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. Their top markets by origination volume include: Washington, Richmond, Baltimore, Harrisburg, and Miami among others. We have data for 19 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 an above 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 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.

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

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    Originations

    558

    Origination Dollar Volume (All Markets)

    $167,510,000

    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) 415 $133,885,000 $322,614 $9,653 4.65%
    RICHMOND, VA (FHA|USDA|VA) 40 $9,060,000 $226,500 $6,352 4.40%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 26 $6,450,000 $248,077 $8,625 4.95%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 31 $5,815,000 $187,581 $7,972 4.59%
    Outside of Metro Areas 10 $2,680,000 $268,000 $7,770 4.90%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,985,000 $661,667 $11,046 5.29%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 7 $1,855,000 $265,000 $12,326 4.39%
    WINCHESTER, VA-WV (FHA|USDA|VA) 6 $1,650,000 $275,000 $8,317 4.73%
    YORK-HANOVER, PA (FHA|USDA|VA) 8 $1,340,000 $167,500 $7,676 4.42%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $500,000 $250,000 $10,947 5.80%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $485,000 $485,000 $14,077 4.75%
    LANCASTER, PA (FHA|USDA|VA) 2 $420,000 $210,000 $11,843 4.94%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $5,116 4.38%
    LEBANON, PA (FHA|USDA|VA) 1 $245,000 $245,000 $12,851 5.63%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $225,000 $225,000 $8,870 5.25%
    ERIE, PA (FHA|USDA|VA) 1 $195,000 $195,000 $12,672 5.13%
    ROANOKE, VA (FHA|USDA|VA) 1 $195,000 $195,000 $7,802 4.75%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,653 4.50%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.75%
    Mortgage One Solutions's top markets include Washington, Richmond, Baltimore, Harrisburg, and Miami among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • District of Columbia (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.

    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 114
    DOMINION ENERGY CREDIT UNION
    Similarity Rank: 165
    The Glen Burnie Mutual Savings Bank
    Similarity Rank: 218
    POINT BREEZE
    Similarity Rank: 270
    Call Federal Credit Union
    Similarity Rank: 372
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 444
    Mid Penn Bank
    Similarity Rank: 528
    APL
    Similarity Rank: 605
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 612
    UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION,INC.
    Similarity Rank: 636

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 363 $110,765,000 $305,138 $10,326 4.52%
    Conventional 189 $55,045,000 $291,243 $6,985 4.93%
    VA 6 $1,700,000 $283,333 $10,293 4.15%

    For 2019, Mortgage One Solutions's most frequently originated type of loan was FHA, with 363 originations. Their 2nd most popular type was Conventional, with 189 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 448 $133,860,000 $298,795 $9,567 4.78%
    Refi 67 $19,205,000 $286,642 $7,479 3.97%
    Cash Out Refi 23 $7,745,000 $336,739 $8,681 4.92%
    Other 20 $6,700,000 $335,000 $8,791 3.91%

    For 2019, Mortgage One Solutions's most frequently cited loan purpose was Home Purchase, with 448 originations. The 2nd most popular reason was Refi, with 67 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 549 $165,445,000 $301,357 $9,306 4.67%
    15 Year 8 $1,720,000 $215,000 $6,014 3.72%
    20 Year 1 $345,000 $345,000 $4,697 4.00%

    For 2019, Mortgage One Solutions's most frequently cited loan duration was 30 Year, with 549 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 305 $92,645,000 $303,754
    $5k+ 90 $31,760,000 $352,889
    $3k-4k 38 $9,350,000 $246,053
    $2k-3k 27 $6,135,000 $227,222
    $4k-5k 19 $4,715,000 $248,158
    $<1k 15 $4,375,000 $291,667

    Mortgage One Solutions's average total fees were $9,306, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 305 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 246 $74,490,000 $302,805
    3-4% 150 $45,360,000 $302,400
    5-6% 128 $37,180,000 $290,469
    7-8% 15 $5,675,000 $378,333
    6-7% 14 $3,620,000 $258,571
    Over 8% 5 $1,185,000 $237,000

