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 Refi, Home Purchase, and Cash Out Refi 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, and Lebanon among others. We have data for 5 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% 11/23/24
    30 Year Conventional Purchase 6.46% 11/23/24
    30 Year Conventional Refi 6.40% 11/23/24
    30 Year Cash-out Refi 6.44% 11/23/24
    30 Year VA Purchase 5.58% 11/23/24
    30 Year USDA Purchase 6.51% 11/23/24
    15 Year Conventional Purchase 6.17% 11/23/24
    15 Year Conventional Refi 6.33% 11/23/24
    15 Year Cash-out Refi 6.33% 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.

    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

    1,279

    Origination Dollar Volume (All Markets)

    $228,255,000
    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) 855 $161,105,000 $188,427 $2,343 3.45%
    Outside of Metro Areas 335 $50,465,000 $150,642 $2,214 3.43%
    Barre, VT (FHA|USDA|VA) 52 $10,290,000 $197,885 $2,738 3.33%
    Rutland, VT (FHA|USDA|VA) 26 $4,720,000 $181,538 $2,372 3.19%
    Lebanon, NH-VT (FHA|USDA|VA) 11 $1,675,000 $152,273 $2,443 3.43%
    Vermont Federal Credit Union's top markets include Burlington, Barre, Rutland, and Lebanon 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: 188
    Vermont Federal Credit Union
    Similarity Rank: 355
    VERMONT STATE EMPLOYEES
    Similarity Rank: 396
    NORTH COUNTRY
    Similarity Rank: 513
    MSA MORTGAGE, LLC
    Similarity Rank: 638
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 660
    Mascoma Bank
    Similarity Rank: 676
    Union Bank
    Similarity Rank: 935
    Community Bank
    Similarity Rank: 1363
    NORTHEAST HOME LOAN, LLC
    Similarity Rank: 1392

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 966 $198,040,000 $205,010 $2,178 3.32%
    HELOC 273 $20,495,000 $75,073 n/a 3.90%
    VA 21 $5,885,000 $280,238 $6,536 3.15%
    USDA 19 $3,835,000 $201,842 $5,288 2.96%

    For 2020, Vermont Federal Credit Union's most frequently originated type of loan was Conventional, with 966 originations. Their 2nd most popular type was HELOC, with 273 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 450 $85,840,000 $190,756 $1,934 3.08%
    Home Purchase 305 $73,145,000 $239,820 $3,389 3.40%
    Cash Out Refi 246 $50,940,000 $207,073 $2,404 3.44%
    Home Improvement 226 $15,320,000 $67,788 $336 3.99%
    Other 52 $3,010,000 $57,885 $389 4.26%

    For 2020, Vermont Federal Credit Union's most frequently cited loan purpose was Refi, with 450 originations. The 2nd most popular reason was Home Purchase, with 305 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 506 $124,950,000 $246,937 $3,195 3.34%
    20 Year 342 $39,650,000 $115,936 $2,461 3.68%
    10 Year 198 $28,250,000 $142,677 $297 3.38%
    15 Year 165 $26,825,000 $162,576 $2,011 3.45%
    Other 33 $3,985,000 $120,758 $339 2.88%
    5 Year 32 $3,820,000 $119,375 $232 3.21%
    3 Year 2 $60,000 $30,000 $236 2.49%
    1 Year 1 $715,000 $715,000 $0 4.25%

    For 2020, Vermont Federal Credit Union's most frequently cited loan duration was 30 Year, with 506 originations. The 2nd most popular length was 20 Year, with 342 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 732 $134,950,000 $184,358
    $1k-2k 164 $36,500,000 $222,561
    $2k-3k 38 $12,160,000 $320,000
    $3k-4k 11 $2,935,000 $266,818
    $5k+ 9 $2,755,000 $306,111
    $4k-5k 6 $1,340,000 $223,333

    Vermont Federal Credit Union's average total fees were $3,195, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 732 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 671 $130,245,000 $194,106
    2.5-3% 376 $71,390,000 $189,867
    4-5% 119 $13,675,000 $114,916
    <2.5% 59 $10,015,000 $169,746
    5-6% 27 $1,525,000 $56,481
    6-7% 25 $1,305,000 $52,200
    7-8% 1 $55,000 $55,000
    Over 8% 1 $45,000 $45,000

