One Nevada Credit Union Mortgage Rates, Fees & Info

Las Vegas, NV

LEI: 549300PMVNBERP6TB157

Tax ID: 88-0063564

5 stars - out of 5 stars, based on 38 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

One Nevada Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. One Nevada Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Las Vegas, Reno, Pahrump, Los Angeles, and Albuquerque among others. One Nevada Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. One Nevada Credit Union is typically a low fee lendor.


Originations

1,459

Origination Dollar Volume (All Markets)

$365,935,000
Show all (12) awards

Relative Rate

One Nevada Credit Union's average 30 year fixed rate mortgage of loans were 2.94%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.21%.

Relative Fees

One Nevada Credit Union's average total fees for a 30 year fixed rate mortgage are $2,712.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1,313 $324,035,000 $246,790 $2,490 2.88%
RENO, NV (FHA|USDA|VA) 100 $29,470,000 $294,700 $2,724 2.83%
Pahrump, NV (FHA|USDA|VA) 17 $2,835,000 $166,765 $2,301 3.24%
Outside of Metro Areas 4 $1,490,000 $372,500 $3,081 2.63%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $920,000 $460,000 $3,459 2.50%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $750,000 $375,000 $4,266 2.63%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $605,000 $605,000 $4,933 3.25%
Cedar City, UT (FHA|USDA|VA) 2 $580,000 $290,000 $1,933 2.19%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $545,000 $545,000 $3,629 3.13%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $535,000 $535,000 $2,037 2.25%
Fallon, NV (FHA|USDA|VA) 2 $520,000 $260,000 $2,149 2.81%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $510,000 $255,000 $2,844 2.88%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $425,000 $425,000 $3,951 2.88%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $385,000 $385,000 $2,086 2.63%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $370,000 $185,000 $2,132 3.00%
LOGAN, UT-ID (FHA|USDA|VA) 1 $345,000 $345,000 $14,808 2.25%
Crossville, TN (FHA|USDA|VA) 1 $345,000 $345,000 $3,067 2.38%
Fernley, NV (FHA|USDA|VA) 1 $275,000 $275,000 $3,588 3.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $265,000 $265,000 $3,106 2.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,786 3.38%
CORVALLIS, OR (FHA|USDA|VA) 1 $195,000 $195,000 $3,487 3.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,631 4.13%
LAS CRUCES, NM (FHA|USDA|VA) 1 $145,000 $145,000 $1,668 3.13%

One Nevada Credit Union's top markets include Las Vegas, Reno, Pahrump, Los Angeles, and Albuquerque among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,367 $335,985,000 $245,783 $2,323 2.91%
VA 59 $20,835,000 $353,136 $4,236 2.38%
FHA 33 $9,115,000 $276,212 $7,542 2.58%

For the 2021 period, One Nevada Credit Union's most frequently originated loan type of loans were Conventional, with 1,367 originations. Their 2nd most popular type is VA, with 59 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 724 $172,610,000 $238,412 $2,141 2.70%
Cash Out Refi 488 $126,120,000 $258,443 $2,539 2.97%
Home Purchase 199 $64,685,000 $325,050 $4,095 2.90%
Home Improvement 26 $1,490,000 $57,308 $83 4.51%
Other 22 $1,030,000 $46,818 $220 4.84%

For the 2021, One Nevada Credit Union's most frequently cited loan purpose of loans were Refi, with 724 originations. The 2nd most popular reason of loans were Cash Out Refi, with 488 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,062 $291,370,000 $274,360 $2,712 2.94%
15 Year 322 $60,380,000 $187,516 $2,047 2.61%
20 Year 48 $11,390,000 $237,292 $2,012 2.74%
10 Year 18 $2,120,000 $117,778 $1,509 3.21%
5 Year 5 $185,000 $37,000 $0 5.70%
Other 4 $490,000 $122,500 $897 4.44%

For the 2021, One Nevada Credit Union's most frequently cited loan length of loans were 30 Year, with 1,062 originations. The 2nd most popular length of loans were 15 Year, with 322 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,103 $270,705,000 $245,426
$1k-2k 236 $64,200,000 $272,034
$2k-3k 53 $16,705,000 $315,189
$3k-4k 27 $8,775,000 $325,000
$5k+ 11 $3,965,000 $360,455

