Gte Federal Credit Union Mortgage Rates, Fees & Info

Tampa, FL

LEI: 549300ZIQ24V0C88AC41

Tax ID: 59-0642956

1 stars - Updated: 7/20/24 - out of 5 stars, based on 45 reviews

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

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Mortgage Data

Review & Overview

Gte Federal Credit Union is a smaller credit union specializing in Other and Home Purchase loans. Gte Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Tampa, Miami, Los Angeles, North Port, and Nashville among others. We have data for 160 markets. (Some data included below & more in-depth data is available with an active subscription.)

Gte Federal Credit Union 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. Gte Federal Credit Union is typically an average 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 relatively high 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
Home Equity Line of Credit (HELOC) 6.63% 7/20/24
30 Year Conventional Purchase 6.62% 7/20/24
30 Year Conventional Refi 6.85% 7/20/24
30 Year Cash-out Refi 6.77% 7/20/24
30 Year FHA Purchase 7.86% 7/20/24
30 Year VA Purchase 6.27% 7/20/24
15 Year Conventional Purchase 7.41% 7/20/24
15 Year Conventional Refi 7.32% 7/20/24
15 Year Cash-out Refi 7.32% 7/20/24
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.

Gte Federal Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Gte Federal Credit Union. 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

1,987

Origination Dollar Volume (All Markets)

$308,805,000
Show all (7) awards

Relative Rate

Gte Federal Credit Union's average 30 year fixed mortgage rate was 9.06%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 2.58%.

Relative Fees (Closing Costs)

Gte Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $6,358.

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 $9,089.

