Victory Mortgage Rates, Fees & Info

FORT MITCHELL, KY

LEI: 549300LEOR2LO8J9RT29

Tax ID: 61-1189425

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

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  • 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

    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, Columbus, Cincinnati, 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% 4/18/24
    30 Year Conventional Refi 6.39% 4/18/24
    30 Year Cash-out Refi 6.54% 4/18/24
    30 Year FHA Purchase 7.11% 4/18/24
    30 Year FHA Refi 5.53% 4/18/24
    30 Year VA Purchase 6.20% 4/18/24
    30 Year USDA Purchase 6.44% 4/18/24
    15 Year Conventional Purchase 5.80% 4/18/24
    15 Year Conventional Refi 5.68% 4/18/24
    15 Year Cash-out Refi 5.68% 4/18/24
    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

    1,143

    Origination Dollar Volume (All Markets)

    $331,575,000
    Show all (24) 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) 344 $107,880,000 $313,605 $1,632 3.80%
    COLUMBUS, OH (FHA|USDA|VA) 243 $74,005,000 $304,547 $1,915 3.80%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 269 $71,145,000 $264,480 $2,112 3.91%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 177 $51,315,000 $289,915 $2,874 3.93%
    LOUISVILLE, KY (FHA|USDA|VA) 93 $22,805,000 $245,215 $3,372 3.71%
    Jefferson, GA (FHA|USDA|VA) 8 $2,640,000 $330,000 $2,314 3.89%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $460,000 $230,000 $5,005 4.25%
    COLUMBUS, IN (FHA|USDA|VA) 2 $340,000 $170,000 $1,864 3.13%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $295,000 $295,000 $310 3.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $225,000 $225,000 $1,729 3.38%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $195,000 $195,000 $6,442 3.63%
    Wooster, OH (FHA|USDA|VA) 1 $135,000 $135,000 $2,117 4.25%
    Outside of Metro Areas 1 $135,000 $135,000 $1,713 4.00%
    Victory Mortgage's top markets include Indianapolis, Columbus, Cincinnati, 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.

    The North Side Bank & Trust Company
    Similarity Rank: 55
    CINFED Federal Credit Union
    Similarity Rank: 162
    WEST COMMUNITY
    Similarity Rank: 190
    United Bank of Union
    Similarity Rank: 275
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 302
    KH NETWORK CREDIT UNION
    Similarity Rank: 304
    Advanz Federal Credit Union
    Similarity Rank: 360
    Columbus Metro Federal Credit Union
    Similarity Rank: 392
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 396
    The Peoples Bank
    Similarity Rank: 400

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 898 $264,650,000 $294,710 $1,360 3.85%
    FHA 135 $33,935,000 $251,370 $5,482 3.84%
    VA 101 $30,885,000 $305,792 $4,672 3.73%
    USDA 9 $2,105,000 $233,889 $3,849 3.46%

    For 2019, Victory Mortgage's most frequently originated type of loan was Conventional, with 898 originations. Their 2nd most popular type was FHA, with 135 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 968 $279,870,000 $289,122 $2,146 3.87%
    Refi 145 $45,585,000 $314,379 $2,212 3.58%
    Cash Out Refi 26 $5,250,000 $201,923 $2,430 4.07%
    Home Improvement 4 $870,000 $217,500 $2,124 4.09%

    For 2019, Victory Mortgage's most frequently cited loan purpose was Home Purchase, with 968 originations. The 2nd most popular reason was Refi, with 145 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,022 $302,440,000 $295,930 $2,255 3.88%
    15 Year 91 $20,515,000 $225,440 $1,287 3.49%
    20 Year 18 $4,710,000 $261,667 $1,331 3.61%
    Other 8 $3,050,000 $381,250 $2,313 3.54%
    10 Year 3 $635,000 $211,667 $1,397 3.42%
    30+ year 1 $225,000 $225,000 $0 4.75%

    For 2019, Victory Mortgage's most frequently cited loan duration was 30 Year, with 1,022 originations. The 2nd most popular length was 15 Year, with 91 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,079 $313,555,000 $290,598
    $1k-2k 40 $11,380,000 $284,500
    $2k-3k 9 $2,255,000 $250,556
    $3k-4k 8 $2,310,000 $288,750
    $5k+ 5 $1,515,000 $303,000
    $4k-5k 2 $560,000 $280,000

