Greenville Federal Mortgage Rates, Fees & Info

Greenville, OH

LEI: 549300SC9Z72JZIKY819

Tax ID: 34-4249480

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

    Greenville Federal is a smaller mortgage company specializing in Home Purchase loans. Greenville Federal has a high proportion of conventional loans. Their top markets by origination volume include: Dayton, Greenville, Sidney, Wapakoneta, and Celina among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Greenville Federal 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. 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.69% 4/28/24
    30 Year Conventional Refi 6.51% 4/28/24
    30 Year Cash-out Refi 7.34% 4/28/24
    15 Year Conventional Purchase 6.29% 4/28/24
    15 Year Conventional Refi 6.05% 4/28/24
    15 Year Cash-out Refi 6.05% 4/28/24
    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.

    Greenville Federal Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Greenville Federal. 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

    170

    Origination Dollar Volume (All Markets)

    $29,020,000

    Employee count

    50 Show all (5) 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
    DAYTON-KETTERING, OH (FHA|USDA|VA) 61 $13,745,000 $225,328 $1,612 4.66%
    Greenville, OH (FHA|USDA|VA) 74 $8,240,000 $111,351 $1,272 4.77%
    Sidney, OH (FHA|USDA|VA) 18 $3,940,000 $218,889 $1,486 4.74%
    Wapakoneta, OH (FHA|USDA|VA) 4 $1,150,000 $287,500 $2,040 4.69%
    Celina, OH (FHA|USDA|VA) 4 $830,000 $207,500 $1,593 4.50%
    SPRINGFIELD, OH (FHA|USDA|VA) 2 $220,000 $110,000 $1,304 4.84%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $195,000 $195,000 $2,137 4.63%
    Urbana, OH (FHA|USDA|VA) 1 $195,000 $195,000 $1,615 2.63%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $135,000 $135,000 $1,497 4.00%
    Outside of Metro Areas 2 $130,000 $65,000 $1,698 4.44%
    Angola, IN (FHA|USDA|VA) 1 $125,000 $125,000 $1,379 4.75%
    COLUMBUS, OH (FHA|USDA|VA) 1 $115,000 $115,000 $2,912 4.38%
    Greenville Federal's top markets include Dayton, Greenville, Sidney, Wapakoneta, and Celina among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • 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.

    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 69
    1st National Bank
    Similarity Rank: 117
    Guardian Savings Bank, A Federal Savings Bank
    Similarity Rank: 135
    Greenville Federal
    Similarity Rank: 192
    New Carlisle Federal Savings Bank
    Similarity Rank: 224
    Firefighters & Company FCU
    Similarity Rank: 235
    HONDA Federal Credit Union
    Similarity Rank: 330
    UNIVERSAL 1 CREDIT UNION
    Similarity Rank: 672
    M/I FINANCIAL, LLC
    Similarity Rank: 1386
    MYCUMORTGAGE, LLC
    Similarity Rank: 2346

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 170 $29,020,000 $170,706 $1,466 4.70%

    For 2018, Greenville Federal's most frequently originated type of loan was Conventional, with 170 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 109 $23,665,000 $217,110 $1,768 4.51%
    Cash Out Refi 31 $2,855,000 $92,097 $1,072 4.66%
    Refi 15 $1,965,000 $131,000 $1,251 4.71%
    Other 14 $510,000 $36,429 $294 6.15%
    Home Improvement 1 $25,000 $25,000 $432 5.80%

    For 2018, Greenville Federal's most frequently cited loan purpose was Home Purchase, with 109 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 66 $10,930,000 $165,606 $1,473 4.60%
    Other 43 $11,155,000 $259,419 $1,985 4.49%
    15 Year 38 $5,190,000 $136,579 $1,203 4.89%
    10 Year 11 $675,000 $61,364 $522 5.38%
    20 Year 8 $980,000 $122,500 $1,738 4.81%
    5 Year 4 $90,000 $22,500 $325 4.59%

    For 2018, Greenville Federal's most frequently cited loan duration was 30 Year, with 66 originations. The 2nd most popular length was Other, with 43 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 126 $16,250,000 $128,968
    $1k-2k 38 $12,030,000 $316,579
    $2k-3k 1 $125,000 $125,000

