Gesa Mortgage Rates, Fees & Info

Richland, WA

LEI: 5493001B4U37VT2ML818

Tax ID: 91-0616262

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

    Gesa is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Gesa has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Kennewick, Seattle, Spokane, Yakima, and Moses Lake among others. We have data for 33 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) 5.81% 11/21/24
    30 Year Conventional Purchase 5.94% 11/21/24
    30 Year Conventional Refi 5.90% 11/21/24
    30 Year Cash-out Refi 5.92% 11/21/24
    30 Year FHA Purchase 7.68% 11/21/24
    30 Year VA Purchase 6.53% 11/21/24
    15 Year Conventional Purchase 6.04% 11/21/24
    15 Year Conventional Refi 6.00% 11/21/24
    15 Year Cash-out Refi 6.00% 11/21/24
    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

    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

    3,425

    Origination Dollar Volume (All Markets)

    $694,445,000

    Awards

    GESA 30 Year Conventional Loans gold
    Show all (1) awards

    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) 1,391 $315,605,000 $226,891 $4,702 3.35%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 618 $92,560,000 $149,773 $2,402 3.87%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 386 $86,720,000 $224,663 $4,649 3.54%
    YAKIMA, WA (FHA|USDA|VA) 213 $38,185,000 $179,272 $4,466 3.46%
    Moses Lake, WA (FHA|USDA|VA) 168 $31,010,000 $184,583 $4,369 3.42%
    WALLA WALLA, WA (FHA|USDA|VA) 135 $22,335,000 $165,444 $4,303 3.48%
    WENATCHEE, WA (FHA|USDA|VA) 94 $17,020,000 $181,064 $4,062 3.67%
    Outside of Metro Areas 30 $14,690,000 $489,667 $8,245 3.10%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 56 $14,220,000 $253,929 $3,099 3.81%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 32 $10,060,000 $314,375 $3,709 3.67%
    Outside of Metro Areas 57 $9,405,000 $165,000 $3,953 3.62%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 41 $5,935,000 $144,756 $4,460 3.37%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 30 $4,770,000 $159,000 $3,126 3.90%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 28 $4,450,000 $158,929 $3,764 3.75%
    Othello, WA (FHA|USDA|VA) 21 $4,285,000 $204,048 $5,305 3.52%
    Sandpoint, ID (FHA|USDA|VA) 13 $4,125,000 $317,308 $10,427 3.46%
    Ellensburg, WA (FHA|USDA|VA) 14 $2,770,000 $197,857 $6,212 3.53%
    Centralia, WA (FHA|USDA|VA) 17 $2,635,000 $155,000 $2,666 3.81%
    Pullman, WA (FHA|USDA|VA) 12 $2,360,000 $196,667 $2,808 3.59%
    Oak Harbor, WA (FHA|USDA|VA) 19 $2,285,000 $120,263 $2,787 3.74%
    LEWISTON, ID-WA (FHA|USDA|VA) 7 $1,595,000 $227,857 $5,742 3.32%
    Shelton, WA (FHA|USDA|VA) 7 $1,125,000 $160,714 $4,247 3.43%
    BELLINGHAM, WA (FHA|USDA|VA) 6 $1,090,000 $181,667 $2,588 3.64%
    Moscow, ID (FHA|USDA|VA) 4 $930,000 $232,500 $4,322 3.50%
    BEND, OR (FHA|USDA|VA) 2 $790,000 $395,000 $7,090 3.25%
    LONGVIEW, WA (FHA|USDA|VA) 6 $780,000 $130,000 $2,650 4.09%
    La Grande, OR (FHA|USDA|VA) 2 $520,000 $260,000 $5,696 4.94%
    SALEM, OR (FHA|USDA|VA) 1 $515,000 $515,000 $8,464 3.00%
    Port Angeles, WA (FHA|USDA|VA) 9 $485,000 $53,889 $0 4.08%
    Hood River, OR (FHA|USDA|VA) 1 $425,000 $425,000 $6,913 2.88%
    Aberdeen, WA (FHA|USDA|VA) 3 $345,000 $115,000 $2,139 3.58%
    Astoria, OR (FHA|USDA|VA) 1 $245,000 $245,000 $5,057 4.38%
    Newport, OR (FHA|USDA|VA) 1 $175,000 $175,000 $4,289 3.88%
    Gesa's top markets include Kennewick, Seattle, Spokane, Yakima, and Moses Lake among others.

