Mortgage One Of The South Rates, Fees & Info
Fort Walton Beach, FLLEI: 549300ZK7CUY4GNBNC41
Tax ID: 65-0924915
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 include Crestview, Pensacola, and Panama City among others. Mortgage One Of The South has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Mortgage One Of The South is typically an average fee lendor.Originations
490Origination Dollar Volume (All Markets)
$139,700,000Awards
MORTGAGE ONE OF THE SOUTH - 2021
MORTGAGE ONE OF THE SOUTH is a 2021 , due to their low .
For 2021, 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 rate mortgage of loans were
2.55%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.6%.
Relative Fees
Mortgage One Of The South 's average total fees for a 30 year fixed rate
mortgage are $5,709.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| 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.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021 period, Mortgage One Of The South 's most frequently originated loan type of loans were VA, with 248 originations. Their 2nd most popular type is Conventional, with 209 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021, Mortgage One Of The South 's most frequently cited loan purpose of loans were Home Purchase, with 326 originations. The 2nd most popular reason of loans were 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 the 2021, Mortgage One Of The South 's most frequently cited loan length of loans were 30 Year, with 446 originations. The 2nd most popular length of loans were 15 Year, with 35 originations.
Origination Fees
| Origination Fee | 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 | 2 | $430,000 | $215,000 |
| $5k+ | 1 | $515,000 | $515,000 |
$5,709 of loans were Mortgage One Of The South 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 2.55%, while their most frequently originated rate bucket of loans were <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 | 1 | $125,000 | $125,000 | $3,015 | 3.25% |
Approval Rates
Total approvals of all applications96.40%
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 origination85.91%
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% |
