Gvc Mortgage Rates, Fees & Info
Pendleton, INLEI: 54930077D8KXQADF5Q23
Tax ID: 35-1985128
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Mortgage Data
Overview
Gvc Mortgage is a small mortgage company specializing in Home Purchase loans. Gvc Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Indianapolis, Fort Wayne, Adrian, Muncie, and Kokomo among others. Gvc Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Gvc Mortgage is typically an average fee lendor.Originations
6,685Origination Dollar Volume (All Markets)
$1,330,395,000Awards
GVC MORTGAGE - 2021
GVC MORTGAGE is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Gvc Mortgage 's average 30 year fixed rate mortgage of loans were
3.32%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.17%.
Relative Fees
Gvc Mortgage 's average total fees for a 30 year fixed rate
mortgage are $4,084.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3,937 | $856,655,000 | $217,591 | $3,621 | 3.20% |
| FORT WAYNE, IN (FHA|USDA|VA) | 277 | $53,575,000 | $193,412 | $3,648 | 3.29% |
| Outside of Metro Areas | 278 | $41,990,000 | $151,043 | $3,951 | 3.49% |
| Adrian, MI (FHA|USDA|VA) | 255 | $40,225,000 | $157,745 | $5,471 | 3.39% |
| MUNCIE, IN (FHA|USDA|VA) | 237 | $32,815,000 | $138,460 | $3,596 | 3.37% |
| KOKOMO, IN (FHA|USDA|VA) | 182 | $26,610,000 | $146,209 | $4,585 | 3.37% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 124 | $24,940,000 | $201,129 | $4,891 | 3.22% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 100 | $19,850,000 | $198,500 | $3,619 | 3.26% |
| Greensburg, IN (FHA|USDA|VA) | 104 | $16,950,000 | $162,981 | $3,595 | 3.35% |
| COLUMBUS, IN (FHA|USDA|VA) | 86 | $16,720,000 | $194,419 | $4,140 | 3.29% |
| Angola, IN (FHA|USDA|VA) | 83 | $15,175,000 | $182,831 | $3,688 | 3.35% |
| TOLEDO, OH (FHA|USDA|VA) | 88 | $14,550,000 | $165,341 | $5,226 | 3.33% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 88 | $14,080,000 | $160,000 | $4,940 | 3.42% |
| Seymour, IN (FHA|USDA|VA) | 74 | $13,730,000 | $185,541 | $4,460 | 3.30% |
| New Castle, IN (FHA|USDA|VA) | 75 | $11,685,000 | $155,800 | $4,241 | 3.34% |
| Auburn, IN (FHA|USDA|VA) | 61 | $10,705,000 | $175,492 | $3,312 | 3.30% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 54 | $10,420,000 | $192,963 | $3,934 | 3.22% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 34 | $8,220,000 | $241,765 | $6,063 | 3.34% |
| Crawfordsville, IN (FHA|USDA|VA) | 35 | $5,925,000 | $169,286 | $3,455 | 3.20% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 34 | $5,410,000 | $159,118 | $3,898 | 3.32% |
| MONROE, MI (FHA|USDA|VA) | 22 | $4,600,000 | $209,091 | $5,362 | 3.31% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 16 | $4,390,000 | $274,375 | $5,375 | 3.15% |
| Kendallville, IN (FHA|USDA|VA) | 24 | $4,180,000 | $174,167 | $4,515 | 3.41% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 21 | $4,055,000 | $193,095 | $5,567 | 3.37% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 18 | $3,490,000 | $193,889 | $4,570 | 3.24% |
| Huntington, IN (FHA|USDA|VA) | 21 | $3,475,000 | $165,476 | $3,540 | 3.46% |
| Warsaw, IN (FHA|USDA|VA) | 11 | $3,345,000 | $304,091 | $5,820 | 3.24% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 14 | $3,080,000 | $220,000 | $3,344 | 3.20% |
| JACKSON, MI (FHA|USDA|VA) | 19 | $3,065,000 | $161,316 | $6,418 | 3.45% |
| Bluffton, IN (FHA|USDA|VA) | 13 | $2,465,000 | $189,615 | $2,658 | 3.34% |
| MUSKEGON, MI (FHA|USDA|VA) | 16 | $2,350,000 | $146,875 | $5,343 | 3.66% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 7 | $2,245,000 | $320,714 | $4,947 | 3.25% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 12 | $2,200,000 | $183,333 | $4,362 | 3.26% |
