Vision Bank Mortgage Rates, Fees & Info

Ada, OK

LEI: 549300SNAY3J7NZEU618

Tax ID: 73-0120518

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Vision Bank is a smaller bank specializing in Home Purchase and Refi loans. Vision Bank has a high proportion of conventional loans. Their top markets by origination volume include: Ada, Oklahoma City, Durant, Shawnee, and Duncan among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Vision Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Vision Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.72% 12/16/24
    30 Year Conventional Refi 6.82% 12/16/24
    30 Year Cash-out Refi 6.86% 12/16/24
    15 Year Conventional Purchase 6.59% 12/16/24
    15 Year Conventional Refi 6.90% 12/16/24
    15 Year Cash-out Refi 6.90% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Vision Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Vision Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    458

    Origination Dollar Volume (All Markets)

    $97,960,000
    Show all (9) awards

    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
    Outside of Metro Areas 139 $27,165,000 $195,432 $3,241 4.71%
    Ada, OK (FHA|USDA|VA) 134 $23,840,000 $177,910 $2,700 4.78%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 85 $20,845,000 $245,235 $2,794 4.78%
    Durant, OK (FHA|USDA|VA) 35 $8,005,000 $228,714 $3,924 4.86%
    Shawnee, OK (FHA|USDA|VA) 45 $7,685,000 $170,778 $3,089 4.94%
    Duncan, OK (FHA|USDA|VA) 3 $4,745,000 $1,581,667 $933 4.15%
    TULSA, OK (FHA|USDA|VA) 8 $2,580,000 $322,500 $2,742 4.52%
    Bartlesville, OK (FHA|USDA|VA) 2 $2,060,000 $1,030,000 $3,962 5.44%
    Ardmore, OK (FHA|USDA|VA) 4 $410,000 $102,500 $2,623 4.73%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $315,000 $315,000 $0 4.75%
    Muskogee, OK (FHA|USDA|VA) 1 $185,000 $185,000 $730 4.25%
    Stillwater, OK (FHA|USDA|VA) 1 $125,000 $125,000 $2,903 3.75%
    Vision Bank's top markets include Ada, Oklahoma City, Durant, Shawnee, and Duncan among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Vision Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    WEOKIE
    Similarity Rank: 165
    ALLEGIANCE
    Similarity Rank: 176
    TRUE SKY
    Similarity Rank: 192
    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 369
    Vision Bank
    Similarity Rank: 372
    STAR ONE CREDIT UNION
    Similarity Rank: 725
    Oklahoma Educators Credit Union
    Similarity Rank: 994
    CWM PARTNERS, L.P.
    Similarity Rank: 1057
    TTCU Federal Credit Union
    Similarity Rank: 1340
    VALOR BANK
    Similarity Rank: 1463

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 458 $97,960,000 $213,886 $2,999 4.77%

    For 2022, Vision Bank's most frequently originated type of loan was Conventional, with 458 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 309 $71,475,000 $231,311 $3,255 4.82%
    Refi 114 $21,810,000 $191,316 $2,388 4.65%
    Home Improvement 16 $1,960,000 $122,500 $1,877 5.47%
    Other 10 $1,290,000 $129,000 $2,828 4.95%
    Cash Out Refi 9 $1,425,000 $158,333 $4,139 3.38%

    For 2022, Vision Bank's most frequently cited loan purpose was Home Purchase, with 309 originations. The 2nd most popular reason was Refi, with 114 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 205 $44,875,000 $218,902 $3,371 4.47%
    20 Year 110 $19,830,000 $180,273 $3,043 4.97%
    10 Year 73 $15,315,000 $209,795 $2,021 5.04%
    15 Year 54 $5,900,000 $109,259 $2,849 5.14%
    Other 11 $10,545,000 $958,636 $1,255 4.97%
    5 Year 3 $185,000 $61,667 $1,852 5.00%
    1 Year 2 $1,310,000 $655,000 $0 3.75%

    For 2022, Vision Bank's most frequently cited loan duration was 30 Year, with 205 originations. The 2nd most popular length was 20 Year, with 110 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 205 $42,015,000 $204,951
    $1k-2k 81 $11,625,000 $143,519
    $2k-3k 40 $9,630,000 $240,750
    $3k-4k 16 $4,830,000 $301,875

