Visions Mortgage Rates, Fees & Info

Endwell, NY

LEI: 549300TDVGWRELEO5F50

Tax ID: 16-0920502

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

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  • 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

    Visions is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Visions has a high proportion of conventional loans. Their top markets by origination volume include: Binghamton, New York, Syracuse, Rochester, and Elmira among others. We have data for 25 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 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
    Home Equity Line of Credit (HELOC) 1.93% 12/16/24
    30 Year Conventional Purchase 6.36% 12/16/24
    30 Year Conventional Refi 6.17% 12/16/24
    30 Year Cash-out Refi 6.19% 12/16/24
    15 Year Conventional Purchase 5.65% 12/16/24
    15 Year Conventional Refi 5.58% 12/16/24
    15 Year Cash-out Refi 5.58% 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.

    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

    1,923

    Origination Dollar Volume (All Markets)

    $257,405,000
    Show all (12) 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
    BINGHAMTON, NY (FHA|USDA|VA) 897 $102,115,000 $113,841 $581 4.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 417 $78,765,000 $188,885 $626 3.50%
    SYRACUSE, NY (FHA|USDA|VA) 147 $22,235,000 $151,259 $643 3.99%
    Outside of Metro Areas 113 $12,195,000 $107,920 $602 4.29%
    ROCHESTER, NY (FHA|USDA|VA) 55 $9,905,000 $180,091 $1,053 4.02%
    ELMIRA, NY (FHA|USDA|VA) 75 $7,045,000 $93,933 $338 4.24%
    READING, PA (FHA|USDA|VA) 79 $6,505,000 $82,342 $215 3.80%
    ITHACA, NY (FHA|USDA|VA) 26 $5,700,000 $219,231 $1,139 4.15%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 31 $3,415,000 $110,161 $390 3.73%
    Sayre, PA (FHA|USDA|VA) 28 $3,030,000 $108,214 $719 4.19%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 11 $1,535,000 $139,545 $507 3.77%
    Corning, NY (FHA|USDA|VA) 10 $1,160,000 $116,000 $614 3.97%
    Seneca Falls, NY (FHA|USDA|VA) 6 $830,000 $138,333 $1,026 4.02%
    Oneonta, NY (FHA|USDA|VA) 7 $695,000 $99,286 $715 4.39%
    Cortland, NY (FHA|USDA|VA) 6 $680,000 $113,333 $501 4.58%
    LANCASTER, PA (FHA|USDA|VA) 2 $500,000 $250,000 $0 3.62%
    Pottsville, PA (FHA|USDA|VA) 4 $200,000 $50,000 $166 3.31%
    Auburn, NY (FHA|USDA|VA) 2 $180,000 $90,000 $523 4.56%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $165,000 $165,000 $331 4.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $155,000 $155,000 $236 4.00%
    LEBANON, PA (FHA|USDA|VA) 1 $135,000 $135,000 $2,954 3.50%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $125,000 $125,000 $2,430 4.50%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $65,000 $65,000 $875 4.25%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $35,000 $35,000 $2,406 3.75%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.25%
    Visions's top markets include Binghamton, New York, Syracuse, Rochester, and Elmira among others.

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

    SECNY Federal Credit Union
    Similarity Rank: 32
    Alternatives Federal Credit Union
    Similarity Rank: 35
    Pittsford Federal Credit Union
    Similarity Rank: 36
    UTILITIES EMPLOYEES CREDIT UNION
    Similarity Rank: 42
    N C P D Federal Credit Union
    Similarity Rank: 56
    FIRST HERITAGE FEDERAL CREDIT UNION
    Similarity Rank: 63
    Schuyler Savings Bank
    Similarity Rank: 104
    Geddes Federal Savings and Loan Association
    Similarity Rank: 108
    ESL Federal Credit Union
    Similarity Rank: 125
    Chemung Canal Trust Company
    Similarity Rank: 138

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,422 $213,130,000 $149,880 $601 4.39%
    HELOC 501 $44,275,000 $88,373 n/a 2.55%

    For 2019, Visions's most frequently originated type of loan was Conventional, with 1,422 originations. Their 2nd most popular type was HELOC, with 501 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 635 $105,405,000 $165,992 $982 4.22%
    Cash Out Refi 480 $70,480,000 $146,833 $356 3.89%
    Other 314 $21,940,000 $69,873 $0 3.62%
    Home Improvement 303 $19,075,000 $62,954 $44 3.44%
    Refi 191 $40,505,000 $212,068 $497 4.17%

    For 2019, Visions's most frequently cited loan purpose was Home Purchase, with 635 originations. The 2nd most popular reason was Cash Out Refi, with 480 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,417 $199,565,000 $140,836 $607 3.60%
    15 Year 420 $45,860,000 $109,190 $472 4.82%
    20 Year 42 $7,190,000 $171,190 $2,261 4.07%
    10 Year 37 $3,395,000 $91,757 $1 5.07%
    5 Year 3 $125,000 $41,667 $0 5.08%
    Other 3 $1,215,000 $405,000 $100 5.23%
    3 Year 1 $55,000 $55,000 $0 5.25%

