Victorian Finance Mortgage Rates, Fees & Info

Pittsburgh, PA

LEI: 549300Y7G2MW6V1OR474

Tax ID: 26-0084919

5 stars - Updated: 6/9/24 - out of 5 stars, based on 33 reviews

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

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Mortgage Data

Review & Overview

Victorian Finance is a smaller mortgage company specializing in Home Purchase loans. Victorian Finance has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Pittsburgh, Charleston, Huntsville, Huntington, and Dallas among others. We have data for 94 markets. (Some data included below & more in-depth data is available with an active subscription.)

Victorian Finance 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. Victorian Finance is typically a high 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 relatively high 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
30 Year Conventional Purchase 6.79% 6/9/24
30 Year Conventional Refi 6.62% 6/9/24
30 Year Cash-out Refi 6.90% 6/9/24
30 Year FHA Purchase 7.55% 6/9/24
30 Year FHA Refi 7.31% 6/9/24
30 Year VA Purchase 6.51% 6/9/24
30 Year VA Refi 6.18% 6/9/24
30 Year USDA Purchase 6.93% 6/9/24
30 Year USDA Refi 6.27% 6/9/24
15 Year Conventional Purchase 6.24% 6/9/24
15 Year Conventional Refi 5.91% 6/9/24
15 Year Cash-out Refi 5.91% 6/9/24
15 Year FHA Purchase 7.42% 6/9/24
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.

Victorian Finance Mortgage Calculator






Your Estimates

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

This is not an official calculator from Victorian Finance. 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

1,096

Origination Dollar Volume (All Markets)

$238,900,000

Awards

Victorian Finance FHA Loans bronze Victorian Finance FHA Loans bronze Victorian Finance 30 Year Conventional Loans bronze Victorian Finance USDA Loans silver
Show all (4) awards

Relative Rate

Victorian Finance's average 30 year fixed mortgage rate was 6.62%.

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

This yields a difference of 0.14%.

Relative Fees (Closing Costs)

Victorian Finance's average total fees/closing costs for a 30 year fixed rate mortgage were $8,449.

