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 and Refi loans. Greenville Federal has a high proportion of conventional loans. Greenville Federal has an average proportion of conventional loans. Their top markets by origination volume include: Dayton, Greenville, Sidney, Celina, and Wapakoneta among others. We have data for 11 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.

    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

    269

    Origination Dollar Volume (All Markets)

    $63,295,000

    Employee count

    50

    Awards

    Greenville Federal 30 Year Conventional Loans bronze Greenville Federal 30 Year Conventional Loans silver Greenville Federal 30 Year Conventional Loans silver Greenville Federal 30 Year Conventional Loans silver
    Show all (4) 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) 106 $32,460,000 $306,226 $2,345 2.93%
    Greenville, OH (FHA|USDA|VA) 119 $20,155,000 $169,370 $1,868 2.90%
    Sidney, OH (FHA|USDA|VA) 15 $3,115,000 $207,667 $2,102 2.92%
    Celina, OH (FHA|USDA|VA) 8 $2,590,000 $323,750 $2,204 3.05%
    Wapakoneta, OH (FHA|USDA|VA) 7 $1,895,000 $270,714 $1,969 2.88%
    Outside of Metro Areas 7 $1,235,000 $176,429 $2,001 3.09%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $590,000 $295,000 $2,624 2.81%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $515,000 $515,000 $4,449 2.75%
    COLUMBUS, OH (FHA|USDA|VA) 2 $360,000 $180,000 $2,875 3.06%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $245,000 $245,000 $1,671 3.50%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $135,000 $135,000 $1,451 2.50%
    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)
  • Tennessee (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.

    Superior Credit Union, Inc.
    Similarity Rank: 355
    Day Air Credit Union, Inc
    Similarity Rank: 432
    GENERAL ELECTRIC CREDIT UNION
    Similarity Rank: 432
    Greenville Federal
    Similarity Rank: 462
    SIBCY CLINE MORTGAGE SERVICES, INC.
    Similarity Rank: 504
    LCNB National Bank
    Similarity Rank: 624
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 642
    Guardian Savings Bank, A Federal Savings Bank
    Similarity Rank: 945
    1st National Bank
    Similarity Rank: 1044
    KH NETWORK CREDIT UNION
    Similarity Rank: 1344

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 255 $59,015,000 $231,431 $2,097 2.92%
    Conventional 14 $4,280,000 $305,714 $0 0.00%

    For 2021, Greenville Federal's most frequently originated type of loan was Conventional, with 255 originations. Their 2nd most popular type was Conventional, with 14 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 134 $36,610,000 $273,209 $2,278 3.06%
    Cash Out Refi 64 $11,680,000 $182,500 $2,018 2.84%
    Refi 60 $13,390,000 $223,167 $1,882 2.67%
    Other 10 $1,600,000 $160,000 $1,865 2.90%
    Home Improvement 1 $15,000 $15,000 $266 5.13%

    For 2021, Greenville Federal's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Cash Out Refi, with 64 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 90 $19,410,000 $215,667 $2,604 3.04%
    Other 87 $25,445,000 $292,471 $1,992 2.98%
    15 Year 50 $9,540,000 $190,800 $1,479 2.71%
    20 Year 30 $6,940,000 $231,333 $2,091 2.90%
    10 Year 12 $1,960,000 $163,333 $1,527 2.56%

    For 2021, Greenville Federal's most frequently cited loan duration was 30 Year, with 90 originations. The 2nd most popular length was Other, with 87 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 174 $31,890,000 $183,276
    $1k-2k 73 $24,425,000 $334,589
    $2k-3k 7 $2,225,000 $317,857
    $3k-4k 1 $475,000 $475,000

    Greenville Federal's average total fees were $2,604, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 174 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 118 $26,750,000 $226,695
    3-4% 71 $20,815,000 $293,169
    <2.5% 60 $11,040,000 $184,000
    4-5% 4 $360,000 $90,000
    5-6% 2 $50,000 $25,000

