Mortgage One Of The South Rates, Fees & Info
Fort Walton Beach, FLLEI: 549300ZK7CUY4GNBNC41
Tax ID: 65-0924915
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Mortgage Data
Review & Overview
Mortgage One Of The South is a smaller mortgage company specializing in Home Purchase loans. Mortgage One Of The South has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Crestview, Pensacola, and Panama City among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Mortgage One Of The South 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. Mortgage One Of The South 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 | 6.48% | 5/25/25 |
| 30 Year FHA Purchase | 6.63% | 5/25/25 |
| 30 Year VA Purchase | 6.01% | 5/25/25 |
| 30 Year VA Refi | 5.87% | 5/25/25 |
| 15 Year Conventional Purchase | 5.38% | 5/25/25 |
| 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. | ||
Mortgage One Of The South Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
56Origination Dollar Volume (All Markets)
$21,520,000Awards
MORTGAGE ONE OF THE SOUTH - 2024
MORTGAGE ONE OF THE SOUTH is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Mortgage One Of The South's average 30 year fixed mortgage rate was
6%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.55%.
Relative Fees (Closing Costs)
Mortgage One Of The South's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,823.
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 |
|---|---|---|---|---|---|
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 37 | $13,985,000 | $377,973 | $6,953 | 5.91% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 16 | $6,400,000 | $400,000 | $6,492 | 6.06% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $4,896 | 6.12% |
Similar Lenders
We use machine learning to identify the top lenders compared against MORTGAGE ONE OF THE SOUTH 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 |
|---|---|---|---|---|---|
| VA | 32 | $13,710,000 | $428,438 | $7,941 | 5.87% |
| Conventional | 21 | $6,935,000 | $330,238 | $4,527 | 6.21% |
| FHA | 3 | $875,000 | $291,667 | $8,884 | 5.29% |
For 2024, Mortgage One Of The South's most frequently originated type of loan was VA, with 32 originations. Their 2nd most popular type was Conventional, with 21 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 55 | $20,925,000 | $380,455 | $6,734 | 5.98% |
| Refi | 1 | $595,000 | $595,000 | $5,460 | 5.25% |
For 2024, Mortgage One Of The South's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 54 | $21,040,000 | $389,630 | $6,823 | 6.00% |
| 15 Year | 2 | $480,000 | $240,000 | $3,697 | 5.19% |
For 2024, Mortgage One Of The South's most frequently cited loan duration was 30 Year, with 54 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
Mortgage One Of The South's average total fees were $6,823, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 43 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 29 | $11,155,000 | $384,655 |
| 6-7% | 25 | $9,915,000 | $396,600 |
| 4-5% | 2 | $450,000 | $225,000 |
During 2024, Mortgage One Of The South's average interest rate for loans was 6.00%, while their most frequently originated rate bucket for loans was 5-6%, with 29 originations.
Loan Sizing
2024 saw Mortgage One Of The South place emphasis on $200k-400k loans with 30 originations, totaling $9,220,000 in origination value.
Applicant Income
Mortgage One Of The South lent most frequently to those with incomes in the $150k-250k range, with 18 originations. The second most popular income band? $100k-150k, with 16 originations.
Applicant Debt to Income Ratio
Mortgage One Of The South lent most frequently to those with DTI ratios of 30-36%, with 11 originations. The next most common DTI ratio? 20-30%, with 7 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.59%
Mortgage One Of The South has an average approval rate.
Pick Rate
Approvals leading to origination71.43%
Mortgage One Of The South has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 56 | $21,520,000 | $384,286 |