    Their top states include:
  • Washington (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)

    • 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.

    SPOKANE FIREFIGHTERS CREDIT UNION
    Similarity Rank: 231
    TRISTAR FINANCE, INC.
    Similarity Rank: 378
    People's Community Federal Credit Union
    Similarity Rank: 434
    CASTPARTS EMPLOYEES
    Similarity Rank: 524
    OREGONIANS CREDIT UNION
    Similarity Rank: 948
    LOANSNAP, INC.
    Similarity Rank: 1106
    Pacific NW Federal Credit Union
    Similarity Rank: 1344
    Wauna Federal Credit Union
    Similarity Rank: 1644
    COAST 2 COAST FUNDING GROUP, INC.
    Similarity Rank: 1653
    INROADS
    Similarity Rank: 1680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,847 $629,855,000 $221,235 $4,251 3.42%
    HELOC 529 $51,795,000 $97,911 n/a 4.10%
    FHA 25 $6,405,000 $256,200 $9,635 3.42%
    VA 24 $6,390,000 $266,250 $7,506 3.49%

    For 2020, Gesa's most frequently originated type of loan was Conventional, with 2,847 originations. Their 2nd most popular type was HELOC, with 529 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 925 $208,265,000 $225,151 $4,149 3.19%
    Home Purchase 841 $231,175,000 $274,881 $5,898 3.35%
    Cash Out Refi 663 $171,705,000 $258,982 $5,124 3.27%
    Home Improvement 642 $49,520,000 $77,134 $268 4.11%
    Other 354 $33,780,000 $95,424 $517 4.24%

    For 2020, Gesa's most frequently cited loan purpose was Refi, with 925 originations. The 2nd most popular reason was Home Purchase, with 841 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,523 $409,805,000 $269,077 $5,564 3.30%
    15 Year 975 $147,095,000 $150,867 $2,886 3.74%
    Other 333 $38,945,000 $116,952 $3,692 3.96%
    10 Year 319 $39,325,000 $123,276 $1,110 3.71%
    20 Year 192 $43,600,000 $227,083 $4,697 3.13%
    5 Year 78 $10,040,000 $128,718 $7 3.66%
    3 Year 3 $4,925,000 $1,641,667 $0 3.64%
    30+ year 2 $710,000 $355,000 $10,790 3.00%

    For 2020, Gesa's most frequently cited loan duration was 30 Year, with 1,523 originations. The 2nd most popular length was 15 Year, with 975 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 699 $62,195,000 $88,977
    $2k-3k 685 $126,035,000 $183,993
    $3k-4k 648 $167,720,000 $258,827
    $4k-5k 298 $97,240,000 $326,309
    $5k+ 271 $116,045,000 $428,210
    $1k-2k 223 $27,815,000 $124,731

    Gesa's average total fees were $5,564, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 699 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,755 $357,305,000 $203,593
    2.5-3% 829 $205,835,000 $248,293
    4-5% 562 $69,060,000 $122,883
    <2.5% 187 $55,135,000 $294,840
    5-6% 68 $5,160,000 $75,882
    6-7% 18 $1,570,000 $87,222
    7-8% 6 $380,000 $63,333

    During 2020, Gesa's average interest rate for loans was 3.30%, while their most frequently originated rate bucket for loans was 3-4%, with 1,755 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,304 $353,950,000 $271,434 $5,489 3.23%
    $100k-200k 953 $143,675,000 $150,761 $3,560 3.47%
    $100,000 or less 923 $50,545,000 $54,762 $729 4.11%
    $400k-600k 203 $94,875,000 $467,365 $8,070 3.16%
    $600k-1MM 29 $20,525,000 $707,759 $11,287 3.09%
    $1MM+ 13 $30,875,000 $2,375,000 $13,747 2.35%

