Guaranty Bank And Trust Company Mortgage Rates, Fees & Info
Belzoni, MSLEI: 5493007B7MEWKMDWUZ73
Tax ID: 64-0166511
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Mortgage Data
Review & Overview
Guaranty Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Guaranty Bank And Trust Company 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Memphis, Miami, Oxford, Grenada, and Greenwood among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)Guaranty Bank And Trust Company 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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.54% | 12/16/24 |
| 30 Year Conventional Refi | 6.45% | 12/16/24 |
| 30 Year Cash-out Refi | 6.57% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year VA Refi | 6.27% | 12/16/24 |
| 30 Year USDA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 6.28% | 12/16/24 |
| 15 Year Conventional Refi | 5.40% | 12/16/24 |
| 15 Year Cash-out Refi | 5.40% | 12/16/24 |
| 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 Bank And Trust Company Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
387Origination Dollar Volume (All Markets)
$122,125,000Top 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 |
|---|---|---|---|---|---|
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 120 | $50,130,000 | $417,750 | $0 | 0.00% |
| Outside of Metro Areas | 67 | $11,215,000 | $167,388 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $9,280,000 | $4,640,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 21 | $9,225,000 | $439,286 | $0 | 0.00% |
| Grenada, MS (FHA|USDA|VA) | 30 | $7,370,000 | $245,667 | $0 | 0.00% |
| Greenwood, MS (FHA|USDA|VA) | 18 | $7,190,000 | $399,444 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 22 | $5,930,000 | $269,545 | $0 | 0.00% |
| Columbus, MS (FHA|USDA|VA) | 4 | $4,800,000 | $1,200,000 | $0 | 0.00% |
| Greenville, MS (FHA|USDA|VA) | 42 | $4,400,000 | $104,762 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 11 | $3,185,000 | $289,545 | $0 | 0.00% |
| Vicksburg, MS (FHA|USDA|VA) | 11 | $1,565,000 | $142,273 | $0 | 0.00% |
| Cleveland, MS (FHA|USDA|VA) | 9 | $1,045,000 | $116,111 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,015,000 | $1,015,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $0 | 0.00% |
| Indianola, MS (FHA|USDA|VA) | 13 | $925,000 | $71,154 | $0 | 0.00% |
| Brevard, NC (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $0 | 0.00% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| Tupelo, MS (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Clarksdale, MS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
For 2023, Guaranty Bank And Trust Company's most frequently originated type of loan was Conventional, with 368 originations. Their 2nd most popular type was FHA, with 13 originations.
Loan Reason
For 2023, Guaranty Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 254 originations. The 2nd most popular reason was Refi, with 102 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 387 | $122,125,000 | $315,568 | $0 | 0.00% |
For 2023, Guaranty Bank And Trust Company's most frequently cited loan duration was Other, with 387 originations.
Loan Sizing
2023 saw Guaranty Bank And Trust Company place emphasis on $200k-400k loans with 114 originations, totaling $32,670,000 in origination value.
Applicant Income
Guaranty Bank And Trust Company lent most frequently to those with incomes in the $50k-75k range, with 67 originations. The second most popular income band? $100k-150k, with 59 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 387 | $122,125,000 | $315,568 | $0 | 0.00% |
Guaranty Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 387 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.58%
Guaranty Bank And Trust Company has a below average approval rate.
Pick Rate
Approvals leading to origination74.94%
Guaranty Bank And Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 387 | $122,125,000 | $315,568 |