Gfa Federal Credit Union Mortgage Rates, Fees & Info
Gardner, MALEI: 549300MYAXFDGEI4NZ65
Tax ID: 04-1355545
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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, Boston, Keene, Manchester, and Phoenix among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)Gfa Federal Credit Union has an above 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
378Origination Dollar Volume (All Markets)
$76,250,000Top 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) | 190 | $40,190,000 | $211,526 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 23 | $9,305,000 | $404,565 | $0 | 0.00% |
| Keene, NH (FHA|USDA|VA) | 39 | $6,145,000 | $157,564 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 21 | $4,305,000 | $205,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 23 | $2,595,000 | $112,826 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $1,580,000 | $790,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 4 | $1,500,000 | $375,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 9 | $1,465,000 | $162,778 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 7 | $1,055,000 | $150,714 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $530,000 | $132,500 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 5 | $515,000 | $103,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 6 | $470,000 | $78,333 | $0 | 0.00% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 0.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 4 | $300,000 | $75,000 | $0 | 0.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| YUMA, AZ (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| MONROE, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| UTICA-ROME, NY (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 | 378 | $76,250,000 | $201,720 | $0 | 0.00% |
For 2022, Gfa Federal Credit Union's most frequently originated type of loan was Conventional, with 378 originations.
Loan Reason
For 2022, Gfa Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 160 originations. The 2nd most popular reason was Cash Out Refi, with 108 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 378 | $76,250,000 | $201,720 | $0 | 0.00% |
For 2022, Gfa Federal Credit Union's most frequently cited loan duration was Other, with 378 originations.
Loan Sizing
2022 saw Gfa Federal Credit Union place emphasis on $100,000 or less loans with 131 originations, totaling $7,225,000 in origination value.
Applicant Income
Gfa Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 95 originations. The second most popular income band? $75k-100k, with 88 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 378 | $76,250,000 | $201,720 | $0 | 0.00% |
Gfa Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 378 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.37%
Gfa Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination80.95%
Gfa Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 378 | $76,250,000 | $201,720 |