Gpo Federal Credit Union Mortgage Rates, Fees & Info
New Hartford, NYLEI: 5493008UZWYHK74O4341
Tax ID: 15-0476885
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Gpo Federal Credit Union is a smaller credit union specializing in Refi and Other loans. Gpo Federal Credit Union has a low ratio of conventional loans. Their top markets by origination volume include: Utica, Syracuse, Oneonta, Gloversville, and Amsterdam among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Gpo Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/21/24 |
| 30 Year Conventional Purchase | 6.55% | 11/21/24 |
| 15 Year Conventional Purchase | 6.19% | 11/21/24 |
| 15 Year Conventional Refi | 5.94% | 11/21/24 |
| 15 Year Cash-out Refi | 5.94% | 11/21/24 |
| 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. | ||
Gpo Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
219Origination Dollar Volume (All Markets)
$16,425,000Top 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 |
|---|---|---|---|---|---|
| UTICA-ROME, NY (FHA|USDA|VA) | 184 | $13,900,000 | $75,543 | $0 | 2.61% |
| SYRACUSE, NY (FHA|USDA|VA) | 23 | $1,785,000 | $77,609 | $0 | 2.32% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 1.99% |
| Outside of Metro Areas | 3 | $235,000 | $78,333 | $0 | 1.99% |
| Gloversville, NY (FHA|USDA|VA) | 6 | $190,000 | $31,667 | $0 | 2.49% |
| Amsterdam, NY (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 4.37% |
Similar Lenders
We use machine learning to identify the top lenders compared against GPO Federal Credit Union 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 214 | $15,760,000 | $73,645 | n/a | 2.55% |
| Conventional | 5 | $665,000 | $133,000 | $0 | 4.00% |
For 2018, Gpo Federal Credit Union's most frequently originated type of loan was HELOC, with 214 originations. Their 2nd most popular type was Conventional, with 5 originations.
Loan Reason
For 2018, Gpo Federal Credit Union's most frequently cited loan purpose was Refi, with 82 originations. The 2nd most popular reason was Other, with 69 originations.
Loan Duration/Length
For 2018, Gpo Federal Credit Union's most frequently cited loan duration was 15 Year, with 211 originations. The 2nd most popular length was 30 Year, with 4 originations.
Interest Rates
During 2018, Gpo Federal Credit Union's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was <2.5%, with 168 originations.
Loan Sizing
2018 saw Gpo Federal Credit Union place emphasis on $100,000 or less loans with 170 originations, totaling $8,630,000 in origination value.
Applicant Income
Gpo Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 63 originations. The second most popular income band? $50k or less, with 57 originations.
Applicant Debt to Income Ratio
Gpo Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 63 originations. The next most common DTI ratio? <20%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.37%
Gpo Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination88.13%
Gpo Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 219 | $16,425,000 | $75,000 |