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 loans. Skyone Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Washington, Seattle, Las Vegas, and San Francisco among others. We have data for 43 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 an average 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.
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Originations
110Origination Dollar Volume (All Markets)
$31,000,000Awards
SKYONE Federal Credit Union - 2019
SKYONE Federal Credit Union is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 34 | $11,090,000 | $326,176 | $4,871 | 4.34% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $2,175,000 | $435,000 | $7,369 | 3.88% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 8 | $1,930,000 | $241,250 | $4,201 | 4.51% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 6 | $1,660,000 | $276,667 | $3,883 | 3.85% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $2,463 | 4.65% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $8,745 | 3.88% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $4,519 | 3.81% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $5,010 | 5.04% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $4,298 | 3.67% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $1,385 | 3.75% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,115 | 3.63% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $7,585 | 4.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,973 | 3.94% |
| Outside of Metro Areas | 3 | $485,000 | $161,667 | $3,409 | 3.58% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,979 | 3.56% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $6,395 | 3.50% |
| RENO, NV (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $7,922 | 3.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,181 | 4.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,724 | 3.50% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,783 | 3.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,896 | 4.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $2,723 | 5.06% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,676 | 3.75% |
| MADERA, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,919 | 3.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,845 | 3.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,426 | 3.38% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,789 | 4.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,734 | 3.38% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,270 | 3.63% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,776 | 4.00% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,534 | 3.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,562 | 3.38% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,115 | 3.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,684 | 4.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $430 | 6.99% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $492 | 6.49% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,890 | 4.00% |
| SALEM, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,998 | 3.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $413 | 6.99% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,800 | 4.00% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $647 | 6.99% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $740 | 6.49% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $635 | 6.49% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 110 | $31,000,000 | $281,818 | $4,446 | 4.27% |
For 2019, Skyone Federal Credit Union's most frequently originated type of loan was Conventional, with 110 originations.
Loan Reason
For 2019, Skyone Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 69 originations. The 2nd most popular reason was Home Purchase, with 21 originations.
Loan Duration/Length
For 2019, Skyone Federal Credit Union's most frequently cited loan duration was 30 Year, with 64 originations. The 2nd most popular length was 15 Year, with 19 originations.
Origination Fees/Closing Costs
Skyone Federal Credit Union's average total fees were $5,720, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 31 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 77 | $24,495,000 | $318,117 |
| 6-7% | 18 | $990,000 | $55,000 |
| 4-5% | 15 | $5,515,000 | $367,667 |
During 2019, Skyone Federal Credit Union's average interest rate for loans was 3.93%, while their most frequently originated rate bucket for loans was 3-4%, with 77 originations.
Loan Sizing
2019 saw Skyone Federal Credit Union place emphasis on $200k-400k loans with 51 originations, totaling $15,425,000 in origination value.
Applicant Income
Skyone Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $150k-250k, with 31 originations.
Applicant Debt to Income Ratio
Skyone Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 32 originations. The next most common DTI ratio? 30-36%, with 19 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.37%
Skyone Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination61.82%
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 | 110 | $31,000,000 | $281,818 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 110 | $31,000,000 | $281,818 |