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Virginia Credit Union, Inc.
Credit Union|RICHMOND, VA|Single State
Loans Originated
959
Applications
1,329
Volume
$286 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.206%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$865
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
72.2%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA loans
Report Card
Virginia Credit Union, Inc. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Single State · 7 metro areas · 1 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$299,265
Average Borrower Income
$125,394
Average Property Value
$410,975
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Strong | Strong | 732 | 76.3% | +0.172% | $919 |
FHA Loans | Strong | Strong | Strong | Strong | 182 | 19.0% | +0.424% | $727 |
VA Loans | Strong | Strong | Strong | Sound | 33 | 3.4% | -0.277% | $365 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Exceptional | Strong | 671 | 70.0% | +0.102% | $422 |
Refinance | Strong | Strong | Sound | Strong | 288 | 30.0% | +0.438% | $1,848 |
Geographic Coverage
Metro Areas
6
States Served
1
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
VA
Top Metro Areas by Place Specialization Score
1
Richmond, VA, VAMSA
Volume: 681Mix: 71.01%
Place Specialization
Exceptional
2
Charlottesville, VA, VAMSA
Volume: 32Mix: 3.34%
Place Specialization
Strong
3
Arlington, VA-WVMSA
Volume: 33Mix: 3.44%
Place Specialization
Sound
4
Virginia Beach, VA-NCMSA
Volume: 26Mix: 2.71%
Place Specialization
Sound
5
Lynchburg, VA, VAMSA
Volume: 15Mix: 1.56%
Place Specialization
Sound
6
Roanoke, VA, VAMSA
Volume: 11Mix: 1.15%
Place Specialization
Sound
Top States by Place Specialization Score
1
VAState
Volume: 959Mix: 100.00%
Place Specialization
Exceptional
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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