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 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
19Origination Dollar Volume (All Markets)
$1,725,000Top 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) | 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% |
Their top states include:
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
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 applications95.00%
Vision Financial has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 19 | $1,725,000 | $90,789 |