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 loans. Community One Credit Union Of Ohio Inc has a high proportion of conventional loans. Their top markets by origination volume include: Canton, Akron, Salem, and Wooster among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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 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.

    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% 11/23/24
    30 Year Conventional Refi 6.11% 11/23/24
    30 Year Cash-out Refi 6.15% 11/23/24
    15 Year Conventional Purchase 6.19% 11/23/24
    15 Year Conventional Refi 6.03% 11/23/24
    15 Year Cash-out Refi 6.03% 11/23/24
    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

    107

    Origination Dollar Volume (All Markets)

    $6,995,000

    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) 90 $5,700,000 $63,333 $3,314 5.40%
    AKRON, OH (FHA|USDA|VA) 14 $950,000 $67,857 $2,370 6.34%
    Salem, OH (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.25%
    Wooster, OH (FHA|USDA|VA) 2 $170,000 $85,000 $6,647 6.38%
    Community One Credit Union Of Ohio Inc's top markets include Canton, Akron, Salem, and Wooster among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 72 $5,110,000 $70,972 $3,201 5.52%
    HELOC 35 $1,885,000 $53,857 n/a 5.54%

    For 2022, Community One Credit Union Of Ohio Inc's most frequently originated type of loan was Conventional, with 72 originations. Their 2nd most popular type was HELOC, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 81 $4,895,000 $60,432 $2,645 5.71%
    Home Purchase 12 $1,080,000 $90,000 $5,756 4.75%
    Refi 7 $695,000 $99,286 $2,385 4.07%
    Home Improvement 6 $220,000 $36,667 $817 5.88%
    Other 1 $105,000 $105,000 $0 8.50%

    For 2022, Community One Credit Union Of Ohio Inc's most frequently cited loan purpose was Cash Out Refi, with 81 originations. The 2nd most popular reason was Home Purchase, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 58 $3,660,000 $63,103 $2,526 5.47%
    10 Year 22 $1,060,000 $48,182 $3,530 6.31%
    30 Year 15 $1,815,000 $121,000 $4,354 4.83%
    5 Year 8 $180,000 $22,500 $786 5.08%
    20 Year 2 $200,000 $100,000 $3,588 4.69%
    Other 2 $80,000 $40,000 $1,585 6.38%

    For 2022, Community One Credit Union Of Ohio Inc's most frequently cited loan duration was 15 Year, with 58 originations. The 2nd most popular length was 10 Year, with 22 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 35 $2,445,000 $69,857
    5-6% 21 $1,495,000 $71,190
    3-4% 14 $1,130,000 $80,714
    Over 8% 13 $485,000 $37,308
    6-7% 9 $405,000 $45,000
    7-8% 8 $340,000 $42,500
    2.5-3% 7 $695,000 $99,286

    During 2022, Community One Credit Union Of Ohio Inc's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 35 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 86 $4,100,000 $47,674 $2,906 5.72%
    $100k-200k 20 $2,620,000 $131,000 $3,860 4.79%
    $200k-400k 1 $275,000 $275,000 $4,507 3.63%

    2022 saw Community One Credit Union Of Ohio Inc place emphasis on $100,000 or less loans with 86 originations, totaling $4,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 30 $1,770,000 $59,000 $1,312 5.16%
    $50k-75k 26 $1,660,000 $63,846 $2,732 5.99%
    $75k-100k 21 $1,255,000 $59,762 $1,759 5.38%
    $50k or less 18 $1,000,000 $55,556 $6,188 6.07%
    $150k-250k 10 $970,000 $97,000 $4,766 5.12%
    $250k+ 2 $340,000 $170,000 $4,507 3.81%

    Community One Credit Union Of Ohio Inc lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $50k-75k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 32 $2,180,000 $68,125 $2,868 5.43%
    30-36% 24 $1,450,000 $60,417 $4,253 5.64%
    36% 9 $685,000 $76,111 $2,255 5.01%
    43% 7 $635,000 $90,714 $4,754 5.50%
    <20% 7 $445,000 $63,571 $3,676 5.23%
    45% 6 $240,000 $40,000 $2,332 7.17%
    50-60% 4 $200,000 $50,000 $3,640 4.72%
    39% 4 $230,000 $57,500 $2,867 5.25%
    38% 3 $235,000 $78,333 $2,408 4.93%
    41% 3 $155,000 $51,667 $0 6.75%
    46% 2 $180,000 $90,000 $1,556 6.31%
    42% 2 $110,000 $55,000 $801 4.75%
    48% 2 $170,000 $85,000 $0 6.25%
    37% 1 $35,000 $35,000 $0 4.25%
    47% 1 $45,000 $45,000 $135 5.50%

    Community One Credit Union Of Ohio Inc lent most frequently to those with DTI ratios of 20-30%, with 32 originations. The next most common DTI ratio? 30-36%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 100 $6,690,000 $66,900 $3,309 5.44%
    Black 7 $305,000 $43,571 $1,851 6.73%

    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 107 $6,995,000 $65,374

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    107 $6,995,000 $65,374

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $1,670,000 $52,188 $1,472 6.10%
    40-60% 19 $1,625,000 $85,526 $4,101 5.53%
    60-80% 17 $2,005,000 $117,941 $3,996 4.62%
    80-100% 6 $590,000 $98,333 $5,403 4.23%
    Under 20% 33 $1,105,000 $33,485 $620 5.68%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) FHA mortgage Struggling to pay mortgage 2 66.7%
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) Other type of mortgage Trouble during payment process 1 33.3%