    2020 saw Gesa place emphasis on $200k-400k loans with 1,304 originations, totaling $353,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 823 $164,995,000 $200,480 $4,418 3.61%
    $50k-75k 762 $139,440,000 $182,992 $4,311 3.46%
    $75k-100k 663 $131,225,000 $197,926 $4,515 3.50%
    $150k-250k 561 $120,935,000 $215,570 $4,319 3.63%
    $50k or less 455 $66,735,000 $146,670 $3,846 3.41%
    $250k+ 120 $31,360,000 $261,333 $5,261 3.66%

    Gesa lent most frequently to those with incomes in the $100k-150k range, with 823 originations. The second most popular income band? $50k-75k, with 762 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 783 $144,375,000 $184,387 $4,025 3.51%
    30-36% 651 $128,895,000 $197,995 $4,423 3.52%
    <20% 296 $50,720,000 $171,351 $3,919 3.42%
    44% 207 $39,525,000 $190,942 $4,309 3.61%
    42% 160 $33,890,000 $211,813 $4,887 3.60%
    40% 146 $26,930,000 $184,452 $4,259 3.63%
    41% 145 $28,295,000 $195,138 $4,326 3.69%
    43% 142 $27,220,000 $191,690 $4,273 3.66%
    38% 139 $27,445,000 $197,446 $4,534 3.58%
    39% 135 $26,585,000 $196,926 $4,384 3.53%
    36% 122 $24,100,000 $197,541 $4,520 3.54%
    37% 121 $24,755,000 $204,587 $4,464 3.43%
    49% 66 $15,260,000 $231,212 $5,201 3.34%
    45% 56 $11,160,000 $199,286 $5,276 3.49%
    46% 56 $12,550,000 $224,107 $4,857 3.35%
    48% 50 $12,140,000 $242,800 $5,023 3.35%
    47% 47 $9,055,000 $192,660 $4,617 3.41%
    50-60% 45 $7,115,000 $158,111 $3,110 4.07%
    >60% 8 $1,090,000 $136,250 $1,847 3.79%

    Gesa lent most frequently to those with DTI ratios of 20-30%, with 783 originations. The next most common DTI ratio? 30-36%, with 651 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,745 $535,685,000 $195,149 $4,376 3.52%
    Not provided 500 $92,780,000 $185,560 $4,208 3.58%
    Not applicable 33 $38,555,000 $1,168,333 $0 2.70%
    Asian 67 $13,585,000 $202,761 $3,851 3.56%
    American Indian 32 $5,950,000 $185,938 $4,064 3.67%
    Black 36 $5,320,000 $147,778 $3,078 3.74%
    Native Hawaiian or Islander 8 $1,960,000 $245,000 $6,181 3.43%
    Filipino 2 $270,000 $135,000 $2,818 4.06%
    Other Asian 1 $265,000 $265,000 $5,665 2.88%
    Vietnamese 1 $75,000 $75,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    84.42%

    Gesa has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    67.36%

    Gesa 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 3,425 $694,445,000 $202,758

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 23 $35,615,000 $1,548,478
    Single Family (1-4 Units):Manufactured 161 $26,205,000 $162,764
    Single Family (1-4 Units):Site-Built 3,241 $632,625,000 $195,194

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 439 $57,745,000 $131,538 $2,041 3.84%
    40-60% 477 $100,175,000 $210,010 $4,413 3.16%
    60-80% 936 $267,170,000 $285,438 $5,316 3.24%
    80-100% 781 $222,475,000 $284,859 $5,707 3.30%
    Over 100% 6 $1,600,000 $266,667 $11,400 3.33%
    Under 20% 783 $45,015,000 $57,490 $165 4.14%