Gesa Mortgage Rates, Fees & Info
Richland, WALEI: 5493001B4U37VT2ML818
Tax ID: 91-0616262
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Mortgage Data
Review & Overview
Gesa is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Gesa has a high proportion of conventional loans. Their top markets by origination volume include: Kennewick, Spokane, Seattle, Moses Lake, and Bremerton among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)Gesa 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. Gesa is typically an average 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 relatively high 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.81% | 4/18/24 |
| 30 Year Conventional Purchase | 5.94% | 4/18/24 |
| 30 Year Conventional Refi | 5.90% | 4/18/24 |
| 30 Year Cash-out Refi | 5.92% | 4/18/24 |
| 30 Year FHA Purchase | 7.68% | 4/18/24 |
| 30 Year VA Purchase | 6.53% | 4/18/24 |
| 15 Year Conventional Purchase | 6.04% | 4/18/24 |
| 15 Year Conventional Refi | 6.00% | 4/18/24 |
| 15 Year Cash-out Refi | 6.00% | 4/18/24 |
| 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. | ||
Gesa Mortgage Calculator
Your Estimates
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This is not an official calculator from Gesa. 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
1,554Origination Dollar Volume (All Markets)
$284,150,000Awards
GESA - 2023
GESA is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Gesa's average 30 year fixed mortgage rate was
6.85%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.37%.
Relative Fees (Closing Costs)
Gesa's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,864.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 621 | $97,155,000 | $156,449 | $2,876 | 8.86% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 117 | $33,465,000 | $286,026 | $3,799 | 8.44% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 243 | $31,315,000 | $128,868 | $1,303 | 9.14% |
| Moses Lake, WA (FHA|USDA|VA) | 93 | $21,205,000 | $228,011 | $3,355 | 8.26% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 17 | $19,205,000 | $1,129,706 | $2,144 | 8.59% |
| YAKIMA, WA (FHA|USDA|VA) | 142 | $17,290,000 | $121,761 | $2,345 | 8.76% |
| WALLA WALLA, WA (FHA|USDA|VA) | 101 | $11,585,000 | $114,703 | $2,532 | 8.80% |
| Outside of Metro Areas | 10 | $10,500,000 | $1,050,000 | $4,483 | 8.52% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 11 | $9,125,000 | $829,545 | $2,505 | 8.05% |
| WENATCHEE, WA (FHA|USDA|VA) | 47 | $6,335,000 | $134,787 | $3,028 | 9.19% |
| Outside of Metro Areas | 24 | $4,440,000 | $185,000 | $5,118 | 8.49% |
| Ellensburg, WA (FHA|USDA|VA) | 12 | $3,700,000 | $308,333 | $2,154 | 8.06% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 35 | $3,155,000 | $90,143 | $1,558 | 9.29% |
| Othello, WA (FHA|USDA|VA) | 14 | $2,780,000 | $198,571 | $3,469 | 8.08% |
| Sandpoint, ID (FHA|USDA|VA) | 2 | $2,470,000 | $1,235,000 | $14,047 | 7.31% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 16 | $1,860,000 | $116,250 | $2,408 | 8.79% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 8 | $1,850,000 | $231,250 | $3,267 | 8.41% |
| Oak Harbor, WA (FHA|USDA|VA) | 10 | $1,300,000 | $130,000 | $2,697 | 9.11% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $11,002 | 6.75% |
| Roseburg, OR (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $5,273 | 8.54% |
| Moscow, ID (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $7,258 | 6.88% |
| Pullman, WA (FHA|USDA|VA) | 6 | $730,000 | $121,667 | $395 | 8.48% |
| Centralia, WA (FHA|USDA|VA) | 5 | $455,000 | $91,000 | $789 | 8.80% |
| Port Angeles, WA (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $838 | 9.09% |
| Aberdeen, WA (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $395 | 9.06% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 9.75% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,051 | 6.13% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.75% |
| BEND, OR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against GESA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 45
Similarity Rank: 55
Similarity Rank: 110
Similarity Rank: 140
Similarity Rank: 238
Similarity Rank: 238
Similarity Rank: 330
Similarity Rank: 492
Similarity Rank: 693
Similarity Rank: 776
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 861 | $206,755,000 | $240,134 | $2,763 | 7.81% |
| HELOC | 693 | $77,395,000 | $111,681 | n/a | 10.04% |
For 2023, Gesa's most frequently originated type of loan was Conventional, with 861 originations. Their 2nd most popular type was HELOC, with 693 originations.
Loan Reason
For 2023, Gesa's most frequently cited loan purpose was Home Improvement, with 565 originations. The 2nd most popular reason was Other, with 497 originations.
Loan Duration/Length
For 2023, Gesa's most frequently cited loan duration was Other, with 701 originations. The 2nd most popular length was 15 Year, with 417 originations.
Origination Fees/Closing Costs
Gesa's average total fees were $6,864, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 520 originations.
Interest Rates
During 2023, Gesa's average interest rate for loans was 6.85%, while their most frequently originated rate bucket for loans was Over 8%, with 1,084 originations.
Loan Sizing
2023 saw Gesa place emphasis on $100,000 or less loans with 759 originations, totaling $44,035,000 in origination value.
Applicant Income
Gesa lent most frequently to those with incomes in the $100k-150k range, with 442 originations. The second most popular income band? $150k-250k, with 301 originations.
Applicant Debt to Income Ratio
Gesa lent most frequently to those with DTI ratios of 49%, with 199 originations. The next most common DTI ratio? 44%, with 193 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.17%
Gesa has a below average approval rate.
Pick Rate
Approvals leading to origination75.35%
Gesa has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,554 | $284,150,000 | $182,851 |