Vantage Credit Union Mortgage Rates, Fees & Info
Bridgeton, MOLEI: 549300E06ZGS1I3URI95
Tax ID: 43-0739854
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Vantage Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Vantage Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Farmington, Jefferson City, Springfield, and Kansas City among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Vantage 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
727Origination Dollar Volume (All Markets)
$125,755,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 685 | $118,255,000 | $172,635 | $0 | 0.00% |
| Outside of Metro Areas | 25 | $4,235,000 | $169,400 | $0 | 0.00% |
| Farmington, MO (FHA|USDA|VA) | 9 | $1,745,000 | $193,889 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against VANTAGE Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 727 | $125,755,000 | $172,978 | $0 | 0.00% |
For 2020, Vantage Credit Union's most frequently originated type of loan was Conventional, with 727 originations.
Loan Reason
For 2020, Vantage Credit Union's most frequently cited loan purpose was Refi, with 259 originations. The 2nd most popular reason was Cash Out Refi, with 250 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 727 | $125,755,000 | $172,978 | $0 | 0.00% |
For 2020, Vantage Credit Union's most frequently cited loan duration was Other, with 727 originations.
Loan Sizing
2020 saw Vantage Credit Union place emphasis on $100k-200k loans with 286 originations, totaling $43,090,000 in origination value.
Applicant Income
Vantage Credit Union lent most frequently to those with incomes in the $100k-150k range, with 206 originations. The second most popular income band? $50k-75k, with 152 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 727 | $125,755,000 | $172,978 | $0 | 0.00% |
Vantage Credit Union lent most frequently to those with DTI ratios of Exempt%, with 727 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.61%
Vantage Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination90.65%
Vantage Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 727 | $125,755,000 | $172,978 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 727 | $125,755,000 | $172,978 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| VANDYK MORTGAGE CORPORATION | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |
| VANDYK MORTGAGE CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |