Visions Mortgage Rates, Fees & Info

Endwell, NY

LEI: 549300TDVGWRELEO5F50

Tax ID: 16-0920502

5 stars - Updated: 12/5/24 - out of 5 stars, based on 40 reviews

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

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Mortgage Data

Review & Overview

Visions is a smaller mortgage company specializing in Home Purchase loans. Visions has a high proportion of conventional loans. Their top markets by origination volume include: New York, Binghamton, Syracuse, Reading, and Elmira among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

Visions 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. Visions is typically an average 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
Home Equity Line of Credit (HELOC) 1.93% 12/5/24
30 Year Conventional Purchase 6.36% 12/5/24
30 Year Conventional Refi 6.17% 12/5/24
30 Year Cash-out Refi 6.19% 12/5/24
15 Year Conventional Purchase 5.65% 12/5/24
15 Year Conventional Refi 5.58% 12/5/24
15 Year Cash-out Refi 5.58% 12/5/24
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.

Visions Mortgage Calculator






Your Estimates

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

This is not an official calculator from Visions. 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

1,625

Origination Dollar Volume (All Markets)

$336,565,000

Awards

VISIONS 30 Year Conventional Loans silver VISIONS 30 Year Conventional Loans bronze VISIONS 30 Year Conventional Loans bronze VISIONS 30 Year Conventional Loans bronze
Show all (4) awards

Relative Rate

Visions's average 30 year fixed mortgage rate was 5.07%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -1.41%.

Relative Fees (Closing Costs)

Visions's average total fees/closing costs for a 30 year fixed rate mortgage were $5,060.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 796 $249,190,000 $313,053 $4,045 5.49%
BINGHAMTON, NY (FHA|USDA|VA) 426 $41,760,000 $98,028 $2,050 5.87%
SYRACUSE, NY (FHA|USDA|VA) 53 $9,205,000 $173,679 $2,278 5.13%
Outside of Metro Areas 85 $8,825,000 $103,824 $1,623 6.15%
READING, PA (FHA|USDA|VA) 94 $7,270,000 $77,340 $973 4.99%
ELMIRA, NY (FHA|USDA|VA) 45 $4,225,000 $93,889 $2,237 5.77%
ROCHESTER, NY (FHA|USDA|VA) 19 $2,965,000 $156,053 $855 5.30%
ITHACA, NY (FHA|USDA|VA) 15 $2,635,000 $175,667 $2,302 7.07%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 29 $2,565,000 $88,448 $1,416 4.72%
Corning, NY (FHA|USDA|VA) 15 $1,645,000 $109,667 $3,033 6.63%
Sayre, PA (FHA|USDA|VA) 15 $1,325,000 $88,333 $1,054 5.55%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 6 $1,130,000 $188,333 $2,472 7.25%
Cortland, NY (FHA|USDA|VA) 12 $930,000 $77,500 $3,110 4.15%
Seneca Falls, NY (FHA|USDA|VA) 3 $705,000 $235,000 $628 7.42%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $665,000 $221,667 $0 2.50%
EAST STROUDSBURG, PA (FHA|USDA|VA) 4 $620,000 $155,000 $4,230 5.00%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $435,000 $435,000 $5,517 5.75%
Oneonta, NY (FHA|USDA|VA) 2 $280,000 $140,000 $3,318 6.75%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Pottsville, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.50%
Visions's top markets include New York, Binghamton, Syracuse, Reading, and Elmira among others.

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

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

    CFCU Community Credit Union
    Similarity Rank: 30
    Pittsford Federal Credit Union
    Similarity Rank: 34
    SECNY Federal Credit Union
    Similarity Rank: 36
    Alternatives Federal Credit Union
    Similarity Rank: 49
    Chemung Canal Trust Company
    Similarity Rank: 96
    LEBANON
    Similarity Rank: 117
    N C P D Federal Credit Union
    Similarity Rank: 126

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 895 $249,495,000 $278,765 $3,036 6.60%
    HELOC 730 $87,070,000 $119,274 n/a 4.36%

    For 2023, Visions's most frequently originated type of loan was Conventional, with 895 originations. Their 2nd most popular type was HELOC, with 730 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 616 $62,730,000 $101,834 $713 5.12%
    Home Purchase 476 $202,070,000 $424,517 $4,996 6.31%
    Cash Out Refi 267 $44,045,000 $164,963 $1,407 5.18%
    Other 250 $23,530,000 $94,120 $808 5.80%
    Refi 16 $4,190,000 $261,875 $2,766 6.20%

    For 2023, Visions's most frequently cited loan purpose was Home Improvement, with 616 originations. The 2nd most popular reason was Home Purchase, with 476 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,170 $292,840,000 $250,291 $5,060 5.07%
    15 Year 411 $37,175,000 $90,450 $791 6.94%
    10 Year 18 $990,000 $55,000 $602 7.08%
    20 Year 15 $1,425,000 $95,000 $3,308 6.68%
    5 Year 5 $815,000 $163,000 $638 7.05%
    1 Year 3 $885,000 $295,000 $0 7.50%
    Other 3 $2,435,000 $811,667 $571 6.92%

