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 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% 11/17/24
    30 Year Conventional Refi 6.20% 11/17/24
    30 Year Cash-out Refi 6.41% 11/17/24
    15 Year Conventional Purchase 5.48% 11/17/24
    15 Year Conventional Refi 5.13% 11/17/24
    15 Year Cash-out Refi 5.13% 11/17/24
    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

    143

    Origination Dollar Volume (All Markets)

    $22,245,000

    Employee count

    30

    Awards

    Gouverneur Savings and Loan Association 30 Year Conventional Loans silver Gouverneur Savings and Loan Association 30 Year Conventional Loans gold Gouverneur Savings and Loan Association 30 Year Conventional Loans gold
    Show all (3) 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) 91 $12,995,000 $142,802 $1,753 3.56%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 44 $7,820,000 $177,727 $1,513 3.60%
    Outside of Metro Areas 8 $1,430,000 $178,750 $1,887 3.03%
    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: 8
    Gouverneur Savings and Loan Association
    Similarity Rank: 63
    NBT Bank
    Similarity Rank: 343
    Genesee Regional Bank
    Similarity Rank: 350
    AMERICU Credit Union
    Similarity Rank: 368
    NORTHERN CREDIT UNION
    Similarity Rank: 468
    Community Bank
    Similarity Rank: 850
    KeyBank
    Similarity Rank: 5724
    NAVY FEDERAL CREDIT UNION
    Similarity Rank: 8028
    Mortgage Research Center, LLC
    Similarity Rank: 10153

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 143 $22,245,000 $155,559 $1,691 3.54%

    For 2021, Gouverneur Savings And Loan Association's most frequently originated type of loan was Conventional, with 143 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 73 $12,325,000 $168,836 $1,793 3.72%
    Refi 46 $6,830,000 $148,478 $1,630 3.31%
    Cash Out Refi 16 $2,090,000 $130,625 $1,606 3.24%
    Other 6 $910,000 $151,667 $1,237 3.69%
    Home Improvement 2 $90,000 $45,000 $1,079 4.38%

    For 2021, Gouverneur Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 54 $9,610,000 $177,963 $1,612 3.64%
    15 Year 30 $3,570,000 $119,000 $1,510 3.14%
    20 Year 24 $3,510,000 $146,250 $1,449 3.30%
    30+ year 15 $3,115,000 $207,667 $2,863 3.87%
    10 Year 8 $550,000 $68,750 $1,314 4.02%
    Other 6 $710,000 $118,333 $1,836 3.21%
    5 Year 5 $1,145,000 $229,000 $0 4.40%
    1 Year 1 $35,000 $35,000 $0 5.50%

    For 2021, Gouverneur Savings And Loan Association's most frequently cited loan duration was 30 Year, with 54 originations. The 2nd most popular length was 15 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 26 $4,910,000 $188,846
    $1k-2k 18 $3,500,000 $194,444

    Gouverneur Savings And Loan Association's average total fees were $1,612, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 26 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 73 $11,275,000 $154,452
    2.5-3% 34 $6,260,000 $184,118
    4-5% 27 $3,545,000 $131,296
    <2.5% 7 $1,105,000 $157,857
    5-6% 1 $35,000 $35,000
    Over 8% 1 $25,000 $25,000

    During 2021, Gouverneur Savings And Loan Association's average interest rate for loans was 3.64%, while their most frequently originated rate bucket for loans was 3-4%, with 73 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 64 $8,870,000 $138,594 $1,693 3.42%
    $100,000 or less 46 $3,040,000 $66,087 $1,302 3.82%
    $200k-400k 27 $7,345,000 $272,037 $2,025 3.34%
    $400k-600k 5 $2,375,000 $475,000 $3,730 3.65%
    $600k-1MM 1 $615,000 $615,000 $3,106 3.75%

    2021 saw Gouverneur Savings And Loan Association place emphasis on $100k-200k loans with 64 originations, totaling $8,870,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 36 $5,490,000 $152,500 $1,930 3.41%
    $50k-75k 30 $2,760,000 $92,000 $1,441 3.83%
    $150k-250k 26 $5,340,000 $205,385 $1,838 3.33%
    $75k-100k 25 $3,075,000 $123,000 $1,542 3.70%
    $250k+ 13 $4,095,000 $315,000 $2,225 3.38%
    $50k or less 13 $1,485,000 $114,231 $1,111 3.55%

    Gouverneur Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 36 originations. The second most popular income band? $50k-75k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 48 $7,290,000 $151,875 $1,804 3.46%
    30-36% 33 $5,135,000 $155,606 $1,681 3.54%
    <20% 18 $2,290,000 $127,222 $1,581 3.53%
    39% 10 $1,820,000 $182,000 $1,699 3.61%
    36% 9 $1,495,000 $166,111 $1,394 3.56%
    40% 6 $730,000 $121,667 $1,247 3.48%
    38% 5 $785,000 $157,000 $1,517 3.50%
    37% 4 $790,000 $197,500 $2,243 3.16%
    41% 2 $380,000 $190,000 $2,497 3.21%
    42% 1 $55,000 $55,000 $1,040 3.50%
    50-60% 1 $295,000 $295,000 $1,495 3.50%

