Gardner Financial Services Ltd. Mortgage Rates, Fees & Info

SAN ANTONIO, TX

LEI: 549300M8WGW2D17CZD19

Tax ID: 20-2749403

1 stars - Updated: 5/20/24 - out of 5 stars, based on 46 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Gardner Financial Services Ltd. is a smaller mortgage company specializing in Home Purchase loans. Gardner Financial Services Ltd. 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: San Antonio, Dallas, Austin, Corpus Christi, and Houston among others. We have data for 100 markets. (Some data included below & more in-depth data is available with an active subscription.)

Gardner Financial Services Ltd. 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. Gardner Financial Services Ltd. is typically a high 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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Originations

2,150

Origination Dollar Volume (All Markets)

$762,000,000

Relative Rate

Gardner Financial Services Ltd.'s average 30 year fixed mortgage rate was 6.73%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.25%.

Relative Fees (Closing Costs)

Gardner Financial Services Ltd.'s average total fees/closing costs for a 30 year fixed rate mortgage were $12,695.

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
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 842 $308,080,000 $365,891 $14,294 6.51%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 343 $132,005,000 $384,854 $12,097 6.72%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 123 $64,155,000 $521,585 $15,655 6.48%
CORPUS CHRISTI, TX (FHA|USDA|VA) 165 $50,895,000 $308,455 $11,204 6.87%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 128 $48,000,000 $375,000 $10,342 6.87%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 166 $42,990,000 $258,976 $9,584 7.26%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 35 $11,915,000 $340,429 $12,102 7.26%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 33 $10,255,000 $310,758 $11,215 6.70%
Outside of Metro Areas 31 $8,385,000 $270,484 $11,314 6.76%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 25 $7,075,000 $283,000 $11,267 7.06%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 18 $6,560,000 $364,444 $11,926 7.40%
Kerrville, TX (FHA|USDA|VA) 19 $6,235,000 $328,158 $10,068 6.81%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 15 $5,555,000 $370,333 $11,984 7.18%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 11 $3,695,000 $335,909 $14,206 7.11%
OKLAHOMA CITY, OK (FHA|USDA|VA) 15 $3,325,000 $221,667 $8,447 7.14%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 12 $3,290,000 $274,167 $11,892 6.32%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 10 $2,540,000 $254,000 $10,266 7.29%
Rockport, TX (FHA|USDA|VA) 6 $2,110,000 $351,667 $10,531 6.63%
LUBBOCK, TX (FHA|USDA|VA) 5 $1,705,000 $341,000 $13,326 6.93%
SALT LAKE CITY, UT (FHA|USDA|VA) 4 $1,620,000 $405,000 $7,166 7.22%
ALBUQUERQUE, NM (FHA|USDA|VA) 5 $1,575,000 $315,000 $8,361 6.58%
Granbury, TX (FHA|USDA|VA) 6 $1,550,000 $258,333 $8,374 7.21%
Del Rio, TX (FHA|USDA|VA) 7 $1,535,000 $219,286 $10,743 6.93%
WACO, TX (FHA|USDA|VA) 5 $1,395,000 $279,000 $9,635 6.93%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $1,270,000 $635,000 $9,435 7.13%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,130,000 $565,000 $22,010 6.81%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $1,120,000 $560,000 $13,665 6.50%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 5 $1,085,000 $217,000 $8,980 6.88%
OCALA, FL (FHA|USDA|VA) 4 $1,040,000 $260,000 $10,354 7.47%
SHERMAN-DENISON, TX (FHA|USDA|VA) 4 $1,040,000 $260,000 $9,620 6.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $990,000 $495,000 $12,081 6.81%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 5 $965,000 $193,000 $7,180 7.43%
Brenham, TX (FHA|USDA|VA) 2 $920,000 $460,000 $9,876 6.81%
Kingsville, TX (FHA|USDA|VA) 5 $895,000 $179,000 $7,754 7.10%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $870,000 $217,500 $9,793 7.75%
Edwards, CO (FHA|USDA|VA) 1 $855,000 $855,000 $34,954 6.50%
TYLER, TX (FHA|USDA|VA) 2 $820,000 $410,000 $16,502 6.19%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $770,000 $385,000 $21,526 6.56%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $760,000 $380,000 $16,606 6.75%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $725,000 $725,000 $3,576 6.50%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $725,000 $241,667 $9,845 6.92%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $620,000 $310,000 $10,499 7.06%
