Mortgage One Solutions Rates, Fees & Info

Vienna, VA

LEI: 549300SBCJXCPODZN187

Tax ID: 20-2865353

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Mortgage One Solutions is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Mortgage One Solutions has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Harrisburg, Richmond, Baltimore, and Los Angeles among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mortgage One Solutions 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. Mortgage One Solutions 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    456

    Origination Dollar Volume (All Markets)

    $125,850,000

    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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 339 $99,805,000 $294,410 $10,071 5.27%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 32 $5,810,000 $181,563 $8,387 5.20%
    RICHMOND, VA (FHA|USDA|VA) 15 $3,645,000 $243,000 $9,639 5.22%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 12 $2,930,000 $244,167 $10,985 5.28%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $2,550,000 $425,000 $17,211 5.08%
    YORK-HANOVER, PA (FHA|USDA|VA) 8 $1,550,000 $193,750 $8,292 5.03%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $1,400,000 $233,333 $12,225 5.35%
    LANCASTER, PA (FHA|USDA|VA) 4 $1,090,000 $272,500 $8,925 5.25%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $1,020,000 $510,000 $6,738 5.19%
    Outside of Metro Areas 4 $830,000 $207,500 $8,837 4.75%
    WINCHESTER, VA-WV (FHA|USDA|VA) 4 $780,000 $195,000 $9,510 5.28%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $565,000 $188,333 $5,584 4.79%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $510,000 $255,000 $13,210 5.69%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $505,000 $168,333 $7,538 5.21%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $445,000 $148,333 $9,928 5.15%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $330,000 $165,000 $5,793 5.38%
    Selinsgrove, PA (FHA|USDA|VA) 1 $295,000 $295,000 $10,897 5.63%
    LEBANON, PA (FHA|USDA|VA) 2 $260,000 $130,000 $5,873 5.06%
    Torrington, CT (FHA|USDA|VA) 1 $245,000 $245,000 $14,462 5.25%
    Easton, MD (FHA|USDA|VA) 1 $245,000 $245,000 $9,456 5.63%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $215,000 $215,000 $8,254 5.50%
    ROANOKE, VA (FHA|USDA|VA) 1 $205,000 $205,000 $9,438 7.50%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $205,000 $205,000 $5,578 5.00%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $185,000 $185,000 $11,976 5.63%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $6,232 5.13%
    ERIE, PA (FHA|USDA|VA) 1 $85,000 $85,000 $6,554 5.50%
    Mortgage One Solutions's top markets include Washington, Harrisburg, Richmond, Baltimore, and Los Angeles among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Mortgage One Solutions based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    APL
    Similarity Rank: 32
    The Glen Burnie Mutual Savings Bank
    Similarity Rank: 54
    DOMINION ENERGY CREDIT UNION
    Similarity Rank: 108
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 126
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 126
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 228
    POINT BREEZE
    Similarity Rank: 252
    Bank of Clarke County
    Similarity Rank: 320
    HOWARD HANNA FINANCIAL SERVICES, INC.
    Similarity Rank: 360
    LIBRARY OF CONGRESS
    Similarity Rank: 448

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 276 $76,860,000 $278,478 $11,758 5.25%
    Conventional 174 $47,590,000 $273,506 $6,869 5.27%
    VA 4 $1,080,000 $270,000 $12,285 5.13%
    USDA 2 $320,000 $160,000 $7,271 4.69%

    For 2018, Mortgage One Solutions's most frequently originated type of loan was FHA, with 276 originations. Their 2nd most popular type was Conventional, with 174 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 416 $115,530,000 $277,716 $10,228 5.28%
    Cash Out Refi 25 $6,265,000 $250,600 $7,566 5.23%
    Refi 15 $4,055,000 $270,333 $5,592 4.54%

    For 2018, Mortgage One Solutions's most frequently cited loan purpose was Home Purchase, with 416 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 454 $125,510,000 $276,454 $9,943 5.26%
    15 Year 2 $340,000 $170,000 $5,790 4.56%

    For 2018, Mortgage One Solutions's most frequently cited loan duration was 30 Year, with 454 originations. The 2nd most popular length was 15 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 240 $65,290,000 $272,042
    $5k+ 101 $32,975,000 $326,485
    $4k-5k 36 $8,780,000 $243,889
    $2k-3k 33 $7,255,000 $219,848
    $3k-4k 30 $6,840,000 $228,000
    $<1k 4 $990,000 $247,500

