Gershman Investment Corp. Mortgage Rates, Fees & Info

LITTLE ROCK, AR

LEI: 549300NB3SBC1KHAWB92

Tax ID: 43-0710608

5 stars - Updated: 12/4/23 - out of 5 stars, based on 69 reviews

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

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Mortgage Data

Review & Overview

Gershman Investment Corp. is a small mortgage company specializing in Home Purchase loans. Gershman Investment Corp. 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: St. Louis, Tampa, Des Moines, Springfield, and Lincoln among others. We have data for 125 markets. (Some data included below & more in-depth data is available with an active subscription.)

Gershman Investment Corp. 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. Gershman Investment Corp. 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 6.65% 12/4/23
30 Year Conventional Refi 6.65% 12/4/23
30 Year Cash-out Refi 6.93% 12/4/23
30 Year FHA Purchase 7.64% 12/4/23
30 Year FHA Refi 7.24% 12/4/23
30 Year VA Purchase 6.47% 12/4/23
30 Year VA Refi 6.57% 12/4/23
30 Year USDA Purchase 7.01% 12/4/23
30 Year USDA Refi 6.71% 12/4/23
15 Year Conventional Purchase 6.05% 12/4/23
15 Year Conventional Refi 6.43% 12/4/23
15 Year Cash-out Refi 6.43% 12/4/23
15 Year FHA Purchase 5.68% 12/4/23
15 Year FHA Refi 5.68% 12/4/23
15 Year VA Refi 5.60% 12/4/23
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.

Gershman Investment Corp. Mortgage Calculator






Your Estimates

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

This is not an official calculator from Gershman Investment Corp.. 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

4,805

Origination Dollar Volume (All Markets)

$1,055,305,000
Show all (21) awards

Relative Rate

Gershman Investment Corp.'s average 30 year fixed mortgage rate was 5%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.24%.

Relative Fees (Closing Costs)

Gershman Investment Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $5,083.

