Victorian Finance Mortgage Rates, Fees & Info

Pittsburgh, PA

LEI: 549300Y7G2MW6V1OR474

Tax ID: 26-0084919

5 stars - out of 5 stars, based on 62 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Victorian Finance is a smaller mortgage company specializing in Home Purchase and Refi 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, Seattle, Charleston, Durham, and Houston among others. We have data for 157 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 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
    30 Year Conventional Purchase 6.87% 12/4/22
    30 Year Conventional Refi 6.71% 12/4/22
    30 Year Cash-out Refi 6.95% 12/4/22
    30 Year FHA Purchase 7.68% 12/4/22
    30 Year FHA Refi 7.50% 12/4/22
    30 Year VA Purchase 6.62% 12/4/22
    30 Year VA Refi 6.35% 12/4/22
    30 Year USDA Purchase 6.99% 12/4/22
    30 Year USDA Refi 6.99% 12/4/22
    15 Year Conventional Purchase 6.10% 12/4/22
    15 Year Conventional Refi 6.01% 12/4/22
    15 Year Cash-out Refi 6.01% 12/4/22
    15 Year FHA Purchase 7.20% 12/4/22
    15 Year VA Purchase 6.59% 12/4/22
    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.


    Originations

    3,835

    Origination Dollar Volume (All Markets)

    $921,065,000
    Show all (17) awards

    Relative Rate

    Victorian Finance's average 30 year fixed mortgage rate was 2.99%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.16%.

    Relative Fees (Closing Costs)

    Victorian Finance's average total fees/closing costs for a 30 year fixed rate mortgage were $5,251.

    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 $4,750.

