Gershman Investment Corp. Mortgage Rates, Fees & Info
LITTLE ROCK, ARLEI: 549300NB3SBC1KHAWB92
Tax ID: 43-0710608
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Gershman Investment Corp. is a smaller 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, Des Moines, Tampa, Springfield, and Lincoln among others. We have data for 131 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 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 | 6.73% | 4/5/25 |
| 30 Year Conventional Refi | 7.06% | 4/5/25 |
| 30 Year Cash-out Refi | 7.41% | 4/5/25 |
| 30 Year FHA Purchase | 7.33% | 4/5/25 |
| 30 Year FHA Refi | 7.21% | 4/5/25 |
| 30 Year VA Purchase | 6.53% | 4/5/25 |
| 30 Year VA Refi | 6.22% | 4/5/25 |
| 30 Year USDA Purchase | 7.15% | 4/5/25 |
| 30 Year USDA Refi | 7.08% | 4/5/25 |
| 15 Year Conventional Purchase | 6.40% | 4/5/25 |
| 15 Year Conventional Refi | 6.23% | 4/5/25 |
| 15 Year Cash-out Refi | 6.23% | 4/5/25 |
| 15 Year FHA Purchase | 7.13% | 4/5/25 |
| 15 Year FHA Refi | 6.00% | 4/5/25 |
| 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
4,060Origination Dollar Volume (All Markets)
$995,560,000Awards
GERSHMAN INVESTMENT CORP. - 2024
GERSHMAN INVESTMENT CORP. is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
Work for GERSHMAN INVESTMENT CORP.?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Gershman Investment Corp.'s average 30 year fixed mortgage rate was
6.5%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.05%.
Relative Fees (Closing Costs)
Gershman Investment Corp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $5,399.
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 $8,356.
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) | 831 | $197,215,000 | $237,323 | $4,732 | 6.23% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 437 | $120,665,000 | $276,121 | $4,323 | 5.95% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 301 | $111,345,000 | $369,917 | $8,383 | 6.34% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 385 | $88,675,000 | $230,325 | $4,390 | 6.48% |
| LINCOLN, NE (FHA|USDA|VA) | 342 | $81,630,000 | $238,684 | $4,098 | 6.04% |
| Outside of Metro Areas | 400 | $68,190,000 | $170,475 | $4,426 | 6.42% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 194 | $66,060,000 | $340,515 | $6,131 | 6.39% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 104 | $31,050,000 | $298,558 | $6,667 | 5.96% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 109 | $23,475,000 | $215,367 | $4,219 | 5.67% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 57 | $12,615,000 | $221,316 | $5,465 | 6.40% |
| Paducah, KY-IL (FHA|USDA|VA) | 98 | $12,240,000 | $124,898 | $3,960 | 6.05% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 38 | $11,380,000 | $299,474 | $8,928 | 5.85% |
| Branson, MO (FHA|USDA|VA) | 43 | $10,835,000 | $251,977 | $4,818 | 6.77% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 26 | $7,370,000 | $283,462 | $7,827 | 5.43% |
| JOPLIN, MO (FHA|USDA|VA) | 41 | $7,355,000 | $179,390 | $4,949 | 6.00% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 20 | $7,330,000 | $366,500 | $5,015 | 6.62% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 46 | $7,300,000 | $158,696 | $4,813 | 6.96% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 15 | $6,765,000 | $451,000 | $12,701 | 6.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 26 | $6,660,000 | $256,154 | $8,679 | 5.53% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 8 | $6,350,000 | $793,750 | $11,898 | 5.84% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 40 | $6,340,000 | $158,500 | $4,569 | 5.54% |
| COLUMBIA, MO (FHA|USDA|VA) | 24 | $6,220,000 | $259,167 | $5,080 | 6.65% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 23 | $5,335,000 | $231,957 | $3,561 | 6.79% |
| Mayfield, KY (FHA|USDA|VA) | 36 | $5,060,000 | $140,556 | $3,660 | 6.18% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 24 | $5,050,000 | $210,417 | $5,068 | 6.29% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 20 | $4,280,000 | $214,000 | $7,208 | 5.49% |
| Farmington, MO (FHA|USDA|VA) | 24 | $3,970,000 | $165,417 | $5,360 | 6.02% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 10 | $3,840,000 | $384,000 | $8,169 | 5.51% |
| Sedalia, MO (FHA|USDA|VA) | 23 | $3,655,000 | $158,913 | $3,461 | 6.33% |
| Quincy, IL-MO (FHA|USDA|VA) | 21 | $3,335,000 | $158,810 | $4,790 | 6.80% |
| AMES, IA (FHA|USDA|VA) | 17 | $3,305,000 | $194,412 | $3,772 | 5.35% |
| Madisonville, KY (FHA|USDA|VA) | 20 | $3,220,000 | $161,000 | $4,518 | 6.16% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 10 | $2,380,000 | $238,000 | $4,304 | 6.40% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $2,215,000 | $738,333 | $6,882 | 7.08% |
| Murray, KY (FHA|USDA|VA) | 21 | $2,205,000 | $105,000 | $3,989 | 6.18% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $2,165,000 | $433,000 | $11,186 | 7.38% |
| Beatrice, NE (FHA|USDA|VA) | 12 | $2,160,000 | $180,000 | $4,731 | 5.63% |
| Pella, IA (FHA|USDA|VA) | 7 | $1,815,000 | $259,286 | $3,853 | 6.21% |
| Taylorville, IL (FHA|USDA|VA) | 11 | $1,675,000 | $152,273 | $4,979 | 6.84% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $1,595,000 | $531,667 | $6,896 | 6.33% |
| LOUISVILLE, KY (FHA|USDA|VA) | 4 | $1,580,000 | $395,000 | $7,559 | 6.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 5 | $1,565,000 | $313,000 | $8,242 | 6.13% |
| West Plains, MO (FHA|USDA|VA) | 9 | $1,335,000 | $148,333 | $4,846 | 6.89% |
| Poplar Bluff, MO (FHA|USDA|VA) | 6 | $1,240,000 | $206,667 | $5,358 | 6.69% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 7 | $1,145,000 | $163,571 | $3,149 | 4.71% |
| SPARTANBURG, SC (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $4,190 | 7.16% |
| Marshalltown, IA (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $3,229 | 6.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $3,028 | 4.67% |
| Searcy, AR (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $6,535 | 6.28% |
| OCALA, FL (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $6,791 | 5.96% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $18,046 | 5.88% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $2,907 | 6.28% |
| Ada, OK (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $4,302 | 7.63% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $8 | 6.25% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $6,396 | 6.38% |
| Mount Vernon, IL (FHA|USDA|VA) | 5 | $675,000 | $135,000 | $5,507 | 6.90% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $9,866 | 6.69% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $9,246 | 6.19% |
| TULSA, OK (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,402 | 6.75% |
| Fort Dodge, IA (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $4,535 | 6.38% |
| Moberly, MO (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $5,356 | 7.25% |
| Galesburg, IL (FHA|USDA|VA) | 6 | $570,000 | $95,000 | $4,108 | 6.73% |