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
ST. LOUIS, MO-IL (FHA|USDA|VA) 1,290 $267,500,000 $207,364 $4,704 4.77%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 443 $156,025,000 $352,201 $8,550 4.98%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 496 $115,200,000 $232,258 $4,098 4.35%
SPRINGFIELD, MO (FHA|USDA|VA) 497 $103,745,000 $208,742 $4,252 5.07%
LINCOLN, NE (FHA|USDA|VA) 436 $99,480,000 $228,165 $4,096 4.80%
Outside of Metro Areas 487 $80,125,000 $164,528 $4,118 4.82%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 182 $41,080,000 $225,714 $4,469 4.61%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 48 $14,300,000 $297,917 $4,952 5.78%
KANSAS CITY, MO-KS (FHA|USDA|VA) 50 $10,540,000 $210,800 $4,768 4.95%
Sedalia, MO (FHA|USDA|VA) 58 $9,740,000 $167,931 $4,015 5.12%
Branson, MO (FHA|USDA|VA) 47 $9,305,000 $197,979 $4,958 4.97%
CARBONDALE-MARION, IL (FHA|USDA|VA) 70 $9,280,000 $132,571 $5,144 5.03%
JEFFERSON CITY, MO (FHA|USDA|VA) 41 $8,315,000 $202,805 $3,285 4.92%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 39 $7,015,000 $179,872 $4,308 5.14%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 20 $6,400,000 $320,000 $6,378 4.94%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 26 $6,030,000 $231,923 $7,613 4.88%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 32 $5,790,000 $180,938 $4,517 4.68%
GRAND JUNCTION, CO (FHA|USDA|VA) 21 $5,645,000 $268,810 $4,349 5.02%
Paducah, KY-IL (FHA|USDA|VA) 40 $5,350,000 $133,750 $3,887 5.14%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 15 $5,345,000 $356,333 $8,984 4.73%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 21 $5,225,000 $248,810 $5,759 3.94%
COLUMBIA, MO (FHA|USDA|VA) 18 $4,530,000 $251,667 $5,476 5.15%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 10 $4,140,000 $414,000 $8,242 5.70%
Farmington, MO (FHA|USDA|VA) 30 $4,080,000 $136,000 $5,052 5.00%
AMES, IA (FHA|USDA|VA) 21 $4,005,000 $190,714 $4,033 3.93%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 12 $3,570,000 $297,500 $7,863 5.07%
Quincy, IL-MO (FHA|USDA|VA) 23 $3,275,000 $142,391 $4,151 5.44%
Beatrice, NE (FHA|USDA|VA) 19 $2,935,000 $154,474 $4,028 5.20%
JOPLIN, MO (FHA|USDA|VA) 17 $2,895,000 $170,294 $4,210 5.10%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 10 $2,810,000 $281,000 $9,183 4.99%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 7 $2,805,000 $400,714 $3,457 4.41%
Murray, KY (FHA|USDA|VA) 14 $2,440,000 $174,286 $4,587 5.20%
Mayfield, KY (FHA|USDA|VA) 15 $2,275,000 $151,667 $3,877 4.99%
West Plains, MO (FHA|USDA|VA) 11 $1,955,000 $177,727 $4,012 5.50%
DECATUR, IL (FHA|USDA|VA) 14 $1,760,000 $125,714 $4,483 5.16%
Mount Vernon, IL (FHA|USDA|VA) 10 $1,630,000 $163,000 $6,887 5.30%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 4 $1,340,000 $335,000 $8,762 4.47%
Pella, IA (FHA|USDA|VA) 7 $1,205,000 $172,143 $3,019 4.61%
Hannibal, MO (FHA|USDA|VA) 6 $1,200,000 $200,000 $5,507 5.44%
OCALA, FL (FHA|USDA|VA) 4 $1,200,000 $300,000 $6,916 5.44%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 6 $1,050,000 $175,000 $3,988 5.33%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 10 $1,050,000 $105,000 $4,196 5.39%
FORT SMITH, AR-OK (FHA|USDA|VA) 3 $1,025,000 $341,667 $6,034 5.08%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $1,000,000 $250,000 $4,902 5.09%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $965,000 $321,667 $6,850 4.50%
Kearney, NE (FHA|USDA|VA) 6 $950,000 $158,333 $3,662 5.23%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $945,000 $315,000 $3,990 4.46%
Warrensburg, MO (FHA|USDA|VA) 3 $905,000 $301,667 $8,940 5.17%
Centralia, IL (FHA|USDA|VA) 7 $855,000 $122,143 $4,769 5.16%
Taylorville, IL (FHA|USDA|VA) 8 $820,000 $102,500 $3,949 6.13%
Galesburg, IL (FHA|USDA|VA) 8 $780,000 $97,500 $3,656 5.86%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $740,000 $370,000 $7,028 4.44%
Key West, FL (FHA|USDA|VA) 1 $715,000 $715,000 $9,605 6.50%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 5 $715,000 $143,000 $4,753 5.53%
Russellville, AR (FHA|USDA|VA) 5 $705,000 $141,000 $3,257 5.65%
Sikeston, MO (FHA|USDA|VA) 7 $695,000 $99,286 $3,915 4.54%
Marshalltown, IA (FHA|USDA|VA) 5 $675,000 $135,000 $2,568 2.90%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $635,000 $211,667 $4,484 6.13%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $615,000 $615,000 $16,816 3.25%
Rolla, MO (FHA|USDA|VA) 4 $600,000 $150,000 $3,341 4.38%
Poplar Bluff, MO (FHA|USDA|VA) 2 $560,000 $280,000 $2,095 4.94%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $525,000 $525,000 $19,111 5.75%
