One Community Federal Credit Union Mortgage Rates, Fees & Info
Parkersburg, WVLEI: 984500BCD760BG10F610
Tax ID: 55-0456615
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
One Community Federal Credit Union is a smaller credit union specializing in Home Improvement and Other loans. Their top two markets are Parkersburg and Marietta .One Community Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
21Origination Dollar Volume (All Markets)
$825,000Top 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 |
|---|---|---|---|---|---|
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 17 | $585,000 | $34,412 | $0 | 8.10% |
| Marietta, OH (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $0 | 8.42% |
| Outside of Metro Areas | 1 | $115,000 | $115,000 | $0 | 8.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 21 | $825,000 | $39,286 | n/a | 8.14% |
For 2024, One Community Federal Credit Union's most frequently originated type of loan was HELOC, with 21 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 14 | $490,000 | $35,000 | $0 | 8.27% |
| Other | 7 | $335,000 | $47,857 | $0 | 7.89% |
For 2024, One Community Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 14 originations. The 2nd most popular reason was Other, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 9 | $305,000 | $33,889 | $0 | 7.69% |
| 20 Year | 7 | $415,000 | $59,286 | $0 | 8.68% |
| Other | 5 | $105,000 | $21,000 | $0 | 8.20% |
For 2024, One Community Federal Credit Union's most frequently cited loan duration was 15 Year, with 9 originations. The 2nd most popular length was 20 Year, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 14 | $560,000 | $40,000 |
| Over 8% | 7 | $265,000 | $37,857 |
During 2024, One Community Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 14 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 20 | $710,000 | $35,500 | $0 | 8.15% |
| $100k-200k | 1 | $115,000 | $115,000 | $0 | 8.00% |
2024 saw One Community Federal Credit Union place emphasis on $100,000 or less loans with 20 originations, totaling $710,000 in origination value.
Applicant Income
One Community Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 5 originations. The second most popular income band? $150k-250k, with 5 originations.
Applicant Debt to Income Ratio
One Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? <20%, with 5 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 21 | $825,000 | $39,286 | $0 | 8.14% |
Approval Rates
Total approvals of all applications83.33%
One Community Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination80.95%
One Community Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 21 | $825,000 | $39,286 |