Skyone Federal Credit Union Mortgage Rates, Fees & Info

Hawthorne, CA

LEI: 549300V3N91EH05UWL23

Tax ID: 95-1659710

Latest/2023 | 2022 Data | 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
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Skyone Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Skyone Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Seattle, San Francisco, Washington, and Riverside among others. We have data for 53 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Skyone Federal Credit Union has an above 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.

    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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    Originations

    183

    Origination Dollar Volume (All Markets)

    $54,985,000

    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) 45 $17,105,000 $380,111 $5,131 3.24%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 17 $4,705,000 $276,765 $4,282 3.22%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 7 $3,465,000 $495,000 $6,170 3.02%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 7 $3,065,000 $437,857 $6,856 2.86%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 11 $3,045,000 $276,818 $4,993 3.40%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 10 $2,450,000 $245,000 $4,842 3.35%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $2,245,000 $449,000 $7,839 3.30%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 7 $2,085,000 $297,857 $4,581 3.29%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $1,960,000 $326,667 $4,842 3.04%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $1,205,000 $241,000 $3,741 3.55%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $1,075,000 $358,333 $8,533 3.17%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $910,000 $227,500 $4,146 2.97%
    VALLEJO, CA (FHA|USDA|VA) 3 $755,000 $251,667 $4,976 2.79%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $700,000 $175,000 $3,769 4.68%
    FARGO, ND-MN (FHA|USDA|VA) 2 $650,000 $325,000 $5,549 3.00%
    Shelton, WA (FHA|USDA|VA) 2 $610,000 $305,000 $4,182 3.31%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $540,000 $270,000 $5,636 3.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $510,000 $127,500 $3,429 3.62%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $490,000 $245,000 $4,882 3.19%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $465,000 $465,000 $7,003 2.75%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $430,000 $215,000 $3,173 3.13%
    MODESTO, CA (FHA|USDA|VA) 1 $415,000 $415,000 $6,451 4.00%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $375,000 $375,000 $2,954 3.25%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $350,000 $175,000 $2,713 2.69%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $325,000 $325,000 $3,831 2.88%
    Outside of Metro Areas 2 $290,000 $145,000 $3,841 3.13%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $265,000 $265,000 $3,615 2.50%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $255,000 $255,000 $4,816 2.88%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $255,000 $255,000 $6,875 2.75%
    Fallon, NV (FHA|USDA|VA) 1 $255,000 $255,000 $7,458 2.75%
    CARSON CITY, NV (FHA|USDA|VA) 1 $245,000 $245,000 $3,519 3.13%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,995 2.50%
    Brevard, NC (FHA|USDA|VA) 1 $245,000 $245,000 $2,775 3.38%
    BOISE CITY, ID (FHA|USDA|VA) 1 $225,000 $225,000 $3,667 3.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $225,000 $225,000 $3,538 3.75%
    Fernley, NV (FHA|USDA|VA) 1 $215,000 $215,000 $4,134 3.00%
    Cedar City, UT (FHA|USDA|VA) 1 $205,000 $205,000 $4,169 2.88%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $205,000 $205,000 $3,298 2.88%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $195,000 $195,000 $3,665 3.00%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $195,000 $195,000 $2,730 2.50%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,391 3.00%
    CHICO, CA (FHA|USDA|VA) 1 $185,000 $185,000 $2,080 3.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,435 2.50%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $175,000 $175,000 $3,524 2.88%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $155,000 $155,000 $2,736 2.75%
    WICHITA, KS (FHA|USDA|VA) 1 $145,000 $145,000 $3,157 3.38%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $3,615 2.25%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,950 3.00%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $95,000 $95,000 $4,033 3.75%
    RENO, NV (FHA|USDA|VA) 1 $75,000 $75,000 $347 5.99%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $55,000 $55,000 $467 6.24%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $45,000 $45,000 $630 6.49%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $25,000 $25,000 $915 6.24%
    Skyone Federal Credit Union's top markets include Los Angeles, Seattle, San Francisco, Washington, and Riverside among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • 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.

    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 363
    Christian Community Credit Union
    Similarity Rank: 716
    WINNPOINTE CORPORATION
    Similarity Rank: 924
    CHOICE LENDING CORP.
    Similarity Rank: 1035
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 1053
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 1184
    FFC Mortgage Corp.
    Similarity Rank: 1428
    TRI-EMERALD FINANCIAL GROUP, INC.
    Similarity Rank: 1530
    Residential Mortgage Solutions, Inc.
    Similarity Rank: 1615
    LA Financial Federal Credit Union
    Similarity Rank: 1677

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 182 $54,670,000 $300,385 $4,726 3.27%
    VA 1 $315,000 $315,000 $13,748 3.25%

