Gmfs Mortgage Rates, Fees & Info

CAMDEN, DE

LEI: 549300MCPCNPQAOB4032

Tax ID: 72-1441479

5 stars - out of 5 stars, based on 132 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Gmfs is a mid-sized mortgage company specializing in Home Purchase and Refi loans. Gmfs has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Baton Rouge, New Orleans, Tallahassee, Lafayette, and Birmingham among others. We have data for 196 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Gmfs 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. Gmfs 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.

    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
    30 Year Conventional Purchase 6.62% 10/3/22
    30 Year Conventional Refi 6.97% 10/3/22
    30 Year Cash-out Refi 6.70% 10/3/22
    30 Year FHA Purchase 7.37% 10/3/22
    30 Year FHA Refi 7.32% 10/3/22
    30 Year VA Purchase 6.33% 10/3/22
    30 Year VA Refi 6.04% 10/3/22
    30 Year USDA Purchase 6.89% 10/3/22
    30 Year USDA Refi 6.73% 10/3/22
    15 Year Conventional Purchase 6.19% 10/3/22
    15 Year Conventional Refi 6.29% 10/3/22
    15 Year Cash-out Refi 6.29% 10/3/22
    15 Year FHA Purchase 5.96% 10/3/22
    15 Year FHA Refi 5.96% 10/3/22
    15 Year VA Purchase 5.96% 10/3/22
    15 Year VA Refi 6.65% 10/3/22
    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.


    Originations

    17,516

    Origination Dollar Volume (All Markets)

    $4,180,240,000
    Show all (111) awards

    Relative Rate

    Gmfs 's average 30 year fixed mortgage rate was 3.02%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.13%.

    Relative Fees (Closing Costs)

    Gmfs 's average total fees/closing costs for a 30 year fixed rate mortgage were $3,880.