$2,712 of loans were One Nevada Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,103 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 711 $183,485,000 $258,066
3-4% 368 $96,740,000 $262,880
<2.5% 343 $79,995,000 $233,222
4-5% 18 $4,780,000 $265,556
5-6% 16 $810,000 $50,625
6-7% 3 $125,000 $41,667

During 2021, One Nevada Credit Union's average interest rate of loans were 2.94%, while their most frequently originated rate bucket of loans were 2.5-3%, with 711 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 785 $220,455,000 $280,834 $2,768 2.87%
$100k-200k 437 $69,035,000 $157,975 $1,938 2.74%
$400k-600k 147 $68,375,000 $465,136 $3,401 2.87%
$100,000 or less 87 $5,765,000 $66,264 $1,284 3.72%
$600k-1MM 2 $1,250,000 $625,000 $4,856 2.81%
$1MM+ 1 $1,055,000 $1,055,000 $3,972 3.50%

2021 saw One Nevada Credit Union place emphasis on $200k-400k loans with 785 originations, totaling $220,455,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 357 $79,475,000 $222,619 $2,561 2.83%
$75k-100k 307 $77,045,000 $250,961 $2,576 2.93%
$100k-150k 305 $89,775,000 $294,344 $2,523 2.93%
$50k or less 274 $49,970,000 $182,372 $2,261 2.85%
$150k-250k 145 $45,895,000 $316,517 $2,682 2.91%
$250k+ 46 $15,260,000 $331,739 $2,830 3.03%

One Nevada Credit Union lent most frequently to those with incomes in the $50k-75k range, with 357 originations. The second most popular income band? $75k-100k, with 307 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 382 $93,120,000 $243,770 $2,320 2.83%
30-36% 275 $66,685,000 $242,491 $2,382 2.98%
<20% 217 $51,385,000 $236,797 $2,285 2.70%
44% 59 $16,045,000 $271,949 $2,565 2.84%
39% 55 $13,655,000 $248,273 $2,240 3.10%
42% 54 $13,950,000 $258,333 $2,790 2.94%
36% 52 $13,780,000 $265,000 $3,194 2.91%
43% 48 $13,510,000 $281,458 $2,696 3.06%
37% 44 $11,740,000 $266,818 $2,576 2.86%
41% 43 $11,605,000 $269,884 $2,967 3.02%
40% 40 $9,780,000 $244,500 $2,760 2.93%
38% 39 $9,275,000 $237,821 $2,500 3.06%
46% 34 $8,710,000 $256,176 $2,846 2.81%
47% 32 $9,290,000 $290,313 $2,188 2.92%
49% 30 $8,320,000 $277,333 $2,944 2.94%
45% 23 $5,635,000 $245,000 $2,579 2.83%
48% 21 $5,815,000 $276,905 $3,071 2.86%
50-60% 11 $3,635,000 $330,455 $8,360 2.66%

One Nevada Credit Union lent most frequently to those with DTI ratios of 20-30%, with 382 originations. The next most common DTI ratio? 30-36%, with 275 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 968 $244,230,000 $252,304 $2,507 2.88%
Asian 189 $48,295,000 $255,529 $2,421 2.80%
Not provided 146 $34,710,000 $237,740 $2,499 2.96%
Black 130 $31,310,000 $240,846 $2,710 2.87%
American Indian 13 $3,865,000 $297,308 $3,535 2.86%
Native Hawaiian 13 $3,525,000 $271,154 $2,610 3.23%

Approval Rates

Total approvals of all applications
82.52%

One Nevada Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
81.43%

One Nevada Credit Union has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,459 $365,935,000 $250,812

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,459 $365,935,000 $250,812

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 157 $22,245,000 $141,688 $1,913 2.67%
40-60% 409 $87,625,000 $214,242 $2,091 2.69%
60-80% 601 $172,995,000 $287,845 $2,510 2.96%
80-100% 241 $79,545,000 $330,062 $3,705 2.82%
Over 100% 3 $1,035,000 $345,000 $15,068 2.25%
Under 20% 48 $2,490,000 $51,875 $481 4.51%