Guardian Savings Bank A Federal Savings Bank Mortgage Rates, Fees & Info

West Chester, OH

LEI: 549300ENNFGLHCMQ1U82

Tax ID: 31-0471850

5 stars - Updated: 2/26/24 - out of 5 stars, based on 54 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Guardian Savings Bank A Federal Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Guardian Savings Bank A Federal Savings Bank 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: Cincinnati, Lexington, Richmond, Louisville, and Frankfort among others. We have data for 47 markets. (Some data included below & more in-depth data is available with an active subscription.)

Guardian Savings Bank A Federal Savings Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Guardian Savings Bank A Federal Savings Bank is typically a low 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.73% 2/26/24
30 Year Conventional Purchase 6.80% 2/26/24
30 Year Conventional Refi 6.47% 2/26/24
30 Year Cash-out Refi 6.69% 2/26/24
30 Year FHA Purchase 7.12% 2/26/24
30 Year FHA Refi 6.65% 2/26/24
30 Year VA Purchase 6.24% 2/26/24
30 Year VA Refi 5.88% 2/26/24
30 Year USDA Purchase 6.68% 2/26/24
15 Year Conventional Purchase 5.79% 2/26/24
15 Year Conventional Refi 5.79% 2/26/24
15 Year Cash-out Refi 5.79% 2/26/24
15 Year FHA Purchase 5.68% 2/26/24
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.

Guardian Savings Bank A Federal Savings Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Guardian Savings Bank A Federal Savings Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,921

Origination Dollar Volume (All Markets)

$610,075,000
Show all (25) awards

Relative Rate

Guardian Savings Bank A Federal Savings Bank's average 30 year fixed mortgage rate was 4.04%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.72%.

Relative Fees (Closing Costs)

Guardian Savings Bank A Federal Savings Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $1,423.

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
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2,140 $417,120,000 $194,916 $1,204 4.00%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 521 $123,865,000 $237,745 $1,024 3.83%
Richmond-Berea, KY (FHA|USDA|VA) 48 $10,240,000 $213,333 $915 3.73%
LOUISVILLE, KY (FHA|USDA|VA) 39 $8,785,000 $225,256 $1,097 4.02%
Frankfort, KY (FHA|USDA|VA) 34 $7,630,000 $224,412 $783 3.93%
Outside of Metro Areas 32 $5,790,000 $180,938 $1,897 4.09%
COLUMBUS, OH (FHA|USDA|VA) 10 $5,620,000 $562,000 $2,938 3.90%
COLUMBIA, SC (FHA|USDA|VA) 1 $5,535,000 $5,535,000 $0 3.25%
DAYTON-KETTERING, OH (FHA|USDA|VA) 19 $4,665,000 $245,526 $753 3.41%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 9 $2,185,000 $242,778 $1,462 4.53%
Somerset, KY (FHA|USDA|VA) 9 $2,165,000 $240,556 $1,280 3.78%
KNOXVILLE, TN (FHA|USDA|VA) 3 $1,815,000 $605,000 $4,675 3.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,500,000 $375,000 $3,644 4.06%
London, KY (FHA|USDA|VA) 3 $985,000 $328,333 $1,790 4.67%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $850,000 $425,000 $3,283 3.75%
Danville, KY (FHA|USDA|VA) 5 $825,000 $165,000 $1,432 4.10%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $820,000 $410,000 $5,711 3.75%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $685,000 $685,000 $2,161 3.75%
Mount Sterling, KY (FHA|USDA|VA) 5 $685,000 $137,000 $1,146 3.30%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $645,000 $645,000 $14,309 4.50%
Wilmington, OH (FHA|USDA|VA) 4 $630,000 $157,500 $671 3.97%
Sevierville, TN (FHA|USDA|VA) 2 $610,000 $305,000 $4,499 4.19%
ANN ARBOR, MI (FHA|USDA|VA) 1 $515,000 $515,000 $5,847 2.75%
TUCSON, AZ (FHA|USDA|VA) 1 $465,000 $465,000 $4,801 4.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $435,000 $435,000 $2,505 4.00%
Greensburg, IN (FHA|USDA|VA) 1 $405,000 $405,000 $0 5.75%
PITTSBURGH, PA (FHA|USDA|VA) 1 $385,000 $385,000 $500 4.88%
Norwalk, OH (FHA|USDA|VA) 1 $375,000 $375,000 $4,601 4.00%
Maysville, KY (FHA|USDA|VA) 1 $335,000 $335,000 $1,346 5.75%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $325,000 $325,000 $3,148 3.50%
WHEELING, WV-OH (FHA|USDA|VA) 2 $310,000 $155,000 $3,138 3.75%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $300,000 $150,000 $3,065 2.88%
Richmond, IN (FHA|USDA|VA) 1 $265,000 $265,000 $895 3.50%
MOBILE, AL (FHA|USDA|VA) 1 $255,000 $255,000 $2,560 3.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,209 4.00%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $245,000 $245,000 $2,206 3.00%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,054 4.88%
TULSA, OK (FHA|USDA|VA) 1 $225,000 $225,000 $2,688 4.00%
Ludington, MI (FHA|USDA|VA) 1 $205,000 $205,000 $2,037 3.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.50%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,996 3.50%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $155,000 $155,000 $1,731 4.00%
AKRON, OH (FHA|USDA|VA) 1 $115,000 $115,000 $439 5.75%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.25%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $75,000 $75,000 $573 5.00%
Washington Court House, OH (FHA|USDA|VA) 1 $65,000 $65,000 $310 4.00%
Findlay, OH (FHA|USDA|VA) 1 $65,000 $65,000 $445 4.50%
Guardian Savings Bank A Federal Savings Bank's top markets include Cincinnati, Lexington, Richmond, Louisville, and Frankfort among others.

Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Guardian Savings Bank A Federal Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CINFED Federal Credit Union
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    KH NETWORK CREDIT UNION
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    INDIANA MEMBERS CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,519 $565,635,000 $224,547 $1,005 3.74%
    HELOC 322 $26,280,000 $81,615 n/a 5.59%
    FHA 59 $12,875,000 $218,220 $6,853 4.52%
    VA 13 $3,765,000 $289,615 $7,963 4.20%
    USDA 8 $1,520,000 $190,000 $4,649 3.91%

    For 2022, Guardian Savings Bank A Federal Savings Bank's most frequently originated type of loan was Conventional, with 2,519 originations. Their 2nd most popular type was HELOC, with 322 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,141 $325,635,000 $285,394 $1,728 4.21%
    Cash Out Refi 732 $134,560,000 $183,825 $1,246 3.63%
    Refi 548 $102,230,000 $186,551 $464 3.18%
    Other 323 $30,905,000 $95,681 $902 5.35%
    Home Improvement 177 $16,745,000 $94,605 $312 3.63%

    For 2022, Guardian Savings Bank A Federal Savings Bank's most frequently cited loan purpose was Home Purchase, with 1,141 originations. The 2nd most popular reason was Cash Out Refi, with 732 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,822 $464,690,000 $255,044 $1,423 4.04%
    15 Year 496 $77,900,000 $157,056 $743 3.17%
    10 Year 382 $36,160,000 $94,660 $425 5.20%
    20 Year 123 $21,905,000 $178,089 $1,022 3.36%
    5 Year 55 $275,000 $5,000 $0 2.00%
    Other 43 $9,145,000 $212,674 $593 3.07%

    For 2022, Guardian Savings Bank A Federal Savings Bank's most frequently cited loan duration was 30 Year, with 1,822 originations. The 2nd most popular length was 15 Year, with 496 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,870 $385,390,000 $206,091
    $1k-2k 313 $75,735,000 $241,965
    $2k-3k 110 $28,990,000 $263,545
    $3k-4k 54 $15,510,000 $287,222
    $5k+ 33 $21,205,000 $642,576
    $4k-5k 20 $6,450,000 $322,500

    Guardian Savings Bank A Federal Savings Bank's average total fees were $1,423, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,870 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 998 $246,080,000 $246,573
    4-5% 626 $123,320,000 $196,997
    2.5-3% 550 $116,440,000 $211,709
    5-6% 310 $67,660,000 $218,258
    <2.5% 290 $40,870,000 $140,931
    6-7% 82 $10,000,000 $121,951
    7-8% 59 $5,455,000 $92,458
    Over 8% 6 $250,000 $41,667

