Gesa Mortgage Rates, Fees & Info
Richland, WALEI: 5493001B4U37VT2ML818
Tax ID: 91-0616262
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Gesa is a smaller mortgage company specializing in Home Purchase loans. Gesa has a high proportion of conventional loans. Their top markets by origination volume include: Kennewick, Seattle, Spokane, Portland, and Yakima among others. We have data for 37 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 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.54% | 4/5/25 |
| 30 Year Conventional Purchase | 6.67% | 4/5/25 |
| 30 Year Conventional Refi | 6.24% | 4/5/25 |
| 30 Year Cash-out Refi | 6.74% | 4/5/25 |
| 30 Year FHA Purchase | 7.52% | 4/5/25 |
| 30 Year FHA Refi | 6.72% | 4/5/25 |
| 30 Year VA Purchase | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 6.79% | 4/5/25 |
| 15 Year Conventional Refi | 7.11% | 4/5/25 |
| 15 Year Cash-out Refi | 7.11% | 4/5/25 |
| 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
Estimated Loan Payment: Update the calculator values and click calculate payment!
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
2,031Origination Dollar Volume (All Markets)
$420,975,000Awards
GESA - 2024
GESA is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
Work for GESA?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Gesa's average 30 year fixed mortgage rate was
6.64%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.09%.
Relative Fees (Closing Costs)
Gesa's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,686.
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 $8,356.
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) | 811 | $135,525,000 | $167,109 | $2,998 | 8.39% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 283 | $69,645,000 | $246,095 | $1,648 | 8.81% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 169 | $41,485,000 | $245,473 | $5,304 | 8.03% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 42 | $31,170,000 | $742,143 | $7,364 | 7.65% |
| YAKIMA, WA (FHA|USDA|VA) | 196 | $29,080,000 | $148,367 | $2,617 | 8.42% |
| WALLA WALLA, WA (FHA|USDA|VA) | 131 | $19,855,000 | $151,565 | $2,529 | 8.45% |
| Moses Lake, WA (FHA|USDA|VA) | 87 | $15,195,000 | $174,655 | $3,699 | 8.23% |
| WENATCHEE, WA (FHA|USDA|VA) | 59 | $13,465,000 | $228,220 | $4,038 | 8.02% |
| Outside of Metro Areas | 38 | $11,670,000 | $307,105 | $5,651 | 7.96% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $6,875,000 | $6,875,000 | $0 | 7.79% |
| Othello, WA (FHA|USDA|VA) | 26 | $5,890,000 | $226,538 | $5,439 | 7.33% |
| Outside of Metro Areas | 19 | $5,365,000 | $282,368 | $6,189 | 7.58% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $3,930,000 | $1,965,000 | $0 | 8.77% |
| Sandpoint, ID (FHA|USDA|VA) | 9 | $3,575,000 | $397,222 | $12,530 | 6.58% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 33 | $3,295,000 | $99,848 | $2,425 | 8.53% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 12 | $2,570,000 | $214,167 | $178 | 8.46% |
| Pullman, WA (FHA|USDA|VA) | 10 | $2,500,000 | $250,000 | $4,068 | 7.99% |
| Astoria, OR (FHA|USDA|VA) | 3 | $2,315,000 | $771,667 | $0 | 9.12% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 23 | $2,165,000 | $94,130 | $400 | 8.62% |
| Port Angeles, WA (FHA|USDA|VA) | 10 | $2,080,000 | $208,000 | $5,879 | 8.15% |
| Oak Harbor, WA (FHA|USDA|VA) | 8 | $1,920,000 | $240,000 | $6,856 | 7.36% |
| Ellensburg, WA (FHA|USDA|VA) | 10 | $1,800,000 | $180,000 | $2,859 | 8.83% |
| Centralia, WA (FHA|USDA|VA) | 8 | $1,690,000 | $211,250 | $5,515 | 8.30% |
| BELLINGHAM, WA (FHA|USDA|VA) | 8 | $1,530,000 | $191,250 | $3,837 | 8.05% |
| LONGVIEW, WA (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $0 | 9.63% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $8,898 | 7.00% |
| Aberdeen, WA (FHA|USDA|VA) | 6 | $770,000 | $128,333 | $2,799 | 8.13% |
| Shelton, WA (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $5,691 | 7.94% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 8 | $590,000 | $73,750 | $0 | 9.09% |
| The Dalles, OR (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $0 | 9.00% |
| Newport, OR (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $10,509 | 7.00% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $9,838 | 6.88% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $7,418 | 6.88% |
| BEND, OR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 8.75% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.75% |
| La Grande, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $395 | 8.50% |
| Moscow, ID (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $550 | 8.25% |
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: 126
Similarity Rank: 378
Similarity Rank: 380
Similarity Rank: 552
Similarity Rank: 558
Similarity Rank: 595
Similarity Rank: 774
Similarity Rank: 944
Similarity Rank: 979
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,136 | $294,710,000 | $259,428 | $3,338 | 7.52% |
| HELOC | 895 | $126,265,000 | $141,078 | n/a | 9.41% |
For 2024, Gesa's most frequently originated type of loan was Conventional, with 1,136 originations. Their 2nd most popular type was HELOC, with 895 originations.
Loan Reason
For 2024, Gesa's most frequently cited loan purpose was Home Improvement, with 682 originations. The 2nd most popular reason was Other, with 585 originations.
Loan Duration/Length
For 2024, Gesa's most frequently cited loan duration was Other, with 908 originations. The 2nd most popular length was 15 Year, with 463 originations.
Origination Fees/Closing Costs
Gesa's average total fees were $7,686, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 598 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 1,267 | $158,785,000 | $125,324 |
| 6-7% | 411 | $150,235,000 | $365,535 |
| 7-8% | 267 | $83,335,000 | $312,116 |
| 5-6% | 85 | $28,515,000 | $335,471 |
| 4-5% | 1 | $105,000 | $105,000 |
During 2024, Gesa's average interest rate for loans was 6.64%, while their most frequently originated rate bucket for loans was Over 8%, with 1,267 originations.
Loan Sizing
2024 saw Gesa place emphasis on $100,000 or less loans with 809 originations, totaling $47,215,000 in origination value.
Applicant Income
Gesa lent most frequently to those with incomes in the $100k-150k range, with 606 originations. The second most popular income band? $150k-250k, with 459 originations.
Applicant Debt to Income Ratio
Gesa lent most frequently to those with DTI ratios of 30-36%, with 244 originations. The next most common DTI ratio? 49%, with 243 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.39%
Gesa has a below average approval rate.
Pick Rate
Approvals leading to origination78.04%
Gesa has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,031 | $420,975,000 | $207,275 |