    For 2019, Visions's most frequently cited loan duration was 30 Year, with 1,417 originations. The 2nd most popular length was 15 Year, with 420 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,380 $196,180,000 $142,159
    $1k-2k 5 $725,000 $145,000
    $2k-3k 1 $205,000 $205,000
    $3k-4k 1 $375,000 $375,000

    Visions's average total fees were $607, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,380 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 593 $104,265,000 $175,826
    4-5% 569 $75,955,000 $133,489
    <2.5% 271 $24,965,000 $92,122
    5-6% 247 $27,135,000 $109,858
    2.5-3% 243 $25,085,000 $103,230

    During 2019, Visions's average interest rate for loans was 3.60%, while their most frequently originated rate bucket for loans was 3-4%, with 593 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 956 $56,680,000 $59,289 $327 3.89%
    $100k-200k 650 $89,950,000 $138,385 $678 3.93%
    $200k-400k 250 $68,550,000 $274,200 $993 3.90%
    $400k-600k 52 $24,070,000 $462,885 $1,234 3.80%
    $600k-1MM 8 $5,500,000 $687,500 $887 4.17%
    $1MM+ 7 $12,655,000 $1,807,857 $6,891 4.99%

    2019 saw Visions place emphasis on $100,000 or less loans with 956 originations, totaling $56,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 487 $71,255,000 $146,314 $661 3.84%
    $50k-75k 393 $36,075,000 $91,794 $534 4.02%
    $75k-100k 364 $41,230,000 $113,269 $601 3.93%
    $150k-250k 302 $52,840,000 $174,967 $659 3.62%
    $50k or less 250 $17,320,000 $69,280 $470 4.24%
    $250k+ 82 $21,860,000 $266,585 $1,111 3.59%

    Visions lent most frequently to those with incomes in the $100k-150k range, with 487 originations. The second most popular income band? $50k-75k, with 393 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 459 $56,785,000 $123,715 $638 3.95%
    30-36% 387 $51,705,000 $133,605 $648 3.89%
    <20% 193 $23,265,000 $120,544 $558 4.05%
    38% 78 $10,540,000 $135,128 $803 3.89%
    41% 72 $8,330,000 $115,694 $675 3.76%
    42% 70 $9,350,000 $133,571 $323 3.84%
    37% 70 $9,690,000 $138,429 $616 3.89%
    40% 69 $8,325,000 $120,652 $540 3.71%
    36% 69 $9,915,000 $143,696 $572 3.93%
    43% 67 $7,895,000 $117,836 $809 3.82%
    39% 66 $8,730,000 $132,273 $601 3.62%
    46% 58 $7,130,000 $122,931 $460 3.72%
    44% 57 $8,475,000 $148,684 $562 3.98%
    45% 54 $5,360,000 $99,259 $375 3.84%
    47% 45 $5,875,000 $130,556 $525 3.86%
    48% 37 $4,845,000 $130,946 $268 4.06%
    49% 35 $5,385,000 $153,857 $593 4.18%
    50-60% 16 $1,050,000 $65,625 $415 3.79%
    >60% 7 $755,000 $107,857 $522 4.18%

    Visions lent most frequently to those with DTI ratios of 20-30%, with 459 originations. The next most common DTI ratio? 30-36%, with 387 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,701 $208,475,000 $122,560 $588 3.90%
    Not provided 95 $17,065,000 $179,632 $612 3.92%
    Not applicable 14 $14,030,000 $1,002,143 $0 5.46%
    Asian 62 $10,240,000 $165,161 $808 3.81%
    Black 41 $6,295,000 $153,537 $851 3.85%
    Native Hawaiian or Islander 4 $620,000 $155,000 $602 3.81%
    American Indian 2 $240,000 $120,000 $241 3.69%
    Chinese 1 $145,000 $145,000 $0 2.99%
    Asian Indian 1 $135,000 $135,000 $0 2.99%
    Korean 1 $125,000 $125,000 $0 2.99%
    Other Asian 1 $35,000 $35,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    82.12%

    Visions has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    68.23%

    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 1,923 $257,405,000 $133,856

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $5,915,000 $1,971,667
    Multifamily:Site-Built 9 $8,105,000 $900,556
    Single Family (1-4 Units):Manufactured 6 $310,000 $51,667
    Single Family (1-4 Units):Site-Built 1,905 $243,075,000 $127,598

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 422 $33,880,000 $80,284 $153 3.60%
    40-60% 233 $28,165,000 $120,880 $674 3.81%
    60-80% 437 $81,995,000 $187,632 $670 4.07%
    80-100% 574 $100,630,000 $175,314 $801 4.19%
    Under 20% 257 $12,735,000 $49,553 $0 3.61%