    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
    BATON ROUGE, LA (FHA|USDA|VA) 4,698 $1,141,570,000 $242,991 $3,643 2.97%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3,134 $797,270,000 $254,394 $4,123 2.95%
    TALLAHASSEE, FL (FHA|USDA|VA) 789 $215,755,000 $273,454 $3,572 2.79%
    LAFAYETTE, LA (FHA|USDA|VA) 1,004 $213,740,000 $212,888 $3,734 2.89%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 604 $176,560,000 $292,318 $3,621 2.81%
    HUNTSVILLE, AL (FHA|USDA|VA) 569 $154,535,000 $271,591 $3,648 2.92%
    Outside of Metro Areas 471 $92,405,000 $196,189 $3,583 2.89%
    HAMMOND, LA (FHA|USDA|VA) 408 $91,340,000 $223,873 $4,042 2.98%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 369 $91,055,000 $246,762 $4,102 2.91%
    MOBILE, AL (FHA|USDA|VA) 336 $71,850,000 $213,839 $3,276 2.88%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 245 $71,565,000 $292,102 $3,027 2.86%
    LAKE CHARLES, LA (FHA|USDA|VA) 297 $61,975,000 $208,670 $3,778 2.92%
    MONROE, LA (FHA|USDA|VA) 303 $60,315,000 $199,059 $3,873 2.90%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 293 $59,495,000 $203,055 $4,060 3.01%
    MONTGOMERY, AL (FHA|USDA|VA) 270 $55,780,000 $206,593 $3,351 2.85%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 246 $49,480,000 $201,138 $3,643 3.05%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 169 $40,945,000 $242,278 $4,195 2.90%
    ALEXANDRIA, LA (FHA|USDA|VA) 205 $40,725,000 $198,659 $3,661 2.83%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 106 $33,690,000 $317,830 $5,135 2.92%
    Russellville, AR (FHA|USDA|VA) 170 $33,370,000 $196,294 $2,496 2.69%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 146 $31,290,000 $214,315 $3,305 2.67%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 130 $31,020,000 $238,615 $4,036 2.82%
    Albertville, AL (FHA|USDA|VA) 126 $27,740,000 $220,159 $3,506 2.79%
    Natchitoches, LA (FHA|USDA|VA) 121 $26,705,000 $220,702 $3,638 2.98%
    Opelousas, LA (FHA|USDA|VA) 134 $25,860,000 $192,985 $3,496 2.89%
    Tupelo, MS (FHA|USDA|VA) 151 $22,615,000 $149,768 $3,691 2.78%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 91 $22,605,000 $248,407 $3,943 2.83%
    Thomasville, GA (FHA|USDA|VA) 94 $21,150,000 $225,000 $2,803 2.86%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 58 $20,670,000 $356,379 $4,839 2.84%
    Natchez, MS-LA (FHA|USDA|VA) 96 $18,520,000 $192,917 $3,700 2.91%
    Picayune, MS (FHA|USDA|VA) 97 $18,165,000 $187,268 $4,213 2.87%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 66 $16,370,000 $248,030 $2,934 2.88%
    JACKSON, MS (FHA|USDA|VA) 57 $15,035,000 $263,772 $3,109 2.96%
    HOT SPRINGS, AR (FHA|USDA|VA) 56 $12,110,000 $216,250 $2,965 2.95%
    Bogalusa, LA (FHA|USDA|VA) 60 $11,940,000 $199,000 $3,656 2.95%
    GADSDEN, AL (FHA|USDA|VA) 59 $11,625,000 $197,034 $3,703 2.70%
    DECATUR, AL (FHA|USDA|VA) 48 $10,100,000 $210,417 $3,665 3.05%
    Corinth, MS (FHA|USDA|VA) 56 $9,850,000 $175,893 $4,435 2.65%
    Malvern, AR (FHA|USDA|VA) 64 $8,930,000 $139,531 $2,793 2.83%
    KNOXVILLE, TN (FHA|USDA|VA) 32 $8,580,000 $268,125 $4,619 2.79%
    Ruston, LA (FHA|USDA|VA) 38 $8,560,000 $225,263 $3,904 2.82%
    Minden, LA (FHA|USDA|VA) 44 $8,420,000 $191,364 $3,307 2.91%
    RALEIGH-CARY, NC (FHA|USDA|VA) 23 $8,395,000 $365,000 $2,620 2.99%
    TUSCALOOSA, AL (FHA|USDA|VA) 38 $8,350,000 $219,737 $4,325 2.86%
    Morgan City, LA (FHA|USDA|VA) 51 $8,125,000 $159,314 $3,346 2.90%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 18 $7,690,000 $427,222 $4,731 3.11%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 30 $7,380,000 $246,000 $4,524 2.83%
    DeRidder, LA (FHA|USDA|VA) 30 $6,840,000 $228,000 $4,246 2.90%
    WARNER ROBINS, GA (FHA|USDA|VA) 27 $6,705,000 $248,333 $3,895 2.76%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 20 $6,660,000 $333,000 $4,600 2.71%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 15 $6,595,000 $439,667 $5,632 3.04%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 22 $6,430,000 $292,273 $4,029 2.94%
    Alexander City, AL (FHA|USDA|VA) 23 $6,085,000 $264,565 $3,620 2.65%
    PANAMA CITY, FL (FHA|USDA|VA) 22 $5,780,000 $262,727 $4,775 2.67%
    JOHNSON CITY, TN (FHA|USDA|VA) 30 $5,490,000 $183,000 $3,905 2.66%
    Jennings, LA (FHA|USDA|VA) 25 $5,415,000 $216,600 $4,177 2.91%
    Fort Payne, AL (FHA|USDA|VA) 28 $5,310,000 $189,643 $3,751 2.83%
    Vicksburg, MS (FHA|USDA|VA) 27 $5,305,000 $196,481 $3,095 2.88%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 18 $5,200,000 $288,889 $4,351 2.76%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 24 $5,040,000 $210,000 $3,211 2.82%
    HATTIESBURG, MS (FHA|USDA|VA) 21 $4,775,000 $227,381 $4,261 3.01%
    SAVANNAH, GA (FHA|USDA|VA) 18 $3,970,000 $220,556 $4,223 3.09%
