Gmfs Mortgage Rates, Fees & Info

CAMDEN, DE

LEI: 549300MCPCNPQAOB4032

Tax ID: 72-1441479

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

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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Gmfs is a small 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, Lafayette, Tallahassee, and Huntsville among others. We have data for 130 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 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
    30 Year Conventional Purchase 6.63% 4/22/24
    30 Year Conventional Refi 6.54% 4/22/24
    30 Year Cash-out Refi 6.75% 4/22/24
    30 Year FHA Purchase 7.22% 4/22/24
    30 Year FHA Refi 7.03% 4/22/24
    30 Year VA Purchase 6.19% 4/22/24
    30 Year VA Refi 5.93% 4/22/24
    30 Year USDA Purchase 6.67% 4/22/24
    30 Year USDA Refi 6.63% 4/22/24
    15 Year Conventional Purchase 5.93% 4/22/24
    15 Year Conventional Refi 5.97% 4/22/24
    15 Year Cash-out Refi 5.97% 4/22/24
    15 Year FHA Purchase 7.17% 4/22/24
    15 Year FHA Refi 5.68% 4/22/24
    15 Year VA Purchase 5.42% 4/22/24
    15 Year VA Refi 6.11% 4/22/24
    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.

    Gmfs Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Gmfs. 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

    9,063

    Origination Dollar Volume (All Markets)

