Victory Community Bank Mortgage Rates, Fees & Info

Fort Mitchell, KY

LEI: 5493004QWS0OT86WNI22

Tax ID: 38-3659161

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

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Mortgage Data

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

    Victory Community Bank is a smaller bank specializing in Home Purchase loans. Victory Community Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Cincinnati, Columbus, Atlanta, Louisville, and Jefferson among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Victory Community Bank 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. Victory Community Bank 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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    Originations

    885

    Origination Dollar Volume (All Markets)

    $201,475,000
    Show all (21) 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
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 628 $138,190,000 $220,048 $1,703 4.62%
    COLUMBUS, OH (FHA|USDA|VA) 93 $24,165,000 $259,839 $2,111 4.46%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 74 $19,850,000 $268,243 $2,587 4.61%
    LOUISVILLE, KY (FHA|USDA|VA) 61 $12,455,000 $204,180 $1,910 4.75%
    Jefferson, GA (FHA|USDA|VA) 16 $4,230,000 $264,375 $1,400 4.57%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $915,000 $305,000 $2,762 4.63%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $555,000 $185,000 $1,711 4.29%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $345,000 $345,000 $4,380 4.25%
    LEBANON, PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,267 4.25%
    Outside of Metro Areas 1 $165,000 $165,000 $2,049 4.63%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $115,000 $115,000 $4,255 4.13%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $115,000 $115,000 $2,014 4.00%
    Somerset, KY (FHA|USDA|VA) 1 $95,000 $95,000 $1,316 4.00%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $85,000 $85,000 $1,559 4.75%
    Victory Community Bank's top markets include Cincinnati, Columbus, Atlanta, Louisville, and Jefferson among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

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

    MIAMI UNIVERSITY COMMUNITY
    Similarity Rank: 120
    The Peoples Bank
    Similarity Rank: 120
    CINCINNATI OHIO POLICE
    Similarity Rank: 172
    Columbus Metro Federal Credit Union
    Similarity Rank: 224
    Greenfield Banking Company
    Similarity Rank: 255
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 324
    COMMONWEALTH
    Similarity Rank: 345
    First Harrison Bank
    Similarity Rank: 357
    CLASS ACT FEDERAL CREDIT UNION
    Similarity Rank: 357
    TrueCore Federal Credit Union
    Similarity Rank: 360

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 707 $160,605,000 $227,164 $1,189 4.65%
    FHA 111 $24,935,000 $224,640 $4,653 4.45%
    VA 47 $12,145,000 $258,404 $5,194 4.30%
    USDA 20 $3,790,000 $189,500 $2,636 4.43%

    For 2018, Victory Community Bank's most frequently originated type of loan was Conventional, with 707 originations. Their 2nd most popular type was FHA, with 111 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 800 $177,910,000 $222,388 $1,909 4.57%
    Cash Out Refi 43 $14,275,000 $331,977 $1,311 4.95%
    Refi 42 $9,290,000 $221,190 $1,130 4.91%

    For 2018, Victory Community Bank's most frequently cited loan purpose was Home Purchase, with 800 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 762 $176,140,000 $231,155 $1,977 4.59%
    15 Year 89 $12,195,000 $137,022 $1,031 4.58%
    20 Year 15 $3,175,000 $211,667 $1,010 4.97%
    10 Year 14 $1,430,000 $102,143 $1,239 4.48%
    5 Year 3 $315,000 $105,000 $620 5.75%
    Other 2 $8,220,000 $4,110,000 $310 5.56%

    For 2018, Victory Community Bank's most frequently cited loan duration was 30 Year, with 762 originations. The 2nd most popular length was 15 Year, with 89 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 827 $179,565,000 $217,128
    $1k-2k 24 $5,660,000 $235,833
    $2k-3k 7 $1,725,000 $246,429
    $3k-4k 5 $1,295,000 $259,000
    $5k+ 2 $8,190,000 $4,095,000

    Victory Community Bank's average total fees were $1,977, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 827 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 668 $157,800,000 $236,228
    3-4% 119 $27,495,000 $231,050
    5-6% 86 $14,890,000 $173,140
    6-7% 10 $1,110,000 $111,000
    7-8% 2 $180,000 $90,000

