Gouverneur Savings And Loan Association Mortgage Rates, Fees & Info

Gouverneur, NY

LEI: 549300QYX5EMLSR68B45

Tax ID: 15-0321200

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Gouverneur Savings And Loan Association is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Gouverneur Savings And Loan Association has a high proportion of conventional loans. Their top two markets are Ogdensburg and Watertown .

    Gouverneur Savings And Loan Association 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. Gouverneur Savings And Loan Association 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.38% 11/21/24
    30 Year Conventional Refi 6.20% 11/21/24
    30 Year Cash-out Refi 6.41% 11/21/24
    15 Year Conventional Purchase 5.48% 11/21/24
    15 Year Conventional Refi 5.13% 11/21/24
    15 Year Cash-out Refi 5.13% 11/21/24
    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.

    Gouverneur Savings And Loan Association Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Gouverneur Savings And Loan Association. 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

    90

    Origination Dollar Volume (All Markets)

    $10,280,000

    Employee count

    34

    Awards

    Gouverneur Savings and Loan Association 30 Year Conventional Loans gold
    Show all (1) 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
    Ogdensburg-Massena, NY (FHA|USDA|VA) 48 $4,850,000 $101,042 $1,440 5.54%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 35 $4,645,000 $132,714 $1,448 5.35%
    Outside of Metro Areas 7 $785,000 $112,143 $2,278 5.03%
    Gouverneur Savings And Loan Association's top markets include Ogdensburg and Watertown among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Gouverneur Savings and Loan Association based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Watertown Savings Bank
    Similarity Rank: 12
    Fairport Savings Bank
    Similarity Rank: 72
    NORTHERN CREDIT UNION
    Similarity Rank: 90
    NBT Bank
    Similarity Rank: 216
    AMERICU Credit Union
    Similarity Rank: 304
    Community Bank
    Similarity Rank: 552
    1ST PRIORITY MORTGAGE, INC.
    Similarity Rank: 600
    NAVY FEDERAL CREDIT UNION
    Similarity Rank: 2622
    KeyBank
    Similarity Rank: 3051
    HOMESTEAD FUNDING CORP.
    Similarity Rank: 5727

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $10,280,000 $114,222 $1,514 5.43%

    For 2018, Gouverneur Savings And Loan Association's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 46 $5,080,000 $110,435 $1,638 5.27%
    Cash Out Refi 24 $3,750,000 $156,250 $1,541 5.22%
    Home Improvement 8 $360,000 $45,000 $1,110 6.24%
    Other 6 $280,000 $46,667 $1,204 5.83%
    Refi 6 $810,000 $135,000 $1,040 5.98%

    For 2018, Gouverneur Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 32 $2,870,000 $89,688 $1,405 5.50%
    30 Year 16 $3,030,000 $189,375 $1,739 4.80%
    20 Year 11 $865,000 $78,636 $1,653 5.22%
    5 Year 10 $1,080,000 $108,000 $547 6.50%
    10 Year 8 $310,000 $38,750 $1,029 5.88%
    30+ year 8 $1,420,000 $177,500 $2,221 4.96%
    15 Year 5 $705,000 $141,000 $1,228 5.35%

    For 2018, Gouverneur Savings And Loan Association's most frequently cited loan duration was Other, with 32 originations. The 2nd most popular length was 30 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 30 $4,500,000 $150,000

    Gouverneur Savings And Loan Association's average total fees were $1,739, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 30 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 47 $4,705,000 $100,106
    4-5% 28 $4,240,000 $151,429
    6-7% 8 $900,000 $112,500
    3-4% 3 $295,000 $98,333
    7-8% 2 $100,000 $50,000
    Over 8% 2 $40,000 $20,000

    During 2018, Gouverneur Savings And Loan Association's average interest rate for loans was 4.80%, while their most frequently originated rate bucket for loans was 5-6%, with 47 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 52 $3,140,000 $60,385 $1,237 5.59%
    $100k-200k 28 $3,720,000 $132,857 $1,766 5.28%
    $200k-400k 7 $1,815,000 $259,286 $2,347 5.08%
    $400k-600k 2 $890,000 $445,000 $2,642 4.94%
    $600k-1MM 1 $715,000 $715,000 $1,298 4.75%

    2018 saw Gouverneur Savings And Loan Association place emphasis on $100,000 or less loans with 52 originations, totaling $3,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 25 $1,905,000 $76,200 $1,291 5.40%
    $75k-100k 21 $2,605,000 $124,048 $1,715 4.94%
    $50k or less 17 $925,000 $54,412 $1,003 5.99%
    $100k-150k 9 $1,125,000 $125,000 $2,238 5.28%
    $150k-250k 8 $970,000 $121,250 $1,631 5.18%
    $250k+ 3 $1,605,000 $535,000 $2,194 4.88%

    Gouverneur Savings And Loan Association lent most frequently to those with incomes in the $50k-75k range, with 25 originations. The second most popular income band? $75k-100k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 24 $2,930,000 $122,083 $1,580 5.49%
    20-30% 23 $2,785,000 $121,087 $1,541 5.26%
    <20% 11 $995,000 $90,455 $1,363 5.20%
    38% 7 $865,000 $123,571 $1,533 4.93%
    36% 5 $345,000 $69,000 $1,282 5.49%
    37% 3 $445,000 $148,333 $2,030 4.72%
    39% 3 $175,000 $58,333 $1,222 5.42%
    40% 2 $150,000 $75,000 $2,128 5.28%
    41% 2 $200,000 $100,000 $1,212 5.70%
    50-60% 1 $95,000 $95,000 $1,180 5.59%