    During 2019, Mortgage One Solutions's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 4-5%, with 246 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 375 $109,545,000 $292,120 $9,092 4.59%
    $100k-200k 94 $15,280,000 $162,553 $6,857 4.95%
    $400k-600k 75 $34,975,000 $466,333 $11,994 4.47%
    $600k-1MM 7 $4,675,000 $667,857 $18,132 4.80%
    $100,000 or less 5 $355,000 $71,000 $6,219 5.38%
    $1MM+ 2 $2,680,000 $1,340,000 $22,205 7.81%

    2019 saw Mortgage One Solutions place emphasis on $200k-400k loans with 375 originations, totaling $109,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 196 $53,130,000 $271,071 $8,756 4.65%
    $75k-100k 114 $38,050,000 $333,772 $10,904 4.88%
    $50k or less 88 $17,420,000 $197,955 $6,771 4.59%
    $100k-150k 79 $30,795,000 $389,810 $11,135 4.87%
    $150k-250k 11 $4,385,000 $398,636 $10,886 4.88%
    $250k+ 7 $4,735,000 $676,429 $13,628 6.43%

    Mortgage One Solutions lent most frequently to those with incomes in the $50k-75k range, with 196 originations. The second most popular income band? $75k-100k, with 114 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 135 $43,605,000 $323,000 $11,211 4.69%
    49% 40 $12,230,000 $305,750 $8,865 4.44%
    30-36% 35 $10,005,000 $285,857 $9,402 4.90%
    47% 31 $9,905,000 $319,516 $9,158 4.46%
    41% 29 $8,085,000 $278,793 $7,726 4.58%
    46% 26 $7,600,000 $292,308 $10,295 4.56%
    44% 25 $6,385,000 $255,400 $7,335 4.74%
    48% 24 $7,160,000 $298,333 $9,137 4.95%
    20-30% 23 $6,315,000 $274,565 $8,266 5.43%
    42% 21 $5,875,000 $279,762 $8,086 4.76%
    45% 20 $6,210,000 $310,500 $9,015 4.84%
    43% 18 $5,520,000 $306,667 $8,227 4.58%
    39% 15 $4,105,000 $273,667 $8,766 4.73%
    38% 13 $4,425,000 $340,385 $7,516 4.65%
    36% 13 $3,605,000 $277,308 $8,451 5.26%
    40% 10 $2,410,000 $241,000 $7,978 4.66%
    <20% 8 $2,470,000 $308,750 $8,483 6.37%
    37% 6 $1,650,000 $275,000 $8,451 4.79%
    >60% 3 $955,000 $318,333 $12,051 5.11%

    Mortgage One Solutions lent most frequently to those with DTI ratios of 50-60%, with 135 originations. The next most common DTI ratio? 49%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 392 $115,870,000 $295,587 $9,548 4.70%
    Asian 107 $33,265,000 $310,888 $7,834 4.49%
    Not provided 32 $10,650,000 $332,813 $9,054 4.60%
    Black 26 $7,310,000 $281,154 $10,505 4.71%
    American Indian 1 $415,000 $415,000 $16,055 4.75%

    Approval Rates

    Total approvals of all applications
    94.54%

    Mortgage One Solutions has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.29%

    Mortgage One Solutions has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 558 $167,510,000 $300,197

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 558 $167,510,000 $300,197

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $350,000 $175,000 $8,084 6.04%
    40-60% 10 $1,710,000 $171,000 $4,792 4.68%
    60-80% 65 $18,695,000 $287,615 $7,563 5.30%
    80-100% 467 $142,435,000 $305,000 $9,565 4.56%
    Over 100% 5 $1,715,000 $343,000 $13,900 4.43%
    Under 20% 1 $105,000 $105,000 $3,663 5.00%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    MORTGAGE SOLUTIONS OF COLORADO FHA mortgage Trouble during payment process 1 100.0%