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 Refi and Home Purchase loans. Greenville Federal has a high proportion of conventional loans. Greenville Federal has a low ratio of conventional loans. Their top markets by origination volume include: Dayton, Greenville, Sidney, Celina, and Wapakoneta among others. We have data for 15 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.

    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 6.69% 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

    483

    Origination Dollar Volume (All Markets)

    $101,705,000

    Employee count

    53 Show all (6) 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) 200 $51,500,000 $257,500 $2,054 3.04%
    Greenville, OH (FHA|USDA|VA) 193 $28,145,000 $145,829 $1,655 3.05%
    Sidney, OH (FHA|USDA|VA) 33 $8,205,000 $248,636 $1,870 3.10%
    Celina, OH (FHA|USDA|VA) 17 $4,735,000 $278,529 $1,851 2.97%
    Wapakoneta, OH (FHA|USDA|VA) 12 $4,040,000 $336,667 $1,834 3.06%
    Outside of Metro Areas 13 $2,105,000 $161,923 $1,518 2.93%
    SPRINGFIELD, OH (FHA|USDA|VA) 4 $990,000 $247,500 $2,079 3.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $505,000 $505,000 $3,513 3.13%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $400,000 $200,000 $2,035 3.63%
    Findlay, OH (FHA|USDA|VA) 1 $305,000 $305,000 $2,831 2.88%
    Richmond, IN (FHA|USDA|VA) 2 $240,000 $120,000 $1,857 3.38%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,211 4.00%
    COLUMBUS, OH (FHA|USDA|VA) 2 $170,000 $85,000 $1,868 2.81%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $145,000 $145,000 $1,440 3.00%
    Urbana, OH (FHA|USDA|VA) 1 $35,000 $35,000 $746 5.93%
    Greenville Federal's top markets include Dayton, Greenville, Sidney, Celina, and Wapakoneta among others.

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

    SIBCY CLINE MORTGAGE SERVICES, INC.
    Similarity Rank: 248
    Day Air Credit Union, Inc
    Similarity Rank: 264
    Greenville Federal
    Similarity Rank: 540
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 630
    LCNB National Bank
    Similarity Rank: 702
    Guardian Savings Bank, A Federal Savings Bank
    Similarity Rank: 990
    HONDA Federal Credit Union
    Similarity Rank: 1092
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1392
    UNIVERSAL 1 CREDIT UNION
    Similarity Rank: 1650
    American Midwest Mortgage Corporation
    Similarity Rank: 2552

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 473 $98,085,000 $207,368 $1,854 3.06%
    Conventional 10 $3,620,000 $362,000 $0 0.00%

    For 2020, Greenville Federal's most frequently originated type of loan was Conventional, with 473 originations. Their 2nd most popular type was Conventional, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 218 $47,390,000 $217,385 $1,769 2.91%
    Home Purchase 149 $35,045,000 $235,201 $2,167 3.23%
    Cash Out Refi 110 $18,680,000 $169,818 $1,665 3.02%
    Home Improvement 5 $555,000 $111,000 $754 5.38%
    Other 1 $35,000 $35,000 $746 5.93%

    For 2020, Greenville Federal's most frequently cited loan purpose was Refi, with 218 originations. The 2nd most popular reason was Home Purchase, with 149 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 178 $38,890,000 $218,483 $2,195 3.15%
    Other 121 $28,905,000 $238,884 $1,861 3.00%
    15 Year 85 $16,175,000 $190,294 $1,420 2.87%
    20 Year 77 $14,595,000 $189,545 $1,703 3.08%
    10 Year 19 $3,065,000 $161,316 $1,409 2.85%
    5 Year 2 $10,000 $5,000 $505 6.44%
    1 Year 1 $65,000 $65,000 $263 4.25%

    For 2020, Greenville Federal's most frequently cited loan duration was 30 Year, with 178 originations. The 2nd most popular length was Other, with 121 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 400 $75,360,000 $188,400
    $1k-2k 73 $22,725,000 $311,301

    Greenville Federal's average total fees were $2,195, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 400 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 244 $48,440,000 $198,525
    3-4% 175 $41,745,000 $238,543
    <2.5% 40 $6,950,000 $173,750
    4-5% 9 $805,000 $89,444
    5-6% 2 $90,000 $45,000
    6-7% 2 $10,000 $5,000
    7-8% 1 $45,000 $45,000

