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 Cash Out Refi loans. Valley Financial Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Billings, Bozeman, Helena, and Sheridan among others. We have data for 5 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% 11/22/24
    30 Year Conventional Purchase 6.63% 11/22/24
    30 Year Cash-out Refi 6.75% 11/22/24
    15 Year Conventional Purchase 8.85% 11/22/24
    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

    238

    Origination Dollar Volume (All Markets)

    $17,140,000

    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
    BILLINGS, MT (FHA|USDA|VA) 194 $13,470,000 $69,433 $1,285 3.72%
    Outside of Metro Areas 27 $1,995,000 $73,889 $988 3.86%
    Bozeman, MT (FHA|USDA|VA) 14 $1,480,000 $105,714 $360 3.50%
    Helena, MT (FHA|USDA|VA) 2 $180,000 $90,000 $0 3.25%
    Sheridan, WY (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.25%
    Valley Financial Credit Union's top markets include Billings, Bozeman, Helena, and Sheridan 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.

    The Yellowstone Bank
    Similarity Rank: 74
    BILLINGS
    Similarity Rank: 198
    Altana Federal Credit Union
    Similarity Rank: 315
    American Bank Center
    Similarity Rank: 680
    Stockman Bank of Montana
    Similarity Rank: 1649
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 2508
    Opportunity Bank of Montana
    Similarity Rank: 3630
    MOUNTAIN AMERICA
    Similarity Rank: 4944
    CLEARPATH LENDING
    Similarity Rank: 6300
    First Interstate Bank
    Similarity Rank: 6510

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 177 $10,895,000 $61,554 n/a 3.42%
    Conventional 61 $6,245,000 $102,377 $1,212 4.57%

    For 2021, Valley Financial Credit Union's most frequently originated type of loan was HELOC, with 177 originations. Their 2nd most popular type was Conventional, with 61 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 200 $13,830,000 $69,150 $1,588 3.45%
    Home Purchase 18 $1,060,000 $58,889 $606 7.31%
    Refi 15 $2,125,000 $141,667 $1,310 2.58%
    Other 5 $125,000 $25,000 $0 4.75%

    For 2021, Valley Financial Credit Union's most frequently cited loan purpose was Cash Out Refi, with 200 originations. The 2nd most popular reason was Home Purchase, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 183 $12,455,000 $68,060 $2,651 3.40%
    15 Year 23 $2,775,000 $120,652 $1,240 3.39%
    Other 11 $585,000 $53,182 $498 6.31%
    10 Year 9 $705,000 $78,333 $948 5.02%
    5 Year 8 $180,000 $22,500 $310 5.78%
    20 Year 4 $440,000 $110,000 $1,372 5.50%

    For 2021, Valley Financial Credit Union's most frequently cited loan duration was 30 Year, with 183 originations. The 2nd most popular length was 15 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 32 $1,750,000 $54,688
    $1k-2k 18 $3,030,000 $168,333
    $2k-3k 2 $400,000 $200,000
    $3k-4k 1 $355,000 $355,000

    Valley Financial Credit Union's average total fees were $2,651, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 32 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 171 $11,395,000 $66,637
    <2.5% 17 $2,325,000 $136,765
    2.5-3% 12 $1,790,000 $149,167
    5-6% 11 $425,000 $38,636
    4-5% 9 $395,000 $43,889
    6-7% 8 $300,000 $37,500
    Over 8% 6 $250,000 $41,667
    7-8% 4 $260,000 $65,000

    During 2021, Valley Financial Credit Union's average interest rate for loans was 3.40%, while their most frequently originated rate bucket for loans was 3-4%, with 171 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 183 $8,655,000 $47,295 $526 3.89%
    $100k-200k 45 $5,735,000 $127,444 $1,495 3.16%
    $200k-400k 10 $2,750,000 $275,000 $3,190 3.05%

    2021 saw Valley Financial Credit Union place emphasis on $100,000 or less loans with 183 originations, totaling $8,655,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 62 $4,340,000 $70,000 $1,574 3.75%
    $50k-75k 59 $3,725,000 $63,136 $1,180 3.71%
    $150k-250k 40 $3,180,000 $79,500 $1,324 3.51%
    $75k-100k 33 $2,645,000 $80,152 $1,467 3.47%
    $50k or less 27 $1,565,000 $57,963 $729 4.31%
    $250k+ 11 $1,285,000 $116,818 $1,631 3.13%

    Valley Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 62 originations. The second most popular income band? $50k-75k, with 59 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 84 $6,260,000 $74,524 $1,517 3.51%
    <20% 63 $4,675,000 $74,206 $1,297 3.46%
    30-36% 42 $2,480,000 $59,048 $586 3.87%
    36% 7 $435,000 $62,143 $648 3.59%
    37% 6 $860,000 $143,333 $4,116 3.31%
    >60% 5 $125,000 $25,000 $0 4.75%
    38% 5 $315,000 $63,000 $310 4.20%
    40% 5 $465,000 $93,000 $310 5.10%
    39% 4 $170,000 $42,500 $310 4.50%
    41% 4 $130,000 $32,500 $310 4.81%
    42% 2 $110,000 $55,000 $460 4.75%
    44% 2 $160,000 $80,000 $1,413 2.75%
    47% 2 $230,000 $115,000 $2,012 2.44%
    46% 1 $25,000 $25,000 $310 9.74%
    50-60% 1 $35,000 $35,000 $310 6.99%

    Valley Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 84 originations. The next most common DTI ratio? <20%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 225 $16,215,000 $72,067 $1,252 3.69%
    Not provided 9 $665,000 $73,889 $1,055 3.96%
    American Indian 2 $140,000 $70,000 $945 4.75%
    Asian 1 $105,000 $105,000 $510 5.74%
    Not applicable 1 $15,000 $15,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    65.21%

    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 238 $17,140,000 $72,017

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    238 $17,140,000 $72,017

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 59 $5,215,000 $88,390 $1,190 3.27%
    40-60% 31 $3,735,000 $120,484 $1,431 3.68%
    60-80% 17 $1,915,000 $112,647 $1,304 5.61%
    80-100% 7 $895,000 $127,857 $1,098 6.40%
    Under 20% 124 $5,380,000 $43,387 $628 3.52%