Gershman Investment Corp. Mortgage Rates, Fees & Info
LITTLE ROCK, ARLEI: 549300NB3SBC1KHAWB92
Tax ID: 43-0710608
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 include St. Louis, Tampa, Des Moines, Springfield, and Lincoln among others. Gershman Investment Corp. has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Gershman Investment Corp. is typically an average fee lendor.Originations
8,979Origination Dollar Volume (All Markets)
$1,815,435,000Awards
GERSHMAN INVESTMENT CORP. - 2021
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Relative Rate
Gershman Investment Corp.'s average 30 year fixed rate mortgage of loans were
3.09%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.06%.
Relative Fees
Gershman Investment Corp.'s average total fees for a 30 year fixed rate
mortgage are $3,930.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3,070 | $608,520,000 | $198,215 | $3,427 | 3.05% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 837 | $237,505,000 | $283,757 | $5,636 | 3.20% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1,031 | $214,455,000 | $208,007 | $3,280 | 2.65% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 893 | $163,025,000 | $182,559 | $3,585 | 3.11% |
| LINCOLN, NE (FHA|USDA|VA) | 577 | $113,765,000 | $197,166 | $3,473 | 2.96% |
| Outside of Metro Areas | 682 | $113,640,000 | $166,628 | $3,577 | 3.15% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 444 | $84,890,000 | $191,194 | $3,657 | 2.85% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 77 | $19,365,000 | $251,494 | $2,577 | 2.83% |
| Sedalia, MO (FHA|USDA|VA) | 111 | $17,105,000 | $154,099 | $3,083 | 3.07% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 89 | $14,635,000 | $164,438 | $2,319 | 3.08% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 68 | $12,820,000 | $188,529 | $3,492 | 3.02% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 93 | $12,615,000 | $135,645 | $3,748 | 3.16% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 52 | $11,950,000 | $229,808 | $5,963 | 3.27% |
| Branson, MO (FHA|USDA|VA) | 56 | $10,520,000 | $187,857 | $3,947 | 3.14% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 22 | $9,590,000 | $435,909 | $3,356 | 2.80% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 36 | $8,770,000 | $243,611 | $5,687 | 3.19% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 27 | $8,695,000 | $322,037 | $6,836 | 3.22% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 47 | $7,615,000 | $162,021 | $3,669 | 3.31% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 22 | $7,310,000 | $332,273 | $5,404 | 3.19% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 17 | $7,025,000 | $413,235 | $7,023 | 3.08% |
| AMES, IA (FHA|USDA|VA) | 52 | $6,760,000 | $130,000 | $3,213 | 2.72% |
| Farmington, MO (FHA|USDA|VA) | 36 | $6,360,000 | $176,667 | $4,028 | 3.26% |
| JOPLIN, MO (FHA|USDA|VA) | 37 | $5,485,000 | $148,243 | $3,696 | 3.27% |
| DECATUR, IL (FHA|USDA|VA) | 34 | $4,900,000 | $144,118 | $2,903 | 3.26% |
| Poplar Bluff, MO (FHA|USDA|VA) | 28 | $4,540,000 | $162,143 | $4,235 | 3.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 18 | $4,490,000 | $249,444 | $4,877 | 3.40% |
| COLUMBIA, MO (FHA|USDA|VA) | 22 | $4,100,000 | $186,364 | $3,428 | 2.99% |
| Paducah, KY-IL (FHA|USDA|VA) | 29 | $3,855,000 | $132,931 | $4,474 | 2.98% |
| West Plains, MO (FHA|USDA|VA) | 19 | $3,415,000 | $179,737 | $3,738 | 3.30% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $3,150,000 | $525,000 | $6,594 | 3.60% |
| Beatrice, NE (FHA|USDA|VA) | 16 | $3,050,000 | $190,625 | $4,074 | 3.14% |
| OCALA, FL (FHA|USDA|VA) | 11 | $2,935,000 | $266,818 | $5,967 | 3.38% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $2,890,000 | $1,445,000 | $6,785 | 3.81% |
| Quincy, IL-MO (FHA|USDA|VA) | 21 | $2,475,000 | $117,857 | $3,732 | 3.23% |
| Murray, KY (FHA|USDA|VA) | 18 | $2,220,000 | $123,333 | $3,556 | 2.81% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $2,090,000 | $348,333 | $5,272 | 3.46% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $2,075,000 | $296,429 | $4,939 | 3.07% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 6 | $2,050,000 | $341,667 | $9,988 | 3.17% |
| Taylorville, IL (FHA|USDA|VA) | 20 | $2,010,000 | $100,500 | $2,996 | 3.50% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 9 | $2,005,000 | $222,778 | $5,729 | 2.86% |
