Greenville Heritage Federal Credit Union Mortgage Rates, Fees & Info

Greenville, SC

LEI: 254900SYM73UN2V4KP10

Tax ID: 57-0314492

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Greenville Heritage Federal Credit Union is a smaller credit union specializing in Refi loans. Greenville Heritage Federal Credit Union has a high proportion of conventional loans. Their top two markets are Greenville and Spartanburg .

    Greenville Heritage Federal Credit Union 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. Greenville Heritage Federal Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.92% 5/4/24
    30 Year Conventional Refi 6.01% 5/4/24
    15 Year Conventional Purchase 5.68% 5/4/24
    15 Year Conventional Refi 5.87% 5/4/24
    15 Year Cash-out Refi 5.87% 5/4/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Greenville Heritage Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Greenville Heritage Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    44

    Origination Dollar Volume (All Markets)

    $7,140,000

    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
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 43 $6,725,000 $156,395 $2,332 3.89%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $415,000 $415,000 $2,848 4.05%
    Greenville Heritage Federal Credit Union's top markets include Greenville and Spartanburg among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Greenville Heritage Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    GREENVILLE FEDERAL CREDIT UNION
    Similarity Rank: 402
    BLMC, INC
    Similarity Rank: 1266
    Coastal Carolina National Bank
    Similarity Rank: 1328
    First Piedmont Federal Savings and Loan Association of Gaffney
    Similarity Rank: 1533
    S. C. STATE FEDERAL CREDIT UNION
    Similarity Rank: 1598
    CPM Federal Credit Union
    Similarity Rank: 1650
    First Community Bank
    Similarity Rank: 2015
    Amerisouth Mortgage Company
    Similarity Rank: 2121
    Allen Tate Mortgage Partners, LLC
    Similarity Rank: 2592
    FOUNDERS FEDERAL CREDIT UNION
    Similarity Rank: 3038

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 44 $7,140,000 $162,273 $2,344 3.90%

    For 2019, Greenville Heritage Federal Credit Union's most frequently originated type of loan was Conventional, with 44 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 36 $5,720,000 $158,889 $2,238 3.91%
    Home Purchase 6 $1,220,000 $203,333 $3,187 3.94%
    Home Improvement 1 $125,000 $125,000 $2,268 3.75%
    Other 1 $75,000 $75,000 $1,810 3.47%

    For 2019, Greenville Heritage Federal Credit Union's most frequently cited loan purpose was Refi, with 36 originations. The 2nd most popular reason was Home Purchase, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 24 $4,500,000 $187,500 $2,547 3.93%
    15 Year 13 $1,545,000 $118,846 $2,137 3.89%
    10 Year 5 $425,000 $85,000 $1,829 3.55%
    30 Year 2 $670,000 $335,000 $2,647 4.43%

    For 2019, Greenville Heritage Federal Credit Union's most frequently cited loan duration was 20 Year, with 24 originations. The 2nd most popular length was 15 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 37 $5,665,000 $153,108
    $1k-2k 5 $935,000 $187,000
    $3k-4k 1 $255,000 $255,000

    Greenville Heritage Federal Credit Union's average total fees were $2,647, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 37 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 30 $4,710,000 $157,000
    4-5% 13 $2,175,000 $167,308
    2.5-3% 1 $255,000 $255,000

    During 2019, Greenville Heritage Federal Credit Union's average interest rate for loans was 4.43%, while their most frequently originated rate bucket for loans was 3-4%, with 30 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 18 $2,670,000 $148,333 $2,462 3.95%
    $100,000 or less 14 $1,010,000 $72,143 $1,930 3.85%
    $200k-400k 10 $2,640,000 $264,000 $2,739 3.90%
    $400k-600k 2 $820,000 $410,000 $2,665 3.80%

    2019 saw Greenville Heritage Federal Credit Union place emphasis on $100k-200k loans with 18 originations, totaling $2,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 11 $2,575,000 $234,091 $2,594 3.88%
    $50k or less 11 $865,000 $78,636 $1,898 3.85%
    $50k-75k 10 $1,200,000 $120,000 $2,433 3.76%
    $75k-100k 7 $1,345,000 $192,143 $2,578 4.00%
    $150k-250k 5 $1,155,000 $231,000 $2,413 4.17%

    Greenville Heritage Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $50k or less, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 14 $2,550,000 $182,143 $2,611 3.83%
    <20% 12 $1,570,000 $130,833 $2,117 3.78%
    30-36% 6 $940,000 $156,667 $2,209 3.96%
    38% 4 $730,000 $182,500 $2,336 4.29%
    37% 2 $160,000 $80,000 $1,970 4.30%
    36% 2 $360,000 $180,000 $2,396 4.10%
    41% 2 $670,000 $335,000 $2,993 3.88%
    44% 1 $85,000 $85,000 $1,910 3.60%
    40% 1 $75,000 $75,000 $1,810 3.47%

    Greenville Heritage Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? <20%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 41 $6,785,000 $165,488 $2,365 3.88%
    Black 3 $355,000 $118,333 $2,080 4.10%

    Approval Rates

    Total approvals of all applications
    84.51%

    Greenville Heritage Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    63.64%

    Greenville Heritage Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 44 $7,140,000 $162,273

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 44 $7,140,000 $162,273

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $480,000 $80,000 $1,931 3.76%
    40-60% 14 $1,960,000 $140,000 $2,268 3.93%
    60-80% 13 $2,315,000 $178,077 $2,337 3.92%
    80-100% 10 $2,340,000 $234,000 $2,747 3.89%
    Under 20% 1 $45,000 $45,000 $1,810 4.18%