Vision Financial Mortgage Rates, Fees & Info

Durham, NC

LEI: 549300YMPH2H8CM5WS98

Tax ID: 56-0756045

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Mortgage Data

Review & Overview

Vision Financial is a smaller mortgage company specializing in Home Improvement and Refi loans. Vision Financial has a high proportion of conventional loans. Their top two markets are Durham and Greensboro .

Vision Financial has an above average approval rate when compared to the average across all lenders.

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Originations

19

Origination Dollar Volume (All Markets)

$1,725,000

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
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 17 $1,535,000 $90,294 $0 0.00%
Outside of Metro Areas 1 $145,000 $145,000 $0 0.00%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Vision Financial's top markets include Durham and Greensboro among others.

Their top states include:
  • North Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 19 $1,725,000 $90,789 $0 0.00%

    For 2019, Vision Financial's most frequently originated type of loan was Conventional, with 19 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 10 $900,000 $90,000 $0 0.00%
    Refi 6 $690,000 $115,000 $0 0.00%
    Cash Out Refi 3 $135,000 $45,000 $0 0.00%

    For 2019, Vision Financial's most frequently cited loan purpose was Home Improvement, with 10 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 19 $1,725,000 $90,789 $0 0.00%

    For 2019, Vision Financial's most frequently cited loan duration was Other, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 11 $545,000 $49,545 $0 0.00%
    $100k-200k 7 $955,000 $136,429 $0 0.00%
    $200k-400k 1 $225,000 $225,000 $0 0.00%

    2019 saw Vision Financial place emphasis on $100,000 or less loans with 11 originations, totaling $545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 6 $450,000 $75,000 $0 0.00%
    $75k-100k 6 $600,000 $100,000 $0 0.00%
    $50k-75k 5 $475,000 $95,000 $0 0.00%
    $100k-150k 2 $200,000 $100,000 $0 0.00%

    Vision Financial lent most frequently to those with incomes in the $50k or less range, with 6 originations. The second most popular income band? $75k-100k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 19 $1,725,000 $90,789 $0 0.00%

    Vision Financial lent most frequently to those with DTI ratios of Exempt%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 15 $1,425,000 $95,000 $0 0.00%
    Black 3 $195,000 $65,000 $0 0.00%
    Not provided 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.00%

    Vision Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 19 $1,725,000 $90,789

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $345,000 $115,000
    Single Family (1-4 Units):Site-Built 16 $1,380,000 $86,250