Community One Credit Union Of Ohio Inc Mortgage Rates, Fees & Info

North Canton, OH

LEI: 984500FC8569569B5B24

Tax ID: 34-0130830

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Community One Credit Union Of Ohio Inc is a smaller credit union specializing in Cash Out Refi and Refi loans. Community One Credit Union Of Ohio Inc has a high proportion of conventional loans. Their top two markets are Canton and Akron .

    Community One Credit Union Of Ohio Inc has an above average approval rate when compared to the average across all lenders. Community One Credit Union Of Ohio Inc 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.45% 11/21/24
    30 Year Conventional Refi 6.11% 11/21/24
    30 Year Cash-out Refi 6.15% 11/21/24
    15 Year Conventional Purchase 6.19% 11/21/24
    15 Year Conventional Refi 6.03% 11/21/24
    15 Year Cash-out Refi 6.03% 11/21/24
    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.

    Community One Credit Union Of Ohio Inc Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Community One Credit Union Of Ohio Inc. 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

    61

    Origination Dollar Volume (All Markets)

    $4,235,000

    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
    CANTON-MASSILLON, OH (FHA|USDA|VA) 58 $4,120,000 $71,034 $2,604 6.10%
    AKRON, OH (FHA|USDA|VA) 3 $115,000 $38,333 $4,293 6.43%
    Community One Credit Union Of Ohio Inc's top markets include Canton and Akron among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 47 $3,695,000 $78,617 $2,675 6.09%
    HELOC 14 $540,000 $38,571 n/a 6.21%

    For 2019, Community One Credit Union Of Ohio Inc's most frequently originated type of loan was Conventional, with 47 originations. Their 2nd most popular type was HELOC, with 14 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 27 $1,245,000 $46,111 $1,286 6.37%
    Refi 23 $2,435,000 $105,870 $2,444 6.25%
    Home Purchase 5 $345,000 $69,000 $4,941 4.90%
    Other 4 $150,000 $37,500 $0 5.20%
    Home Improvement 2 $60,000 $30,000 $0 6.12%

    For 2019, Community One Credit Union Of Ohio Inc's most frequently cited loan purpose was Cash Out Refi, with 27 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 23 $1,825,000 $79,348 $2,680 5.99%
    10 Year 18 $880,000 $48,889 $1,446 7.09%
    5 Year 6 $150,000 $25,000 $50 6.16%
    20 Year 5 $735,000 $147,000 $1,445 5.14%
    30 Year 5 $345,000 $69,000 $4,941 4.90%
    Other 4 $300,000 $75,000 $2,597 5.21%

    For 2019, Community One Credit Union Of Ohio Inc's most frequently cited loan duration was 15 Year, with 23 originations. The 2nd most popular length was 10 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1 $135,000 $135,000

    Community One Credit Union Of Ohio Inc's average total fees were $4,941, 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
    5-6% 17 $935,000 $55,000
    4-5% 13 $1,335,000 $102,692
    3-4% 10 $1,180,000 $118,000
    6-7% 10 $320,000 $32,000
    Over 8% 10 $430,000 $43,000
    7-8% 1 $35,000 $35,000

    During 2019, Community One Credit Union Of Ohio Inc's average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 5-6%, with 17 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 50 $2,200,000 $44,000 $2,349 6.48%
    $100k-200k 9 $1,425,000 $158,333 $2,843 4.66%
    $200k-400k 2 $610,000 $305,000 $4,283 3.75%

    2019 saw Community One Credit Union Of Ohio Inc place emphasis on $100,000 or less loans with 50 originations, totaling $2,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 20 $1,100,000 $55,000 $2,441 5.70%
    $100k-150k 13 $1,195,000 $91,923 $1,856 5.92%
    $50k or less 11 $405,000 $36,818 $2,765 7.34%
    $75k-100k 11 $595,000 $54,091 $2,684 6.88%
    $150k-250k 6 $940,000 $156,667 $4,320 4.34%

    Community One Credit Union Of Ohio Inc lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $100k-150k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 20 $1,400,000 $70,000 $1,510 5.82%
    30-36% 10 $910,000 $91,000 $3,709 6.21%
    <20% 7 $385,000 $55,000 $2,781 5.80%
    41% 3 $205,000 $68,333 $5,623 6.16%
    38% 3 $275,000 $91,667 $1,903 5.06%
    42% 3 $195,000 $65,000 $1,376 8.16%
    47% 3 $165,000 $55,000 $1,287 5.59%
    37% 2 $120,000 $60,000 $2,682 8.62%
    36% 2 $110,000 $55,000 $5,616 4.88%
    44% 2 $100,000 $50,000 $0 7.15%
    46% 1 $35,000 $35,000 $3,253 5.50%
    50-60% 1 $35,000 $35,000 $0 5.00%
    40% 1 $45,000 $45,000 $0 6.99%
    39% 1 $25,000 $25,000 $0 6.49%
    48% 1 $195,000 $195,000 $4,360 5.50%
    45% 1 $35,000 $35,000 $0 8.49%

    Community One Credit Union Of Ohio Inc lent most frequently to those with DTI ratios of 20-30%, with 20 originations. The next most common DTI ratio? 30-36%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 59 $4,185,000 $70,932 $2,860 6.07%
    Black 2 $50,000 $25,000 $636 7.49%

    Approval Rates

    Total approvals of all applications
    100.00%

    Community One Credit Union Of Ohio Inc 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 61 $4,235,000 $69,426

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 61 $4,235,000 $69,426

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $595,000 $39,667 $0 6.32%
    40-60% 8 $750,000 $93,750 $2,927 6.96%
    60-80% 19 $1,875,000 $98,684 $2,701 5.03%
    80-100% 5 $615,000 $123,000 $3,135 5.28%
    Under 20% 14 $400,000 $28,571 $1,177 7.20%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Community Loan Fund of New Jersey, Inc Conventional home mortgage Trouble during payment process 1 100.0%