| Warrensburg, MO (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $8,035 | 6.94% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $3,324 | 7.09% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $3,017 | 7.50% |
| Okeechobee, FL (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $7,391 | 4.46% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $10,301 | 4.63% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,506 | 4.71% |
| Montrose, CO (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $3,172 | 6.88% |
| Orangeburg, SC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $8,487 | 5.38% |
| IOWA CITY, IA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,164 | 6.00% |
| Malvern, AR (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $7,159 | 6.44% |
| Lexington, NE (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,885 | 6.56% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,489 | 7.63% |
| Russellville, AR (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $4,659 | 6.29% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,970 | 3.31% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,641 | 7.19% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $3,124 | 6.96% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $12,013 | 6.63% |
| Batesville, AR (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,135 | 6.06% |
| Lebanon, MO (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,276 | 6.94% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,328 | 6.94% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $13,685 | 7.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,249 | 7.13% |
| Carroll, IA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,466 | 5.13% |
| Rockport, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,105 | 6.75% |
| OWENSBORO, KY (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $1,595 | 6.06% |
| Maryville, MO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,216 | 7.38% |
| Harrison, AR (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,591 | 7.06% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $16,999 | 4.63% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,982 | 6.63% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,482 | 5.50% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,881 | 6.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,868 | 7.00% |
| Arcadia, FL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,492 | 3.38% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,625 | 6.75% |
| Sikeston, MO (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,400 | 6.19% |
| DECATUR, IL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,594 | 7.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,194 | 7.31% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,155 | 7.63% |
| Union City, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,962 | 6.25% |
| Clinton, IA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,491 | 6.63% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,260 | 5.75% |
| McAlester, OK (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,328 | 7.38% |
| Rolla, MO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,733 | 7.50% |
| Marshall, MO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,179 | 7.13% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,769 | 7.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,409 | 6.25% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,396 | 6.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,909 | 3.31% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,764 | 7.13% |
| Dodge City, KS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,877 | 7.13% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,325 | 6.50% |
| Columbus, NE (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,710 | 7.13% |
| Fremont, NE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,438 | 5.25% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,033 | 5.88% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,513 | 7.63% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,494 | 6.63% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,715 | 6.13% |
| Kennett, MO (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $3,533 | 7.75% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,581 | 6.75% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,031 | 6.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,542 | 8.13% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,702 | 6.50% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,177 | 6.25% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $2,827 | 5.00% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,482 | 6.75% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,883 | 7.13% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $8,057 | 6.75% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,344 | 6.88% |
| Centralia, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,108 | 6.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against GERSHMAN INVESTMENT CORP. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 45
Similarity Rank: 78
Similarity Rank: 154
Similarity Rank: 154
Similarity Rank: 156
Similarity Rank: 196
Similarity Rank: 198
Similarity Rank: 200
Similarity Rank: 225
Similarity Rank: 259
Product Mix
For 2024, Gershman Investment Corp.'s most frequently originated type of loan was Conventional, with 2,448 originations. Their 2nd most popular type was FHA, with 1,078 originations.
Loan Reason
For 2024, Gershman Investment Corp.'s most frequently cited loan purpose was Home Purchase, with 3,702 originations. The 2nd most popular reason was Refi, with 225 originations.
Loan Duration/Length
For 2024, Gershman Investment Corp.'s most frequently cited loan duration was 30 Year, with 3,804 originations. The 2nd most popular length was 10 Year, with 226 originations.
Origination Fees/Closing Costs
Gershman Investment Corp.'s average total fees were $5,399, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,193 originations.
Interest Rates
During 2024, Gershman Investment Corp.'s average interest rate for loans was 6.50%, while their most frequently originated rate bucket for loans was 6-7%, with 2,235 originations.
Loan Sizing
2024 saw Gershman Investment Corp. place emphasis on $200k-400k loans with 1,791 originations, totaling $503,535,000 in origination value.
Applicant Income
Gershman Investment Corp. lent most frequently to those with incomes in the $50k-75k range, with 1,037 originations. The second most popular income band? $100k-150k, with 901 originations.
Applicant Debt to Income Ratio
Gershman Investment Corp. lent most frequently to those with DTI ratios of 30-36%, with 738 originations. The next most common DTI ratio? 20-30%, with 594 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.23%
Gershman Investment Corp. has an average approval rate.
Pick Rate
Approvals leading to origination73.42%
Gershman Investment Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,060 | $995,560,000 | $245,212 |