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

West Chester, OH

LEI: 549300ENNFGLHCMQ1U82

Tax ID: 31-0471850

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Mortgage Data

Bank Data

Review & Overview

Guardian Savings Bank A Federal Savings Bank is a smaller bank specializing in Home Purchase and 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 30 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.73% 12/7/24
30 Year Conventional Purchase 6.80% 12/7/24
30 Year Conventional Refi 6.47% 12/7/24
30 Year Cash-out Refi 6.69% 12/7/24
30 Year FHA Purchase 7.12% 12/7/24
30 Year FHA Refi 6.65% 12/7/24
30 Year VA Purchase 6.24% 12/7/24
30 Year VA Refi 5.88% 12/7/24
30 Year USDA Purchase 6.68% 12/7/24
15 Year Conventional Purchase 5.79% 12/7/24
15 Year Conventional Refi 5.79% 12/7/24
15 Year Cash-out Refi 5.79% 12/7/24
15 Year FHA Purchase 5.68% 12/7/24
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

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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

3,951

Origination Dollar Volume (All Markets)

$785,395,000

Employee count

166 Show all (21) awards

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) 2,851 $556,995,000 $195,368 $1,289 3.85%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 833 $176,365,000 $211,723 $1,013 3.84%
Richmond-Berea, KY (FHA|USDA|VA) 56 $11,180,000 $199,643 $954 3.80%
LOUISVILLE, KY (FHA|USDA|VA) 40 $10,410,000 $260,250 $795 3.78%
Outside of Metro Areas 42 $6,550,000 $155,952 $1,157 3.83%
Frankfort, KY (FHA|USDA|VA) 36 $5,950,000 $165,278 $1,589 3.71%
COLUMBUS, OH (FHA|USDA|VA) 12 $3,110,000 $259,167 $1,904 3.64%
DAYTON-KETTERING, OH (FHA|USDA|VA) 18 $2,630,000 $146,111 $718 3.68%
Danville, KY (FHA|USDA|VA) 17 $2,425,000 $142,647 $987 3.76%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 7 $1,495,000 $213,571 $2,614 4.02%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $10,369 4.25%
Mount Sterling, KY (FHA|USDA|VA) 7 $1,115,000 $159,286 $1,917 3.77%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $845,000 $281,667 $4,632 4.00%
Somerset, KY (FHA|USDA|VA) 5 $675,000 $135,000 $1,981 3.95%
Wilmington, OH (FHA|USDA|VA) 4 $650,000 $162,500 $3,390 3.75%
BOULDER, CO (FHA|USDA|VA) 1 $485,000 $485,000 $4,828 4.50%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $475,000 $475,000 $4,334 3.75%
KNOXVILLE, TN (FHA|USDA|VA) 2 $420,000 $210,000 $2,287 3.81%
Madison, IN (FHA|USDA|VA) 1 $395,000 $395,000 $668 3.75%
London, KY (FHA|USDA|VA) 3 $385,000 $128,333 $353 3.83%
Bellefontaine, OH (FHA|USDA|VA) 2 $370,000 $185,000 $3,077 3.63%
Maysville, KY (FHA|USDA|VA) 1 $225,000 $225,000 $821 3.50%
Sandusky, OH (FHA|USDA|VA) 1 $205,000 $205,000 $2,789 3.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $195,000 $195,000 $1,885 4.25%
PANAMA CITY, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,186 3.88%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $145,000 $145,000 $300 3.75%
Connersville, IN (FHA|USDA|VA) 1 $95,000 $95,000 $1,389 4.38%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $85,000 $85,000 $2,218 3.75%
Bardstown, KY (FHA|USDA|VA) 1 $75,000 $75,000 $750 4.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $65,000 $65,000 $2,006 3.75%
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)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,710 $744,140,000 $200,577 $971 3.83%
    FHA 194 $31,670,000 $163,247 $5,220 4.08%
    VA 29 $6,665,000 $229,828 $4,906 3.68%
    USDA 18 $2,920,000 $162,222 $3,773 3.99%