Lebanon, MO (FHA|USDA|VA) 3 $525,000 $175,000 $7,390 5.21%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $520,000 $260,000 $4,461 6.06%
LOUISVILLE, KY (FHA|USDA|VA) 2 $520,000 $260,000 $3,231 4.75%
Effingham, IL (FHA|USDA|VA) 2 $510,000 $255,000 $6,372 4.38%
GRAND ISLAND, NE (FHA|USDA|VA) 2 $480,000 $240,000 $4,768 5.88%
Crossville, TN (FHA|USDA|VA) 1 $415,000 $415,000 $4,142 3.63%
Mason City, IA (FHA|USDA|VA) 2 $410,000 $205,000 $2,664 4.75%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $385,000 $385,000 $10,353 5.25%
Fort Dodge, IA (FHA|USDA|VA) 4 $380,000 $95,000 $4,279 4.56%
Duncan, OK (FHA|USDA|VA) 2 $380,000 $190,000 $4,981 5.13%
RACINE, WI (FHA|USDA|VA) 2 $360,000 $180,000 $4,487 4.44%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $355,000 $355,000 $11,090 5.25%
Columbus, NE (FHA|USDA|VA) 2 $350,000 $175,000 $6,770 5.00%
Mexico, MO (FHA|USDA|VA) 2 $350,000 $175,000 $3,035 4.25%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $345,000 $345,000 $13,102 6.38%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $345,000 $345,000 $9,372 4.75%
Harrison, AR (FHA|USDA|VA) 2 $340,000 $170,000 $8,573 5.75%
Burlington, IA-IL (FHA|USDA|VA) 3 $325,000 $108,333 $4,856 6.13%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $325,000 $325,000 $10,104 4.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $315,000 $315,000 $8,956 6.88%
Central City, KY (FHA|USDA|VA) 4 $310,000 $77,500 $4,013 4.19%
Searcy, AR (FHA|USDA|VA) 4 $310,000 $77,500 $2,950 2.50%
Cookeville, TN (FHA|USDA|VA) 1 $305,000 $305,000 $8,667 4.50%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $285,000 $285,000 $10,637 5.38%
Lexington, NE (FHA|USDA|VA) 4 $280,000 $70,000 $1,442 3.06%
Marshall, MO (FHA|USDA|VA) 2 $270,000 $135,000 $4,079 4.81%
Hutchinson, KS (FHA|USDA|VA) 1 $265,000 $265,000 $7,058 5.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,358 4.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $255,000 $255,000 $9,119 4.13%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $250,000 $125,000 $2,559 4.50%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $245,000 $245,000 $2,348 4.50%
Norfolk, NE (FHA|USDA|VA) 1 $245,000 $245,000 $1,192 4.75%
Bartlesville, OK (FHA|USDA|VA) 1 $235,000 $235,000 $4,966 6.38%
Pittsburg, KS (FHA|USDA|VA) 2 $230,000 $115,000 $4,672 5.69%
Storm Lake, IA (FHA|USDA|VA) 1 $225,000 $225,000 $5,501 3.75%
TULSA, OK (FHA|USDA|VA) 1 $225,000 $225,000 $8,085 4.13%
IOWA CITY, IA (FHA|USDA|VA) 1 $225,000 $225,000 $2,810 5.13%
Moberly, MO (FHA|USDA|VA) 1 $225,000 $225,000 $5,716 7.63%
GAINESVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,693 6.00%
Douglas, GA (FHA|USDA|VA) 1 $215,000 $215,000 $3,260 4.00%
Fremont, NE (FHA|USDA|VA) 1 $215,000 $215,000 $3,119 5.75%
Lewisburg, TN (FHA|USDA|VA) 1 $205,000 $205,000 $4,521 5.63%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $195,000 $195,000 $8,246 6.13%
ROCKFORD, IL (FHA|USDA|VA) 1 $185,000 $185,000 $3,077 5.63%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $185,000 $185,000 $2,976 5.00%
Jacksonville, IL (FHA|USDA|VA) 1 $175,000 $175,000 $5,777 6.25%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $165,000 $165,000 $5,651 4.63%
Okeechobee, FL (FHA|USDA|VA) 1 $165,000 $165,000 $6,948 4.88%
OWENSBORO, KY (FHA|USDA|VA) 2 $160,000 $80,000 $3,673 4.94%
Clinton, IA (FHA|USDA|VA) 2 $160,000 $80,000 $1,444 2.00%
Dodge City, KS (FHA|USDA|VA) 1 $155,000 $155,000 $3,651 7.38%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,773 3.63%
MOBILE, AL (FHA|USDA|VA) 1 $135,000 $135,000 $5,594 6.13%
Garden City, KS (FHA|USDA|VA) 1 $125,000 $125,000 $4,818 6.00%
Parsons, KS (FHA|USDA|VA) 1 $125,000 $125,000 $5,662 4.25%
Salina, KS (FHA|USDA|VA) 1 $125,000 $125,000 $2,902 3.50%
SPRINGFIELD, IL (FHA|USDA|VA) 2 $120,000 $60,000 $1,922 2.06%
Miami, OK (FHA|USDA|VA) 1 $115,000 $115,000 $5,277 3.75%
Maryville, MO (FHA|USDA|VA) 2 $110,000 $55,000 $1,788 2.88%
PEORIA, IL (FHA|USDA|VA) 1 $95,000 $95,000 $4,516 6.63%
Arkadelphia, AR (FHA|USDA|VA) 1 $85,000 $85,000 $2,921 5.75%
Blytheville, AR (FHA|USDA|VA) 2 $80,000 $40,000 $1,806 2.50%
Ottawa, IL (FHA|USDA|VA) 1 $45,000 $45,000 $2,353 4.63%
Gershman Investment Corp.'s top markets include St. Louis, Tampa, Des Moines, Springfield, and Lincoln among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,978 $663,070,000 $222,656 $3,636 4.68%
    FHA 1,223 $240,015,000 $196,251 $7,058 5.13%
    VA 410 $123,380,000 $300,927 $7,310 4.92%
    USDA 194 $28,840,000 $148,660 $4,747 5.05%