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
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 843 $134,275,000 $159,282 $2,918 7.58%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 103 $19,395,000 $188,301 $4,709 9.25%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 72 $12,600,000 $175,000 $0 10.46%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 64 $12,160,000 $190,000 $3,236 7.90%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 46 $8,120,000 $176,522 $0 9.79%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 54 $8,080,000 $149,630 $0 10.16%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 45 $7,475,000 $166,111 $0 9.74%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 33 $7,415,000 $224,697 $4,308 7.77%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 47 $5,875,000 $125,000 $2,914 7.95%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 26 $5,600,000 $215,385 $0 9.96%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 29 $5,455,000 $188,103 $0 9.99%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 31 $3,985,000 $128,548 $0 9.70%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 30 $3,760,000 $125,333 $0 10.66%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 28 $3,610,000 $128,929 $0 11.06%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 25 $3,265,000 $130,600 $3,146 7.76%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 19 $3,205,000 $168,684 $0 10.04%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 18 $2,780,000 $154,444 $0 11.15%
BOISE CITY, ID (FHA|USDA|VA) 21 $2,625,000 $125,000 $0 10.18%
OCALA, FL (FHA|USDA|VA) 28 $2,280,000 $81,429 $2,228 7.79%
Outside of Metro Areas 16 $1,970,000 $123,125 $7,567 10.33%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 13 $1,955,000 $150,385 $0 10.92%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 14 $1,840,000 $131,429 $0 10.91%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 20 $1,830,000 $91,500 $0 10.42%
RENO, NV (FHA|USDA|VA) 13 $1,735,000 $133,462 $0 10.52%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 10 $1,620,000 $162,000 $0 10.90%
PORT ST. LUCIE, FL (FHA|USDA|VA) 8 $1,600,000 $200,000 $3,403 8.33%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 15 $1,565,000 $104,333 $0 10.15%
STOCKTON, CA (FHA|USDA|VA) 10 $1,250,000 $125,000 $0 11.28%
COLUMBUS, OH (FHA|USDA|VA) 7 $1,235,000 $176,429 $0 9.57%
JACKSONVILLE, FL (FHA|USDA|VA) 12 $1,180,000 $98,333 $850 10.29%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $1,135,000 $227,000 $0 9.95%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 5 $1,105,000 $221,000 $0 9.10%
SALT LAKE CITY, UT (FHA|USDA|VA) 8 $1,080,000 $135,000 $0 10.06%
THE VILLAGES, FL (FHA|USDA|VA) 5 $1,065,000 $213,000 $10,193 7.37%
PANAMA CITY, FL (FHA|USDA|VA) 3 $975,000 $325,000 $5,128 8.21%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 6 $960,000 $160,000 $0 11.00%
GAINESVILLE, FL (FHA|USDA|VA) 3 $835,000 $278,333 $5,715 5.50%
PROVO-OREM, UT (FHA|USDA|VA) 5 $805,000 $161,000 $0 9.85%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 5 $785,000 $157,000 $2,981 7.20%
Outside of Metro Areas 4 $710,000 $177,500 $0 9.31%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $705,000 $235,000 $0 10.50%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $675,000 $135,000 $0 10.25%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 6 $670,000 $111,667 $0 10.21%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $645,000 $215,000 $0 9.08%
KNOXVILLE, TN (FHA|USDA|VA) 7 $635,000 $90,714 $0 10.71%
SALISBURY, MD-DE (FHA|USDA|VA) 3 $615,000 $205,000 $0 10.33%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $610,000 $152,500 $0 10.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $600,000 $150,000 $2,899 9.09%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 4 $600,000 $150,000 $0 10.81%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $580,000 $290,000 $0 8.62%
WILMINGTON, NC (FHA|USDA|VA) 2 $580,000 $290,000 $0 10.12%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 7 $575,000 $82,143 $0 11.29%
Kalispell, MT (FHA|USDA|VA) 4 $570,000 $142,500 $0 10.12%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $545,000 $181,667 $0 9.41%
Key West, FL (FHA|USDA|VA) 2 $540,000 $270,000 $0 9.87%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $525,000 $175,000 $0 10.24%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $520,000 $260,000 $0 10.75%
BAKERSFIELD, CA (FHA|USDA|VA) 6 $510,000 $85,000 $0 11.04%
Prineville, OR (FHA|USDA|VA) 1 $505,000 $505,000 $0 9.50%
Heber, UT (FHA|USDA|VA) 1 $505,000 $505,000 $0 9.50%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 6 $500,000 $83,333 $0 10.62%
RALEIGH-CARY, NC (FHA|USDA|VA) 7 $495,000 $70,714 $0 9.74%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $495,000 $165,000 $0 9.58%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $495,000 $495,000 $0 9.50%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 3 $475,000 $158,333 $0 10.50%
Bozeman, MT (FHA|USDA|VA) 3 $465,000 $155,000 $0 9.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $445,000 $89,000 $0 10.60%
HUNTSVILLE, AL (FHA|USDA|VA) 3 $425,000 $141,667 $0 9.67%
BELLINGHAM, WA (FHA|USDA|VA) 2 $380,000 $190,000 $0 10.88%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $370,000 $92,500 $0 9.50%
FRESNO, CA (FHA|USDA|VA) 2 $360,000 $180,000 $0 10.25%
Fernley, NV (FHA|USDA|VA) 4 $350,000 $87,500 $0 11.25%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $325,000 $325,000 $0 9.00%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $325,000 $325,000 $0 9.50%
