Visionbank Mortgage Rates, Fees & Info
Fargo, NDLEI: 549300R9WS7FTSHD0V89
Tax ID: 20-0987179
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Visionbank is a smaller bank specializing in Home Purchase loans. Visionbank has a high proportion of conventional loans. Their top markets by origination volume include: Fargo, Cape Coral, Austin, Fergus Falls, and Minneapolis among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Visionbank has an above average approval rate when compared to the average across all lenders. They have an above 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.
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.
Originations
87Origination Dollar Volume (All Markets)
$19,205,000Top 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 |
|---|---|---|---|---|---|
| FARGO, ND-MN (FHA|USDA|VA) | 71 | $13,835,000 | $194,859 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $1,765,000 | $252,143 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $1,065,000 | $1,065,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Jamestown, ND (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against VISIONBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 108
Similarity Rank: 128
Similarity Rank: 190
Similarity Rank: 400
Similarity Rank: 420
Similarity Rank: 432
Similarity Rank: 748
Similarity Rank: 855
Similarity Rank: 1190
Similarity Rank: 1352
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 87 | $19,205,000 | $220,747 | $0 | 0.00% |
For 2024, Visionbank's most frequently originated type of loan was Conventional, with 87 originations.
Loan Reason
For 2024, Visionbank's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Other, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 87 | $19,205,000 | $220,747 | $0 | 0.00% |
For 2024, Visionbank's most frequently cited loan duration was Other, with 87 originations.
Loan Sizing
2024 saw Visionbank place emphasis on $200k-400k loans with 37 originations, totaling $10,115,000 in origination value.
Applicant Income
Visionbank lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $75k-100k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 87 | $19,205,000 | $220,747 | $0 | 0.00% |
Visionbank lent most frequently to those with DTI ratios of Exempt%, with 87 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.88%
Visionbank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.10%
Visionbank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 87 | $19,205,000 | $220,747 |