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% 4/18/24
    30 Year Conventional Refi 6.29% 4/18/24
    30 Year Cash-out Refi 6.66% 4/18/24
    30 Year FHA Purchase 6.70% 4/18/24
    30 Year VA Purchase 5.92% 4/18/24
    30 Year VA Refi 5.82% 4/18/24
    30 Year USDA Purchase 6.27% 4/18/24
    15 Year Conventional Purchase 6.15% 4/18/24
    15 Year Conventional Refi 5.70% 4/18/24
    15 Year Cash-out Refi 5.70% 4/18/24
    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

    760

    Origination Dollar Volume (All Markets)

    $198,550,000
    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) 516 $136,800,000 $265,116 $5,711 3.63%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 238 $59,890,000 $251,639 $5,331 3.58%
    PANAMA CITY, FL (FHA|USDA|VA) 5 $1,605,000 $321,000 $6,820 3.40%
    Outside of Metro Areas 1 $255,000 $255,000 $3,594 3.25%
    Mortgage One Of The South's top markets include Crestview, Pensacola, and Panama City among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • North Carolina (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: 24
    Gulf Winds Credit Union
    Similarity Rank: 225
    HARVESTERS FEDERAL CREDIT UNION
    Similarity Rank: 500
    Pen Air Federal Credit Union
    Similarity Rank: 520
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 524
    DSLD MORTGAGE, LLC
    Similarity Rank: 1848
    FBT Mortgage, L.L.C.
    Similarity Rank: 2548
    South State Bank
    Similarity Rank: 2772
    Tyndall Federal Credit Union
    Similarity Rank: 3355
    Gulf Coast Bank and Trust Company
    Similarity Rank: 3822

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    VA 551 $152,035,000 $275,926 $6,333 3.50%
    Conventional 159 $35,415,000 $222,736 $2,871 4.03%
    FHA 46 $10,320,000 $224,348 $6,348 3.58%
    USDA 4 $780,000 $195,000 $3,933 3.25%

    For 2019, Mortgage One Of The South's most frequently originated type of loan was VA, with 551 originations. Their 2nd most popular type was Conventional, with 159 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 722 $187,660,000 $259,917 $5,678 3.62%
    Refi 31 $8,265,000 $266,613 $3,667 3.34%
    Cash Out Refi 7 $2,625,000 $375,000 $5,701 4.09%

    For 2019, Mortgage One Of The South's most frequently cited loan purpose was Home Purchase, with 722 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 744 $194,610,000 $261,573 $5,646 3.61%
    15 Year 15 $3,545,000 $236,333 $2,811 3.49%
    20 Year 1 $395,000 $395,000 $10,952 3.38%

    For 2019, Mortgage One Of The South's most frequently cited loan duration was 30 Year, with 744 originations. The 2nd most popular length was 15 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 746 $194,610,000 $260,871
    $1k-2k 4 $1,360,000 $340,000
    $5k+ 2 $600,000 $300,000

    Mortgage One Of The South's average total fees were $5,646, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 746 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 582 $154,280,000 $265,086
    4-5% 88 $19,380,000 $220,227
    2.5-3% 82 $23,610,000 $287,927
    5-6% 8 $1,280,000 $160,000

    During 2019, Mortgage One Of The South's average interest rate for loans was 3.61%, while their most frequently originated rate bucket for loans was 3-4%, with 582 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 521 $142,955,000 $274,386 $6,034 3.55%
    $100k-200k 181 $30,145,000 $166,547 $3,838 3.81%
    $400k-600k 45 $20,415,000 $453,667 $8,111 3.38%
    $600k-1MM 7 $4,505,000 $643,571 $5,559 3.70%
    $100,000 or less 6 $530,000 $88,333 $1,897 4.38%

    2019 saw Mortgage One Of The South place emphasis on $200k-400k loans with 521 originations, totaling $142,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 262 $59,510,000 $227,137 $5,490 3.59%
    $100k-150k 177 $54,185,000 $306,130 $6,292 3.57%
    $75k-100k 165 $45,015,000 $272,818 $6,137 3.60%
    $50k or less 83 $15,305,000 $184,398 $4,406 3.65%
    $150k-250k 64 $21,420,000 $334,688 $4,262 3.76%
    $250k+ 9 $3,115,000 $346,111 $5,586 3.81%

    Mortgage One Of The South lent most frequently to those with incomes in the $50k-75k range, with 262 originations. The second most popular income band? $100k-150k, with 177 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 152 $39,920,000 $262,632 $5,244 3.59%
    30-36% 126 $33,280,000 $264,127 $5,571 3.63%
    50-60% 90 $24,920,000 $276,889 $6,746 3.54%
    <20% 41 $9,375,000 $228,659 $3,870 3.62%
    40% 30 $7,490,000 $249,667 $6,178 3.61%
    45% 29 $7,385,000 $254,655 $5,456 3.64%
    37% 28 $7,090,000 $253,214 $6,407 3.50%
    43% 27 $6,855,000 $253,889 $5,048 3.62%
    49% 27 $7,275,000 $269,444 $5,876 3.66%
    42% 27 $7,095,000 $262,778 $5,243 3.41%
    44% 25 $7,045,000 $281,800 $5,562 3.71%
    47% 24 $6,420,000 $267,500 $6,112 3.77%
    46% 24 $6,370,000 $265,417 $6,537 3.82%
    36% 23 $6,225,000 $270,652 $6,017 3.73%
    38% 23 $6,225,000 $270,652 $6,035 3.42%
    39% 22 $5,820,000 $264,545 $5,449 3.76%
    41% 20 $4,870,000 $243,500 $4,974 3.65%
    48% 19 $4,395,000 $231,316 $4,417 3.57%

    Mortgage One Of The South lent most frequently to those with DTI ratios of 20-30%, with 152 originations. The next most common DTI ratio? 30-36%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 639 $167,915,000 $262,778 $5,565 3.61%
    Black 64 $16,100,000 $251,563 $5,701 3.62%
    Not provided 30 $7,420,000 $247,333 $5,669 3.62%
    Asian 20 $4,780,000 $239,000 $5,279 3.78%
    American Indian 4 $1,450,000 $362,500 $6,129 3.75%
    Native Hawaiian or Islander 3 $885,000 $295,000 $10,687 3.33%

    Approval Rates

    Total approvals of all applications
    96.76%

    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
    82.11%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 760 $198,550,000 $261,250

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 760 $198,550,000 $261,250

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $705,000 $141,000 $1,731 3.75%
    40-60% 18 $3,290,000 $182,778 $2,622 3.61%
    60-80% 84 $18,630,000 $221,786 $3,308 3.93%
    80-100% 457 $121,285,000 $265,394 $4,814 3.60%
    Over 100% 193 $53,755,000 $278,523 $8,851 3.50%
    Under 20% 3 $885,000 $295,000 $3,734 3.38%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    MORTGAGE CORPORATION OF THE SOUTH Conventional home mortgage Struggling to pay mortgage 1 100.0%