    Vision Bank's average total fees were $3,371, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 205 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 146 $32,520,000 $222,740
    4-5% 130 $28,240,000 $217,231
    5-6% 97 $22,705,000 $234,072
    6-7% 58 $10,380,000 $178,966
    2.5-3% 10 $2,070,000 $207,000
    7-8% 9 $1,185,000 $131,667
    <2.5% 5 $605,000 $121,000
    Over 8% 3 $255,000 $85,000

    During 2022, Vision Bank's average interest rate for loans was 4.47%, while their most frequently originated rate bucket for loans was 3-4%, with 146 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 162 $23,810,000 $146,975 $2,958 4.66%
    $200k-400k 131 $36,345,000 $277,443 $3,602 4.77%
    $100,000 or less 129 $8,335,000 $64,612 $2,232 4.99%
    $400k-600k 25 $11,595,000 $463,800 $2,997 4.45%
    $1MM+ 6 $14,040,000 $2,340,000 $0 4.57%
    $600k-1MM 5 $3,835,000 $767,000 $2,530 4.43%

    2022 saw Vision Bank place emphasis on $100k-200k loans with 162 originations, totaling $23,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 92 $19,670,000 $213,804 $3,132 4.63%
    $50k or less 68 $7,030,000 $103,382 $2,568 4.89%
    $50k-75k 65 $9,605,000 $147,769 $2,939 4.63%
    $150k-250k 64 $15,880,000 $248,125 $3,279 4.72%
    $75k-100k 62 $10,960,000 $176,774 $2,907 4.69%
    $250k+ 32 $9,030,000 $282,188 $3,529 5.13%

    Vision Bank lent most frequently to those with incomes in the $100k-150k range, with 92 originations. The second most popular income band? $50k or less, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 68 $13,060,000 $192,059 $3,237 4.85%
    30-36% 65 $12,445,000 $191,462 $2,711 4.49%
    <20% 40 $7,350,000 $183,750 $3,460 4.71%
    >60% 31 $6,315,000 $203,710 $2,602 4.56%
    42% 16 $2,720,000 $170,000 $2,690 4.31%
    50-60% 16 $2,800,000 $175,000 $3,028 4.62%
    37% 13 $3,505,000 $269,615 $3,627 4.91%
    38% 12 $1,790,000 $149,167 $3,413 4.45%
    41% 11 $2,365,000 $215,000 $3,341 4.26%
    36% 10 $3,030,000 $303,000 $2,612 4.81%
    40% 10 $1,890,000 $189,000 $3,185 4.87%
    43% 9 $1,905,000 $211,667 $2,567 4.69%
    44% 8 $1,450,000 $181,250 $1,666 5.28%
    48% 8 $1,780,000 $222,500 $2,877 3.91%
    39% 6 $1,350,000 $225,000 $2,463 4.38%
    45% 6 $1,450,000 $241,667 $2,713 4.59%
    47% 5 $1,455,000 $291,000 $3,511 3.78%
    49% 3 $505,000 $168,333 $3,835 3.38%
    46% 1 $225,000 $225,000 $4,634 5.50%

    Vision Bank lent most frequently to those with DTI ratios of 20-30%, with 68 originations. The next most common DTI ratio? 30-36%, with 65 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 321 $61,115,000 $190,389 $3,016 4.71%
    Not applicable 61 $23,035,000 $377,623 $0 5.01%
    American Indian 48 $8,200,000 $170,833 $2,793 4.74%
    Asian 11 $2,125,000 $193,182 $3,087 5.56%
    Not provided 11 $2,015,000 $183,182 $3,573 4.68%
    Black 5 $1,245,000 $249,000 $2,529 4.25%
    Native Hawaiian or Islander 1 $225,000 $225,000 $4,634 5.50%

    Approval Rates

    Total approvals of all applications
    93.56%

    Vision Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.57%

    Vision Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $65,000 $65,000
    NA 457 $97,895,000 $214,212

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    458 $97,960,000 $213,886

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $3,470,000 $115,667 $2,200 4.86%
    40-60% 69 $12,145,000 $176,014 $2,875 4.63%
    60-80% 170 $35,740,000 $210,235 $2,993 4.76%
    80-100% 177 $45,845,000 $259,011 $3,303 4.79%
    Under 20% 12 $760,000 $63,333 $1,372 5.39%