Geddes Federal Savings And Loan Association Mortgage Rates, Fees & Info

Syracuse, NY

LEI: 549300XZF8VZFNRNBW38

Tax ID: 15-0523515

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
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    • 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

    Geddes Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Geddes Federal Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Syracuse, Auburn, Utica, Cortland, and Rochester among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Geddes Federal Savings And Loan Association has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Geddes Federal 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/21/24
    30 Year Conventional Purchase 6.46% 4/21/24
    30 Year Conventional Refi 6.06% 4/21/24
    30 Year Cash-out Refi 6.48% 4/21/24
    15 Year Conventional Purchase 5.64% 4/21/24
    15 Year Conventional Refi 5.90% 4/21/24
    15 Year Cash-out Refi 5.90% 4/21/24
    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.

    Geddes Federal 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 Geddes Federal 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

    450

    Origination Dollar Volume (All Markets)

    $70,840,000

    Employee count

    40

    Awards

    Geddes Federal Savings and Loan Association 30 Year Conventional Loans bronze
    Show all (1) 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
    SYRACUSE, NY (FHA|USDA|VA) 425 $66,515,000 $156,506 $2,654 5.19%
    Auburn, NY (FHA|USDA|VA) 8 $2,220,000 $277,500 $2,199 3.72%
    UTICA-ROME, NY (FHA|USDA|VA) 12 $1,540,000 $128,333 $2,168 3.82%
    Cortland, NY (FHA|USDA|VA) 3 $445,000 $148,333 $2,802 3.42%
    Outside of Metro Areas 1 $85,000 $85,000 $2,687 3.00%
    ROCHESTER, NY (FHA|USDA|VA) 1 $35,000 $35,000 $1,808 3.88%
    Geddes Federal Savings And Loan Association's top markets include Syracuse, Auburn, Utica, Cortland, and Rochester among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Geddes Federal Savings and Loan Association based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SECNY Federal Credit Union
    Similarity Rank: 32
    Adirondack Bank
    Similarity Rank: 63
    Geddes Federal Savings and Loan Association
    Similarity Rank: 108
    THE SUMMIT Federal Credit Union
    Similarity Rank: 377
    Pathfinder Bank
    Similarity Rank: 380
    CCFCU FUNDING, LLC
    Similarity Rank: 648
    VISIONS
    Similarity Rank: 675
    COMMONFUND MORTGAGE CORP.
    Similarity Rank: 1125
    The Lyons National Bank
    Similarity Rank: 1134
    SEFCU SERVICES, LLC
    Similarity Rank: 1326

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 417 $68,395,000 $164,017 $2,630 5.03%
    HELOC 33 $2,445,000 $74,091 n/a 6.15%

    For 2019, Geddes Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 417 originations. Their 2nd most popular type was HELOC, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 233 $46,835,000 $201,009 $3,081 5.84%
    Home Improvement 104 $8,950,000 $86,058 $1,691 4.44%
    Cash Out Refi 66 $8,790,000 $133,182 $2,154 4.23%
    Refi 36 $5,370,000 $149,167 $2,718 3.57%
    Other 11 $895,000 $81,364 $0 6.08%

    For 2019, Geddes Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 233 originations. The 2nd most popular reason was Home Improvement, with 104 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 112 $21,450,000 $191,518 $2,835 7.85%
    15 Year 112 $14,720,000 $131,429 $2,339 4.14%
    20 Year 93 $15,235,000 $163,817 $3,105 4.53%
    30 Year 91 $17,285,000 $189,945 $2,977 4.03%
    10 Year 25 $1,595,000 $63,800 $1,683 3.88%
    5 Year 16 $500,000 $31,250 $746 4.25%
    1 Year 1 $55,000 $55,000 $3,157 3.25%

    For 2019, Geddes Federal Savings And Loan Association's most frequently cited loan duration was Other, with 112 originations. The 2nd most popular length was 15 Year, with 112 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 340 $58,240,000 $171,294
    $1k-2k 31 $4,275,000 $137,903
    $2k-3k 7 $1,255,000 $179,286
    $3k-4k 2 $910,000 $455,000