    For 2020, Skyone Federal Credit Union's most frequently originated type of loan was Conventional, with 182 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 95 $30,305,000 $319,000 $5,030 3.29%
    Refi 58 $16,110,000 $277,759 $4,091 3.09%
    Home Purchase 24 $7,890,000 $328,750 $6,022 3.15%
    Home Improvement 4 $570,000 $142,500 $3,090 4.56%
    Other 2 $110,000 $55,000 $901 6.62%

    For 2020, Skyone Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 95 originations. The 2nd most popular reason was Refi, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 120 $42,060,000 $350,500 $5,379 3.17%
    15 Year 40 $9,160,000 $229,000 $3,769 3.17%
    20 Year 11 $2,365,000 $215,000 $4,335 3.67%
    10 Year 10 $1,000,000 $100,000 $2,410 4.27%
    5 Year 1 $25,000 $25,000 $312 5.99%
    Other 1 $375,000 $375,000 $5,493 2.88%

    For 2020, Skyone Federal Credit Union's most frequently cited loan duration was 30 Year, with 120 originations. The 2nd most popular length was 15 Year, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 45 $10,485,000 $233,000
    $1k-2k 36 $7,170,000 $199,167
    $3k-4k 34 $11,450,000 $336,765
    $2k-3k 27 $7,705,000 $285,370
    $5k+ 26 $12,870,000 $495,000
    $4k-5k 15 $5,305,000 $353,667

    Skyone Federal Credit Union's average total fees were $5,379, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 45 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 93 $28,305,000 $304,355
    3-4% 60 $21,480,000 $358,000
    <2.5% 17 $4,285,000 $252,059
    6-7% 9 $435,000 $48,333
    5-6% 3 $175,000 $58,333
    4-5% 1 $305,000 $305,000

    During 2020, Skyone Federal Credit Union's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 2.5-3%, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 88 $26,000,000 $295,455 $4,928 3.06%
    $400k-600k 36 $17,250,000 $479,167 $6,153 3.09%
    $100k-200k 34 $5,210,000 $153,235 $3,381 2.91%
    $100,000 or less 17 $1,005,000 $59,118 $1,374 5.47%
    $600k-1MM 8 $5,520,000 $690,000 $10,045 3.33%

    2020 saw Skyone Federal Credit Union place emphasis on $200k-400k loans with 88 originations, totaling $26,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 53 $16,135,000 $304,434 $4,745 3.19%
    $150k-250k 49 $16,585,000 $338,469 $5,349 3.36%
    $50k-75k 33 $8,205,000 $248,636 $4,515 3.42%
    $75k-100k 30 $7,240,000 $241,333 $3,905 3.25%
    $250k+ 11 $5,545,000 $504,091 $6,316 3.07%
    $50k or less 7 $1,275,000 $182,143 $3,519 3.04%

    Skyone Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 53 originations. The second most popular income band? $150k-250k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 43 $13,795,000 $320,814 $5,093 3.21%
    30-36% 42 $12,320,000 $293,333 $4,781 3.19%
    <20% 24 $6,690,000 $278,750 $4,442 3.08%
    41% 12 $4,770,000 $397,500 $4,836 3.19%
    42% 8 $3,030,000 $378,750 $4,787 3.45%
    44% 8 $1,490,000 $186,250 $3,786 3.34%
    38% 6 $1,880,000 $313,333 $5,547 3.00%
    45% 6 $2,070,000 $345,000 $5,931 3.52%
    46% 6 $980,000 $163,333 $2,934 3.67%
    39% 6 $1,270,000 $211,667 $3,654 4.25%
    37% 4 $900,000 $225,000 $3,087 3.94%
    43% 4 $1,170,000 $292,500 $7,083 3.00%
    47% 3 $1,025,000 $341,667 $5,345 3.63%
    36% 3 $915,000 $305,000 $5,440 3.54%
    48% 3 $1,275,000 $425,000 $4,278 3.04%
    49% 2 $880,000 $440,000 $3,884 3.13%
    50-60% 2 $210,000 $105,000 $2,523 2.94%
    40% 1 $315,000 $315,000 $13,748 3.25%

    Skyone Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 43 originations. The next most common DTI ratio? 30-36%, with 42 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 122 $36,820,000 $301,803 $4,970 3.26%
    White 45 $13,065,000 $290,333 $4,517 3.22%
    Black 10 $2,900,000 $290,000 $3,558 3.49%
    Asian 5 $1,805,000 $361,000 $5,079 3.77%
    Native Hawaiian or Islander 1 $395,000 $395,000 $3,188 2.50%

    Approval Rates

    Total approvals of all applications
    91.14%

    Skyone Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    49.73%

    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 183 $54,985,000 $300,464

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 183 $54,985,000 $300,464

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $7,050,000 $220,313 $3,837 3.34%
    40-60% 42 $13,710,000 $326,429 $4,645 3.00%
    60-80% 69 $23,875,000 $346,014 $5,411 3.09%
    80-100% 27 $8,475,000 $313,889 $5,637 3.09%
    Under 20% 11 $685,000 $62,273 $1,057 5.70%