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
  • Complaints
  • 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: Cincinnati, Columbus, Indianapolis, Louisville, and Atlanta among others. We have data for 25 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% 12/16/24
    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

    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

    2,099

    Origination Dollar Volume (All Markets)

    $750,835,000
    Show all (16) 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
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 868 $279,070,000 $321,509 $4,102 4.57%
    COLUMBUS, OH (FHA|USDA|VA) 320 $124,920,000 $390,375 $4,303 4.37%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 235 $96,015,000 $408,574 $4,033 4.65%
    LOUISVILLE, KY (FHA|USDA|VA) 236 $78,230,000 $331,483 $5,101 4.86%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 137 $60,625,000 $442,518 $5,198 4.47%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 158 $58,420,000 $369,747 $6,091 4.32%
    Jefferson, GA (FHA|USDA|VA) 64 $28,490,000 $445,156 $4,857 4.75%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 56 $19,980,000 $356,786 $3,302 4.87%
    Outside of Metro Areas 6 $1,330,000 $221,667 $4,805 5.25%
    Bardstown, KY (FHA|USDA|VA) 2 $480,000 $240,000 $4,227 4.94%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $470,000 $235,000 $4,063 4.25%
    Glasgow, KY (FHA|USDA|VA) 2 $330,000 $165,000 $4,641 6.69%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $325,000 $325,000 $9,513 3.50%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $285,000 $285,000 $8,017 6.38%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $265,000 $265,000 $2,406 3.75%
    Richmond-Berea, KY (FHA|USDA|VA) 1 $225,000 $225,000 $4,367 3.88%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $215,000 $215,000 $2,788 3.75%
    MUNCIE, IN (FHA|USDA|VA) 1 $195,000 $195,000 $4,161 5.63%
    Wilmington, OH (FHA|USDA|VA) 1 $185,000 $185,000 $5,597 6.00%
    Marion, OH (FHA|USDA|VA) 1 $165,000 $165,000 $2,141 6.63%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $145,000 $145,000 $2,813 3.25%
    TOLEDO, OH (FHA|USDA|VA) 1 $145,000 $145,000 $2,807 3.38%
    Campbellsville, KY (FHA|USDA|VA) 1 $115,000 $115,000 $4,411 5.13%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $105,000 $105,000 $2,271 4.13%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $105,000 $105,000 $3,303 4.25%
    Victory Mortgage's top markets include Cincinnati, Columbus, Indianapolis, Louisville, and Atlanta among others.

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

    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 126
    Commonwealth Bank and Trust Company
    Similarity Rank: 133
    Sharefax Credit Union
    Similarity Rank: 170
    CINFED Federal Credit Union
    Similarity Rank: 210
    First National Bank of Waterloo
    Similarity Rank: 216
    Gateway Metro Federal Credit Union
    Similarity Rank: 240
    Mutual Savings Bank
    Similarity Rank: 268
    Independent Federal Credit Union
    Similarity Rank: 318
    First Federal Savings and Loan Association
    Similarity Rank: 366

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,633 $580,515,000 $355,490 $3,220 4.58%
    FHA 272 $92,340,000 $339,485 $9,114 4.70%
    VA 185 $75,685,000 $409,108 $8,546 4.41%
    USDA 9 $2,295,000 $255,000 $5,340 3.86%

    For 2022, Victory Mortgage's most frequently originated type of loan was Conventional, with 1,633 originations. Their 2nd most popular type was FHA, with 272 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,054 $738,550,000 $359,567 $4,493 4.59%
    Cash Out Refi 30 $8,120,000 $270,667 $3,170 3.83%
    Refi 15 $4,165,000 $277,667 $3,015 3.82%

    For 2022, Victory Mortgage's most frequently cited loan purpose was Home Purchase, with 2,054 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,995 $720,605,000 $361,206 $4,539 4.62%
    15 Year 80 $23,010,000 $287,625 $3,104 3.74%
    20 Year 14 $4,510,000 $322,143 $3,020 3.68%
    10 Year 9 $2,465,000 $273,889 $2,022 3.76%
    Other 1 $245,000 $245,000 $5,594 2.75%

    For 2022, Victory Mortgage's most frequently cited loan duration was 30 Year, with 1,995 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 1,630 $568,380,000 $348,699
    $1k-2k 149 $53,115,000 $356,477
    $2k-3k 106 $40,180,000 $379,057
    $5k+ 106 $46,600,000 $439,623
    $3k-4k 68 $26,350,000 $387,500
    $4k-5k 40 $16,210,000 $405,250

