Victory Mortgage Rates, Fees & Info

FORT MITCHELL, KY

LEI: 549300LEOR2LO8J9RT29

Tax ID: 61-1189425

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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: Indianapolis, Cincinnati, Columbus, Atlanta, and Louisville among others. We have data for 13 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 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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.55% 12/30/24
30 Year Conventional Refi 6.39% 12/30/24
30 Year Cash-out Refi 6.54% 12/30/24
30 Year FHA Purchase 7.11% 12/30/24
30 Year FHA Refi 5.53% 12/30/24
30 Year VA Purchase 6.20% 12/30/24
30 Year USDA Purchase 6.44% 12/30/24
15 Year Conventional Purchase 5.80% 12/30/24
15 Year Conventional Refi 5.68% 12/30/24
15 Year Cash-out Refi 5.68% 12/30/24
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

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

This is not an official calculator from Victory Mortgage. 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

895

Origination Dollar Volume (All Markets)

$242,105,000
Show all (25) 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
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 328 $95,830,000 $292,165 $1,777 4.42%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 281 $67,585,000 $240,516 $1,980 4.44%
COLUMBUS, OH (FHA|USDA|VA) 154 $42,290,000 $274,610 $1,574 4.42%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 98 $28,350,000 $289,286 $2,160 4.43%
LOUISVILLE, KY (FHA|USDA|VA) 14 $2,980,000 $212,857 $2,502 4.48%
DAYTON-KETTERING, OH (FHA|USDA|VA) 11 $2,575,000 $234,091 $1,538 4.49%
Jefferson, GA (FHA|USDA|VA) 3 $725,000 $241,667 $226 4.13%
Warsaw, IN (FHA|USDA|VA) 1 $645,000 $645,000 $2,916 4.50%
GAINESVILLE, GA (FHA|USDA|VA) 1 $345,000 $345,000 $2,265 5.13%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $315,000 $315,000 $1,856 4.38%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $225,000 $225,000 $1,810 4.88%
FORT WAYNE, IN (FHA|USDA|VA) 1 $215,000 $215,000 $2,128 4.88%
TOLEDO, OH (FHA|USDA|VA) 1 $25,000 $25,000 $600 4.50%
Victory Mortgage's top markets include Indianapolis, Cincinnati, Columbus, Atlanta, and Louisville among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • 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.

    Community Bank of Trenton
    Similarity Rank: 108
    MIAMI UNIVERSITY COMMUNITY
    Similarity Rank: 120
    The Peoples Bank
    Similarity Rank: 120
    Greenville Federal
    Similarity Rank: 144
    CINCINNATI OHIO POLICE
    Similarity Rank: 172
    First National Bank of Waterloo
    Similarity Rank: 200
    New Carlisle Federal Savings Bank
    Similarity Rank: 224
    Firefighters & Company FCU
    Similarity Rank: 235

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 684 $186,230,000 $272,266 $916 4.46%
    FHA 124 $30,280,000 $244,194 $5,069 4.34%
    VA 80 $24,350,000 $304,375 $4,815 4.37%
    USDA 7 $1,245,000 $177,857 $2,946 4.27%

    For 2018, Victory Mortgage's most frequently originated type of loan was Conventional, with 684 originations. Their 2nd most popular type was FHA, with 124 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 869 $236,245,000 $271,858 $1,836 4.43%
    Cash Out Refi 15 $3,475,000 $231,667 $1,645 4.56%
    Refi 11 $2,385,000 $216,818 $3,237 4.60%

    For 2018, Victory Mortgage's most frequently cited loan purpose was Home Purchase, with 869 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 787 $220,095,000 $279,663 $2,007 4.48%
    15 Year 80 $16,970,000 $212,125 $793 3.93%
    20 Year 18 $4,060,000 $225,556 $730 4.46%
    10 Year 10 $980,000 $98,000 $388 4.36%

    For 2018, Victory Mortgage's most frequently cited loan duration was 30 Year, with 787 originations. The 2nd most popular length was 15 Year, with 80 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 826 $222,190,000 $268,995
    $1k-2k 23 $6,105,000 $265,435
    $2k-3k 7 $2,035,000 $290,714
    $3k-4k 4 $960,000 $240,000
    $4k-5k 4 $1,140,000 $285,000
    $5k+ 4 $1,800,000 $450,000