    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) 1,542 $319,610,000 $207,270 $5,575 2.95%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 269 $122,865,000 $456,747 $6,190 2.84%
    CHARLESTON, WV (FHA|USDA|VA) 337 $60,605,000 $179,837 $3,805 2.83%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 215 $58,425,000 $271,744 $3,580 2.85%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 132 $40,760,000 $308,788 $5,619 2.93%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 89 $26,455,000 $297,247 $5,443 3.06%
    RALEIGH-CARY, NC (FHA|USDA|VA) 69 $18,835,000 $272,971 $3,339 2.86%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 108 $18,800,000 $174,074 $4,369 2.92%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 64 $18,490,000 $288,906 $4,156 2.97%
    Outside of Metro Areas 93 $16,445,000 $176,828 $4,433 2.92%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 52 $16,040,000 $308,462 $3,288 2.93%
    Oak Harbor, WA (FHA|USDA|VA) 41 $15,265,000 $372,317 $5,242 2.84%
    BURLINGTON, NC (FHA|USDA|VA) 72 $13,180,000 $183,056 $4,299 2.95%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 43 $10,705,000 $248,953 $3,950 2.87%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 39 $9,325,000 $239,103 $6,035 3.18%
    Point Pleasant, WV-OH (FHA|USDA|VA) 54 $6,880,000 $127,407 $4,706 2.94%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 19 $6,385,000 $336,053 $6,357 3.13%
    WENATCHEE, WA (FHA|USDA|VA) 18 $5,980,000 $332,222 $5,066 3.15%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 14 $5,980,000 $427,143 $6,381 3.17%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 15 $5,585,000 $372,333 $7,504 3.08%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 29 $5,565,000 $191,897 $4,469 2.91%
    Mount Gay-Shamrock, WV (FHA|USDA|VA) 39 $4,745,000 $121,667 $4,728 3.01%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 17 $4,595,000 $270,294 $5,376 3.04%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 27 $4,455,000 $165,000 $4,933 3.02%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 13 $3,525,000 $271,154 $5,578 3.02%
    Ellensburg, WA (FHA|USDA|VA) 9 $3,465,000 $385,000 $3,437 2.72%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 9 $3,395,000 $377,222 $7,353 2.83%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 19 $3,235,000 $170,263 $5,184 3.09%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 18 $3,140,000 $174,444 $4,923 2.93%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 7 $2,855,000 $407,857 $6,919 3.13%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 20 $2,840,000 $142,000 $5,027 3.24%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 9 $2,675,000 $297,222 $8,726 3.03%
    BELLINGHAM, WA (FHA|USDA|VA) 7 $2,625,000 $375,000 $3,749 3.07%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $2,450,000 $408,333 $3,860 2.83%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 8 $2,360,000 $295,000 $3,770 2.97%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 8 $2,130,000 $266,250 $4,584 3.17%
    WINSTON-SALEM, NC (FHA|USDA|VA) 10 $1,900,000 $190,000 $4,365 3.06%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $1,855,000 $265,000 $5,415 2.95%
    BECKLEY, WV (FHA|USDA|VA) 10 $1,810,000 $181,000 $3,581 2.79%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 7 $1,695,000 $242,143 $4,652 3.16%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $1,670,000 $278,333 $5,587 2.90%
    Somerset, PA (FHA|USDA|VA) 11 $1,645,000 $149,545 $5,276 2.97%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,625,000 $325,000 $4,717 2.90%
    LOGAN, UT-ID (FHA|USDA|VA) 5 $1,545,000 $309,000 $4,748 2.93%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 6 $1,540,000 $256,667 $7,589 3.33%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 7 $1,535,000 $219,286 $4,000 2.96%
    Salem, OH (FHA|USDA|VA) 9 $1,455,000 $161,667 $3,498 3.22%
    New Castle, PA (FHA|USDA|VA) 9 $1,435,000 $159,444 $6,171 3.06%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $1,405,000 $281,000 $5,816 2.88%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 4 $1,400,000 $350,000 $12,784 2.47%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 6 $1,390,000 $231,667 $6,129 3.23%
    YAKIMA, WA (FHA|USDA|VA) 5 $1,305,000 $261,000 $3,801 2.90%
    TUCSON, AZ (FHA|USDA|VA) 5 $1,235,000 $247,000 $3,353 3.13%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $1,205,000 $401,667 $6,426 3.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $1,160,000 $290,000 $6,223 2.88%
    FAYETTEVILLE, NC (FHA|USDA|VA) 5 $1,025,000 $205,000 $6,575 3.18%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $1,025,000 $341,667 $5,331 2.92%
    WHEELING, WV-OH (FHA|USDA|VA) 5 $975,000 $195,000 $5,134 3.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $965,000 $321,667 $4,661 2.71%
    FLAGSTAFF, AZ (FHA|USDA|VA) 4 $940,000 $235,000 $3,613 3.66%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $925,000 $308,333 $1,714 3.17%
    ROCKY MOUNT, NC (FHA|USDA|VA) 4 $920,000 $230,000 $8,099 3.06%
    MORGANTOWN, WV (FHA|USDA|VA) 4 $920,000 $230,000 $4,021 2.97%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 4 $890,000 $222,500 $4,168 3.16%
    Moses Lake, WA (FHA|USDA|VA) 5 $875,000 $175,000 $4,537 2.40%
    Indiana, PA (FHA|USDA|VA) 4 $820,000 $205,000 $4,897 2.84%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $820,000 $410,000 $5,766 2.94%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $770,000 $385,000 $5,906 2.94%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $760,000 $380,000 $4,202 3.25%
    Outside of Metro Areas 2 $740,000 $370,000 $3,921 3.19%
    Clarksburg, WV (FHA|USDA|VA) 4 $740,000 $185,000 $5,335 2.81%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $725,000 $241,667 $7,360 3.42%
    Kill Devil Hills, NC (FHA|USDA|VA) 2 $700,000 $350,000 $3,417 2.75%
    WILMINGTON, NC (FHA|USDA|VA) 2 $700,000 $350,000 $6,483 2.81%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $685,000 $685,000 $6,760 3.00%
    COLUMBIA, MO (FHA|USDA|VA) 4 $660,000 $165,000 $1,414 2.97%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $605,000 $201,667 $3,879 2.67%
    PROVO-OREM, UT (FHA|USDA|VA) 2 $590,000 $295,000 $3,106 2.75%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $585,000 $195,000 $2,795 3.25%