    Victory Mortgage's average total fees were $4,539, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,630 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 599 $212,065,000 $354,032
    4-5% 579 $204,765,000 $353,653
    3-4% 569 $205,795,000 $361,678
    2.5-3% 169 $64,175,000 $379,734
    6-7% 152 $52,310,000 $344,145
    <2.5% 19 $7,395,000 $389,211
    7-8% 12 $4,330,000 $360,833

    During 2022, Victory Mortgage's average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 5-6%, with 599 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,159 $358,885,000 $309,651 $4,388 4.61%
    $400k-600k 614 $291,590,000 $474,902 $5,194 4.51%
    $100k-200k 197 $31,545,000 $160,127 $2,628 4.61%
    $600k-1MM 94 $63,030,000 $670,532 $4,857 4.58%
    $100,000 or less 32 $2,510,000 $78,438 $2,043 4.44%
    $1MM+ 3 $3,275,000 $1,091,667 $17,813 3.33%

    2022 saw Victory Mortgage place emphasis on $200k-400k loans with 1,159 originations, totaling $358,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 777 $280,485,000 $360,985 $4,704 4.62%
    $150k-250k 478 $207,170,000 $433,410 $4,073 4.55%
    $75k-100k 400 $123,250,000 $308,125 $4,959 4.64%
    $50k-75k 266 $68,430,000 $257,256 $4,253 4.53%
    $250k+ 127 $62,415,000 $491,457 $3,969 4.34%
    $50k or less 50 $8,710,000 $174,200 $2,911 4.44%

    Victory Mortgage lent most frequently to those with incomes in the $100k-150k range, with 777 originations. The second most popular income band? $150k-250k, with 478 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 439 $148,985,000 $339,374 $3,529 4.36%
    30-36% 391 $140,415,000 $359,118 $4,129 4.48%
    <20% 119 $35,865,000 $301,387 $2,925 4.18%
    50-60% 112 $43,140,000 $385,179 $9,223 4.75%
    42% 95 $36,995,000 $389,421 $4,598 4.90%
    39% 90 $33,820,000 $375,778 $4,242 4.58%
    49% 86 $31,190,000 $362,674 $5,492 4.71%
    40% 82 $31,340,000 $382,195 $4,256 4.62%
    47% 79 $28,185,000 $356,772 $4,999 4.94%
    37% 76 $26,610,000 $350,132 $4,067 4.86%
    41% 75 $27,655,000 $368,733 $4,035 4.66%
    45% 72 $25,500,000 $354,167 $5,122 4.81%
    38% 71 $27,735,000 $390,634 $4,134 4.49%
    44% 68 $24,390,000 $358,676 $4,417 4.83%
    48% 68 $24,560,000 $361,176 $5,533 4.82%
    46% 65 $23,545,000 $362,231 $5,631 4.64%
    43% 59 $21,175,000 $358,898 $4,521 4.83%
    36% 52 $19,730,000 $379,423 $3,957 4.40%

    Victory Mortgage lent most frequently to those with DTI ratios of 20-30%, with 439 originations. The next most common DTI ratio? 30-36%, with 391 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,251 $422,825,000 $337,990 $4,189 4.56%
    Black 272 $105,250,000 $386,949 $6,014 4.72%
    Not provided 279 $102,395,000 $367,007 $4,491 4.50%
    Asian 213 $86,285,000 $405,094 $3,969 4.59%
    Asian Indian 48 $20,160,000 $420,000 $3,676 4.44%
    Other Asian 16 $6,440,000 $402,500 $5,051 4.74%
    American Indian 17 $6,355,000 $373,824 $7,218 4.38%
    Native Hawaiian 1 $535,000 $535,000 $7,244 5.50%
    Japanese 1 $305,000 $305,000 $2,959 2.50%
    Native Hawaiian or Islander 1 $285,000 $285,000 $4,303 3.25%

    Approval Rates

    Total approvals of all applications
    93.94%

    Victory Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.70%

    Victory Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,099 $750,835,000 $357,711

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,099 $750,835,000 $357,711

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 80 $12,660,000 $158,250 $2,295 4.31%
    40-60% 154 $38,520,000 $250,130 $2,841 4.30%
    60-80% 524 $188,130,000 $359,027 $3,300 4.58%
    80-100% 1,283 $491,295,000 $382,927 $4,887 4.63%
    Over 100% 45 $19,065,000 $423,667 $16,030 4.46%
    Under 20% 13 $1,165,000 $89,615 $2,023 4.36%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    VICTORIAN FINANCE, LLC Conventional home mortgage Trouble during payment process 1 100.0%