Gershman Investment Corp. Mortgage Rates, Fees & Info
LITTLE ROCK, ARLEI: 549300NB3SBC1KHAWB92
Tax ID: 43-0710608
Latest/2023 | 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 and Refi 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 Omaha among others. We have data for 87 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 | 6.65% | 11/21/24 |
| 30 Year Conventional Refi | 6.65% | 11/21/24 |
| 30 Year Cash-out Refi | 6.93% | 11/21/24 |
| 30 Year FHA Purchase | 7.64% | 11/21/24 |
| 30 Year FHA Refi | 7.24% | 11/21/24 |
| 30 Year VA Purchase | 6.47% | 11/21/24 |
| 30 Year VA Refi | 6.57% | 11/21/24 |
| 30 Year USDA Purchase | 7.01% | 11/21/24 |
| 30 Year USDA Refi | 6.71% | 11/21/24 |
| 15 Year Conventional Purchase | 6.05% | 11/21/24 |
| 15 Year Conventional Refi | 6.43% | 11/21/24 |
| 15 Year Cash-out Refi | 6.43% | 11/21/24 |
| 15 Year FHA Purchase | 5.68% | 11/21/24 |
| 15 Year FHA Refi | 5.68% | 11/21/24 |
| 15 Year VA Refi | 5.60% | 11/21/24 |
| 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. | ||
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
4,303Origination Dollar Volume (All Markets)
$814,465,000Awards
GERSHMAN INVESTMENT CORP. - 2019
GERSHMAN INVESTMENT CORP. is a 2019 , due to their low .
For 2019, 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.
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) | 1,617 | $320,605,000 | $198,271 | $3,633 | 4.15% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 552 | $114,510,000 | $207,446 | $3,310 | 3.93% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 435 | $101,055,000 | $232,310 | $5,807 | 4.28% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 593 | $97,685,000 | $164,730 | $3,876 | 4.24% |
| Outside of Metro Areas | 368 | $52,920,000 | $143,804 | $3,739 | 4.36% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 82 | $14,240,000 | $173,659 | $3,494 | 4.04% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 41 | $10,565,000 | $257,683 | $2,694 | 4.04% |
| Branson, MO (FHA|USDA|VA) | 53 | $9,345,000 | $176,321 | $4,087 | 4.44% |
| Sedalia, MO (FHA|USDA|VA) | 56 | $8,930,000 | $159,464 | $3,036 | 4.21% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 61 | $8,355,000 | $136,967 | $2,602 | 4.35% |
| COLUMBIA, MO (FHA|USDA|VA) | 39 | $7,325,000 | $187,821 | $4,234 | 4.11% |
| AMES, IA (FHA|USDA|VA) | 40 | $6,280,000 | $157,000 | $3,883 | 3.93% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 25 | $5,315,000 | $212,600 | $5,649 | 4.39% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 35 | $4,985,000 | $142,429 | $3,164 | 4.37% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 11 | $4,805,000 | $436,818 | $3,940 | 4.18% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 12 | $3,140,000 | $261,667 | $4,712 | 4.36% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 21 | $2,655,000 | $126,429 | $4,151 | 4.29% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 21 | $2,475,000 | $117,857 | $2,629 | 4.37% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 13 | $2,455,000 | $188,846 | $4,377 | 4.05% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $2,110,000 | $351,667 | $5,017 | 4.00% |
| Poplar Bluff, MO (FHA|USDA|VA) | 15 | $2,055,000 | $137,000 | $3,706 | 4.28% |
| West Plains, MO (FHA|USDA|VA) | 13 | $1,715,000 | $131,923 | $3,815 | 4.36% |
| Rolla, MO (FHA|USDA|VA) | 8 | $1,710,000 | $213,750 | $2,956 | 4.05% |
| Taylorville, IL (FHA|USDA|VA) | 16 | $1,600,000 | $100,000 | $3,204 | 4.23% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 7 | $1,495,000 | $213,571 | $6,425 | 3.89% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 10 | $1,420,000 | $142,000 | $4,519 | 4.21% |
| Farmington, MO (FHA|USDA|VA) | 10 | $1,280,000 | $128,000 | $4,475 | 4.46% |
| Pella, IA (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $3,452 | 3.83% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 7 | $995,000 | $142,143 | $2,942 | 4.71% |
| JOPLIN, MO (FHA|USDA|VA) | 7 | $925,000 | $132,143 | $3,367 | 4.27% |
| Marshalltown, IA (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $3,791 | 3.91% |
| Warrensburg, MO (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $6,153 | 4.03% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $4,907 | 4.45% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $5,334 | 4.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $9,804 | 4.71% |
| LINCOLN, NE (FHA|USDA|VA) | 6 | $850,000 | $141,667 | $3,085 | 3.98% |
| DECATUR, IL (FHA|USDA|VA) | 7 | $785,000 | $112,143 | $2,784 | 4.30% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $5,172 | 4.21% |
| Galesburg, IL (FHA|USDA|VA) | 7 | $685,000 | $97,857 | $3,500 | 4.54% |
| Steamboat Springs, CO (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $2,212 | 4.06% |
| Effingham, IL (FHA|USDA|VA) | 5 | $635,000 | $127,000 | $3,508 | 4.85% |
| Quincy, IL-MO (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $4,592 | 4.66% |
| Murray, KY (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $2,590 | 3.83% |
| Jacksonville, IL (FHA|USDA|VA) | 6 | $550,000 | $91,667 | $2,727 | 4.67% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,988 | 4.13% |