    LYNCHBURG, VA (FHA|USDA|VA) 4 $560,000 $140,000 $3,695 3.25%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $545,000 $545,000 $4,628 2.63%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $545,000 $545,000 $5,224 3.25%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $540,000 $270,000 $7,626 3.38%
    Sonora, CA (FHA|USDA|VA) 1 $525,000 $525,000 $4,186 3.50%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $520,000 $260,000 $6,172 3.19%
    ASHEVILLE, NC (FHA|USDA|VA) 2 $510,000 $255,000 $2,376 2.50%
    Morehead City, NC (FHA|USDA|VA) 1 $485,000 $485,000 $3,363 2.75%
    AKRON, OH (FHA|USDA|VA) 3 $485,000 $161,667 $5,264 2.88%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $480,000 $240,000 $6,978 3.75%
    Sanford, NC (FHA|USDA|VA) 2 $480,000 $240,000 $7,113 3.19%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $470,000 $235,000 $3,693 3.06%
    LEBANON, PA (FHA|USDA|VA) 2 $460,000 $230,000 $5,379 3.13%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $445,000 $445,000 $4,829 2.75%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $445,000 $445,000 $5,927 2.38%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $445,000 $445,000 $7,171 2.88%
    Georgetown, SC (FHA|USDA|VA) 1 $435,000 $435,000 $4,552 2.50%
    Pullman, WA (FHA|USDA|VA) 1 $405,000 $405,000 $6,174 2.25%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $380,000 $190,000 $4,263 3.06%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $365,000 $365,000 $0 2.63%
    DuBois, PA (FHA|USDA|VA) 1 $365,000 $365,000 $4,558 2.63%
    Nogales, AZ (FHA|USDA|VA) 1 $365,000 $365,000 $12,899 4.13%
    Henderson, NC (FHA|USDA|VA) 3 $365,000 $121,667 $5,608 3.04%
    LANCASTER, PA (FHA|USDA|VA) 1 $365,000 $365,000 $8,650 2.88%
    Calhoun, GA (FHA|USDA|VA) 1 $355,000 $355,000 $10,618 2.88%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $355,000 $355,000 $6,166 2.38%
    WALLA WALLA, WA (FHA|USDA|VA) 1 $355,000 $355,000 $3,128 2.75%
    RICHMOND, VA (FHA|USDA|VA) 2 $350,000 $175,000 $3,305 2.88%
    Meadville, PA (FHA|USDA|VA) 4 $340,000 $85,000 $3,963 3.13%
    NEW BERN, NC (FHA|USDA|VA) 1 $325,000 $325,000 $2,204 2.75%
    GREENVILLE, NC (FHA|USDA|VA) 2 $320,000 $160,000 $3,831 3.13%
    GETTYSBURG, PA (FHA|USDA|VA) 2 $320,000 $160,000 $5,164 2.94%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $310,000 $155,000 $3,604 3.38%
    MOBILE, AL (FHA|USDA|VA) 1 $305,000 $305,000 $2,775 3.50%
    Port Angeles, WA (FHA|USDA|VA) 1 $295,000 $295,000 $4,174 3.00%
    TULSA, OK (FHA|USDA|VA) 1 $285,000 $285,000 $2,359 3.38%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $285,000 $285,000 $1,969 2.88%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $275,000 $275,000 $6,139 3.88%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $275,000 $275,000 $8,403 3.63%
    Aberdeen, WA (FHA|USDA|VA) 1 $265,000 $265,000 $3,436 3.38%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,581 2.88%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $255,000 $255,000 $500 3.75%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $255,000 $255,000 $4,071 3.13%
    DOTHAN, AL (FHA|USDA|VA) 2 $240,000 $120,000 $2,755 3.25%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $235,000 $235,000 $2,280 3.38%
    Coshocton, OH (FHA|USDA|VA) 1 $225,000 $225,000 $2,805 3.00%
    SAVANNAH, GA (FHA|USDA|VA) 1 $215,000 $215,000 $4,138 3.38%
    ROME, GA (FHA|USDA|VA) 1 $215,000 $215,000 $8,542 3.50%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $215,000 $215,000 $5,272 2.88%
    Pottsville, PA (FHA|USDA|VA) 2 $210,000 $105,000 $4,291 4.19%
    DECATUR, AL (FHA|USDA|VA) 1 $205,000 $205,000 $6,424 3.25%
    Enterprise, AL (FHA|USDA|VA) 1 $195,000 $195,000 $3,287 3.38%
    REDDING, CA (FHA|USDA|VA) 1 $195,000 $195,000 $2,655 2.63%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $195,000 $195,000 $6,320 2.75%
    Cambridge, MD (FHA|USDA|VA) 1 $185,000 $185,000 $6,982 3.38%
    Danville, VA (FHA|USDA|VA) 1 $175,000 $175,000 $6,453 3.00%
    ALBANY, GA (FHA|USDA|VA) 1 $175,000 $175,000 $6,517 3.50%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $165,000 $165,000 $2,879 2.75%
    Oil City, PA (FHA|USDA|VA) 2 $160,000 $80,000 $3,548 3.25%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $160,000 $80,000 $2,475 2.38%
    COLUMBUS, OH (FHA|USDA|VA) 1 $155,000 $155,000 $4,585 3.13%
    Chillicothe, OH (FHA|USDA|VA) 1 $155,000 $155,000 $2,910 3.25%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $155,000 $155,000 $5,539 4.50%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $4,128 2.50%
    Bay City, TX (FHA|USDA|VA) 1 $125,000 $125,000 $6,587 4.13%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $125,000 $125,000 $2,156 2.75%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $125,000 $125,000 $5,041 2.50%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $125,000 $125,000 $1,410 3.75%
    Norwalk, OH (FHA|USDA|VA) 1 $115,000 $115,000 $6,791 3.75%
    Sandusky, OH (FHA|USDA|VA) 1 $115,000 $115,000 $3,462 2.75%
    Warren, PA (FHA|USDA|VA) 2 $110,000 $55,000 $3,937 2.94%
    Marietta, OH (FHA|USDA|VA) 1 $105,000 $105,000 $4,414 3.00%
    West Plains, MO (FHA|USDA|VA) 1 $105,000 $105,000 $2,654 2.38%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $105,000 $105,000 $4,525 3.13%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $95,000 $95,000 $3,293 3.13%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $95,000 $95,000 $3,370 3.38%
    Lewistown, PA (FHA|USDA|VA) 1 $85,000 $85,000 $4,791 3.25%
    Bluefield, WV-VA (FHA|USDA|VA) 1 $55,000 $55,000 $3,363 3.00%
    Victorian Finance's top markets include Pittsburgh, Seattle, Charleston, Durham, and Houston among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • West Virginia (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: 12
    TRI BORO
    Similarity Rank: 208
    HORIZON UTAH Federal Credit Union
    Similarity Rank: 350
    First Credit Union
    Similarity Rank: 378
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 384
    DESCO
    Similarity Rank: 392
    AMOCO
    Similarity Rank: 405
    Cashmere Valley Bank
    Similarity Rank: 408
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 414
    Piedmont Federal Savings Bank
    Similarity Rank: 442

