Mortgage One Solutions Interest Rate and Cost Review

Is Mortgage One Solutions a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Mortgage One Solutions 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 Mortgage One Solutions nationally:

Review ItemMortgage One Solutions
Interest Ratehigher than other lenders (+0.19%)
Loan Related Closing Costshigher than other lenders (+$724)
National Rate and Closing Cost Star Rating(2.5)

On average, Mortgage One Solutions’s interest rates were higher than those of other lenders (+0.19%) for a comparable set of borrowers. Its loan related closing costs were also higher than those of other lenders, with a difference of +$724. Overall, combining interest rates and closing costs we estimate that Mortgage One Solutions 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 Mortgage One Solutions, its website is located at: http://lending1s.com.

Mortgage One Solutions’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. In particular, among the cities we track Mortgage One Solutions was most active in:

  1. Washington, DC
  2. Lancaster, PA
  3. Richmond, VA
  4. Stafford Courthouse, VA
  5. Baltimore, MD

You can click through to check out Mortgage One Solutions’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.

Mortgage One Solutions’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, Mortgage One Solutions originated Conforming, FHA and VA mortgages for new home purchases. It also originated Conforming, FHA and Jumbo 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.

Purchase/Refinance:
New Purchase MortgagesConformingFHAVA
Interest Rate Difference+0.19%+0.24%+0.01%
Loan Related Closing Cost Difference+$765+$810+$125
Cost Adjusted Rate Difference+0.24%+0.28%+0.02%
National Star Rating(2.5)(2)(3.5)
Refinance MortgagesConformingFHAJumbo
Interest Rate Difference+0.07%-0.01%+0.03%
Loan Related Closing Cost Difference+$249+$546+$98
Cost Adjusted Rate Difference+0.08%+0.02%+0.03%
Average Star Rating(3)(3.5)(3.5)

As a summary, Mortgage One Solutions is similar to other lenders for VA purchase mortgages. It is more expensive than other lenders for Conforming and FHA purchase mortgages. For refinancing mortgages, Mortgage One Solutions is similar to other lenders for FHA and Jumbo mortgage refinance. It is more expensive than other lenders for Conforming 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 Mortgage One Solutions:

Registered name: Mortgage One Solutions, Inc
Registered city and state: Vienna, VA, 22182
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 Mortgage One Solutions’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.