| ANN ARBOR, MI (FHA|USDA|VA) | 8 | $2,200,000 | $275,000 | $4,889 | 3.11% |
| North Vernon, IN (FHA|USDA|VA) | 13 | $2,175,000 | $167,308 | $3,785 | 3.34% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 12 | $1,870,000 | $155,833 | $3,488 | 3.47% |
| Bedford, IN (FHA|USDA|VA) | 12 | $1,750,000 | $145,833 | $3,965 | 3.31% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $1,730,000 | $288,333 | $3,310 | 2.90% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 9 | $1,715,000 | $190,556 | $4,313 | 3.33% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 9 | $1,675,000 | $186,111 | $4,937 | 3.38% |
| Richmond, IN (FHA|USDA|VA) | 9 | $1,635,000 | $181,667 | $5,043 | 3.22% |
| Hillsdale, MI (FHA|USDA|VA) | 10 | $1,590,000 | $159,000 | $6,008 | 3.46% |
| Jasper, IN (FHA|USDA|VA) | 10 | $1,540,000 | $154,000 | $5,939 | 3.49% |
| Logansport, IN (FHA|USDA|VA) | 9 | $1,465,000 | $162,778 | $5,403 | 3.22% |
| Coldwater, MI (FHA|USDA|VA) | 11 | $1,385,000 | $125,909 | $3,720 | 3.08% |
| Decatur, IN (FHA|USDA|VA) | 9 | $1,375,000 | $152,778 | $4,145 | 3.21% |
| Marion, IN (FHA|USDA|VA) | 9 | $1,375,000 | $152,778 | $3,094 | 3.32% |
| Sturgis, MI (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $3,299 | 3.45% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 6 | $1,280,000 | $213,333 | $4,350 | 3.27% |
| Holland, MI (FHA|USDA|VA) | 8 | $1,250,000 | $156,250 | $4,863 | 3.61% |
| Peru, IN (FHA|USDA|VA) | 10 | $1,170,000 | $117,000 | $4,064 | 3.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $3,454 | 3.00% |
| Wabash, IN (FHA|USDA|VA) | 7 | $1,115,000 | $159,286 | $3,521 | 3.29% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $5,632 | 3.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $3,240 | 3.35% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $3,147 | 2.96% |
| Madisonville, KY (FHA|USDA|VA) | 7 | $845,000 | $120,714 | $4,173 | 3.45% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $2,583 | 3.21% |
| AKRON, OH (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $4,286 | 3.33% |
| Connersville, IN (FHA|USDA|VA) | 5 | $585,000 | $117,000 | $3,964 | 3.38% |
| NILES, MI (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $3,039 | 3.25% |
| Scottsburg, IN (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $4,277 | 3.46% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,849 | 3.50% |
| Frankfort, IN (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $3,742 | 3.44% |
| Plymouth, IN (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,400 | 3.19% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,881 | 3.94% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,597 | 3.38% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $4,369 | 3.38% |
| Vincennes, IN (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $3,478 | 3.25% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,653 | 3.63% |
| Big Rapids, MI (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $4,479 | 3.75% |
| Fremont, OH (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $8,921 | 3.63% |
| OWENSBORO, KY (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,808 | 3.88% |
| Madison, IN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,602 | 3.56% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,244 | 3.63% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,224 | 3.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,547 | 3.63% |