    During 2020, Greenville Federal's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 2.5-3%, with 244 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 179 $51,145,000 $285,726 $2,039 3.00%
    $100k-200k 177 $25,855,000 $146,073 $1,764 2.97%
    $100,000 or less 89 $6,115,000 $68,708 $1,426 3.30%
    $400k-600k 35 $16,105,000 $460,143 $2,443 3.16%
    $600k-1MM 3 $2,485,000 $828,333 $2,248 3.50%

    2020 saw Greenville Federal place emphasis on $200k-400k loans with 179 originations, totaling $51,145,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 133 $32,095,000 $241,316 $1,924 3.12%
    $50k-75k 95 $13,435,000 $141,421 $1,788 3.04%
    $75k-100k 89 $15,905,000 $178,708 $1,762 3.04%
    $150k-250k 77 $24,585,000 $319,286 $2,061 3.03%
    $50k or less 62 $7,010,000 $113,065 $1,766 3.08%
    $250k+ 14 $4,450,000 $317,857 $1,903 2.83%

    Greenville Federal lent most frequently to those with incomes in the $100k-150k range, with 133 originations. The second most popular income band? $50k-75k, with 95 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 165 $35,345,000 $214,212 $1,920 3.05%
    <20% 94 $16,590,000 $176,489 $1,763 2.95%
    30-36% 82 $17,970,000 $219,146 $1,917 3.06%
    40% 13 $3,185,000 $245,000 $2,110 3.05%
    37% 13 $1,925,000 $148,077 $1,555 3.28%
    38% 13 $1,995,000 $153,462 $1,588 3.63%
    42% 12 $2,650,000 $220,833 $2,030 3.05%
    36% 12 $2,670,000 $222,500 $1,881 3.18%
    41% 10 $2,690,000 $269,000 $1,946 3.21%
    39% 10 $3,320,000 $332,000 $2,168 3.08%
    44% 10 $2,450,000 $245,000 $1,747 2.88%
    Exempt% 10 $3,620,000 $362,000 $0 0.00%
    43% 9 $1,965,000 $218,333 $1,827 3.17%
    47% 6 $900,000 $150,000 $1,446 2.85%
    48% 5 $825,000 $165,000 $1,596 2.93%
    46% 5 $935,000 $187,000 $1,759 3.15%
    50-60% 4 $850,000 $212,500 $1,728 2.84%
    49% 2 $350,000 $175,000 $2,490 3.50%
    45% 2 $380,000 $190,000 $2,145 3.75%

    Greenville Federal lent most frequently to those with DTI ratios of 20-30%, with 165 originations. The next most common DTI ratio? <20%, with 94 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 471 $97,245,000 $206,465 $1,848 3.06%
    Native Hawaiian or Islander 7 $3,135,000 $447,857 $0 0.00%
    Not provided 4 $1,270,000 $317,500 $2,664 3.03%
    Filipino 1 $55,000 $55,000 $1,411 2.88%

    Approval Rates

    Total approvals of all applications
    95.69%

    Greenville Federal has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    85.09%

    Greenville Federal has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 10 $3,620,000 $362,000
    NA 473 $98,085,000 $207,368

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $2,105,000 $701,667
    Single Family (1-4 Units):Manufactured 2 $200,000 $100,000
    Single Family (1-4 Units):Site-Built 478 $99,400,000 $207,950

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $2,215,000 $88,600 $1,233 2.89%
    40-60% 92 $16,010,000 $174,022 $1,604 2.78%
    60-80% 235 $51,365,000 $218,574 $1,887 3.08%
    80-100% 115 $28,245,000 $245,609 $2,176 3.15%
    Under 20% 6 $250,000 $41,667 $856 5.20%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Greenville Federal 100 Lease Avenue Greenville, OH 45331 Full Service B&M $17,004
    Greenville Federal 500 W Main St Tipp City, OH 45371 Full Service B&M $8,111
    Greenville Federal 690 Wagner Avenue Greenville, OH 45331 Full Service B&M $148,173
    Greenville Federal 731 W. Market Street Troy, OH 45373 Full Service B&M $13,013

    For 2020, Greenville Federal had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,062
    Net interest income $5,396
    Total noninterest income $2,228
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $230
    Trading account gains and fees $0
    Additional Noninterest Income $1,998
    Pre-tax net operating income $692
    Securities gains (or losses, -) $0
    Income before extraordinary items $591
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $591
    Minority interest net income $0
    Net income $591
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $591

