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, Cash Out Refi, and Refi loans. Visions has a high proportion of conventional loans. Their top markets by origination volume include: New York, Binghamton, Syracuse, Reading, and Rochester among others. We have data for 24 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

    2,563

    Origination Dollar Volume (All Markets)

    $425,645,000
    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 618 $159,580,000 $258,220 $940 2.98%
    BINGHAMTON, NY (FHA|USDA|VA) 1,130 $146,570,000 $129,708 $815 3.34%
    SYRACUSE, NY (FHA|USDA|VA) 202 $41,180,000 $203,861 $864 3.22%
    Outside of Metro Areas 173 $19,015,000 $109,913 $749 3.48%
    READING, PA (FHA|USDA|VA) 103 $13,125,000 $127,427 $591 3.12%
    ROCHESTER, NY (FHA|USDA|VA) 69 $12,295,000 $178,188 $660 3.36%
    ELMIRA, NY (FHA|USDA|VA) 94 $9,190,000 $97,766 $513 3.27%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 43 $6,105,000 $141,977 $545 3.13%
    ITHACA, NY (FHA|USDA|VA) 23 $4,915,000 $213,696 $915 3.27%
    Sayre, PA (FHA|USDA|VA) 39 $4,425,000 $113,462 $652 3.35%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 12 $2,310,000 $192,500 $187 3.23%
    Oneonta, NY (FHA|USDA|VA) 12 $1,530,000 $127,500 $1,328 3.41%
    Corning, NY (FHA|USDA|VA) 10 $950,000 $95,000 $446 3.89%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5 $755,000 $151,000 $1,652 2.55%
    Cortland, NY (FHA|USDA|VA) 5 $615,000 $123,000 $859 3.50%
    Seneca Falls, NY (FHA|USDA|VA) 4 $550,000 $137,500 $1,243 2.74%
    Auburn, NY (FHA|USDA|VA) 4 $480,000 $120,000 $395 3.09%
    LANCASTER, PA (FHA|USDA|VA) 3 $455,000 $151,667 $81 2.37%
    YORK-HANOVER, PA (FHA|USDA|VA) 3 $435,000 $145,000 $115 2.96%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 3 $395,000 $131,667 $156 2.91%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 4 $370,000 $92,500 $165 3.12%
    Pottsville, PA (FHA|USDA|VA) 2 $200,000 $100,000 $81 3.56%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $145,000 $145,000 $2,400 3.13%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 1.99%
    Visions's top markets include New York, Binghamton, Syracuse, Reading, and Rochester 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.

    FIRST HERITAGE FEDERAL CREDIT UNION
    Similarity Rank: 48
    Alternatives Federal Credit Union
    Similarity Rank: 55
    Pittsford Federal Credit Union
    Similarity Rank: 70
    GHS Federal Credit Union
    Similarity Rank: 112
    First Citizens Community Bank
    Similarity Rank: 124
    The First National Bank of Long Island
    Similarity Rank: 134
    SECNY Federal Credit Union
    Similarity Rank: 165
    RELIANT COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 190
    North Jersey Federal Credit Union
    Similarity Rank: 247
    ESL Federal Credit Union
    Similarity Rank: 276

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,004 $374,410,000 $186,831 $810 3.58%
    HELOC 559 $51,235,000 $91,655 n/a 1.99%

    For 2020, Visions's most frequently originated type of loan was Conventional, with 2,004 originations. Their 2nd most popular type was HELOC, with 559 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 789 $142,415,000 $180,501 $992 3.60%
    Cash Out Refi 729 $139,205,000 $190,953 $771 3.23%
    Refi 403 $93,145,000 $231,129 $820 3.34%
    Home Improvement 385 $27,275,000 $70,844 $107 2.64%
    Other 257 $23,605,000 $91,848 $286 2.87%

    For 2020, Visions's most frequently cited loan purpose was Home Purchase, with 789 originations. The 2nd most popular reason was Cash Out Refi, with 729 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,042 $339,050,000 $166,038 $636 3.09%
    15 Year 418 $67,620,000 $161,770 $1,194 3.85%
    20 Year 76 $17,430,000 $229,342 $2,536 3.33%
    10 Year 22 $1,180,000 $53,636 $0 4.52%
    Other 4 $330,000 $82,500 $0 3.94%
    5 Year 1 $35,000 $35,000 $0 4.75%

