Gershman Investment Corp. Mortgage Rates, Fees & Info
LITTLE ROCK, ARLEI: 549300NB3SBC1KHAWB92
Tax ID: 43-0710608
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Mortgage Data
Review & Overview
Gershman Investment Corp. is a small mortgage company specializing in 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.65% | 3/27/23 |
| 30 Year Conventional Refi | 6.65% | 3/27/23 |
| 30 Year Cash-out Refi | 6.93% | 3/27/23 |
| 30 Year FHA Purchase | 7.64% | 3/27/23 |
| 30 Year FHA Refi | 7.24% | 3/27/23 |
| 30 Year VA Purchase | 6.47% | 3/27/23 |
| 30 Year VA Refi | 6.57% | 3/27/23 |
| 30 Year USDA Purchase | 7.01% | 3/27/23 |
| 30 Year USDA Refi | 6.71% | 3/27/23 |
| 15 Year Conventional Purchase | 6.05% | 3/27/23 |
| 15 Year Conventional Refi | 6.43% | 3/27/23 |
| 15 Year Cash-out Refi | 6.43% | 3/27/23 |
| 15 Year FHA Purchase | 5.68% | 3/27/23 |
| 15 Year FHA Refi | 5.68% | 3/27/23 |
| 15 Year VA Refi | 5.60% | 3/27/23 |
| 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. | ||
Originations
4,805Origination Dollar Volume (All Markets)
$1,055,305,000Awards
GERSHMAN INVESTMENT CORP. - 2022
GERSHMAN INVESTMENT CORP. is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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/JEFFERSON COUNTY, KY-IN (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% |
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Product Mix
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
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
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
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
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
2022 saw Gershman Investment Corp. place emphasis on $200k-400k loans with 1,888 originations, totaling $521,190,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications94.01%
Gershman Investment Corp. has an average approval rate.
Pick Rate
Approvals leading to origination69.05%
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 |