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 and Home Purchase loans. Skyone Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Los Angeles, Riverside, Denver, and Chicago among others. We have data for 32 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. Skyone Federal Credit Union is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.94% | 4/20/25 |
| 30 Year Conventional Refi | 6.72% | 4/20/25 |
| 30 Year Cash-out Refi | 6.18% | 4/20/25 |
| 30 Year VA Purchase | 6.15% | 4/20/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Skyone Federal Credit Union Mortgage Calculator
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This is not an official calculator from Skyone Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
59Origination Dollar Volume (All Markets)
$12,135,000Awards
SKYONE Federal Credit Union - 2024
SKYONE Federal Credit Union is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Skyone Federal Credit Union's average 30 year fixed mortgage rate was
6.41%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.14%.
Relative Fees (Closing Costs)
Skyone Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,592.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $2,075,000 | $415,000 | $4,605 | 8.22% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 13 | $2,045,000 | $157,308 | $1,898 | 8.22% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $4,892 | 7.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $2,778 | 7.58% |
| Outside of Metro Areas | 2 | $650,000 | $325,000 | $4,615 | 7.06% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $8,194 | 5.88% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $19,034 | 5.13% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $6,463 | 6.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,095 | 7.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $13,892 | 6.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,143 | 5.50% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,968 | 5.63% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $643 | 9.57% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $413 | 9.91% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $153 | 9.49% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,492 | 6.38% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $325 | 10.24% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,445 | 6.63% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,114 | 6.63% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,994 | 6.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.74% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $780 | 10.24% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $355 | 9.49% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,741 | 6.88% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $355 | 9.74% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.74% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,078 | 6.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $330 | 10.24% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $415 | 9.49% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 10.24% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.74% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $305 | 9.74% |
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 | 57 | $11,465,000 | $201,140 | $2,978 | 8.24% |
| VA | 2 | $670,000 | $335,000 | $3,044 | 6.13% |
For 2024, Skyone Federal Credit Union's most frequently originated type of loan was Conventional, with 57 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 | 42 | $4,630,000 | $110,238 | $1,351 | 8.90% |
| Home Purchase | 17 | $7,505,000 | $441,471 | $7,004 | 6.37% |
For 2024, Skyone Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 42 originations. The 2nd most popular reason was Home Purchase, with 17 originations.
Loan Duration/Length
For 2024, Skyone Federal Credit Union's most frequently cited loan duration was 30 Year, with 24 originations. The 2nd most popular length was 15 Year, with 15 originations.
Origination Fees/Closing Costs
Skyone Federal Credit Union's average total fees were $6,592, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 36 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 32 | $2,840,000 | $88,750 |
| 6-7% | 17 | $5,935,000 | $349,118 |
| 5-6% | 6 | $2,390,000 | $398,333 |
| 4-5% | 2 | $240,000 | $120,000 |
| 7-8% | 2 | $730,000 | $365,000 |
During 2024, Skyone Federal Credit Union's average interest rate for loans was 6.41%, while their most frequently originated rate bucket for loans was Over 8%, with 32 originations.
Loan Sizing
2024 saw Skyone Federal Credit Union place emphasis on $100,000 or less loans with 22 originations, totaling $1,390,000 in origination value.
Applicant Income
Skyone Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $150k-250k, with 18 originations.
Applicant Debt to Income Ratio
Skyone Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 13 originations. The next most common DTI ratio? 20-30%, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.26%
Skyone Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination32.20%
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 |
|---|---|---|---|
| NA | 59 | $12,135,000 | $205,678 |