Gcs Mortgage Rates, Fees & Info

Granite City, IL

LEI: 549300A03BP6F4DI7N56

Tax ID: 37-0646488

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Gcs is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Gcs has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Carbondale, and Centralia among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Gcs has an above 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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    Originations

    141

    Origination Dollar Volume (All Markets)

    $12,295,000

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 137 $11,975,000 $87,409 $0 4.44%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Outside of Metro Areas 2 $110,000 $55,000 $0 5.25%
    Centralia, IL (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Gcs's top markets include St. Louis, Carbondale, and Centralia among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 87 $9,015,000 $103,621 $0 0.00%
    HELOC 54 $3,280,000 $60,741 n/a 4.45%

    For 2023, Gcs's most frequently originated type of loan was Conventional, with 87 originations. Their 2nd most popular type was HELOC, with 54 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 77 $4,225,000 $54,870 $0 4.45%
    Refi 34 $4,150,000 $122,059 $0 0.00%
    Home Purchase 29 $3,575,000 $123,276 $0 0.00%
    Home Improvement 1 $345,000 $345,000 $0 0.00%

    For 2023, Gcs's most frequently cited loan purpose was Cash Out Refi, with 77 originations. The 2nd most popular reason was Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 141 $12,295,000 $87,199 $0 4.45%

    For 2023, Gcs's most frequently cited loan duration was Other, with 141 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 38 $2,460,000 $64,737
    5-6% 11 $545,000 $49,545
    <2.5% 4 $220,000 $55,000
    3-4% 1 $55,000 $55,000

    During 2023, Gcs's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 98 $4,520,000 $46,122 $0 4.46%
    $100k-200k 27 $3,355,000 $124,259 $0 4.25%
    $200k-400k 15 $4,005,000 $267,000 $0 4.75%
    $400k-600k 1 $415,000 $415,000 $0 4.25%

    2023 saw Gcs place emphasis on $100,000 or less loans with 98 originations, totaling $4,520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 40 $4,660,000 $116,500 $0 4.58%
    $50k-75k 35 $2,295,000 $65,571 $0 4.54%
    $50k or less 23 $1,355,000 $58,913 $0 4.25%
    $75k-100k 23 $1,895,000 $82,391 $0 4.33%
    $150k-250k 19 $2,005,000 $105,526 $0 4.35%
    $250k+ 1 $85,000 $85,000 $0 4.25%

    Gcs lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $50k-75k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 87 $9,015,000 $103,621 $0 0.00%
    20-30% 13 $625,000 $48,077 $0 4.25%
    <20% 10 $370,000 $37,000 $0 4.22%
    30-36% 8 $860,000 $107,500 $0 4.72%
    40% 4 $140,000 $35,000 $0 4.00%
    38% 4 $200,000 $50,000 $0 4.25%
    41% 3 $125,000 $41,667 $0 5.08%
    50-60% 2 $100,000 $50,000 $0 5.00%
    37% 2 $110,000 $55,000 $0 4.87%
    42% 2 $120,000 $60,000 $0 4.25%
    39% 2 $90,000 $45,000 $0 4.75%
    36% 2 $70,000 $35,000 $0 4.50%
    45% 1 $55,000 $55,000 $0 6.00%
    48% 1 $415,000 $415,000 $0 4.25%

    Gcs lent most frequently to those with DTI ratios of Exempt%, with 87 originations. The next most common DTI ratio? 20-30%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 99 $9,085,000 $91,768 $0 4.50%
    Not provided 39 $2,765,000 $70,897 $0 4.41%
    Black 3 $445,000 $148,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.02%

    Gcs has an average approval rate.

    Pick Rate

    Approvals leading to origination
    58.16%

    Gcs has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 87 $9,015,000 $103,621
    NA 54 $3,280,000 $60,741

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    141 $12,295,000 $87,199

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $1,235,000 $53,696 $0 4.59%
    40-60% 2 $110,000 $55,000 $0 3.12%
    60-80% 2 $360,000 $180,000 $0 4.50%
    80-100% 3 $605,000 $201,667 $0 4.25%
    Under 20% 24 $970,000 $40,417 $0 4.46%