    During 2018, Victory Community Bank's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 4-5%, with 668 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 436 $119,830,000 $274,839 $2,352 4.51%
    $100k-200k 310 $47,270,000 $152,484 $1,489 4.63%
    $100,000 or less 95 $6,495,000 $68,368 $978 4.96%
    $400k-600k 41 $18,765,000 $457,683 $1,462 4.53%
    $600k-1MM 2 $1,310,000 $655,000 $1,570 4.44%
    $1MM+ 1 $7,805,000 $7,805,000 $0 4.63%

    2018 saw Victory Community Bank place emphasis on $200k-400k loans with 436 originations, totaling $119,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 241 $62,165,000 $257,946 $1,895 4.57%
    $50k-75k 201 $36,655,000 $182,363 $2,026 4.60%
    $75k-100k 164 $35,100,000 $214,024 $2,403 4.62%
    $150k-250k 128 $37,780,000 $295,156 $1,291 4.54%
    $50k or less 115 $13,665,000 $118,826 $1,408 4.73%
    $250k+ 30 $7,770,000 $259,000 $1,259 4.45%

    Victory Community Bank lent most frequently to those with incomes in the $100k-150k range, with 241 originations. The second most popular income band? $50k-75k, with 201 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 212 $45,270,000 $213,538 $1,503 4.51%
    30-36% 166 $37,010,000 $222,952 $1,880 4.62%
    <20% 63 $11,845,000 $188,016 $1,154 4.51%
    50-60% 46 $10,690,000 $232,391 $4,017 4.53%
    41% 39 $10,645,000 $272,949 $1,586 4.70%
    37% 36 $8,360,000 $232,222 $1,891 4.51%
    42% 33 $7,645,000 $231,667 $1,042 4.58%
    49% 31 $6,785,000 $218,871 $2,015 4.61%
    38% 30 $6,850,000 $228,333 $1,787 4.63%
    44% 29 $6,735,000 $232,241 $2,495 4.74%
    45% 27 $5,715,000 $211,667 $2,457 4.70%
    40% 26 $5,590,000 $215,000 $1,747 4.67%
    39% 24 $5,420,000 $225,833 $2,138 4.57%
    36% 23 $4,925,000 $214,130 $2,071 4.59%
    48% 23 $5,095,000 $221,522 $2,486 4.68%
    46% 21 $4,305,000 $205,000 $1,550 4.54%
    43% 21 $4,695,000 $223,571 $1,789 4.60%
    47% 16 $3,700,000 $231,250 $1,416 4.74%
    >60% 13 $1,855,000 $142,692 $1,388 5.55%

    Victory Community Bank lent most frequently to those with DTI ratios of 20-30%, with 212 originations. The next most common DTI ratio? 30-36%, with 166 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 693 $147,125,000 $212,302 $1,811 4.60%
    Not provided 70 $17,230,000 $246,143 $2,133 4.54%
    Asian 60 $14,110,000 $235,167 $1,000 4.63%
    Black 51 $12,955,000 $254,020 $2,867 4.70%
    Not applicable 6 $8,340,000 $1,390,000 $2,397 5.27%
    Asian Indian 4 $1,460,000 $365,000 $1,856 4.22%
    American Indian 1 $255,000 $255,000 $990 4.00%

    Approval Rates

    Total approvals of all applications
    97.62%

    Victory Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    84.07%

    Victory Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 885 $201,475,000 $227,655

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $7,805,000 $7,805,000
    Single Family (1-4 Units):Manufactured 2 $210,000 $105,000
    Single Family (1-4 Units):Site-Built 882 $193,460,000 $219,342

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $3,945,000 $106,622 $966 4.57%
    40-60% 87 $14,525,000 $166,954 $1,208 4.55%
    60-80% 230 $58,380,000 $253,826 $1,343 4.63%
    80-100% 497 $119,485,000 $240,412 $2,193 4.58%
    Over 100% 16 $4,450,000 $278,125 $5,549 4.46%
    Under 20% 18 $690,000 $38,333 $301 5.36%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    VICTORIAN FINANCE, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%