Victory Mortgage Rates, Fees & Info
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Mortgage Data
Review & Overview
Victory Mortgage is a smaller mortgage company specializing in Home Purchase loans. Victory Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Cincinnati, Columbus, Louisville, Indianapolis, and Dayton among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Victory Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Victory Mortgage 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 relatively high 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.55% | 12/16/24 |
| 30 Year Conventional Refi | 6.39% | 12/16/24 |
| 30 Year Cash-out Refi | 6.54% | 12/16/24 |
| 30 Year FHA Purchase | 7.11% | 12/16/24 |
| 30 Year FHA Refi | 5.53% | 12/16/24 |
| 30 Year VA Purchase | 6.20% | 12/16/24 |
| 30 Year USDA Purchase | 6.44% | 12/16/24 |
| 15 Year Conventional Purchase | 5.80% | 12/16/24 |
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 12/16/24 |
| 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. | ||
Victory Mortgage Mortgage Calculator
Your Estimates
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This is not an official calculator from Victory Mortgage. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,881Origination Dollar Volume (All Markets)
$694,715,000Awards
VICTORY MORTGAGE - 2023
VICTORY MORTGAGE is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Victory Mortgage's average 30 year fixed mortgage rate was
6.1%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.38%.
Relative Fees (Closing Costs)
Victory Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,451.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 676 | $214,160,000 | $316,805 | $4,107 | 6.16% |
| COLUMBUS, OH (FHA|USDA|VA) | 270 | $115,580,000 | $428,074 | $3,555 | 5.68% |
| LOUISVILLE, KY (FHA|USDA|VA) | 320 | $107,320,000 | $335,375 | $5,369 | 5.80% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 145 | $67,515,000 | $465,621 | $3,390 | 6.21% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 154 | $57,720,000 | $374,805 | $6,236 | 6.16% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 99 | $46,145,000 | $466,111 | $3,424 | 6.54% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 102 | $42,890,000 | $420,490 | $4,072 | 6.36% |
| Jefferson, GA (FHA|USDA|VA) | 103 | $40,735,000 | $395,485 | $5,296 | 6.46% |
| Outside of Metro Areas | 4 | $870,000 | $217,500 | $6,016 | 7.06% |
| Bardstown, KY (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,498 | 5.81% |
| Frankfort, KY (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,702 | 6.38% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,308 | 6.25% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,837 | 6.38% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,571 | 6.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,558 | 6.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against VICTORY MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 96
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Similarity Rank: 336
Similarity Rank: 340
Product Mix
For 2023, Victory Mortgage's most frequently originated type of loan was Conventional, with 1,425 originations. Their 2nd most popular type was FHA, with 312 originations.
Loan Reason
For 2023, Victory Mortgage's most frequently cited loan purpose was Home Purchase, with 1,872 originations. The 2nd most popular reason was Cash Out Refi, with 5 originations.
Loan Duration/Length
For 2023, Victory Mortgage's most frequently cited loan duration was 30 Year, with 1,799 originations. The 2nd most popular length was 15 Year, with 69 originations.
Origination Fees/Closing Costs
Victory Mortgage's average total fees were $4,451, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,595 originations.
Interest Rates
During 2023, Victory Mortgage's average interest rate for loans was 6.10%, while their most frequently originated rate bucket for loans was 5-6%, with 824 originations.
Loan Sizing
2023 saw Victory Mortgage place emphasis on $200k-400k loans with 959 originations, totaling $295,085,000 in origination value.
Applicant Income
Victory Mortgage lent most frequently to those with incomes in the $100k-150k range, with 685 originations. The second most popular income band? $150k-250k, with 527 originations.
Applicant Debt to Income Ratio
Victory Mortgage lent most frequently to those with DTI ratios of 30-36%, with 336 originations. The next most common DTI ratio? 20-30%, with 324 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.58%
Victory Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination71.08%
Victory Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,881 | $694,715,000 | $369,333 |