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, Home Purchase, and Refi loans. Voyage Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Sioux Falls, Spearfish, Mitchell, Minneapolis, and Sioux City among others. We have data for 6 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.

    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)

    $9,030,000

    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) 59 $7,735,000 $131,102 $0 0.00%
    Spearfish, SD (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    Mitchell, SD (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 2 $230,000 $115,000 $0 0.00%
    Outside of Metro Areas 1 $225,000 $225,000 $0 0.00%
    Voyage Federal Credit Union's top markets include Sioux Falls, Spearfish, Mitchell, Minneapolis, and Sioux City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 66 $9,030,000 $136,818 $0 0.00%

    For 2019, 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 32 $3,420,000 $106,875 $0 0.00%
    Home Purchase 15 $3,455,000 $230,333 $0 0.00%
    Refi 11 $1,855,000 $168,636 $0 0.00%
    Other 8 $300,000 $37,500 $0 0.00%

    For 2019, Voyage Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 32 originations. The 2nd most popular reason was Home Purchase, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 66 $9,030,000 $136,818 $0 0.00%

    For 2019, 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 31 $1,435,000 $46,290 $0 0.00%
    $200k-400k 21 $5,385,000 $256,429 $0 0.00%
    $100k-200k 14 $2,210,000 $157,857 $0 0.00%

    2019 saw Voyage Federal Credit Union place emphasis on $100,000 or less loans with 31 originations, totaling $1,435,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 23 $4,355,000 $189,348 $0 0.00%
    $50k-75k 16 $1,540,000 $96,250 $0 0.00%
    $150k-250k 9 $1,385,000 $153,889 $0 0.00%
    $50k or less 9 $845,000 $93,889 $0 0.00%
    $75k-100k 9 $905,000 $100,556 $0 0.00%

    Voyage Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $50k-75k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 66 $9,030,000 $136,818 $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 66 $9,030,000 $136,818 $0 0.00%

    Approval Rates

    Total approvals of all applications
    78.15%

    Voyage Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 66 $9,030,000 $136,818

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 66 $9,030,000 $136,818