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 Other loans. Vision Financial has a high proportion of conventional loans. Their top markets by origination volume include: Durham, Raleigh, Henderson, and Fayetteville 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 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
19Origination Dollar Volume (All Markets)
$1,345,000Top 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 | $1,030,000 | $73,571 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $125,000 | $125,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| Henderson, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $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 | 19 | $1,345,000 | $70,789 | $0 | 0.00% |
For 2020, Vision Financial's most frequently originated type of loan was Conventional, with 19 originations.
Loan Reason
For 2020, Vision Financial's most frequently cited loan purpose was Home Improvement, with 12 originations. The 2nd most popular reason was Other, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 19 | $1,345,000 | $70,789 | $0 | 0.00% |
For 2020, 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 | 16 | $920,000 | $57,500 | $0 | 0.00% |
| $100k-200k | 3 | $425,000 | $141,667 | $0 | 0.00% |
2020 saw Vision Financial place emphasis on $100,000 or less loans with 16 originations, totaling $920,000 in origination value.
Applicant Income
Vision Financial lent most frequently to those with incomes in the $50k or less range, with 7 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
Vision Financial lent most frequently to those with DTI ratios of <20%, with 6 originations. The next most common DTI ratio? 20-30%, with 6 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 16 | $1,090,000 | $68,125 | $0 | 0.00% |
| Black | 3 | $255,000 | $85,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications84.00%
Vision Financial has a below average approval rate.
Pick Rate
Approvals leading to origination89.47%
Vision Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 19 | $1,345,000 | $70,789 |