    Greenville Federal's average total fees were $1,473, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 126 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 107 $19,565,000 $182,850
    3-4% 28 $4,620,000 $165,000
    5-6% 20 $3,870,000 $193,500
    6-7% 12 $620,000 $51,667
    7-8% 2 $150,000 $75,000
    2.5-3% 1 $195,000 $195,000

    During 2018, Greenville Federal's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 107 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 61 $3,425,000 $56,148 $984 5.07%
    $100k-200k 53 $7,665,000 $144,623 $1,516 4.41%
    $200k-400k 44 $12,260,000 $278,636 $1,905 4.53%
    $400k-600k 12 $5,670,000 $472,500 $2,085 4.67%

    2018 saw Greenville Federal place emphasis on $100,000 or less loans with 61 originations, totaling $3,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 41 $3,515,000 $85,732 $1,285 4.64%
    $100k-150k 34 $7,760,000 $228,235 $1,590 4.71%
    $75k-100k 32 $5,990,000 $187,188 $1,515 4.68%
    $50k-75k 31 $3,505,000 $113,065 $1,270 4.76%
    $150k-250k 21 $6,215,000 $295,952 $1,738 4.55%
    $250k+ 7 $1,575,000 $225,000 $1,323 5.05%

    Greenville Federal lent most frequently to those with incomes in the $50k or less range, with 41 originations. The second most popular income band? $100k-150k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 42 $6,770,000 $161,190 $1,395 4.91%
    20-30% 40 $7,850,000 $196,250 $1,563 4.61%
    <20% 18 $2,300,000 $127,778 $1,356 4.34%
    36% 9 $1,665,000 $185,000 $1,311 5.19%
    44% 7 $1,175,000 $167,857 $1,487 4.64%
    40% 7 $945,000 $135,000 $1,296 4.75%
    46% 6 $750,000 $125,000 $1,597 4.43%
    45% 5 $1,015,000 $203,000 $1,678 4.33%
    38% 5 $725,000 $145,000 $1,175 4.53%
    42% 5 $1,205,000 $241,000 $1,279 5.00%
    39% 4 $1,000,000 $250,000 $1,749 4.69%
    37% 4 $660,000 $165,000 $1,852 4.66%
    41% 3 $605,000 $201,667 $1,392 4.54%
    43% 3 $1,075,000 $358,333 $1,681 4.75%
    47% 3 $245,000 $81,667 $1,124 5.08%
    48% 2 $210,000 $105,000 $839 3.88%
    49% 2 $210,000 $105,000 $1,521 4.56%

    Greenville Federal lent most frequently to those with DTI ratios of 30-36%, with 42 originations. The next most common DTI ratio? 20-30%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 161 $28,325,000 $175,932 $1,475 4.69%
    Not applicable 9 $695,000 $77,222 $1,306 4.82%

    Approval Rates

    Total approvals of all applications
    89.70%

    Greenville Federal has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.06%

    Greenville Federal has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 170 $29,020,000 $170,706

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $175,000 $175,000
    Single Family (1-4 Units):Manufactured 2 $140,000 $70,000
    Single Family (1-4 Units):Site-Built 167 $28,705,000 $171,886

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $540,000 $67,500 $806 5.60%
    40-60% 21 $2,725,000 $129,762 $1,412 4.31%
    60-80% 60 $13,080,000 $218,000 $1,758 4.43%
    80-100% 60 $11,790,000 $196,500 $1,623 4.62%
    Over 100% 2 $130,000 $65,000 $2,240 5.00%
    Under 20% 19 $755,000 $39,737 $305 5.79%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Greenville Federal 100 Lease Avenue Greenville, OH 45331 Full Service B&M $15,207
    Greenville Federal 690 Wagner Avenue Greenville, OH 45331 Full Service B&M $125,885
    Greenville Federal 731 W. Market Street Troy, OH 45373 Full Service B&M $4,535

    For 2018, Greenville Federal had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,937
    Net interest income $5,575
    Total noninterest income $1,166
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $254
    Trading account gains and fees $0
    Additional Noninterest Income $912
    Pre-tax net operating income $1,119
    Securities gains (or losses, -) $0
    Income before extraordinary items $943
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $943
    Minority interest net income $0
    Net income $943
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $943

