Vision Financial Mortgage Rates, Fees & Info
Durham, NCLEI: 549300YMPH2H8CM5WS98
Tax ID: 56-0756045
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Vision Financial is a smaller mortgage company specializing in Other and Home Improvement loans. Vision Financial has a high proportion of conventional loans. Their top markets by origination volume include: Durham, Fayetteville, Myrtle Beach, and Raleigh among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Vision Financial 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.
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Originations
15Origination Dollar Volume (All Markets)
$1,235,000Top 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 |
|---|---|---|---|---|---|
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 9 | $615,000 | $68,333 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $35,000 | $35,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 15 | $1,235,000 | $82,333 | $0 | 0.00% |
For 2024, Vision Financial's most frequently originated type of loan was Conventional, with 15 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 9 | $485,000 | $53,889 | $0 | 0.00% |
| Home Improvement | 5 | $615,000 | $123,000 | $0 | 0.00% |
| Home Purchase | 1 | $135,000 | $135,000 | $0 | 0.00% |
For 2024, Vision Financial's most frequently cited loan purpose was Other, with 9 originations. The 2nd most popular reason was Home Improvement, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 15 | $1,235,000 | $82,333 | $0 | 0.00% |
For 2024, Vision Financial's most frequently cited loan duration was Other, with 15 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 12 | $590,000 | $49,167 | $0 | 0.00% |
| $100k-200k | 2 | $240,000 | $120,000 | $0 | 0.00% |
| $400k-600k | 1 | $405,000 | $405,000 | $0 | 0.00% |
2024 saw Vision Financial place emphasis on $100,000 or less loans with 12 originations, totaling $590,000 in origination value.
Applicant Income
Vision Financial lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
Vision Financial lent most frequently to those with DTI ratios of 20-30%, with 3 originations. The next most common DTI ratio? 44%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Black | 8 | $750,000 | $93,750 | $0 | 0.00% |
| White | 7 | $485,000 | $69,286 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.74%
Vision Financial has an average approval rate.
Pick Rate
Approvals leading to origination80.00%
Vision Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 15 | $1,235,000 | $82,333 |