Visio Financial Services Mortgage Rates, Fees & Info
Wilmington, DELEI: 5493006O6Q2F0MR0ZM22
Tax ID: 37-1739594
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Visio Financial Services is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Visio Financial Services has a high proportion of conventional loans.Visio Financial Services has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have relatively high rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 4/21/24 |
| 30 Year Conventional Refi | 6.27% | 4/21/24 |
| 30 Year Cash-out Refi | 6.27% | 4/21/24 |
| 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. | ||
Visio Financial Services Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
127Origination Dollar Volume (All Markets)
$33,505,000Relative Rate
Visio Financial Services's average 30 year fixed mortgage rate was
8.34%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.86%.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 127 | $33,505,000 | $263,819 | $0 | 8.34% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 127 | $33,505,000 | $263,819 | $0 | 8.34% |
For 2023, Visio Financial Services's most frequently originated type of loan was Conventional, with 127 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 65 | $15,255,000 | $234,692 | $0 | 8.38% |
| Home Purchase | 42 | $12,360,000 | $294,286 | $0 | 8.37% |
| Refi | 20 | $5,890,000 | $294,500 | $0 | 8.11% |
For 2023, Visio Financial Services's most frequently cited loan purpose was Cash Out Refi, with 65 originations. The 2nd most popular reason was Home Purchase, with 42 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 127 | $33,505,000 | $263,819 | $0 | 8.34% |
For 2023, Visio Financial Services's most frequently cited loan duration was 30 Year, with 127 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 78 | $21,810,000 | $279,615 |
| 7-8% | 49 | $11,695,000 | $238,673 |
During 2023, Visio Financial Services's average interest rate for loans was 8.34%, while their most frequently originated rate bucket for loans was Over 8%, with 78 originations.
Loan Sizing
2023 saw Visio Financial Services place emphasis on $100k-200k loans with 55 originations, totaling $8,585,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.00%
Visio Financial Services has a below average approval rate.
Pick Rate
Approvals leading to origination53.54%
Visio Financial Services has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 127 | $33,505,000 | $263,819 |