Beeville, TX (FHA|USDA|VA) 2 $620,000 $310,000 $14,461 7.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $610,000 $305,000 $16,091 7.13%
Alice, TX (FHA|USDA|VA) 3 $605,000 $201,667 $8,616 6.25%
JACKSON, MS (FHA|USDA|VA) 2 $580,000 $290,000 $12,136 7.13%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $580,000 $290,000 $9,467 6.63%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $570,000 $285,000 $9,163 7.50%
Stephenville, TX (FHA|USDA|VA) 1 $565,000 $565,000 $14,124 6.00%
Cookeville, TN (FHA|USDA|VA) 1 $545,000 $545,000 $16,460 8.00%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $500,000 $250,000 $9,686 7.38%
PANAMA CITY, FL (FHA|USDA|VA) 2 $490,000 $245,000 $11,094 7.38%
VICTORIA, TX (FHA|USDA|VA) 2 $440,000 $220,000 $9,576 7.63%
GREELEY, CO (FHA|USDA|VA) 1 $435,000 $435,000 $11,358 7.63%
Bay City, TX (FHA|USDA|VA) 1 $425,000 $425,000 $0 7.50%
Uvalde, TX (FHA|USDA|VA) 1 $425,000 $425,000 $28,391 6.13%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $405,000 $405,000 $18,976 7.13%
LAREDO, TX (FHA|USDA|VA) 1 $395,000 $395,000 $0 8.25%
Wauchula, FL (FHA|USDA|VA) 2 $370,000 $185,000 $8,947 7.63%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $355,000 $355,000 $23,546 6.50%
Enterprise, AL (FHA|USDA|VA) 1 $345,000 $345,000 $11,331 6.63%
SANTA FE, NM (FHA|USDA|VA) 1 $345,000 $345,000 $14,369 7.13%
Statesboro, GA (FHA|USDA|VA) 1 $345,000 $345,000 $18,155 7.00%
SAN ANGELO, TX (FHA|USDA|VA) 1 $345,000 $345,000 $18,859 5.75%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $335,000 $335,000 $13,895 6.75%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $335,000 $335,000 $11,038 6.88%
ST. GEORGE, UT (FHA|USDA|VA) 1 $325,000 $325,000 $7,624 8.00%
Dublin, GA (FHA|USDA|VA) 2 $320,000 $160,000 $8,136 6.94%
ABILENE, TX (FHA|USDA|VA) 1 $315,000 $315,000 $5,612 7.13%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $315,000 $315,000 $3,271 8.00%
MIDLAND, TX (FHA|USDA|VA) 1 $315,000 $315,000 $9,453 7.75%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $315,000 $315,000 $9,693 6.50%
SAVANNAH, GA (FHA|USDA|VA) 1 $305,000 $305,000 $23,227 6.13%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $305,000 $305,000 $16,427 6.88%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $305,000 $305,000 $17,115 5.75%
Fredericksburg, TX (FHA|USDA|VA) 1 $295,000 $295,000 $0 7.63%
Lufkin, TX (FHA|USDA|VA) 1 $295,000 $295,000 $7,412 6.88%
Shelbyville, TN (FHA|USDA|VA) 2 $290,000 $145,000 $4,550 8.50%
MANHATTAN, KS (FHA|USDA|VA) 1 $285,000 $285,000 $6,739 6.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $285,000 $285,000 $16,158 7.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $275,000 $275,000 $10,857 7.00%
Mineral Wells, TX (FHA|USDA|VA) 1 $265,000 $265,000 $8,631 7.38%
Georgetown, SC (FHA|USDA|VA) 1 $255,000 $255,000 $10,785 7.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $245,000 $245,000 $9,048 6.75%
Nacogdoches, TX (FHA|USDA|VA) 1 $245,000 $245,000 $6,418 6.88%
Athens, TX (FHA|USDA|VA) 1 $235,000 $235,000 $8,089 7.50%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $225,000 $225,000 $11,633 6.75%
Boone, NC (FHA|USDA|VA) 1 $215,000 $215,000 $10,190 6.88%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $215,000 $215,000 $6,771 8.75%
Huntsville, TX (FHA|USDA|VA) 1 $205,000 $205,000 $10,156 6.38%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $205,000 $205,000 $8,202 7.13%
Port Lavaca, TX (FHA|USDA|VA) 1 $185,000 $185,000 $6,650 8.25%
El Campo, TX (FHA|USDA|VA) 1 $165,000 $165,000 $8,628 6.38%
Gainesville, TX (FHA|USDA|VA) 1 $135,000 $135,000 $7,215 6.13%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $135,000 $135,000 $6,363 6.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $125,000 $125,000 $5,489 7.25%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $125,000 $125,000 $6,740 5.88%
Seneca, SC (FHA|USDA|VA) 1 $105,000 $105,000 $8,057 5.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.88%
Sweetwater, TX (FHA|USDA|VA) 1 $65,000 $65,000 $6,086 7.13%
Gardner Financial Services Ltd.'s top markets include San Antonio, Dallas, Austin, Corpus Christi, and Houston among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,292 $465,370,000 $360,193 $10,509 6.82%
    FHA 547 $159,095,000 $290,850 $14,460 6.78%
    VA 296 $133,860,000 $452,230 $17,933 6.23%
    HELOC 11 $2,855,000 $259,545 n/a 7.86%
    USDA 4 $820,000 $205,000 $9,356 7.16%

