Mortgage One Of The South Rates, Fees & Info

Fort Walton Beach, FL

LEI: 549300ZK7CUY4GNBNC41

Tax ID: 65-0924915

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 an average proportion of conventional loans. They have an average proportion of FHA loans. 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.54% 12/16/24
    30 Year Conventional Refi 6.29% 12/16/24
    30 Year Cash-out Refi 6.66% 12/16/24
    30 Year FHA Purchase 6.70% 12/16/24
    30 Year VA Purchase 5.92% 12/16/24
    30 Year VA Refi 5.82% 12/16/24
    30 Year USDA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 6.15% 12/16/24
    15 Year Conventional Refi 5.70% 12/16/24
    15 Year Cash-out Refi 5.70% 12/16/24
    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

    680

    Origination Dollar Volume (All Markets)

    $168,590,000
    Show all (10) awards

    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) 444 $109,130,000 $245,788 $6,720 4.14%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 231 $58,205,000 $251,970 $5,122 4.10%
    PANAMA CITY, FL (FHA|USDA|VA) 4 $1,140,000 $285,000 $5,046 4.19%
    Outside of Metro Areas 1 $115,000 $115,000 $2,286 4.63%
    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.

    Eglin Federal Credit Union
    Similarity Rank: 38
    HARVESTERS FEDERAL CREDIT UNION
    Similarity Rank: 159
    Gulf Winds Credit Union
    Similarity Rank: 343
    Pen Air Federal Credit Union
    Similarity Rank: 376
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 436
    Centennial Lending Group LLC.
    Similarity Rank: 496
    Community Bank of Mississippi
    Similarity Rank: 1813
    FBT Mortgage, L.L.C.
    Similarity Rank: 1836
    SmartBank
    Similarity Rank: 1891
    ServisFirst Bank
    Similarity Rank: 2750

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    VA 487 $126,915,000 $260,606 $7,248 4.00%
    Conventional 143 $31,565,000 $220,734 $2,740 4.56%
    FHA 43 $9,095,000 $211,512 $5,652 4.04%
    USDA 7 $1,015,000 $145,000 $3,572 4.20%

    For 2018, Mortgage One Of The South's most frequently originated type of loan was VA, with 487 originations. Their 2nd most popular type was Conventional, with 143 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 668 $165,980,000 $248,473 $6,212 4.12%
    Cash Out Refi 8 $1,550,000 $193,750 $3,470 4.56%
    Refi 4 $1,060,000 $265,000 $2,967 4.44%

    For 2018, Mortgage One Of The South's most frequently cited loan purpose was Home Purchase, with 668 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 646 $161,310,000 $249,706 $6,308 4.13%
    15 Year 23 $5,135,000 $223,261 $3,482 3.78%
    Other 9 $1,575,000 $175,000 $2,893 4.49%
    20 Year 2 $570,000 $285,000 $4,155 3.88%

    For 2018, Mortgage One Of The South's most frequently cited loan duration was 30 Year, with 646 originations. The 2nd most popular length was 15 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 640 $158,430,000 $247,547
    $1k-2k 6 $1,580,000 $263,333
    $5k+ 3 $715,000 $238,333
    $4k-5k 2 $420,000 $210,000

    Mortgage One Of The South's average total fees were $6,308, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 640 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 361 $90,795,000 $251,510
    4-5% 303 $75,825,000 $250,248
    5-6% 16 $1,970,000 $123,125

    During 2018, Mortgage One Of The South's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 3-4%, with 361 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 448 $121,680,000 $271,607 $5,505 4.07%
    $100k-200k 185 $29,835,000 $161,270 $7,609 4.21%
    $400k-600k 33 $14,795,000 $448,333 $8,398 4.18%
    $100,000 or less 12 $980,000 $81,667 $2,304 4.91%
    $600k-1MM 2 $1,300,000 $650,000 $5,346 4.13%

    2018 saw Mortgage One Of The South place emphasis on $200k-400k loans with 448 originations, totaling $121,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 229 $50,045,000 $218,537 $8,175 4.12%
    $100k-150k 151 $43,485,000 $287,980 $5,349 4.15%
    $75k-100k 150 $39,270,000 $261,800 $5,774 4.07%
    $50k or less 95 $16,345,000 $172,053 $3,950 4.12%
    $150k-250k 52 $18,080,000 $347,692 $4,797 4.21%
    $250k+ 3 $1,365,000 $455,000 $6,303 4.21%

    Mortgage One Of The South lent most frequently to those with incomes in the $50k-75k range, with 229 originations. The second most popular income band? $100k-150k, with 151 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 126 $30,640,000 $243,175 $4,894 4.16%
    20-30% 116 $28,270,000 $243,707 $10,517 4.06%
    50-60% 73 $19,305,000 $264,452 $6,414 4.10%
    36% 30 $6,430,000 $214,333 $3,096 4.24%
    37% 30 $6,850,000 $228,333 $5,391 4.18%
    42% 29 $7,025,000 $242,241 $5,812 4.06%
    44% 29 $7,025,000 $242,241 $5,437 4.14%
    39% 28 $6,150,000 $219,643 $4,983 4.17%
    47% 28 $6,880,000 $245,714 $4,699 4.21%
    45% 27 $7,475,000 $276,852 $5,874 4.13%
    <20% 27 $6,055,000 $224,259 $3,820 4.10%
    48% 25 $6,105,000 $244,200 $5,404 4.20%
    49% 24 $7,010,000 $292,083 $6,159 3.98%
    40% 24 $6,220,000 $259,167 $5,654 4.15%
    38% 21 $5,485,000 $261,190 $5,182 4.09%
    41% 17 $4,565,000 $268,529 $5,664 4.12%
    43% 16 $4,600,000 $287,500 $7,043 4.12%
    46% 10 $2,500,000 $250,000 $3,466 4.16%

    Mortgage One Of The South lent most frequently to those with DTI ratios of 30-36%, with 126 originations. The next most common DTI ratio? 20-30%, with 116 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 558 $138,900,000 $248,925 $5,264 4.13%
    Not provided 48 $12,380,000 $257,917 $4,661 4.04%
    Black 39 $8,965,000 $229,872 $3,832 4.12%
    Asian 23 $5,415,000 $235,435 $35,865 4.23%
    American Indian 8 $1,910,000 $238,750 $4,614 3.97%
    Native Hawaiian or Islander 3 $905,000 $301,667 $4,691 4.21%
    Asian Indian 1 $115,000 $115,000 $3,051 5.50%

    Approval Rates

    Total approvals of all applications
    96.29%

    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
    89.41%

    Mortgage One Of The South has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 680 $168,590,000 $247,926

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 680 $168,590,000 $247,926

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $495,000 $165,000 $2,743 4.42%
    40-60% 11 $2,125,000 $193,182 $2,983 4.24%
    60-80% 77 $17,335,000 $225,130 $3,094 4.43%
    80-100% 430 $106,710,000 $248,163 $4,409 4.09%
    Over 100% 159 $41,925,000 $263,679 $12,669 4.05%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    MORTGAGE SOLUTIONS OF COLORADO Conventional home mortgage Trouble during payment process 2 33.3%
    MORTGAGE SOLUTIONS OF COLORADO VA mortgage Closing on a mortgage 1 16.7%
    MORTGAGE SOLUTIONS OF COLORADO VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    MORTGAGE SOLUTIONS OF COLORADO FHA mortgage Struggling to pay mortgage 1 16.7%
    MORTGAGE SOLUTIONS OF COLORADO FHA mortgage Closing on a mortgage 1 16.7%