    Cullman, AL (FHA|USDA|VA) 14 $3,770,000 $269,286 $3,592 2.79%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 16 $3,550,000 $221,875 $4,131 3.12%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 13 $3,445,000 $265,000 $3,621 2.98%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 14 $3,380,000 $241,429 $1,624 2.95%
    Columbus, MS (FHA|USDA|VA) 14 $3,320,000 $237,143 $5,236 2.88%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 12 $3,310,000 $275,833 $4,687 3.24%
    JACKSONVILLE, FL (FHA|USDA|VA) 10 $3,130,000 $313,000 $4,911 2.83%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 12 $2,710,000 $225,833 $3,385 2.72%
    ABILENE, TX (FHA|USDA|VA) 10 $2,590,000 $259,000 $3,868 3.04%
    Scottsboro, AL (FHA|USDA|VA) 7 $2,575,000 $367,857 $4,076 2.77%
    Dublin, GA (FHA|USDA|VA) 13 $2,565,000 $197,308 $4,114 2.68%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 14 $2,550,000 $182,143 $3,781 2.59%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $2,310,000 $288,750 $5,647 2.73%
    Oxford, MS (FHA|USDA|VA) 7 $1,905,000 $272,143 $4,941 2.55%
    GAINESVILLE, GA (FHA|USDA|VA) 8 $1,760,000 $220,000 $4,861 2.73%
    FORT SMITH, AR-OK (FHA|USDA|VA) 10 $1,710,000 $171,000 $3,427 2.86%
    Statesboro, GA (FHA|USDA|VA) 7 $1,705,000 $243,571 $4,230 2.61%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 8 $1,590,000 $198,750 $4,560 3.02%
    WILMINGTON, NC (FHA|USDA|VA) 5 $1,585,000 $317,000 $3,765 3.08%
    Vidalia, GA (FHA|USDA|VA) 7 $1,555,000 $222,143 $3,692 3.00%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 6 $1,540,000 $256,667 $4,070 2.77%
    Jasper, AL (FHA|USDA|VA) 6 $1,530,000 $255,000 $3,810 2.92%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $13,183 3.63%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 7 $1,495,000 $213,571 $3,096 2.88%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 5 $1,425,000 $285,000 $5,254 3.28%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 6 $1,390,000 $231,667 $3,046 2.96%
    Fort Polk South, LA (FHA|USDA|VA) 7 $1,345,000 $192,143 $4,217 2.89%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 6 $1,340,000 $223,333 $2,715 2.79%
    Jefferson, GA (FHA|USDA|VA) 6 $1,320,000 $220,000 $4,553 3.23%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $1,315,000 $438,333 $7,733 2.96%
    VALDOSTA, GA (FHA|USDA|VA) 7 $1,285,000 $183,571 $5,159 2.88%
    Enterprise, AL (FHA|USDA|VA) 7 $1,245,000 $177,857 $2,721 2.80%
    LONGVIEW, TX (FHA|USDA|VA) 4 $1,240,000 $310,000 $5,999 2.75%
    ROCKFORD, IL (FHA|USDA|VA) 5 $1,215,000 $243,000 $5,678 3.38%
    McComb, MS (FHA|USDA|VA) 5 $1,175,000 $235,000 $3,692 2.88%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $1,150,000 $287,500 $6,586 2.81%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $1,145,000 $229,000 $3,980 2.92%
    Starkville, MS (FHA|USDA|VA) 6 $1,140,000 $190,000 $3,588 2.85%
    Brookhaven, MS (FHA|USDA|VA) 5 $1,085,000 $217,000 $4,726 3.10%
    LUBBOCK, TX (FHA|USDA|VA) 4 $1,080,000 $270,000 $4,221 3.59%
    BRUNSWICK, GA (FHA|USDA|VA) 4 $1,050,000 $262,500 $3,936 2.53%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 7 $1,025,000 $146,429 $3,455 3.05%
    ALBANY, GA (FHA|USDA|VA) 6 $1,020,000 $170,000 $2,636 2.94%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,010,000 $252,500 $4,276 2.66%
    Selma, AL (FHA|USDA|VA) 8 $980,000 $122,500 $3,704 2.67%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 4 $930,000 $232,500 $2,913 3.66%
    ASHEVILLE, NC (FHA|USDA|VA) 2 $870,000 $435,000 $4,009 3.06%
    Laurel, MS (FHA|USDA|VA) 5 $865,000 $173,000 $3,791 3.08%
    Milledgeville, GA (FHA|USDA|VA) 5 $825,000 $165,000 $4,380 2.48%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $800,000 $200,000 $4,544 3.00%
    West Point, MS (FHA|USDA|VA) 4 $790,000 $197,500 $3,466 2.88%
    OCALA, FL (FHA|USDA|VA) 3 $785,000 $261,667 $4,024 2.83%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $775,000 $258,333 $3,355 3.17%
    DOTHAN, AL (FHA|USDA|VA) 4 $770,000 $192,500 $4,642 2.84%
    JONESBORO, AR (FHA|USDA|VA) 4 $720,000 $180,000 $2,919 2.97%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $715,000 $238,333 $4,820 3.00%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 4 $650,000 $162,500 $4,840 2.41%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $640,000 $320,000 $2,620 2.50%
    COLUMBIA, SC (FHA|USDA|VA) 3 $625,000 $208,333 $4,972 3.21%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $580,000 $290,000 $4,229 3.00%
    Grenada, MS (FHA|USDA|VA) 2 $550,000 $275,000 $4,716 2.81%
    Lufkin, TX (FHA|USDA|VA) 1 $545,000 $545,000 $4,381 3.25%
    Georgetown, SC (FHA|USDA|VA) 1 $515,000 $515,000 $525 3.50%
    GAINESVILLE, FL (FHA|USDA|VA) 3 $515,000 $171,667 $3,995 2.71%
    HINESVILLE, GA (FHA|USDA|VA) 2 $510,000 $255,000 $2,332 2.75%
