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, Sioux City, Mankato, and Spirit Lake 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

    100

    Origination Dollar Volume (All Markets)

    $14,300,000

    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) 90 $13,540,000 $150,444 $0 0.00%
    Outside of Metro Areas 7 $595,000 $85,000 $0 0.00%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    MANKATO, MN (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Spirit Lake, IA (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    Voyage Federal Credit Union's top markets include Sioux Falls, Sioux City, Mankato, and Spirit Lake among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 100 $14,300,000 $143,000 $0 0.00%

    For 2022, Voyage Federal Credit Union's most frequently originated type of loan was Conventional, with 100 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 35 $1,685,000 $48,143 $0 0.00%
    Cash Out Refi 35 $5,935,000 $169,571 $0 0.00%
    Home Purchase 25 $5,895,000 $235,800 $0 0.00%
    Refi 5 $785,000 $157,000 $0 0.00%

    For 2022, Voyage Federal Credit Union's most frequently cited loan purpose was Other, with 35 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 100 $14,300,000 $143,000 $0 0.00%

    For 2022, Voyage Federal Credit Union's most frequently cited loan duration was Other, with 100 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 46 $2,140,000 $46,522 $0 0.00%
    $200k-400k 28 $7,440,000 $265,714 $0 0.00%
    $100k-200k 23 $3,215,000 $139,783 $0 0.00%
    $400k-600k 3 $1,505,000 $501,667 $0 0.00%

    2022 saw Voyage Federal Credit Union place emphasis on $100,000 or less loans with 46 originations, totaling $2,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 30 $3,800,000 $126,667 $0 0.00%
    $75k-100k 20 $2,280,000 $114,000 $0 0.00%
    $150k-250k 18 $4,160,000 $231,111 $0 0.00%
    $50k-75k 18 $2,840,000 $157,778 $0 0.00%
    $50k or less 14 $1,220,000 $87,143 $0 0.00%

    Voyage Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $75k-100k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 100 $14,300,000 $143,000 $0 0.00%

    Voyage Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 100 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 96 $13,480,000 $140,417 $0 0.00%
    Black 1 $325,000 $325,000 $0 0.00%
    American Indian 1 $235,000 $235,000 $0 0.00%
    Asian 1 $225,000 $225,000 $0 0.00%
    Not provided 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.95%

    Voyage Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.00%

    Voyage Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 100 $14,300,000 $143,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    100 $14,300,000 $143,000