Valley Financial Credit Union Mortgage Rates, Fees & Info

Billings, MT

LEI: 549300E57105E8PDY082

Tax ID: 81-0247124

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Valley Financial Credit Union is a smaller credit union specializing in Refi loans. Valley Financial Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Billings, Bozeman, and Jackson among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Valley Financial Credit Union has a below average approval rate when compared to the average across all lenders. Valley Financial 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/21/24
    30 Year Conventional Purchase 6.63% 11/21/24
    30 Year Cash-out Refi 6.75% 11/21/24
    15 Year Conventional Purchase 8.85% 11/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Valley Financial Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Valley Financial Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    198

    Origination Dollar Volume (All Markets)

    $22,800,000

    Awards

    VALLEY FINANCIAL CREDIT UNION 30 Year Conventional Loans gold
    Show all (1) awards

    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
    BILLINGS, MT (FHA|USDA|VA) 167 $19,365,000 $115,958 $1,633 4.19%
    Outside of Metro Areas 16 $1,990,000 $124,375 $1,151 4.66%
    Bozeman, MT (FHA|USDA|VA) 14 $1,430,000 $102,143 $2,963 3.87%
    Jackson, WY-ID (FHA|USDA|VA) 1 $15,000 $15,000 $85 5.49%
    Valley Financial Credit Union's top markets include Billings, Bozeman, and Jackson among others.

    Their top states include:
  • Montana (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against VALLEY FINANCIAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    VALLEY FINANCIAL CREDIT UNION
    Similarity Rank: 144
    Altana Federal Credit Union
    Similarity Rank: 148
    BILLINGS
    Similarity Rank: 270
    Stockman Bank of Montana
    Similarity Rank: 1054
    Opportunity Bank of Montana
    Similarity Rank: 2072
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 3930
    MID AMERICA MORTGAGE, INC.
    Similarity Rank: 4672
    CLEARPATH LENDING
    Similarity Rank: 4824
    UNIVERSAL LENDING CORPORATION
    Similarity Rank: 5092
    MANN FINANCIAL INC.
    Similarity Rank: 6664

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 104 $15,740,000 $151,346 $1,626 4.58%
    HELOC 94 $7,060,000 $75,106 n/a 3.80%

    For 2020, Valley Financial Credit Union's most frequently originated type of loan was Conventional, with 104 originations. Their 2nd most popular type was HELOC, with 94 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 154 $15,300,000 $99,351 $1,582 3.86%
    Home Purchase 30 $3,210,000 $107,000 $1,719 5.79%
    Other 13 $4,195,000 $322,692 $0 4.69%
    Home Improvement 1 $95,000 $95,000 $0 4.75%

    For 2020, Valley Financial Credit Union's most frequently cited loan purpose was Refi, with 154 originations. The 2nd most popular reason was Home Purchase, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 112 $11,400,000 $101,786 $3,192 3.76%
    15 Year 34 $6,300,000 $185,294 $1,281 4.09%
    10 Year 21 $2,205,000 $105,000 $929 5.51%
    Other 18 $1,370,000 $76,111 $652 5.65%
    20 Year 7 $1,195,000 $170,714 $2,575 3.11%
    5 Year 5 $255,000 $51,000 $300 6.49%
    1 Year 1 $75,000 $75,000 $0 5.25%

    For 2020, Valley Financial Credit Union's most frequently cited loan duration was 30 Year, with 112 originations. The 2nd most popular length was 15 Year, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 45 $2,655,000 $59,000
    $1k-2k 19 $2,255,000 $118,684
    $2k-3k 13 $2,805,000 $215,769
    $3k-4k 4 $1,250,000 $312,500
    $5k+ 1 $645,000 $645,000

    Valley Financial Credit Union's average total fees were $3,192, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 45 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 83 $9,685,000 $116,687
    4-5% 42 $6,690,000 $159,286
    2.5-3% 28 $4,200,000 $150,000
    5-6% 15 $745,000 $49,667
    7-8% 10 $380,000 $38,000
    6-7% 10 $390,000 $39,000
    Over 8% 4 $160,000 $40,000
    <2.5% 4 $500,000 $125,000

    During 2020, Valley Financial Credit Union's average interest rate for loans was 3.76%, while their most frequently originated rate bucket for loans was 3-4%, with 83 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 133 $6,925,000 $52,068 $733 4.56%
    $100k-200k 35 $5,305,000 $151,571 $1,902 3.38%
    $200k-400k 24 $6,220,000 $259,167 $3,188 3.53%
    $600k-1MM 4 $2,750,000 $687,500 $8,129 3.88%
    $1MM+ 1 $1,085,000 $1,085,000 $0 4.75%
    $400k-600k 1 $515,000 $515,000 $0 4.75%

    2020 saw Valley Financial Credit Union place emphasis on $100,000 or less loans with 133 originations, totaling $6,925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 49 $4,275,000 $87,245 $1,252 4.20%
    $50k-75k 44 $3,890,000 $88,409 $1,718 4.08%
    $50k or less 28 $1,920,000 $68,571 $751 5.06%
    $75k-100k 27 $2,395,000 $88,704 $1,272 4.02%
    $150k-250k 25 $3,615,000 $144,600 $3,500 3.93%
    $250k+ 11 $2,325,000 $211,364 $4,737 3.77%

    Valley Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 49 originations. The second most popular income band? $50k-75k, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 78 $6,490,000 $83,205 $1,426 4.29%
    <20% 52 $5,730,000 $110,192 $2,168 3.77%
    30-36% 21 $2,645,000 $125,952 $2,476 3.65%
    >60% 6 $680,000 $113,333 $812 3.95%
    38% 5 $505,000 $101,000 $419 6.39%
    39% 4 $130,000 $32,500 $310 4.68%
    42% 4 $860,000 $215,000 $548 5.12%
    36% 3 $185,000 $61,667 $480 4.58%
    50-60% 2 $270,000 $135,000 $310 6.50%
    48% 2 $210,000 $105,000 $4,041 3.87%
    49% 2 $130,000 $65,000 $310 6.75%
    44% 1 $25,000 $25,000 $0 3.25%
    41% 1 $295,000 $295,000 $3,655 3.00%
    43% 1 $65,000 $65,000 $1,285 3.25%
    37% 1 $35,000 $35,000 $495 4.99%
    45% 1 $125,000 $125,000 $1,265 4.50%

    Valley Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 78 originations. The next most common DTI ratio? <20%, with 52 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 197 $22,705,000 $115,254 $1,626 4.21%
    American Indian 1 $95,000 $95,000 $0 4.75%

    Approval Rates

    Total approvals of all applications
    57.56%

    Valley Financial Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 198 $22,800,000 $115,152

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,775,000 $591,667
    Single Family (1-4 Units):Manufactured 23 $885,000 $38,478
    Single Family (1-4 Units):Site-Built 172 $20,140,000 $117,093

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 49 $4,435,000 $90,510 $1,611 3.62%
    40-60% 33 $5,285,000 $160,152 $1,582 3.96%
    60-80% 41 $6,865,000 $167,439 $1,770 4.86%
    80-100% 13 $2,345,000 $180,385 $2,299 4.82%
    Over 100% 3 $1,395,000 $465,000 $0 4.00%
    Under 20% 58 $2,450,000 $42,241 $783 4.28%