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 Home Improvement and Refi loans. Gpo Federal Credit Union has an average proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Utica, Syracuse, Gloversville, Oneonta, and Amsterdam among others. We have data for 8 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% | 11/17/24 |
| 30 Year Conventional Purchase | 6.55% | 11/17/24 |
| 15 Year Conventional Purchase | 6.19% | 11/17/24 |
| 15 Year Conventional Refi | 5.94% | 11/17/24 |
| 15 Year Cash-out Refi | 5.94% | 11/17/24 |
| 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. | ||
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
261Origination Dollar Volume (All Markets)
$24,275,000Top 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) | 216 | $19,930,000 | $92,269 | $0 | 2.84% |
| SYRACUSE, NY (FHA|USDA|VA) | 29 | $3,235,000 | $111,552 | $0 | 2.43% |
| Gloversville, NY (FHA|USDA|VA) | 6 | $440,000 | $73,333 | $0 | 3.70% |
| Oneonta, NY (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 2.96% |
| Amsterdam, NY (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 2.45% |
| Outside of Metro Areas | 2 | $110,000 | $55,000 | $0 | 4.00% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 1.99% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 1.99% |
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 | 218 | $17,550,000 | $80,505 | n/a | 2.80% |
| Conventional | 42 | $6,690,000 | $159,286 | $0 | 2.92% |
| FHA | 1 | $35,000 | $35,000 | $0 | 1.99% |
For 2020, Gpo Federal Credit Union's most frequently originated type of loan was HELOC, with 218 originations. Their 2nd most popular type was Conventional, with 42 originations.
Loan Reason
For 2020, Gpo Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 93 originations. The 2nd most popular reason was Refi, with 69 originations.
Loan Duration/Length
For 2020, Gpo Federal Credit Union's most frequently cited loan duration was 30 Year, with 219 originations. The 2nd most popular length was 15 Year, with 22 originations.
Interest Rates
During 2020, Gpo Federal Credit Union's average interest rate for loans was 2.79%, while their most frequently originated rate bucket for loans was <2.5%, with 141 originations.
Loan Sizing
2020 saw Gpo Federal Credit Union place emphasis on $100,000 or less loans with 169 originations, totaling $8,895,000 in origination value.
Applicant Income
Gpo Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 62 originations. The second most popular income band? $50k-75k, with 59 originations.
Applicant Debt to Income Ratio
Gpo Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 59 originations. The next most common DTI ratio? 30-36%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.06%
Gpo Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination87.74%
Gpo Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 261 | $24,275,000 | $93,008 |