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
PITTSBURGH, PA (FHA|USDA|VA) 462 $101,790,000 $220,325 $9,614 6.52%
CHARLESTON, WV (FHA|USDA|VA) 141 $22,605,000 $160,319 $5,048 6.54%
HUNTSVILLE, AL (FHA|USDA|VA) 64 $18,860,000 $294,688 $12,096 6.68%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 58 $9,410,000 $162,241 $5,359 6.70%
Outside of Metro Areas 34 $5,930,000 $174,412 $6,288 6.72%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 16 $5,270,000 $329,375 $10,955 6.95%
Albertville, AL (FHA|USDA|VA) 26 $5,140,000 $197,692 $8,452 6.52%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 16 $5,060,000 $316,250 $8,358 7.08%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 18 $5,030,000 $279,444 $9,581 6.78%
Fort Payne, AL (FHA|USDA|VA) 23 $4,505,000 $195,870 $7,612 6.78%
ROANOKE, VA (FHA|USDA|VA) 16 $3,220,000 $201,250 $6,019 6.88%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 13 $3,025,000 $232,692 $7,996 6.59%
DECATUR, AL (FHA|USDA|VA) 11 $2,725,000 $247,727 $8,888 6.95%
BURLINGTON, NC (FHA|USDA|VA) 11 $2,575,000 $234,091 $8,015 7.06%
Point Pleasant, WV-OH (FHA|USDA|VA) 17 $2,495,000 $146,765 $5,643 6.72%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 13 $2,475,000 $190,385 $8,264 6.78%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $1,850,000 $308,333 $14,126 6.23%
RALEIGH-CARY, NC (FHA|USDA|VA) 7 $1,595,000 $227,857 $6,610 6.52%
BECKLEY, WV (FHA|USDA|VA) 9 $1,575,000 $175,000 $7,184 6.72%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $1,305,000 $435,000 $14,458 8.00%
LAFAYETTE, LA (FHA|USDA|VA) 8 $1,190,000 $148,750 $4,929 6.44%
WINSTON-SALEM, NC (FHA|USDA|VA) 5 $1,105,000 $221,000 $10,303 6.72%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $1,070,000 $535,000 $18,127 7.00%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $1,060,000 $530,000 $5,620 6.68%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $1,015,000 $338,333 $11,276 7.21%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 5 $955,000 $191,000 $5,420 6.58%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $950,000 $475,000 $12,765 6.88%
MORGANTOWN, WV (FHA|USDA|VA) 5 $925,000 $185,000 $6,832 6.80%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $910,000 $455,000 $10,436 6.81%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $840,000 $420,000 $10,947 5.63%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $840,000 $420,000 $8,933 5.88%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $840,000 $420,000 $11,304 6.50%
Cullman, AL (FHA|USDA|VA) 4 $780,000 $195,000 $7,957 6.69%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $750,000 $375,000 $9,219 7.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $740,000 $370,000 $17,996 6.38%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $720,000 $360,000 $13,242 5.81%
COLUMBUS, OH (FHA|USDA|VA) 3 $665,000 $221,667 $7,371 6.54%
MIDLAND, TX (FHA|USDA|VA) 2 $650,000 $325,000 $11,485 7.81%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $645,000 $645,000 $15,622 6.50%
Scottsboro, AL (FHA|USDA|VA) 4 $530,000 $132,500 $5,728 7.06%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 4 $520,000 $130,000 $4,825 6.47%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $520,000 $260,000 $9,263 6.69%
Easton, MD (FHA|USDA|VA) 1 $515,000 $515,000 $22,750 6.13%
Mount Gay-Shamrock, WV (FHA|USDA|VA) 5 $505,000 $101,000 $5,284 6.75%
Opelousas, LA (FHA|USDA|VA) 3 $505,000 $168,333 $8,290 6.83%
Henderson, NC (FHA|USDA|VA) 2 $500,000 $250,000 $8,224 6.38%
Vernal, UT (FHA|USDA|VA) 1 $475,000 $475,000 $17,134 5.75%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $475,000 $475,000 $13,766 6.63%
LOUISVILLE, KY (FHA|USDA|VA) 2 $460,000 $230,000 $8,015 6.93%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $405,000 $405,000 $12,237 7.63%
New Castle, PA (FHA|USDA|VA) 3 $405,000 $135,000 $8,127 6.71%
Salem, OH (FHA|USDA|VA) 2 $390,000 $195,000 $4,943 6.25%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $375,000 $375,000 $15,512 6.25%
Clarksburg, WV (FHA|USDA|VA) 2 $360,000 $180,000 $6,637 5.79%
OCALA, FL (FHA|USDA|VA) 1 $355,000 $355,000 $13,857 6.50%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $335,000 $335,000 $5,805 6.63%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $330,000 $165,000 $6,787 5.93%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $325,000 $325,000 $14,007 6.25%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $315,000 $315,000 $8,499 7.50%
Meadville, PA (FHA|USDA|VA) 1 $315,000 $315,000 $18,451 5.63%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $305,000 $305,000 $9,213 6.63%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $13,104 6.49%
YUMA, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $7,537 7.13%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $285,000 $285,000 $10,110 6.88%
MOBILE, AL (FHA|USDA|VA) 1 $285,000 $285,000 $7,643 7.63%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $275,000 $275,000 $6,252 6.00%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $275,000 $275,000 $11,948 7.13%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 8.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $265,000 $265,000 $12,183 7.25%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $265,000 $265,000 $8,278 6.99%
Durant, OK (FHA|USDA|VA) 1 $245,000 $245,000 $12,469 7.13%
HAMMOND, LA (FHA|USDA|VA) 1 $245,000 $245,000 $5,692 6.99%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $225,000 $225,000 $6,562 6.50%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $215,000 $215,000 $4,134 7.38%
Somerset, PA (FHA|USDA|VA) 1 $215,000 $215,000 $11,948 6.00%
ERIE, PA (FHA|USDA|VA) 1 $215,000 $215,000 $7,777 6.38%
TWIN FALLS, ID (FHA|USDA|VA) 1 $215,000 $215,000 $11,143 5.75%
Bluefield, WV-VA (FHA|USDA|VA) 2 $200,000 $100,000 $4,469 6.50%
Campbellsville, KY (FHA|USDA|VA) 1 $195,000 $195,000 $3,877 6.38%
Shelby, NC (FHA|USDA|VA) 1 $185,000 $185,000 $6,444 6.88%
SAGINAW, MI (FHA|USDA|VA) 1 $175,000 $175,000 $4,064 5.75%
Wilson, NC (FHA|USDA|VA) 1 $175,000 $175,000 $7,628 6.88%
Portsmouth, OH (FHA|USDA|VA) 1 $165,000 $165,000 $7,308 7.75%
GOLDSBORO, NC (FHA|USDA|VA) 1 $165,000 $165,000 $6,683 6.50%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $145,000 $145,000 $7,496 6.88%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $145,000 $145,000 $8,382 5.99%
TUCSON, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $2,490 5.75%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $135,000 $135,000 $7,864 7.25%
GADSDEN, AL (FHA|USDA|VA) 1 $135,000 $135,000 $6,760 7.25%
Jennings, LA (FHA|USDA|VA) 1 $125,000 $125,000 $5,437 6.25%
St. Marys, PA (FHA|USDA|VA) 1 $125,000 $125,000 $5,673 7.13%
Marietta, OH (FHA|USDA|VA) 1 $115,000 $115,000 $5,007 6.25%
Jackson, OH (FHA|USDA|VA) 1 $105,000 $105,000 $3,891 6.50%
Laurinburg, NC (FHA|USDA|VA) 1 $75,000 $75,000 $4,799 6.38%
Victorian Finance's top markets include Pittsburgh, Charleston, Huntsville, Huntington, and Dallas among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

