Vermont Federal Credit Union Mortgage Rates, Fees & Info

Burlington, VT

LEI: 254900AX2RRO2WMRP742

Tax ID: 03-0194663

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Vermont Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Vermont Federal Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Burlington, Barre, Rutland, Lebanon, and Bennington among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Vermont Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Vermont Federal Credit Union 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/21/24
    30 Year Conventional Purchase 6.46% 11/21/24
    30 Year Conventional Refi 6.40% 11/21/24
    30 Year Cash-out Refi 6.44% 11/21/24
    30 Year VA Purchase 5.58% 11/21/24
    30 Year USDA Purchase 6.51% 11/21/24
    15 Year Conventional Purchase 6.17% 11/21/24
    15 Year Conventional Refi 6.33% 11/21/24
    15 Year Cash-out Refi 6.33% 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.

    Vermont Federal Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Vermont Federal Credit Union. 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

    811

    Origination Dollar Volume (All Markets)

    $115,535,000
    Show all (5) awards

    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
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 537 $81,825,000 $152,374 $2,385 4.69%
    Outside of Metro Areas 225 $28,015,000 $124,511 $2,237 4.53%
    Barre, VT (FHA|USDA|VA) 21 $2,635,000 $125,476 $2,212 4.45%
    Rutland, VT (FHA|USDA|VA) 24 $2,090,000 $87,083 $1,959 4.53%
    Lebanon, NH-VT (FHA|USDA|VA) 3 $605,000 $201,667 $3,708 4.46%
    Bennington, VT (FHA|USDA|VA) 1 $365,000 $365,000 $3,676 5.25%
    Vermont Federal Credit Union's top markets include Burlington, Barre, Rutland, Lebanon, and Bennington among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Vermont Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Northfield Savings Bank
    Similarity Rank: 70
    VERMONT STATE EMPLOYEES
    Similarity Rank: 108
    Vermont Federal Credit Union
    Similarity Rank: 120
    MSA MORTGAGE, LLC
    Similarity Rank: 150
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 169
    NORTH COUNTRY
    Similarity Rank: 368
    Union Bank
    Similarity Rank: 564
    People's United Bank
    Similarity Rank: 602
    NBT Bank
    Similarity Rank: 648
    NORTHEAST HOME LOAN, LLC
    Similarity Rank: 1288

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 540 $89,570,000 $165,870 $2,115 4.58%
    HELOC 230 $17,960,000 $78,087 n/a 4.82%
    USDA 29 $5,295,000 $182,586 $4,658 4.29%
    VA 12 $2,710,000 $225,833 $5,719 4.36%

    For 2018, Vermont Federal Credit Union's most frequently originated type of loan was Conventional, with 540 originations. Their 2nd most popular type was HELOC, with 230 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 329 $67,485,000 $205,122 $3,314 4.64%
    Home Improvement 173 $10,435,000 $60,318 $382 4.93%
    Refi 119 $13,535,000 $113,739 $1,044 4.20%
    Cash Out Refi 98 $16,660,000 $170,000 $1,797 4.56%
    Other 91 $7,265,000 $79,835 $361 4.68%
    NA 1 $155,000 $155,000 $5,336 5.50%

    For 2018, Vermont Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 329 originations. The 2nd most popular reason was Home Improvement, with 173 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 339 $70,835,000 $208,953 $3,345 4.61%
    20 Year 205 $16,825,000 $82,073 $2,609 4.76%
    10 Year 110 $11,880,000 $108,000 $370 4.20%
    15 Year 90 $8,480,000 $94,222 $1,181 5.37%
    5 Year 36 $2,620,000 $72,778 $299 3.86%
    Other 27 $3,745,000 $138,704 $994 4.32%
    1 Year 3 $1,065,000 $355,000 $0 5.00%
    3 Year 1 $85,000 $85,000 $236 2.88%

    For 2018, Vermont Federal Credit Union's most frequently cited loan duration was 30 Year, with 339 originations. The 2nd most popular length was 20 Year, with 205 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 179 $35,695,000 $199,413
    $<1k 176 $33,880,000 $192,500
    $2k-3k 22 $4,790,000 $217,727
    $3k-4k 5 $1,475,000 $295,000
    $4k-5k 2 $360,000 $180,000
    $5k+ 2 $510,000 $255,000