    For 2019, Guardian Savings Bank A Federal Savings Bank's most frequently originated type of loan was Conventional, with 3,710 originations. Their 2nd most popular type was FHA, with 194 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,575 $331,845,000 $210,695 $1,808 3.99%
    Refi 1,556 $311,250,000 $200,032 $578 3.70%
    Cash Out Refi 762 $135,880,000 $178,320 $1,497 3.81%
    Home Improvement 34 $3,260,000 $95,882 $976 4.21%
    Other 24 $3,160,000 $131,667 $953 4.41%

    For 2019, Guardian Savings Bank A Federal Savings Bank's most frequently cited loan purpose was Home Purchase, with 1,575 originations. The 2nd most popular reason was Refi, with 1,556 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,730 $579,070,000 $212,114 $1,488 3.96%
    15 Year 854 $138,070,000 $161,674 $666 3.50%
    20 Year 175 $32,185,000 $183,914 $875 3.76%
    Other 128 $27,940,000 $218,281 $613 3.75%
    10 Year 60 $8,110,000 $135,167 $604 3.65%
    5 Year 4 $20,000 $5,000 $0 2.00%

    For 2019, Guardian Savings Bank A Federal Savings Bank's most frequently cited loan duration was 30 Year, with 2,730 originations. The 2nd most popular length was 15 Year, with 854 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,751 $522,185,000 $189,816
    $1k-2k 676 $155,400,000 $229,882
    $2k-3k 178 $38,250,000 $214,888
    $3k-4k 70 $18,670,000 $266,714
    $4k-5k 40 $13,550,000 $338,750
    $5k+ 29 $12,715,000 $438,448

    Guardian Savings Bank A Federal Savings Bank's average total fees were $1,488, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,751 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,769 $559,545,000 $202,075
    4-5% 1,112 $214,870,000 $193,228
    5-6% 38 $4,230,000 $111,316
    2.5-3% 28 $6,730,000 $240,357
    <2.5% 4 $20,000 $5,000

    During 2019, Guardian Savings Bank A Federal Savings Bank's average interest rate for loans was 3.96%, while their most frequently originated rate bucket for loans was 3-4%, with 2,769 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,724 $257,290,000 $149,240 $1,230 3.85%
    $200k-400k 1,378 $368,820,000 $267,649 $1,299 3.81%
    $100,000 or less 618 $46,240,000 $74,822 $760 3.90%
    $400k-600k 207 $94,545,000 $456,739 $1,813 3.82%
    $600k-1MM 22 $15,810,000 $718,636 $3,154 4.04%
    $1MM+ 2 $2,690,000 $1,345,000 $5,912 4.00%

    2019 saw Guardian Savings Bank A Federal Savings Bank place emphasis on $100k-200k loans with 1,724 originations, totaling $257,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,035 $228,005,000 $220,295 $1,092 3.81%
    $50k-75k 838 $126,600,000 $151,074 $1,288 3.85%
    $75k-100k 770 $140,760,000 $182,805 $1,305 3.85%
    $150k-250k 658 $176,720,000 $268,571 $1,175 3.78%
    $50k or less 441 $48,205,000 $109,308 $1,396 3.93%
    $250k+ 166 $57,590,000 $346,928 $1,311 3.85%

