Vue Community Credit Union Mortgage Rates, Fees & Info
Bismarck, NDLEI: 549300AIF4FYYXDE3021
Tax ID: 23-7125198
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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 Jamestown .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.
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Originations
51Origination Dollar Volume (All Markets)
$9,345,000Top 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) | 48 | $8,830,000 | $183,958 | $0 | 8.00% |
| Jamestown, ND (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $220,000 | $110,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $9,105,000 | $185,816 | $0 | 0.00% |
| Conventional | 2 | $240,000 | $120,000 | $0 | 8.00% |
For 2022, Vue Community Credit Union's most frequently originated type of loan was Conventional, with 49 originations. Their 2nd most popular type was Conventional, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 40 | $6,250,000 | $156,250 | $0 | 8.00% |
| Refi | 8 | $2,790,000 | $348,750 | $0 | 0.00% |
| Cash Out Refi | 3 | $305,000 | $101,667 | $0 | 0.00% |
For 2022, Vue Community Credit Union's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 51 | $9,345,000 | $183,235 | $0 | 8.00% |
For 2022, Vue Community Credit Union's most frequently cited loan duration was Other, with 51 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 1 | $195,000 | $195,000 |
| Over 8% | 1 | $45,000 | $45,000 |
During 2022, Vue Community Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 1 originations.
Loan Sizing
2022 saw Vue Community Credit Union place emphasis on $100,000 or less loans with 20 originations, totaling $1,120,000 in origination value.
Applicant Income
Vue Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $50k or less, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $9,105,000 | $185,816 | $0 | 0.00% |
| 30-36% | 2 | $240,000 | $120,000 | $0 | 8.00% |
Vue Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 49 originations. The next most common DTI ratio? 30-36%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 48 | $9,190,000 | $191,458 | $0 | 7.50% |
| American Indian | 3 | $155,000 | $51,667 | $0 | 8.50% |
Approval Rates
Total approvals of all applications98.36%
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 origination82.35%
Vue Community Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 314.0 | 1 | $195,000 | $195,000 |
| Exempt | 49 | $9,105,000 | $185,816 |
| NA | 1 | $45,000 | $45,000 |