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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  • Origination Fees (Closing Costs)

    • 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.

    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% 12/16/24
    30 Year Conventional Refi 6.54% 12/16/24
    30 Year Cash-out Refi 6.75% 12/16/24
    30 Year FHA Purchase 7.22% 12/16/24
    30 Year FHA Refi 7.03% 12/16/24
    30 Year VA Purchase 6.19% 12/16/24
    30 Year VA Refi 5.93% 12/16/24
    30 Year USDA Purchase 6.67% 12/16/24
    30 Year USDA Refi 6.63% 12/16/24
    15 Year Conventional Purchase 5.93% 12/16/24
    15 Year Conventional Refi 5.97% 12/16/24
    15 Year Cash-out Refi 5.97% 12/16/24
    15 Year FHA Purchase 7.17% 12/16/24
    15 Year FHA Refi 5.68% 12/16/24
    15 Year VA Purchase 5.42% 12/16/24
    15 Year VA Refi 6.11% 12/16/24
    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

    17,672

    Origination Dollar Volume (All Markets)

    $4,163,760,000
    Show all (88) 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) 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%
    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.
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    ROBINS FINANCIAL
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    Farm Credit Services of Western Arkansas, ACA
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    Jordan Federal Credit Union
    Similarity Rank: 430

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 13,139 $3,227,805,000 $245,666 $3,377 3.17%
    FHA 1,939 $393,175,000 $202,772 $5,110 3.36%
    USDA 1,638 $279,730,000 $170,775 $3,105 3.35%
    VA 956 $263,050,000 $275,157 $4,726 3.05%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 7,802 $1,775,620,000 $227,585 $3,447 3.31%
    Refi 7,743 $1,895,535,000 $244,806 $3,603 3.06%
    Cash Out Refi 2,127 $492,605,000 $231,596 $4,323 3.33%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 13,906 $3,353,630,000 $241,164 $3,696 3.29%
    15 Year 2,517 $527,055,000 $209,398 $3,313 2.78%
    20 Year 626 $139,720,000 $223,195 $3,568 3.18%
    Other 481 $116,935,000 $243,108 $3,286 3.14%
    10 Year 126 $21,950,000 $174,206 $3,194 2.78%
    30+ year 16 $4,470,000 $279,375 $1,222 3.43%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 9,458 $2,211,680,000 $233,842
    $1k-2k 4,109 $930,375,000 $226,424
    $2k-3k 1,768 $400,270,000 $226,397
    $3k-4k 952 $242,810,000 $255,053
    $4k-5k 499 $144,935,000 $290,451
    $5k+ 445 $157,035,000 $352,888

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 9,749 $2,250,005,000 $230,793
    2.5-3% 6,046 $1,504,300,000 $248,809
    <2.5% 1,238 $292,590,000 $236,341
    4-5% 555 $102,405,000 $184,514
    5-6% 84 $14,460,000 $172,143

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 8,745 $2,385,425,000 $272,776 $3,885 3.16%
    $100k-200k 6,725 $1,051,855,000 $156,410 $3,120 3.25%
    $400k-600k 1,393 $644,085,000 $462,373 $4,720 3.13%
    $100,000 or less 789 $65,815,000 $83,416 $2,724 3.41%
    $600k-1MM 14 $9,950,000 $710,714 $7,586 2.92%
    $1MM+ 6 $6,630,000 $1,105,000 $6,959 3.48%

    2020 saw Gmfs place emphasis on $200k-400k loans with 8,745 originations, totaling $2,385,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 4,168 $801,530,000 $192,306 $3,485 3.26%
    $100k-150k 4,130 $1,108,260,000 $268,344 $3,848 3.16%
    $75k-100k 3,267 $747,205,000 $228,713 $3,681 3.20%
    $50k or less 3,068 $510,040,000 $166,245 $3,108 3.25%
    $150k-250k 2,308 $728,700,000 $315,728 $3,984 3.14%
    $250k+ 695 $260,125,000 $374,281 $4,016 3.06%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 4,854 $1,155,930,000 $238,140 $3,499 3.15%
    30-36% 3,375 $797,735,000 $236,366 $3,570 3.23%
    <20% 2,214 $509,430,000 $230,095 $3,283 3.04%
    36% 597 $145,325,000 $243,425 $3,583 3.25%
    50-60% 595 $130,775,000 $219,790 $5,270 3.25%
    40% 592 $138,070,000 $233,226 $3,598 3.31%
    39% 567 $129,045,000 $227,593 $3,587 3.28%
    41% 562 $132,290,000 $235,391 $3,583 3.31%
    37% 551 $128,225,000 $232,713 $3,429 3.28%
    38% 533 $129,025,000 $242,073 $3,507 3.27%
    43% 518 $124,000,000 $239,382 $3,810 3.24%
    42% 512 $122,660,000 $239,570 $3,655 3.31%
    44% 504 $119,220,000 $236,548 $3,816 3.30%
    45% 393 $88,515,000 $225,229 $3,636 3.26%
    49% 323 $78,275,000 $242,337 $3,985 3.24%
    48% 308 $73,730,000 $239,383 $4,200 3.27%
    46% 300 $73,930,000 $246,433 $3,905 3.27%
    47% 290 $69,940,000 $241,172 $4,083 3.21%
    >60% 10 $2,750,000 $275,000 $4,030 3.03%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 14,893 $3,532,345,000 $237,182 $3,614 3.19%
    Not provided 1,226 $292,600,000 $238,662 $3,813 3.22%
    Black 1,161 $243,725,000 $209,927 $3,585 3.38%
    Asian 325 $80,035,000 $246,262 $3,222 3.11%
    American Indian 56 $13,010,000 $232,321 $3,839 3.20%
    Native Hawaiian or Islander 11 $2,045,000 $185,909 $3,867 3.35%

    Approval Rates

    Total approvals of all applications
    98.39%

    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 origination
    85.22%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 377 $65,925,000 $174,867 $3,067 2.96%
    40-60% 1,684 $373,910,000 $222,037 $3,341 3.02%
    60-80% 5,978 $1,458,720,000 $244,015 $3,531 3.16%
    80-100% 9,316 $2,180,570,000 $234,067 $3,623 3.27%
    Over 100% 301 $81,755,000 $271,611 $7,455 3.27%
    Under 20% 15 $2,775,000 $185,000 $3,409 2.81%