| Central City, KY (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $1,819 | 3.88% |
| Danville, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,409 | 2.99% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,510 | 3.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 3.63% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,830 | 2.63% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,888 | 3.50% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,657 | 2.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,190 | 3.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,142 | 3.50% |
| Norwalk, OH (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $4,200 | 3.50% |
| FLINT, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,071 | 2.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,249 | 3.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,995 | 3.38% |
| Marquette, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,418 | 3.38% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,356 | 3.88% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,365 | 2.99% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,133 | 3.13% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,874 | 3.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,294 | 3.25% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,212 | 3.49% |
| Wooster, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,217 | 2.88% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,160 | 3.25% |
Gvc Mortgage 's top markets include Indianapolis, Fort Wayne, Adrian, Muncie, and Kokomo among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 4,659 | $966,695,000 | $207,490 | $3,066 | 3.21% |
| FHA | 1,206 | $209,560,000 | $173,765 | $6,520 | 3.41% |
| USDA | 468 | $67,740,000 | $144,744 | $4,100 | 3.49% |
| VA | 352 | $86,400,000 | $245,455 | $5,498 | 3.06% |
For the 2021 period, Gvc Mortgage 's most frequently originated loan type of loans were Conventional, with 4,659 originations. Their 2nd most popular type is FHA, with 1,206 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 4,584 | $941,770,000 | $205,447 | $4,319 | 3.34% |
| Refi | 1,351 | $253,345,000 | $187,524 | $2,669 | 2.99% |
| Cash Out Refi | 750 | $135,280,000 | $180,373 | $3,549 | 3.28% |
For the 2021, Gvc Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 4,584 originations. The 2nd most popular reason of loans were Refi, with 1,351 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 5,776 | $1,166,040,000 | $201,877 | $4,084 | 3.32% |
| 15 Year | 517 | $90,285,000 | $174,632 | $2,520 | 2.71% |
| Other | 209 | $41,305,000 | $197,632 | $3,281 | 3.27% |
| 20 Year | 158 | $29,440,000 | $186,329 | $2,645 | 3.07% |
| 10 Year | 25 | $3,325,000 | $133,000 | $2,334 | 2.57% |
For the 2021, Gvc Mortgage 's most frequently cited loan length of loans were 30 Year, with 5,776 originations. The 2nd most popular length of loans were 15 Year, with 517 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 3,345 | $689,795,000 | $206,217 |
| $<1k | 1,347 | $250,205,000 | $185,750 |
| $2k-3k | 986 | $178,540,000 | $181,075 |
| $3k-4k | 783 | $155,935,000 | $199,151 |
| $5k+ | 158 | $46,810,000 | $296,266 |
$4,084 of loans were Gvc Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 3,345 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 4,460 | $855,910,000 | $191,908 |
| 2.5-3% | 1,734 | $385,970,000 | $222,589 |
| <2.5% | 248 | $54,150,000 | $218,347 |
| 4-5% | 243 | $34,365,000 | $141,420 |
