Gmfs Mortgage Rates, Fees & Info
CAMDEN, DELEI: 549300MCPCNPQAOB4032
Tax ID: 72-1441479
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Mortgage Data
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, Lafayette, Tallahassee, and Huntsville among others. We have data for 165 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.63% | 4/18/24 |
| 30 Year Conventional Refi | 6.54% | 4/18/24 |
| 30 Year Cash-out Refi | 6.75% | 4/18/24 |
| 30 Year FHA Purchase | 7.22% | 4/18/24 |
| 30 Year FHA Refi | 7.03% | 4/18/24 |
| 30 Year VA Purchase | 6.19% | 4/18/24 |
| 30 Year VA Refi | 5.93% | 4/18/24 |
| 30 Year USDA Purchase | 6.67% | 4/18/24 |
| 30 Year USDA Refi | 6.63% | 4/18/24 |
| 15 Year Conventional Purchase | 5.93% | 4/18/24 |
| 15 Year Conventional Refi | 5.97% | 4/18/24 |
| 15 Year Cash-out Refi | 5.97% | 4/18/24 |
| 15 Year FHA Purchase | 7.17% | 4/18/24 |
| 15 Year FHA Refi | 5.68% | 4/18/24 |
| 15 Year VA Purchase | 5.42% | 4/18/24 |
| 15 Year VA Refi | 6.11% | 4/18/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
17,672Origination Dollar Volume (All Markets)
$4,163,760,000Awards
GMFS - 2020
GMFS is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| BATON ROUGE, LA (FHA|USDA|VA) | 5,286 | $1,272,960,000 | $240,817 | $3,484 | 3.21% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3,438 | $866,690,000 | $252,091 | $3,996 | 3.23% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1,023 | $212,125,000 | $207,356 | $3,360 | 3.20% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 642 | $172,290,000 | $268,364 | $3,381 | 3.09% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 647 | $166,925,000 | $257,998 | $4,067 | 3.12% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 455 | $124,845,000 | $274,385 | $3,708 | 3.11% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 518 | $103,340,000 | $199,498 | $3,954 | 3.22% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 371 | $88,535,000 | $238,639 | $3,176 | 3.24% |
| MOBILE, AL (FHA|USDA|VA) | 415 | $82,885,000 | $199,723 | $3,391 | 3.20% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 310 | $82,700,000 | $266,774 | $3,112 | 3.10% |
| HAMMOND, LA (FHA|USDA|VA) | 401 | $82,095,000 | $204,726 | $3,697 | 3.26% |
| Outside of Metro Areas | 359 | $70,185,000 | $195,501 | $3,544 | 3.23% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 258 | $54,900,000 | $212,791 | $3,243 | 3.28% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 175 | $54,225,000 | $309,857 | $5,358 | 3.23% |
| MONTGOMERY, AL (FHA|USDA|VA) | 206 | $42,180,000 | $204,757 | $3,151 | 3.12% |
| MONROE, LA (FHA|USDA|VA) | 206 | $39,140,000 | $190,000 | $3,512 | 3.23% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 130 | $33,610,000 | $258,538 | $3,188 | 3.06% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 138 | $31,460,000 | $227,971 | $3,176 | 3.07% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 155 | $31,255,000 | $201,645 | $3,157 | 3.24% |
| Natchitoches, LA (FHA|USDA|VA) | 143 | $30,845,000 | $215,699 | $3,250 | 3.22% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 145 | $28,365,000 | $195,621 | $3,474 | 3.31% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 110 | $27,490,000 | $249,909 | $4,230 | 3.26% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 99 | $25,535,000 | $257,929 | $3,394 | 3.26% |
| Opelousas, LA (FHA|USDA|VA) | 126 | $25,080,000 | $199,048 | $3,336 | 3.27% |
| Russellville, AR (FHA|USDA|VA) | 119 | $22,145,000 | $186,092 | $2,776 | 3.17% |
| Albertville, AL (FHA|USDA|VA) | 102 | $19,660,000 | $192,745 | $3,391 | 3.24% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 64 | $15,960,000 | $249,375 | $3,154 | 3.12% |
| DECATUR, AL (FHA|USDA|VA) | 76 | $15,950,000 | $209,868 | $3,966 | 3.22% |
| Tupelo, MS (FHA|USDA|VA) | 100 | $14,780,000 | $147,800 | $3,887 | 3.22% |
| Bogalusa, LA (FHA|USDA|VA) | 69 | $13,505,000 | $195,725 | $3,831 | 3.31% |
| Picayune, MS (FHA|USDA|VA) | 77 | $13,005,000 | $168,896 | $4,133 | 3.15% |
| Thomasville, GA (FHA|USDA|VA) | 55 | $12,955,000 | $235,545 | $2,992 | 3.01% |
| Natchez, MS-LA (FHA|USDA|VA) | 51 | $11,395,000 | $223,431 | $3,596 | 3.21% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 29 | $10,125,000 | $349,138 | $5,479 | 3.24% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 45 | $9,825,000 | $218,333 | $3,819 | 3.09% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 34 | $9,670,000 | $284,412 | $3,056 | 3.01% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 45 | $9,575,000 | $212,778 | $3,072 | 3.27% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 44 | $9,400,000 | $213,636 | $3,355 | 3.15% |
| PROVO-OREM, UT (FHA|USDA|VA) | 26 | $9,210,000 | $354,231 | $4,648 | 3.27% |
| Minden, LA (FHA|USDA|VA) | 38 | $8,500,000 | $223,684 | $3,735 | 3.15% |
| GADSDEN, AL (FHA|USDA|VA) | 43 | $8,475,000 | $197,093 | $3,558 | 3.14% |
| Morgan City, LA (FHA|USDA|VA) | 49 | $8,435,000 | $172,143 | $3,549 | 3.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 29 | $8,415,000 | $290,172 | $1,738 | 2.94% |
| JACKSON, MS (FHA|USDA|VA) | 29 | $8,095,000 | $279,138 | $3,240 | 3.28% |
| Alexander City, AL (FHA|USDA|VA) | 28 | $8,000,000 | $285,714 | $3,158 | 3.13% |
| Corinth, MS (FHA|USDA|VA) | 50 | $7,820,000 | $156,400 | $4,099 | 3.06% |
| Vicksburg, MS (FHA|USDA|VA) | 35 | $7,535,000 | $215,286 | $3,072 | 3.34% |
