Gvc Mortgage Rates, Fees & Info
Pendleton, INLEI: 54930077D8KXQADF5Q23
Tax ID: 35-1985128
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Mortgage Data
Review & Overview
Gvc Mortgage is a smaller mortgage company specializing in loans. Gvc Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Indianapolis, Fort Wayne, Adrian, Kokomo, and Muncie among others. We have data for 93 markets. (Some data included below & more in-depth data is available with an active subscription.)Gvc Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Gvc Mortgage 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.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 7.05% | 3/23/23 |
| 30 Year Conventional Refi | 6.78% | 3/23/23 |
| 30 Year Cash-out Refi | 7.07% | 3/23/23 |
| 30 Year FHA Purchase | 7.83% | 3/23/23 |
| 30 Year FHA Refi | 7.34% | 3/23/23 |
| 30 Year VA Purchase | 6.65% | 3/23/23 |
| 30 Year VA Refi | 6.27% | 3/23/23 |
| 30 Year USDA Purchase | 7.23% | 3/23/23 |
| 30 Year USDA Refi | 6.27% | 3/23/23 |
| 15 Year Conventional Purchase | 6.36% | 3/23/23 |
| 15 Year Conventional Refi | 6.24% | 3/23/23 |
| 15 Year Cash-out Refi | 6.24% | 3/23/23 |
| 15 Year FHA Purchase | 7.98% | 3/23/23 |
| 15 Year FHA Refi | 7.61% | 3/23/23 |
| 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. | ||
Originations
4,284Origination Dollar Volume (All Markets)
$932,520,000Awards
GVC MORTGAGE - 2022
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For 2022, less than of lenders were eligible for this award.
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Relative Rate
Gvc Mortgage's average 30 year fixed mortgage rate was
5.47%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.71%.
Relative Fees (Closing Costs)
Gvc Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,457.
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 $4,750.
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 |
|---|---|---|---|---|---|
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2,255 | $554,515,000 | $245,905 | $5,246 | 5.38% |
| FORT WAYNE, IN (FHA|USDA|VA) | 230 | $47,450,000 | $206,304 | $5,001 | 5.33% |
| Outside of Metro Areas | 211 | $33,675,000 | $159,597 | $5,224 | 5.48% |
| Adrian, MI (FHA|USDA|VA) | 169 | $28,475,000 | $168,491 | $6,900 | 5.47% |
| KOKOMO, IN (FHA|USDA|VA) | 131 | $20,165,000 | $153,931 | $5,152 | 5.50% |
| MUNCIE, IN (FHA|USDA|VA) | 136 | $19,810,000 | $145,662 | $4,701 | 5.64% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 60 | $14,320,000 | $238,667 | $5,091 | 4.95% |
| COLUMBUS, IN (FHA|USDA|VA) | 73 | $14,095,000 | $193,082 | $5,384 | 5.43% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 66 | $13,390,000 | $202,879 | $5,170 | 5.37% |
| Crawfordsville, IN (FHA|USDA|VA) | 63 | $11,615,000 | $184,365 | $5,350 | 5.63% |
| Seymour, IN (FHA|USDA|VA) | 60 | $11,190,000 | $186,500 | $5,290 | 5.42% |
| TOLEDO, OH (FHA|USDA|VA) | 62 | $11,030,000 | $177,903 | $5,704 | 5.66% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 41 | $10,805,000 | $263,537 | $5,744 | 5.35% |
| New Castle, IN (FHA|USDA|VA) | 55 | $9,895,000 | $179,909 | $4,974 | 5.62% |
| Auburn, IN (FHA|USDA|VA) | 50 | $9,120,000 | $182,400 | $5,729 | 5.51% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 50 | $8,860,000 | $177,200 | $4,897 | 5.66% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 39 | $7,005,000 | $179,615 | $6,275 | 5.35% |
| Angola, IN (FHA|USDA|VA) | 36 | $6,780,000 | $188,333 | $4,127 | 5.87% |
| Greensburg, IN (FHA|USDA|VA) | 35 | $5,755,000 | $164,429 | $4,468 | 5.42% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 17 | $5,605,000 | $329,706 | $6,476 | 5.63% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 27 | $5,455,000 | $202,037 | $6,679 | 5.80% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 22 | $5,220,000 | $237,273 | $7,843 | 5.49% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 34 | $5,130,000 | $150,882 | $5,773 | 5.54% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 22 | $4,670,000 | $212,273 | $7,812 | 5.68% |
| Kendallville, IN (FHA|USDA|VA) | 26 | $4,140,000 | $159,231 | $4,975 | 6.11% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 16 | $3,870,000 | $241,875 | $8,359 | 4.89% |
| Warsaw, IN (FHA|USDA|VA) | 13 | $3,165,000 | $243,462 | $4,573 | 5.05% |
| North Vernon, IN (FHA|USDA|VA) | 15 | $2,755,000 | $183,667 | $5,784 | 5.03% |
| Peru, IN (FHA|USDA|VA) | 14 | $2,600,000 | $185,714 | $4,854 | 5.01% |
| RICHMOND, VA (FHA|USDA|VA) | 7 | $2,565,000 | $366,429 | $4,042 | 5.10% |
| JACKSON, MI (FHA|USDA|VA) | 12 | $2,510,000 | $209,167 | $8,562 | 5.19% |
| Coldwater, MI (FHA|USDA|VA) | 10 | $2,100,000 | $210,000 | $6,750 | 5.28% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $1,980,000 | $495,000 | $16,817 | 6.01% |
| Hillsdale, MI (FHA|USDA|VA) | 12 | $1,910,000 | $159,167 | $6,147 | 5.80% |
| Connersville, IN (FHA|USDA|VA) | 10 | $1,910,000 | $191,000 | $5,563 | 5.77% |
| MONROE, MI (FHA|USDA|VA) | 6 | $1,810,000 | $301,667 | $9,958 | 5.54% |
| Bluffton, IN (FHA|USDA|VA) | 9 | $1,765,000 | $196,111 | $3,850 | 5.36% |
| Marion, IN (FHA|USDA|VA) | 10 | $1,700,000 | $170,000 | $3,735 | 5.42% |
| Decatur, IN (FHA|USDA|VA) | 10 | $1,600,000 | $160,000 | $5,798 | 5.59% |
| Huntington, IN (FHA|USDA|VA) | 11 | $1,575,000 | $143,182 | $4,222 | 5.40% |
| Scottsburg, IN (FHA|USDA|VA) | 7 | $1,545,000 | $220,714 | $7,226 | 4.57% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $8,556 | 5.38% |
