Gfa Federal Credit Union Mortgage Rates, Fees & Info
Gardner, MALEI: 549300MYAXFDGEI4NZ65
Tax ID: 04-1355545
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Gfa Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Gfa Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Boston, Manchester, Keene, and Providence among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Gfa 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.
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Originations
128Origination Dollar Volume (All Markets)
$38,640,000Top 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 |
|---|---|---|---|---|---|
| WORCESTER, MA-CT (FHA|USDA|VA) | 82 | $21,990,000 | $268,171 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 10 | $6,800,000 | $680,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 11 | $4,015,000 | $365,000 | $0 | 0.00% |
| Keene, NH (FHA|USDA|VA) | 17 | $2,715,000 | $159,706 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 0.00% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Austin, MN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against GFA 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 |
|---|---|---|---|---|---|
| Conventional | 128 | $38,640,000 | $301,875 | $0 | 0.00% |
For 2024, Gfa Federal Credit Union's most frequently originated type of loan was Conventional, with 128 originations.
Loan Reason
For 2024, Gfa Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 45 originations. The 2nd most popular reason was Home Improvement, with 41 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 128 | $38,640,000 | $301,875 | $0 | 0.00% |
For 2024, Gfa Federal Credit Union's most frequently cited loan duration was Other, with 128 originations.
Loan Sizing
2024 saw Gfa Federal Credit Union place emphasis on $100,000 or less loans with 59 originations, totaling $3,365,000 in origination value.
Applicant Income
Gfa Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $150k-250k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 128 | $38,640,000 | $301,875 | $0 | 0.00% |
Gfa Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 128 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.27%
Gfa Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination75.78%
Gfa Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 128 | $38,640,000 | $301,875 |