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 Home Purchase loans. Ghs Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Binghamton, Oneonta, Glens Falls, Kingston, and Malone among others. We have data for 10 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.

    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 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

    149

    Origination Dollar Volume (All Markets)

    $12,635,000

    Awards

    GHS Federal Credit Union 30 Year Conventional Loans bronze GHS Federal Credit Union 30 Year Conventional Loans gold
    Show all (2) 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 77 $6,055,000 $78,636 $1,648 5.07%
    BINGHAMTON, NY (FHA|USDA|VA) 58 $5,350,000 $92,241 $2,116 4.29%
    Oneonta, NY (FHA|USDA|VA) 6 $440,000 $73,333 $1,284 4.58%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $255,000 $255,000 $3,370 5.25%
    KINGSTON, NY (FHA|USDA|VA) 1 $225,000 $225,000 $2,912 3.63%
    Malone, NY (FHA|USDA|VA) 1 $95,000 $95,000 $1,509 2.75%
    Gloversville, NY (FHA|USDA|VA) 1 $95,000 $95,000 $1,534 8.00%
    Cortland, NY (FHA|USDA|VA) 2 $60,000 $30,000 $1,084 3.00%
    Sayre, PA (FHA|USDA|VA) 1 $45,000 $45,000 $959 2.75%
    ITHACA, NY (FHA|USDA|VA) 1 $15,000 $15,000 $999 2.75%
    Ghs Federal Credit Union's top markets include Binghamton, Oneonta, Glens Falls, Kingston, and Malone 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.

    VISIONS
    Similarity Rank: 88
    SEFCU SERVICES, LLC
    Similarity Rank: 182
    GHS Federal Credit Union
    Similarity Rank: 200
    NBT Bank
    Similarity Rank: 484
    1ST PRIORITY MORTGAGE, INC.
    Similarity Rank: 529
    Empower Federal Credit Union
    Similarity Rank: 560
    Community Bank
    Similarity Rank: 720
    Citizens & Northern Bank
    Similarity Rank: 828
    PARAGON HOME LOANS INC.
    Similarity Rank: 851
    Premium Mortgage Corporation
    Similarity Rank: 1944

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 149 $12,635,000 $84,799 $1,815 4.68%

    For 2022, Ghs Federal Credit Union's most frequently originated type of loan was Conventional, with 149 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 39 $2,375,000 $60,897 $1,263 5.71%
    Home Improvement 32 $1,940,000 $60,625 $1,259 4.19%
    Refi 32 $2,590,000 $80,938 $1,602 4.29%
    Home Purchase 26 $3,700,000 $142,308 $3,350 4.69%
    Cash Out Refi 20 $2,030,000 $101,500 $2,204 4.09%

    For 2022, Ghs Federal Credit Union's most frequently cited loan purpose was Other, with 39 originations. The 2nd most popular reason was Home Improvement, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 51 $5,005,000 $98,137 $1,822 4.15%
    10 Year 41 $2,315,000 $56,463 $1,320 6.40%
    30 Year 27 $3,745,000 $138,704 $3,343 4.73%
    Other 25 $1,085,000 $43,400 $1,010 3.16%
    5 Year 3 $105,000 $35,000 $1,050 3.08%
    20 Year 2 $380,000 $190,000 $3,163 3.75%

    For 2022, Ghs Federal Credit Union's most frequently cited loan duration was 15 Year, with 51 originations. The 2nd most popular length was 10 Year, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 41 $4,745,000 $115,732
    $1k-2k 6 $1,090,000 $181,667

    Ghs Federal Credit Union's average total fees were $3,343, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 41 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 50 $4,410,000 $88,200
    2.5-3% 28 $1,580,000 $56,429
    5-6% 24 $2,710,000 $112,917
    4-5% 20 $2,040,000 $102,000
    Over 8% 15 $835,000 $55,667
    7-8% 5 $375,000 $75,000
    6-7% 4 $200,000 $50,000
    <2.5% 3 $485,000 $161,667

    During 2022, Ghs Federal Credit Union's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 3-4%, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 106 $5,660,000 $53,396 $1,427 4.77%
    $100k-200k 34 $4,720,000 $138,824 $2,609 4.57%
    $200k-400k 9 $2,255,000 $250,556 $3,345 4.10%

    2022 saw Ghs Federal Credit Union place emphasis on $100,000 or less loans with 106 originations, totaling $5,660,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 44 $3,510,000 $79,773 $1,750 4.49%
    $50k or less 37 $2,405,000 $65,000 $1,842 5.00%
    $75k-100k 36 $3,060,000 $85,000 $1,735 4.24%
    $100k-150k 25 $2,815,000 $112,600 $1,946 5.01%
    $150k-250k 7 $845,000 $120,714 $2,035 5.34%

    Ghs Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 44 originations. The second most popular income band? $50k or less, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 34 $2,370,000 $69,706 $1,569 4.26%
    30-36% 26 $2,120,000 $81,538 $1,732 5.58%
    <20% 18 $1,430,000 $79,444 $1,415 4.58%
    39% 10 $1,290,000 $129,000 $2,571 4.01%
    40% 8 $1,030,000 $128,750 $2,281 3.92%
    38% 7 $875,000 $125,000 $2,401 4.89%
    41% 6 $480,000 $80,000 $1,892 5.42%
    42% 5 $595,000 $119,000 $2,277 5.45%
    37% 5 $265,000 $53,000 $1,713 4.88%
    49% 5 $285,000 $57,000 $1,838 4.28%
    45% 4 $240,000 $60,000 $1,223 4.81%
    44% 4 $440,000 $110,000 $2,211 5.03%
    47% 3 $135,000 $45,000 $1,113 5.00%
    48% 3 $195,000 $65,000 $1,758 4.25%
    36% 3 $125,000 $41,667 $1,225 4.33%
    46% 3 $205,000 $68,333 $1,801 4.08%
    43% 3 $305,000 $101,667 $2,608 3.63%
    50-60% 2 $250,000 $125,000 $3,098 5.38%

    Ghs Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 34 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 114 $8,620,000 $75,614 $1,557 4.77%
    Not provided 34 $3,850,000 $113,235 $2,648 4.37%
    Other Pacific Islander 1 $165,000 $165,000 $3,757 5.25%

    Approval Rates

    Total approvals of all applications
    84.55%

    Ghs Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    76.51%

    Ghs Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 149 $12,635,000 $84,799

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    149 $12,635,000 $84,799

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $2,095,000 $51,098 $1,250 5.03%
    40-60% 25 $2,145,000 $85,800 $1,608 4.85%
    60-80% 31 $3,445,000 $111,129 $2,328 4.59%
    80-100% 27 $4,195,000 $155,370 $3,083 4.56%
    Under 20% 25 $755,000 $30,200 $966 4.19%