One Community Federal Credit Union Mortgage Rates, Fees & Info
Parkersburg, WVLEI: 984500BCD760BG10F610
Tax ID: 55-0456615
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Mortgage Data
Review & Overview
One Community Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. One Community Federal Credit Union has a high proportion of conventional loans. Their top two markets are Parkersburg and Marietta .One Community Federal Credit Union has an above average approval rate when compared to the average across all lenders. One Community Federal Credit Union is typically a low 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.
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Originations
7Origination Dollar Volume (All Markets)
$1,195,000Top 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) | 5 | $875,000 | $175,000 | $3,596 | 4.20% |
| Marietta, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,138 | 4.75% |
| Outside of Metro Areas | 1 | $155,000 | $155,000 | $3,687 | 3.88% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 7 | $1,195,000 | $170,714 | $3,544 | 4.23% |
For 2020, One Community Federal Credit Union's most frequently originated type of loan was Conventional, with 7 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 5 | $885,000 | $177,000 | $3,575 | 4.18% |
| Cash Out Refi | 2 | $310,000 | $155,000 | $3,464 | 4.38% |
For 2020, One Community Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 5 originations. The 2nd most popular reason was Cash Out Refi, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 5 | $885,000 | $177,000 | $3,575 | 4.18% |
| 10 Year | 1 | $165,000 | $165,000 | $3,450 | 3.75% |
| 20 Year | 1 | $145,000 | $145,000 | $3,479 | 5.00% |
For 2020, One Community Federal Credit Union's most frequently cited loan duration was 30 Year, with 5 originations. The 2nd most popular length was 10 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 7 | $1,195,000 | $170,714 |
One Community Federal Credit Union's average total fees were $3,575, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 4 | $650,000 | $162,500 |
| 4-5% | 3 | $545,000 | $181,667 |
During 2020, One Community Federal Credit Union's average interest rate for loans was 4.18%, while their most frequently originated rate bucket for loans was 3-4%, with 4 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 6 | $960,000 | $160,000 | $3,510 | 4.19% |
| $200k-400k | 1 | $235,000 | $235,000 | $3,745 | 4.50% |
2020 saw One Community Federal Credit Union place emphasis on $100k-200k loans with 6 originations, totaling $960,000 in origination value.
Applicant Income
One Community Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 3 originations. The second most popular income band? $75k-100k, with 2 originations.
Applicant Debt to Income Ratio
One Community Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 2 originations. The next most common DTI ratio? 20-30%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 7 | $1,195,000 | $170,714 | $3,544 | 4.23% |
Approval Rates
Total approvals of all applications100.00%
One Community Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 7 | $1,195,000 | $170,714 |