    During 2021, Greenville Federal's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 2.5-3%, with 118 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 96 $28,440,000 $296,250 $2,350 2.89%
    $100k-200k 91 $13,395,000 $147,198 $1,946 2.92%
    $100,000 or less 49 $3,615,000 $73,776 $1,507 2.86%
    $400k-600k 31 $15,065,000 $485,968 $2,626 3.07%
    $1MM+ 1 $1,825,000 $1,825,000 $0 0.00%
    $600k-1MM 1 $955,000 $955,000 $2,006 3.25%

    2021 saw Greenville Federal place emphasis on $200k-400k loans with 96 originations, totaling $28,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 65 $19,055,000 $293,154 $2,327 2.90%
    $50k-75k 52 $8,240,000 $158,462 $1,974 3.01%
    $50k or less 46 $4,610,000 $100,217 $1,888 2.94%
    $75k-100k 42 $8,810,000 $209,762 $2,180 2.99%
    $150k-250k 40 $14,180,000 $354,500 $2,129 2.80%
    $250k+ 10 $4,100,000 $410,000 $2,091 2.70%

    Greenville Federal lent most frequently to those with incomes in the $100k-150k range, with 65 originations. The second most popular income band? $50k-75k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 74 $17,580,000 $237,568 $2,185 2.89%
    30-36% 51 $11,805,000 $231,471 $2,183 2.90%
    <20% 44 $7,620,000 $173,182 $1,785 2.69%
    Exempt% 14 $4,280,000 $305,714 $0 0.00%
    39% 13 $4,235,000 $325,769 $2,113 2.99%
    37% 8 $1,300,000 $162,500 $1,447 3.19%
    41% 8 $2,400,000 $300,000 $2,234 2.98%
    42% 7 $875,000 $125,000 $1,896 3.09%
    44% 7 $1,775,000 $253,571 $2,334 3.16%
    36% 6 $1,530,000 $255,000 $2,190 3.04%
    38% 6 $1,770,000 $295,000 $2,261 2.94%
    45% 6 $1,880,000 $313,333 $2,635 2.92%
    40% 5 $985,000 $197,000 $2,562 3.15%
    43% 4 $650,000 $162,500 $2,504 2.91%
    48% 3 $1,775,000 $591,667 $2,409 3.29%
    >60% 3 $385,000 $128,333 $684 3.75%
    46% 3 $575,000 $191,667 $1,939 3.46%
    47% 2 $740,000 $370,000 $2,778 3.19%
    49% 2 $660,000 $330,000 $2,018 2.69%
    50-60% 2 $340,000 $170,000 $2,935 2.94%

    Greenville Federal lent most frequently to those with DTI ratios of 20-30%, with 74 originations. The next most common DTI ratio? 30-36%, with 51 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 253 $58,285,000 $230,375 $2,093 2.92%
    Not applicable 12 $4,010,000 $334,167 $0 0.00%
    Not provided 3 $655,000 $218,333 $2,296 3.21%
    Filipino 1 $345,000 $345,000 $2,408 3.25%

    Approval Rates

    Total approvals of all applications
    96.84%

    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
    86.25%

    Greenville Federal has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 14 $4,280,000 $305,714
    NA 255 $59,015,000 $231,431

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    269 $63,295,000 $235,297

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $885,000 $80,455 $1,373 2.90%
    40-60% 52 $8,720,000 $167,692 $1,684 2.63%
    60-80% 118 $30,230,000 $256,186 $2,240 2.96%
    80-100% 73 $19,165,000 $262,534 $2,295 3.03%
    Under 20% 1 $15,000 $15,000 $266 5.13%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Greenville Federal 100 Lease Avenue Greenville, OH 45331 Full Service B&M $20,248
    Greenville Federal 500 W Main St Tipp City, OH 45371 Full Service B&M $10,498
    Greenville Federal 690 Wagner Avenue Greenville, OH 45331 Full Service B&M $152,521
    Greenville Federal 731 W. Market Street Troy, OH 45373 Full Service B&M $14,896

    For 2021, Greenville Federal had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,375
    Net interest income $6,211
    Total noninterest income $1,790
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $243
    Trading account gains and fees $0
    Additional Noninterest Income $1,547
    Pre-tax net operating income $1,282
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,066
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,066
    Minority interest net income $0
    Net income $1,066
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,066

