Guardhill Financial Corp. Mortgage Rates, Fees & Info

New York, NY

LEI: 254900P6Q7UI8DAKYX49

Tax ID: 13-3670961

1 stars - Updated: 6/17/24 - out of 5 stars, based on 15 reviews

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

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Mortgage Data

Review & Overview

Guardhill Financial Corp. is a smaller mortgage company specializing in Home Purchase loans. Guardhill Financial Corp. 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: New York, Los Angeles, Miami, Bridgeport, and Boston among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

Guardhill Financial Corp. 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. Guardhill Financial Corp. is typically a high 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.43% 6/17/24
30 Year Conventional Refi 6.32% 6/17/24
30 Year Cash-out Refi 6.75% 6/17/24
30 Year FHA Purchase 6.27% 6/17/24
15 Year Conventional Purchase 5.89% 6/17/24
15 Year Conventional Refi 6.07% 6/17/24
15 Year Cash-out Refi 6.07% 6/17/24
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.

Guardhill Financial Corp. Mortgage Calculator






Your Estimates

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

This is not an official calculator from Guardhill Financial Corp.. 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

224

Origination Dollar Volume (All Markets)

$180,590,000

Relative Rate

Guardhill Financial Corp.'s average 30 year fixed mortgage rate was 6.91%.

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

This yields a difference of 0.43%.

Relative Fees (Closing Costs)

Guardhill Financial Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $12,587.

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 166 $122,940,000 $740,602 $12,263 6.89%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 10 $16,700,000 $1,670,000 $15,047 6.94%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $10,630,000 $1,328,750 $23,726 7.44%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 8 $6,780,000 $847,500 $11,317 7.22%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $4,125,000 $825,000 $12,509 6.80%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 3 $2,835,000 $945,000 $24,803 7.13%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $2,335,000 $778,333 $10,315 6.50%
Torrington, CT (FHA|USDA|VA) 3 $1,935,000 $645,000 $8,197 7.38%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $1,465,000 $1,465,000 $11,467 5.25%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $7,880 6.75%
PITTSFIELD, MA (FHA|USDA|VA) 1 $1,165,000 $1,165,000 $6,995 6.63%
KINGSTON, NY (FHA|USDA|VA) 2 $1,070,000 $535,000 $5,776 6.81%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $980,000 $490,000 $8,135 7.44%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $755,000 $755,000 $23,231 6.38%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $725,000 $725,000 $10,241 6.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $725,000 $725,000 $7,917 6.88%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $685,000 $685,000 $7,191 5.88%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $605,000 $605,000 $13,857 7.38%
Hudson, NY (FHA|USDA|VA) 1 $565,000 $565,000 $6,131 6.25%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $515,000 $515,000 $8,249 6.88%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $505,000 $505,000 $5,865 6.63%
Outside of Metro Areas 1 $495,000 $495,000 $5,591 6.63%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $485,000 $485,000 $15,895 7.63%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $345,000 $345,000 $8,116 6.75%
Guardhill Financial Corp.'s top markets include New York, Los Angeles, Miami, Bridgeport, and Boston among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Similar Lenders

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

    SIKORSKY FINANCIAL
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 223 $179,895,000 $806,704 $12,550 6.91%
    FHA 1 $695,000 $695,000 $26,656 6.25%

    For 2023, Guardhill Financial Corp.'s most frequently originated type of loan was Conventional, with 223 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 192 $156,680,000 $816,042 $12,102 6.84%
    Cash Out Refi 21 $14,455,000 $688,333 $17,718 7.68%
    Refi 11 $9,455,000 $859,545 $11,792 6.66%

    For 2023, Guardhill Financial Corp.'s most frequently cited loan purpose was Home Purchase, with 192 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 221 $178,495,000 $807,670 $12,587 6.91%
    15 Year 1 $355,000 $355,000 $5,677 6.38%
    20 Year 1 $375,000 $375,000 $8,853 5.63%
    30+ year 1 $1,365,000 $1,365,000 $29,065 8.75%

    For 2023, Guardhill Financial Corp.'s most frequently cited loan duration was 30 Year, with 221 originations. The 2nd most popular length was 15 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 101 $87,555,000 $866,881
    $2k-3k 82 $74,260,000 $905,610
    $4k-5k 16 $5,170,000 $323,125
    $3k-4k 14 $5,870,000 $419,286
    $1k-2k 10 $7,690,000 $769,000
    $<1k 1 $45,000 $45,000