    $2,012,125,000
    Show all (89) 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
    BATON ROUGE, LA (FHA|USDA|VA) 2,707 $617,955,000 $228,280 $3,445 4.17%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1,818 $438,000,000 $240,924 $3,830 4.17%
    LAFAYETTE, LA (FHA|USDA|VA) 498 $100,800,000 $202,410 $3,231 4.23%
    TALLAHASSEE, FL (FHA|USDA|VA) 320 $77,990,000 $243,719 $3,133 3.93%
    HUNTSVILLE, AL (FHA|USDA|VA) 273 $67,715,000 $248,040 $3,296 3.99%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 234 $64,830,000 $277,051 $3,282 3.99%
    HAMMOND, LA (FHA|USDA|VA) 250 $49,510,000 $198,040 $3,531 4.16%
    MOBILE, AL (FHA|USDA|VA) 255 $47,825,000 $187,549 $2,971 4.02%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 128 $37,990,000 $296,797 $5,355 4.13%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 151 $35,215,000 $233,212 $2,839 4.09%
    LAKE CHARLES, LA (FHA|USDA|VA) 164 $32,160,000 $196,098 $3,209 4.22%
    MONROE, LA (FHA|USDA|VA) 167 $31,985,000 $191,527 $3,820 4.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 144 $30,930,000 $214,792 $3,474 4.39%
    Outside of Metro Areas 173 $29,795,000 $172,225 $3,331 4.21%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 139 $24,305,000 $174,856 $4,074 4.11%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 121 $23,015,000 $190,207 $3,243 4.19%
    MONTGOMERY, AL (FHA|USDA|VA) 104 $21,520,000 $206,923 $2,902 3.91%
    ALEXANDRIA, LA (FHA|USDA|VA) 109 $20,895,000 $191,697 $3,594 4.08%
    Russellville, AR (FHA|USDA|VA) 95 $16,865,000 $177,526 $3,218 3.82%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 72 $16,200,000 $225,000 $3,677 4.10%
    Opelousas, LA (FHA|USDA|VA) 91 $15,445,000 $169,725 $2,944 4.41%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 72 $13,750,000 $190,972 $2,468 4.07%
    Natchitoches, LA (FHA|USDA|VA) 72 $12,900,000 $179,167 $2,963 4.32%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 45 $10,815,000 $240,333 $3,166 4.02%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 34 $9,590,000 $282,059 $4,373 3.96%
    DECATUR, AL (FHA|USDA|VA) 35 $7,095,000 $202,714 $2,946 3.96%
    Natchez, MS-LA (FHA|USDA|VA) 33 $6,785,000 $205,606 $3,596 4.20%
    ABILENE, TX (FHA|USDA|VA) 26 $6,480,000 $249,231 $4,085 4.26%
    Picayune, MS (FHA|USDA|VA) 38 $6,290,000 $165,526 $3,867 4.01%
    Jennings, LA (FHA|USDA|VA) 29 $6,185,000 $213,276 $3,119 4.62%
    Albertville, AL (FHA|USDA|VA) 38 $5,600,000 $147,368 $2,188 4.23%
    Tupelo, MS (FHA|USDA|VA) 43 $5,545,000 $128,953 $3,475 4.02%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 29 $5,475,000 $188,793 $3,988 3.75%
    Minden, LA (FHA|USDA|VA) 30 $5,450,000 $181,667 $4,128 3.93%
    JACKSON, MS (FHA|USDA|VA) 16 $5,180,000 $323,750 $3,078 4.07%
    HOT SPRINGS, AR (FHA|USDA|VA) 19 $4,795,000 $252,368 $2,796 4.14%
    GADSDEN, AL (FHA|USDA|VA) 27 $4,365,000 $161,667 $3,017 4.10%
    Bogalusa, LA (FHA|USDA|VA) 24 $4,060,000 $169,167 $2,867 4.38%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 8 $3,790,000 $473,750 $4,015 4.23%
    Morgan City, LA (FHA|USDA|VA) 28 $3,600,000 $128,571 $3,066 4.30%
    KNOXVILLE, TN (FHA|USDA|VA) 15 $3,555,000 $237,000 $3,273 3.81%
    Alexander City, AL (FHA|USDA|VA) 12 $3,410,000 $284,167 $3,479 4.10%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 14 $3,160,000 $225,714 $3,584 4.11%
    Vicksburg, MS (FHA|USDA|VA) 14 $3,130,000 $223,571 $2,764 3.88%
    TUSCALOOSA, AL (FHA|USDA|VA) 11 $2,935,000 $266,818 $2,653 4.14%
    Cullman, AL (FHA|USDA|VA) 10 $2,690,000 $269,000 $3,609 4.18%
    RALEIGH-CARY, NC (FHA|USDA|VA) 11 $2,635,000 $239,545 $2,105 4.41%
    FORT SMITH, AR-OK (FHA|USDA|VA) 17 $2,565,000 $150,882 $2,827 4.13%
    Malvern, AR (FHA|USDA|VA) 18 $2,560,000 $142,222 $2,467 3.89%
    Ruston, LA (FHA|USDA|VA) 13 $2,475,000 $190,385 $3,338 4.00%
    WARNER ROBINS, GA (FHA|USDA|VA) 11 $2,365,000 $215,000 $3,833 4.68%
    Thomasville, GA (FHA|USDA|VA) 11 $2,215,000 $201,364 $2,877 3.73%
    Fort Payne, AL (FHA|USDA|VA) 14 $2,160,000 $154,286 $2,746 4.48%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 9 $2,145,000 $238,333 $3,704 4.01%
    PANAMA CITY, FL (FHA|USDA|VA) 7 $2,115,000 $302,143 $4,162 4.04%
    DOTHAN, AL (FHA|USDA|VA) 9 $1,955,000 $217,222 $2,379 4.19%
    DeRidder, LA (FHA|USDA|VA) 9 $1,875,000 $208,333 $3,728 4.29%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 7 $1,815,000 $259,286 $5,445 4.14%
    JOHNSON CITY, TN (FHA|USDA|VA) 10 $1,640,000 $164,000 $3,566 3.71%
    Enterprise, AL (FHA|USDA|VA) 8 $1,620,000 $202,500 $2,365 3.81%
    WILMINGTON, NC (FHA|USDA|VA) 5 $1,615,000 $323,000 $3,894 3.90%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 8 $1,570,000 $196,250 $3,646 3.83%
    SAVANNAH, GA (FHA|USDA|VA) 7 $1,565,000 $223,571 $2,877 4.21%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,480,000 $246,667 $3,536 3.94%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 7 $1,365,000 $195,000 $3,000 4.13%
