Grand Bank Mortgage Rates, Fees & Info

Tulsa, OK

LEI: 549300D3Q016N7YOVW98

Tax ID: 73-0977072

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Mortgage Data

Review & Overview

Grand Bank is a smaller bank specializing in Home Purchase and Refi loans. Grand Bank has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Fayetteville, Dallas, Midland, and Oklahoma City among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Grand Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

37

Origination Dollar Volume (All Markets)

$16,375,000

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
TULSA, OK (FHA|USDA|VA) 29 $9,965,000 $343,621 $0 0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $3,770,000 $1,885,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $1,590,000 $795,000 $0 0.00%
Outside of Metro Areas 1 $505,000 $505,000 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Grand Bank's top markets include Tulsa, Fayetteville, Dallas, Midland, and Oklahoma City among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 37 $16,375,000 $442,568 $0 0.00%

    For 2018, Grand Bank's most frequently originated type of loan was Conventional, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 22 $12,880,000 $585,455 $0 0.00%
    Refi 13 $3,425,000 $263,462 $0 0.00%
    Other 2 $70,000 $35,000 $0 0.00%

    For 2018, Grand Bank's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 37 $16,375,000 $442,568 $0 0.00%

    For 2018, Grand Bank's most frequently cited loan duration was Other, with 37 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 9 $555,000 $61,667 $0 0.00%
    $100k-200k 8 $1,050,000 $131,250 $0 0.00%
    $200k-400k 6 $1,700,000 $283,333 $0 0.00%
    $400k-600k 6 $2,810,000 $468,333 $0 0.00%
    $1MM+ 4 $7,430,000 $1,857,500 $0 0.00%
    $600k-1MM 4 $2,830,000 $707,500 $0 0.00%

    2018 saw Grand Bank place emphasis on $100,000 or less loans with 9 originations, totaling $555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 7 $2,635,000 $376,429 $0 0.00%
    $250k+ 6 $4,420,000 $736,667 $0 0.00%
    $50k or less 3 $365,000 $121,667 $0 0.00%

    Grand Bank lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $250k+, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 37 $16,375,000 $442,568 $0 0.00%

    Grand Bank lent most frequently to those with DTI ratios of Exempt%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 20 $8,920,000 $446,000 $0 0.00%
    White 15 $6,545,000 $436,333 $0 0.00%
    American Indian 1 $655,000 $655,000 $0 0.00%
    Not provided 1 $255,000 $255,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Grand Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    97.30%

    Grand Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 37 $16,375,000 $442,568

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $5,935,000 $847,857
    Single Family (1-4 Units):Site-Built 30 $10,440,000 $348,000

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    GRANDE HOMES INC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%