    Victory Mortgage's average total fees were $2,007, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 826 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 695 $188,985,000 $271,921
    3-4% 162 $43,310,000 $267,346
    5-6% 35 $9,265,000 $264,714
    6-7% 2 $270,000 $135,000
    2.5-3% 1 $275,000 $275,000

    During 2018, Victory Mortgage's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 4-5%, with 695 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 564 $156,480,000 $277,447 $2,076 4.42%
    $100k-200k 173 $26,985,000 $155,983 $1,484 4.40%
    $400k-600k 114 $51,470,000 $451,491 $1,587 4.48%
    $100,000 or less 37 $2,515,000 $67,973 $939 4.59%
    $600k-1MM 7 $4,655,000 $665,000 $2,299 4.52%

    2018 saw Victory Mortgage place emphasis on $200k-400k loans with 564 originations, totaling $156,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 291 $83,025,000 $285,309 $1,897 4.42%
    $75k-100k 186 $45,430,000 $244,247 $1,941 4.46%
    $150k-250k 168 $59,470,000 $353,988 $1,560 4.44%
    $50k-75k 165 $33,945,000 $205,727 $2,187 4.43%
    $50k or less 55 $8,185,000 $148,818 $1,758 4.45%
    $250k+ 30 $12,050,000 $401,667 $767 4.37%

    Victory Mortgage lent most frequently to those with incomes in the $100k-150k range, with 291 originations. The second most popular income band? $75k-100k, with 186 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 218 $56,940,000 $261,193 $1,614 4.41%
    30-36% 179 $50,135,000 $280,084 $1,371 4.39%
    <20% 47 $10,835,000 $230,532 $998 4.29%
    36% 45 $11,765,000 $261,444 $1,643 4.48%
    42% 35 $9,635,000 $275,286 $1,658 4.56%
    38% 35 $10,485,000 $299,571 $2,106 4.61%
    37% 34 $9,750,000 $286,765 $1,418 4.32%
    40% 33 $8,095,000 $245,303 $1,119 4.46%
    50-60% 33 $8,635,000 $261,667 $6,050 4.38%
    44% 32 $8,300,000 $259,375 $1,642 4.52%
    49% 30 $8,130,000 $271,000 $3,084 4.52%
    46% 28 $8,240,000 $294,286 $2,394 4.45%
    47% 25 $7,345,000 $293,800 $2,514 4.54%
    48% 25 $7,515,000 $300,600 $1,847 4.42%
    39% 24 $7,730,000 $322,083 $2,312 4.48%
    43% 24 $6,400,000 $266,667 $2,459 4.55%
    41% 24 $6,460,000 $269,167 $2,480 4.34%
    45% 23 $5,555,000 $241,522 $1,621 4.50%
    >60% 1 $155,000 $155,000 $310 4.38%

    Victory Mortgage lent most frequently to those with DTI ratios of 20-30%, with 218 originations. The next most common DTI ratio? 30-36%, with 179 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 695 $182,515,000 $262,612 $1,832 4.44%
    Black 83 $24,565,000 $295,964 $2,931 4.39%
    Asian 68 $21,220,000 $312,059 $1,034 4.33%
    Not provided 33 $9,385,000 $284,394 $1,105 4.50%
    Asian Indian 8 $2,270,000 $283,750 $725 4.59%
    American Indian 4 $1,170,000 $292,500 $4,966 4.31%
    Other Asian 2 $570,000 $285,000 $360 4.63%
    Native Hawaiian or Islander 1 $275,000 $275,000 $5,031 4.50%
    Other Pacific Islander 1 $135,000 $135,000 $2,622 4.38%

    Approval Rates

    Total approvals of all applications
    97.42%

    Victory Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    81.68%

    Victory Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 895 $242,105,000 $270,508

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 895 $242,105,000 $270,508

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $3,575,000 $108,333 $599 4.36%
    40-60% 70 $14,020,000 $200,286 $883 4.24%
    60-80% 196 $54,460,000 $277,857 $952 4.44%
    80-100% 563 $161,935,000 $287,629 $2,046 4.46%
    Over 100% 24 $7,610,000 $317,083 $9,485 4.34%
    Under 20% 9 $505,000 $56,111 $311 4.61%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    VICTORIAN FINANCE, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%