    Batesville, AR (FHA|USDA|VA) 6 $1,210,000 $201,667 $3,154 4.08%
    Columbus, MS (FHA|USDA|VA) 6 $1,210,000 $201,667 $3,941 4.04%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 6 $1,030,000 $171,667 $3,014 3.63%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 5 $1,025,000 $205,000 $4,247 3.85%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $1,015,000 $203,000 $3,378 3.85%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $985,000 $328,333 $3,893 3.54%
    HATTIESBURG, MS (FHA|USDA|VA) 5 $885,000 $177,000 $5,376 4.30%
    ROCKFORD, IL (FHA|USDA|VA) 6 $840,000 $140,000 $2,078 4.69%
    Starkville, MS (FHA|USDA|VA) 5 $775,000 $155,000 $4,032 3.78%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $710,000 $355,000 $5,991 4.06%
    Corinth, MS (FHA|USDA|VA) 3 $695,000 $231,667 $5,606 3.42%
    Brookhaven, MS (FHA|USDA|VA) 4 $690,000 $172,500 $5,713 3.94%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 3 $685,000 $228,333 $2,696 3.92%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $655,000 $218,333 $3,497 4.13%
    Searcy, AR (FHA|USDA|VA) 4 $650,000 $162,500 $4,292 4.16%
    Troy, AL (FHA|USDA|VA) 4 $600,000 $150,000 $2,361 4.38%
    Bainbridge, GA (FHA|USDA|VA) 2 $600,000 $300,000 $4,701 3.94%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 3 $585,000 $195,000 $3,415 4.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $510,000 $255,000 $1,448 4.31%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 3 $505,000 $168,333 $1,367 4.42%
    Oxford, MS (FHA|USDA|VA) 3 $455,000 $151,667 $2,899 5.58%
    GAINESVILLE, GA (FHA|USDA|VA) 2 $450,000 $225,000 $4,420 4.69%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $430,000 $215,000 $4,229 4.38%
    Grenada, MS (FHA|USDA|VA) 2 $420,000 $210,000 $4,238 3.50%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $385,000 $385,000 $5,070 4.25%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $375,000 $375,000 $2,283 3.75%
    FLORENCE, SC (FHA|USDA|VA) 1 $375,000 $375,000 $1,205 4.50%
    Meridian, MS (FHA|USDA|VA) 2 $350,000 $175,000 $2,909 4.31%
    Scottsboro, AL (FHA|USDA|VA) 1 $345,000 $345,000 $6,152 3.38%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $335,000 $335,000 $5,270 4.13%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $305,000 $101,667 $3,458 4.17%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $295,000 $295,000 $8,684 3.50%
    McComb, MS (FHA|USDA|VA) 2 $290,000 $145,000 $3,385 4.44%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $285,000 $285,000 $2,252 3.63%
    COLUMBUS, GA-AL (FHA|USDA|VA) 2 $280,000 $140,000 $1,813 3.63%
    Lufkin, TX (FHA|USDA|VA) 1 $275,000 $275,000 $12,535 3.63%
    Selma, AL (FHA|USDA|VA) 2 $270,000 $135,000 $3,147 4.31%
    WACO, TX (FHA|USDA|VA) 1 $255,000 $255,000 $3,449 4.38%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $250,000 $125,000 $1,966 5.25%
    JONESBORO, AR (FHA|USDA|VA) 2 $250,000 $125,000 $2,435 4.25%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,260 5.00%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $245,000 $245,000 $8,538 4.75%
    TULSA, OK (FHA|USDA|VA) 2 $230,000 $115,000 $3,237 3.75%
    Shawnee, OK (FHA|USDA|VA) 1 $225,000 $225,000 $3,182 4.50%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $220,000 $110,000 $4,071 5.00%
    West Point, MS (FHA|USDA|VA) 2 $220,000 $110,000 $4,042 4.50%
    Indianola, MS (FHA|USDA|VA) 1 $215,000 $215,000 $5,248 4.50%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $205,000 $205,000 $2,662 3.38%
    ROME, GA (FHA|USDA|VA) 1 $195,000 $195,000 $3,874 4.25%
    McAlester, OK (FHA|USDA|VA) 1 $185,000 $185,000 $3,069 3.88%
    Sevierville, TN (FHA|USDA|VA) 1 $185,000 $185,000 $2,645 4.00%
    Jasper, AL (FHA|USDA|VA) 1 $185,000 $185,000 $3,781 4.38%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,022 3.38%
    Clewiston, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,217 5.13%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,911 3.75%
    Milledgeville, GA (FHA|USDA|VA) 1 $145,000 $145,000 $2,262 2.88%
    Fort Polk South, LA (FHA|USDA|VA) 1 $135,000 $135,000 $499 3.88%
    Harrison, AR (FHA|USDA|VA) 1 $135,000 $135,000 $3,310 3.63%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,016 5.38%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,150 5.38%
    Mayfield, KY (FHA|USDA|VA) 1 $125,000 $125,000 $3,240 4.75%
    VALDOSTA, GA (FHA|USDA|VA) 1 $115,000 $115,000 $2,210 4.00%
    Greenville, MS (FHA|USDA|VA) 1 $95,000 $95,000 $2,215 3.63%
    Brownwood, TX (FHA|USDA|VA) 1 $85,000 $85,000 $4,971 4.00%
    Gmfs's top markets include Baton Rouge, New Orleans, Lafayette, Tallahassee, and Huntsville among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • 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.

