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 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 two markets are Bismarck and Minot .Vue Community 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. Vue Community 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.
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Originations
69Origination Dollar Volume (All Markets)
$7,795,000Top 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) | 63 | $6,585,000 | $104,524 | $0 | 6.75% |
| Outside of Metro Areas | 5 | $985,000 | $197,000 | $3,527 | 2.75% |
| Minot, ND (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 67 | $7,515,000 | $112,164 | $0 | 0.00% |
| Conventional | 2 | $280,000 | $140,000 | $3,527 | 4.75% |
For 2021, Vue Community Credit Union's most frequently originated type of loan was Conventional, with 67 originations. Their 2nd most popular type was Conventional, with 2 originations.
Loan Reason
For 2021, Vue Community Credit Union's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 68 | $7,540,000 | $110,882 | $0 | 6.75% |
| 30 Year | 1 | $255,000 | $255,000 | $3,527 | 2.75% |
For 2021, Vue Community Credit Union's most frequently cited loan duration was Other, with 68 originations. The 2nd most popular length was 30 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $255,000 | $255,000 |
Vue Community Credit Union's average total fees were $3,527, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1 | $255,000 | $255,000 |
| 6-7% | 1 | $25,000 | $25,000 |
During 2021, Vue Community Credit Union's average interest rate for loans was 2.75%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1 originations.
Loan Sizing
2021 saw Vue Community Credit Union place emphasis on $100,000 or less loans with 44 originations, totaling $2,240,000 in origination value.
Applicant Income
Vue Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $50k or less, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 67 | $7,515,000 | $112,164 | $0 | 0.00% |
| 30-36% | 1 | $25,000 | $25,000 | $0 | 6.75% |
| 42% | 1 | $255,000 | $255,000 | $3,527 | 2.75% |
Vue Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 67 originations. The next most common DTI ratio? 30-36%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.55%
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 origination79.71%
Vue Community Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 175.0 | 1 | $25,000 | $25,000 |
| Exempt | 67 | $7,515,000 | $112,164 |
| NA | 1 | $255,000 | $255,000 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 40-60% | 1 | $25,000 | $25,000 | $0 | 6.75% |
| 80-100% | 1 | $255,000 | $255,000 | $3,527 | 2.75% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Vision Mortgage Company, Ltd. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 100.0% |