Valley Financial Credit Union Mortgage Rates, Fees & Info

Billings, MT

LEI: 549300E57105E8PDY082

Tax ID: 81-0247124

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Mortgage Data

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 two markets are Billings and Bozeman .

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

211

Origination Dollar Volume (All Markets)

$18,325,000

Awards

VALLEY FINANCIAL CREDIT UNION 30 Year Conventional Loans gold VALLEY FINANCIAL CREDIT UNION 30 Year Conventional Loans silver
Show all (2) 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) 178 $14,480,000 $81,348 $1,235 4.78%
Outside of Metro Areas 26 $2,340,000 $90,000 $900 4.53%
Bozeman, MT (FHA|USDA|VA) 7 $1,505,000 $215,000 $1,702 5.14%
Valley Financial Credit Union's top markets include Billings and Bozeman among others.

Their top states include:
  • Montana (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • (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: 36
    VALLEY FINANCIAL CREDIT UNION
    Similarity Rank: 39
    BILLINGS
    Similarity Rank: 93
    Altana Federal Credit Union
    Similarity Rank: 150
    American Bank Center
    Similarity Rank: 990
    Stockman Bank of Montana
    Similarity Rank: 1088
    Opportunity Bank of Montana
    Similarity Rank: 1656
    UNIVERSAL LENDING CORPORATION
    Similarity Rank: 4176
    Glacier Bank
    Similarity Rank: 4346
    First Interstate Bank
    Similarity Rank: 4964

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 124 $9,220,000 $74,355 n/a 4.36%
    Conventional 87 $9,105,000 $104,655 $1,218 5.33%

    For 2022, Valley Financial Credit Union's most frequently originated type of loan was HELOC, with 124 originations. Their 2nd most popular type was Conventional, with 87 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 192 $16,260,000 $84,688 $1,171 4.55%
    Home Purchase 19 $2,065,000 $108,684 $1,376 6.95%

    For 2022, Valley Financial Credit Union's most frequently cited loan purpose was Cash Out Refi, with 192 originations. The 2nd most popular reason was Home Purchase, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 150 $13,720,000 $91,467 $2,721 4.54%
    15 Year 23 $2,205,000 $95,870 $1,022 4.96%
    Other 19 $985,000 $51,842 $523 5.94%
    10 Year 12 $700,000 $58,333 $845 4.55%
    20 Year 5 $665,000 $133,000 $701 6.17%
    5 Year 2 $50,000 $25,000 $445 5.37%

    For 2022, Valley Financial Credit Union's most frequently cited loan duration was 30 Year, with 150 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 51 $3,495,000 $68,529
    $1k-2k 19 $2,925,000 $153,947
    $2k-3k 3 $765,000 $255,000
    $3k-4k 2 $540,000 $270,000
    $5k+ 1 $485,000 $485,000

    Valley Financial Credit Union's average total fees were $2,721, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 51 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 88 $7,190,000 $81,705
    5-6% 36 $3,210,000 $89,167
    4-5% 35 $3,355,000 $95,857
    6-7% 33 $3,115,000 $94,394
    Over 8% 8 $390,000 $48,750
    2.5-3% 4 $550,000 $137,500
    7-8% 4 $300,000 $75,000
    <2.5% 2 $150,000 $75,000

    During 2022, Valley Financial Credit Union's average interest rate for loans was 4.54%, while their most frequently originated rate bucket for loans was 3-4%, with 88 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 155 $8,055,000 $51,968 $687 4.83%
    $100k-200k 40 $5,290,000 $132,250 $1,530 4.44%
    $200k-400k 12 $3,070,000 $255,833 $3,139 4.88%
    $400k-600k 4 $1,910,000 $477,500 $5,571 4.88%

    2022 saw Valley Financial Credit Union place emphasis on $100,000 or less loans with 155 originations, totaling $8,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 53 $3,995,000 $75,377 $1,107 4.44%
    $150k-250k 46 $4,850,000 $105,435 $629 4.94%
    $75k-100k 41 $3,365,000 $82,073 $1,595 4.69%
    $50k-75k 37 $2,885,000 $77,973 $1,201 5.15%
    $50k or less 23 $1,515,000 $65,870 $1,192 4.87%
    $250k+ 9 $1,535,000 $170,556 $4,719 4.42%

    Valley Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 53 originations. The second most popular income band? $150k-250k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 71 $6,195,000 $87,254 $1,135 4.65%
    <20% 55 $5,395,000 $98,091 $1,837 4.13%
    30-36% 39 $2,835,000 $72,692 $1,346 5.21%
    39% 8 $1,060,000 $132,500 $1,122 4.05%
    41% 6 $420,000 $70,000 $310 6.17%
    37% 5 $415,000 $83,000 $1,375 5.47%
    36% 5 $685,000 $137,000 $1,170 5.12%
    44% 4 $200,000 $50,000 $630 4.37%
    50-60% 3 $185,000 $61,667 $751 5.75%
    >60% 2 $110,000 $55,000 $0 3.25%
    38% 2 $70,000 $35,000 $580 5.74%
    47% 2 $80,000 $40,000 $0 5.13%
    40% 1 $35,000 $35,000 $0 8.25%
    42% 1 $95,000 $95,000 $310 7.74%
    45% 1 $35,000 $35,000 $0 5.50%

    Valley Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 71 originations. The next most common DTI ratio? <20%, with 55 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 204 $17,800,000 $87,255 $1,208 4.76%
    Asian 3 $205,000 $68,333 $0 4.25%
    American Indian 2 $170,000 $85,000 $1,935 4.19%
    Not provided 1 $85,000 $85,000 $0 3.25%
    Black 1 $65,000 $65,000 $0 8.00%

    Approval Rates

    Total approvals of all applications
    67.85%

    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 211 $18,325,000 $86,848

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    211 $18,325,000 $86,848

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $4,270,000 $106,750 $868 4.65%
    40-60% 20 $2,870,000 $143,500 $1,594 4.63%
    60-80% 16 $2,880,000 $180,000 $1,728 4.94%
    80-100% 11 $1,875,000 $170,455 $1,929 6.29%
    Over 100% 3 $465,000 $155,000 $310 6.33%
    Under 20% 120 $5,920,000 $49,333 $667 4.60%