Greenville Federal Mortgage Rates, Fees & Info
Greenville, OHLEI: 549300SC9Z72JZIKY819
Tax ID: 34-4249480
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Mortgage Data
Review & Overview
Greenville Federal is a smaller mortgage company specializing in Home Purchase loans. Greenville Federal has a high proportion of conventional loans. Greenville Federal has a high proportion of conventional loans. Their top markets by origination volume include: Dayton, Greenville, Sidney, Springfield, and Columbus among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Greenville Federal 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. Greenville Federal 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.68% | 4/5/25 |
| 30 Year Conventional Refi | 6.30% | 4/5/25 |
| 30 Year Cash-out Refi | 6.88% | 4/5/25 |
| 15 Year Conventional Purchase | 6.04% | 4/5/25 |
| 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. | ||
Greenville Federal Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
121Origination Dollar Volume (All Markets)
$29,635,000Awards
Greenville Federal - 2024
Greenville Federal is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Greenville Federal's average 30 year fixed mortgage rate was
6.48%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.07%.
Relative Fees (Closing Costs)
Greenville Federal's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,463.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 66 | $19,390,000 | $293,788 | $2,591 | 6.46% |
| Greenville, OH (FHA|USDA|VA) | 38 | $4,370,000 | $115,000 | $1,880 | 6.91% |
| Sidney, OH (FHA|USDA|VA) | 4 | $2,030,000 | $507,500 | $2,995 | 6.41% |
| Outside of Metro Areas | 6 | $1,220,000 | $203,333 | $2,292 | 7.03% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $2,551 | 8.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| Somerset, KY (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Urbana, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,036 | 7.50% |
| Van Wert, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Greenville Federal 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 | 92 | $20,580,000 | $223,696 | $2,328 | 6.67% |
| Conventional | 29 | $9,055,000 | $312,241 | $0 | 0.00% |
For 2024, Greenville Federal's most frequently originated type of loan was Conventional, with 92 originations. Their 2nd most popular type was Conventional, with 29 originations.
Loan Reason
For 2024, Greenville Federal's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
For 2024, Greenville Federal's most frequently cited loan duration was Other, with 46 originations. The 2nd most popular length was 30 Year, with 42 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 53 | $11,055,000 | $208,585 |
| $2k-3k | 21 | $8,615,000 | $410,238 |
| $<1k | 18 | $910,000 | $50,556 |
Greenville Federal's average total fees were $2,463, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 53 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 52 | $13,810,000 | $265,577 |
| 5-6% | 16 | $4,750,000 | $296,875 |
| 7-8% | 16 | $1,510,000 | $94,375 |
| Over 8% | 7 | $465,000 | $66,429 |
| 4-5% | 1 | $45,000 | $45,000 |
During 2024, Greenville Federal's average interest rate for loans was 6.48%, while their most frequently originated rate bucket for loans was 6-7%, with 52 originations.
Loan Sizing
2024 saw Greenville Federal place emphasis on $200k-400k loans with 40 originations, totaling $11,890,000 in origination value.
Applicant Income
Greenville Federal lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $150k-250k, with 21 originations.
Applicant Debt to Income Ratio
Greenville Federal lent most frequently to those with DTI ratios of Exempt%, with 29 originations. The next most common DTI ratio? 30-36%, with 17 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.22%
Greenville Federal has an average approval rate.
Pick Rate
Approvals leading to origination88.43%
Greenville Federal has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 29 | $9,055,000 | $312,241 |
| NA | 92 | $20,580,000 | $223,696 |