    For 2023, Gardner Financial Services Ltd.'s most frequently originated type of loan was Conventional, with 1,292 originations. Their 2nd most popular type was FHA, with 547 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,009 $704,135,000 $350,490 $12,408 6.71%
    Refi 72 $39,160,000 $543,889 $19,709 6.63%
    Cash Out Refi 55 $14,195,000 $258,091 $10,600 7.28%
    Home Improvement 9 $2,175,000 $241,667 $0 7.86%
    Other 5 $2,335,000 $467,000 $12,294 8.15%

    For 2023, Gardner Financial Services Ltd.'s most frequently cited loan purpose was Home Purchase, with 2,009 originations. The 2nd most popular reason was Refi, with 72 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,083 $743,885,000 $357,122 $12,695 6.73%
    15 Year 39 $11,405,000 $292,436 $10,408 6.04%
    Other 13 $3,185,000 $245,000 $6,448 8.10%
    20 Year 6 $1,180,000 $196,667 $7,667 6.33%
    10 Year 5 $225,000 $45,000 $1,810 8.42%
    1 Year 4 $2,120,000 $530,000 $0 8.38%

    For 2023, Gardner Financial Services Ltd.'s most frequently cited loan duration was 30 Year, with 2,083 originations. The 2nd most popular length was 15 Year, with 39 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,184 $485,980,000 $410,456
    $1k-2k 311 $104,875,000 $337,219
    $4k-5k 230 $62,590,000 $272,130
    $3k-4k 197 $47,075,000 $238,959
    $2k-3k 124 $33,330,000 $268,790
    $<1k 31 $10,085,000 $325,323

    Gardner Financial Services Ltd.'s average total fees were $12,695, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,184 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,019 $359,575,000 $352,870
    7-8% 701 $242,805,000 $346,369
    5-6% 342 $131,630,000 $384,883
    Over 8% 52 $14,980,000 $288,077
    4-5% 36 $13,010,000 $361,389