    WINSTON-SALEM, NC (FHA|USDA|VA) 3 $475,000 $158,333 $2,879 2.42%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $455,000 $455,000 $3,745 2.63%
    Troy, AL (FHA|USDA|VA) 2 $450,000 $225,000 $4,736 2.56%
    Cornelia, GA (FHA|USDA|VA) 3 $445,000 $148,333 $5,115 2.75%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $440,000 $220,000 $3,861 2.94%
    Nacogdoches, TX (FHA|USDA|VA) 2 $430,000 $215,000 $5,824 3.38%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $420,000 $210,000 $6,357 2.69%
    Calhoun, GA (FHA|USDA|VA) 2 $420,000 $210,000 $3,608 3.00%
    Cullowhee, NC (FHA|USDA|VA) 1 $415,000 $415,000 $3,441 3.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $410,000 $205,000 $5,396 2.56%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $410,000 $205,000 $4,496 3.06%
    Wauchula, FL (FHA|USDA|VA) 2 $410,000 $205,000 $2,413 2.81%
    Cordele, GA (FHA|USDA|VA) 1 $405,000 $405,000 $3,436 2.38%
    Boone, NC (FHA|USDA|VA) 1 $395,000 $395,000 $3,255 2.75%
    TULSA, OK (FHA|USDA|VA) 2 $380,000 $190,000 $5,299 3.19%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $375,000 $375,000 $6,357 3.25%
    Martin, TN (FHA|USDA|VA) 1 $355,000 $355,000 $2,614 2.50%
    RICHMOND, VA (FHA|USDA|VA) 1 $345,000 $345,000 $4,518 3.50%
    Bainbridge, GA (FHA|USDA|VA) 1 $345,000 $345,000 $3,104 2.75%
    JACKSON, TN (FHA|USDA|VA) 1 $345,000 $345,000 $5,635 2.25%
    Searcy, AR (FHA|USDA|VA) 2 $320,000 $160,000 $4,800 3.50%
    Greenwood, MS (FHA|USDA|VA) 2 $310,000 $155,000 $2,587 2.63%
    COLUMBUS, GA-AL (FHA|USDA|VA) 2 $310,000 $155,000 $4,617 2.81%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $285,000 $285,000 $3,033 3.00%
    Meridian, MS (FHA|USDA|VA) 2 $280,000 $140,000 $5,645 3.13%
    Moultrie, GA (FHA|USDA|VA) 2 $280,000 $140,000 $1,031 2.88%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,378 3.25%
    Camden, AR (FHA|USDA|VA) 2 $270,000 $135,000 $2,678 3.13%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $260,000 $130,000 $2,787 3.00%
    Batesville, AR (FHA|USDA|VA) 2 $260,000 $130,000 $2,352 2.75%
    MIDLAND, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,967 2.88%
    Brevard, NC (FHA|USDA|VA) 1 $255,000 $255,000 $3,204 2.75%
    Corsicana, TX (FHA|USDA|VA) 1 $235,000 $235,000 $4,360 3.00%
    Ozark, AL (FHA|USDA|VA) 1 $225,000 $225,000 $2,294 2.25%
    Cedartown, GA (FHA|USDA|VA) 1 $215,000 $215,000 $3,885 3.88%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $215,000 $215,000 $3,493 2.50%
    Key West, FL (FHA|USDA|VA) 1 $215,000 $215,000 $2,754 2.75%
    WACO, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,842 2.75%
    Atmore, AL (FHA|USDA|VA) 2 $210,000 $105,000 $2,527 2.38%
    Ottawa, IL (FHA|USDA|VA) 1 $205,000 $205,000 $3,714 3.63%
    VICTORIA, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,091 2.25%
    Arkadelphia, AR (FHA|USDA|VA) 2 $200,000 $100,000 $1,617 3.50%
    Sevierville, TN (FHA|USDA|VA) 1 $195,000 $195,000 $1,967 2.88%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,615 2.75%
    Gainesville, TX (FHA|USDA|VA) 1 $185,000 $185,000 $4,592 3.25%
    BURLINGTON, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,438 2.25%
    Greeneville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $4,687 2.50%
    Albemarle, NC (FHA|USDA|VA) 1 $165,000 $165,000 $5,226 3.13%
    ROME, GA (FHA|USDA|VA) 1 $165,000 $165,000 $6,161 3.63%
    Americus, GA (FHA|USDA|VA) 1 $165,000 $165,000 $3,760 3.13%
    AMARILLO, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.63%
    Union, SC (FHA|USDA|VA) 1 $165,000 $165,000 $5,218 3.50%
    Alice, TX (FHA|USDA|VA) 1 $155,000 $155,000 $6,434 2.63%
    Blytheville, AR (FHA|USDA|VA) 1 $155,000 $155,000 $4,629 3.25%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $145,000 $145,000 $4,648 2.25%
    PEORIA, IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,320 3.38%
    El Dorado, AR (FHA|USDA|VA) 1 $135,000 $135,000 $3,001 3.00%
    ODESSA, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.75%
    Jesup, GA (FHA|USDA|VA) 1 $125,000 $125,000 $4,378 2.88%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $125,000 $125,000 $2,949 3.50%
    Arcadia, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,794 3.25%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $125,000 $125,000 $4,534 3.49%
    Levelland, TX (FHA|USDA|VA) 1 $115,000 $115,000 $2,574 2.75%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $105,000 $105,000 $2,582 3.38%
    Shelby, NC (FHA|USDA|VA) 1 $95,000 $95,000 $2,793 3.00%
    Bartlesville, OK (FHA|USDA|VA) 1 $85,000 $85,000 $3,984 3.00%
    Washington, NC (FHA|USDA|VA) 1 $85,000 $85,000 $3,810 3.00%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $85,000 $85,000 $3,023 2.75%
    LaGrange, GA-AL (FHA|USDA|VA) 1 $65,000 $65,000 $2,455 2.75%