| Beatrice, NE (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,245 | 3.56% |
| Centralia, IL (FHA|USDA|VA) | 5 | $455,000 | $91,000 | $2,586 | 4.60% |
| Kirksville, MO (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,237 | 3.81% |
| Salina, KS (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,700 | 3.81% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,783 | 3.88% |
| Harrison, AR (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $1,172 | 4.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,304 | 3.88% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,860 | 4.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,742 | 3.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,739 | 4.00% |
| McPherson, KS (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $6,091 | 3.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,862 | 5.06% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,195 | 4.00% |
| Ottumwa, IA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,701 | 4.38% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,102 | 3.88% |
| Oskaloosa, IA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,350 | 3.69% |
| Sikeston, MO (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $2,603 | 4.08% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,220 | 5.00% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,303 | 3.88% |
| Fort Dodge, IA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,497 | 3.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,612 | 3.50% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,833 | 4.38% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,067 | 4.38% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,932 | 3.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,575 | 4.25% |
| Fremont, NE (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,998 | 4.06% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,423 | 3.63% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,130 | 3.63% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,228 | 4.13% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,445 | 5.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $998 | 4.25% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,495 | 3.50% |
| Mount Vernon, IL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $1,531 | 4.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,383 | 4.00% |
| Mexico, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,443 | 4.75% |
| Columbus, NE (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,153 | 4.63% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,702 | 4.50% |
| Emporia, KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,823 | 4.13% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,187 | 4.75% |
| Moberly, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,219 | 4.25% |
| Mason City, IA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,321 | 5.50% |
| Marshall, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,908 | 4.38% |
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: 63
Similarity Rank: 110
Similarity Rank: 126
Similarity Rank: 141
Similarity Rank: 160
Similarity Rank: 190
Similarity Rank: 275
Similarity Rank: 276
Similarity Rank: 302
Similarity Rank: 351
Product Mix
For 2019, Gershman Investment Corp.'s most frequently originated type of loan was Conventional, with 2,158 originations. Their 2nd most popular type was FHA, with 1,257 originations.
Loan Reason
For 2019, Gershman Investment Corp.'s most frequently cited loan purpose was Home Purchase, with 3,253 originations. The 2nd most popular reason was Refi, with 720 originations.
Loan Duration/Length
For 2019, Gershman Investment Corp.'s most frequently cited loan duration was 30 Year, with 4,027 originations. The 2nd most popular length was 15 Year, with 149 originations.
Origination Fees/Closing Costs
Gershman Investment Corp.'s average total fees were $3,961, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,853 originations.
Interest Rates
During 2019, Gershman Investment Corp.'s average interest rate for loans was 4.22%, while their most frequently originated rate bucket for loans was 4-5%, with 2,021 originations.
Loan Sizing
2019 saw Gershman Investment Corp. place emphasis on $100k-200k loans with 2,058 originations, totaling $308,680,000 in origination value.
Applicant Income
Gershman Investment Corp. lent most frequently to those with incomes in the $50k or less range, with 1,285 originations. The second most popular income band? $50k-75k, with 1,238 originations.
Applicant Debt to Income Ratio
Gershman Investment Corp. lent most frequently to those with DTI ratios of 20-30%, with 825 originations. The next most common DTI ratio? 30-36%, with 783 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.77%
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 origination75.32%
Gershman Investment Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,303 | $814,465,000 | $189,278 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 70 | $9,660,000 | $138,000 |
| Single Family (1-4 Units):Site-Built | 4,233 | $804,805,000 | $190,126 |