Guaranty Mortgage Service Rates, Fees & Info

WATERLOO, IA

LEI: 5493005YTC55FC2VCK79

Tax ID: 56-2488476

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Mortgage Data

Review & Overview

Guaranty Mortgage Service is a smaller mortgage company specializing in Home Purchase and Refi loans. Guaranty Mortgage Service 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: Anchorage, Pueblo, Colorado Springs, Fairbanks, and Denver among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Guaranty Mortgage Service has an above average approval rate when compared to the average across all lenders. Guaranty Mortgage Service 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.

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
30 Year Conventional Purchase 5.74% 11/21/24
30 Year Conventional Refi 4.89% 11/21/24
30 Year FHA Purchase 6.00% 11/21/24
30 Year VA Purchase 5.03% 11/21/24
15 Year Conventional Refi 5.68% 11/21/24
15 Year Cash-out Refi 5.68% 11/21/24
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.

Guaranty Mortgage Service Mortgage Calculator






Your Estimates

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

This is not an official calculator from Guaranty Mortgage Service. 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

41

Origination Dollar Volume (All Markets)

$11,375,000

Awards

GUARANTY MORTGAGE SERVICE VA Loans gold GUARANTY MORTGAGE SERVICE VA Loans gold
Show all (2) 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
ANCHORAGE, AK (FHA|USDA|VA) 34 $9,620,000 $282,941 $4,742 4.11%
Outside of Metro Areas 2 $590,000 $295,000 $5,958 3.94%
PUEBLO, CO (FHA|USDA|VA) 2 $450,000 $225,000 $2,631 3.59%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $265,000 $265,000 $3,691 4.99%
FAIRBANKS, AK (FHA|USDA|VA) 1 $255,000 $255,000 $4,213 3.75%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $195,000 $195,000 $4,688 4.50%
Guaranty Mortgage Service's top markets include Anchorage, Pueblo, Colorado Springs, Fairbanks, and Denver among others.

Their top states include:
  • Alaska (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Similar Lenders

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

    CREDIT UNION 1
    Similarity Rank: 95
    First National Bank Alaska
    Similarity Rank: 320
    GUARANTY MORTGAGE SERVICE, INC.
    Similarity Rank: 456
    Alaska USA Mortgage Company LLC
    Similarity Rank: 1334
    RESIDENTIAL MORTGAGE, LLC
    Similarity Rank: 1596
    BAY-VALLEY MORTGAGE GROUP
    Similarity Rank: 2256
    Chickasaw Community Bank
    Similarity Rank: 2380
    NuVision Federal Credit Union
    Similarity Rank: 3157
    FirstBank
    Similarity Rank: 4328

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 21 $5,905,000 $281,190 $5,171 4.30%
    VA 18 $5,030,000 $279,444 $4,148 3.86%
    FHA 2 $440,000 $220,000 $3,874 4.06%

    For 2019, Guaranty Mortgage Service's most frequently originated type of loan was Conventional, with 21 originations. Their 2nd most popular type was VA, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 23 $6,125,000 $266,304 $5,426 4.34%
    Refi 16 $4,800,000 $300,000 $3,666 3.69%
    Cash Out Refi 2 $450,000 $225,000 $3,771 4.50%

    For 2019, Guaranty Mortgage Service's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 39 $10,755,000 $275,769 $4,708 4.10%
    20 Year 2 $620,000 $310,000 $3,692 4.00%

    For 2019, Guaranty Mortgage Service's most frequently cited loan duration was 30 Year, with 39 originations. The 2nd most popular length was 20 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 13 $3,305,000 $254,231
    $2k-3k 7 $1,565,000 $223,571
    $1k-2k 5 $1,435,000 $287,000
    $4k-5k 2 $450,000 $225,000
    $5k+ 2 $860,000 $430,000
    $3k-4k 1 $225,000 $225,000

    Guaranty Mortgage Service's average total fees were $4,708, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 13 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 22 $6,470,000 $294,091
    4-5% 18 $4,680,000 $260,000
    5-6% 1 $225,000 $225,000

    During 2019, Guaranty Mortgage Service's average interest rate for loans was 4.10%, while their most frequently originated rate bucket for loans was 3-4%, with 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 32 $8,730,000 $272,813 $4,684 4.09%
    $100k-200k 5 $865,000 $173,000 $5,172 4.28%
    $400k-600k 4 $1,780,000 $445,000 $3,810 3.94%

    2019 saw Guaranty Mortgage Service place emphasis on $200k-400k loans with 32 originations, totaling $8,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 14 $3,690,000 $263,571 $3,948 3.79%
    $100k-150k 10 $2,870,000 $287,000 $4,407 4.15%
    $50k-75k 7 $1,705,000 $243,571 $3,561 4.34%
    $150k-250k 5 $1,625,000 $325,000 $5,598 4.12%
    $75k-100k 5 $1,485,000 $297,000 $7,745 4.47%

    Guaranty Mortgage Service lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 12 $3,520,000 $293,333 $3,232 3.75%
    30-36% 9 $2,525,000 $280,556 $5,218 4.11%
    20-30% 5 $1,245,000 $249,000 $5,749 4.10%
    39% 4 $1,140,000 $285,000 $3,372 4.26%
    50-60% 3 $665,000 $221,667 $4,318 3.92%
    38% 1 $285,000 $285,000 $7,832 4.63%
    40% 1 $225,000 $225,000 $4,423 5.00%
    41% 1 $505,000 $505,000 $6,519 4.00%
    43% 1 $295,000 $295,000 $6,773 4.63%
    44% 1 $195,000 $195,000 $4,688 4.50%
    45% 1 $225,000 $225,000 $5,223 4.50%
    48% 1 $325,000 $325,000 $9,585 4.13%
    37% 1 $225,000 $225,000 $5,014 5.25%

    Guaranty Mortgage Service lent most frequently to those with DTI ratios of <20%, with 12 originations. The next most common DTI ratio? 30-36%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 37 $9,975,000 $269,595 $4,657 4.12%
    Black 2 $690,000 $345,000 $4,762 3.69%
    American Indian 1 $395,000 $395,000 $4,134 3.75%
    Asian 1 $315,000 $315,000 $5,009 4.38%

    Approval Rates

    Total approvals of all applications
    97.62%

    Guaranty Mortgage Service 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 41 $11,375,000 $277,439

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 41 $11,375,000 $277,439

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 1 $275,000 $275,000 $3,011 4.50%
    60-80% 11 $2,875,000 $261,364 $4,927 4.19%
    80-100% 25 $6,855,000 $274,200 $4,980 4.14%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    GUARANTEED HOME MORTGAGE COMPANY FHA mortgage Struggling to pay mortgage 1 100.0%