Gcs Mortgage Rates, Fees & Info
Granite City, ILLEI: 549300A03BP6F4DI7N56
Tax ID: 37-0646488
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Mortgage Data
Review & Overview
Gcs is a smaller mortgage company specializing in Home Purchase and Refi loans. Gcs has a high proportion of conventional loans. Their top two markets are St. Louis and Kansas City .Gcs 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.
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Originations
99Origination Dollar Volume (All Markets)
$9,655,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 95 | $9,015,000 | $94,895 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $375,000 | $125,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 99 | $9,655,000 | $97,525 | $0 | 0.00% |
For 2019, Gcs's most frequently originated type of loan was Conventional, with 99 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 39 | $5,015,000 | $128,590 | $0 | 0.00% |
| Refi | 36 | $3,860,000 | $107,222 | $0 | 0.00% |
| Cash Out Refi | 24 | $780,000 | $32,500 | $0 | 0.00% |
For 2019, Gcs's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 36 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 99 | $9,655,000 | $97,525 | $0 | 0.00% |
For 2019, Gcs's most frequently cited loan duration was Other, with 99 originations.
Loan Sizing
2019 saw Gcs place emphasis on $100,000 or less loans with 65 originations, totaling $3,255,000 in origination value.
Applicant Income
Gcs lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $50k or less, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 99 | $9,655,000 | $97,525 | $0 | 0.00% |
Gcs lent most frequently to those with DTI ratios of Exempt%, with 99 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.87%
Gcs has an average approval rate.
Pick Rate
Approvals leading to origination-30.30%
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 | 99 | $9,655,000 | $97,525 |