    Gouverneur Savings And Loan Association lent most frequently to those with DTI ratios of 30-36%, with 24 originations. The next most common DTI ratio? 20-30%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 86 $9,520,000 $110,698 $1,520 5.39%
    Not applicable 4 $760,000 $190,000 $1,074 6.16%

    Approval Rates

    Total approvals of all applications
    73.97%

    Gouverneur Savings And Loan Association has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.11%

    Gouverneur Savings And Loan Association has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 90 $10,280,000 $114,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 12 $840,000 $70,000
    Single Family (1-4 Units):Site-Built 78 $9,440,000 $121,026

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $340,000 $56,667 $1,059 5.91%
    40-60% 11 $1,705,000 $155,000 $1,388 5.44%
    60-80% 36 $3,940,000 $109,444 $1,668 5.47%
    80-100% 30 $4,170,000 $139,000 $1,626 5.17%
    Under 20% 7 $125,000 $17,857 $841 5.91%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Gouverneur Savings and Loan Association 15 Nys Route 12 Alexandria Bay, NY 13607 Full Service B&M $20,212
    Gouverneur Savings and Loan Association 42 Church Street Gouverneur, NY 13642 Full Service B&M $64,644

    For 2018, Gouverneur Savings And Loan Association had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,765
    Net interest income $5,239
    Total noninterest income $789
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $344
    Trading account gains and fees $0
    Additional Noninterest Income $445
    Pre-tax net operating income $1,298
    Securities gains (or losses, -) $34
    Income before extraordinary items $1,163
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,163
    Minority interest net income $0
    Net income $1,163
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,133

    Gouverneur Savings And Loan Association's gross interest income from loans was $5,765,000.
    Gouverneur Savings And Loan Association's net interest income from loans was $5,239,000.
    Gouverneur Savings And Loan Association's fee based income from loans was $344,000.
    Gouverneur Savings And Loan Association's net income from loans was $1,163,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $526
    Provision for credit losses $45
    Total noninterest expense $4,685
    Salaries and employee benefits $2,754
    Premises and equipment expense $490
    Additional noninterest expense $1,441
    Applicable income taxes $169
    Net charge-offs $124
    Cash dividends $295

    Gouverneur Savings And Loan Association's interest expense for loans was $526,000.
    Gouverneur Savings And Loan Association's payroll and benefits expense were $2,754,000.
    Gouverneur Savings And Loan Association's property, plant and equipment expenses $490,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 3.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 1.0%
    All other family 2.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $83,697
    Deposits held in domestic offices $83,697
    Deposits by Individuals, partnerships, and corporations $83,614
    Deposits by U.S. Government $58
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $25
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $27,405
    Demand deposits $17,945
    Nontransaction accounts $56,292
    Money market deposit accounts (MMDAs) $6,990
    Other savings deposits (excluding MMDAs) $29,824
    Total time deposits $19,478
    Total time and savings deposits $65,752
    Noninterest-bearing deposits $10,871
    Interest-bearing deposits $72,826
    Retail deposits $81,452
    IRAs and Keogh plan accounts $5,425
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $130,613
    Cash & Balances due from depository institutions $7,083
    Interest-bearing balances $4,538
    Total securities $15,033
    Federal funds sold & reverse repurchase $0
    Net loans and leases $94,756
    Loan and leases loss allowance $771
    Trading account assets $315
    Bank premises and fixed assets $2,453
    Other real estate owned $518
    Goodwill and other intangibles $0
    All other assets $10,455

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $130,613
    Total Liabilities $100,597
    Total deposits $83,697
    Interest-bearing deposits $72,826
    Deposits held in domestic offices $83,697
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $12,000
    Subordinated debt $0
    All other liabilities $4,900

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $94,756
    Loan and leases loss allowance $771
    Total loans and leases (domestic) $95,527
    All real estate loans $90,377
    Real estate loans in domestic offices $90,377
    Construction and development loans $1,744
    Residential 1-4 family construction $1,174
    Other construction, all land development and other land $570
    Loans secured by nonfarm nonresidential properties $5,316
    Nonfarm nonresidential secured by owner-occupied properties $4,303
    Commercial real estate & other non-farm, non-residential $1,013
    Multifamily residential real estate $419
    1-4 family residential loans $82,838
    Farmland loans $60
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $2,227
    To non-U.S. addressees $0
    Loans to individuals $2,896
    Credit card loans $0
    Related Plans $29
    Consumer Auto Loans $1,302
    Other loans to individuals $1,565
    All other loans & leases $27
    Loans to foreign governments and official institutions $0
    Other loans $27
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $182
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Gouverneur Savings and Loan Association had $94,756,000 of loans outstanding in 2018. $90,377,000 of loans were in real estate loans. $1,744,000 of loans were in development loans. $419,000 of loans were in multifamily mortgage loans. $82,838,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,302,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 79 $5,316 $67,291
    Nonfarm, nonresidential loans - <$100k 79 $5,316 $67,291
    Commercial & Industrial, US addressed loans - <$1MM 25 $2,227 $89,080
    Commercial & Industrial, US addressed loans - <$100k 25 $2,227 $89,080
    Farmland loans - <$1MM 1 $60 $60,000
    Farmland loans - $100-250k 1 $60 $60,000