    Geddes Federal Savings And Loan Association's average total fees were $2,977, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 340 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 262 $48,740,000 $186,031
    4-5% 124 $15,490,000 $124,919
    6-7% 23 $1,585,000 $68,913
    5-6% 20 $1,650,000 $82,500
    2.5-3% 17 $2,285,000 $134,412
    Over 8% 2 $990,000 $495,000

    During 2019, Geddes Federal Savings And Loan Association's average interest rate for loans was 4.03%, while their most frequently originated rate bucket for loans was 3-4%, with 262 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 186 $11,230,000 $60,376 $1,859 4.35%
    $100k-200k 148 $21,060,000 $142,297 $2,711 3.93%
    $200k-400k 91 $24,015,000 $263,901 $3,195 4.11%
    $400k-600k 17 $8,175,000 $480,882 $5,362 3.82%
    $600k-1MM 7 $5,055,000 $722,143 $4,311 65.96%
    $1MM+ 1 $1,305,000 $1,305,000 $6,028 3.63%

    2019 saw Geddes Federal Savings And Loan Association place emphasis on $100,000 or less loans with 186 originations, totaling $11,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 103 $19,625,000 $190,534 $2,830 8.69%
    $50k-75k 92 $8,840,000 $96,087 $2,492 4.12%
    $100k-150k 90 $13,360,000 $148,444 $2,554 3.95%
    $75k-100k 62 $7,570,000 $122,097 $2,649 4.25%
    $250k+ 51 $17,365,000 $340,490 $3,305 3.81%
    $50k or less 50 $3,890,000 $77,800 $1,998 4.03%

    Geddes Federal Savings And Loan Association lent most frequently to those with incomes in the $150k-250k range, with 103 originations. The second most popular income band? $50k-75k, with 92 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 159 $25,475,000 $160,220 $2,660 4.02%
    30-36% 103 $16,135,000 $156,650 $2,732 4.02%
    <20% 62 $9,880,000 $159,355 $2,587 3.91%
    39% 17 $2,235,000 $131,471 $2,410 4.60%
    42% 13 $1,775,000 $136,538 $2,381 4.09%
    41% 12 $1,930,000 $160,833 $2,758 7.16%
    38% 11 $1,935,000 $175,909 $2,296 43.55%
    37% 11 $1,565,000 $142,273 $2,680 4.10%
    45% 9 $775,000 $86,111 $2,517 4.00%
    40% 9 $1,095,000 $121,667 $2,198 4.32%
    50-60% 7 $1,155,000 $165,000 $2,112 3.88%
    44% 7 $1,045,000 $149,286 $2,401 4.21%
    36% 7 $1,085,000 $155,000 $2,604 3.77%
    43% 6 $1,460,000 $243,333 $3,864 3.77%
    >60% 6 $1,670,000 $278,333 $3,242 4.29%
    49% 3 $355,000 $118,333 $1,834 4.04%
    47% 2 $140,000 $70,000 $1,973 6.31%
    48% 1 $355,000 $355,000 $3,076 3.38%
    46% 1 $45,000 $45,000 $0 6.00%

    Geddes Federal Savings And Loan Association lent most frequently to those with DTI ratios of 20-30%, with 159 originations. The next most common DTI ratio? 30-36%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 398 $61,230,000 $153,844 $2,639 5.25%
    Not provided 22 $4,440,000 $201,818 $2,518 3.93%
    Asian 14 $2,950,000 $210,714 $3,085 3.66%
    Black 8 $940,000 $117,500 $2,157 4.38%
    Other Asian 3 $665,000 $221,667 $2,749 3.96%
    Native Hawaiian or Islander 1 $285,000 $285,000 $2,962 3.63%
    Vietnamese 1 $125,000 $125,000 $2,845 3.63%
    Not applicable 1 $105,000 $105,000 $1,539 3.25%
    American Indian 1 $75,000 $75,000 $1,297 5.00%
    Japanese 1 $25,000 $25,000 $190 4.88%

    Approval Rates

    Total approvals of all applications
    95.82%

    Geddes Federal Savings And Loan Association 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
    94.00%

    Geddes Federal Savings And Loan Association has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 450 $70,840,000 $157,422

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $155,000 $155,000
    Single Family (1-4 Units):Manufactured 2 $120,000 $60,000
    Single Family (1-4 Units):Site-Built 447 $70,565,000 $157,864