    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 33
    Bossier Federal Credit Union
    Similarity Rank: 42
    First Security Bank
    Similarity Rank: 60
    ALABAMA CREDIT UNION
    Similarity Rank: 180
    First Castle Federal Credit Union
    Similarity Rank: 180
    Eureka Homestead
    Similarity Rank: 201
    Jordan Federal Credit Union
    Similarity Rank: 245
    Alabama One Credit Union
    Similarity Rank: 247
    ROBINS FINANCIAL
    Similarity Rank: 264
    BankPlus
    Similarity Rank: 376

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,701 $1,367,805,000 $239,924 $3,191 4.18%
    FHA 1,717 $325,515,000 $189,584 $4,586 4.12%
    USDA 998 $158,180,000 $158,497 $2,616 4.10%
    VA 647 $160,625,000 $248,261 $4,310 3.87%

    For 2019, Gmfs's most frequently originated type of loan was Conventional, with 5,701 originations. Their 2nd most popular type was FHA, with 1,717 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 6,177 $1,314,285,000 $212,771 $3,162 4.20%
    Refi 1,905 $490,055,000 $257,247 $3,870 3.88%
    Cash Out Refi 951 $203,385,000 $213,864 $4,714 4.21%
    Other 30 $4,400,000 $146,667 $4,125 4.77%

    For 2019, Gmfs's most frequently cited loan purpose was Home Purchase, with 6,177 originations. The 2nd most popular reason was Refi, with 1,905 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 8,060 $1,788,000,000 $221,836 $3,447 4.16%
    15 Year 611 $125,725,000 $205,769 $3,477 3.61%
    20 Year 169 $34,975,000 $206,953 $3,471 3.97%
    30+ year 85 $27,215,000 $320,176 $5,722 6.02%
    Other 79 $20,235,000 $256,139 $3,427 3.87%
    10 Year 40 $5,380,000 $134,500 $3,035 3.61%
    1 Year 19 $10,595,000 $557,632 $6,026 4.99%

    For 2019, Gmfs's most frequently cited loan duration was 30 Year, with 8,060 originations. The 2nd most popular length was 15 Year, with 611 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 5,733 $1,222,715,000 $213,277
    $1k-2k 1,760 $386,890,000 $219,824
    $2k-3k 786 $185,400,000 $235,878
    $3k-4k 340 $87,170,000 $256,382
    $4k-5k 192 $57,550,000 $299,740
    $5k+ 166 $60,940,000 $367,108

    Gmfs's average total fees were $3,447, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5,733 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 4,755 $1,112,905,000 $234,049
    4-5% 3,601 $756,865,000 $210,182
    5-6% 548 $98,670,000 $180,055
    6-7% 99 $27,655,000 $279,343
    2.5-3% 58 $15,510,000 $267,414
    <2.5% 2 $520,000 $260,000

    During 2019, Gmfs's average interest rate for loans was 4.16%, while their most frequently originated rate bucket for loans was 3-4%, with 4,755 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,018 $1,086,770,000 $270,475 $3,848 4.05%
    $100k-200k 3,883 $602,915,000 $155,270 $3,005 4.19%
    $100,000 or less 582 $47,240,000 $81,168 $2,388 4.44%
    $400k-600k 552 $249,270,000 $451,576 $4,801 4.02%
    $600k-1MM 19 $14,165,000 $745,526 $7,857 5.02%
    $1MM+ 9 $11,765,000 $1,307,222 $14,139 4.86%

