Guaranty Bank And Trust Company Mortgage Rates, Fees & Info

Belzoni, MS

LEI: 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.

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 6.54% 5/26/24
30 Year Conventional Refi 6.45% 5/26/24
30 Year Cash-out Refi 6.57% 5/26/24
30 Year FHA Purchase 6.27% 5/26/24
30 Year VA Refi 6.27% 5/26/24
30 Year USDA Purchase 6.27% 5/26/24
15 Year Conventional Purchase 6.28% 5/26/24
15 Year Conventional Refi 5.40% 5/26/24
15 Year Cash-out Refi 5.40% 5/26/24
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






Your Estimates

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

This is not an official calculator from Guaranty Bank And Trust Company. 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

387

Origination Dollar Volume (All Markets)

$122,125,000

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
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%
Guaranty Bank And Trust Company's top markets include Memphis, Miami, Oxford, Grenada, and Greenwood among others.

Their top states include:
  • Mississippi (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 368 $118,430,000 $321,821 $0 0.00%
    FHA 13 $2,905,000 $223,462 $0 0.00%
    VA 3 $475,000 $158,333 $0 0.00%
    USDA 3 $315,000 $105,000 $0 0.00%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 254 $76,720,000 $302,047 $0 0.00%
    Refi 102 $25,920,000 $254,118 $0 0.00%
    Home Improvement 17 $16,925,000 $995,588 $0 0.00%
    Cash Out Refi 10 $1,860,000 $186,000 $0 0.00%
    Other 4 $700,000 $175,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 114 $32,670,000 $286,579 $0 0.00%
    $100k-200k 112 $16,320,000 $145,714 $0 0.00%
    $100,000 or less 107 $5,665,000 $52,944 $0 0.00%
    $400k-600k 32 $14,740,000 $460,625 $0 0.00%
    $600k-1MM 12 $8,730,000 $727,500 $0 0.00%
    $1MM+ 10 $44,000,000 $4,400,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 67 $8,685,000 $129,627 $0 0.00%
    $100k-150k 59 $13,425,000 $227,542 $0 0.00%
    $150k-250k 44 $13,360,000 $303,636 $0 0.00%
    $75k-100k 39 $5,905,000 $151,410 $0 0.00%
    $50k or less 36 $2,730,000 $75,833 $0 0.00%
    $250k+ 34 $13,820,000 $406,471 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 101 $61,845,000 $612,327 $0 0.00%
    White 201 $46,485,000 $231,269 $0 0.00%
    Black 54 $4,890,000 $90,556 $0 0.00%
    Not provided 21 $4,255,000 $202,619 $0 0.00%
    Asian 5 $3,985,000 $797,000 $0 0.00%
    Asian Indian 3 $315,000 $105,000 $0 0.00%
    American Indian 1 $205,000 $205,000 $0 0.00%
    Other Asian 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    76.58%

    Guaranty Bank And Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.94%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    387 $122,125,000 $315,568