    Guardhill Financial Corp.'s average total fees were $12,587, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 101 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 108 $77,490,000 $717,500
    7-8% 58 $53,670,000 $925,345
    5-6% 31 $23,615,000 $761,774
    Over 8% 26 $25,070,000 $964,231
    4-5% 1 $745,000 $745,000

    During 2023, Guardhill Financial Corp.'s average interest rate for loans was 6.91%, while their most frequently originated rate bucket for loans was 6-7%, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 64 $48,290,000 $754,531 $11,859 6.92%
    $200k-400k 55 $17,315,000 $314,818 $7,963 6.83%
    $1MM+ 50 $90,600,000 $1,812,000 $22,914 7.13%
    $400k-600k 46 $22,990,000 $499,783 $9,420 6.80%
    $100k-200k 8 $1,350,000 $168,750 $6,176 6.66%
    $100,000 or less 1 $45,000 $45,000 $0 6.88%

    2023 saw Guardhill Financial Corp. place emphasis on $600k-1MM loans with 64 originations, totaling $48,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 124 $136,780,000 $1,103,065 $15,480 7.11%
    $150k-250k 50 $26,330,000 $526,600 $9,659 6.77%
    $100k-150k 36 $13,710,000 $380,833 $8,385 6.60%
    $75k-100k 11 $3,235,000 $294,091 $9,025 6.34%
    $50k-75k 3 $535,000 $178,333 $7,266 6.67%

    Guardhill Financial Corp. lent most frequently to those with incomes in the $250k+ range, with 124 originations. The second most popular income band? $150k-250k, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 47 $39,975,000 $850,532 $10,838 6.80%
    30-36% 38 $33,180,000 $873,158 $12,411 6.71%
    <20% 26 $24,070,000 $925,769 $16,375 7.37%
    37% 12 $6,250,000 $520,833 $6,849 6.73%
    39% 10 $5,000,000 $500,000 $9,658 6.89%
    41% 10 $12,960,000 $1,296,000 $21,042 7.63%
    45% 9 $6,305,000 $700,556 $13,667 6.93%
    42% 8 $6,060,000 $757,500 $8,756 6.59%
    36% 8 $6,130,000 $766,250 $9,259 6.91%
    38% 8 $9,910,000 $1,238,750 $16,081 6.72%
    40% 8 $5,250,000 $656,250 $11,932 7.08%
    43% 7 $3,265,000 $466,429 $9,245 7.02%
    49% 7 $3,365,000 $480,714 $11,177 6.45%
    48% 6 $4,280,000 $713,333 $17,195 7.27%
    47% 6 $3,750,000 $625,000 $9,069 6.67%
    44% 6 $3,150,000 $525,000 $11,105 6.40%
    46% 5 $2,165,000 $433,000 $8,811 7.18%
    50-60% 3 $5,525,000 $1,841,667 $42,334 7.58%

    Guardhill Financial Corp. lent most frequently to those with DTI ratios of 20-30%, with 47 originations. The next most common DTI ratio? 30-36%, with 38 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 136 $101,150,000 $743,750 $11,932 6.82%
    Not provided 50 $48,060,000 $961,200 $13,995 6.90%
    Asian 27 $20,745,000 $768,333 $13,183 6.99%
    Black 10 $9,270,000 $927,000 $11,781 7.86%
    Native Hawaiian or Islander 1 $1,365,000 $1,365,000 $29,065 8.75%

    Approval Rates

    Total approvals of all applications
    97.70%

    Guardhill Financial Corp. 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
    31.25%

    Guardhill Financial Corp. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 224 $180,590,000 $806,205

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    224 $180,590,000 $806,205

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $8,910,000 $495,000 $9,139 6.72%
    40-60% 42 $40,780,000 $970,952 $13,807 6.86%
    60-80% 121 $101,265,000 $836,901 $12,916 6.96%
    80-100% 38 $28,130,000 $740,263 $12,487 6.87%
    Under 20% 5 $1,505,000 $301,000 $8,717 7.18%