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

Jump to:

  • 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)

    • Review & Overview

    Gouverneur Savings And Loan Association is a smaller mortgage company specializing in Home Purchase 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% 5/4/24
    30 Year Conventional Refi 6.20% 5/4/24
    30 Year Cash-out Refi 6.41% 5/4/24
    15 Year Conventional Purchase 5.48% 5/4/24
    15 Year Conventional Refi 5.13% 5/4/24
    15 Year Cash-out Refi 5.13% 5/4/24
    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

    101

    Origination Dollar Volume (All Markets)

    $13,235,000

    Awards

    Gouverneur Savings and Loan Association 30 Year Conventional Loans gold Gouverneur Savings and Loan Association 30 Year Conventional Loans gold
    Show all (2) 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) 54 $6,550,000 $121,296 $1,549 4.76%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 40 $5,660,000 $141,500 $1,874 4.79%
    Outside of Metro Areas 7 $1,025,000 $146,429 $1,824 4.59%
    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: 6
    Gouverneur Savings and Loan Association
    Similarity Rank: 12
    NBT Bank
    Similarity Rank: 352
    NORTHERN CREDIT UNION
    Similarity Rank: 390
    AMERICU Credit Union
    Similarity Rank: 391
    Genesee Regional Bank
    Similarity Rank: 403
    Community Bank
    Similarity Rank: 960
    NAVY FEDERAL CREDIT UNION
    Similarity Rank: 2652
    KeyBank
    Similarity Rank: 6972
    HOMESTEAD FUNDING CORP.
    Similarity Rank: 7504

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 101 $13,235,000 $131,040 $1,698 4.76%

    For 2022, Gouverneur Savings And Loan Association's most frequently originated type of loan was Conventional, with 101 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 57 $8,065,000 $141,491 $2,000 4.88%
    Refi 16 $2,160,000 $135,000 $1,350 4.43%
    Cash Out Refi 16 $2,250,000 $140,625 $1,436 4.56%
    Home Improvement 7 $295,000 $42,143 $847 5.11%
    Other 5 $465,000 $93,000 $1,334 4.63%

    For 2022, Gouverneur Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 29 $4,505,000 $155,345 $1,248 4.83%
    15 Year 17 $1,395,000 $82,059 $1,293 4.32%
    20 Year 16 $1,940,000 $121,250 $1,633 4.72%
    Other 15 $1,725,000 $115,000 $1,718 5.07%
    30+ year 14 $2,660,000 $190,000 $3,237 4.74%
    10 Year 7 $925,000 $132,143 $2,045 4.82%
    5 Year 2 $80,000 $40,000 $68 5.50%
    3 Year 1 $5,000 $5,000 $51 4.75%

    For 2022, Gouverneur Savings And Loan Association's most frequently cited loan duration was 30 Year, with 29 originations. The 2nd most popular length was 15 Year, with 17 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 21 $3,705,000 $176,429
    $<1k 4 $570,000 $142,500
    $2k-3k 1 $265,000 $265,000

    Gouverneur Savings And Loan Association's average total fees were $1,248, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 21 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 47 $6,615,000 $140,745
    5-6% 28 $3,350,000 $119,643
    3-4% 20 $2,730,000 $136,500
    6-7% 6 $540,000 $90,000

    During 2022, Gouverneur Savings And Loan Association's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 47 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,750,000 $62,500 $1,322 4.90%
    $100k-200k 37 $5,205,000 $140,676 $1,789 4.78%
    $200k-400k 19 $4,815,000 $253,421 $2,259 4.42%
    $400k-600k 1 $465,000 $465,000 $3,885 4.50%

    2022 saw Gouverneur Savings And Loan Association place emphasis on $100,000 or less loans with 44 originations, totaling $2,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 25 $2,825,000 $113,000 $1,494 4.82%
    $100k-150k 23 $3,315,000 $144,130 $1,891 4.94%
    $50k-75k 22 $1,910,000 $86,818 $1,374 4.87%
    $150k-250k 15 $3,015,000 $201,000 $1,784 4.53%
    $50k or less 9 $795,000 $88,333 $2,113 4.79%
    $250k+ 6 $1,300,000 $216,667 $2,164 3.96%

    Gouverneur Savings And Loan Association lent most frequently to those with incomes in the $75k-100k range, with 25 originations. The second most popular income band? $100k-150k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 34 $4,370,000 $128,529 $1,630 4.68%
    30-36% 29 $3,595,000 $123,966 $1,846 4.88%
    <20% 17 $2,285,000 $134,412 $1,448 4.62%
    39% 5 $915,000 $183,000 $3,050 4.55%
    36% 4 $280,000 $70,000 $865 4.88%
    37% 4 $590,000 $147,500 $1,519 4.81%
    >60% 2 $290,000 $145,000 $2,077 5.13%
    38% 2 $280,000 $140,000 $1,169 6.00%
    40% 2 $180,000 $90,000 $1,146 5.00%
    43% 1 $375,000 $375,000 $2,680 3.25%

    Gouverneur Savings And Loan Association lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? 30-36%, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 98 $12,860,000 $131,224 $1,695 4.76%
    Asian Indian 1 $195,000 $195,000 $2,980 5.00%
    Not provided 1 $105,000 $105,000 $1,271 4.75%
    American Indian 1 $75,000 $75,000 $1,144 4.50%

    Approval Rates

    Total approvals of all applications
    80.14%

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

    Pick Rate

    Approvals leading to origination
    89.11%

    Gouverneur Savings And Loan Association has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 101 $13,235,000 $131,040

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    101 $13,235,000 $131,040

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $380,000 $63,333 $1,578 5.04%
    40-60% 19 $2,105,000 $110,789 $2,005 4.70%
    60-80% 38 $6,300,000 $165,789 $1,886 4.67%
    80-100% 33 $4,295,000 $130,152 $1,491 4.91%
    Under 20% 5 $155,000 $31,000 $684 4.40%