    Greenville Federal's gross interest income from loans was $7,375,000.
    Greenville Federal's net interest income from loans was $6,211,000.
    Greenville Federal's fee based income from loans was $243,000.
    Greenville Federal's net income from loans was $1,066,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,164
    Provision for credit losses $66
    Total noninterest expense $6,653
    Salaries and employee benefits $3,284
    Premises and equipment expense $938
    Additional noninterest expense $2,431
    Applicable income taxes $216
    Net charge-offs $15
    Cash dividends $0

    Greenville Federal's interest expense for loans was $1,164,000.
    Greenville Federal's payroll and benefits expense were $3,284,000.
    Greenville Federal's property, plant and equipment expenses $938,000.

    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 $205,208
    Deposits held in domestic offices $205,208
    Deposits by Individuals, partnerships, and corporations $166,529
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $31,068
    Deposits by Commercial banks and other depository institutions in U.S. $7,610
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $73,337
    Demand deposits $48,976
    Nontransaction accounts $131,870
    Money market deposit accounts (MMDAs) $135
    Other savings deposits (excluding MMDAs) $58,274
    Total time deposits $73,461
    Total time and savings deposits $156,231
    Noninterest-bearing deposits $50,088
    Interest-bearing deposits $155,120
    Retail deposits $173,423
    IRAs and Keogh plan accounts $8,511
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $229,146
    Cash & Balances due from depository institutions $19,380
    Interest-bearing balances $16,015
    Total securities $19,452
    Federal funds sold & reverse repurchase $0
    Net loans and leases $175,552
    Loan and leases loss allowance $1,191
    Trading account assets $0
    Bank premises and fixed assets $4,971
    Other real estate owned $0
    Goodwill and other intangibles $756
    All other assets $9,035

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $229,146
    Total Liabilities $208,096
    Total deposits $205,208
    Interest-bearing deposits $155,120
    Deposits held in domestic offices $205,208
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $422
    Subordinated debt $0
    All other liabilities $2,466

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $175,552
    Loan and leases loss allowance $1,191
    Total loans and leases (domestic) $176,743
    All real estate loans $154,951
    Real estate loans in domestic offices $154,951
    Construction and development loans $16,297
    Residential 1-4 family construction $11,041
    Other construction, all land development and other land $5,256
    Loans secured by nonfarm nonresidential properties $20,332
    Nonfarm nonresidential secured by owner-occupied properties $14,511
    Commercial real estate & other non-farm, non-residential $5,821
    Multifamily residential real estate $10,783
    1-4 family residential loans $106,345
    Farmland loans $1,194
    Loans held in foreign offices $0
    Farm loans $242
    Commercial and industrial loans $20,463
    To non-U.S. addressees $0
    Loans to individuals $1,075
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $697
    Other loans to individuals $378
    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 $60
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Greenville Federal had $175,552,000 of loans outstanding in 2021. $154,951,000 of loans were in real estate loans. $16,297,000 of loans were in development loans. $10,783,000 of loans were in multifamily mortgage loans. $106,345,000 of loans were in 1-4 family mortgage loans. $242,000 of loans were in farm loans. $0 of loans were in credit card loans. $697,000 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 60 $12,813 $213,550
    Nonfarm, nonresidential loans - <$100k 20 $687 $34,350
    Nonfarm, nonresidential loans - $100-250k 12 $1,683 $140,250
    Nonfarm, nonresidential loans - $250k-1MM 28 $10,443 $372,964
    Commercial & Industrial, US addressed loans - <$1MM 175 $12,002 $68,583
    Commercial & Industrial, US addressed loans - <$100k 127 $1,873 $14,748
    Commercial & Industrial, US addressed loans - $100-250k 25 $2,688 $107,520
    Commercial & Industrial, US addressed loans - $250k-1MM 23 $7,441 $323,522
    Farmland loans - <$1MM 9 $1,194 $132,667
    Farmland loans - <$100k 3 $65 $21,667
    Farmland loans - $100-250k 4 $489 $122,250
    Farmland loans - $250k-1MM 2 $640 $320,000
    Agriculture operations loans - <$1MM 6 $242 $40,333
    Agriculture operations loans - <$100k 6 $242 $40,333