    During 2020, Vermont Federal Credit Union's average interest rate for loans was 3.34%, while their most frequently originated rate bucket for loans was 3-4%, with 671 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 439 $117,075,000 $266,686 $3,000 3.25%
    $100k-200k 434 $64,910,000 $149,562 $2,051 3.25%
    $100,000 or less 361 $18,295,000 $50,679 $765 3.89%
    $400k-600k 32 $15,010,000 $469,063 $4,934 3.19%
    $600k-1MM 8 $6,360,000 $795,000 $4,754 3.53%
    $1MM+ 5 $6,605,000 $1,321,000 $4,004 3.47%

    2020 saw Vermont Federal Credit Union place emphasis on $200k-400k loans with 439 originations, totaling $117,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 352 $63,850,000 $181,392 $2,242 3.45%
    $50k-75k 316 $50,100,000 $158,544 $2,467 3.41%
    $75k-100k 226 $38,240,000 $169,204 $2,380 3.44%
    $150k-250k 177 $35,265,000 $199,237 $2,333 3.39%
    $50k or less 157 $20,435,000 $130,159 $2,010 3.50%
    $250k+ 35 $13,665,000 $390,429 $2,971 3.41%

    Vermont Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 352 originations. The second most popular income band? $50k-75k, with 316 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 295 $50,255,000 $170,356 $2,183 3.34%
    30-36% 257 $43,375,000 $168,774 $2,321 3.50%
    <20% 131 $19,815,000 $151,260 $1,809 3.16%
    42% 58 $10,170,000 $175,345 $2,433 3.49%
    43% 53 $8,015,000 $151,226 $2,552 3.72%
    44% 51 $8,595,000 $168,529 $2,808 3.58%
    39% 48 $7,950,000 $165,625 $2,434 3.57%
    37% 42 $8,050,000 $191,667 $2,768 3.42%
    38% 41 $7,315,000 $178,415 $3,134 3.52%
    41% 39 $6,845,000 $175,513 $2,687 3.48%
    36% 37 $7,175,000 $193,919 $2,169 3.54%
    40% 36 $6,270,000 $174,167 $2,528 3.50%
    46% 35 $6,765,000 $193,286 $2,316 3.28%
    49% 24 $6,800,000 $283,333 $3,438 3.36%
    45% 22 $3,130,000 $142,273 $1,924 3.51%
    47% 20 $3,760,000 $188,000 $2,783 3.24%
    48% 20 $3,670,000 $183,500 $2,215 3.54%
    50-60% 17 $2,415,000 $142,059 $1,019 3.56%
    >60% 3 $225,000 $75,000 $236 3.13%

    Vermont Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 295 originations. The next most common DTI ratio? 30-36%, with 257 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 783 $129,925,000 $165,932 $2,173 3.49%
    Not provided 444 $82,070,000 $184,842 $2,572 3.31%
    Not applicable 33 $13,255,000 $401,667 $0 3.65%
    Asian 13 $2,135,000 $164,231 $1,682 3.78%
    Black 5 $715,000 $143,000 $4,682 3.16%
    American Indian 1 $155,000 $155,000 $2,229 2.75%

    Approval Rates

    Total approvals of all applications
    92.48%

    Vermont Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.25%

    Vermont Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 264 $19,500,000 $73,864
    1318.0 1 $225,000 $225,000
    1501.75 1 $295,000 $295,000
    1718.0 1 $195,000 $195,000
    2361.75 1 $425,000 $425,000
    680.0 1 $175,000 $175,000
    768.0 17 $3,215,000 $189,118
    NA 993 $204,225,000 $205,665

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $6,840,000 $855,000
    Single Family (1-4 Units):Manufactured 40 $4,110,000 $102,750
    Single Family (1-4 Units):Site-Built 1,231 $217,305,000 $176,527

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 173 $15,965,000 $92,283 $992 3.60%
    40-60% 200 $32,550,000 $162,750 $1,763 3.17%
    60-80% 427 $98,225,000 $230,035 $2,474 3.32%
    80-100% 270 $71,280,000 $264,000 $3,242 3.26%
    Over 100% 8 $2,340,000 $292,500 $9,814 3.38%
    Under 20% 199 $7,685,000 $38,618 $367 4.04%