    For 2022, Gershman Investment Corp.'s most frequently originated type of loan was Conventional, with 2,978 originations. Their 2nd most popular type was FHA, with 1,223 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,307 $947,715,000 $220,041 $4,921 4.87%
    Cash Out Refi 296 $60,850,000 $205,574 $4,824 4.57%
    Refi 202 $46,740,000 $231,386 $3,725 4.38%

    For 2022, Gershman Investment Corp.'s most frequently cited loan purpose was Home Purchase, with 4,307 originations. The 2nd most popular reason was Cash Out Refi, with 296 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,493 $1,026,795,000 $228,532 $5,083 5.00%
    10 Year 158 $1,920,000 $12,152 $247 0.85%
    15 Year 114 $21,070,000 $184,825 $3,436 3.93%
    20 Year 29 $5,055,000 $174,310 $3,424 3.95%
    Other 7 $445,000 $63,571 $1,156 1.70%
    5 Year 4 $20,000 $5,000 $13 0.00%

    For 2022, Gershman Investment Corp.'s most frequently cited loan duration was 30 Year, with 4,493 originations. The 2nd most popular length was 10 Year, with 158 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,994 $405,220,000 $203,220
    $1k-2k 1,553 $326,115,000 $209,990
    $2k-3k 543 $119,245,000 $219,604
    $3k-4k 305 $72,695,000 $238,344
    $5k+ 236 $83,120,000 $352,203
    $4k-5k 174 $48,910,000 $281,092

    Gershman Investment Corp.'s average total fees were $5,083, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,994 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,647 $380,275,000 $230,889
    4-5% 1,068 $250,390,000 $234,448
    3-4% 904 $211,760,000 $234,248
    6-7% 666 $147,460,000 $221,411
    <2.5% 261 $2,505,000 $9,598
    7-8% 183 $40,015,000 $218,661
    2.5-3% 68 $20,250,000 $297,794
    Over 8% 8 $2,650,000 $331,250

