Mortgage One Of The South Rates, Fees & Info

Fort Walton Beach, FL

LEI: 549300ZK7CUY4GNBNC41

Tax ID: 65-0924915

5 stars - Updated: 9/25/23 - out of 5 stars, based on 15 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • 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 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 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 6.54% 9/25/23
    30 Year Conventional Refi 6.29% 9/25/23
    30 Year Cash-out Refi 6.66% 9/25/23
    30 Year FHA Purchase 6.70% 9/25/23
    30 Year VA Purchase 5.92% 9/25/23
    30 Year VA Refi 5.82% 9/25/23
    30 Year USDA Purchase 6.27% 9/25/23
    15 Year Conventional Purchase 6.15% 9/25/23
    15 Year Conventional Refi 5.70% 9/25/23
    15 Year Cash-out Refi 5.70% 9/25/23
    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.

    Mortgage One Of The South Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Mortgage One Of The South. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    213

    Origination Dollar Volume (All Markets)

    $69,465,000
    Show all (11) awards

    Relative Rate

    Mortgage One Of The South's average 30 year fixed mortgage rate was 4.35%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.41%.

    Relative Fees (Closing Costs)

    Mortgage One Of The South's average total fees/closing costs for a 30 year fixed rate mortgage were $6,688.

    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) 143 $46,815,000 $327,378 $7,029 4.37%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 64 $20,950,000 $327,344 $5,603 4.22%
    PANAMA CITY, FL (FHA|USDA|VA) 5 $1,505,000 $301,000 $5,323 4.25%
    Outside of Metro Areas 1 $195,000 $195,000 $9,858 5.13%
    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: 140
    Gulf Winds Credit Union
    Similarity Rank: 324
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 476
    Eglin Federal Credit Union
    Similarity Rank: 477
    FBT Mortgage, L.L.C.
    Similarity Rank: 1290
    DSLD MORTGAGE, LLC
    Similarity Rank: 1653
    Pen Air Federal Credit Union
    Similarity Rank: 1668
    Tyndall Federal Credit Union
    Similarity Rank: 1872
    KS StateBank
    Similarity Rank: 2050
    Midwest BankCentre
    Similarity Rank: 3000

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    VA 103 $39,915,000 $387,524 $9,414 4.05%
    Conventional 99 $26,875,000 $271,465 $3,504 4.68%
    FHA 11 $2,675,000 $243,182 $7,608 3.73%

    For 2022, Mortgage One Of The South's most frequently originated type of loan was VA, with 103 originations. Their 2nd most popular type was Conventional, with 99 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 182 $62,280,000 $342,198 $7,062 4.35%
    Cash Out Refi 17 $3,825,000 $225,000 $3,971 4.24%
    Refi 14 $3,360,000 $240,000 $3,382 4.06%

    For 2022, Mortgage One Of The South's most frequently cited loan purpose was Home Purchase, with 182 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 205 $67,605,000 $329,780 $6,688 4.35%
    15 Year 6 $1,360,000 $226,667 $3,662 4.06%
    20 Year 2 $500,000 $250,000 $3,603 2.81%

    For 2022, Mortgage One Of The South's most frequently cited loan duration was 30 Year, with 205 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 184 $59,160,000 $321,522
    $2k-3k 11 $3,205,000 $291,364
    $1k-2k 7 $1,735,000 $247,857
    $4k-5k 5 $1,865,000 $373,000
    $3k-4k 3 $1,615,000 $538,333
    $5k+ 3 $1,885,000 $628,333

    Mortgage One Of The South's average total fees were $6,688, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 184 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 69 $23,075,000 $334,420
    3-4% 62 $20,310,000 $327,581
    5-6% 46 $14,370,000 $312,391
    2.5-3% 14 $5,660,000 $404,286
    <2.5% 13 $4,175,000 $321,154
    6-7% 7 $1,425,000 $203,571
    7-8% 2 $450,000 $225,000

