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. Their top markets by origination volume include: Memphis, Jackson, Vicksburg, Oxford, and Cleveland among others. We have data for 38 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. 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.
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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
443Origination Dollar Volume (All Markets)
$158,795,000Top 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) | 182 | $61,040,000 | $335,385 | $0 | 5.39% |
| JACKSON, MS (FHA|USDA|VA) | 14 | $19,880,000 | $1,420,000 | $0 | 4.91% |
| Vicksburg, MS (FHA|USDA|VA) | 23 | $10,225,000 | $444,565 | $0 | 6.10% |
| Oxford, MS (FHA|USDA|VA) | 13 | $9,165,000 | $705,000 | $0 | 5.36% |
| Outside of Metro Areas | 60 | $8,890,000 | $148,167 | $0 | 6.00% |
| Cleveland, MS (FHA|USDA|VA) | 18 | $6,380,000 | $354,444 | $0 | 5.07% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $4,605,000 | $4,605,000 | $0 | 3.45% |
| HATTIESBURG, MS (FHA|USDA|VA) | 4 | $4,440,000 | $1,110,000 | $0 | 4.50% |
| Greenville, MS (FHA|USDA|VA) | 44 | $4,040,000 | $91,818 | $0 | 6.57% |
| Starkville, MS (FHA|USDA|VA) | 11 | $3,825,000 | $347,727 | $0 | 5.29% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $3,500,000 | $875,000 | $0 | 4.81% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $3,225,000 | $3,225,000 | $0 | 3.50% |
| Natchez, MS-LA (FHA|USDA|VA) | 2 | $2,600,000 | $1,300,000 | $0 | 4.50% |
| Grenada, MS (FHA|USDA|VA) | 14 | $2,460,000 | $175,714 | $0 | 6.30% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $2,235,000 | $2,235,000 | $0 | 3.55% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $0 | 5.65% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $1,315,000 | $1,315,000 | $0 | 4.55% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $0 | 4.50% |
| Greenwood, MS (FHA|USDA|VA) | 8 | $1,100,000 | $137,500 | $0 | 4.50% |
| Clarksdale, MS (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $0 | 4.75% |
| Indianola, MS (FHA|USDA|VA) | 17 | $1,035,000 | $60,882 | $0 | 7.62% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $0 | 7.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 3.31% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 2.88% |
| Columbus, MS (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 6.95% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 5.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 4.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 6.50% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 2.50% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 2.50% |
| West Point, MS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 9.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.50% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 2.50% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.30% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.88% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.88% |
| Corinth, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.15% |
| Brookhaven, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.83% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 443 | $158,795,000 | $358,454 | $0 | 5.63% |
For 2022, Guaranty Bank And Trust Company's most frequently originated type of loan was Conventional, with 443 originations.
Loan Reason
For 2022, Guaranty Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 262 originations. The 2nd most popular reason was Refi, with 133 originations.
Loan Duration/Length
For 2022, Guaranty Bank And Trust Company's most frequently cited loan duration was 5 Year, with 152 originations. The 2nd most popular length was Other, with 118 originations.
Origination Fees/Closing Costs
Guaranty Bank And Trust Company's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 57 originations.
Interest Rates
During 2022, Guaranty Bank And Trust Company's average interest rate for loans was 4.96%, while their most frequently originated rate bucket for loans was 4-5%, with 109 originations.
Loan Sizing
2022 saw Guaranty Bank And Trust Company place emphasis on $100,000 or less loans with 143 originations, totaling $8,405,000 in origination value.
Applicant Income
Guaranty Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 70 originations. The second most popular income band? $150k-250k, with 50 originations.
Applicant Debt to Income Ratio
Guaranty Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 70 originations. The next most common DTI ratio? 30-36%, with 63 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.52%
Guaranty Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination79.68%
Guaranty Bank And Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 443 | $158,795,000 | $358,454 |
LTV Distribution
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% |