Great Plains Federal Credit Un Mortgage Rates, Fees & Info
Joplin, MOLEI: 5493001HOQL7ZEKTRZ55
Tax ID: 48-6105171
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Mortgage Data
Review & Overview
Great Plains Federal Credit Un is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Great Plains Federal Credit Un has a high proportion of conventional loans. Their top markets by origination volume include: Salina, Mcpherson, Coffeyville, Joplin, and Wichita among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Great Plains Federal Credit Un 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. Great Plains Federal Credit Un 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.
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Originations
72Origination Dollar Volume (All Markets)
$4,810,000Awards
Great Plains Federal Credit Un - 2018
Great Plains Federal Credit Un is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 30 | $1,980,000 | $66,000 | $1,649 | 5.33% |
| Salina, KS (FHA|USDA|VA) | 11 | $705,000 | $64,091 | $1,916 | 7.48% |
| McPherson, KS (FHA|USDA|VA) | 11 | $535,000 | $48,636 | $2,200 | 5.07% |
| Coffeyville, KS (FHA|USDA|VA) | 8 | $520,000 | $65,000 | $1,719 | 4.42% |
| JOPLIN, MO (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $2,537 | 4.35% |
| WICHITA, KS (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $2,109 | 4.73% |
| MANHATTAN, KS (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $1,599 | 5.13% |
| Parsons, KS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,669 | 4.67% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.50% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.25% |
| Miami, OK (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 11.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 52 | $4,130,000 | $79,423 | $1,834 | 5.72% |
| HELOC | 20 | $680,000 | $34,000 | n/a | 5.03% |
For 2018, Great Plains Federal Credit Un's most frequently originated type of loan was Conventional, with 52 originations. Their 2nd most popular type was HELOC, with 20 originations.
Loan Reason
For 2018, Great Plains Federal Credit Un's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Loan Duration/Length
For 2018, Great Plains Federal Credit Un's most frequently cited loan duration was Other, with 31 originations. The 2nd most popular length was 15 Year, with 11 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 33 | $2,725,000 | $82,576 |
| $1k-2k | 6 | $1,120,000 | $186,667 |
Great Plains Federal Credit Un's average total fees were $2,043, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 33 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 46 | $4,000,000 | $86,957 |
| 5-6% | 12 | $370,000 | $30,833 |
| 7-8% | 6 | $110,000 | $18,333 |
| Over 8% | 5 | $75,000 | $15,000 |
| 3-4% | 2 | $190,000 | $95,000 |
| 6-7% | 1 | $65,000 | $65,000 |
During 2018, Great Plains Federal Credit Un's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 46 originations.
Loan Sizing
2018 saw Great Plains Federal Credit Un place emphasis on $100,000 or less loans with 57 originations, totaling $2,445,000 in origination value.
Applicant Income
Great Plains Federal Credit Un lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $50k-75k, with 21 originations.
Applicant Debt to Income Ratio
Great Plains Federal Credit Un lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? <20%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.87%
Great Plains Federal Credit Un has a below average approval rate.
Pick Rate
Approvals leading to origination68.06%
Great Plains Federal Credit Un 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 | 72 | $4,810,000 | $66,806 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 11 | $185,000 | $16,818 |
| Single Family (1-4 Units):Site-Built | 61 | $4,625,000 | $75,820 |