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,720 $704,430,000 $258,982 $4,277 2.95%
    FHA 714 $124,830,000 $174,832 $7,075 2.99%
    VA 205 $64,445,000 $314,366 $8,138 2.77%
    USDA 196 $27,360,000 $139,592 $5,296 2.79%

    For 2021, Victorian Finance's most frequently originated type of loan was Conventional, with 2,720 originations. Their 2nd most popular type was FHA, with 714 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,624 $609,580,000 $232,309 $5,464 2.97%
    Refi 746 $190,980,000 $256,005 $3,871 2.77%
    Cash Out Refi 465 $120,505,000 $259,151 $4,701 3.07%

    For 2021, Victorian Finance's most frequently cited loan purpose was Home Purchase, with 2,624 originations. The 2nd most popular reason was Refi, with 746 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,395 $823,705,000 $242,623 $5,251 2.99%
    15 Year 287 $61,735,000 $215,105 $3,633 2.47%
    20 Year 97 $22,575,000 $232,732 $3,667 2.76%
    Other 37 $9,915,000 $267,973 $3,929 3.01%
    10 Year 19 $3,135,000 $165,000 $2,516 2.14%

    For 2021, Victorian Finance's most frequently cited loan duration was 30 Year, with 3,395 originations. The 2nd most popular length was 15 Year, with 287 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,392 $541,890,000 $226,543
    $<1k 557 $143,885,000 $258,321
    $2k-3k 438 $102,390,000 $233,767
    $3k-4k 187 $48,405,000 $258,850
    $5k+ 140 $52,890,000 $377,786
    $4k-5k 101 $27,595,000 $273,218

    Victorian Finance's average total fees were $5,251, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,392 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 2,001 $493,295,000 $246,524
    3-4% 1,212 $275,250,000 $227,104
    <2.5% 576 $144,190,000 $250,330
    4-5% 45 $8,265,000 $183,667
    5-6% 1 $65,000 $65,000

