Gfa Federal Credit Union Mortgage Rates, Fees & Info

Gardner, MA

LEI: 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, 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.

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.

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Originations

378

Origination Dollar Volume (All Markets)

$76,250,000

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
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%
Gfa Federal Credit Union's top markets include Worcester, Boston, Keene, Manchester, and Phoenix among others.

Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • 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.

    Charter Oak Federal Credit Union
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    ATHOL CREDIT UNION
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 160 $38,370,000 $239,813 $0 0.00%
    Cash Out Refi 108 $22,190,000 $205,463 $0 0.00%
    Home Improvement 73 $8,415,000 $115,274 $0 0.00%
    Refi 36 $7,120,000 $197,778 $0 0.00%
    Other 1 $155,000 $155,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 131 $7,225,000 $55,153 $0 0.00%
    $100k-200k 109 $16,105,000 $147,752 $0 0.00%
    $200k-400k 93 $26,575,000 $285,753 $0 0.00%
    $400k-600k 30 $13,800,000 $460,000 $0 0.00%
    $600k-1MM 10 $7,180,000 $718,000 $0 0.00%
    $1MM+ 5 $5,365,000 $1,073,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 95 $17,245,000 $181,526 $0 0.00%
    $75k-100k 88 $13,730,000 $156,023 $0 0.00%
    $50k-75k 78 $10,610,000 $136,026 $0 0.00%
    $150k-250k 49 $14,725,000 $300,510 $0 0.00%
    $50k or less 38 $3,780,000 $99,474 $0 0.00%
    $250k+ 19 $10,095,000 $531,316 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 347 $64,875,000 $186,960 $0 0.00%
    Not applicable 11 $6,065,000 $551,364 $0 0.00%
    Asian 4 $2,690,000 $672,500 $0 0.00%
    Black 5 $1,075,000 $215,000 $0 0.00%
    Not provided 9 $985,000 $109,444 $0 0.00%
    American Indian 1 $405,000 $405,000 $0 0.00%
    Native Hawaiian or Islander 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.37%

    Gfa Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.95%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    378 $76,250,000 $201,720