    During 2022, Mortgage One Of The South's average interest rate for loans was 4.35%, while their most frequently originated rate bucket for loans was 4-5%, with 69 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 108 $32,500,000 $300,926 $6,125 4.32%
    $400k-600k 51 $23,875,000 $468,137 $9,197 4.20%
    $100k-200k 46 $7,650,000 $166,304 $3,553 4.54%
    $600k-1MM 6 $4,060,000 $676,667 $15,058 4.02%
    $100,000 or less 1 $75,000 $75,000 $2,098 4.50%
    $1MM+ 1 $1,305,000 $1,305,000 $13,701 2.88%

    2022 saw Mortgage One Of The South place emphasis on $200k-400k loans with 108 originations, totaling $32,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 55 $13,905,000 $252,818 $5,564 4.32%
    $100k-150k 54 $18,840,000 $348,889 $6,356 4.38%
    $75k-100k 41 $13,665,000 $333,293 $9,221 4.10%
    $150k-250k 35 $14,805,000 $423,000 $5,520 4.55%
    $50k or less 16 $2,800,000 $175,000 $3,580 4.08%
    $250k+ 12 $5,450,000 $454,167 $10,196 4.56%

    Mortgage One Of The South lent most frequently to those with incomes in the $50k-75k range, with 55 originations. The second most popular income band? $100k-150k, with 54 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 41 $13,115,000 $319,878 $6,207 4.27%
    30-36% 36 $12,110,000 $336,389 $5,643 4.43%
    50-60% 19 $7,325,000 $385,526 $10,786 4.28%
    43% 14 $4,740,000 $338,571 $7,958 4.82%
    40% 13 $4,245,000 $326,538 $5,463 4.21%
    36% 9 $2,855,000 $317,222 $6,563 4.67%
    44% 8 $1,990,000 $248,750 $5,603 4.14%
    37% 8 $3,410,000 $426,250 $7,008 3.94%
    39% 8 $2,520,000 $315,000 $4,521 3.67%
    41% 8 $2,000,000 $250,000 $3,874 4.11%
    49% 8 $2,790,000 $348,750 $8,375 4.08%
    46% 8 $2,500,000 $312,500 $6,737 4.70%
    <20% 7 $2,485,000 $355,000 $3,642 4.21%
    47% 7 $2,355,000 $336,429 $7,127 4.18%
    38% 6 $1,600,000 $266,667 $8,543 3.83%
    45% 6 $1,360,000 $226,667 $3,729 4.60%
    48% 5 $1,665,000 $333,000 $9,928 4.63%
    42% 2 $400,000 $200,000 $4,272 5.81%

    Mortgage One Of The South lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? 30-36%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 114 $35,770,000 $313,772 $5,811 4.29%
    Not provided 87 $29,275,000 $336,494 $7,366 4.28%
    American Indian 3 $1,485,000 $495,000 $9,348 3.92%
    Black 4 $1,460,000 $365,000 $8,212 4.72%
    Asian 4 $1,100,000 $275,000 $4,421 5.81%
    Native Hawaiian or Islander 1 $375,000 $375,000 $18,229 5.25%

    Approval Rates

    Total approvals of all applications
    94.12%

    Mortgage One Of The South has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.81%

    Mortgage One Of The South has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 213 $69,465,000 $326,127

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    213 $69,465,000 $326,127

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $1,795,000 $199,444 $3,383 4.25%
    40-60% 16 $3,520,000 $220,000 $3,472 4.25%
    60-80% 46 $12,240,000 $266,087 $3,651 4.56%
    80-100% 114 $39,760,000 $348,772 $5,950 4.26%
    Over 100% 27 $12,015,000 $445,000 $17,225 4.22%
    Under 20% 1 $135,000 $135,000 $2,878 5.88%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Mortgage Research Center, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Mortgage Research Center, LLC VA mortgage Trouble during payment process 1 50.0%