Oneunited Bank Mortgage Rates, Fees & Info

Boston, MA

LEI: 549300T8HS215KI8TH55

Tax ID: 04-2764211

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

Jump to:

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 Cash Out Refi and Home Purchase loans. Oneunited Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Miami, and San Diego 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 a below 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

    35

    Origination Dollar Volume (All Markets)

    $42,885,000

    Employee count

    94

    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) 28 $33,050,000 $1,180,357 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $6,585,000 $1,317,000 $0 0.00%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $3,250,000 $1,625,000 $0 0.00%
    Oneunited Bank's top markets include Los Angeles, Miami, and San Diego 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 35 $42,885,000 $1,225,286 $0 0.00%

    For 2019, Oneunited Bank's most frequently originated type of loan was Conventional, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 20 $22,970,000 $1,148,500 $0 0.00%
    Home Purchase 10 $14,760,000 $1,476,000 $0 0.00%
    Home Improvement 2 $680,000 $340,000 $0 0.00%
    Refi 2 $1,470,000 $735,000 $0 0.00%
    Other 1 $3,005,000 $3,005,000 $0 0.00%

    For 2019, Oneunited Bank's most frequently cited loan purpose was Cash Out Refi, with 20 originations. The 2nd most popular reason was Home Purchase, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 35 $42,885,000 $1,225,286 $0 0.00%

    For 2019, Oneunited Bank's most frequently cited loan duration was Other, with 35 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 17 $33,225,000 $1,954,412 $0 0.00%
    $600k-1MM 7 $5,755,000 $822,143 $0 0.00%
    $400k-600k 5 $2,435,000 $487,000 $0 0.00%
    $200k-400k 4 $1,280,000 $320,000 $0 0.00%
    $100,000 or less 1 $45,000 $45,000 $0 0.00%
    $100k-200k 1 $145,000 $145,000 $0 0.00%

    2019 saw Oneunited Bank place emphasis on $1MM+ loans with 17 originations, totaling $33,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 4 $720,000 $180,000 $0 0.00%
    $150k-250k 1 $395,000 $395,000 $0 0.00%
    $50k or less 1 $355,000 $355,000 $0 0.00%
    $75k-100k 1 $445,000 $445,000 $0 0.00%

    Oneunited Bank lent most frequently to those with incomes in the $50k-75k range, with 4 originations. The second most popular income band? $150k-250k, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 35 $42,885,000 $1,225,286 $0 0.00%

    Oneunited Bank lent most frequently to those with DTI ratios of Exempt%, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 25 $37,785,000 $1,511,400 $0 0.00%
    Black 6 $1,770,000 $295,000 $0 0.00%
    Asian 1 $1,705,000 $1,705,000 $0 0.00%
    American Indian 1 $935,000 $935,000 $0 0.00%
    White 2 $690,000 $345,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    59.09%

    Oneunited Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    65.71%

    Oneunited Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 35 $42,885,000 $1,225,286

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 28 $40,970,000 $1,463,214
    Single Family (1-4 Units):Site-Built 7 $1,915,000 $273,571

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    OneUnited Bank 100 Franklin St, Suite 600 Boston, MA 2110 Full Service B&M $1,809
    OneUnited Bank 205 E. Compton Boulevard Compton, CA 90220 Full Service B&M $24,849
    OneUnited Bank 2343 Washington Street Boston, MA 2108 Full Service B&M $11,125
    OneUnited Bank 3275 N.W. 79th Street Miami, FL 33147 Full Service B&M $53,113
    OneUnited Bank 3683 Crenshaw Boulevard Los Angeles, CA 90016 Full Service B&M $279,845
    OneUnited Bank 648 Warren Street Dorchester, MA 2121 Full Service B&M $12,604

    For 2019, Oneunited Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,525
    Net interest income $11,325
    Total noninterest income $7,336
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $5,398
    Trading account gains and fees $0
    Additional Noninterest Income $1,938
    Pre-tax net operating income $-3,961
    Securities gains (or losses, -) $2,771
    Income before extraordinary items $-630
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-630
    Minority interest net income $0
    Net income $-630
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-2,819

    Oneunited Bank's gross interest income from loans was $24,525,000.
    Oneunited Bank's net interest income from loans was $11,325,000.
    Oneunited Bank's fee based income from loans was $5,398,000.
    Oneunited Bank's net income from loans was $-630,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $13,200
    Provision for credit losses $9
    Total noninterest expense $22,613
    Salaries and employee benefits $9,941
    Premises and equipment expense $2,802
    Additional noninterest expense $9,870
    Applicable income taxes $-560
    Net charge-offs $-120
    Cash dividends $0

    Oneunited Bank's interest expense for loans was $13,200,000.
    Oneunited Bank's payroll and benefits expense were $9,941,000.
    Oneunited Bank's property, plant and equipment expenses $2,802,000.

    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 51.0%
    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 6.0%
    Credit card loans 8.0%
    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 $370,492
    Deposits held in domestic offices $370,492
    Deposits by Individuals, partnerships, and corporations $191,610
    Deposits by U.S. Government $118
    Deposits by States and political subdivisions in the U.S. $25,793
    Deposits by Commercial banks and other depository institutions in U.S. $152,971
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $84,371
    Demand deposits $41,543
    Nontransaction accounts $286,121
    Money market deposit accounts (MMDAs) $24,645
    Other savings deposits (excluding MMDAs) $45,094
    Total time deposits $216,381
    Total time and savings deposits $328,949
    Noninterest-bearing deposits $41,543
    Interest-bearing deposits $328,949
    Retail deposits $336,068
    IRAs and Keogh plan accounts $1,825
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $653,951
    Cash & Balances due from depository institutions $41,179
    Interest-bearing balances $38,097
    Total securities $96,377
    Federal funds sold & reverse repurchase $0
    Net loans and leases $486,605
    Loan and leases loss allowance $1,752
    Trading account assets $0
    Bank premises and fixed assets $5,846
    Other real estate owned $0
    Goodwill and other intangibles $31
    All other assets $23,913

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $653,951
    Total Liabilities $609,872
    Total deposits $370,492
    Interest-bearing deposits $328,949
    Deposits held in domestic offices $370,492
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $237,022
    Subordinated debt $0
    All other liabilities $2,358

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $486,605
    Loan and leases loss allowance $1,752
    Total loans and leases (domestic) $488,357
    All real estate loans $485,912
    Real estate loans in domestic offices $485,912
    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 $7,228
    Nonfarm nonresidential secured by owner-occupied properties $3,087
    Commercial real estate & other non-farm, non-residential $4,141
    Multifamily residential real estate $450,871
    1-4 family residential loans $27,813
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $120
    To non-U.S. addressees $0
    Loans to individuals $2,325
    Credit card loans $1,823
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $502
    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 $120
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,103
    Non 1-4 family restructured loans & leases $1,258
    Total loans and leases (foreign) $0

    OneUnited Bank had $486,605,000 of loans outstanding in 2019. $485,912,000 of loans were in real estate loans. $0 of loans were in development loans. $450,871,000 of loans were in multifamily mortgage loans. $27,813,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $1,823,000 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 8 $2,282 $285,250
    Nonfarm, nonresidential loans - <$100k 1 $71 $71,000
    Nonfarm, nonresidential loans - $100-250k 1 $164 $164,000
    Nonfarm, nonresidential loans - $250k-1MM 6 $2,047 $341,167
    Commercial & Industrial, US addressed loans - <$1MM 1 $120 $120,000
    Commercial & Industrial, US addressed loans - $100-250k 1 $120 $120,000