| Jennings, LA (FHA|USDA|VA) | 31 | $5,895,000 | $190,161 | $3,478 | 3.24% |
| Columbus, MS (FHA|USDA|VA) | 31 | $5,705,000 | $184,032 | $4,299 | 3.25% |
| Ruston, LA (FHA|USDA|VA) | 21 | $5,405,000 | $257,381 | $4,344 | 3.41% |
| KNOXVILLE, TN (FHA|USDA|VA) | 20 | $5,340,000 | $267,000 | $4,346 | 3.16% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 25 | $5,225,000 | $209,000 | $3,522 | 3.11% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 17 | $5,215,000 | $306,765 | $4,771 | 3.13% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 18 | $4,310,000 | $239,444 | $4,329 | 2.84% |
| Malvern, AR (FHA|USDA|VA) | 28 | $4,300,000 | $153,571 | $2,798 | 2.94% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 22 | $4,000,000 | $181,818 | $4,101 | 3.19% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 13 | $3,815,000 | $293,462 | $2,368 | 3.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 19 | $3,615,000 | $190,263 | $3,079 | 3.22% |
| Fort Payne, AL (FHA|USDA|VA) | 19 | $3,575,000 | $188,158 | $3,994 | 3.22% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 11 | $3,405,000 | $309,545 | $2,806 | 3.18% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 19 | $3,275,000 | $172,368 | $4,303 | 3.33% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $3,215,000 | $292,273 | $3,836 | 3.06% |
| Cullman, AL (FHA|USDA|VA) | 13 | $3,015,000 | $231,923 | $3,936 | 3.05% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 11 | $2,925,000 | $265,909 | $2,611 | 3.14% |
| DOTHAN, AL (FHA|USDA|VA) | 13 | $2,855,000 | $219,615 | $2,562 | 3.38% |
| DeRidder, LA (FHA|USDA|VA) | 14 | $2,810,000 | $200,714 | $3,681 | 3.44% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 10 | $2,670,000 | $267,000 | $3,321 | 2.99% |
| Oxford, MS (FHA|USDA|VA) | 11 | $2,605,000 | $236,818 | $4,168 | 3.06% |
| HATTIESBURG, MS (FHA|USDA|VA) | 13 | $2,545,000 | $195,769 | $3,576 | 3.04% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 17 | $2,535,000 | $149,118 | $3,005 | 3.10% |
| LOGAN, UT-ID (FHA|USDA|VA) | 9 | $2,395,000 | $266,111 | $4,790 | 3.07% |
| Enterprise, AL (FHA|USDA|VA) | 10 | $2,110,000 | $211,000 | $2,553 | 3.64% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 10 | $2,030,000 | $203,000 | $2,509 | 3.13% |
| ABILENE, TX (FHA|USDA|VA) | 10 | $2,020,000 | $202,000 | $4,115 | 3.49% |
| Vernal, UT (FHA|USDA|VA) | 8 | $1,980,000 | $247,500 | $5,637 | 3.16% |
| Scottsboro, AL (FHA|USDA|VA) | 7 | $1,905,000 | $272,143 | $6,684 | 3.25% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 5 | $1,745,000 | $349,000 | $5,047 | 3.23% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 6 | $1,730,000 | $288,333 | $3,309 | 3.23% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 6 | $1,670,000 | $278,333 | $3,048 | 3.23% |
| SAVANNAH, GA (FHA|USDA|VA) | 8 | $1,600,000 | $200,000 | $3,501 | 3.22% |
| ST. GEORGE, UT (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $5,081 | 3.25% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $5,184 | 2.91% |
| Milledgeville, GA (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $2,295 | 2.81% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $3,134 | 3.58% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,330,000 | $332,500 | $4,442 | 2.94% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $4,259 | 3.25% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 7 | $1,295,000 | $185,000 | $3,491 | 3.55% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $3,103 | 3.48% |
| Fort Polk South, LA (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $4,876 | 3.15% |
| Troy, AL (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $3,603 | 3.48% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $1,185,000 | $169,286 | $3,594 | 3.41% |
| BRUNSWICK, GA (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $3,454 | 3.19% |
| Heber, UT (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $5,579 | 2.79% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $3,273 | 3.13% |
| ROCKFORD, IL (FHA|USDA|VA) | 6 | $940,000 | $156,667 | $3,234 | 3.21% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $2,810 | 3.17% |
| GAINESVILLE, GA (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $4,398 | 3.28% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $7,247 | 3.06% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $2,948 | 3.06% |
| Laurel, MS (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $3,570 | 2.75% |
| Moultrie, GA (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $3,899 | 2.84% |
| Brookhaven, MS (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $4,224 | 3.08% |
| Batesville, AR (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $4,680 | 3.25% |
| Selma, AL (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $3,134 | 3.06% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,301 | 3.38% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $4,128 | 3.06% |
| LaGrange, GA-AL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $4,480 | 3.21% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $1,724 | 2.94% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,275 | 2.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $1,876 | 2.88% |
| WACO, TX (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $3,337 | 3.21% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,902 | 3.38% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,252 | 3.19% |