    2019 saw Gmfs place emphasis on $200k-400k loans with 4,018 originations, totaling $1,086,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 2,362 $438,050,000 $185,457 $3,271 4.17%
    $100k-150k 1,883 $498,485,000 $264,729 $3,818 4.12%
    $50k or less 1,840 $279,190,000 $151,734 $2,850 4.14%
    $75k-100k 1,746 $388,700,000 $222,623 $3,582 4.14%
    $150k-250k 942 $298,320,000 $316,688 $4,110 4.06%
    $250k+ 277 $106,535,000 $384,603 $4,321 4.18%

    Gmfs lent most frequently to those with incomes in the $50k-75k range, with 2,362 originations. The second most popular income band? $100k-150k, with 1,883 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,939 $431,765,000 $222,674 $3,336 4.06%
    30-36% 1,676 $369,270,000 $220,328 $3,345 4.14%
    <20% 729 $160,325,000 $219,925 $3,282 3.93%
    50-60% 386 $78,260,000 $202,746 $4,517 4.07%
    40% 366 $81,970,000 $223,962 $3,465 4.23%
    39% 348 $76,580,000 $220,057 $3,355 4.22%
    42% 342 $74,390,000 $217,515 $3,399 4.31%
    36% 339 $75,615,000 $223,053 $3,056 4.21%
    38% 325 $69,595,000 $214,138 $3,485 4.24%
    44% 311 $69,875,000 $224,678 $3,429 4.26%
    41% 311 $70,465,000 $226,576 $3,370 4.15%
    43% 309 $67,015,000 $216,877 $3,433 4.16%
    37% 307 $72,745,000 $236,954 $3,341 4.15%
    45% 244 $57,580,000 $235,984 $3,761 4.26%
    49% 221 $53,935,000 $244,050 $3,882 4.21%
    46% 182 $43,650,000 $239,835 $3,896 4.15%
    48% 175 $40,905,000 $233,743 $3,641 4.22%
    47% 170 $39,130,000 $230,176 $3,683 4.31%
    >60% 8 $2,040,000 $255,000 $3,671 3.95%

    Gmfs lent most frequently to those with DTI ratios of 20-30%, with 1,939 originations. The next most common DTI ratio? 30-36%, with 1,676 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 7,542 $1,685,930,000 $223,539 $3,473 4.12%
    Black 834 $164,440,000 $197,170 $3,362 4.28%
    Not provided 520 $122,670,000 $235,904 $3,812 4.14%
    Asian 133 $31,675,000 $238,158 $3,000 4.00%
    American Indian 17 $3,625,000 $213,235 $3,270 4.11%
    Native Hawaiian or Islander 14 $3,210,000 $229,286 $3,668 3.91%
    Other Asian 1 $225,000 $225,000 $1,645 3.63%
    Vietnamese 1 $175,000 $175,000 $6,362 5.50%
    Asian Indian 1 $175,000 $175,000 $0 3.88%

    Approval Rates

    Total approvals of all applications
    97.68%

    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
    84.46%

    Gmfs has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 9,063 $2,012,125,000 $222,015

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 9,063 $2,012,125,000 $222,015

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 136 $20,840,000 $153,235 $3,002 3.90%
    40-60% 513 $104,675,000 $204,045 $3,262 3.95%
    60-80% 2,127 $507,975,000 $238,822 $3,576 4.18%
    80-100% 6,086 $1,329,550,000 $218,460 $3,382 4.15%
    Over 100% 192 $47,490,000 $247,344 $6,284 4.00%
    Under 20% 4 $480,000 $120,000 $3,255 3.31%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    GMFS, LLC Conventional home mortgage Trouble during payment process 2 25.0%
    GMFS, LLC FHA mortgage Closing on a mortgage 1 12.5%
    GMFS, LLC FHA mortgage Incorrect information on your report 1 12.5%
    GMFS, LLC FHA mortgage Trouble during payment process 4 50.0%