Gsb Mortgage Rates, Fees & Info

GRAPEVINE, TX

LEI: 549300X844WCY1CCL322

Tax ID: 26-1598586

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

Jump to:

Mortgage Data

Review & Overview

Gsb Mortgage is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Gsb Mortgage has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dallas, Fredericksburg, St. Louis, Houston, and Austin among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

Gsb Mortgage 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.

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 6.69% 10/13/24
30 Year Conventional Refi 6.73% 10/13/24
30 Year Cash-out Refi 6.57% 10/13/24
30 Year FHA Purchase 7.39% 10/13/24
30 Year FHA Refi 7.03% 10/13/24
30 Year VA Purchase 6.73% 10/13/24
15 Year Conventional Purchase 6.07% 10/13/24
15 Year Conventional Refi 6.25% 10/13/24
15 Year Cash-out Refi 6.25% 10/13/24
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.

Gsb Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Gsb Mortgage. 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

93

Origination Dollar Volume (All Markets)

$41,705,000

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 63 $29,235,000 $464,048 $7,009 0.00%
Outside of Metro Areas 11 $6,575,000 $597,727 $8,663 0.00%
Fredericksburg, TX (FHA|USDA|VA) 3 $1,075,000 $358,333 $5,167 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $740,000 $370,000 $5,034 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $725,000 $725,000 $3,852 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $505,000 $505,000 $9,621 0.00%
Jacksonville, TX (FHA|USDA|VA) 1 $495,000 $495,000 $5,104 0.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $445,000 $445,000 $8,758 0.00%
Granbury, TX (FHA|USDA|VA) 1 $415,000 $415,000 $2,959 0.00%
Vernon, TX (FHA|USDA|VA) 2 $300,000 $150,000 $4,106 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $295,000 $295,000 $9,936 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $255,000 $255,000 $7,821 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $165,000 $165,000 $2,674 0.00%
Gainesville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,700 0.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $145,000 $145,000 $3,278 0.00%
McAlester, OK (FHA|USDA|VA) 1 $95,000 $95,000 $4,206 0.00%
Athens, TX (FHA|USDA|VA) 1 $85,000 $85,000 $4,957 0.00%
Gsb Mortgage's top markets include Dallas, Fredericksburg, St. Louis, Houston, and Austin among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against GSB MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    AMOCO
    Similarity Rank: 258
    GIBRALTAR MORTGAGE SERVICES, LLC
    Similarity Rank: 360
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 714
    DATCU
    Similarity Rank: 981
    PRIMEWAY
    Similarity Rank: 1048
    HOMEWAY MORTGAGE LLC
    Similarity Rank: 1050
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 1050
    FIRST SERVICE Credit Union
    Similarity Rank: 1054
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 1275

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 89 $40,525,000 $455,337 $6,748 0.00%
    FHA 3 $845,000 $281,667 $10,911 0.00%
    VA 1 $335,000 $335,000 $4,947 0.00%

    For 2023, Gsb Mortgage's most frequently originated type of loan was Conventional, with 89 originations. Their 2nd most popular type was FHA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $29,830,000 $466,094 $6,455 0.00%
    Cash Out Refi 24 $9,190,000 $382,917 $7,389 0.00%
    Refi 5 $2,685,000 $537,000 $9,496 0.00%

    For 2023, Gsb Mortgage's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 93 $41,705,000 $448,441 $6,864 0.00%

    For 2023, Gsb Mortgage's most frequently cited loan duration was Other, with 93 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 43 $21,775,000 $506,395
    $5k+ 20 $11,060,000 $553,000
    $3k-4k 12 $3,050,000 $254,167
    $2k-3k 9 $2,845,000 $316,111
    $4k-5k 8 $2,790,000 $348,750

    Gsb Mortgage's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 43 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 38 $10,830,000 $285,000 $6,285 0.00%
    $400k-600k 19 $9,435,000 $496,579 $7,037 0.00%
    $100k-200k 14 $2,230,000 $159,286 $4,744 0.00%
    $600k-1MM 9 $6,335,000 $703,889 $7,350 0.00%
    $1MM+ 7 $12,415,000 $1,773,571 $15,350 0.00%
    $100,000 or less 6 $460,000 $76,667 $3,941 0.00%

    2023 saw Gsb Mortgage place emphasis on $200k-400k loans with 38 originations, totaling $10,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 22 $8,450,000 $384,091 $6,245 0.00%
    $250k+ 22 $20,800,000 $945,455 $9,177 0.00%
    $100k-150k 21 $6,485,000 $308,810 $6,766 0.00%
    $75k-100k 15 $3,915,000 $261,000 $6,376 0.00%
    $50k-75k 9 $1,685,000 $187,222 $4,977 0.00%
    $50k or less 4 $370,000 $92,500 $4,110 0.00%

    Gsb Mortgage lent most frequently to those with incomes in the $150k-250k range, with 22 originations. The second most popular income band? $250k+, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 93 $41,705,000 $448,441 $6,864 0.00%

    Gsb Mortgage lent most frequently to those with DTI ratios of Exempt%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 66 $27,670,000 $419,242 $6,602 0.00%
    Not provided 22 $10,640,000 $483,636 $7,959 0.00%
    Black 2 $2,400,000 $1,200,000 $3,746 0.00%
    Asian 1 $565,000 $565,000 $10,608 0.00%
    American Indian 2 $430,000 $215,000 $4,576 0.00%

    Approval Rates

    Total approvals of all applications
    99.07%

    Gsb Mortgage 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
    86.02%

    Gsb Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 93 $41,705,000 $448,441

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    93 $41,705,000 $448,441