Mortgage One Of The South Rates, Fees & Info

Fort Walton Beach, FL

LEI: 549300ZK7CUY4GNBNC41

Tax ID: 65-0924915

5 stars - out of 5 stars, based on 22 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Mortgage One Of The South is a smaller mortgage company specializing in Home Purchase and Refi 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Crestview, Pensacola, and Panama City among others. We have data for 4 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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.19% 3/19/23
    30 Year Conventional Refi 6.17% 3/19/23
    30 Year Cash-out Refi 6.38% 3/19/23
    30 Year FHA Purchase 6.71% 3/19/23
    30 Year FHA Refi 6.27% 3/19/23
    30 Year VA Purchase 5.83% 3/19/23
    30 Year VA Refi 5.78% 3/19/23
    30 Year USDA Purchase 6.28% 3/19/23
    15 Year Conventional Purchase 5.51% 3/19/23
    15 Year Conventional Refi 5.62% 3/19/23
    15 Year Cash-out Refi 5.62% 3/19/23
    15 Year VA Refi 5.76% 3/19/23
    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.


    Originations

    490

    Origination Dollar Volume (All Markets)

    $139,700,000
    Show all (11) awards

    Relative Rate

    Mortgage One Of The South's average 30 year fixed mortgage rate was 2.55%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.6%.

    Relative Fees (Closing Costs)

    Mortgage One Of The South's average total fees/closing costs for a 30 year fixed rate mortgage were $5,709.

    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 $4,750.

    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) 318 $90,640,000 $285,031 $5,523 2.55%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 163 $46,325,000 $284,202 $5,419 2.47%
    PANAMA CITY, FL (FHA|USDA|VA) 8 $2,450,000 $306,250 $3,903 2.66%
    Outside of Metro Areas 1 $285,000 $285,000 $4,993 2.50%
    Mortgage One Of The South's top markets include Crestview, Pensacola, and Panama City among others.

    Their top states include:
  • Florida (FHA|USDA|VA)

    • 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.

    HARVESTERS FEDERAL CREDIT UNION
    Similarity Rank: 210
    Gulf Winds Credit Union
    Similarity Rank: 324
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 476
    Eglin Federal Credit Union
    Similarity Rank: 636
    Pen Air Federal Credit Union
    Similarity Rank: 1112
    DSLD MORTGAGE, LLC
    Similarity Rank: 1566
    Tyndall Federal Credit Union
    Similarity Rank: 2880
    FBT Mortgage, L.L.C.
    Similarity Rank: 3870
    A Mortgage Boutique, LLC
    Similarity Rank: 4059
    Midwest BankCentre
    Similarity Rank: 4080

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    VA 248 $77,680,000 $313,226 $7,016 2.36%
    Conventional 209 $54,075,000 $258,732 $3,483 2.72%
    FHA 22 $5,310,000 $241,364 $6,807 2.40%
    USDA 11 $2,635,000 $239,545 $5,113 2.56%

    For 2021, Mortgage One Of The South's most frequently originated type of loan was VA, with 248 originations. Their 2nd most popular type was Conventional, with 209 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 326 $98,720,000 $302,822 $6,289 2.56%
    Refi 154 $38,060,000 $247,143 $3,629 2.44%
    Cash Out Refi 9 $2,385,000 $265,000 $6,899 2.58%
    Home Improvement 1 $535,000 $535,000 $5,370 2.13%

    For 2021, Mortgage One Of The South's most frequently cited loan purpose was Home Purchase, with 326 originations. The 2nd most popular reason was Refi, with 154 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 446 $130,360,000 $292,287 $5,709 2.55%
    15 Year 35 $7,485,000 $213,857 $2,983 2.18%
    20 Year 5 $1,035,000 $207,000 $2,909 2.40%
    Other 3 $655,000 $218,333 $2,869 2.46%
    10 Year 1 $165,000 $165,000 $2,365 2.13%

    For 2021, Mortgage One Of The South's most frequently cited loan duration was 30 Year, with 446 originations. The 2nd most popular length was 15 Year, with 35 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 470 $133,610,000 $284,277
    $1k-2k 11 $3,665,000 $333,182
    $2k-3k 5 $1,285,000 $257,000
    $3k-4k 1 $285,000 $285,000
    $4k-5k 1 $145,000 $145,000
    $5k+ 1 $515,000 $515,000