During 2021, Gvc Mortgage 's average interest rate of loans were 3.32%, while their most frequently originated rate bucket of loans were 3-4%, with 4,460 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 3,192 | $476,050,000 | $149,138 | $3,745 | 3.30% |
| $200k-400k | 2,415 | $647,995,000 | $268,321 | $4,314 | 3.17% |
| $100,000 or less | 783 | $60,985,000 | $77,886 | $3,082 | 3.42% |
| $400k-600k | 270 | $125,640,000 | $465,333 | $4,144 | 3.09% |
| $600k-1MM | 23 | $16,485,000 | $716,739 | $5,251 | 2.90% |
| $1MM+ | 2 | $3,240,000 | $1,620,000 | $4,053 | 3.25% |
2021 saw Gvc Mortgage place emphasis on $100k-200k loans with 3,192 originations, totaling $476,050,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 1,905 | $347,305,000 | $182,312 | $4,144 | 3.29% |
| $50k or less | 1,900 | $251,270,000 | $132,247 | $3,676 | 3.35% |
| $75k-100k | 1,155 | $256,155,000 | $221,779 | $4,132 | 3.22% |
| $100k-150k | 1,085 | $278,735,000 | $256,899 | $3,794 | 3.19% |
| $150k-250k | 475 | $146,905,000 | $309,274 | $3,688 | 3.15% |
| $250k+ | 95 | $36,935,000 | $388,789 | $3,423 | 3.09% |
Gvc Mortgage lent most frequently to those with incomes in the $50k-75k range, with 1,905 originations. The second most popular income band? $50k or less, with 1,900 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,585 | $304,805,000 | $192,306 | $3,425 | 3.21% |
| 30-36% | 1,339 | $266,665,000 | $199,152 | $3,931 | 3.28% |
| <20% | 603 | $109,585,000 | $181,733 | $2,873 | 3.09% |
| 44% | 318 | $65,310,000 | $205,377 | $4,581 | 3.35% |
| 42% | 279 | $56,135,000 | $201,201 | $4,500 | 3.38% |
| 39% | 270 | $53,400,000 | $197,778 | $4,143 | 3.33% |
| 40% | 268 | $53,740,000 | $200,522 | $4,556 | 3.36% |
| 37% | 259 | $53,095,000 | $205,000 | $3,960 | 3.34% |
| 43% | 254 | $50,970,000 | $200,669 | $4,258 | 3.33% |
| 36% | 252 | $53,520,000 | $212,381 | $4,220 | 3.31% |
| 38% | 245 | $48,265,000 | $197,000 | $4,112 | 3.34% |
| 41% | 235 | $48,755,000 | $207,468 | $4,307 | 3.31% |
| 45% | 148 | $30,890,000 | $208,716 | $3,976 | 3.27% |
| 49% | 147 | $30,095,000 | $204,728 | $5,124 | 3.28% |
| 48% | 128 | $27,780,000 | $217,031 | $4,192 | 3.28% |
| 46% | 113 | $24,215,000 | $214,292 | $4,396 | 3.30% |
| 47% | 107 | $24,375,000 | $227,804 | $4,776 | 3.20% |
| >60% | 99 | $20,245,000 | $204,495 | $2,896 | 2.71% |
| 50-60% | 36 | $8,550,000 | $237,500 | $6,298 | 3.14% |
Gvc Mortgage lent most frequently to those with DTI ratios of 20-30%, with 1,585 originations. The next most common DTI ratio? 30-36%, with 1,339 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 5,896 | $1,155,710,000 | $196,016 | $3,895 | 3.26% |
| Not provided | 392 | $90,550,000 | $230,995 | $3,560 | 3.19% |
| Black | 225 | $44,035,000 | $195,711 | $4,539 | 3.32% |
| Asian | 149 | $35,945,000 | $241,242 | $3,860 | 3.18% |
| American Indian | 16 | $2,590,000 | $161,875 | $3,447 | 3.16% |
| Native Hawaiian | 7 | $1,565,000 | $223,571 | $5,185 | 3.43% |
Approval Rates
Total approvals of all applications98.14%
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 origination81.36%
Gvc Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,685 | $1,330,395,000 | $199,012 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6,685 | $1,330,395,000 | $199,012 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 113 | $12,255,000 | $108,451 | $2,283 | 3.01% |
| 40-60% | 538 | $84,190,000 | $156,487 | $2,473 | 2.97% |
| 60-80% | 1,892 | $386,400,000 | $204,228 | $3,142 | 3.22% |
| 80-100% | 4,045 | $822,555,000 | $203,351 | $4,337 | 3.32% |
| Over 100% | 96 | $24,930,000 | $259,688 | $9,820 | 3.18% |
| Under 20% | 1 | $65,000 | $65,000 | $2,961 | 2.49% |