| RACINE, WI (FHA|USDA|VA) | 11 | $1,935,000 | $175,909 | $4,227 | 3.28% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 11 | $1,885,000 | $171,364 | $4,518 | 3.23% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 10 | $1,820,000 | $182,000 | $4,702 | 2.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 6 | $1,820,000 | $303,333 | $5,044 | 3.48% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,760,000 | $440,000 | $6,818 | 2.97% |
| Mayfield, KY (FHA|USDA|VA) | 9 | $1,745,000 | $193,889 | $4,827 | 3.01% |
| Pella, IA (FHA|USDA|VA) | 9 | $1,735,000 | $192,778 | $3,239 | 2.51% |
| Central City, KY (FHA|USDA|VA) | 15 | $1,585,000 | $105,667 | $3,704 | 3.00% |
| Sikeston, MO (FHA|USDA|VA) | 11 | $1,465,000 | $133,182 | $3,706 | 3.39% |
| Warrensburg, MO (FHA|USDA|VA) | 7 | $1,435,000 | $205,000 | $3,866 | 3.14% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 7 | $1,435,000 | $205,000 | $4,910 | 3.48% |
| Centralia, IL (FHA|USDA|VA) | 11 | $1,425,000 | $129,545 | $3,001 | 3.45% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,320,000 | $220,000 | $3,585 | 2.88% |
| Fort Dodge, IA (FHA|USDA|VA) | 10 | $1,290,000 | $129,000 | $2,861 | 2.85% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $2,766 | 2.81% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $3,480 | 3.30% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $7,210 | 2.88% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 8 | $1,160,000 | $145,000 | $3,310 | 3.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $6,373 | 3.25% |
| Kearney, NE (FHA|USDA|VA) | 7 | $1,135,000 | $162,143 | $2,597 | 2.91% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $3,818 | 3.15% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $9,872 | 3.13% |
| IOWA CITY, IA (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $2,323 | 2.10% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $4,013 | 3.35% |
| Marshalltown, IA (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $3,732 | 2.85% |
| Lebanon, MO (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $3,807 | 3.43% |
| Fremont, NE (FHA|USDA|VA) | 6 | $940,000 | $156,667 | $4,656 | 3.48% |
| Rolla, MO (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $3,039 | 3.44% |
| Effingham, IL (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $4,293 | 3.21% |
| Mason City, IA (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $3,661 | 3.13% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $4,903 | 3.63% |
| Spirit Lake, IA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $2,536 | 2.81% |
| Mount Vernon, IL (FHA|USDA|VA) | 7 | $745,000 | $106,429 | $3,477 | 3.61% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $4,789 | 3.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $8,175 | 3.25% |
| Lexington, NE (FHA|USDA|VA) | 6 | $670,000 | $111,667 | $3,437 | 2.21% |
| Oskaloosa, IA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $4,387 | 3.21% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $5,917 | 3.29% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $3,925 | 2.75% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,417 | 2.50% |
| Harrison, AR (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,668 | 2.88% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $4,784 | 3.28% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,184 | 2.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,172 | 3.50% |
| Mexico, MO (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $3,635 | 2.97% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,483 | 3.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,073 | 3.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,747 | 3.19% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,445 | 2.75% |
| Galesburg, IL (FHA|USDA|VA) | 5 | $435,000 | $87,000 | $3,714 | 3.83% |
| Campbellsville, KY (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $2,171 | 2.91% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $3,456 | 3.28% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,310 | 3.25% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,951 | 3.38% |
| Russellville, AR (FHA|USDA|VA) | 5 | $385,000 | $77,000 | $2,715 | 2.18% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $3,940 | 3.67% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,458 | 3.06% |