    During 2022, Gershman Investment Corp.'s average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was 5-6%, with 1,647 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,888 $521,190,000 $276,054 $5,772 5.12%
    $100k-200k 1,817 $276,515,000 $152,182 $4,294 5.10%
    $100,000 or less 676 $33,180,000 $49,083 $2,049 3.22%
    $400k-600k 330 $154,740,000 $468,909 $7,166 4.95%
    $600k-1MM 84 $56,820,000 $676,429 $8,596 4.93%
    $1MM+ 10 $12,860,000 $1,286,000 $20,383 4.63%

    2022 saw Gershman Investment Corp. place emphasis on $200k-400k loans with 1,888 originations, totaling $521,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,475 $262,455,000 $177,936 $4,521 4.75%
    $50k or less 1,089 $129,865,000 $119,252 $3,695 4.46%
    $75k-100k 845 $197,645,000 $233,899 $5,253 4.99%
    $100k-150k 833 $238,805,000 $286,681 $5,782 5.11%
    $150k-250k 409 $153,785,000 $376,002 $5,954 5.06%
    $250k+ 130 $65,270,000 $502,077 $6,734 5.25%

    Gershman Investment Corp. lent most frequently to those with incomes in the $50k-75k range, with 1,475 originations. The second most popular income band? $50k or less, with 1,089 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 875 $178,025,000 $203,457 $4,192 4.53%
    20-30% 819 $167,395,000 $204,389 $3,950 4.55%
    50-60% 346 $87,720,000 $253,526 $7,802 5.15%
    40% 217 $48,975,000 $225,691 $4,816 4.95%
    44% 210 $49,030,000 $233,476 $4,959 5.11%
    41% 200 $46,400,000 $232,000 $5,061 5.02%
    42% 199 $45,155,000 $226,910 $4,996 5.30%
    <20% 196 $36,680,000 $187,143 $3,306 4.45%
    43% 193 $43,645,000 $226,140 $4,562 5.06%
    49% 192 $45,720,000 $238,125 $5,919 5.06%
    37% 186 $38,980,000 $209,570 $4,724 4.89%
    38% 181 $39,115,000 $216,105 $4,671 4.63%
    39% 177 $36,745,000 $207,599 $4,792 4.78%
    36% 170 $34,220,000 $201,294 $4,475 4.53%
    45% 158 $36,700,000 $232,278 $5,272 5.28%
    48% 154 $35,510,000 $230,584 $5,574 5.20%
    47% 149 $35,785,000 $240,168 $5,445 5.16%
    46% 143 $36,655,000 $256,329 $6,338 5.26%
    >60% 36 $11,830,000 $328,611 $7,051 4.54%

    Gershman Investment Corp. lent most frequently to those with DTI ratios of 30-36%, with 875 originations. The next most common DTI ratio? 20-30%, with 819 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,087 $898,425,000 $219,825 $4,773 4.88%
    Black 354 $66,010,000 $186,469 $5,608 4.30%
    Not provided 194 $46,070,000 $237,474 $5,272 4.75%
    Asian 139 $37,955,000 $273,058 $5,171 4.94%
    American Indian 27 $6,245,000 $231,296 $4,583 4.10%
    Native Hawaiian or Islander 4 $600,000 $150,000 $5,149 5.47%

    Approval Rates

    Total approvals of all applications
    94.01%

    Gershman Investment Corp. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.05%

    Gershman Investment Corp. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,805 $1,055,305,000 $219,626

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,805 $1,055,305,000 $219,626

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 76 $9,840,000 $129,474 $3,348 5.03%
    40-60% 225 $41,685,000 $185,267 $3,684 4.77%
    60-80% 858 $208,130,000 $242,576 $4,567 5.05%
    80-100% 3,279 $759,665,000 $231,676 $5,206 5.13%
    Over 100% 89 $33,515,000 $376,573 $14,194 4.82%
    Under 20% 278 $2,470,000 $8,885 $141 0.54%