    Greenville Federal's gross interest income from loans was $6,937,000.
    Greenville Federal's net interest income from loans was $5,575,000.
    Greenville Federal's fee based income from loans was $254,000.
    Greenville Federal's net income from loans was $943,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,362
    Provision for credit losses $95
    Total noninterest expense $5,527
    Salaries and employee benefits $2,740
    Premises and equipment expense $704
    Additional noninterest expense $2,083
    Applicable income taxes $176
    Net charge-offs $59
    Cash dividends $0

    Greenville Federal's interest expense for loans was $1,362,000.
    Greenville Federal's payroll and benefits expense were $2,740,000.
    Greenville Federal's property, plant and equipment expenses $704,000.

    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 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $151,288
    Deposits held in domestic offices $151,288
    Deposits by Individuals, partnerships, and corporations $103,960
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $40,135
    Deposits by Commercial banks and other depository institutions in U.S. $7,193
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $36,669
    Demand deposits $26,312
    Nontransaction accounts $114,619
    Money market deposit accounts (MMDAs) $200
    Other savings deposits (excluding MMDAs) $39,405
    Total time deposits $75,014
    Total time and savings deposits $124,976
    Noninterest-bearing deposits $27,882
    Interest-bearing deposits $123,406
    Retail deposits $112,194
    IRAs and Keogh plan accounts $7,303
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $181,135
    Cash & Balances due from depository institutions $10,895
    Interest-bearing balances $7,752
    Total securities $1,970
    Federal funds sold & reverse repurchase $0
    Net loans and leases $157,171
    Loan and leases loss allowance $925
    Trading account assets $0
    Bank premises and fixed assets $3,169
    Other real estate owned $60
    Goodwill and other intangibles $647
    All other assets $7,223

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $181,135
    Total Liabilities $161,174
    Total deposits $151,288
    Interest-bearing deposits $123,406
    Deposits held in domestic offices $151,288
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $8,701
    Subordinated debt $0
    All other liabilities $1,185

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $157,171
    Loan and leases loss allowance $925
    Total loans and leases (domestic) $158,096
    All real estate loans $141,350
    Real estate loans in domestic offices $141,350
    Construction and development loans $11,615
    Residential 1-4 family construction $8,422
    Other construction, all land development and other land $3,193
    Loans secured by nonfarm nonresidential properties $18,211
    Nonfarm nonresidential secured by owner-occupied properties $15,518
    Commercial real estate & other non-farm, non-residential $2,693
    Multifamily residential real estate $3,402
    1-4 family residential loans $106,732
    Farmland loans $1,390
    Loans held in foreign offices $0
    Farm loans $300
    Commercial and industrial loans $14,982
    To non-U.S. addressees $0
    Loans to individuals $1,451
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $878
    Other loans to individuals $573
    All other loans & leases $12
    Loans to foreign governments and official institutions $0
    Other loans $12
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Greenville Federal had $157,171,000 of loans outstanding in 2018. $141,350,000 of loans were in real estate loans. $11,615,000 of loans were in development loans. $3,402,000 of loans were in multifamily mortgage loans. $106,732,000 of loans were in 1-4 family mortgage loans. $300,000 of loans were in farm loans. $0 of loans were in credit card loans. $878,000 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 68 $13,120 $192,941
    Nonfarm, nonresidential loans - <$100k 26 $1,061 $40,808
    Nonfarm, nonresidential loans - $100-250k 16 $2,283 $142,688
    Nonfarm, nonresidential loans - $250k-1MM 26 $9,776 $376,000
    Commercial & Industrial, US addressed loans - <$1MM 157 $10,507 $66,924
    Commercial & Industrial, US addressed loans - <$100k 115 $1,817 $15,800
    Commercial & Industrial, US addressed loans - $100-250k 20 $2,399 $119,950
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $6,291 $285,955
    Farmland loans - <$1MM 9 $1,390 $154,444
    Farmland loans - <$100k 2 $41 $20,500
    Farmland loans - $100-250k 2 $153 $76,500
    Farmland loans - $250k-1MM 5 $1,196 $239,200
    Agriculture operations loans - <$1MM 8 $300 $37,500
    Agriculture operations loans - <$100k 8 $300 $37,500