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 Cash Out Refi loans. Vision Financial has a high proportion of conventional loans. Their top markets by origination volume include: Durham, Raleigh, Fayetteville, Burlington, and Pinehurst 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 an above average pick rate when compared to similar lenders.
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Originations
20Origination Dollar Volume (All Markets)
$1,840,000Top 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 | $1,480,000 | $105,714 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $95,000 | $31,667 | $0 | 0.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 20 | $1,840,000 | $92,000 | $0 | 0.00% |
For 2021, Vision Financial's most frequently originated type of loan was Conventional, with 20 originations.
Loan Reason
For 2021, Vision Financial's most frequently cited loan purpose was Home Improvement, with 12 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 20 | $1,840,000 | $92,000 | $0 | 0.00% |
For 2021, Vision Financial's most frequently cited loan duration was Other, with 20 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 15 | $815,000 | $54,333 | $0 | 0.00% |
| $100k-200k | 3 | $445,000 | $148,333 | $0 | 0.00% |
| $200k-400k | 2 | $580,000 | $290,000 | $0 | 0.00% |
2021 saw Vision Financial place emphasis on $100,000 or less loans with 15 originations, totaling $815,000 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 6 originations.
Applicant Debt to Income Ratio
Vision Financial lent most frequently to those with DTI ratios of 20-30%, with 6 originations. The next most common DTI ratio? 30-36%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.50%
Vision Financial has an average approval rate.
Pick Rate
Approvals leading to origination95.00%
Vision Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 20 | $1,840,000 | $92,000 |