    During 2022, Guardian Savings Bank A Federal Savings Bank's average interest rate for loans was 4.04%, while their most frequently originated rate bucket for loans was 3-4%, with 998 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,002 $148,410,000 $148,114 $997 3.83%
    $200k-400k 938 $256,400,000 $273,348 $1,384 3.92%
    $100,000 or less 706 $40,120,000 $56,827 $439 4.23%
    $400k-600k 195 $92,295,000 $473,308 $2,058 3.91%
    $600k-1MM 62 $44,430,000 $716,613 $2,436 3.91%
    $1MM+ 18 $28,420,000 $1,578,889 $10,096 4.03%

    2022 saw Guardian Savings Bank A Federal Savings Bank place emphasis on $100k-200k loans with 1,002 originations, totaling $148,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 706 $150,120,000 $212,635 $1,221 4.00%
    $50k-75k 579 $83,395,000 $144,033 $1,050 3.95%
    $75k-100k 522 $92,870,000 $177,912 $1,110 3.99%
    $150k-250k 503 $140,975,000 $280,268 $1,466 4.00%
    $50k or less 341 $32,655,000 $95,762 $909 3.70%
    $250k+ 200 $80,600,000 $403,000 $1,683 4.05%

    Guardian Savings Bank A Federal Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 706 originations. The second most popular income band? $50k-75k, with 579 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 856 $172,410,000 $201,414 $1,142 3.92%
    30-36% 568 $125,260,000 $220,528 $1,256 4.09%
    <20% 458 $86,480,000 $188,821 $805 3.80%
    41% 113 $27,185,000 $240,575 $1,024 3.97%
    38% 110 $25,280,000 $229,818 $1,175 4.07%
    37% 100 $21,510,000 $215,100 $1,612 4.11%
    40% 96 $20,730,000 $215,938 $1,481 3.98%
    42% 94 $19,360,000 $205,957 $1,359 4.30%
    39% 93 $23,125,000 $248,656 $1,478 4.12%
    44% 85 $17,045,000 $200,529 $1,132 4.09%
    36% 83 $15,935,000 $191,988 $1,037 4.18%
    43% 79 $18,225,000 $230,696 $1,306 4.05%
    45% 34 $7,180,000 $211,176 $2,177 3.88%
    46% 25 $4,315,000 $172,600 $900 4.21%
    47% 23 $4,535,000 $197,174 $2,355 4.20%
    50-60% 17 $3,025,000 $177,941 $6,942 5.12%
    48% 13 $3,985,000 $306,538 $5,242 4.47%
    49% 12 $1,660,000 $138,333 $1,086 4.08%

    Guardian Savings Bank A Federal Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 856 originations. The next most common DTI ratio? 30-36%, with 568 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,271 $472,575,000 $208,091 $1,210 3.96%
    Not provided 387 $74,265,000 $191,899 $1,086 4.21%
    Not applicable 57 $27,645,000 $485,000 $1,435 4.16%
    Black 134 $15,950,000 $119,030 $1,235 3.11%
    Asian 47 $12,135,000 $258,191 $898 4.01%
    Asian Indian 8 $2,920,000 $365,000 $2,555 4.06%
    Chinese 7 $1,325,000 $189,286 $0 4.80%
    American Indian 4 $1,220,000 $305,000 $1,398 3.66%
    Other Asian 2 $1,080,000 $540,000 $4,423 5.25%
    Native Hawaiian or Islander 3 $855,000 $285,000 $1,270 3.38%
    Guamanian 1 $105,000 $105,000 $515 4.00%

    Approval Rates

    Total approvals of all applications
    88.62%

    Guardian Savings Bank A Federal Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.04%

    Guardian Savings Bank A Federal Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,921 $610,075,000 $208,858

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,921 $610,075,000 $208,858

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 410 $48,400,000 $118,049 $512 4.07%
    40-60% 564 $106,910,000 $189,557 $687 3.56%
    60-80% 1,007 $275,495,000 $273,580 $1,448 3.80%
    80-100% 571 $161,405,000 $282,671 $1,894 4.24%
    Over 100% 4 $1,670,000 $417,500 $15,469 4.16%
    Under 20% 309 $15,705,000 $50,825 $328 4.94%