Guaranty Bank & Trust N.a. Mortgage Rates, Fees & Info
Mount Pleasant, TXLEI: 549300A2N0IEBKSB5I23
Tax ID: 75-0308240
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Mortgage Data
Review & Overview
Guaranty Bank & Trust N.a. is a smaller bank specializing in loans. Guaranty Bank & Trust N.a. 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: Dallas, College Station, Austin, Mount Pleasant, and Houston among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)Guaranty Bank & Trust N.a. 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. Guaranty Bank & Trust N.a. is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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 | 6.62% | 3/23/23 |
| 30 Year Conventional Refi | 6.49% | 3/23/23 |
| 30 Year Cash-out Refi | 6.95% | 3/23/23 |
| 30 Year FHA Purchase | 7.22% | 3/23/23 |
| 30 Year VA Purchase | 6.34% | 3/23/23 |
| 30 Year USDA Purchase | 6.48% | 3/23/23 |
| 15 Year Conventional Purchase | 6.35% | 3/23/23 |
| 15 Year Conventional Refi | 6.71% | 3/23/23 |
| 15 Year Cash-out Refi | 6.71% | 3/23/23 |
| 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. | ||
Originations
808Origination Dollar Volume (All Markets)
$293,600,000Awards
Guaranty Bank & Trust N.A. - 2022
Guaranty Bank & Trust N.A. is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Guaranty Bank & Trust N.a.'s average 30 year fixed mortgage rate was
4.79%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.03%.
Relative Fees (Closing Costs)
Guaranty Bank & Trust N.a.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $6,418.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 118 | $72,740,000 | $616,441 | $6,198 | 5.03% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 96 | $46,180,000 | $481,042 | $7,360 | 5.02% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 26 | $32,170,000 | $1,237,308 | $12,749 | 5.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 113 | $23,135,000 | $204,735 | $3,465 | 5.23% |
| Outside of Metro Areas | 100 | $21,910,000 | $219,100 | $4,592 | 5.10% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 53 | $19,825,000 | $374,057 | $6,046 | 4.94% |
| LONGVIEW, TX (FHA|USDA|VA) | 61 | $19,015,000 | $311,721 | $5,115 | 5.16% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 83 | $15,655,000 | $188,614 | $4,167 | 4.94% |
| Paris, TX (FHA|USDA|VA) | 59 | $9,695,000 | $164,322 | $4,758 | 5.17% |
| Sulphur Springs, TX (FHA|USDA|VA) | 47 | $9,305,000 | $197,979 | $4,152 | 5.35% |
| Granbury, TX (FHA|USDA|VA) | 2 | $7,610,000 | $3,805,000 | $5,236 | 5.81% |
| TYLER, TX (FHA|USDA|VA) | 6 | $2,830,000 | $471,667 | $5,631 | 5.56% |
| WACO, TX (FHA|USDA|VA) | 3 | $1,785,000 | $595,000 | $0 | 4.53% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $0 | 4.74% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $9,975 | 4.44% |
| Hilo, HI (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 6.25% |
| Edwards, CO (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $5,066 | 5.13% |
| Oxford, MS (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 5.50% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $10,522 | 6.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 4.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,142 | 6.12% |
| Gainesville, TX (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $4,136 | 4.25% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 6.50% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 6.74% |
| Huntsville, TX (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,199 | 5.87% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 7.75% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 5.99% |
| ABILENE, TX (FHA|USDA|VA) | 5 | $345,000 | $69,000 | $0 | 4.25% |
| Brenham, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,152 | 5.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,755 | 4.25% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,734 | 3.25% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,461 | 5.12% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,180 | 5.25% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 6.37% |
| Athens, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,094 | 3.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.74% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.74% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.25% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Guaranty Bank & Trust N.A. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2022, Guaranty Bank & Trust N.a.'s most frequently originated type of loan was Conventional, with 763 originations. Their 2nd most popular type was FHA, with 29 originations.
Loan Reason
For 2022, Guaranty Bank & Trust N.a.'s most frequently cited loan purpose was Home Purchase, with 572 originations. The 2nd most popular reason was Cash Out Refi, with 111 originations.
Loan Duration/Length
For 2022, Guaranty Bank & Trust N.a.'s most frequently cited loan duration was 30 Year, with 254 originations. The 2nd most popular length was Other, with 170 originations.
Origination Fees/Closing Costs
Guaranty Bank & Trust N.a.'s average total fees were $6,418, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 196 originations.
Interest Rates
During 2022, Guaranty Bank & Trust N.a.'s average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 5-6%, with 264 originations.
Loan Sizing
2022 saw Guaranty Bank & Trust N.a. place emphasis on $100k-200k loans with 233 originations, totaling $34,635,000 in origination value.
Applicant Income
Guaranty Bank & Trust N.a. lent most frequently to those with incomes in the $100k-150k range, with 119 originations. The second most popular income band? $250k+, with 111 originations.
Applicant Debt to Income Ratio
Guaranty Bank & Trust N.a. lent most frequently to those with DTI ratios of 20-30%, with 132 originations. The next most common DTI ratio? 30-36%, with 98 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.51%
Guaranty Bank & Trust N.a. has an average approval rate.
Pick Rate
Approvals leading to origination86.39%
Guaranty Bank & Trust N.a. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 5 | $1,055,000 | $211,000 |
| 250.0 | 2 | $360,000 | $180,000 |
| 375.0 | 26 | $9,790,000 | $376,538 |
| 535.0 | 1 | $115,000 | $115,000 |
| NA | 774 | $282,280,000 | $364,703 |
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% |