Mortgage One FL Interest Rate and Cost Review

Is Mortgage One FL a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Mortgage One FL with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratelower than average (-0.26%)
Loan Related Closing Costslower than average (-$581)
National Rate and Closing Cost Rating(5.0)
Websitehttps://www.mortgage1one.com

On average, Mortgage One FL’s interest rates were lower than those of other lenders (-0.26%) for a comparable set of borrowers. Its average total loan related closing cost was lower than those of other lenders, with a difference of -$581. Overall, combining interest rates and closing costs we estimate that Mortgage One FL tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 5.0 out of 5.0 stars.

Mortgage One FL’s Rates by Area

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

  1. Crestview, FL
  2. Panama City Beach, FL
  3. Murphy, NC

Furthermore, Mortgage One FL is our top ranked mortgage lender in terms of interest rate and closing costs in Crestview, FL, overall.

You can click through to check out Mortgage One FL’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Mortgage One FL’s Rates 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 FL originated Conforming, FHA, USDA and VA mortgages for new home purchases. It also originated Conforming and VA mortgages for refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

Purchase/Refinance:
New Purchase MortgagesConformingFHAUSDAVA
Interest Rate Difference-0.21%-0.29%-0.06%-0.28%
Loan Related Closing Cost Difference-$634-$532-$94-$598
Cost Adjusted Rate Difference-0.26%-0.33%-0.07%-0.32%
Star Rating(5.0)(5.0)(4.0)(5.0)
Refinance MortgagesConformingVA
Interest Rate Difference-0.05%-0.13%
Loan Related Closing Cost Difference-$268-$258
Cost Adjusted Rate Difference-0.08%-0.15%
Star Rating(4.0)(4.0)

As a summary, Mortgage One FL is cheap for Conforming, FHA, USDA and VA purchase mortgages. For refinancing mortgages, Mortgage One FL is cheap for Conforming and VA mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Mortgage One FL:

Registered name: Mortgage One of The South Inc
Registered city and state: Fort Walton Beach, FL, 32548
Regulator: Federal Deposit Insurance Corporation (FDIC)
Top holder: SOUTHERN NATIONAL BANKS, INC.

* 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 FL’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.