    Greenville Federal's gross interest income from loans was $7,062,000.
    Greenville Federal's net interest income from loans was $5,396,000.
    Greenville Federal's fee based income from loans was $230,000.
    Greenville Federal's net income from loans was $591,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,666
    Provision for credit losses $386
    Total noninterest expense $6,546
    Salaries and employee benefits $3,166
    Premises and equipment expense $912
    Additional noninterest expense $2,468
    Applicable income taxes $101
    Net charge-offs $224
    Cash dividends $1,424

    Greenville Federal's interest expense for loans was $1,666,000.
    Greenville Federal's payroll and benefits expense were $3,166,000.
    Greenville Federal's property, plant and equipment expenses $912,000.

    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 1.0%
    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 $189,769
    Deposits held in domestic offices $189,769
    Deposits by Individuals, partnerships, and corporations $147,303
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $34,591
    Deposits by Commercial banks and other depository institutions in U.S. $7,875
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $60,656
    Demand deposits $43,259
    Nontransaction accounts $129,113
    Money market deposit accounts (MMDAs) $840
    Other savings deposits (excluding MMDAs) $49,628
    Total time deposits $78,645
    Total time and savings deposits $146,510
    Noninterest-bearing deposits $44,336
    Interest-bearing deposits $145,433
    Retail deposits $157,065
    IRAs and Keogh plan accounts $8,771
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $212,611
    Cash & Balances due from depository institutions $30,137
    Interest-bearing balances $25,942
    Total securities $7,589
    Federal funds sold & reverse repurchase $0
    Net loans and leases $162,186
    Loan and leases loss allowance $1,140
    Trading account assets $0
    Bank premises and fixed assets $4,221
    Other real estate owned $0
    Goodwill and other intangibles $724
    All other assets $7,754

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $212,611
    Total Liabilities $192,733
    Total deposits $189,769
    Interest-bearing deposits $145,433
    Deposits held in domestic offices $189,769
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $497
    Subordinated debt $0
    All other liabilities $2,467

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $162,186
    Loan and leases loss allowance $1,140
    Total loans and leases (domestic) $163,326
    All real estate loans $139,843
    Real estate loans in domestic offices $139,843
    Construction and development loans $13,259
    Residential 1-4 family construction $9,964
    Other construction, all land development and other land $3,295
    Loans secured by nonfarm nonresidential properties $16,857
    Nonfarm nonresidential secured by owner-occupied properties $13,712
    Commercial real estate & other non-farm, non-residential $3,145
    Multifamily residential real estate $8,217
    1-4 family residential loans $100,408
    Farmland loans $1,102
    Loans held in foreign offices $0
    Farm loans $261
    Commercial and industrial loans $21,710
    To non-U.S. addressees $0
    Loans to individuals $1,501
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $914
    Other loans to individuals $587
    All other loans & leases $11
    Loans to foreign governments and official institutions $0
    Other loans $11
    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 $64
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Greenville Federal had $162,186,000 of loans outstanding in 2020. $139,843,000 of loans were in real estate loans. $13,259,000 of loans were in development loans. $8,217,000 of loans were in multifamily mortgage loans. $100,408,000 of loans were in 1-4 family mortgage loans. $261,000 of loans were in farm loans. $0 of loans were in credit card loans. $914,000 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 62 $12,658 $204,161
    Nonfarm, nonresidential loans - <$100k 22 $841 $38,227
    Nonfarm, nonresidential loans - $100-250k 14 $1,979 $141,357
    Nonfarm, nonresidential loans - $250k-1MM 26 $9,838 $378,385
    Commercial & Industrial, US addressed loans - <$1MM 226 $14,587 $64,544
    Commercial & Industrial, US addressed loans - <$100k 168 $2,483 $14,780
    Commercial & Industrial, US addressed loans - $100-250k 29 $2,660 $91,724
    Commercial & Industrial, US addressed loans - $250k-1MM 29 $9,444 $325,655
    Farmland loans - <$1MM 11 $1,102 $100,182
    Farmland loans - <$100k 5 $126 $25,200
    Farmland loans - $100-250k 3 $314 $104,667
    Farmland loans - $250k-1MM 3 $662 $220,667
    Agriculture operations loans - <$1MM 8 $261 $32,625
    Agriculture operations loans - <$100k 8 $261 $32,625