    During 2023, Gardner Financial Services Ltd.'s average interest rate for loans was 6.73%, while their most frequently originated rate bucket for loans was 6-7%, with 1,019 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,199 $352,635,000 $294,108 $11,555 6.74%
    $400k-600k 444 $212,200,000 $477,928 $15,506 6.62%
    $100k-200k 290 $46,420,000 $160,069 $7,601 6.84%
    $600k-1MM 157 $112,985,000 $719,650 $19,450 6.67%
    $100,000 or less 36 $2,520,000 $70,000 $4,431 7.45%
    $1MM+ 24 $35,240,000 $1,468,333 $32,169 6.73%

    2023 saw Gardner Financial Services Ltd. place emphasis on $200k-400k loans with 1,199 originations, totaling $352,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 625 $213,765,000 $342,024 $12,723 6.70%
    $75k-100k 435 $121,815,000 $280,034 $11,512 6.75%
    $150k-250k 430 $188,280,000 $437,860 $14,794 6.66%
    $50k-75k 336 $74,200,000 $220,833 $9,701 6.80%
    $250k+ 245 $151,475,000 $618,265 $16,345 6.88%
    $50k or less 75 $10,695,000 $142,600 $7,473 6.63%

    Gardner Financial Services Ltd. lent most frequently to those with incomes in the $100k-150k range, with 625 originations. The second most popular income band? $75k-100k, with 435 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 272 $92,850,000 $341,360 $11,481 6.75%
    50-60% 268 $92,480,000 $345,075 $15,776 6.57%
    20-30% 255 $98,625,000 $386,765 $12,101 6.72%
    49% 152 $51,160,000 $336,579 $11,844 6.72%
    42% 109 $40,935,000 $375,550 $12,514 6.79%
    44% 101 $34,135,000 $337,970 $12,395 6.89%
    48% 101 $33,305,000 $329,752 $12,192 6.74%
    43% 99 $35,315,000 $356,717 $12,032 6.80%
    45% 99 $34,065,000 $344,091 $12,651 6.75%
    41% 84 $30,560,000 $363,810 $11,836 6.87%
    46% 79 $25,235,000 $319,430 $12,878 6.90%
    39% 79 $26,535,000 $335,886 $11,781 6.79%
    40% 76 $29,830,000 $392,500 $12,377 6.69%
    47% 75 $26,485,000 $353,133 $12,614 6.95%
    36% 72 $26,980,000 $374,722 $13,209 6.60%
    38% 70 $24,940,000 $356,286 $11,838 6.74%
    37% 70 $27,750,000 $396,429 $13,401 6.54%
    <20% 69 $19,395,000 $281,087 $8,364 6.79%
    >60% 20 $11,420,000 $571,000 $20,414 6.35%

    Gardner Financial Services Ltd. lent most frequently to those with DTI ratios of 30-36%, with 272 originations. The next most common DTI ratio? 50-60%, with 268 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,520 $530,860,000 $349,250 $12,118 6.78%
    Not provided 425 $158,555,000 $373,071 $14,138 6.63%
    Black 102 $35,490,000 $347,941 $13,721 6.79%
    Asian 82 $30,090,000 $366,951 $12,535 6.35%
    American Indian 15 $5,115,000 $341,000 $14,542 6.68%
    Native Hawaiian or Islander 6 $1,890,000 $315,000 $7,789 6.46%

    Approval Rates

    Total approvals of all applications
    98.78%

    Gardner Financial Services Ltd. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    66.23%

    Gardner Financial Services Ltd. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,150 $762,000,000 $354,419

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,150 $762,000,000 $354,419

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 81 $18,665,000 $230,432 $7,889 6.75%
    40-60% 142 $40,450,000 $284,859 $9,175 6.62%
    60-80% 474 $181,360,000 $382,616 $11,957 6.80%
    80-100% 1,387 $500,545,000 $360,883 $13,080 6.72%
    Over 100% 49 $18,945,000 $386,633 $23,650 6.22%
    Under 20% 17 $2,035,000 $119,706 $3,832 8.14%