The Victory Bank Mortgage Rates, Fees & Info
Limerick, PALEI: 549300SUW02WEKP4OP52
Tax ID: 20-4916548
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Victory Bank is a smaller bank specializing in Home Purchase and Refi loans. The Victory Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Atlantic City, Reading, Ocean City, and Allentown among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)The Victory 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.
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Originations
105Origination Dollar Volume (All Markets)
$50,205,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 75 | $33,745,000 | $449,933 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 3 | $6,775,000 | $2,258,333 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 21 | $6,535,000 | $311,190 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $2,080,000 | $1,040,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 105 | $50,205,000 | $478,143 | $0 | 0.00% |
For 2022, The Victory Bank's most frequently originated type of loan was Conventional, with 105 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 65 | $33,235,000 | $511,308 | $0 | 0.00% |
| Refi | 32 | $14,620,000 | $456,875 | $0 | 0.00% |
| Home Improvement | 8 | $2,350,000 | $293,750 | $0 | 0.00% |
For 2022, The Victory Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 105 | $50,205,000 | $478,143 | $0 | 0.00% |
For 2022, The Victory Bank's most frequently cited loan duration was Other, with 105 originations.
Loan Sizing
2022 saw The Victory Bank place emphasis on $200k-400k loans with 39 originations, totaling $10,715,000 in origination value.
Applicant Income
The Victory Bank lent most frequently to those with incomes in the $250k+ range, with 9 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 105 | $50,205,000 | $478,143 | $0 | 0.00% |
The Victory Bank lent most frequently to those with DTI ratios of Exempt%, with 105 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.21%
The Victory Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.00%
The Victory Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 105 | $50,205,000 | $478,143 |