Gardner Financial Services Ltd. Mortgage Rates, Fees & Info
SAN ANTONIO, TXLEI: 549300M8WGW2D17CZD19
Tax ID: 20-2749403
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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, Nashville, and Houston among others. We have data for 74 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 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 about average rates.
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Originations
3,910Origination Dollar Volume (All Markets)
$966,400,000Awards
GARDNER FINANCIAL SERVICES LTD. - 2018
GARDNER FINANCIAL SERVICES LTD. is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 1,513 | $360,985,000 | $238,589 | $7,622 | 4.80% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 737 | $188,445,000 | $255,692 | $6,410 | 4.76% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 420 | $120,490,000 | $286,881 | $6,673 | 4.79% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 458 | $113,370,000 | $247,533 | $6,547 | 4.84% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 265 | $66,685,000 | $251,642 | $6,316 | 4.82% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 73 | $25,875,000 | $354,452 | $7,596 | 4.83% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 52 | $13,170,000 | $253,269 | $6,729 | 4.73% |
| EL PASO, TX (FHA|USDA|VA) | 69 | $11,945,000 | $173,116 | $6,723 | 5.12% |
| Outside of Metro Areas | 48 | $10,220,000 | $212,917 | $6,433 | 4.86% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 34 | $6,200,000 | $182,353 | $5,743 | 4.87% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 22 | $4,120,000 | $187,273 | $4,325 | 4.99% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 13 | $4,015,000 | $308,846 | $7,542 | 4.92% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 24 | $3,920,000 | $163,333 | $5,045 | 4.78% |
| Lewisburg, TN (FHA|USDA|VA) | 20 | $3,620,000 | $181,000 | $5,873 | 4.82% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 14 | $2,690,000 | $192,143 | $5,684 | 4.85% |
| Lawrenceburg, TN (FHA|USDA|VA) | 20 | $2,630,000 | $131,500 | $5,869 | 5.08% |
| Granbury, TX (FHA|USDA|VA) | 9 | $2,085,000 | $231,667 | $5,872 | 4.72% |
| GREELEY, CO (FHA|USDA|VA) | 7 | $1,985,000 | $283,571 | $6,366 | 4.79% |
| Gainesville, TX (FHA|USDA|VA) | 8 | $1,500,000 | $187,500 | $6,657 | 4.69% |
| SAN ANGELO, TX (FHA|USDA|VA) | 6 | $1,390,000 | $231,667 | $6,338 | 4.81% |
| Shelbyville, TN (FHA|USDA|VA) | 6 | $1,290,000 | $215,000 | $7,205 | 4.77% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 6 | $1,270,000 | $211,667 | $5,651 | 4.83% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $6,430 | 4.91% |
| Kerrville, TX (FHA|USDA|VA) | 6 | $1,030,000 | $171,667 | $5,924 | 5.06% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $5,288 | 4.58% |
| MIDLAND, TX (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $8,308 | 4.96% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $6,882 | 5.19% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $4,246 | 4.56% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $5,769 | 5.06% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,858 | 4.88% |
| Mineral Wells, TX (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $4,481 | 5.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $16,227 | 4.75% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $4,863 | 5.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $7,839 | 4.42% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $6,261 | 5.25% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $8,811 | 5.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,854 | 5.50% |
| WACO, TX (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,228 | 5.19% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $7,105 | 4.88% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,632 | 5.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,896 | 5.00% |
| LAS CRUCES, NM (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,956 | 4.88% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,730 | 5.00% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,592 | 4.75% |
| Bonham, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,296 | 5.00% |
| Lufkin, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,354 | 4.75% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,357 | 4.75% |
| LAREDO, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $6,938 | 5.38% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $14,182 | 5.13% |
| Greeneville, TN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,926 | 5.06% |
| Del Rio, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,941 | 4.88% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,440 | 5.25% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,209 | 5.13% |
| Bay City, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,132 | 3.86% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,346 | 5.00% |
| Rockport, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,496 | 4.50% |
| McMinnville, TN (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $5,504 | 4.75% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,593 | 5.63% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,665 | 4.75% |
| Roswell, NM (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,500 | 5.25% |
| TULSA, OK (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,247 | 4.75% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,251 | 4.63% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,574 | 4.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,870 | 5.13% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,954 | 4.50% |
| Uvalde, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,644 | 5.25% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,824 | 5.00% |
| El Campo, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,248 | 5.00% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,469 | 5.88% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,942 | 5.50% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,142 | 4.88% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,398 | 5.63% |
| Palestine, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $6,122 | 4.88% |
| Athens, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,241 | 5.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against GARDNER FINANCIAL SERVICES LTD. 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
For 2018, Gardner Financial Services Ltd.'s most frequently originated type of loan was Conventional, with 2,380 originations. Their 2nd most popular type was FHA, with 934 originations.
Loan Reason
For 2018, Gardner Financial Services Ltd.'s most frequently cited loan purpose was Home Purchase, with 3,558 originations. The 2nd most popular reason was Cash Out Refi, with 195 originations.
Loan Duration/Length
For 2018, Gardner Financial Services Ltd.'s most frequently cited loan duration was 30 Year, with 3,703 originations. The 2nd most popular length was 15 Year, with 145 originations.
Origination Fees/Closing Costs
Gardner Financial Services Ltd.'s average total fees were $6,973, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,011 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 2,701 | $694,395,000 | $257,088 |
| 5-6% | 925 | $197,875,000 | $213,919 |
| 3-4% | 248 | $67,730,000 | $273,105 |
| 6-7% | 30 | $5,050,000 | $168,333 |
| 7-8% | 6 | $1,350,000 | $225,000 |
During 2018, Gardner Financial Services Ltd.'s average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 2,701 originations.
Loan Sizing
2018 saw Gardner Financial Services Ltd. place emphasis on $200k-400k loans with 2,018 originations, totaling $555,600,000 in origination value.
Applicant Income
Gardner Financial Services Ltd. lent most frequently to those with incomes in the $50k-75k range, with 1,089 originations. The second most popular income band? $100k-150k, with 910 originations.
Applicant Debt to Income Ratio
Gardner Financial Services Ltd. lent most frequently to those with DTI ratios of 30-36%, with 614 originations. The next most common DTI ratio? 20-30%, with 543 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.78%
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 origination75.93%
Gardner Financial Services Ltd. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,910 | $966,400,000 | $247,161 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 17 | $2,235,000 | $131,471 |
| Single Family (1-4 Units):Site-Built | 3,893 | $964,165,000 | $247,666 |