    Guardian Savings Bank A Federal Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 1,035 originations. The second most popular income band? $50k-75k, with 838 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,296 $255,400,000 $197,068 $1,024 3.81%
    30-36% 790 $160,410,000 $203,051 $1,341 3.87%
    <20% 785 $147,775,000 $188,248 $731 3.74%
    36% 126 $27,880,000 $221,270 $1,578 3.95%
    38% 122 $24,820,000 $203,443 $1,603 3.96%
    37% 120 $23,130,000 $192,750 $1,477 3.87%
    39% 106 $20,520,000 $193,585 $1,485 3.91%
    40% 98 $20,130,000 $205,408 $1,353 3.81%
    41% 95 $21,595,000 $227,316 $1,678 3.93%
    42% 87 $16,365,000 $188,103 $1,717 3.91%
    43% 72 $12,580,000 $174,722 $1,494 4.02%
    44% 58 $11,940,000 $205,862 $1,636 3.95%
    50-60% 48 $9,490,000 $197,708 $5,255 4.04%
    45% 40 $9,160,000 $229,000 $1,647 4.03%
    47% 32 $7,670,000 $239,688 $2,785 3.99%
    46% 26 $5,700,000 $219,231 $1,638 4.03%
    48% 21 $4,895,000 $233,095 $2,996 3.91%
    49% 9 $1,625,000 $180,556 $1,521 4.01%
    >60% 2 $420,000 $210,000 $325 2.94%

    Guardian Savings Bank A Federal Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 1,296 originations. The next most common DTI ratio? 30-36%, with 790 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,344 $663,640,000 $198,457 $1,224 3.84%
    Not provided 364 $72,960,000 $200,440 $1,147 3.77%
    Asian 131 $27,405,000 $209,198 $1,090 3.80%
    Black 80 $14,990,000 $187,375 $2,341 3.95%
    Not applicable 25 $4,485,000 $179,400 $0 4.59%
    American Indian 3 $885,000 $295,000 $1,768 4.00%
    Asian Indian 1 $485,000 $485,000 $1,741 3.50%
    Native Hawaiian or Islander 2 $320,000 $160,000 $609 3.25%
    Japanese 1 $225,000 $225,000 $0 3.75%

    Approval Rates

    Total approvals of all applications
    84.60%

    Guardian Savings Bank A Federal Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.16%

    Guardian Savings Bank A Federal Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,951 $785,395,000 $198,784

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $505,000 $505,000
    Multifamily:Site-Built 6 $1,960,000 $326,667
    Single Family (1-4 Units):Site-Built 3,944 $782,930,000 $198,512

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 226 $26,980,000 $119,381 $504 3.73%
    40-60% 614 $110,060,000 $179,251 $580 3.70%
    60-80% 1,925 $400,185,000 $207,888 $1,030 3.83%
    80-100% 1,124 $242,170,000 $215,454 $2,054 3.96%
    Over 100% 8 $2,230,000 $278,750 $7,867 3.27%
    Under 20% 54 $3,770,000 $69,815 $372 4.14%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Guardian Savings Bank, A Federal Savings Bank 10 Kyles Lane Fort Wright, KY 41011 Full Service B&M $73,004
    Guardian Savings Bank, A Federal Savings Bank 11333 Princeton Road Cincinnati, OH 45246 Full Service B&M $49,023
    Guardian Savings Bank, A Federal Savings Bank 14 South Fort Thomas Avenue Fort Thomas, KY 41075 Full Service B&M $76,404
    Guardian Savings Bank, A Federal Savings Bank 2541 Sir Barton Way Lexington, KY 40509 Full Service B&M $29,600
    Guardian Savings Bank, A Federal Savings Bank 501 Southland Drive Lexington, KY 40503 Full Service B&M $86,946
    Guardian Savings Bank, A Federal Savings Bank 5511 Harrison Ave Cincinnati, OH 45248 Full Service B&M $88,334
    Guardian Savings Bank, A Federal Savings Bank 560 Ohio Pike Cincinnati, OH 45255 Full Service B&M $69,323
    Guardian Savings Bank, A Federal Savings Bank 5671 Springdale Rd Cincinnati, OH 45247 Full Service B&M $83,148
    Guardian Savings Bank, A Federal Savings Bank 5901 Colerain Avenue Cincinnati, OH 45239 Full Service B&M $186,895
    Guardian Savings Bank, A Federal Savings Bank 6100 West Chester Road West Chester, OH 45069 Full Service B&M $33,835
    Guardian Savings Bank, A Federal Savings Bank 7550 Mall Road Florence, KY 41042 Full Service B&M $60,642

