Grand Savings Bank Mortgage Rates, Fees & Info
Grove, OKLEI: 5493003K28DNSKKT2059
Tax ID: 73-1108238
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Fort Smith, Omaha, Tulsa, and Miami among others. We have data for 10 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 an above average pick rate when compared to similar lenders.
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Originations
234Origination Dollar Volume (All Markets)
$65,590,000Top 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) | 141 | $39,375,000 | $279,255 | $0 | 0.00% |
| Outside of Metro Areas | 63 | $13,065,000 | $207,381 | $0 | 0.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 11 | $8,715,000 | $792,273 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $0 | 0.00% |
| Miami, OK (FHA|USDA|VA) | 11 | $835,000 | $75,909 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| Tahlequah, OK (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Pittsburg, KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 234 | $65,590,000 | $280,299 | $0 | 0.00% |
For 2022, Grand Savings Bank's most frequently originated type of loan was Conventional, with 234 originations.
Loan Reason
For 2022, Grand Savings Bank's most frequently cited loan purpose was Home Purchase, with 156 originations. The 2nd most popular reason was Refi, with 62 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 234 | $65,590,000 | $280,299 | $0 | 0.00% |
For 2022, Grand Savings Bank's most frequently cited loan duration was Other, with 234 originations.
Loan Sizing
2022 saw Grand Savings Bank place emphasis on $200k-400k loans with 75 originations, totaling $20,195,000 in origination value.
Applicant Income
Grand Savings Bank lent most frequently to those with incomes in the $50k or less range, with 31 originations. The second most popular income band? $50k-75k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 234 | $65,590,000 | $280,299 | $0 | 0.00% |
Grand Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 234 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.80%
Grand Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination95.73%
Grand Savings Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 234 | $65,590,000 | $280,299 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GUARANTEED RATE INC. | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| GUARANTEED RATE INC. | FHA mortgage | Trouble during payment process | 1 | 50.0% |