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 (well, only) market is Parkersburg.One Community Federal Credit Union has a below 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
2Origination Dollar Volume (All Markets)
$280,000Top 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) | 2 | $280,000 | $140,000 | $4,355 | 3.19% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2 | $280,000 | $140,000 | $4,355 | 3.19% |
For 2021, One Community Federal Credit Union's most frequently originated type of loan was Conventional, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 1 | $145,000 | $145,000 | $4,440 | 3.75% |
| Cash Out Refi | 1 | $135,000 | $135,000 | $4,269 | 2.63% |
For 2021, One Community Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 1 originations. The 2nd most popular reason was Cash Out Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 1 | $135,000 | $135,000 | $4,269 | 2.63% |
| 30 Year | 1 | $145,000 | $145,000 | $4,440 | 3.75% |
For 2021, One Community Federal Credit Union's most frequently cited loan duration was 10 Year, with 1 originations. The 2nd most popular length was 30 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1 | $135,000 | $135,000 |
| $2k-3k | 1 | $145,000 | $145,000 |
One Community Federal Credit Union's average total fees were $4,440, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1 | $135,000 | $135,000 |
| 3-4% | 1 | $145,000 | $145,000 |
During 2021, One Community Federal Credit Union's average interest rate for loans was 3.75%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 2 | $280,000 | $140,000 | $4,355 | 3.19% |
2021 saw One Community Federal Credit Union place emphasis on $100k-200k loans with 2 originations, totaling $280,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 1 | $135,000 | $135,000 | $4,269 | 2.63% |
| $75k-100k | 1 | $145,000 | $145,000 | $4,440 | 3.75% |
One Community Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1 originations. The second most popular income band? $75k-100k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 36% | 2 | $280,000 | $140,000 | $4,355 | 3.19% |
One Community Federal Credit Union lent most frequently to those with DTI ratios of 36%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2 | $280,000 | $140,000 | $4,355 | 3.19% |
Approval Rates
Total approvals of all applications66.67%
One Community Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2 | $280,000 | $140,000 |