Ghs Federal Credit Union Mortgage Rates, Fees & Info

Binghamton, NY

LEI: 549300LCMQJZBJE7EL26

Tax ID: 15-0535535

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Ghs Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Ghs Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Binghamton, Syracuse, Oneonta, Ithaca, and Seneca Falls among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Ghs Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Ghs Federal Credit Union 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.76% 5/4/24
    30 Year Conventional Refi 7.05% 5/4/24
    30 Year Cash-out Refi 6.81% 5/4/24
    15 Year Conventional Purchase 5.56% 5/4/24
    15 Year Conventional Refi 5.95% 5/4/24
    15 Year Cash-out Refi 5.95% 5/4/24
    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.

    Ghs Federal Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Ghs Federal Credit Union. 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

    106

    Origination Dollar Volume (All Markets)

    $6,930,000

    Awards

    GHS Federal Credit Union 30 Year Conventional Loans silver
    Show all (1) awards

    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
    Outside of Metro Areas 49 $3,195,000 $65,204 $1,319 5.88%
    BINGHAMTON, NY (FHA|USDA|VA) 46 $2,800,000 $60,870 $1,357 5.38%
    SYRACUSE, NY (FHA|USDA|VA) 6 $500,000 $83,333 $1,912 6.73%
    Oneonta, NY (FHA|USDA|VA) 2 $180,000 $90,000 $1,581 4.75%
    ITHACA, NY (FHA|USDA|VA) 1 $165,000 $165,000 $2,898 3.50%
    Seneca Falls, NY (FHA|USDA|VA) 1 $45,000 $45,000 $2,841 4.00%
    Cortland, NY (FHA|USDA|VA) 1 $45,000 $45,000 $1,308 4.75%
    Ghs Federal Credit Union's top markets include Binghamton, Syracuse, Oneonta, Ithaca, and Seneca Falls among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against GHS Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    VISIONS
    Similarity Rank: 50
    PARAGON HOME LOANS INC.
    Similarity Rank: 200
    Tioga State Bank
    Similarity Rank: 242
    SEFCU SERVICES, LLC
    Similarity Rank: 264
    Elmira Savings Bank
    Similarity Rank: 294
    Citizens & Northern Bank
    Similarity Rank: 414
    1ST PRIORITY MORTGAGE, INC.
    Similarity Rank: 425
    NBT Bank
    Similarity Rank: 594
    USAA Federal Savings Bank
    Similarity Rank: 2712
    PLAZA HOME MORTGAGE, INC.
    Similarity Rank: 3423

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 106 $6,930,000 $65,377 $1,403 5.63%

    For 2018, Ghs Federal Credit Union's most frequently originated type of loan was Conventional, with 106 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 46 $2,710,000 $58,913 $1,214 5.96%
    Home Improvement 21 $1,065,000 $50,714 $1,051 5.81%
    Home Purchase 16 $1,600,000 $100,000 $2,344 4.88%
    Refi 13 $955,000 $73,462 $1,732 4.82%
    Other 10 $600,000 $60,000 $1,083 6.05%

    For 2018, Ghs Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 46 originations. The 2nd most popular reason was Home Improvement, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 29 $1,495,000 $51,552 $1,116 7.22%
    15 Year 27 $2,035,000 $75,370 $1,480 5.72%
    Other 17 $795,000 $46,765 $935 5.10%
    5 Year 16 $600,000 $37,500 $875 4.56%
    30 Year 15 $1,805,000 $120,333 $2,840 4.38%
    3 Year 1 $105,000 $105,000 $1,280 3.50%
    20 Year 1 $95,000 $95,000 $2,661 4.63%

    For 2018, Ghs Federal Credit Union's most frequently cited loan duration was 10 Year, with 29 originations. The 2nd most popular length was 15 Year, with 27 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 20 $2,150,000 $107,500

    Ghs Federal Credit Union's average total fees were $2,840, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 20 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 27 $2,295,000 $85,000
    5-6% 17 $1,125,000 $66,176
    3-4% 14 $1,030,000 $73,571
    6-7% 14 $860,000 $61,429
    Over 8% 13 $535,000 $41,154
    2.5-3% 12 $370,000 $30,833
    7-8% 9 $715,000 $79,444

    During 2018, Ghs Federal Credit Union's average interest rate for loans was 4.38%, while their most frequently originated rate bucket for loans was 4-5%, with 27 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 84 $3,990,000 $47,500 $1,163 5.77%
    $100k-200k 22 $2,940,000 $133,636 $2,323 5.13%

    2018 saw Ghs Federal Credit Union place emphasis on $100,000 or less loans with 84 originations, totaling $3,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 39 $2,165,000 $55,513 $1,409 5.83%
    $50k-75k 24 $1,860,000 $77,500 $1,595 5.50%
    $75k-100k 24 $1,500,000 $62,500 $1,226 5.76%
    $100k-150k 15 $1,235,000 $82,333 $1,504 5.08%
    $150k-250k 3 $85,000 $28,333 $753 4.67%
    $250k+ 1 $85,000 $85,000 $1,264 9.25%

    Ghs Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $50k-75k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 24 $1,600,000 $66,667 $1,439 5.10%
    20-30% 20 $1,090,000 $54,500 $1,338 4.71%
    <20% 11 $625,000 $56,818 $1,207 5.25%
    43% 9 $595,000 $66,111 $1,401 6.90%
    40% 7 $565,000 $80,714 $1,208 6.07%
    41% 6 $350,000 $58,333 $1,295 8.35%
    45% 4 $130,000 $32,500 $949 6.50%
    37% 4 $220,000 $55,000 $1,399 6.88%
    50-60% 4 $350,000 $87,500 $1,976 5.56%
    39% 3 $295,000 $98,333 $1,500 5.75%
    44% 3 $265,000 $88,333 $1,775 4.00%
    48% 3 $165,000 $55,000 $887 7.25%
    38% 2 $180,000 $90,000 $1,959 4.38%
    >60% 1 $65,000 $65,000 $2,970 3.88%
    36% 1 $155,000 $155,000 $3,079 4.50%
    42% 1 $75,000 $75,000 $2,705 3.25%
    46% 1 $45,000 $45,000 $955 8.00%
    47% 1 $85,000 $85,000 $973 4.00%
    49% 1 $75,000 $75,000 $973 9.00%

    Ghs Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 24 originations. The next most common DTI ratio? 20-30%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 104 $6,660,000 $64,038 $1,395 5.63%
    Black 2 $270,000 $135,000 $1,847 6.00%

    Approval Rates

    Total approvals of all applications
    96.64%

    Ghs Federal Credit Union 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
    91.51%

    Ghs Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 106 $6,930,000 $65,377

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 106 $6,930,000 $65,377

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 31 $1,075,000 $34,677 $981 6.15%
    40-60% 19 $1,265,000 $66,579 $1,333 5.49%
    60-80% 27 $2,295,000 $85,000 $1,670 5.65%
    80-100% 19 $2,075,000 $109,211 $2,111 5.62%
    Under 20% 10 $220,000 $22,000 $785 4.30%