CHICO, CA (FHA|USDA|VA) 2 $320,000 $160,000 $0 10.25%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $310,000 $155,000 $0 9.88%
URBAN HONOLULU, HI (FHA|USDA|VA) 3 $305,000 $101,667 $0 11.00%
Sevierville, TN (FHA|USDA|VA) 1 $305,000 $305,000 $0 9.75%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $290,000 $145,000 $0 9.12%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $285,000 $95,000 $0 10.17%
VALLEJO, CA (FHA|USDA|VA) 2 $280,000 $140,000 $0 10.62%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $270,000 $67,500 $645 9.75%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $270,000 $135,000 $0 11.00%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $255,000 $255,000 $0 11.50%
ANN ARBOR, MI (FHA|USDA|VA) 2 $240,000 $120,000 $0 8.87%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $240,000 $60,000 $325 9.87%
REDDING, CA (FHA|USDA|VA) 1 $235,000 $235,000 $0 10.25%
PUNTA GORDA, FL (FHA|USDA|VA) 5 $235,000 $47,000 $303 7.95%
SALINAS, CA (FHA|USDA|VA) 2 $230,000 $115,000 $0 11.13%
TWIN FALLS, ID (FHA|USDA|VA) 2 $220,000 $110,000 $0 10.13%
Hailey, ID (FHA|USDA|VA) 1 $215,000 $215,000 $0 11.50%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $210,000 $105,000 $0 9.63%
Sonora, CA (FHA|USDA|VA) 2 $210,000 $105,000 $0 11.25%
Sandpoint, ID (FHA|USDA|VA) 2 $210,000 $105,000 $0 11.13%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 10.00%
MADERA, CA (FHA|USDA|VA) 2 $200,000 $100,000 $0 11.38%
WENATCHEE, WA (FHA|USDA|VA) 1 $195,000 $195,000 $0 10.00%
Traverse City, MI (FHA|USDA|VA) 2 $190,000 $95,000 $0 11.25%
Hilo, HI (FHA|USDA|VA) 1 $185,000 $185,000 $0 11.50%
ANCHORAGE, AK (FHA|USDA|VA) 1 $185,000 $185,000 $0 9.50%
Coos Bay, OR (FHA|USDA|VA) 1 $185,000 $185,000 $0 11.50%
Cookeville, TN (FHA|USDA|VA) 2 $180,000 $90,000 $0 10.50%
PITTSBURGH, PA (FHA|USDA|VA) 1 $175,000 $175,000 $0 10.00%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $165,000 $165,000 $0 11.50%
AKRON, OH (FHA|USDA|VA) 2 $160,000 $80,000 $0 10.37%
READING, PA (FHA|USDA|VA) 1 $155,000 $155,000 $0 10.50%
Jackson, WY-ID (FHA|USDA|VA) 1 $155,000 $155,000 $0 10.50%
Newport, OR (FHA|USDA|VA) 2 $140,000 $70,000 $0 12.00%
FORT COLLINS, CO (FHA|USDA|VA) 1 $135,000 $135,000 $0 10.25%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.24%
MORRISTOWN, TN (FHA|USDA|VA) 2 $130,000 $65,000 $0 11.63%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $130,000 $65,000 $334 9.81%
YUBA CITY, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 8.75%
Fort Payne, AL (FHA|USDA|VA) 1 $125,000 $125,000 $0 8.75%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $120,000 $60,000 $1,031 9.43%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $120,000 $60,000 $0 11.25%
CHEYENNE, WY (FHA|USDA|VA) 1 $115,000 $115,000 $0 10.50%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $105,000 $105,000 $0 10.25%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $105,000 $105,000 $0 10.50%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $105,000 $105,000 $0 11.75%
GREEN BAY, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 10.50%
MODESTO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 11.75%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 11.75%
ST. GEORGE, UT (FHA|USDA|VA) 1 $105,000 $105,000 $0 11.75%
Moscow, ID (FHA|USDA|VA) 1 $105,000 $105,000 $0 11.75%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $95,000 $95,000 $0 12.00%
Rock Springs, WY (FHA|USDA|VA) 1 $85,000 $85,000 $0 10.75%
MISSOULA, MT (FHA|USDA|VA) 1 $85,000 $85,000 $0 9.50%
MIDLAND, MI (FHA|USDA|VA) 1 $85,000 $85,000 $0 10.75%
Albertville, AL (FHA|USDA|VA) 1 $85,000 $85,000 $0 12.00%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $85,000 $85,000 $0 12.00%
WICHITA, KS (FHA|USDA|VA) 2 $80,000 $40,000 $0 10.88%
Bradford, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 12.00%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $75,000 $75,000 $0 12.00%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.74%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $75,000 $75,000 $0 12.00%
Moses Lake, WA (FHA|USDA|VA) 1 $75,000 $75,000 $0 12.00%
Clearlake, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 12.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 10.25%
Brainerd, MN (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.99%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $55,000 $55,000 $0 11.00%
Burley, ID (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.75%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.74%
SPARTANBURG, SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
MERCED, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
TUCSON, AZ (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.75%
Georgetown, SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.74%
CARSON CITY, NV (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
Shelby, NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.99%
Seneca, SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.75%
FLINT, MI (FHA|USDA|VA) 1 $55,000 $55,000 $0 11.00%
MONTGOMERY, AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
CLEVELAND, TN (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
Spirit Lake, IA (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.75%
Gte Federal Credit Union's top markets include Tampa, Miami, Los Angeles, North Port, and Nashville among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,066 $147,010,000 $137,908 n/a 10.23%
    Conventional 904 $155,950,000 $172,511 $2,822 7.19%
    FHA 15 $4,735,000 $315,667 $11,363 6.22%
    VA 2 $1,110,000 $555,000 $18,168 6.44%

