Oneunited Bank Mortgage Rates, Fees & Info

Boston, MA

LEI: 549300T8HS215KI8TH55

Tax ID: 04-2764211

Latest/2022 | 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
  • 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 Refi and Cash Out Refi loans. Oneunited Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, Boston, and Miami among others. We have data for 4 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.

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    Originations

    50

    Origination Dollar Volume (All Markets)

    $23,130,000

    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) 31 $12,715,000 $410,161 $0 0.00%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $4,755,000 $4,755,000 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 11 $4,235,000 $385,000 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $1,425,000 $203,571 $0 0.00%
    Oneunited Bank's top markets include Los Angeles, San Francisco, Boston, and Miami among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 50 $23,130,000 $462,600 $0 0.00%

    For 2020, Oneunited Bank's most frequently originated type of loan was Conventional, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 21 $11,685,000 $556,429 $0 0.00%
    Cash Out Refi 13 $5,435,000 $418,077 $0 0.00%
    Home Improvement 10 $3,300,000 $330,000 $0 0.00%
    Home Purchase 6 $2,710,000 $451,667 $0 0.00%

    For 2020, Oneunited Bank's most frequently cited loan purpose was Refi, with 21 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 50 $23,130,000 $462,600 $0 0.00%

    For 2020, Oneunited Bank's most frequently cited loan duration was Other, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 22 $6,970,000 $316,818 $0 0.00%
    $100k-200k 10 $1,530,000 $153,000 $0 0.00%
    $400k-600k 8 $3,900,000 $487,500 $0 0.00%
    $600k-1MM 5 $3,315,000 $663,000 $0 0.00%
    $1MM+ 3 $7,235,000 $2,411,667 $0 0.00%
    $100,000 or less 2 $180,000 $90,000 $0 0.00%

    2020 saw Oneunited Bank place emphasis on $200k-400k loans with 22 originations, totaling $6,970,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 10 $2,200,000 $220,000 $0 0.00%
    $150k-250k 9 $3,495,000 $388,333 $0 0.00%
    $75k-100k 7 $1,975,000 $282,143 $0 0.00%
    $250k+ 6 $3,260,000 $543,333 $0 0.00%
    $100k-150k 4 $1,070,000 $267,500 $0 0.00%
    $50k or less 3 $385,000 $128,333 $0 0.00%

    Oneunited Bank lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 50 $23,130,000 $462,600 $0 0.00%

    Oneunited Bank lent most frequently to those with DTI ratios of Exempt%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 9 $8,265,000 $918,333 $0 0.00%
    White 17 $7,805,000 $459,118 $0 0.00%
    Black 20 $5,760,000 $288,000 $0 0.00%
    Not provided 4 $1,300,000 $325,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    53.40%

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

    Pick Rate

    Approvals leading to origination
    40.00%

    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 50 $23,130,000 $462,600

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $7,990,000 $1,997,500
    Single Family (1-4 Units):Site-Built 46 $15,140,000 $329,130

    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 $1,900
    Oneunited Bank 2343 Washington Street Boston, MA 2108 Full Service B&M $12,538
    Oneunited Bank 3275 N.W. 79th Street Miami, FL 33147 Full Service B&M $46,838
    Oneunited Bank 3683 Crenshaw Boulevard Los Angeles, CA 90016 Full Service B&M $327,485
    Oneunited Bank 648 Warren Street Dorchester, MA 2121 Full Service B&M $13,466

    For 2020, Oneunited Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,442
    Net interest income $11,616
    Total noninterest income $12,242
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $8,853
    Trading account gains and fees $0
    Additional Noninterest Income $3,389
    Pre-tax net operating income $-844
    Securities gains (or losses, -) $1,095
    Income before extraordinary items $89
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $89
    Minority interest net income $0
    Net income $89
    Sale, conversion, retirement of capital stock, net $-8
    Net operating income $-776

    Oneunited Bank's gross interest income from loans was $21,442,000.
    Oneunited Bank's net interest income from loans was $11,616,000.
    Oneunited Bank's fee based income from loans was $8,853,000.
    Oneunited Bank's net income from loans was $89,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,826
    Provision for credit losses $0
    Total noninterest expense $24,702
    Salaries and employee benefits $9,318
    Premises and equipment expense $2,739
    Additional noninterest expense $12,645
    Applicable income taxes $162
    Net charge-offs $-7
    Cash dividends $0

    Oneunited Bank's interest expense for loans was $9,826,000.
    Oneunited Bank's payroll and benefits expense were $9,318,000.
    Oneunited Bank's property, plant and equipment expenses $2,739,000.

    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 0.0%
    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 5.6%
    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 $408,566
    Deposits held in domestic offices $408,566
    Deposits by Individuals, partnerships, and corporations $292,107
    Deposits by U.S. Government $191
    Deposits by States and political subdivisions in the U.S. $22,680
    Deposits by Commercial banks and other depository institutions in U.S. $93,588
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $124,534
    Demand deposits $79,122
    Nontransaction accounts $284,032
    Money market deposit accounts (MMDAs) $28,535
    Other savings deposits (excluding MMDAs) $82,489
    Total time deposits $173,008
    Total time and savings deposits $329,444
    Noninterest-bearing deposits $79,122
    Interest-bearing deposits $329,444
    Retail deposits $346,154
    IRAs and Keogh plan accounts $1,639
    Brokered deposits $31,524
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $666,667
    Cash & Balances due from depository institutions $132,680
    Interest-bearing balances $129,656
    Total securities $115,923
    Federal funds sold & reverse repurchase $0
    Net loans and leases $390,989
    Loan and leases loss allowance $1,759
    Trading account assets $0
    Bank premises and fixed assets $6,058
    Other real estate owned $0
    Goodwill and other intangibles $114
    All other assets $20,903

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $666,667
    Total Liabilities $622,526
    Total deposits $408,566
    Interest-bearing deposits $329,444
    Deposits held in domestic offices $408,566
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $212,485
    Subordinated debt $0
    All other liabilities $1,475

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $390,989
    Loan and leases loss allowance $1,759
    Total loans and leases (domestic) $392,748
    All real estate loans $388,325
    Real estate loans in domestic offices $388,325
    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 $3,806
    Nonfarm nonresidential secured by owner-occupied properties $3,371
    Commercial real estate & other non-farm, non-residential $435
    Multifamily residential real estate $363,421
    1-4 family residential loans $21,098
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,278
    To non-U.S. addressees $0
    Loans to individuals $3,145
    Credit card loans $1,920
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $1,225
    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 $2,071
    Non 1-4 family restructured loans & leases $1,628
    Total loans and leases (foreign) $0

    OneUnited Bank had $390,989,000 of loans outstanding in 2020. $388,325,000 of loans were in real estate loans. $0 of loans were in development loans. $363,421,000 of loans were in multifamily mortgage loans. $21,098,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $1,920,000 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 9 $2,564 $284,889
    Nonfarm, nonresidential loans - <$100k 1 $68 $68,000
    Nonfarm, nonresidential loans - $100-250k 1 $156 $156,000
    Nonfarm, nonresidential loans - $250k-1MM 7 $2,340 $334,286
    Commercial & Industrial, US addressed loans - <$1MM 62 $1,278 $20,613
    Commercial & Industrial, US addressed loans - <$100k 60 $932 $15,533
    Commercial & Industrial, US addressed loans - $100-250k 2 $346 $173,000