Vue Community Credit Union Mortgage Rates, Fees & Info
Bismarck, NDLEI: 549300AIF4FYYXDE3021
Tax ID: 23-7125198
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Mortgage Data
Review & Overview
Vue Community Credit Union is a smaller credit union specializing in Home Purchase, Cash Out Refi, and Refi loans. Vue Community Credit Union has a high proportion of conventional loans. Vue Community Credit Union has a low ratio of conventional loans. Their top (well, only) market is Bismarck.Vue Community Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
80Origination Dollar Volume (All Markets)
$8,950,000Top 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 |
|---|---|---|---|---|---|
| BISMARCK, ND (FHA|USDA|VA) | 74 | $7,570,000 | $102,297 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,380,000 | $230,000 | $4,405 | 2.88% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 79 | $8,775,000 | $111,076 | $0 | 0.00% |
| Conventional | 1 | $175,000 | $175,000 | $4,405 | 2.88% |
For 2020, Vue Community Credit Union's most frequently originated type of loan was Conventional, with 79 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 57 | $4,815,000 | $84,474 | $0 | 0.00% |
| Cash Out Refi | 13 | $2,185,000 | $168,077 | $0 | 0.00% |
| Refi | 10 | $1,950,000 | $195,000 | $4,405 | 2.88% |
For 2020, Vue Community Credit Union's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 79 | $8,775,000 | $111,076 | $0 | 0.00% |
| 10 Year | 1 | $175,000 | $175,000 | $4,405 | 2.88% |
For 2020, Vue Community Credit Union's most frequently cited loan duration was Other, with 79 originations. The 2nd most popular length was 10 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $2k-3k | 1 | $175,000 | $175,000 |
Vue Community Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1 | $175,000 | $175,000 |
During 2020, Vue Community Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1 originations.
Loan Sizing
2020 saw Vue Community Credit Union place emphasis on $100,000 or less loans with 49 originations, totaling $2,085,000 in origination value.
Applicant Income
Vue Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $50k-75k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 79 | $8,775,000 | $111,076 | $0 | 0.00% |
| <20% | 1 | $175,000 | $175,000 | $4,405 | 2.88% |
Vue Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 79 originations. The next most common DTI ratio? <20%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.70%
Vue Community Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.00%
Vue Community Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 79 | $8,775,000 | $111,076 |
| NA | 1 | $175,000 | $175,000 |