| Jacksonville, IL (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $3,353 | 3.59% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,801 | 3.75% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,214 | 2.81% |
| Norfolk, NE (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $3,738 | 3.21% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $14,384 | 3.25% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,063 | 3.50% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,354 | 3.63% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,029 | 4.00% |
| PEORIA, IL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,487 | 3.31% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,972 | 3.63% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,138 | 3.13% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,513 | 3.38% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,572 | 3.75% |
| Montrose, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,805 | 2.38% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,144 | 3.50% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,105 | 3.38% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,590 | 3.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,044 | 3.00% |
| Paragould, AR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,404 | 3.25% |
| DUBUQUE, IA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $2,839 | 1.25% |
| Winfield, KS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,727 | 2.88% |
| Somerset, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,369 | 2.63% |
| WACO, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,532 | 2.75% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,091 | 3.13% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,060 | 3.25% |
| Ottumwa, IA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $2,421 | 1.63% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,255 | 3.13% |
| Carroll, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,767 | 3.13% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,659 | 3.63% |
| Madisonville, KY (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $2,076 | 2.13% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,527 | 3.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,500 | 2.88% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,345 | 2.50% |
| McAlester, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,531 | 3.25% |
| Marshall, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,473 | 3.25% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,947 | 4.38% |
| Coffeyville, KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $5,845 | 4.75% |
Gershman Investment Corp.'s top markets include St. Louis, Tampa, Des Moines, Springfield, and Lincoln among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 5,818 | $1,192,210,000 | $204,917 | $2,744 | 2.95% |
| FHA | 1,967 | $359,145,000 | $182,585 | $6,048 | 3.29% |
| VA | 773 | $204,625,000 | $264,715 | $5,143 | 2.89% |
| USDA | 421 | $59,455,000 | $141,223 | $3,971 | 3.08% |
For the 2021 period, Gershman Investment Corp.'s most frequently originated loan type of loans were Conventional, with 5,818 originations. Their 2nd most popular type is FHA, with 1,967 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 6,562 | $1,325,730,000 | $202,031 | $4,109 | 3.01% |
| Refi | 1,616 | $326,090,000 | $201,788 | $2,453 | 2.96% |
| Cash Out Refi | 801 | $163,615,000 | $204,263 | $3,219 | 3.28% |
For the 2021, Gershman Investment Corp.'s most frequently cited loan purpose of loans were Home Purchase, with 6,562 originations. The 2nd most popular reason of loans were Refi, with 1,616 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 8,077 | $1,669,175,000 | $206,658 | $3,930 | 3.09% |
| 15 Year | 475 | $97,185,000 | $204,600 | $2,455 | 2.67% |
| 10 Year | 206 | $5,260,000 | $25,534 | $323 | 1.41% |
| 20 Year | 148 | $31,200,000 | $210,811 | $2,518 | 2.93% |
| Other | 68 | $12,590,000 | $185,147 | $2,291 | 3.08% |
| 5 Year | 5 | $25,000 | $5,000 | $0 | 0.00% |
For the 2021, Gershman Investment Corp.'s most frequently cited loan length of loans were 30 Year, with 8,077 originations. The 2nd most popular length of loans were 15 Year, with 475 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 5,644 | $1,088,420,000 | $192,845 |
| $1k-2k | 2,652 | $552,460,000 | $208,318 |
| $2k-3k | 397 | $86,735,000 | $218,476 |