    For 2023, Visions's most frequently cited loan duration was 30 Year, with 1,170 originations. The 2nd most popular length was 15 Year, with 411 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 841 $237,135,000 $281,968
    $1k-2k 6 $820,000 $136,667
    $2k-3k 2 $320,000 $160,000
    $4k-5k 1 $415,000 $415,000

    Visions's average total fees were $5,060, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 841 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 547 $115,875,000 $211,837
    7-8% 396 $51,230,000 $129,369
    <2.5% 320 $38,360,000 $119,875
    5-6% 225 $115,175,000 $511,889
    Over 8% 131 $15,005,000 $114,542
    4-5% 6 $920,000 $153,333

    During 2023, Visions's average interest rate for loans was 5.07%, while their most frequently originated rate bucket for loans was 6-7%, with 547 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 741 $42,555,000 $57,429 $985 5.62%
    $100k-200k 373 $50,205,000 $134,598 $2,169 5.29%
    $200k-400k 231 $62,055,000 $268,636 $3,956 5.48%
    $400k-600k 138 $67,650,000 $490,217 $5,338 5.84%
    $600k-1MM 126 $94,550,000 $750,397 $6,341 6.17%
    $1MM+ 16 $19,550,000 $1,221,875 $7,321 6.41%

    2023 saw Visions place emphasis on $100,000 or less loans with 741 originations, totaling $42,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 432 $113,790,000 $263,403 $3,567 5.50%
    $100k-150k 396 $56,240,000 $142,020 $2,395 5.53%
    $250k+ 257 $114,115,000 $444,027 $4,818 5.57%
    $50k-75k 192 $14,760,000 $76,875 $1,866 5.99%
    $75k-100k 192 $17,900,000 $93,229 $1,723 5.63%
    $50k or less 107 $7,105,000 $66,402 $2,109 5.21%

    Visions lent most frequently to those with incomes in the $150k-250k range, with 432 originations. The second most popular income band? $100k-150k, with 396 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 304 $63,760,000 $209,737 $3,103 5.84%
    30-36% 249 $53,915,000 $216,526 $3,132 5.67%
    49% 114 $23,760,000 $208,421 $3,059 5.81%
    <20% 93 $13,715,000 $147,473 $2,659 5.42%
    44% 83 $17,775,000 $214,157 $3,007 5.54%
    45% 79 $14,435,000 $182,722 $2,487 5.32%
    46% 74 $13,560,000 $183,243 $2,485 5.87%
    42% 71 $12,875,000 $181,338 $2,896 5.94%
    43% 69 $16,925,000 $245,290 $3,258 5.29%
    47% 65 $11,075,000 $170,385 $2,533 4.43%
    38% 64 $13,750,000 $214,844 $3,096 5.53%
    36% 63 $14,745,000 $234,048 $3,226 4.92%
    41% 59 $11,445,000 $193,983 $2,793 5.15%
    40% 57 $11,395,000 $199,912 $3,503 5.78%
    37% 51 $11,245,000 $220,490 $3,550 5.30%
    48% 46 $8,350,000 $181,522 $2,941 4.91%
    39% 41 $9,545,000 $232,805 $3,425 5.98%
    50-60% 10 $3,060,000 $306,000 $3,671 6.90%
    >60% 1 $195,000 $195,000 $3,230 7.00%

    Visions lent most frequently to those with DTI ratios of 20-30%, with 304 originations. The next most common DTI ratio? 30-36%, with 249 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,197 $203,535,000 $170,038 $2,575 5.49%
    Asian 117 $54,925,000 $469,444 $5,604 5.41%
    Not provided 175 $37,895,000 $216,543 $3,208 6.02%
    Asian Indian 35 $19,625,000 $560,714 $5,690 5.46%
    Not applicable 33 $11,105,000 $336,515 $568 7.23%
    Black 63 $8,995,000 $142,778 $1,992 5.92%
    American Indian 2 $250,000 $125,000 $2,889 3.00%
    Filipino 2 $190,000 $95,000 $598 7.00%
    Other Pacific Islander 1 $45,000 $45,000 $658 7.00%

    Approval Rates

    Total approvals of all applications
    76.13%

    Visions has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    61.17%

    Visions has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,625 $336,565,000 $207,117

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,625 $336,565,000 $207,117

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 490 $58,950,000 $120,306 $854 4.92%
    40-60% 167 $31,305,000 $187,455 $2,479 5.50%
    60-80% 237 $99,965,000 $421,793 $5,041 5.96%
    80-100% 287 $114,905,000 $400,366 $4,994 6.33%
    Under 20% 444 $31,440,000 $70,811 $624 5.69%