Skyone Federal Credit Union Mortgage Rates, Fees & Info
Hawthorne, CALEI: 549300V3N91EH05UWL23
Tax ID: 95-1659710
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Mortgage Data
Review & Overview
Skyone Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Skyone Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, Chicago, Riverside, and Olympia among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)Skyone Federal Credit Union 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.
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Originations
72Origination Dollar Volume (All Markets)
$14,720,000Top 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) | 18 | $5,720,000 | $317,778 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,415,000 | $471,667 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $635,000 | $635,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $495,000 | $99,000 | $0 | 0.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| Tifton, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 0.00% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against SKYONE Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 70 | $14,090,000 | $201,286 | $0 | 0.00% |
| VA | 2 | $630,000 | $315,000 | $0 | 0.00% |
For 2023, Skyone Federal Credit Union's most frequently originated type of loan was Conventional, with 70 originations. Their 2nd most popular type was VA, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 50 | $6,110,000 | $122,200 | $0 | 0.00% |
| Home Purchase | 16 | $4,800,000 | $300,000 | $0 | 0.00% |
| Refi | 6 | $3,810,000 | $635,000 | $0 | 0.00% |
For 2023, Skyone Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 50 originations. The 2nd most popular reason was Home Purchase, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 72 | $14,720,000 | $204,444 | $0 | 0.00% |
For 2023, Skyone Federal Credit Union's most frequently cited loan duration was Other, with 72 originations.
Loan Sizing
2023 saw Skyone Federal Credit Union place emphasis on $100,000 or less loans with 35 originations, totaling $1,805,000 in origination value.
Applicant Income
Skyone Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $150k-250k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 72 | $14,720,000 | $204,444 | $0 | 0.00% |
Skyone Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 72 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.30%
Skyone Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination61.11%
Skyone Federal Credit Union 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 | 72 | $14,720,000 | $204,444 |