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 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: Las Vegas, Hattiesburg, Dallas, Cincinnati, and Omaha among others. We have data for 30 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 8.77% | 12/3/24 |
| 30 Year Conventional Refi | 8.35% | 12/3/24 |
| 30 Year Cash-out Refi | 8.45% | 12/3/24 |
| 30 Year FHA Purchase | 7.04% | 12/3/24 |
| 30 Year USDA Purchase | 6.42% | 12/3/24 |
| 15 Year Conventional Purchase | 5.58% | 12/3/24 |
| 15 Year Conventional Refi | 7.41% | 12/3/24 |
| 15 Year Cash-out Refi | 7.41% | 12/3/24 |
| 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
146Origination Dollar Volume (All Markets)
$29,270,000Top 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 |
|---|---|---|---|---|---|
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 18 | $4,540,000 | $252,222 | $9,029 | 7.38% |
| HATTIESBURG, MS (FHA|USDA|VA) | 19 | $3,905,000 | $205,526 | $2,592 | 4.22% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 18 | $3,600,000 | $200,000 | $7,131 | 7.71% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 13 | $2,235,000 | $171,923 | $4,464 | 7.34% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 12 | $2,170,000 | $180,833 | $3,945 | 7.81% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 11 | $1,635,000 | $148,636 | $3,270 | 7.66% |
| JACKSON, MS (FHA|USDA|VA) | 5 | $1,355,000 | $271,000 | $3,664 | 4.60% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $7,321 | 7.79% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $7,635 | 8.03% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $5,318 | 7.66% |
| RENO, NV (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $9,854 | 8.38% |
| BATON ROUGE, LA (FHA|USDA|VA) | 5 | $625,000 | $125,000 | $3,701 | 8.30% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $4,734 | 6.92% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $6,830 | 9.13% |
| LAFAYETTE, LA (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $4,445 | 7.54% |
| Outside of Metro Areas | 3 | $395,000 | $131,667 | $2,078 | 5.33% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,132 | 7.44% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,012 | 7.88% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,011 | 6.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,013 | 7.81% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,286 | 7.38% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,437 | 7.25% |
| Fernley, NV (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,197 | 7.38% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,228 | 6.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,139 | 6.25% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,939 | 7.25% |
| Hastings, NE (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,611 | 6.63% |
| Laurel, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,752 | 5.13% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,896 | 7.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,021 | 8.13% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 138 | $27,840,000 | $201,739 | $5,279 | 7.19% |
| FHA | 5 | $865,000 | $173,000 | $5,136 | 3.98% |
| USDA | 3 | $565,000 | $188,333 | $2,096 | 3.08% |
For 2022, Grand Bank For Savings Fsb's most frequently originated type of loan was Conventional, with 138 originations. Their 2nd most popular type was FHA, with 5 originations.
Loan Reason
For 2022, Grand Bank For Savings Fsb's most frequently cited loan purpose was Home Purchase, with 121 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
For 2022, Grand Bank For Savings Fsb's most frequently cited loan duration was 30 Year, with 137 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
Grand Bank For Savings Fsb's average total fees were $5,319, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 39 originations.
Interest Rates
During 2022, Grand Bank For Savings Fsb's average interest rate for loans was 7.10%, while their most frequently originated rate bucket for loans was 7-8%, with 49 originations.
Loan Sizing
2022 saw Grand Bank For Savings Fsb place emphasis on $100k-200k loans with 69 originations, totaling $10,445,000 in origination value.
Applicant Income
Grand Bank For Savings Fsb lent most frequently to those with incomes in the $50k-75k range, with 59 originations. The second most popular income band? $50k or less, with 33 originations.
Applicant Debt to Income Ratio
Grand Bank For Savings Fsb lent most frequently to those with DTI ratios of 30-36%, with 29 originations. The next most common DTI ratio? 20-30%, with 22 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.29%
Grand Bank For Savings Fsb has an average approval rate.
Pick Rate
Approvals leading to origination86.99%
Grand Bank For Savings Fsb has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 146 | $29,270,000 | $200,479 |
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% |