    Mortgage One Of The South's average total fees were $5,709, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 470 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 327 $93,735,000 $286,651
    2.5-3% 120 $36,010,000 $300,083
    3-4% 41 $9,605,000 $234,268
    4-5% 2 $350,000 $175,000

    During 2021, Mortgage One Of The South's average interest rate for loans was 2.55%, while their most frequently originated rate bucket for loans was <2.5%, with 327 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 313 $90,195,000 $288,163 $5,750 2.50%
    $100k-200k 102 $16,050,000 $157,353 $3,513 2.61%
    $400k-600k 59 $28,365,000 $480,763 $7,618 2.50%
    $100,000 or less 10 $850,000 $85,000 $2,210 2.46%
    $600k-1MM 6 $4,240,000 $706,667 $7,371 2.58%

    2021 saw Mortgage One Of The South place emphasis on $200k-400k loans with 313 originations, totaling $90,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 133 $40,985,000 $308,158 $5,206 2.51%
    $50k-75k 133 $33,325,000 $250,564 $6,527 2.48%
    $75k-100k 86 $25,040,000 $291,163 $5,517 2.53%
    $150k-250k 69 $25,345,000 $367,319 $4,997 2.59%
    $50k or less 54 $9,600,000 $177,778 $4,213 2.55%
    $250k+ 15 $5,405,000 $360,333 $4,542 2.53%

    Mortgage One Of The South lent most frequently to those with incomes in the $100k-150k range, with 133 originations. The second most popular income band? $50k-75k, with 133 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 123 $34,935,000 $284,024 $4,877 2.57%
    30-36% 85 $24,175,000 $284,412 $5,335 2.51%
    <20% 50 $13,640,000 $272,800 $4,400 2.44%
    50-60% 38 $12,180,000 $320,526 $7,846 2.35%
    39% 21 $5,455,000 $259,762 $5,148 2.49%
    36% 20 $5,940,000 $297,000 $5,729 2.59%
    44% 17 $4,365,000 $256,765 $4,983 2.64%
    45% 17 $5,165,000 $303,824 $4,505 2.54%
    38% 15 $4,505,000 $300,333 $5,199 2.42%
    42% 15 $4,025,000 $268,333 $6,810 2.84%
    46% 14 $4,060,000 $290,000 $5,856 2.46%
    43% 12 $3,110,000 $259,167 $6,369 2.68%
    40% 11 $3,015,000 $274,091 $5,674 2.60%
    49% 11 $3,055,000 $277,727 $5,852 2.36%
    41% 11 $4,115,000 $374,091 $7,808 2.56%
    48% 10 $2,180,000 $218,000 $5,257 2.48%
    37% 10 $3,030,000 $303,000 $5,143 2.46%
    47% 10 $2,750,000 $275,000 $6,655 2.53%

    Mortgage One Of The South lent most frequently to those with DTI ratios of 20-30%, with 123 originations. The next most common DTI ratio? 30-36%, with 85 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 297 $82,925,000 $279,209 $5,176 2.53%
    Not provided 157 $45,825,000 $291,879 $5,898 2.50%
    Asian 22 $6,520,000 $296,364 $5,831 2.56%
    Black 11 $3,565,000 $324,091 $6,739 2.60%
    American Indian 2 $740,000 $370,000 $3,356 2.63%
    Native Hawaiian or Islander 1 $125,000 $125,000 $3,015 3.25%

    Approval Rates

    Total approvals of all applications
    95.67%

    Mortgage One Of The South has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    87.55%

    Mortgage One Of The South has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 490 $139,700,000 $285,102

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    490 $139,700,000 $285,102

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $3,415,000 $148,478 $2,761 2.43%
    40-60% 49 $10,865,000 $221,735 $3,246 2.47%
    60-80% 128 $35,430,000 $276,797 $3,413 2.67%
    80-100% 222 $67,740,000 $305,135 $5,622 2.50%
    Over 100% 66 $21,840,000 $330,909 $11,445 2.39%
    Under 20% 2 $410,000 $205,000 $5,442 2.25%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    MORTGAGE FIRM, INC., THE Conventional home mortgage Trouble during payment process 2 100.0%