Vermont Federal Credit Union Mortgage Rates, Fees & Info

Burlington, VT

LEI: 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.

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% 3/28/24
30 Year Conventional Purchase 6.46% 3/28/24
30 Year Conventional Refi 6.40% 3/28/24
30 Year Cash-out Refi 6.44% 3/28/24
30 Year VA Purchase 5.58% 3/28/24
30 Year USDA Purchase 6.51% 3/28/24
15 Year Conventional Purchase 6.17% 3/28/24
15 Year Conventional Refi 6.33% 3/28/24
15 Year Cash-out Refi 6.33% 3/28/24
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

1,098

Origination Dollar Volume (All Markets)

$215,260,000

Awards

Vermont Federal Credit Union 30 Year Conventional Loans bronze Vermont Federal Credit Union USDA Loans gold Vermont Federal Credit Union USDA Loans gold
Show all (3) 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) 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%
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.

    Community National Bank
    Similarity Rank: 130
    Northfield Savings Bank
    Similarity Rank: 225
    Vermont Federal Credit Union
    Similarity Rank: 408
    VERMONT STATE EMPLOYEES
    Similarity Rank: 550
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 697
    Mascoma Bank
    Similarity Rank: 754
    Union Bank
    Similarity Rank: 962
    MSA MORTGAGE, LLC
    Similarity Rank: 1020
    NORTH COUNTRY
    Similarity Rank: 1098
    NORTHEAST HOME LOAN, LLC
    Similarity Rank: 1664

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 788 $181,740,000 $230,635 $2,542 3.24%
    HELOC 285 $27,015,000 $94,789 n/a 3.74%
    USDA 15 $3,205,000 $213,667 $5,163 2.97%
    VA 10 $3,300,000 $330,000 $8,735 3.43%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 333 $86,125,000 $258,634 $3,614 3.27%
    Refi 287 $48,385,000 $168,589 $1,910 3.06%
    Cash Out Refi 213 $58,165,000 $273,075 $2,699 3.31%
    Home Improvement 197 $16,465,000 $83,579 $296 3.79%
    Other 68 $6,120,000 $90,000 $382 4.09%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 458 $113,940,000 $248,777 $3,354 3.22%
    20 Year 333 $41,455,000 $124,489 $2,529 3.58%
    10 Year 151 $32,295,000 $213,874 $317 3.42%
    15 Year 113 $18,415,000 $162,965 $2,306 3.32%
    5 Year 22 $5,800,000 $263,636 $205 3.53%
    Other 21 $3,355,000 $159,762 $1,022 3.08%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 527 $102,335,000 $194,184
    $1k-2k 157 $36,505,000 $232,516
    $2k-3k 39 $10,215,000 $261,923
    $3k-4k 12 $3,040,000 $253,333
    $5k+ 10 $3,200,000 $320,000
    $4k-5k 8 $2,440,000 $305,000

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 611 $123,925,000 $202,823
    2.5-3% 304 $63,200,000 $207,895
    4-5% 75 $13,455,000 $179,400
    <2.5% 70 $11,840,000 $169,143
    5-6% 17 $965,000 $56,765
    6-7% 13 $975,000 $75,000
    7-8% 3 $155,000 $51,667
    Over 8% 1 $45,000 $45,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 372 $100,010,000 $268,844 $3,306 3.19%
    $100k-200k 338 $50,790,000 $150,266 $2,427 3.22%
    $100,000 or less 315 $16,825,000 $53,413 $1,007 3.71%
    $400k-600k 53 $24,795,000 $467,830 $3,974 3.33%
    $600k-1MM 14 $10,180,000 $727,143 $4,818 3.62%
    $1MM+ 6 $12,660,000 $2,110,000 $0 3.96%

    2021 saw Vermont Federal Credit Union place emphasis on $200k-400k loans with 372 originations, totaling $100,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 287 $54,665,000 $190,470 $2,550 3.36%
    $50k-75k 235 $38,165,000 $162,404 $2,868 3.23%
    $75k-100k 203 $35,375,000 $174,261 $2,863 3.38%
    $150k-250k 143 $30,355,000 $212,273 $2,611 3.41%
    $50k or less 127 $15,605,000 $122,874 $2,301 3.36%
    $250k+ 53 $13,875,000 $261,792 $2,610 3.44%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 257 $44,005,000 $171,226 $2,728 3.26%
    30-36% 215 $41,045,000 $190,907 $2,670 3.35%
    <20% 123 $20,455,000 $166,301 $2,188 3.23%
    42% 45 $7,245,000 $161,000 $2,642 3.61%
    43% 43 $8,555,000 $198,953 $3,127 3.55%
    39% 43 $7,085,000 $164,767 $2,997 3.47%
    41% 42 $7,960,000 $189,524 $2,377 3.29%
    37% 39 $7,265,000 $186,282 $2,972 3.22%
    36% 37 $6,735,000 $182,027 $3,058 3.45%
    40% 34 $4,280,000 $125,882 $2,747 3.59%
    38% 34 $6,000,000 $176,471 $2,317 3.55%
    45% 26 $4,830,000 $185,769 $2,908 3.50%
    47% 24 $6,030,000 $251,250 $2,845 3.22%
    44% 21 $3,695,000 $175,952 $2,526 3.32%
    49% 16 $3,180,000 $198,750 $2,696 3.26%
    46% 15 $3,125,000 $208,333 $3,144 3.10%
    48% 11 $2,435,000 $221,364 $3,025 3.08%
    50-60% 10 $840,000 $84,000 $1,519 3.15%
    >60% 5 $645,000 $129,000 $1,057 3.63%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 706 $121,880,000 $172,635 $2,603 3.39%
    Not provided 325 $62,465,000 $192,200 $2,767 3.24%
    Not applicable 50 $27,220,000 $544,400 $0 3.91%
    Asian 8 $2,200,000 $275,000 $3,377 3.22%
    Black 4 $850,000 $212,500 $4,813 3.56%
    American Indian 4 $590,000 $147,500 $3,282 3.59%
    Native Hawaiian or Islander 1 $55,000 $55,000 $236 3.10%

    Approval Rates

    Total approvals of all applications
    90.75%

    Vermont Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.79%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,098 $215,260,000 $196,047

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 168 $17,420,000 $103,690 $1,077 3.71%
    40-60% 179 $31,405,000 $175,447 $2,311 3.07%
    60-80% 335 $85,355,000 $254,791 $2,744 3.28%
    80-100% 234 $70,820,000 $302,650 $3,508 3.23%
    Over 100% 7 $1,915,000 $273,571 $10,668 3.21%
    Under 20% 169 $7,175,000 $42,456 $443 3.71%