Gcs Mortgage Rates, Fees & Info
Granite City, ILLEI: 549300A03BP6F4DI7N56
Tax ID: 37-0646488
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Gcs is a smaller mortgage company specializing in Refi and Home Purchase loans. Gcs has a high proportion of conventional loans. Their top two markets are St. Louis and Carbondale .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.
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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
178Origination Dollar Volume (All Markets)
$19,310,000Top 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) | 174 | $18,910,000 | $108,678 | $0 | 0.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $130,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 178 | $19,310,000 | $108,483 | $0 | 0.00% |
For 2020, Gcs's most frequently originated type of loan was Conventional, with 178 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 98 | $11,630,000 | $118,673 | $0 | 0.00% |
| Home Purchase | 65 | $7,255,000 | $111,615 | $0 | 0.00% |
| Cash Out Refi | 15 | $425,000 | $28,333 | $0 | 0.00% |
For 2020, Gcs's most frequently cited loan purpose was Refi, with 98 originations. The 2nd most popular reason was Home Purchase, with 65 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 178 | $19,310,000 | $108,483 | $0 | 0.00% |
For 2020, Gcs's most frequently cited loan duration was Other, with 178 originations.
Loan Sizing
2020 saw Gcs place emphasis on $100,000 or less loans with 96 originations, totaling $6,020,000 in origination value.
Applicant Income
Gcs lent most frequently to those with incomes in the $50k-75k range, with 53 originations. The second most popular income band? $75k-100k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 178 | $19,310,000 | $108,483 | $0 | 0.00% |
Gcs lent most frequently to those with DTI ratios of Exempt%, with 178 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.40%
Gcs has an average approval rate.
Pick Rate
Approvals leading to origination34.27%
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 | 178 | $19,310,000 | $108,483 |