Gvc Mortgage Rates, Fees & Info

Pendleton, IN

LEI: 54930077D8KXQADF5Q23

Tax ID: 35-1985128

5 stars - out of 5 stars, based on 82 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

6,685

Origination Dollar Volume (All Markets)

$1,330,395,000
Show all (6) awards

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 applications
98.14%

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 origination
81.36%

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%