Gershman Investment Corp. Mortgage Rates, Fees & Info

LITTLE ROCK, AR

LEI: 549300NB3SBC1KHAWB92

Tax ID: 43-0710608

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • Origination Fees (Closing Costs)

    • 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 134 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.65% 4/18/24
    30 Year Conventional Refi 6.65% 4/18/24
    30 Year Cash-out Refi 6.93% 4/18/24
    30 Year FHA Purchase 7.64% 4/18/24
    30 Year FHA Refi 7.24% 4/18/24
    30 Year VA Purchase 6.47% 4/18/24
    30 Year VA Refi 6.57% 4/18/24
    30 Year USDA Purchase 7.01% 4/18/24
    30 Year USDA Refi 6.71% 4/18/24
    15 Year Conventional Purchase 6.05% 4/18/24
    15 Year Conventional Refi 6.43% 4/18/24
    15 Year Cash-out Refi 6.43% 4/18/24
    15 Year FHA Purchase 5.68% 4/18/24
    15 Year FHA Refi 5.68% 4/18/24
    15 Year VA Refi 5.60% 4/18/24
    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

    8,979

    Origination Dollar Volume (All Markets)

    $1,815,435,000
    Show all (21) awards

    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) 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, KY (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.

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

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    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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Gershman Investment Corp.'s most frequently originated type of loan was Conventional, with 5,818 originations. Their 2nd most popular type was FHA, with 1,967 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Gershman Investment Corp.'s most frequently cited loan purpose was Home Purchase, with 6,562 originations. The 2nd most popular reason was 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 2021, Gershman Investment Corp.'s most frequently cited loan duration was 30 Year, with 8,077 originations. The 2nd most popular length was 15 Year, with 475 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 132 $35,380,000 $268,030
    $5k+ 88 $33,750,000 $383,523
    $4k-5k 66 $18,690,000 $283,182

    Gershman Investment Corp.'s average total fees were $3,930, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.09%, while their most frequently originated rate bucket for loans was 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 or Islander 10 $2,250,000 $225,000 $4,455 3.13%

    Approval Rates

    Total approvals of all applications
    97.20%

    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 origination
    73.99%

    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%