    Mortgage One Solutions's average total fees were $9,943, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 240 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 271 $75,055,000 $276,956
    4-5% 159 $44,505,000 $279,906
    6-7% 10 $2,450,000 $245,000
    7-8% 10 $2,350,000 $235,000
    3-4% 4 $1,030,000 $257,500
    Over 8% 2 $460,000 $230,000

    During 2018, Mortgage One Solutions's average interest rate for loans was 5.26%, while their most frequently originated rate bucket for loans was 5-6%, with 271 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 306 $86,530,000 $282,778 $9,785 5.24%
    $100k-200k 96 $15,480,000 $161,250 $7,256 5.33%
    $400k-600k 45 $21,195,000 $471,000 $16,787 5.20%
    $100,000 or less 6 $450,000 $75,000 $5,463 5.35%
    $600k-1MM 3 $2,195,000 $731,667 $17,390 5.25%

    2018 saw Mortgage One Solutions place emphasis on $200k-400k loans with 306 originations, totaling $86,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 192 $48,570,000 $252,969 $9,185 5.27%
    $75k-100k 98 $31,430,000 $320,714 $11,250 5.26%
    $50k or less 79 $13,425,000 $169,937 $7,254 5.29%
    $100k-150k 61 $22,495,000 $368,770 $12,647 5.15%
    $150k-250k 16 $6,330,000 $395,625 $15,144 5.27%
    $250k+ 3 $1,425,000 $475,000 $8,168 5.84%

    Mortgage One Solutions lent most frequently to those with incomes in the $50k-75k range, with 192 originations. The second most popular income band? $75k-100k, with 98 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 146 $42,560,000 $291,507 $11,797 5.31%
    30-36% 40 $10,890,000 $272,250 $9,799 5.24%
    49% 38 $10,900,000 $286,842 $9,003 5.03%
    20-30% 24 $5,500,000 $229,167 $7,969 5.26%
    44% 21 $5,135,000 $244,524 $8,111 5.21%
    47% 21 $5,765,000 $274,524 $9,807 5.23%
    42% 20 $4,710,000 $235,500 $8,085 5.47%
    46% 19 $5,335,000 $280,789 $9,955 5.13%
    48% 18 $5,200,000 $288,889 $10,545 5.04%
    43% 17 $4,785,000 $281,471 $8,899 5.53%
    45% 16 $4,250,000 $265,625 $8,295 5.19%
    38% 12 $3,320,000 $276,667 $9,448 5.26%
    41% 11 $2,945,000 $267,727 $7,055 5.28%
    >60% 9 $2,405,000 $267,222 $10,983 5.33%
    36% 9 $2,115,000 $235,000 $6,177 5.08%
    37% 9 $2,585,000 $287,222 $10,780 5.15%
    39% 8 $2,030,000 $253,750 $9,952 5.58%
    40% 6 $1,660,000 $276,667 $10,435 5.23%
    <20% 5 $1,585,000 $317,000 $7,526 5.51%

    Mortgage One Solutions lent most frequently to those with DTI ratios of 50-60%, with 146 originations. The next most common DTI ratio? 30-36%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 336 $88,400,000 $263,095 $9,416 5.30%
    Asian 79 $26,385,000 $333,987 $11,432 5.05%
    Black 33 $8,645,000 $261,970 $11,521 5.33%
    Not provided 5 $1,125,000 $225,000 $8,132 4.93%
    American Indian 2 $710,000 $355,000 $14,504 4.81%
    Korean 1 $585,000 $585,000 $0 7.15%

    Approval Rates

    Total approvals of all applications
    93.44%

    Mortgage One Solutions has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.94%

    Mortgage One Solutions has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 456 $125,850,000 $275,987

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 456 $125,850,000 $275,987

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $515,000 $171,667 $4,380 4.96%
    40-60% 14 $3,170,000 $226,429 $8,959 5.38%
    60-80% 59 $15,845,000 $268,559 $7,248 5.41%
    80-100% 377 $105,345,000 $279,430 $10,365 5.23%
    Over 100% 3 $975,000 $325,000 $16,801 5.32%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    MORTGAGE SOLUTIONS OF COLORADO Conventional home mortgage Trouble during payment process 2 33.3%
    MORTGAGE SOLUTIONS OF COLORADO VA mortgage Closing on a mortgage 1 16.7%
    MORTGAGE SOLUTIONS OF COLORADO VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    MORTGAGE SOLUTIONS OF COLORADO FHA mortgage Struggling to pay mortgage 1 16.7%
    MORTGAGE SOLUTIONS OF COLORADO FHA mortgage Closing on a mortgage 1 16.7%