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 Home Purchase loans. Gvc Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Indianapolis, Elkhart, Chicago, Adrian, and Kokomo among others. We have data for 63 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 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.
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% | 4/21/24 |
| 30 Year Conventional Refi | 6.78% | 4/21/24 |
| 30 Year Cash-out Refi | 7.07% | 4/21/24 |
| 30 Year FHA Purchase | 7.83% | 4/21/24 |
| 30 Year FHA Refi | 7.34% | 4/21/24 |
| 30 Year VA Purchase | 6.65% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 30 Year USDA Purchase | 7.23% | 4/21/24 |
| 30 Year USDA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.36% | 4/21/24 |
| 15 Year Conventional Refi | 6.24% | 4/21/24 |
| 15 Year Cash-out Refi | 6.24% | 4/21/24 |
| 15 Year FHA Purchase | 7.98% | 4/21/24 |
| 15 Year FHA Refi | 7.61% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,497Origination Dollar Volume (All Markets)
$532,085,000Awards
GVC MORTGAGE - 2018
GVC MORTGAGE 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 |
|---|---|---|---|---|---|
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1,838 | $315,580,000 | $171,697 | $4,067 | 5.00% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 276 | $38,220,000 | $138,478 | $3,816 | 5.26% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 150 | $22,820,000 | $152,133 | $4,873 | 5.18% |
| Adrian, MI (FHA|USDA|VA) | 186 | $22,040,000 | $118,495 | $3,927 | 5.20% |
| KOKOMO, IN (FHA|USDA|VA) | 154 | $17,650,000 | $114,610 | $3,713 | 5.12% |
| Outside of Metro Areas | 148 | $17,060,000 | $115,270 | $3,897 | 5.26% |
| COLUMBUS, IN (FHA|USDA|VA) | 83 | $11,595,000 | $139,699 | $3,918 | 5.07% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 69 | $8,585,000 | $124,420 | $3,474 | 5.30% |
| Greensburg, IN (FHA|USDA|VA) | 56 | $8,020,000 | $143,214 | $3,661 | 5.12% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 47 | $6,955,000 | $147,979 | $4,460 | 5.01% |
| MUNCIE, IN (FHA|USDA|VA) | 68 | $6,810,000 | $100,147 | $3,264 | 5.21% |
| Seymour, IN (FHA|USDA|VA) | 50 | $6,320,000 | $126,400 | $4,091 | 5.14% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 26 | $4,770,000 | $183,462 | $6,718 | 5.11% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 31 | $4,045,000 | $130,484 | $4,741 | 5.19% |
| New Castle, IN (FHA|USDA|VA) | 23 | $3,215,000 | $139,783 | $3,965 | 5.02% |
| Crawfordsville, IN (FHA|USDA|VA) | 26 | $2,840,000 | $109,231 | $3,260 | 5.19% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 21 | $2,575,000 | $122,619 | $4,057 | 5.15% |
| Plymouth, IN (FHA|USDA|VA) | 18 | $2,490,000 | $138,333 | $3,833 | 5.32% |
| Warsaw, IN (FHA|USDA|VA) | 17 | $2,465,000 | $145,000 | $3,241 | 5.27% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 14 | $2,030,000 | $145,000 | $4,811 | 5.21% |
| Peru, IN (FHA|USDA|VA) | 15 | $1,935,000 | $129,000 | $3,359 | 5.10% |
| TOLEDO, OH (FHA|USDA|VA) | 15 | $1,835,000 | $122,333 | $4,172 | 5.18% |
| Hillsdale, MI (FHA|USDA|VA) | 16 | $1,830,000 | $114,375 | $3,676 | 5.09% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 15 | $1,715,000 | $114,333 | $3,714 | 5.19% |
| JACKSON, MI (FHA|USDA|VA) | 12 | $1,460,000 | $121,667 | $4,919 | 5.16% |
| North Vernon, IN (FHA|USDA|VA) | 13 | $1,415,000 | $108,846 | $3,712 | 5.29% |
| MONROE, MI (FHA|USDA|VA) | 8 | $1,410,000 | $176,250 | $5,057 | 5.28% |
| ANN ARBOR, MI (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $6,030 | 5.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 6 | $940,000 | $156,667 | $4,080 | 4.98% |
| Bedford, IN (FHA|USDA|VA) | 7 | $915,000 | $130,714 | $4,779 | 5.29% |
| Jasper, IN (FHA|USDA|VA) | 6 | $870,000 | $145,000 | $6,094 | 4.92% |
| LOUISVILLE, KY (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $5,946 | 5.03% |
| Kendallville, IN (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $4,377 | 5.29% |
| Marion, IN (FHA|USDA|VA) | 7 | $735,000 | $105,000 | $3,427 | 5.13% |
