Oneunited Bank Mortgage Rates, Fees & Info

Boston, MA

LEI: 549300T8HS215KI8TH55

Tax ID: 04-2764211

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Mortgage Data

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

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Oneunited Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Oneunited Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Diego, and Miami among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Oneunited Bank 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.

    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

    19

    Origination Dollar Volume (All Markets)

    $12,925,000

    Employee count

    113

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 15 $9,035,000 $602,333 $0 0.00%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $3,535,000 $1,178,333 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    Oneunited Bank's top markets include Los Angeles, San Diego, and Miami among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 19 $12,925,000 $680,263 $0 0.00%

    For 2018, Oneunited Bank's most frequently originated type of loan was Conventional, with 19 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 7 $7,205,000 $1,029,286 $0 0.00%
    Home Improvement 5 $1,645,000 $329,000 $0 0.00%
    Cash Out Refi 5 $3,325,000 $665,000 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%
    Refi 1 $725,000 $725,000 $0 0.00%

    For 2018, Oneunited Bank's most frequently cited loan purpose was Home Purchase, with 7 originations. The 2nd most popular reason was Home Improvement, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 19 $12,925,000 $680,263 $0 0.00%

    For 2018, Oneunited Bank's most frequently cited loan duration was Other, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 6 $3,030,000 $505,000 $0 0.00%
    $600k-1MM 5 $3,695,000 $739,000 $0 0.00%
    $1MM+ 4 $5,540,000 $1,385,000 $0 0.00%
    $100k-200k 2 $280,000 $140,000 $0 0.00%
    $100,000 or less 1 $25,000 $25,000 $0 0.00%
    $200k-400k 1 $355,000 $355,000 $0 0.00%

    2018 saw Oneunited Bank place emphasis on $400k-600k loans with 6 originations, totaling $3,030,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 2 $630,000 $315,000 $0 0.00%
    $100k-150k 1 $405,000 $405,000 $0 0.00%
    $150k-250k 1 $355,000 $355,000 $0 0.00%
    $50k-75k 1 $105,000 $105,000 $0 0.00%
    $50k or less 1 $25,000 $25,000 $0 0.00%

    Oneunited Bank lent most frequently to those with incomes in the $75k-100k range, with 2 originations. The second most popular income band? $100k-150k, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 19 $12,925,000 $680,263 $0 0.00%

    Oneunited Bank lent most frequently to those with DTI ratios of Exempt%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 11 $10,245,000 $931,364 $0 0.00%
    Black 4 $1,240,000 $310,000 $0 0.00%
    Asian 2 $1,160,000 $580,000 $0 0.00%
    White 2 $280,000 $140,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.87%

    Oneunited Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.21%

    Oneunited Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 19 $12,925,000 $680,263

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $11,405,000 $877,308
    Single Family (1-4 Units):Site-Built 6 $1,520,000 $253,333

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    OneUnited Bank 100 Franklin St Boston, MA 2110 Full Service B&M $2,549
    OneUnited Bank 205 E. Compton Boulevard Compton, CA 90220 Full Service B&M $24,630
    OneUnited Bank 2343 Washington Street Boston, MA 2108 Full Service B&M $11,167
    OneUnited Bank 3275 N.W. 79th Street Miami, FL 33147 Full Service B&M $53,515
    OneUnited Bank 3683 Crenshaw Boulevard Los Angeles, CA 90016 Full Service B&M $269,389
    OneUnited Bank 648 Warren Street Dorchester, MA 2121 Full Service B&M $13,069

    For 2018, Oneunited Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,734
    Net interest income $13,480
    Total noninterest income $5,780
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,888
    Trading account gains and fees $0
    Additional Noninterest Income $1,892
    Pre-tax net operating income $-2,042
    Securities gains (or losses, -) $2,479
    Income before extraordinary items $510
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $510
    Minority interest net income $0
    Net income $510
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-1,969

    Oneunited Bank's gross interest income from loans was $24,734,000.
    Oneunited Bank's net interest income from loans was $13,480,000.
    Oneunited Bank's fee based income from loans was $3,888,000.
    Oneunited Bank's net income from loans was $510,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $11,254
    Provision for credit losses $-218
    Total noninterest expense $21,520
    Salaries and employee benefits $9,949
    Premises and equipment expense $2,810
    Additional noninterest expense $8,761
    Applicable income taxes $-73
    Net charge-offs $-148
    Cash dividends $0

    Oneunited Bank's interest expense for loans was $11,254,000.
    Oneunited Bank's payroll and benefits expense were $9,949,000.
    Oneunited Bank's property, plant and equipment expenses $2,810,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 43.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 3.0%
    Credit card loans 4.9%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $375,805
    Deposits held in domestic offices $375,805
    Deposits by Individuals, partnerships, and corporations $197,967
    Deposits by U.S. Government $185
    Deposits by States and political subdivisions in the U.S. $30,977
    Deposits by Commercial banks and other depository institutions in U.S. $146,676
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $82,521
    Demand deposits $37,373
    Nontransaction accounts $293,284
    Money market deposit accounts (MMDAs) $28,654
    Other savings deposits (excluding MMDAs) $41,639
    Total time deposits $222,990
    Total time and savings deposits $338,432
    Noninterest-bearing deposits $36,923
    Interest-bearing deposits $338,882
    Retail deposits $334,741
    IRAs and Keogh plan accounts $2,125
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $656,198
    Cash & Balances due from depository institutions $28,322
    Interest-bearing balances $24,770
    Total securities $105,105
    Federal funds sold & reverse repurchase $0
    Net loans and leases $492,036
    Loan and leases loss allowance $1,624
    Trading account assets $0
    Bank premises and fixed assets $5,864
    Other real estate owned $0
    Goodwill and other intangibles $30
    All other assets $24,841

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $656,198
    Total Liabilities $613,834
    Total deposits $375,805
    Interest-bearing deposits $338,882
    Deposits held in domestic offices $375,805
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $235,559
    Subordinated debt $0
    All other liabilities $2,470

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $492,036
    Loan and leases loss allowance $1,624
    Total loans and leases (domestic) $493,660
    All real estate loans $491,075
    Real estate loans in domestic offices $491,075
    Construction and development loans $0
    Residential 1-4 family construction $0
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $8,561
    Nonfarm nonresidential secured by owner-occupied properties $3,335
    Commercial real estate & other non-farm, non-residential $5,226
    Multifamily residential real estate $449,921
    1-4 family residential loans $32,593
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $31
    To non-U.S. addressees $0
    Loans to individuals $2,553
    Credit card loans $2,077
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $476
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,133
    Non 1-4 family restructured loans & leases $2,052
    Total loans and leases (foreign) $0

    OneUnited Bank had $492,036,000 of loans outstanding in 2018. $491,075,000 of loans were in real estate loans. $0 of loans were in development loans. $449,921,000 of loans were in multifamily mortgage loans. $32,593,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $2,077,000 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 12 $3,564 $297,000
    Nonfarm, nonresidential loans - <$100k 1 $73 $73,000
    Nonfarm, nonresidential loans - $100-250k 1 $171 $171,000
    Nonfarm, nonresidential loans - $250k-1MM 10 $3,320 $332,000
    Commercial & Industrial, US addressed loans - <$1MM 2 $31 $15,500
    Commercial & Industrial, US addressed loans - $100-250k 2 $31 $15,500