Is Vision One Mortgage a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Vision One Mortgage to those of other lenders for a comparable set of borrowers. We maintain our independence by not accepting any money from the mortgage lenders we review. Going by historical data, here is our review of Vision One Mortgage nationally:
|Review Item||Vision One Mortgage|
|Interest Rate||higher than other lenders (+0.12%)|
|Loan Related Closing Costs||higher than other lenders (+$1390)|
|National Rate and Closing Cost Star Rating||(2.5)|
On average, Vision One Mortgage’s interest rates were higher than those of other lenders (+0.12%) for a comparable set of borrowers. Its loan related closing costs were also higher than those of other lenders, with a difference of +$1390. Overall, combining interest rates and closing costs we estimate that Vision One Mortgage tends to be an expensive lender, and give it a National Rate and Closing Costs Rating of 2.5 out of 5 stars. To visit Vision One Mortgage, its website is located at: https://www.visiononemortgage.com.
Vision One Mortgage’s Rate Review by City
Mortgage lenders often set different rates in different geographical markets. In particular, among the cities we track Vision One Mortgage was most active in:
You can click through to check out Vision One Mortgage’s mortgage rate relative to those of other lenders within each city. Or, for our entire list of the top mortgage lenders by city, click here.
Vision One Mortgage’s Rate Review by Mortgage Type
Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Vision One Mortgage originated Conforming, FHA, Jumbo and VA mortgages for new home purchases. It also originated Conforming, FHA and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.
|New Purchase Mortgages||Conforming||FHA||Jumbo||VA|
|Interest Rate Difference||+0.13%||+0.20%||+0.03%||+0.07%|
|Loan Related Closing Cost Difference||+$1717||+$1166||+$62||+$281|
|Cost Adjusted Rate Difference||+0.20%||+0.25%||+0.03%||+0.08%|
|National Star Rating|
|Interest Rate Difference||+0.10%||+0.10%||+0.04%|
|Loan Related Closing Cost Difference||+$1591||+$1162||+$53|
|Cost Adjusted Rate Difference||+0.19%||+0.16%||+0.04%|
|Average Star Rating|
As a summary, Vision One Mortgage is similar to other lenders for Jumbo purchase mortgages. It is more expensive than other lenders for Conforming, FHA and VA purchase mortgages. For refinancing mortgages, Vision One Mortgage is similar to other lenders for VA mortgage refinance. It is more expensive than other lenders for Conforming and FHA mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.
Other information about Vision One Mortgage:
Registered city and state: TUSTIN, CA, 92780
Regulator: United States Department of Housing and Urban Development (HUD)
* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Vision One Mortgage’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.