    Gmfs 's top markets include Baton Rouge, New Orleans, Tallahassee, Lafayette, and Birmingham among others.

    Similar Lenders

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

    Bossier Federal Credit Union
    Similarity Rank: 68
    Eureka Homestead
    Similarity Rank: 204
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 220
    Gulf Winds Credit Union
    Similarity Rank: 240
    First Security Bank
    Similarity Rank: 252
    Chambers Bank
    Similarity Rank: 330
    GREATER NEW ORLEANS
    Similarity Rank: 543
    FIRST COMMERCE CREDIT UNION
    Similarity Rank: 588
    SmartBank
    Similarity Rank: 592

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 13,594 $3,342,930,000 $245,912 $3,481 2.91%
    FHA 1,562 $336,210,000 $215,243 $5,689 2.99%
    USDA 1,549 $276,435,000 $178,460 $3,659 2.95%
    VA 811 $224,665,000 $277,022 $4,743 2.70%

    For 2021, Gmfs 's most frequently originated type of loan was Conventional, with 13,594 originations. Their 2nd most popular type was FHA, with 1,562 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 8,631 $2,087,515,000 $241,862 $3,788 2.99%
    Refi 6,189 $1,473,005,000 $238,004 $3,607 2.78%
    Cash Out Refi 2,694 $619,220,000 $229,852 $4,027 2.99%
    Home Improvement 2 $500,000 $250,000 $5,453 3.00%

    For 2021, Gmfs 's most frequently cited loan purpose was Home Purchase, with 8,631 originations. The 2nd most popular reason was Refi, with 6,189 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 13,875 $3,417,685,000 $246,320 $3,880 3.02%
    15 Year 2,462 $507,710,000 $206,219 $3,306 2.39%
    20 Year 656 $148,990,000 $227,119 $3,467 2.87%
    Other 337 $75,485,000 $223,991 $3,115 2.96%
    10 Year 186 $30,370,000 $163,280 $3,175 2.34%

    For 2021, Gmfs 's most frequently cited loan duration was 30 Year, with 13,875 originations. The 2nd most popular length was 15 Year, with 2,462 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 8,891 $2,132,375,000 $239,835
    $1k-2k 4,563 $1,008,045,000 $220,917
    $2k-3k 1,747 $396,225,000 $226,803
    $3k-4k 846 $219,380,000 $259,314
    $5k+ 450 $180,400,000 $400,889
    $4k-5k 446 $136,540,000 $306,143