    Victory Mortgage's average total fees were $2,255, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,079 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 832 $244,650,000 $294,050
    4-5% 275 $78,165,000 $284,236
    2.5-3% 22 $5,820,000 $264,545
    5-6% 12 $2,700,000 $225,000
    6-7% 2 $240,000 $120,000

    During 2019, Victory Mortgage's average interest rate for loans was 3.88%, while their most frequently originated rate bucket for loans was 3-4%, with 832 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 721 $204,875,000 $284,154 $2,322 3.81%
    $100k-200k 195 $30,895,000 $158,436 $1,985 3.87%
    $400k-600k 184 $84,070,000 $456,902 $1,942 3.85%
    $100,000 or less 29 $1,965,000 $67,759 $974 4.20%
    $600k-1MM 14 $9,770,000 $697,857 $1,584 4.04%

    2019 saw Victory Mortgage place emphasis on $200k-400k loans with 721 originations, totaling $204,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 353 $105,275,000 $298,229 $1,997 3.87%
    $75k-100k 236 $61,500,000 $260,593 $2,481 3.82%
    $150k-250k 218 $79,240,000 $363,486 $1,900 3.83%
    $50k-75k 196 $43,820,000 $223,571 $2,535 3.81%
    $50k or less 70 $12,090,000 $172,714 $2,307 3.86%
    $250k+ 68 $29,280,000 $430,588 $1,487 3.87%

    Victory Mortgage lent most frequently to those with incomes in the $100k-150k range, with 353 originations. The second most popular income band? $75k-100k, with 236 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 272 $78,570,000 $288,860 $1,695 3.79%
    30-36% 216 $64,810,000 $300,046 $2,022 3.84%
    <20% 114 $32,090,000 $281,491 $1,600 3.73%
    50-60% 44 $11,700,000 $265,909 $5,349 3.91%
    36% 43 $12,175,000 $283,140 $2,009 3.81%
    40% 42 $12,020,000 $286,190 $2,692 3.83%
    38% 40 $11,230,000 $280,750 $1,726 3.87%
    49% 39 $11,265,000 $288,846 $2,548 3.91%
    43% 39 $12,215,000 $313,205 $2,210 3.84%
    41% 38 $11,120,000 $292,632 $2,339 3.90%
    42% 37 $10,675,000 $288,514 $2,687 3.87%
    39% 36 $9,430,000 $261,944 $1,993 3.92%
    44% 35 $10,225,000 $292,143 $2,308 3.93%
    37% 33 $11,105,000 $336,515 $2,260 3.96%
    47% 32 $9,670,000 $302,188 $2,484 3.99%
    46% 28 $8,000,000 $285,714 $2,075 3.85%
    48% 26 $7,720,000 $296,923 $2,935 3.82%
    45% 26 $6,980,000 $268,462 $2,504 3.85%
    >60% 1 $205,000 $205,000 $3,615 4.13%

    Victory Mortgage lent most frequently to those with DTI ratios of 20-30%, with 272 originations. The next most common DTI ratio? 30-36%, with 216 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 820 $231,230,000 $281,988 $2,085 3.85%
    Asian 106 $34,380,000 $324,340 $1,394 3.77%
    Black 111 $34,275,000 $308,784 $3,438 3.87%
    Not provided 91 $26,935,000 $295,989 $2,029 3.81%
    Asian Indian 11 $3,535,000 $321,364 $2,162 3.69%
    American Indian 3 $1,005,000 $335,000 $5,056 3.50%
    Japanese 1 $215,000 $215,000 $1,507 3.63%

    Approval Rates

    Total approvals of all applications
    98.92%

    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
    88.10%

    Victory Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,143 $331,575,000 $290,092

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,143 $331,575,000 $290,092

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $3,590,000 $119,667 $578 3.71%
    40-60% 71 $14,955,000 $210,634 $1,173 3.66%
    60-80% 331 $97,715,000 $295,211 $1,406 3.86%
    80-100% 683 $207,805,000 $304,253 $2,457 3.85%
    Over 100% 22 $6,970,000 $316,818 $9,867 3.69%
    Under 20% 4 $170,000 $42,500 $476 4.50%