    For 2020, Visions's most frequently cited loan duration was 30 Year, with 2,042 originations. The 2nd most popular length was 15 Year, with 418 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,937 $344,675,000 $177,943
    $1k-2k 22 $3,010,000 $136,818
    $2k-3k 8 $1,870,000 $233,750
    $3k-4k 2 $660,000 $330,000
    $4k-5k 1 $405,000 $405,000

    Visions's average total fees were $636, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,937 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,544 $302,450,000 $195,887
    <2.5% 579 $58,745,000 $101,459
    4-5% 232 $15,610,000 $67,284
    2.5-3% 208 $48,840,000 $234,808

    During 2020, Visions's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 3-4%, with 1,544 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 986 $60,530,000 $61,389 $526 3.17%
    $100k-200k 932 $130,670,000 $140,204 $777 3.27%
    $200k-400k 496 $133,780,000 $269,718 $1,014 3.29%
    $400k-600k 97 $45,145,000 $465,412 $1,385 3.23%
    $600k-1MM 40 $29,870,000 $746,750 $1,963 3.17%
    $1MM+ 12 $25,650,000 $2,137,500 $3,168 3.53%

    2020 saw Visions place emphasis on $100,000 or less loans with 986 originations, totaling $60,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 622 $103,650,000 $166,640 $872 3.20%
    $50k-75k 530 $58,740,000 $110,830 $675 3.36%
    $75k-100k 454 $61,810,000 $136,145 $729 3.28%
    $150k-250k 434 $95,980,000 $221,152 $946 3.00%
    $50k or less 308 $23,400,000 $75,974 $555 3.49%
    $250k+ 138 $53,040,000 $384,348 $1,823 2.82%

    Visions lent most frequently to those with incomes in the $100k-150k range, with 622 originations. The second most popular income band? $50k-75k, with 530 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 725 $110,725,000 $152,724 $850 3.25%
    30-36% 473 $77,745,000 $164,366 $769 3.25%
    <20% 328 $49,510,000 $150,945 $947 3.24%
    44% 98 $15,940,000 $162,653 $679 3.09%
    40% 88 $16,200,000 $184,091 $794 3.23%
    38% 88 $13,300,000 $151,136 $857 3.18%
    41% 88 $17,070,000 $193,977 $817 3.12%
    42% 84 $12,580,000 $149,762 $758 3.24%
    43% 83 $16,005,000 $192,831 $599 3.22%
    39% 79 $11,905,000 $150,696 $699 3.25%
    37% 75 $10,635,000 $141,800 $605 3.35%
    36% 70 $10,280,000 $146,857 $942 3.25%
    45% 53 $7,845,000 $148,019 $679 3.30%
    46% 51 $8,605,000 $168,725 $393 3.08%
    47% 47 $6,835,000 $145,426 $560 3.23%
    49% 45 $6,955,000 $154,556 $978 3.19%
    48% 37 $5,795,000 $156,622 $757 2.89%
    50-60% 18 $3,090,000 $171,667 $1,646 3.22%
    >60% 12 $2,060,000 $171,667 $868 3.50%

    Visions lent most frequently to those with DTI ratios of 20-30%, with 725 originations. The next most common DTI ratio? 30-36%, with 473 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,237 $336,355,000 $150,360 $780 3.22%
    Not provided 171 $35,725,000 $208,918 $888 3.39%
    Not applicable 26 $23,170,000 $891,154 $0 3.91%
    Asian 73 $21,225,000 $290,753 $1,564 3.13%
    Black 47 $7,995,000 $170,106 $627 3.39%
    Other Asian 1 $505,000 $505,000 $0 1.99%
    American Indian 5 $435,000 $87,000 $0 2.99%
    Asian Indian 1 $135,000 $135,000 $0 1.99%
    Native Hawaiian or Islander 1 $75,000 $75,000 $481 3.75%
    Chinese 1 $25,000 $25,000 $0 1.99%

    Approval Rates

    Total approvals of all applications
    87.49%

    Visions has an average approval rate.

    Pick Rate

    Approvals leading to origination
    65.70%

    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 2,563 $425,645,000 $166,073

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $945,000 $945,000
    Multifamily:Site-Built 10 $19,130,000 $1,913,000
    Single Family (1-4 Units):Manufactured 2 $120,000 $60,000
    Single Family (1-4 Units):Site-Built 2,550 $405,450,000 $159,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 385 $33,375,000 $86,688 $538 2.76%
    40-60% 340 $49,900,000 $146,765 $898 3.13%
    60-80% 778 $184,000,000 $236,504 $882 3.37%
    80-100% 806 $145,220,000 $180,174 $839 3.54%
    Under 20% 254 $13,150,000 $51,772 $45 2.73%