    Vermont Federal Credit Union's average total fees were $3,345, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 179 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 481 $76,025,000 $158,056
    3-4% 133 $17,205,000 $129,361
    5-6% 102 $15,920,000 $156,078
    2.5-3% 39 $3,495,000 $89,615
    6-7% 39 $2,125,000 $54,487
    7-8% 11 $525,000 $47,727
    Over 8% 4 $120,000 $30,000
    <2.5% 2 $120,000 $60,000

    During 2018, Vermont Federal Credit Union's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 481 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 331 $15,775,000 $47,659 $806 4.80%
    $100k-200k 267 $39,135,000 $146,573 $2,605 4.46%
    $200k-400k 194 $49,430,000 $254,794 $3,392 4.59%
    $400k-600k 15 $6,605,000 $440,333 $3,185 4.31%
    $600k-1MM 3 $2,085,000 $695,000 $5,060 5.21%
    $1MM+ 1 $2,505,000 $2,505,000 $0 5.50%

    2018 saw Vermont Federal Credit Union place emphasis on $100,000 or less loans with 331 originations, totaling $15,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 214 $26,130,000 $122,103 $2,434 4.55%
    $75k-100k 179 $26,095,000 $145,782 $2,506 4.69%
    $100k-150k 162 $22,230,000 $137,222 $1,972 4.69%
    $50k or less 122 $12,100,000 $99,180 $2,468 4.48%
    $150k-250k 95 $17,725,000 $186,579 $1,981 4.65%
    $250k+ 23 $7,805,000 $339,348 $2,873 4.93%

    Vermont Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 214 originations. The second most popular income band? $75k-100k, with 179 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 155 $20,055,000 $129,387 $2,216 4.67%
    20-30% 151 $19,555,000 $129,503 $2,174 4.53%
    <20% 72 $8,780,000 $121,944 $1,830 4.42%
    36% 42 $5,220,000 $124,286 $2,171 4.60%
    42% 38 $5,030,000 $132,368 $2,375 4.76%
    39% 38 $4,450,000 $117,105 $2,138 4.83%
    40% 38 $5,790,000 $152,368 $2,470 4.65%
    41% 38 $5,350,000 $140,789 $2,495 4.71%
    44% 33 $5,195,000 $157,424 $3,246 4.57%
    37% 30 $4,480,000 $149,333 $2,328 4.81%
    43% 29 $4,805,000 $165,690 $3,423 4.51%
    38% 24 $3,570,000 $148,750 $2,232 4.87%
    45% 20 $3,330,000 $166,500 $2,435 4.63%
    46% 20 $3,540,000 $177,000 $2,386 4.42%
    50-60% 16 $1,590,000 $99,375 $1,064 4.18%
    48% 16 $2,340,000 $146,250 $2,563 4.82%
    47% 13 $2,195,000 $168,846 $2,417 4.60%
    49% 13 $2,245,000 $172,692 $3,105 4.60%
    >60% 1 $15,000 $15,000 $236 5.20%

    Vermont Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 155 originations. The next most common DTI ratio? 20-30%, with 151 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 566 $82,870,000 $146,413 $2,407 4.60%
    Not provided 215 $27,075,000 $125,930 $2,104 4.67%
    Not applicable 16 $3,450,000 $215,625 $0 5.05%
    Asian 7 $1,065,000 $152,143 $2,028 4.45%
    Black 6 $990,000 $165,000 $2,379 4.65%
    Native Hawaiian or Islander 1 $85,000 $85,000 $2,301 5.75%

    Approval Rates

    Total approvals of all applications
    91.24%

    Vermont Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.70%

    Vermont Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 21 $2,205,000 $105,000
    1076.63 1 $255,000 $255,000
    NA 789 $113,075,000 $143,314

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $4,110,000 $1,027,500
    Single Family (1-4 Units):Manufactured 30 $2,960,000 $98,667
    Single Family (1-4 Units):Site-Built 777 $108,465,000 $139,595

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 132 $10,550,000 $79,924 $950 4.44%
    40-60% 84 $11,260,000 $134,048 $1,505 4.36%
    60-80% 182 $37,980,000 $208,681 $2,578 4.59%
    80-100% 225 $48,425,000 $215,222 $3,286 4.58%
    Over 100% 4 $810,000 $202,500 $6,872 4.41%
    Under 20% 183 $6,245,000 $34,126 $452 5.01%