    Gmfs 's average total fees were $3,880, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 8,891 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 9,062 $2,266,280,000 $250,086
    3-4% 5,146 $1,193,390,000 $231,906
    <2.5% 3,085 $679,095,000 $220,128
    4-5% 219 $40,925,000 $186,872
    5-6% 4 $550,000 $137,500

    During 2021, Gmfs 's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 9,062 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 8,543 $2,334,045,000 $273,211 $4,007 2.91%
    $100k-200k 6,558 $1,023,940,000 $156,136 $3,241 2.93%
    $400k-600k 1,459 $692,125,000 $474,383 $4,824 2.88%
    $100,000 or less 888 $74,030,000 $83,367 $2,755 2.94%
    $600k-1MM 56 $40,820,000 $728,929 $10,627 3.16%
    $1MM+ 12 $15,280,000 $1,273,333 $11,750 3.23%

    2021 saw Gmfs place emphasis on $200k-400k loans with 8,543 originations, totaling $2,334,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 4,338 $868,680,000 $200,249 $3,722 2.95%
    $100k-150k 3,844 $1,044,360,000 $271,686 $3,868 2.90%
    $50k or less 3,258 $539,420,000 $165,568 $3,298 2.92%
    $75k-100k 3,229 $752,545,000 $233,058 $3,814 2.91%
    $150k-250k 2,150 $701,570,000 $326,312 $4,055 2.88%
    $250k+ 677 $267,695,000 $395,414 $4,619 2.84%

    Gmfs lent most frequently to those with incomes in the $50k-75k range, with 4,338 originations. The second most popular income band? $100k-150k, with 3,844 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 4,527 $1,076,255,000 $237,741 $3,574 2.88%
    30-36% 3,370 $805,040,000 $238,884 $3,678 2.94%
    <20% 2,026 $464,060,000 $229,052 $3,396 2.77%
    39% 649 $153,265,000 $236,156 $3,959 3.00%
    42% 632 $155,410,000 $245,902 $3,805 3.00%
    36% 597 $142,385,000 $238,501 $3,777 2.92%
    38% 582 $140,950,000 $242,182 $3,636 2.97%
    40% 579 $137,165,000 $236,900 $3,771 2.98%
    41% 574 $137,690,000 $239,878 $3,787 2.98%
    37% 550 $135,790,000 $246,891 $3,770 2.99%
    43% 531 $129,565,000 $244,002 $3,826 2.97%
    44% 512 $122,560,000 $239,375 $3,795 3.02%
    50-60% 509 $120,895,000 $237,515 $5,744 2.91%
    45% 447 $107,015,000 $239,407 $3,991 2.96%
    48% 339 $82,775,000 $244,174 $4,059 2.93%
    46% 331 $82,185,000 $248,293 $4,115 2.95%
    49% 321 $79,475,000 $247,586 $3,923 2.93%
    47% 318 $82,030,000 $257,956 $4,642 2.95%
    >60% 17 $4,085,000 $240,294 $3,227 2.68%

    Gmfs lent most frequently to those with DTI ratios of 20-30%, with 4,527 originations. The next most common DTI ratio? 30-36%, with 3,370 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 14,353 $3,439,255,000 $239,619 $3,721 2.90%
    Not provided 1,342 $327,830,000 $244,285 $4,085 2.96%
    Black 1,396 $309,190,000 $221,483 $3,900 3.02%
    Asian 361 $89,575,000 $248,130 $3,533 2.84%
    American Indian 50 $11,100,000 $222,000 $4,021 2.92%
    Native Hawaiian or Islander 13 $3,045,000 $234,231 $3,993 3.09%
    Asian Indian 1 $245,000 $245,000 $6,596 2.88%

    Approval Rates

    Total approvals of all applications
    98.35%

    Gmfs 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
    82.16%

    Gmfs has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 17,516 $4,180,240,000 $238,653

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    17,516 $4,180,240,000 $238,653

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 485 $74,965,000 $154,567 $3,134 2.59%
    40-60% 1,776 $373,590,000 $210,355 $3,319 2.69%
    60-80% 5,918 $1,442,030,000 $243,668 $3,580 2.93%
    80-100% 9,057 $2,213,005,000 $244,342 $3,881 2.97%
    Over 100% 262 $73,650,000 $281,107 $7,643 2.89%
    Under 20% 17 $2,745,000 $161,471 $3,025 2.64%