The Victory Bank Mortgage Rates, Fees & Info

Limerick, PA

LEI: 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

105

Origination Dollar Volume (All Markets)

$50,205,000

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
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%
The Victory Bank's top markets include Philadelphia, Atlantic City, Reading, Ocean City, and Allentown among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 39 $10,715,000 $274,744 $0 0.00%
    $100k-200k 24 $3,650,000 $152,083 $0 0.00%
    $600k-1MM 17 $12,565,000 $739,118 $0 0.00%
    $1MM+ 13 $19,655,000 $1,511,923 $0 0.00%
    $400k-600k 7 $3,225,000 $460,714 $0 0.00%
    $100,000 or less 5 $395,000 $79,000 $0 0.00%

    2022 saw The Victory Bank place emphasis on $200k-400k loans with 39 originations, totaling $10,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 9 $4,995,000 $555,000 $0 0.00%
    $100k-150k 8 $2,050,000 $256,250 $0 0.00%
    $150k-250k 6 $2,220,000 $370,000 $0 0.00%
    $50k or less 4 $1,130,000 $282,500 $0 0.00%
    $50k-75k 3 $625,000 $208,333 $0 0.00%
    $75k-100k 2 $540,000 $270,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 73 $38,645,000 $529,384 $0 0.00%
    White 28 $10,160,000 $362,857 $0 0.00%
    Asian 3 $1,335,000 $445,000 $0 0.00%
    Other Pacific Islander 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.21%

    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 origination
    80.00%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    105 $50,205,000 $478,143