One Community Federal Credit Union Mortgage Rates, Fees & Info
Parkersburg, WVLEI: 984500BCD760BG10F610
Tax ID: 55-0456615
Latest/2023 | 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 Other and Home Improvement 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
14Origination Dollar Volume (All Markets)
$560,000Top 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) | 11 | $425,000 | $38,636 | $0 | 7.57% |
| Marietta, OH (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $0 | 7.83% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 14 | $560,000 | $40,000 | n/a | 7.63% |
For 2023, One Community Federal Credit Union's most frequently originated type of loan was HELOC, with 14 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 8 | $440,000 | $55,000 | $0 | 7.59% |
| Home Improvement | 6 | $120,000 | $20,000 | $0 | 7.67% |
For 2023, One Community Federal Credit Union's most frequently cited loan purpose was Other, with 8 originations. The 2nd most popular reason was Home Improvement, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 7 | $385,000 | $55,000 | $0 | 8.14% |
| 15 Year | 4 | $120,000 | $30,000 | $0 | 7.13% |
| Other | 3 | $55,000 | $18,333 | $0 | 7.08% |
For 2023, One Community Federal Credit Union's most frequently cited loan duration was 20 Year, with 7 originations. The 2nd most popular length was 15 Year, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 7 | $245,000 | $35,000 |
| 6-7% | 4 | $110,000 | $27,500 |
| Over 8% | 3 | $205,000 | $68,333 |
During 2023, 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 7 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 13 | $455,000 | $35,000 | $0 | 7.56% |
| $100k-200k | 1 | $105,000 | $105,000 | $0 | 8.50% |
2023 saw One Community Federal Credit Union place emphasis on $100,000 or less loans with 13 originations, totaling $455,000 in origination value.
Applicant Income
One Community Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 4 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
One Community Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 7 originations. The next most common DTI ratio? 20-30%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 13 | $535,000 | $41,154 | $0 | 7.54% |
| Black | 1 | $25,000 | $25,000 | $0 | 8.75% |
Approval Rates
Total approvals of all applications70.97%
One Community Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination42.86%
One Community Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 14 | $560,000 | $40,000 |