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

    Huntington Federal Savings Bank
    Similarity Rank: 15
    TRI BORO
    Similarity Rank: 24
    DESCO
    Similarity Rank: 108
    SCIENT Federal Credit Union
    Similarity Rank: 110
    Cashmere Valley Bank
    Similarity Rank: 140
    The Ohio Valley Bank Company
    Similarity Rank: 150
    The Middlefield Banking Company
    Similarity Rank: 200

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 638 $144,950,000 $227,194 $7,656 6.63%
    FHA 358 $71,060,000 $198,492 $9,626 6.63%
    VA 51 $15,395,000 $301,863 $9,990 6.53%
    USDA 48 $7,480,000 $155,833 $7,616 6.36%
    Reverse Mortgage 1 $15,000 $15,000 $0 8.10%

    For 2023, Victorian Finance's most frequently originated type of loan was Conventional, with 638 originations. Their 2nd most popular type was FHA, with 358 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,049 $230,515,000 $219,747 $8,452 6.60%
    Cash Out Refi 35 $6,125,000 $175,000 $7,919 7.02%
    Refi 11 $2,245,000 $204,091 $7,540 6.82%
    Home Improvement 1 $15,000 $15,000 $0 8.10%

    For 2023, Victorian Finance's most frequently cited loan purpose was Home Purchase, with 1,049 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,081 $235,995,000 $218,312 $8,449 6.62%
    15 Year 11 $2,485,000 $225,909 $6,854 5.95%
    20 Year 2 $240,000 $120,000 $6,187 6.81%
    10 Year 1 $165,000 $165,000 $10,288 5.38%
    Other 1 $15,000 $15,000 $0 8.10%

    For 2023, Victorian Finance's most frequently cited loan duration was 30 Year, with 1,081 originations. The 2nd most popular length was 15 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 302 $91,120,000 $301,722
    $1k-2k 228 $39,440,000 $172,982
    $2k-3k 166 $28,700,000 $172,892
    $3k-4k 150 $29,730,000 $198,200
    $4k-5k 123 $27,465,000 $223,293
    $<1k 95 $17,865,000 $188,053

    Victorian Finance's average total fees were $8,449, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 302 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 545 $119,015,000 $218,376
    7-8% 277 $60,495,000 $218,394
    5-6% 247 $53,175,000 $215,283
    Over 8% 18 $4,090,000 $227,222
    4-5% 9 $2,125,000 $236,111

