Grand Bank For Savings Fsb Mortgage Rates, Fees & Info
Hattiesburg, MSLEI: 549300DM6DAOPSF8HL78
Tax ID: 64-0479007
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Mortgage Data
Review & Overview
Grand Bank For Savings Fsb is a smaller bank specializing in Home Purchase loans. Grand Bank For Savings Fsb has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Hattiesburg, Indianapolis, Dallas, Las Vegas, and Phoenix among others. We have data for 44 markets. (Some data included below & more in-depth data is available with an active subscription.)Grand Bank For Savings Fsb 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. Grand Bank For Savings Fsb 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 relatively high 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 8.77% | 11/17/24 |
| 30 Year Conventional Refi | 8.35% | 11/17/24 |
| 30 Year Cash-out Refi | 8.45% | 11/17/24 |
| 30 Year FHA Purchase | 7.04% | 11/17/24 |
| 30 Year USDA Purchase | 6.42% | 11/17/24 |
| 15 Year Conventional Purchase | 5.58% | 11/17/24 |
| 15 Year Conventional Refi | 7.41% | 11/17/24 |
| 15 Year Cash-out Refi | 7.41% | 11/17/24 |
| 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. | ||
Grand Bank For Savings Fsb Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
161Origination Dollar Volume (All Markets)
$35,355,000Awards
Grand Bank for Savings FSB - 2023
Grand Bank for Savings FSB is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Grand Bank For Savings Fsb's average 30 year fixed mortgage rate was
8.9%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 2.42%.
Relative Fees (Closing Costs)
Grand Bank For Savings Fsb's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,506.
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 $9,089.
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 |
|---|---|---|---|---|---|
| HATTIESBURG, MS (FHA|USDA|VA) | 30 | $6,900,000 | $230,000 | $4,611 | 7.19% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 22 | $4,170,000 | $189,545 | $4,262 | 9.51% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 19 | $4,085,000 | $215,000 | $7,841 | 9.53% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 14 | $3,530,000 | $252,143 | $10,551 | 9.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 9 | $2,765,000 | $307,222 | $8,624 | 9.67% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 9 | $1,695,000 | $188,333 | $4,829 | 9.63% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $11,106 | 9.31% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $10,427 | 8.63% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $4,206 | 9.31% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $9,577 | 9.19% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $5,293 | 8.63% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $5,523 | 8.29% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $7,115 | 8.96% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $10,006 | 8.81% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $6,220 | 9.31% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $8,375 | 8.63% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,295 | 9.38% |
| RENO, NV (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,773 | 8.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,373 | 9.38% |
| LINCOLN, NE (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,472 | 9.94% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,510 | 9.38% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,767 | 9.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,815 | 9.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,603 | 10.75% |
| Athens, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,743 | 9.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,334 | 9.75% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,695 | 10.31% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,611 | 8.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,406 | 9.38% |
| Picayune, MS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,879 | 10.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,817 | 11.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,251 | 8.88% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,305 | 8.75% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,076 | 8.63% |
| Hobbs, NM (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,130 | 10.50% |
| Laurel, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,491 | 6.50% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,418 | 8.75% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,912 | 9.88% |
| Starkville, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,016 | 7.25% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,553 | 9.75% |
| AKRON, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,277 | 9.25% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,565 | 9.50% |
| McComb, MS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,019 | 7.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,961 | 9.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Grand Bank for Savings FSB based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 56
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 147 | $32,395,000 | $220,374 | $6,328 | 9.15% |
| FHA | 12 | $2,560,000 | $213,333 | $6,869 | 6.51% |
| USDA | 2 | $400,000 | $200,000 | $7,040 | 7.25% |
For 2023, Grand Bank For Savings Fsb's most frequently originated type of loan was Conventional, with 147 originations. Their 2nd most popular type was FHA, with 12 originations.
Loan Reason
For 2023, Grand Bank For Savings Fsb's most frequently cited loan purpose was Home Purchase, with 143 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
For 2023, Grand Bank For Savings Fsb's most frequently cited loan duration was 30 Year, with 153 originations. The 2nd most popular length was 15 Year, with 3 originations.
Origination Fees/Closing Costs
Grand Bank For Savings Fsb's average total fees were $6,506, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 44 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 131 | $28,305,000 | $216,069 |
| 6-7% | 17 | $4,185,000 | $246,176 |
| 7-8% | 9 | $1,935,000 | $215,000 |
| 5-6% | 4 | $930,000 | $232,500 |
During 2023, Grand Bank For Savings Fsb's average interest rate for loans was 8.90%, while their most frequently originated rate bucket for loans was Over 8%, with 131 originations.
Loan Sizing
2023 saw Grand Bank For Savings Fsb place emphasis on $200k-400k loans with 78 originations, totaling $21,160,000 in origination value.
Applicant Income
Grand Bank For Savings Fsb lent most frequently to those with incomes in the $50k-75k range, with 60 originations. The second most popular income band? $75k-100k, with 33 originations.
Applicant Debt to Income Ratio
Grand Bank For Savings Fsb lent most frequently to those with DTI ratios of 49%, with 25 originations. The next most common DTI ratio? 30-36%, with 21 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.01%
Grand Bank For Savings Fsb has an average approval rate.
Pick Rate
Approvals leading to origination80.75%
Grand Bank For Savings Fsb has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 161 | $35,355,000 | $219,596 |