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 61 $4,095,000 $67,131 $1,556 4.66%
    40-60% 45 $5,445,000 $121,000 $2,618 4.71%
    60-80% 178 $35,770,000 $200,955 $3,056 3.82%
    80-100% 110 $22,470,000 $204,273 $3,032 7.88%
    Under 20% 43 $2,535,000 $58,953 $1,183 4.46%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Geddes Federal Savings and Loan Association 2208 West Genesee St Syracuse, NY 13219 Full Service B&M $418,015

    For 2019, Geddes Federal Savings And Loan Association had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,628
    Net interest income $11,078
    Total noninterest income $-7
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $20
    Trading account gains and fees $0
    Additional Noninterest Income $-27
    Pre-tax net operating income $3,191
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,560
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,560
    Minority interest net income $0
    Net income $2,560
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,560

    Geddes Federal Savings And Loan Association's gross interest income from loans was $19,628,000.
    Geddes Federal Savings And Loan Association's net interest income from loans was $11,078,000.
    Geddes Federal Savings And Loan Association's fee based income from loans was $20,000.
    Geddes Federal Savings And Loan Association's net income from loans was $2,560,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,550
    Provision for credit losses $160
    Total noninterest expense $7,720
    Salaries and employee benefits $3,736
    Premises and equipment expense $609
    Additional noninterest expense $3,375
    Applicable income taxes $631
    Net charge-offs $66
    Cash dividends $0

    Geddes Federal Savings And Loan Association's interest expense for loans was $8,550,000.
    Geddes Federal Savings And Loan Association's payroll and benefits expense were $3,736,000.
    Geddes Federal Savings And Loan Association's property, plant and equipment expenses $609,000.

    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 $410,039
    Deposits held in domestic offices $410,039
    Deposits by Individuals, partnerships, and corporations $403,752
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $51
    Deposits by Commercial banks and other depository institutions in U.S. $6,236
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $29,949
    Demand deposits $12,827
    Nontransaction accounts $380,090
    Money market deposit accounts (MMDAs) $76,777
    Other savings deposits (excluding MMDAs) $29,190
    Total time deposits $274,123
    Total time and savings deposits $397,212
    Noninterest-bearing deposits $12,827
    Interest-bearing deposits $397,212
    Retail deposits $336,377
    IRAs and Keogh plan accounts $87,785
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $558,762
    Cash & Balances due from depository institutions $14,267
    Interest-bearing balances $1,506
    Total securities $34,355
    Federal funds sold & reverse repurchase $2,002
    Net loans and leases $500,925
    Loan and leases loss allowance $519
    Trading account assets $0
    Bank premises and fixed assets $952
    Other real estate owned $172
    Goodwill and other intangibles $0
    All other assets $6,089

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $558,762
    Total Liabilities $467,977
    Total deposits $410,039
    Interest-bearing deposits $397,212
    Deposits held in domestic offices $410,039
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $57,500
    Subordinated debt $0
    All other liabilities $438

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $500,925
    Loan and leases loss allowance $519
    Total loans and leases (domestic) $501,444
    All real estate loans $498,882
    Real estate loans in domestic offices $498,882
    Construction and development loans $2,143
    Residential 1-4 family construction $2,093
    Other construction, all land development and other land $50
    Loans secured by nonfarm nonresidential properties $360
    Nonfarm nonresidential secured by owner-occupied properties $155
    Commercial real estate & other non-farm, non-residential $205
    Multifamily residential real estate $1,460
    1-4 family residential loans $494,919
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $494
    Credit card loans $0
    Related Plans $21
    Consumer Auto Loans $11
    Other loans to individuals $462
    All other loans & leases $2,068
    Loans to foreign governments and official institutions $0
    Other loans $2,068
    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 $521
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Geddes Federal Savings and Loan Association had $500,925,000 of loans outstanding in 2019. $498,882,000 of loans were in real estate loans. $2,143,000 of loans were in development loans. $1,460,000 of loans were in multifamily mortgage loans. $494,919,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $11,000 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 5 $360 $72,000
    Nonfarm, nonresidential loans - <$100k 2 $59 $29,500
    Nonfarm, nonresidential loans - $100-250k 3 $301 $100,333