    For 2019, Guardian Savings Bank A Federal Savings Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $35,939
    Net interest income $23,841
    Total noninterest income $11,029
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $180
    Trading account gains and fees $0
    Additional Noninterest Income $10,849
    Pre-tax net operating income $18,683
    Securities gains (or losses, -) $0
    Income before extraordinary items $18,683
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,683
    Minority interest net income $0
    Net income $18,683
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,683

    Guardian Savings Bank A Federal Savings Bank's gross interest income from loans was $35,939,000.
    Guardian Savings Bank A Federal Savings Bank's net interest income from loans was $23,841,000.
    Guardian Savings Bank A Federal Savings Bank's fee based income from loans was $180,000.
    Guardian Savings Bank A Federal Savings Bank's net income from loans was $18,683,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,098
    Provision for credit losses $0
    Total noninterest expense $16,187
    Salaries and employee benefits $9,308
    Premises and equipment expense $1,798
    Additional noninterest expense $5,081
    Applicable income taxes $0
    Net charge-offs $-329
    Cash dividends $14,868

    Guardian Savings Bank A Federal Savings Bank's interest expense for loans was $12,098,000.
    Guardian Savings Bank A Federal Savings Bank's payroll and benefits expense were $9,308,000.
    Guardian Savings Bank A Federal Savings Bank's property, plant and equipment expenses $1,798,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $875,100
    Deposits held in domestic offices $875,100
    Deposits by Individuals, partnerships, and corporations $875,100
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $299,390
    Demand deposits $299,390
    Nontransaction accounts $575,710
    Money market deposit accounts (MMDAs) $1,667
    Other savings deposits (excluding MMDAs) $137,883
    Total time deposits $436,160
    Total time and savings deposits $575,710
    Noninterest-bearing deposits $96,116
    Interest-bearing deposits $778,984
    Retail deposits $809,297
    IRAs and Keogh plan accounts $50,634
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $997,561
    Cash & Balances due from depository institutions $219,232
    Interest-bearing balances $210,904
    Total securities $0
    Federal funds sold & reverse repurchase $1,347
    Net loans and leases $729,999
    Loan and leases loss allowance $10,455
    Trading account assets $0
    Bank premises and fixed assets $11,208
    Other real estate owned $227
    Goodwill and other intangibles $24,647
    All other assets $10,901

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $997,561
    Total Liabilities $879,618
    Total deposits $875,100
    Interest-bearing deposits $778,984
    Deposits held in domestic offices $875,100
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,518

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $729,999
    Loan and leases loss allowance $10,455
    Total loans and leases (domestic) $740,454
    All real estate loans $740,441
    Real estate loans in domestic offices $740,441
    Construction and development loans $18,851
    Residential 1-4 family construction $12,836
    Other construction, all land development and other land $6,015
    Loans secured by nonfarm nonresidential properties $28,289
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $28,289
    Multifamily residential real estate $37,331
    1-4 family residential loans $655,905
    Farmland loans $65
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $13
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $13
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,607
    Non 1-4 family restructured loans & leases $551
    Total loans and leases (foreign) $0

    Guardian Savings Bank A Federal Savings Bank had $729,999,000 of loans outstanding in 2019. $740,441,000 of loans were in real estate loans. $18,851,000 of loans were in development loans. $37,331,000 of loans were in multifamily mortgage loans. $655,905,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 66 $14,424 $218,545
    Nonfarm, nonresidential loans - <$100k 12 $626 $52,167
    Nonfarm, nonresidential loans - $100-250k 28 $3,210 $114,643
    Nonfarm, nonresidential loans - $250k-1MM 26 $10,588 $407,231