| Frankfort, IN (FHA|USDA|VA) | 9 | $1,395,000 | $155,000 | $4,343 | 5.06% |
| Logansport, IN (FHA|USDA|VA) | 8 | $1,230,000 | $153,750 | $5,563 | 5.04% |
| Jasper, IN (FHA|USDA|VA) | 7 | $1,205,000 | $172,143 | $5,644 | 5.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $3,891 | 4.63% |
| Holland, MI (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $6,325 | 5.84% |
| MIDLAND, MI (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $7,164 | 5.93% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $4,551 | 3.75% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 7 | $1,005,000 | $143,571 | $4,634 | 5.60% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $3,179 | 3.96% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $9,971 | 5.38% |
| Richmond, IN (FHA|USDA|VA) | 7 | $865,000 | $123,571 | $4,222 | 5.57% |
| Sturgis, MI (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $6,601 | 5.37% |
| Wabash, IN (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $4,097 | 5.42% |
| Greeneville, TN (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $7,480 | 6.69% |
| Madison, IN (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $2,986 | 5.75% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $5,195 | 5.33% |
| OWENSBORO, KY (FHA|USDA|VA) | 6 | $630,000 | $105,000 | $4,654 | 5.08% |
| Bedford, IN (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $5,151 | 5.23% |
| Big Rapids, MI (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $5,904 | 6.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $11,464 | 5.06% |
| OCALA, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $10,769 | 5.94% |
| NILES, MI (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $7,731 | 4.66% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $5,408 | 3.75% |
| AKRON, OH (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,222 | 4.23% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $6,999 | 3.50% |
| Washington, IN (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,469 | 5.75% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $18,104 | 5.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,410 | 5.44% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $16,974 | 5.63% |
| Plymouth, IN (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,211 | 4.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $13,391 | 5.13% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,767 | 5.98% |
| Madisonville, KY (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $5,915 | 5.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,998 | 6.75% |
| MUSKEGON, MI (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $5,353 | 4.58% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $16,568 | 7.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,818 | 5.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,986 | 5.63% |
| Fremont, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,483 | 6.13% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $14,547 | 7.13% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,074 | 5.13% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,896 | 5.08% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,408 | 6.63% |
| Tiffin, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $5,880 | 6.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,774 | 5.13% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 7.63% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,631 | 4.25% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,774 | 3.98% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,286 | 7.13% |
| Van Wert, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,222 | 6.88% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $7,917 | 5.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against GVC MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2022, Gvc Mortgage's most frequently originated type of loan was Conventional, with 2,831 originations. Their 2nd most popular type was FHA, with 938 originations.
Loan Reason
For 2022, Gvc Mortgage's most frequently cited loan purpose was Home Purchase, with 3,845 originations. The 2nd most popular reason was Cash Out Refi, with 291 originations.
Loan Duration/Length
For 2022, Gvc Mortgage's most frequently cited loan duration was 30 Year, with 4,097 originations. The 2nd most popular length was 15 Year, with 147 originations.
Origination Fees/Closing Costs
Gvc Mortgage's average total fees were $5,457, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,275 originations.
Interest Rates
During 2022, Gvc Mortgage's average interest rate for loans was 5.47%, while their most frequently originated rate bucket for loans was 5-6%, with 1,533 originations.
Loan Sizing
2022 saw Gvc Mortgage place emphasis on $100k-200k loans with 1,855 originations, totaling $281,355,000 in origination value.
Applicant Income
Gvc Mortgage lent most frequently to those with incomes in the $50k-75k range, with 1,330 originations. The second most popular income band? $50k or less, with 995 originations.
Applicant Debt to Income Ratio
Gvc Mortgage lent most frequently to those with DTI ratios of 30-36%, with 822 originations. The next most common DTI ratio? 20-30%, with 736 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.33%
Gvc Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination78.71%
Gvc Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,284 | $932,520,000 | $217,675 |