Voyage Federal Credit Union Mortgage Rates, Fees & Info

Sioux Falls, SD

LEI: 549300MVYX1L50756117

Tax ID: 46-0230471

Latest/2023 | 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, Watertown, and Rapid City among others. We have data for 5 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.

    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.

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    Originations

    66

    Origination Dollar Volume (All Markets)

    $9,860,000

    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) 51 $7,935,000 $155,588 $0 0.00%
    Vermillion, SD (FHA|USDA|VA) 8 $760,000 $95,000 $0 0.00%
    Outside of Metro Areas 5 $685,000 $137,000 $0 0.00%
    Watertown, SD (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    RAPID CITY, SD (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Voyage Federal Credit Union's top markets include Sioux Falls, Vermillion, Watertown, and Rapid City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 66 $9,860,000 $149,394 $0 0.00%

    For 2023, Voyage Federal Credit Union's most frequently originated type of loan was Conventional, with 66 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 31 $3,025,000 $97,581 $0 0.00%
    Other 16 $900,000 $56,250 $0 0.00%
    Home Purchase 14 $4,540,000 $324,286 $0 0.00%
    Refi 5 $1,395,000 $279,000 $0 0.00%

    For 2023, Voyage Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 31 originations. The 2nd most popular reason was Other, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 66 $9,860,000 $149,394 $0 0.00%

    For 2023, Voyage Federal Credit Union's most frequently cited loan duration was Other, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 43 $2,295,000 $53,372 $0 0.00%
    $200k-400k 11 $3,355,000 $305,000 $0 0.00%
    $400k-600k 7 $3,555,000 $507,857 $0 0.00%
    $100k-200k 5 $655,000 $131,000 $0 0.00%

    2023 saw Voyage Federal Credit Union place emphasis on $100,000 or less loans with 43 originations, totaling $2,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 18 $3,100,000 $172,222 $0 0.00%
    $50k-75k 14 $1,300,000 $92,857 $0 0.00%
    $150k-250k 12 $2,450,000 $204,167 $0 0.00%
    $75k-100k 9 $875,000 $97,222 $0 0.00%
    $50k or less 8 $310,000 $38,750 $0 0.00%
    $250k+ 5 $1,825,000 $365,000 $0 0.00%

    Voyage Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $50k-75k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 66 $9,860,000 $149,394 $0 0.00%

    Voyage Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 66 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 60 $9,170,000 $152,833 $0 0.00%
    Not provided 3 $385,000 $128,333 $0 0.00%
    Black 2 $240,000 $120,000 $0 0.00%
    Korean 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.89%

    Voyage Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.30%

    Voyage Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 66 $9,860,000 $149,394

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    66 $9,860,000 $149,394