    For 2023, Gte Federal Credit Union's most frequently originated type of loan was HELOC, with 1,066 originations. Their 2nd most popular type was Conventional, with 904 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 608 $72,300,000 $118,914 $324 10.80%
    Home Purchase 598 $161,590,000 $270,217 $5,855 7.30%
    Cash Out Refi 391 $32,945,000 $84,258 $1,113 8.19%
    Refi 327 $36,845,000 $112,676 $2,150 8.92%
    Home Improvement 63 $5,125,000 $81,349 $1,007 7.38%

    For 2023, Gte Federal Credit Union's most frequently cited loan purpose was Other, with 608 originations. The 2nd most popular reason was Home Purchase, with 598 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,278 $255,670,000 $200,055 $6,358 9.06%
    15 Year 427 $32,975,000 $77,225 $870 8.28%
    20 Year 148 $13,180,000 $89,054 $4,634 9.71%
    Other 127 $5,265,000 $41,457 $393 7.22%
    10 Year 4 $350,000 $87,500 $3,592 6.50%
    30+ year 3 $1,365,000 $455,000 $9,171 6.04%

    For 2023, Gte Federal Credit Union's most frequently cited loan duration was 30 Year, with 1,278 originations. The 2nd most popular length was 15 Year, with 427 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 532 $35,460,000 $66,654
    $1k-2k 253 $82,525,000 $326,186
    $2k-3k 60 $17,780,000 $296,333
    $5k+ 24 $11,130,000 $463,750
    $3k-4k 23 $8,875,000 $385,870
    $4k-5k 14 $3,670,000 $262,143

    Gte Federal Credit Union's average total fees were $6,358, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 532 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,267 $144,375,000 $113,950
    7-8% 247 $37,785,000 $152,976
    6-7% 215 $44,665,000 $207,744
    5-6% 154 $39,990,000 $259,675
    4-5% 93 $41,495,000 $446,183
    <2.5% 10 $180,000 $18,000
    3-4% 1 $315,000 $315,000

    During 2023, Gte Federal Credit Union's average interest rate for loans was 9.06%, while their most frequently originated rate bucket for loans was Over 8%, with 1,267 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 931 $53,935,000 $57,932 $563 9.26%
    $100k-200k 560 $77,020,000 $137,536 $3,614 9.42%
    $200k-400k 351 $96,355,000 $274,516 $5,905 7.64%
    $400k-600k 112 $52,510,000 $468,839 $7,716 6.76%
    $600k-1MM 27 $20,225,000 $749,074 $8,855 5.51%
    $1MM+ 6 $8,760,000 $1,460,000 $11,369 5.35%

    2023 saw Gte Federal Credit Union place emphasis on $100,000 or less loans with 931 originations, totaling $53,935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 506 $68,610,000 $135,593 $3,155 9.04%
    $150k-250k 434 $76,630,000 $176,567 $3,691 9.11%
    $250k+ 344 $95,950,000 $278,924 $7,135 9.01%
    $75k-100k 325 $33,625,000 $103,462 $2,296 8.95%
    $50k-75k 236 $21,080,000 $89,322 $2,161 8.38%
    $50k or less 103 $6,925,000 $67,233 $2,347 7.57%

    Gte Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 506 originations. The second most popular income band? $150k-250k, with 434 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    44% 317 $47,355,000 $149,385 $2,938 9.81%
    30-36% 277 $43,615,000 $157,455 $2,910 8.52%
    20-30% 241 $34,945,000 $145,000 $2,903 8.63%
    42% 177 $22,935,000 $129,576 $1,759 9.35%
    41% 130 $17,870,000 $137,462 $3,022 9.16%
    43% 126 $17,670,000 $140,238 $2,365 9.58%
    40% 115 $16,185,000 $140,739 $2,273 9.07%
    39% 97 $17,145,000 $176,753 $3,730 8.72%
    37% 89 $13,505,000 $151,742 $2,787 8.81%
    38% 84 $13,360,000 $159,048 $2,759 8.76%
    36% 74 $11,850,000 $160,135 $2,727 8.66%
    49% 68 $14,930,000 $219,559 $4,530 6.55%
    45% 48 $9,980,000 $207,917 $2,919 7.77%
    <20% 45 $8,095,000 $179,889 $3,645 8.39%
    47% 38 $6,620,000 $174,211 $3,884 6.54%
    46% 32 $6,810,000 $212,813 $3,726 6.58%
    48% 26 $5,320,000 $204,615 $3,866 7.30%
    50-60% 3 $615,000 $205,000 $2,297 5.29%

    Gte Federal Credit Union lent most frequently to those with DTI ratios of 44%, with 317 originations. The next most common DTI ratio? 30-36%, with 277 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,474 $223,430,000 $151,581 $2,934 8.83%
    Not provided 240 $37,520,000 $156,333 $2,667 9.05%
    Black 182 $31,100,000 $170,879 $3,405 8.41%
    Asian 67 $13,735,000 $205,000 $5,078 8.85%
    American Indian 11 $1,735,000 $157,727 $2,960 6.67%
    Native Hawaiian or Islander 8 $530,000 $66,250 $468 9.59%
    Chinese 1 $445,000 $445,000 $0 8.50%
    Asian Indian 2 $150,000 $75,000 $0 10.75%
    Japanese 1 $105,000 $105,000 $0 10.00%
    Other Asian 1 $55,000 $55,000 $334 7.62%

    Approval Rates

    Total approvals of all applications
    71.06%

    Gte Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    71.77%

    Gte Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,987 $308,805,000 $155,413

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,987 $308,805,000 $155,413

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 596 $93,420,000 $156,745 $1,831 9.42%
    40-60% 92 $21,670,000 $235,543 $5,030 7.43%
    60-80% 109 $32,755,000 $300,505 $5,866 6.14%
    80-100% 190 $76,480,000 $402,526 $7,068 5.73%
    Over 100% 1 $375,000 $375,000 $16,179 6.63%
    Under 20% 999 $84,105,000 $84,189 $479 9.46%