    During 2023, Victorian Finance's average interest rate for loans was 6.62%, while their most frequently originated rate bucket for loans was 6-7%, with 545 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 459 $69,905,000 $152,298 $6,491 6.56%
    $200k-400k 417 $111,695,000 $267,854 $10,049 6.71%
    $100,000 or less 127 $9,585,000 $75,472 $4,533 6.57%
    $400k-600k 74 $34,910,000 $471,757 $15,048 6.51%
    $600k-1MM 19 $12,805,000 $673,947 $17,618 6.56%

    2023 saw Victorian Finance place emphasis on $100k-200k loans with 459 originations, totaling $69,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 323 $56,545,000 $175,062 $7,369 6.56%
    $75k-100k 226 $49,540,000 $219,204 $8,793 6.69%
    $50k or less 216 $28,110,000 $130,139 $5,796 6.49%
    $100k-150k 192 $50,680,000 $263,958 $9,766 6.71%
    $150k-250k 100 $37,820,000 $378,200 $12,235 6.71%
    $250k+ 39 $16,205,000 $415,513 $13,556 6.61%

    Victorian Finance lent most frequently to those with incomes in the $50k-75k range, with 323 originations. The second most popular income band? $75k-100k, with 226 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 165 $34,665,000 $210,091 $7,775 6.60%
    20-30% 158 $30,190,000 $191,076 $7,218 6.50%
    50-60% 118 $27,340,000 $231,695 $10,569 6.60%
    40% 53 $12,755,000 $240,660 $9,285 6.69%
    39% 51 $9,675,000 $189,706 $8,241 6.55%
    43% 50 $12,720,000 $254,400 $9,523 6.58%
    <20% 49 $8,925,000 $182,143 $6,102 6.46%
    48% 49 $11,885,000 $242,551 $8,075 6.60%
    49% 46 $10,190,000 $221,522 $8,472 6.65%
    44% 45 $11,145,000 $247,667 $10,453 6.61%
    42% 42 $9,500,000 $226,190 $8,798 6.49%
    45% 42 $9,400,000 $223,810 $8,472 6.81%
    47% 41 $10,495,000 $255,976 $9,323 6.61%
    36% 38 $7,880,000 $207,368 $8,571 6.73%
    38% 37 $7,765,000 $209,865 $7,940 6.68%
    46% 37 $7,565,000 $204,459 $7,303 6.55%
    37% 35 $8,465,000 $241,857 $8,088 6.59%
    41% 31 $6,575,000 $212,097 $8,346 6.75%
    >60% 2 $280,000 $140,000 $5,682 8.00%

    Victorian Finance lent most frequently to those with DTI ratios of 30-36%, with 165 originations. The next most common DTI ratio? 20-30%, with 158 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 859 $181,145,000 $210,879 $8,126 6.61%
    Not provided 100 $26,230,000 $262,300 $9,488 6.66%
    Black 84 $18,200,000 $216,667 $9,885 6.56%
    Asian 35 $8,745,000 $249,857 $8,771 6.66%
    American Indian 8 $1,850,000 $231,250 $9,879 6.95%
    Other Asian 4 $1,220,000 $305,000 $7,534 6.78%
    Asian Indian 3 $835,000 $278,333 $20,669 6.62%
    Chinese 1 $455,000 $455,000 $6,900 8.25%
    Native Hawaiian or Islander 1 $155,000 $155,000 $9,211 5.50%
    Other Pacific Islander 1 $65,000 $65,000 $4,727 7.13%

    Approval Rates

    Total approvals of all applications
    97.48%

    Victorian Finance 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
    65.97%

    Victorian Finance 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 1,096 $238,900,000 $217,974

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,096 $238,900,000 $217,974

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $1,315,000 $101,154 $5,144 6.38%
    40-60% 42 $8,360,000 $199,048 $7,290 6.52%
    60-80% 203 $48,425,000 $238,547 $8,921 6.67%
    80-100% 819 $175,585,000 $214,389 $8,304 6.61%
    Over 100% 16 $5,000,000 $312,500 $14,530 6.23%
    Under 20% 3 $215,000 $71,667 $7,740 6.83%