| Ozark, AL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $1,385 | 3.00% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $2,692 | 3.00% |
| Cordele, GA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,789 | 3.63% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,921 | 3.38% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,238 | 2.63% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,794 | 3.13% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,300 | 2.88% |
| ROME, GA (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $3,645 | 3.17% |
| Starkville, MS (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $4,631 | 3.54% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,654 | 4.25% |
| Meridian, MS (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,200 | 2.63% |
| West Point, MS (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,390 | 3.75% |
| DECATUR, IL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,872 | 3.25% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,546 | 3.50% |
| McComb, MS (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $1,896 | 3.06% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,115 | 3.38% |
| Jasper, AL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,378 | 2.50% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,530 | 3.25% |
| Brevard, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,124 | 3.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,118 | 3.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,117 | 3.38% |
| Athens, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 3.38% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,537 | 3.25% |
| JONESBORO, AR (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,929 | 3.00% |
| El Dorado, AR (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,269 | 3.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,643 | 3.00% |
| Athens, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,005 | 3.50% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,353 | 3.13% |
| Boone, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,594 | 2.88% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,969 | 3.75% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,092 | 3.13% |
| Granbury, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,197 | 3.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,519 | 3.63% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 3.13% |
| Dublin, GA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,835 | 3.50% |
| Camden, AR (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,829 | 3.31% |
| Atmore, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,298 | 2.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,262 | 2.88% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,046 | 3.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,943 | 2.88% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,554 | 2.63% |
| Searcy, AR (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,300 | 3.50% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,555 | 3.13% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,385 | 2.50% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,571 | 3.25% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,532 | 3.25% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,993 | 3.25% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,768 | 2.63% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,273 | 3.50% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,561 | 3.38% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,744 | 2.75% |
| Tifton, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,198 | 2.75% |
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.
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Product Mix
For 2020, Gmfs's most frequently originated type of loan was Conventional, with 13,139 originations. Their 2nd most popular type was FHA, with 1,939 originations.
Loan Reason
For 2020, Gmfs's most frequently cited loan purpose was Home Purchase, with 7,802 originations. The 2nd most popular reason was Refi, with 7,743 originations.
Loan Duration/Length
For 2020, Gmfs's most frequently cited loan duration was 30 Year, with 13,906 originations. The 2nd most popular length was 15 Year, with 2,517 originations.
Origination Fees/Closing Costs
Gmfs's average total fees were $3,696, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 9,458 originations.
Interest Rates
During 2020, Gmfs's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 3-4%, with 9,749 originations.
Loan Sizing
2020 saw Gmfs place emphasis on $200k-400k loans with 8,745 originations, totaling $2,385,425,000 in origination value.
Applicant Income
Gmfs lent most frequently to those with incomes in the $50k-75k range, with 4,168 originations. The second most popular income band? $100k-150k, with 4,130 originations.
Applicant Debt to Income Ratio
Gmfs lent most frequently to those with DTI ratios of 20-30%, with 4,854 originations. The next most common DTI ratio? 30-36%, with 3,375 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.39%
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 origination85.22%
Gmfs has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 17,672 | $4,163,760,000 | $235,613 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 17,672 | $4,163,760,000 | $235,613 |