    During 2021, Victorian Finance's average interest rate for loans was 2.99%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,001 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,490 $417,450,000 $280,168 $5,349 2.94%
    $100k-200k 1,451 $218,115,000 $150,320 $4,628 2.94%
    $400k-600k 424 $204,280,000 $481,792 $6,308 2.86%
    $100,000 or less 401 $30,675,000 $76,496 $3,798 3.01%
    $600k-1MM 66 $46,760,000 $708,485 $7,609 2.88%
    $1MM+ 3 $3,785,000 $1,261,667 $8,502 2.63%

    2021 saw Victorian Finance place emphasis on $200k-400k loans with 1,490 originations, totaling $417,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 918 $175,330,000 $190,991 $5,091 2.96%
    $100k-150k 799 $227,625,000 $284,887 $5,040 2.96%
    $50k or less 788 $109,240,000 $138,629 $4,729 2.93%
    $75k-100k 654 $158,690,000 $242,645 $5,372 2.94%
    $150k-250k 474 $167,920,000 $354,262 $5,244 2.93%
    $250k+ 179 $76,265,000 $426,061 $5,015 2.84%

    Victorian Finance lent most frequently to those with incomes in the $50k-75k range, with 918 originations. The second most popular income band? $100k-150k, with 799 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 889 $205,825,000 $231,524 $4,468 2.91%
    30-36% 714 $175,310,000 $245,532 $5,016 2.95%
    <20% 384 $88,990,000 $231,745 $4,050 2.84%
    50-60% 215 $48,795,000 $226,953 $8,292 2.94%
    37% 148 $38,470,000 $259,932 $5,012 3.00%
    42% 145 $35,235,000 $243,000 $5,064 2.97%
    36% 143 $32,655,000 $228,357 $4,891 2.99%
    39% 132 $34,650,000 $262,500 $5,251 3.02%
    40% 131 $34,145,000 $260,649 $5,105 2.99%
    38% 130 $31,350,000 $241,154 $5,279 3.00%
    41% 120 $26,480,000 $220,667 $4,957 3.01%
    44% 117 $28,755,000 $245,769 $5,298 3.00%
    43% 100 $22,470,000 $224,700 $5,076 2.97%
    49% 98 $25,620,000 $261,429 $6,025 2.93%
    45% 88 $20,700,000 $235,227 $5,642 3.00%
    48% 83 $21,045,000 $253,554 $5,584 2.97%
    47% 81 $18,435,000 $227,593 $5,247 3.00%
    46% 73 $18,445,000 $252,671 $4,971 2.95%
    >60% 9 $2,995,000 $332,778 $11,196 2.76%

    Victorian Finance lent most frequently to those with DTI ratios of 20-30%, with 889 originations. The next most common DTI ratio? 30-36%, with 714 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,185 $737,775,000 $231,641 $4,981 2.93%
    Not provided 314 $98,380,000 $313,312 $5,178 2.94%
    Black 187 $38,615,000 $206,497 $5,883 3.05%
    Asian 113 $34,685,000 $306,947 $5,720 2.93%
    American Indian 19 $5,915,000 $311,316 $4,995 3.03%
    Other Asian 4 $1,640,000 $410,000 $5,577 2.78%
    Asian Indian 4 $1,160,000 $290,000 $5,116 2.66%
    Not applicable 5 $1,145,000 $229,000 $3,386 2.18%
    Native Hawaiian or Islander 3 $1,065,000 $355,000 $6,883 3.04%
    Filipino 1 $685,000 $685,000 $2,830 3.00%

    Approval Rates

    Total approvals of all applications
    98.75%

    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
    77.00%

    Victorian Finance has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,835 $921,065,000 $240,173

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,835 $921,065,000 $240,173

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 107 $19,575,000 $182,944 $3,405 2.69%
    40-60% 318 $79,800,000 $250,943 $3,694 2.73%
    60-80% 1,135 $301,375,000 $265,529 $4,407 2.99%
    80-100% 2,201 $494,835,000 $224,823 $5,440 2.97%
    Over 100% 66 $24,460,000 $370,606 $13,139 2.75%
    Under 20% 5 $625,000 $125,000 $2,094 2.10%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    VICTORIAN FINANCE, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%