Vermont Federal Credit Union Mortgage Rates, Fees & Info
Burlington, VTLEI: 254900AX2RRO2WMRP742
Tax ID: 03-0194663
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Mortgage Data
Review & Overview
Vermont Federal Credit Union is a smaller credit union specializing in Home Purchase, Refi, 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, 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,098Origination Dollar Volume (All Markets)
$215,260,000Awards
Vermont Federal Credit Union - 2021
Vermont Federal Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 766 | $153,890,000 | $200,901 | $2,629 | 3.39% |
| Outside of Metro Areas | 259 | $47,945,000 | $185,116 | $2,644 | 3.31% |
| Barre, VT (FHA|USDA|VA) | 34 | $7,060,000 | $207,647 | $3,189 | 3.48% |
| Rutland, VT (FHA|USDA|VA) | 23 | $3,585,000 | $155,870 | $3,138 | 3.46% |
| Lebanon, NH-VT (FHA|USDA|VA) | 14 | $2,350,000 | $167,857 | $3,269 | 2.96% |
| Bennington, VT (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $2,719 | 3.00% |
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.
Similarity Rank: 130
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Similarity Rank: 1020
Similarity Rank: 1098
Similarity Rank: 1664
Product Mix
For 2021, Vermont Federal Credit Union's most frequently originated type of loan was Conventional, with 788 originations. Their 2nd most popular type was HELOC, with 285 originations.
Loan Reason
For 2021, Vermont Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 333 originations. The 2nd most popular reason was Refi, with 287 originations.
Loan Duration/Length
For 2021, Vermont Federal Credit Union's most frequently cited loan duration was 30 Year, with 458 originations. The 2nd most popular length was 20 Year, with 333 originations.
Origination Fees/Closing Costs
Vermont Federal Credit Union's average total fees were $3,354, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 527 originations.
Interest Rates
During 2021, Vermont Federal Credit Union's average interest rate for loans was 3.22%, while their most frequently originated rate bucket for loans was 3-4%, with 611 originations.
Loan Sizing
2021 saw Vermont Federal Credit Union place emphasis on $200k-400k loans with 372 originations, totaling $100,010,000 in origination value.
Applicant Income
Vermont Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 287 originations. The second most popular income band? $50k-75k, with 235 originations.
Applicant Debt to Income Ratio
Vermont Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 257 originations. The next most common DTI ratio? 30-36%, with 215 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.75%
Vermont Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination84.79%
Vermont Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 281 | $26,615,000 | $94,715 |
| 1102.69 | 1 | $85,000 | $85,000 |
| 1180.0 | 1 | $315,000 | $315,000 |
| 1398.0 | 1 | $165,000 | $165,000 |
| 1720.13 | 1 | $255,000 | $255,000 |
| 1741.75 | 1 | $385,000 | $385,000 |
| 1788.0 | 1 | $205,000 | $205,000 |
| 1841.75 | 1 | $425,000 | $425,000 |
| 1905.5 | 1 | $455,000 | $455,000 |
| 2083.0 | 1 | $135,000 | $135,000 |
| 2093.0 | 1 | $265,000 | $265,000 |
| 2616.75 | 1 | $245,000 | $245,000 |
| 5236.75 | 1 | $325,000 | $325,000 |
| 680.0 | 1 | $155,000 | $155,000 |
| 7508.0 | 1 | $335,000 | $335,000 |
| 768.0 | 15 | $3,025,000 | $201,667 |
| NA | 788 | $181,870,000 | $230,799 |