Gfa Federal Credit Union Mortgage Rates, Fees & Info
Gardner, MALEI: 549300MYAXFDGEI4NZ65
Tax ID: 04-1355545
Latest/2023 | 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 Home Purchase and Cash Out Refi loans. Gfa Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Manchester, Keene, Springfield, and Providence among others. We have data for 31 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
228Origination Dollar Volume (All Markets)
$39,150,000Top 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) | 130 | $22,170,000 | $170,538 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 17 | $3,375,000 | $198,529 | $0 | 0.00% |
| Keene, NH (FHA|USDA|VA) | 24 | $2,230,000 | $92,917 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 7 | $2,205,000 | $315,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 7 | $935,000 | $133,571 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 6 | $640,000 | $106,667 | $0 | 0.00% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| Concord, NH (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $425,000 | $425,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 0.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| YUMA, AZ (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $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 | 228 | $39,150,000 | $171,711 | $0 | 0.00% |
For 2023, Gfa Federal Credit Union's most frequently originated type of loan was Conventional, with 228 originations.
Loan Reason
For 2023, Gfa Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Cash Out Refi, with 80 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 228 | $39,150,000 | $171,711 | $0 | 0.00% |
For 2023, Gfa Federal Credit Union's most frequently cited loan duration was Other, with 228 originations.
Loan Sizing
2023 saw Gfa Federal Credit Union place emphasis on $100,000 or less loans with 118 originations, totaling $6,540,000 in origination value.
Applicant Income
Gfa Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 56 originations. The second most popular income band? $75k-100k, with 52 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 228 | $39,150,000 | $171,711 | $0 | 0.00% |
Gfa Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 228 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.76%
Gfa Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination84.65%
Gfa Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 228 | $39,150,000 | $171,711 |