundation One Bank's most frequently originated type of loan was Conventional, with 63 originations.
Loan Reason
For 2022, Foundation One Bank's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 63 | $22,105,000 | $350,873 | $0 | 0.00% |
For 2022, Foundation One Bank's most frequently cited loan duration was Other, with 63 originations.
Loan Sizing
2022 saw Foundation One Bank place emphasis on $200k-400k loans with 18 originations, totaling $5,210,000 in origination value.
Applicant Income
Foundation One Bank lent most frequently to those with incomes in the $150k-250k range, with 15 originations. The second most popular income band? $250k+, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 63 | $22,105,000 | $350,873 | $0 | 0.00% |
Foundation One Bank lent most frequently to those with DTI ratios of Exempt%, with 63 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.22%
Foundation One Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.89%
Foundation One Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 63 | $22,105,000 | $350,873 |