Gvc Mortgage Rates, Fees & Info

Pendleton, IN

LEI: 54930077D8KXQADF5Q23

Tax ID: 35-1985128

3.9 stars - Updated: 3/17/24 - out of 5 stars, based on 65 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Gvc Mortgage is a smaller mortgage company specializing in Home Purchase 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% 3/17/24
30 Year Conventional Refi 6.78% 3/17/24
30 Year Cash-out Refi 7.07% 3/17/24
30 Year FHA Purchase 7.83% 3/17/24
30 Year FHA Refi 7.34% 3/17/24
30 Year VA Purchase 6.65% 3/17/24
30 Year VA Refi 6.27% 3/17/24
30 Year USDA Purchase 7.23% 3/17/24
30 Year USDA Refi 6.27% 3/17/24
15 Year Conventional Purchase 6.36% 3/17/24
15 Year Conventional Refi 6.24% 3/17/24
15 Year Cash-out Refi 6.24% 3/17/24
15 Year FHA Purchase 7.98% 3/17/24
15 Year FHA Refi 7.61% 3/17/24
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.

Gvc Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Gvc Mortgage. 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

4,284

Origination Dollar Volume (All Markets)

$932,520,000
Show all (6) awards

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, KY (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%
Gvc Mortgage's top markets include Indianapolis, Fort Wayne, Adrian, Kokomo, and Muncie among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • 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.

    Bay Area Credit Union, Inc.
    Similarity Rank: 18
    EVANSVILLE
    Similarity Rank: 21
    Security Federal Savings Bank
    Similarity Rank: 91
    BEACON CREDIT UNION
    Similarity Rank: 124
    First Federal Savings Bank
    Similarity Rank: 144
    Longview Bank & Trust
    Similarity Rank: 171
    Mutual Savings Bank
    Similarity Rank: 176
    BOONVILLE FEDERAL SAVINGS BANK
    Similarity Rank: 204

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,831 $648,025,000 $228,903 $4,347 5.41%
    FHA 938 $179,060,000 $190,896 $8,122 5.51%
    USDA 280 $41,860,000 $149,500 $5,164 5.41%
    VA 235 $63,575,000 $270,532 $7,235 5.15%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,845 $856,275,000 $222,698 $5,497 5.50%
    Cash Out Refi 291 $52,645,000 $180,911 $4,972 4.89%
    Refi 148 $23,600,000 $159,459 $3,628 4.22%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,097 $894,265,000 $218,273 $5,457 5.47%
    15 Year 147 $30,115,000 $204,864 $3,991 4.16%
    20 Year 31 $6,715,000 $216,613 $4,289 5.06%
    Other 6 $1,160,000 $193,333 $4,601 4.58%
    10 Year 3 $265,000 $88,333 $1,887 3.21%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,275 $293,255,000 $230,004
    $3k-4k 859 $164,855,000 $191,915
    $2k-3k 830 $152,530,000 $183,771
    $5k+ 489 $149,535,000 $305,798
    $4k-5k 447 $105,135,000 $235,201
    $<1k 337 $61,865,000 $183,576

    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

    Loan Rate Originations Total Value Average Loan
    5-6% 1,533 $349,005,000 $227,661
    6-7% 965 $199,595,000 $206,834
    4-5% 824 $176,580,000 $214,296
    3-4% 615 $138,535,000 $225,260
    7-8% 306 $56,070,000 $183,235
    2.5-3% 34 $10,550,000 $310,294
    <2.5% 7 $2,185,000 $312,143

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,855 $281,355,000 $151,674 $4,860 5.48%
    $200k-400k 1,728 $466,750,000 $270,110 $6,112 5.36%
    $100,000 or less 397 $31,095,000 $78,325 $3,713 5.55%
    $400k-600k 258 $121,070,000 $469,264 $6,600 5.19%
    $600k-1MM 44 $29,630,000 $673,409 $6,968 5.43%
    $1MM+ 2 $2,620,000 $1,310,000 $5,600 3.13%

    2022 saw Gvc Mortgage place emphasis on $100k-200k loans with 1,855 originations, totaling $281,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,330 $247,350,000 $185,977 $5,343 5.46%
    $50k or less 995 $131,335,000 $131,995 $4,476 5.34%
    $75k-100k 798 $183,610,000 $230,088 $5,887 5.49%
    $100k-150k 719 $204,435,000 $284,332 $5,992 5.40%
    $150k-250k 329 $119,295,000 $362,599 $5,759 5.36%
    $250k+ 112 $46,380,000 $414,107 $6,000 5.35%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 822 $172,210,000 $209,501 $5,167 5.44%
    20-30% 736 $154,110,000 $209,389 $4,642 5.22%
    44% 237 $54,995,000 $232,046 $6,262 5.41%
    42% 220 $48,570,000 $220,773 $5,748 5.55%
    40% 211 $44,995,000 $213,246 $5,497 5.59%
    38% 211 $44,355,000 $210,213 $5,345 5.48%
    <20% 202 $39,340,000 $194,752 $3,958 5.11%
    39% 201 $42,575,000 $211,816 $5,264 5.47%
    41% 198 $43,230,000 $218,333 $5,761 5.34%
    37% 194 $41,730,000 $215,103 $5,444 5.41%
    43% 193 $43,185,000 $223,756 $5,920 5.56%
    49% 164 $37,790,000 $230,427 $6,701 5.56%
    36% 143 $32,505,000 $227,308 $5,109 5.39%
    48% 135 $33,695,000 $249,593 $5,792 5.60%
    45% 133 $31,805,000 $239,135 $5,682 5.56%
    47% 127 $31,165,000 $245,394 $5,567 5.49%
    46% 106 $24,980,000 $235,660 $6,494 5.39%
    50-60% 50 $11,170,000 $223,400 $8,922 5.82%
    >60% 1 $115,000 $115,000 $3,603 3.75%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,778 $808,690,000 $214,052 $5,341 5.42%
    Not provided 223 $55,555,000 $249,126 $5,240 5.17%
    Black 192 $44,080,000 $229,583 $6,831 5.66%
    Asian 77 $21,065,000 $273,571 $5,085 5.27%
    American Indian 11 $2,275,000 $206,818 $4,678 5.42%
    Other Asian 1 $495,000 $495,000 $4,329 5.50%
    Native Hawaiian or Islander 2 $360,000 $180,000 $6,589 6.56%

    Approval Rates

    Total approvals of all applications
    96.33%

    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 origination
    78.71%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,284 $932,520,000 $217,675

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 66 $6,530,000 $98,939 $3,058 5.17%
    40-60% 200 $33,390,000 $166,950 $3,993 5.04%
    60-80% 881 $196,735,000 $223,309 $4,736 5.32%
    80-100% 3,076 $677,840,000 $220,364 $5,576 5.48%
    Over 100% 60 $17,920,000 $298,667 $12,723 5.20%
    Under 20% 1 $105,000 $105,000 $2,800 4.13%