Grand Savings Bank Mortgage Rates, Fees & Info

Grove, OK

LEI: 5493003K28DNSKKT2059

Tax ID: 73-1108238

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Mortgage Data

Review & Overview

Grand Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Grand Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Miami, Tulsa, Bartlesville, and Fort Smith among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Grand Savings Bank 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.

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Originations

126

Origination Dollar Volume (All Markets)

$26,490,000

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
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 55 $14,765,000 $268,455 $0 0.00%
Outside of Metro Areas 50 $8,580,000 $171,600 $0 0.00%
Miami, OK (FHA|USDA|VA) 10 $1,110,000 $111,000 $0 0.00%
TULSA, OK (FHA|USDA|VA) 7 $1,035,000 $147,857 $0 0.00%
Bartlesville, OK (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
FORT SMITH, AR-OK (FHA|USDA|VA) 3 $475,000 $158,333 $0 0.00%
Grand Savings Bank's top markets include Fayetteville, Miami, Tulsa, Bartlesville, and Fort Smith among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 126 $26,490,000 $210,238 $0 0.00%

    For 2023, Grand Savings Bank's most frequently originated type of loan was Conventional, with 126 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 79 $19,095,000 $241,709 $0 0.00%
    Refi 32 $5,580,000 $174,375 $0 0.00%
    Other 12 $1,600,000 $133,333 $0 0.00%
    Home Improvement 3 $215,000 $71,667 $0 0.00%

    For 2023, Grand Savings Bank's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 126 $26,490,000 $210,238 $0 0.00%

    For 2023, Grand Savings Bank's most frequently cited loan duration was Other, with 126 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 41 $5,885,000 $143,537 $0 0.00%
    $100,000 or less 40 $2,520,000 $63,000 $0 0.00%
    $200k-400k 30 $7,910,000 $263,667 $0 0.00%
    $400k-600k 8 $3,780,000 $472,500 $0 0.00%
    $600k-1MM 5 $3,885,000 $777,000 $0 0.00%
    $1MM+ 2 $2,510,000 $1,255,000 $0 0.00%

    2023 saw Grand Savings Bank place emphasis on $100k-200k loans with 41 originations, totaling $5,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 20 $4,090,000 $204,500 $0 0.00%
    $50k-75k 20 $2,680,000 $134,000 $0 0.00%
    $75k-100k 15 $2,105,000 $140,333 $0 0.00%
    $250k+ 11 $5,725,000 $520,455 $0 0.00%
    $50k or less 10 $840,000 $84,000 $0 0.00%
    $150k-250k 8 $1,330,000 $166,250 $0 0.00%

    Grand Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $50k-75k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 126 $26,490,000 $210,238 $0 0.00%

    Grand Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 72 $14,320,000 $198,889 $0 0.00%
    Not applicable 40 $9,590,000 $239,750 $0 0.00%
    American Indian 12 $1,730,000 $144,167 $0 0.00%
    Asian 2 $850,000 $425,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.46%

    Grand Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.51%

    Grand Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 126 $26,490,000 $210,238

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    126 $26,490,000 $210,238