| $3k-4k | 198 | $54,070,000 | $273,081 |
| $5k+ | 88 | $33,750,000 | $383,523 |
$3,930 of loans were Gershman Investment Corp.'s average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 5,644 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 4,539 | $932,055,000 | $205,344 |
| 2.5-3% | 2,972 | $659,870,000 | $222,029 |
| <2.5% | 1,058 | $156,380,000 | $147,807 |
| 4-5% | 388 | $66,400,000 | $171,134 |
| 5-6% | 20 | $220,000 | $11,000 |
| 6-7% | 2 | $510,000 | $255,000 |
During 2021, Gershman Investment Corp.'s average interest rate of loans were 3.09%, while their most frequently originated rate bucket of loans were 3-4%, with 4,539 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 3,860 | $584,390,000 | $151,396 | $3,474 | 3.20% |
| $200k-400k | 3,260 | $880,250,000 | $270,015 | $4,547 | 3.12% |
| $100,000 or less | 1,320 | $68,760,000 | $52,091 | $1,841 | 2.29% |
| $400k-600k | 481 | $227,205,000 | $472,360 | $4,811 | 2.98% |
| $600k-1MM | 40 | $28,440,000 | $711,000 | $9,172 | 3.11% |
| $1MM+ | 18 | $26,390,000 | $1,466,111 | $9,107 | 3.22% |
2021 saw Gershman Investment Corp. place emphasis on $100k-200k loans with 3,860 originations, totaling $584,390,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 2,638 | $348,710,000 | $132,187 | $3,259 | 2.93% |
| $50k-75k | 2,586 | $456,110,000 | $176,377 | $3,794 | 3.00% |
| $75k-100k | 1,491 | $331,875,000 | $222,586 | $4,014 | 3.10% |
| $100k-150k | 1,353 | $360,005,000 | $266,079 | $3,994 | 3.13% |
| $150k-250k | 619 | $203,345,000 | $328,506 | $4,130 | 3.13% |
| $250k+ | 209 | $91,345,000 | $437,057 | $4,304 | 3.17% |
Gershman Investment Corp. lent most frequently to those with incomes in the $50k or less range, with 2,638 originations. The second most popular income band? $50k-75k, with 2,586 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,863 | $352,495,000 | $189,208 | $3,042 | 2.87% |
| 30-36% | 1,719 | $325,245,000 | $189,206 | $3,445 | 2.98% |
| <20% | 551 | $108,795,000 | $197,450 | $2,765 | 2.96% |
| 50-60% | 470 | $100,970,000 | $214,830 | $6,289 | 3.17% |
| 44% | 415 | $88,485,000 | $213,217 | $4,118 | 3.19% |
| 39% | 339 | $70,315,000 | $207,419 | $4,029 | 3.11% |
| 43% | 333 | $68,075,000 | $204,429 | $3,830 | 3.07% |
| 38% | 330 | $63,340,000 | $191,939 | $3,652 | 3.04% |
| 42% | 329 | $70,375,000 | $213,906 | $4,078 | 3.16% |
| 41% | 328 | $69,420,000 | $211,646 | $3,940 | 3.13% |
| 37% | 316 | $62,520,000 | $197,848 | $3,814 | 3.02% |
| 40% | 315 | $64,535,000 | $204,873 | $3,981 | 3.12% |
| 36% | 281 | $55,155,000 | $196,281 | $3,667 | 3.10% |
| 49% | 254 | $55,070,000 | $216,811 | $4,551 | 3.17% |
| 48% | 231 | $52,255,000 | $226,212 | $4,687 | 3.23% |
| 46% | 225 | $53,315,000 | $236,956 | $4,277 | 3.11% |
| 45% | 212 | $44,630,000 | $210,519 | $4,279 | 3.18% |
| 47% | 202 | $43,060,000 | $213,168 | $4,186 | 3.21% |
| >60% | 91 | $26,335,000 | $289,396 | $3,304 | 2.87% |
Gershman Investment Corp. lent most frequently to those with DTI ratios of 20-30%, with 1,863 originations. The next most common DTI ratio? 30-36%, with 1,719 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 7,662 | $1,546,850,000 | $201,886 | $3,650 | 3.04% |
| Not provided | 483 | $104,905,000 | $217,195 | $4,063 | 3.03% |
| Black | 525 | $92,805,000 | $176,771 | $4,355 | 2.88% |
| Asian | 250 | $56,890,000 | $227,560 | $4,108 | 2.98% |
| American Indian | 49 | $11,735,000 | $239,490 | $4,425 | 2.95% |
| Native Hawaiian | 10 | $2,250,000 | $225,000 | $4,455 | 3.13% |
Approval Rates
Total approvals of all applications97.34%
Gershman Investment Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination74.85%
Gershman Investment Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 8,979 | $1,815,435,000 | $202,187 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 8,979 | $1,815,435,000 | $202,187 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 139 | $18,715,000 | $134,640 | $2,463 | 2.98% |
| 40-60% | 574 | $108,930,000 | $189,774 | $2,520 | 2.97% |
| 60-80% | 2,079 | $464,165,000 | $223,264 | $2,998 | 3.19% |
| 80-100% | 5,563 | $1,181,845,000 | $212,447 | $4,329 | 3.19% |
| Over 100% | 131 | $38,015,000 | $290,191 | $10,356 | 2.98% |
| Under 20% | 491 | $3,475,000 | $7,077 | $80 | 0.50% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GERSHMAN INVESTMENT CORPORATION | FHA mortgage | Closing on a mortgage | 1 | 100.0% |
