Voyage Federal Credit Union Mortgage Rates, Fees & Info

Sioux Falls, SD

LEI: 549300MVYX1L50756117

Tax ID: 46-0230471

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Voyage Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Voyage Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Sioux Falls, Vermillion, Spearfish, St. Cloud, and Watertown among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Voyage Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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    Originations

    78

    Origination Dollar Volume (All Markets)

    $9,000,000

    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
    SIOUX FALLS, SD (FHA|USDA|VA) 56 $5,930,000 $105,893 $0 0.00%
    Vermillion, SD (FHA|USDA|VA) 12 $1,160,000 $96,667 $0 0.00%
    Spearfish, SD (FHA|USDA|VA) 1 $575,000 $575,000 $0 0.00%
    Outside of Metro Areas 6 $560,000 $93,333 $0 0.00%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    Watertown, SD (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Voyage Federal Credit Union's top markets include Sioux Falls, Vermillion, Spearfish, St. Cloud, and Watertown among others.

    Their top states include:
  • South Dakota (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 78 $9,000,000 $115,385 $0 0.00%

    For 2024, Voyage Federal Credit Union's most frequently originated type of loan was Conventional, with 78 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 65 $5,465,000 $84,077 $0 0.00%
    Home Purchase 9 $2,535,000 $281,667 $0 0.00%
    Refi 4 $1,000,000 $250,000 $0 0.00%

    For 2024, Voyage Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 65 originations. The 2nd most popular reason was Home Purchase, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 78 $9,000,000 $115,385 $0 0.00%

    For 2024, Voyage Federal Credit Union's most frequently cited loan duration was Other, with 78 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 54 $2,610,000 $48,333 $0 0.00%
    $100k-200k 12 $1,720,000 $143,333 $0 0.00%
    $200k-400k 9 $2,735,000 $303,889 $0 0.00%
    $400k-600k 2 $1,130,000 $565,000 $0 0.00%
    $600k-1MM 1 $805,000 $805,000 $0 0.00%

    2024 saw Voyage Federal Credit Union place emphasis on $100,000 or less loans with 54 originations, totaling $2,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 24 $2,140,000 $89,167 $0 0.00%
    $50k-75k 19 $1,115,000 $58,684 $0 0.00%
    $150k-250k 16 $3,560,000 $222,500 $0 0.00%
    $75k-100k 12 $1,250,000 $104,167 $0 0.00%
    $50k or less 5 $355,000 $71,000 $0 0.00%
    $250k+ 2 $580,000 $290,000 $0 0.00%

    Voyage Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $50k-75k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 78 $9,000,000 $115,385 $0 0.00%

    Voyage Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 70 $8,260,000 $118,000 $0 0.00%
    Not provided 5 $505,000 $101,000 $0 0.00%
    Asian 2 $190,000 $95,000 $0 0.00%
    Black 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    75.59%

    Voyage Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.90%

    Voyage Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 78 $9,000,000 $115,385

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    78 $9,000,000 $115,385