| Logansport, IN (FHA|USDA|VA) | 8 | $710,000 | $88,750 | $3,570 | 5.27% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $6,011 | 5.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $5,065 | 5.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $4,533 | 5.43% |
| Findlay, OH (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $8,188 | 5.38% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $6,042 | 4.75% |
| Scottsburg, IN (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $3,997 | 4.92% |
| Richmond, IN (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $4,618 | 5.31% |
| Madison, IN (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $3,230 | 5.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,276 | 4.88% |
| Wabash, IN (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $3,285 | 5.00% |
| Decatur, IN (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $3,163 | 4.96% |
| Frankfort, IN (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,561 | 5.81% |
| Sturgis, MI (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,272 | 5.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,253 | 5.00% |
| Huntington, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,371 | 5.13% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,942 | 4.25% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,299 | 4.88% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,409 | 5.00% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,248 | 5.63% |
| Vincennes, IN (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,734 | 5.50% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,873 | 4.50% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,457 | 5.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,214 | 5.63% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,919 | 4.88% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,108 | 5.25% |
| Fremont, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,691 | 5.13% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,924 | 5.50% |
| Angola, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,930 | 5.00% |
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 2018, Gvc Mortgage's most frequently originated type of loan was Conventional, with 1,509 originations. Their 2nd most popular type was FHA, with 1,332 originations.
Loan Reason
For 2018, Gvc Mortgage's most frequently cited loan purpose was Home Purchase, with 3,253 originations. The 2nd most popular reason was Cash Out Refi, with 162 originations.
Loan Duration/Length
For 2018, Gvc Mortgage's most frequently cited loan duration was 30 Year, with 3,344 originations. The 2nd most popular length was 15 Year, with 128 originations.
Origination Fees/Closing Costs
Gvc Mortgage's average total fees were $4,074, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,838 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1,789 | $246,845,000 | $137,979 |
| 4-5% | 1,658 | $277,240,000 | $167,214 |
| 3-4% | 35 | $6,735,000 | $192,429 |
| 6-7% | 15 | $1,265,000 | $84,333 |
During 2018, Gvc Mortgage's average interest rate for loans was 5.12%, while their most frequently originated rate bucket for loans was 5-6%, with 1,789 originations.
Loan Sizing
2018 saw Gvc Mortgage place emphasis on $100k-200k loans with 1,966 originations, totaling $282,940,000 in origination value.
Applicant Income
Gvc Mortgage lent most frequently to those with incomes in the $50k or less range, with 1,413 originations. The second most popular income band? $50k-75k, with 1,035 originations.
Applicant Debt to Income Ratio
Gvc Mortgage lent most frequently to those with DTI ratios of 30-36%, with 667 originations. The next most common DTI ratio? 20-30%, with 639 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.96%
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 origination74.32%
Gvc Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,497 | $532,085,000 | $152,155 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 74 | $7,970,000 | $107,703 |
| Single Family (1-4 Units):Site-Built | 3,423 | $524,115,000 | $153,116 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GIBSON MORTGAGE, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |