Vision Financial Mortgage Rates, Fees & Info
Durham, NCLEI: 549300YMPH2H8CM5WS98
Tax ID: 56-0756045
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Mortgage Data
Review & Overview
Vision Financial is a smaller mortgage company specializing in Refi and Other loans. Vision Financial has a high proportion of conventional loans. Their top two markets are Durham and Fayetteville .Vision Financial has an average approval rate when compared to the average across all lenders.
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Originations
16Origination Dollar Volume (All Markets)
$1,060,000Top 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) | 14 | $950,000 | $67,857 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $85,000 | $85,000 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 16 | $1,060,000 | $66,250 | $0 | 0.00% |
For 2018, Vision Financial's most frequently originated type of loan was Conventional, with 16 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 7 | $665,000 | $95,000 | $0 | 0.00% |
| Other | 6 | $240,000 | $40,000 | $0 | 0.00% |
| Home Improvement | 3 | $155,000 | $51,667 | $0 | 0.00% |
For 2018, Vision Financial's most frequently cited loan purpose was Refi, with 7 originations. The 2nd most popular reason was Other, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 16 | $1,060,000 | $66,250 | $0 | 0.00% |
For 2018, Vision Financial's most frequently cited loan duration was Other, with 16 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 12 | $540,000 | $45,000 | $0 | 0.00% |
| $100k-200k | 4 | $520,000 | $130,000 | $0 | 0.00% |
2018 saw Vision Financial place emphasis on $100,000 or less loans with 12 originations, totaling $540,000 in origination value.
Applicant Income
Vision Financial lent most frequently to those with incomes in the $50k or less range, with 8 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 16 | $1,060,000 | $66,250 | $0 | 0.00% |
Vision Financial lent most frequently to those with DTI ratios of Exempt%, with 16 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 14 | $1,010,000 | $72,143 | $0 | 0.00% |
| Black | 2 | $50,000 | $25,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications80.00%
Vision Financial has a below average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 16 | $1,060,000 | $66,250 |