Grand Bank Mortgage Rates, Fees & Info
Tulsa, OKLEI: 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, Dallas, Columbia, and Oklahoma City among others. We have data for 5 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
41Origination Dollar Volume (All Markets)
$18,785,000Top 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 |
|---|---|---|---|---|---|
| TULSA, OK (FHA|USDA|VA) | 35 | $14,375,000 | $410,714 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $3,775,000 | $1,258,333 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 41 | $18,785,000 | $458,171 | $0 | 0.00% |
For 2019, Grand Bank's most frequently originated type of loan was Conventional, with 41 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 23 | $12,835,000 | $558,043 | $0 | 0.00% |
| Refi | 17 | $5,645,000 | $332,059 | $0 | 0.00% |
| Other | 1 | $305,000 | $305,000 | $0 | 0.00% |
For 2019, Grand Bank's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 41 | $18,785,000 | $458,171 | $0 | 0.00% |
For 2019, Grand Bank's most frequently cited loan duration was Other, with 41 originations.
Loan Sizing
2019 saw Grand Bank place emphasis on $100k-200k loans with 12 originations, totaling $1,540,000 in origination value.
Applicant Income
Grand Bank lent most frequently to those with incomes in the $250k+ range, with 5 originations. The second most popular income band? $150k-250k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 41 | $18,785,000 | $458,171 | $0 | 0.00% |
Grand Bank lent most frequently to those with DTI ratios of Exempt%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination97.56%
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 | 41 | $18,785,000 | $458,171 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 10 | $7,440,000 | $744,000 |
| Single Family (1-4 Units):Site-Built | 31 | $11,345,000 | $365,968 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GUARANTEED RATE INC. | VA mortgage | Trouble during payment process | 1 | 2.8% |
| GUARANTEED RATE INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 11.1% |
| GUARANTEED RATE INC. | Conventional home mortgage | Closing on a mortgage | 7 | 19.4% |
| GUARANTEED RATE INC. | Conventional home mortgage | Struggling to pay mortgage | 1 | 2.8% |
| GUARANTEED RATE INC. | Conventional home mortgage | Trouble during payment process | 7 | 19.4% |
| GUARANTEED RATE INC. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 5.6% |
| GUARANTEED RATE INC. | FHA mortgage | Closing on a mortgage | 3 | 8.3% |
| GUARANTEED RATE INC. | FHA mortgage | Struggling to pay mortgage | 3 | 8.3% |
| GUARANTEED RATE INC. | FHA mortgage | Trouble during payment process | 3 | 8.3% |
| GUARANTEED RATE INC. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 2.8% |
| GUARANTEED RATE INC. | Other type of mortgage | Closing on a mortgage | 2 | 5.6% |
| GUARANTEED RATE INC. | Other type of mortgage | Trouble during payment process | 1 | 2.8% |
| GUARANTEED RATE INC. | VA mortgage | Closing on a mortgage | 1 | 2.8% |