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 Refi and Cash Out Refi loans. Ghs Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Binghamton, Syracuse, Oneonta, and Cortland among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Ghs 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. 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% 12/16/24
    30 Year Conventional Refi 7.05% 12/16/24
    30 Year Cash-out Refi 6.81% 12/16/24
    15 Year Conventional Purchase 5.56% 12/16/24
    15 Year Conventional Refi 5.95% 12/16/24
    15 Year Cash-out Refi 5.95% 12/16/24
    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

    135

    Origination Dollar Volume (All Markets)

    $10,355,000

    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
    BINGHAMTON, NY (FHA|USDA|VA) 62 $4,910,000 $79,194 $1,815 3.56%
    Outside of Metro Areas 64 $4,400,000 $68,750 $1,518 4.58%
    SYRACUSE, NY (FHA|USDA|VA) 5 $655,000 $131,000 $3,069 2.80%
    Oneonta, NY (FHA|USDA|VA) 3 $305,000 $101,667 $2,651 3.08%
    Cortland, NY (FHA|USDA|VA) 1 $85,000 $85,000 $2,890 3.00%
    Ghs Federal Credit Union's top markets include Binghamton, Syracuse, Oneonta, and Cortland among others.

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

    CFCU Community Credit Union
    Similarity Rank: 45
    Elmira Savings Bank
    Similarity Rank: 104
    Tompkins Trust Company
    Similarity Rank: 154
    VISIONS
    Similarity Rank: 416
    NBT Bank
    Similarity Rank: 490
    SEFCU SERVICES, LLC
    Similarity Rank: 600
    1ST PRIORITY MORTGAGE, INC.
    Similarity Rank: 650
    PARAGON HOME LOANS INC.
    Similarity Rank: 713
    Premium Mortgage Corporation
    Similarity Rank: 1007
    Citizens & Northern Bank
    Similarity Rank: 1452

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 135 $10,355,000 $76,704 $1,751 4.00%

    For 2021, Ghs Federal Credit Union's most frequently originated type of loan was Conventional, with 135 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 35 $2,755,000 $78,714 $1,800 3.71%
    Cash Out Refi 32 $3,020,000 $94,375 $2,106 3.41%
    Other 29 $1,745,000 $60,172 $1,029 5.47%
    Home Improvement 21 $985,000 $46,905 $976 4.07%
    Home Purchase 18 $1,850,000 $102,778 $3,069 3.16%

    For 2021, Ghs Federal Credit Union's most frequently cited loan purpose was Refi, with 35 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 40 $3,950,000 $98,750 $1,882 3.76%
    10 Year 38 $2,050,000 $53,947 $1,229 5.10%
    Other 26 $1,220,000 $46,923 $949 3.77%
    30 Year 21 $2,245,000 $106,905 $3,145 3.29%
    20 Year 7 $805,000 $115,000 $3,036 2.96%
    5 Year 3 $85,000 $28,333 $677 2.75%

    For 2021, Ghs Federal Credit Union's most frequently cited loan duration was 15 Year, with 40 originations. The 2nd most popular length was 10 Year, with 38 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 43 $4,465,000 $103,837
    $1k-2k 3 $445,000 $148,333

    Ghs Federal Credit Union's average total fees were $3,145, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 43 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 50 $4,330,000 $86,600
    3-4% 35 $2,565,000 $73,286
    4-5% 24 $2,000,000 $83,333
    Over 8% 10 $500,000 $50,000
    <2.5% 8 $590,000 $73,750
    6-7% 3 $155,000 $51,667
    7-8% 3 $125,000 $41,667
    5-6% 2 $90,000 $45,000

    During 2021, Ghs Federal Credit Union's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 2.5-3%, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 99 $5,345,000 $53,990 $1,426 4.26%
    $100k-200k 33 $4,335,000 $131,364 $2,602 3.28%
    $200k-400k 3 $675,000 $225,000 $2,871 3.50%

    2021 saw Ghs Federal Credit Union place emphasis on $100,000 or less loans with 99 originations, totaling $5,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 45 $2,715,000 $60,333 $1,514 4.13%
    $50k-75k 38 $2,970,000 $78,158 $1,987 3.73%
    $100k-150k 23 $2,235,000 $97,174 $1,828 4.20%
    $75k-100k 22 $1,740,000 $79,091 $1,830 4.02%
    $150k-250k 7 $695,000 $99,286 $1,486 3.93%

    Ghs Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 45 originations. The second most popular income band? $50k-75k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 32 $2,190,000 $68,438 $1,653 3.67%
    30-36% 26 $2,470,000 $95,000 $2,029 4.48%
    <20% 20 $1,460,000 $73,000 $1,323 4.50%
    41% 6 $360,000 $60,000 $1,607 4.00%
    44% 5 $425,000 $85,000 $1,906 3.10%
    38% 5 $375,000 $75,000 $2,033 2.88%
    43% 5 $455,000 $91,000 $1,811 3.28%
    40% 5 $565,000 $113,000 $1,917 3.48%
    48% 5 $395,000 $79,000 $1,376 3.40%
    42% 4 $240,000 $60,000 $2,046 4.81%
    46% 4 $310,000 $77,500 $2,566 4.06%
    47% 3 $145,000 $48,333 $959 5.58%
    45% 3 $125,000 $41,667 $1,784 3.96%
    49% 3 $195,000 $65,000 $1,092 3.67%
    39% 3 $145,000 $48,333 $971 6.33%
    37% 2 $90,000 $45,000 $1,891 2.69%
    36% 1 $115,000 $115,000 $2,297 3.25%
    50-60% 1 $55,000 $55,000 $2,990 3.38%

    Ghs Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 32 originations. The next most common DTI ratio? 30-36%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 92 $6,370,000 $69,239 $1,345 4.43%
    Not provided 43 $3,985,000 $92,674 $2,599 3.09%

    Approval Rates

    Total approvals of all applications
    89.33%

    Ghs Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.70%

    Ghs Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 135 $10,355,000 $76,704

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    135 $10,355,000 $76,704

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $1,720,000 $43,000 $1,048 4.32%
    40-60% 20 $1,580,000 $79,000 $1,939 3.79%
    60-80% 37 $4,085,000 $110,405 $2,159 3.80%
    80-100% 24 $2,420,000 $100,833 $2,478 3.86%
    Under 20% 12 $310,000 $25,833 $781 4.42%