Vantage Credit Union Mortgage Rates, Fees & Info

Bridgeton, MO

LEI: 549300E06ZGS1I3URI95

Tax ID: 43-0739854

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Vantage Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Vantage Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Chicago, Springfield, and Farmington among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Vantage Credit Union 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. Vantage 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    207

    Origination Dollar Volume (All Markets)

    $22,925,000

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 201 $21,905,000 $108,980 $1,029 3.93%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $735,000 $735,000 $4,312 2.63%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $170,000 $85,000 $1,492 3.75%
    Outside of Metro Areas 2 $80,000 $40,000 $0 4.24%
    Farmington, MO (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.49%
    Vantage Credit Union's top markets include St. Louis, Chicago, Springfield, and Farmington among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • 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.

    Town & Country Bank
    Similarity Rank: 328
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 370
    CapGrow Home Mortgage, LLC
    Similarity Rank: 552
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 627
    JERSEY STATE BANK
    Similarity Rank: 725
    HNB National Bank
    Similarity Rank: 910
    First National Bank of Waterloo
    Similarity Rank: 938
    VANTAGE Credit Union
    Similarity Rank: 1010
    Providence Bank
    Similarity Rank: 1102
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1260

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 207 $22,925,000 $110,749 $1,035 3.93%

    For 2021, Vantage Credit Union's most frequently originated type of loan was Conventional, with 207 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 83 $3,665,000 $44,157 $0 4.44%
    Other 36 $2,130,000 $59,167 $0 4.44%
    Refi 36 $6,040,000 $167,778 $1,602 3.51%
    Cash Out Refi 34 $6,130,000 $180,294 $2,401 2.99%
    Home Purchase 18 $4,960,000 $275,556 $3,558 3.13%

    For 2021, Vantage Credit Union's most frequently cited loan purpose was Home Improvement, with 83 originations. The 2nd most popular reason was Other, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 95 $7,705,000 $81,105 $444 4.28%
    30 Year 47 $11,525,000 $245,213 $2,929 3.11%
    Other 36 $1,310,000 $36,389 $0 4.14%
    20 Year 10 $1,680,000 $168,000 $2,456 2.93%
    10 Year 10 $390,000 $39,000 $0 4.69%
    5 Year 7 $255,000 $36,429 $0 3.96%
    3 Year 2 $60,000 $30,000 $0 3.49%

    For 2021, Vantage Credit Union's most frequently cited loan duration was 15 Year, with 95 originations. The 2nd most popular length was 30 Year, with 47 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 134 $6,850,000 $51,119
    $1k-2k 69 $15,175,000 $219,928
    $3k-4k 3 $585,000 $195,000
    $5k+ 1 $315,000 $315,000

    Vantage Credit Union's average total fees were $2,929, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 134 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 98 $10,970,000 $111,939
    4-5% 46 $2,420,000 $52,609
    2.5-3% 42 $8,250,000 $196,429
    5-6% 12 $510,000 $42,500
    6-7% 6 $270,000 $45,000
    <2.5% 2 $430,000 $215,000
    Over 8% 1 $75,000 $75,000

    During 2021, Vantage Credit Union's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 3-4%, with 98 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 134 $6,320,000 $47,164 $195 4.34%
    $100k-200k 42 $6,030,000 $143,571 $2,013 3.24%
    $200k-400k 24 $6,210,000 $258,750 $2,964 3.08%
    $400k-600k 4 $2,000,000 $500,000 $2,823 3.09%
    $600k-1MM 3 $2,365,000 $788,333 $3,667 2.96%

    2021 saw Vantage Credit Union place emphasis on $100,000 or less loans with 134 originations, totaling $6,320,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 67 $7,235,000 $107,985 $1,001 3.96%
    $150k-250k 44 $5,630,000 $127,955 $715 4.06%
    $50k-75k 38 $3,010,000 $79,211 $942 3.94%
    $75k-100k 34 $3,640,000 $107,059 $1,034 3.95%
    $50k or less 13 $1,285,000 $98,846 $2,392 3.13%
    $250k+ 7 $1,535,000 $219,286 $1,020 4.01%

    Vantage Credit Union lent most frequently to those with incomes in the $100k-150k range, with 67 originations. The second most popular income band? $150k-250k, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 76 $7,840,000 $103,158 $1,161 3.88%
    30-36% 41 $5,535,000 $135,000 $1,180 3.63%
    <20% 20 $1,440,000 $72,000 $560 4.06%
    41% 10 $1,510,000 $151,000 $1,279 3.91%
    44% 10 $1,210,000 $121,000 $960 3.77%
    39% 8 $1,630,000 $203,750 $1,410 3.92%
    36% 6 $350,000 $58,333 $820 4.46%
    47% 6 $410,000 $68,333 $910 3.93%
    38% 5 $485,000 $97,000 $707 4.19%
    37% 5 $305,000 $61,000 $620 4.65%
    40% 4 $200,000 $50,000 $506 4.31%
    42% 4 $600,000 $150,000 $566 4.37%
    43% 4 $240,000 $60,000 $650 4.96%
    45% 3 $225,000 $75,000 $701 3.41%
    46% 2 $530,000 $265,000 $2,724 2.88%
    48% 2 $140,000 $70,000 $0 4.87%
    50-60% 1 $275,000 $275,000 $0 4.49%

    Vantage Credit Union lent most frequently to those with DTI ratios of 20-30%, with 76 originations. The next most common DTI ratio? 30-36%, with 41 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 144 $16,820,000 $116,806 $999 3.80%
    Not provided 43 $3,215,000 $74,767 $748 4.33%
    Black 20 $2,890,000 $144,500 $1,870 3.93%

    Approval Rates

    Total approvals of all applications
    74.03%

    Vantage Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    89.86%

    Vantage Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 207 $22,925,000 $110,749

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    207 $22,925,000 $110,749

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 38 $2,970,000 $78,158 $316 4.36%
    40-60% 13 $2,085,000 $160,385 $1,656 3.18%
    60-80% 28 $6,840,000 $244,286 $2,868 2.98%
    80-100% 32 $7,180,000 $224,375 $2,715 3.12%
    Over 100% 1 $165,000 $165,000 $2,309 3.00%
    Under 20% 95 $3,685,000 $38,789 $0 4.41%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    VANDYK MORTGAGE CORPORATION FHA mortgage Closing on a mortgage 2 66.7%
    VANDYK MORTGAGE CORPORATION FHA mortgage Trouble during payment process 1 33.3%