    Gouverneur Savings And Loan Association lent most frequently to those with DTI ratios of 20-30%, with 48 originations. The next most common DTI ratio? 30-36%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 136 $21,230,000 $156,103 $1,690 3.56%
    Not provided 4 $630,000 $157,500 $1,380 3.13%
    Asian 2 $270,000 $135,000 $1,795 3.25%
    American Indian 1 $115,000 $115,000 $2,808 3.00%

    Approval Rates

    Total approvals of all applications
    77.31%

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

    Pick Rate

    Approvals leading to origination
    83.22%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 143 $22,245,000 $155,559

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    143 $22,245,000 $155,559

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $525,000 $58,333 $1,440 3.49%
    40-60% 26 $2,650,000 $101,923 $1,630 3.52%
    60-80% 65 $11,495,000 $176,846 $1,770 3.63%
    80-100% 41 $6,985,000 $170,366 $1,640 3.43%
    Over 100% 2 $590,000 $295,000 $2,355 3.63%

    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 $23,581
    Gouverneur Savings and Loan Association 42 Church Street Gouverneur, NY 13642 Full Service B&M $74,718

    For 2021, Gouverneur Savings And Loan Association had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,727
    Net interest income $4,136
    Total noninterest income $1,856
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $225
    Trading account gains and fees $0
    Additional Noninterest Income $1,631
    Pre-tax net operating income $1,130
    Securities gains (or losses, -) $45
    Income before extraordinary items $1,065
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,065
    Minority interest net income $0
    Net income $1,065
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,024

    Gouverneur Savings And Loan Association's gross interest income from loans was $4,727,000.
    Gouverneur Savings And Loan Association's net interest income from loans was $4,136,000.
    Gouverneur Savings And Loan Association's fee based income from loans was $225,000.
    Gouverneur Savings And Loan Association's net income from loans was $1,065,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $591
    Provision for credit losses $34
    Total noninterest expense $4,828
    Salaries and employee benefits $2,545
    Premises and equipment expense $552
    Additional noninterest expense $1,731
    Applicable income taxes $110
    Net charge-offs $32
    Cash dividends $173

    Gouverneur Savings And Loan Association's interest expense for loans was $591,000.
    Gouverneur Savings And Loan Association's payroll and benefits expense were $2,545,000.
    Gouverneur Savings And Loan Association's property, plant and equipment expenses $552,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    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 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $101,057
    Deposits held in domestic offices $101,057
    Deposits by Individuals, partnerships, and corporations $100,905
    Deposits by U.S. Government $28
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $124
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $35,473
    Demand deposits $23,184
    Nontransaction accounts $65,584
    Money market deposit accounts (MMDAs) $10,494
    Other savings deposits (excluding MMDAs) $39,068
    Total time deposits $16,022
    Total time and savings deposits $77,873
    Noninterest-bearing deposits $12,396
    Interest-bearing deposits $88,661
    Retail deposits $98,760
    IRAs and Keogh plan accounts $4,820
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $132,773
    Cash & Balances due from depository institutions $7,641
    Interest-bearing balances $3,670
    Total securities $24,255
    Federal funds sold & reverse repurchase $0
    Net loans and leases $87,872
    Loan and leases loss allowance $609
    Trading account assets $0
    Bank premises and fixed assets $2,360
    Other real estate owned $241
    Goodwill and other intangibles $0
    All other assets $10,404

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $132,773
    Total Liabilities $105,244
    Total deposits $101,057
    Interest-bearing deposits $88,661
    Deposits held in domestic offices $101,057
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $846
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,341

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $87,872
    Loan and leases loss allowance $609
    Total loans and leases (domestic) $88,481
    All real estate loans $83,688
    Real estate loans in domestic offices $83,688
    Construction and development loans $2,792
    Residential 1-4 family construction $2,154
    Other construction, all land development and other land $638
    Loans secured by nonfarm nonresidential properties $5,268
    Nonfarm nonresidential secured by owner-occupied properties $4,476
    Commercial real estate & other non-farm, non-residential $792
    Multifamily residential real estate $417
    1-4 family residential loans $75,177
    Farmland loans $34
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,462
    To non-U.S. addressees $0
    Loans to individuals $3,318
    Credit card loans $0
    Related Plans $14
    Consumer Auto Loans $1,936
    Other loans to individuals $1,368
    All other loans & leases $13
    Loans to foreign governments and official institutions $0
    Other loans $13
    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 $22
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Gouverneur Savings and Loan Association had $87,872,000 of loans outstanding in 2021. $83,688,000 of loans were in real estate loans. $2,792,000 of loans were in development loans. $417,000 of loans were in multifamily mortgage loans. $75,177,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,936,000 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 50 $5,268 $105,360
    Nonfarm, nonresidential loans - <$100k 50 $5,268 $105,360
    Commercial & Industrial, US addressed loans - <$1MM 73 $1,462 $20,027
    Commercial & Industrial, US addressed loans - <$100k 73 $1,462 $20,027
    Farmland loans - <$1MM 1 $34 $34,000
    Farmland loans - $100-250k 1 $34 $34,000