Gsb Mortgage Rates, Fees & InfoGRAPEVINE, TX
Tax ID: 26-1598586
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewGsb Mortgage is a smaller mortgage company specializing in Refi, 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, Houston, Austin, Gainesville, and Oklahoma City among others. We have data for 18 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 an above average pick rate when compared to similar lenders. Gsb Mortgage 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.52%||3/19/23|
|30 Year Conventional Refi||6.27%||3/19/23|
|30 Year Cash-out Refi||6.54%||3/19/23|
|30 Year FHA Purchase||7.50%||3/19/23|
|30 Year VA Purchase||6.60%||3/19/23|
|15 Year Conventional Purchase||5.95%||3/19/23|
|15 Year Conventional Refi||5.89%||3/19/23|
|15 Year Cash-out Refi||5.89%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$122,420,000
Gsb Mortgage's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.06%.
Relative Fees (Closing Costs)
Gsb Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,192.
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.
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)||352||$106,150,000||$301,563||$4,107||2.93%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||18||$5,020,000||$278,889||$3,797||2.89%|
|AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)||10||$2,710,000||$271,000||$3,798||2.91%|
|Outside of Metro Areas||7||$2,435,000||$347,857||$3,621||2.77%|
|Gainesville, TX (FHA|USDA|VA)||3||$1,565,000||$521,667||$6,374||3.17%|
|OKLAHOMA CITY, OK (FHA|USDA|VA)||3||$1,015,000||$338,333||$3,771||3.17%|
|GREENVILLE-ANDERSON, SC (FHA|USDA|VA)||6||$820,000||$136,667||$2,376||3.13%|
|LUBBOCK, TX (FHA|USDA|VA)||2||$480,000||$240,000||$2,854||3.00%|
|PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA)||1||$475,000||$475,000||$2,636||3.13%|
|SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)||1||$395,000||$395,000||$3,259||2.25%|
|Stephenville, TX (FHA|USDA|VA)||1||$275,000||$275,000||$2,728||2.88%|
|Athens, TX (FHA|USDA|VA)||1||$255,000||$255,000||$3,879||2.88%|
|KILLEEN-TEMPLE, TX (FHA|USDA|VA)||1||$215,000||$215,000||$2,760||2.50%|
|COLLEGE STATION-BRYAN, TX (FHA|USDA|VA)||2||$190,000||$95,000||$3,460||2.94%|
|LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA)||1||$135,000||$135,000||$2,279||2.38%|
|SHERMAN-DENISON, TX (FHA|USDA|VA)||1||$115,000||$115,000||$3,150||2.88%|
|Duncan, OK (FHA|USDA|VA)||1||$115,000||$115,000||$3,551||3.25%|
|Vernon, TX (FHA|USDA|VA)||1||$55,000||$55,000||$3,588||2.63%|
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Gsb Mortgage's most frequently originated type of loan was Conventional, with 403 originations. Their 2nd most popular type was FHA, with 5 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||101||$24,695,000||$244,505||$4,447||2.99%|
For 2021, Gsb Mortgage's most frequently cited loan purpose was Refi, with 165 originations. The 2nd most popular reason was Home Purchase, with 146 originations.
For 2021, Gsb Mortgage's most frequently cited loan duration was 30 Year, with 282 originations. The 2nd most popular length was 15 Year, with 79 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Gsb Mortgage's average total fees were $4,192, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 389 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, Gsb Mortgage's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 2.5-3%, with 195 originations.
2021 saw Gsb Mortgage place emphasis on $200k-400k loans with 216 originations, totaling $63,460,000 in origination value.
Gsb Mortgage lent most frequently to those with incomes in the $100k-150k range, with 115 originations. The second most popular income band? $150k-250k, with 90 originations.
Applicant Debt to Income Ratio
Gsb Mortgage lent most frequently to those with DTI ratios of 20-30%, with 99 originations. The next most common DTI ratio? 30-36%, with 77 originations.
Approval RatesTotal approvals of all applications
Gsb Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Gsb Mortgage has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2021 CPFB Complaints||% of Total Issues|
|GSF MORTGAGE CORP||Conventional home mortgage||Applying for a mortgage or refinancing an existing mortgage||1||11.1%|
|GSF MORTGAGE CORP||Conventional home mortgage||Closing on a mortgage||1||11.1%|
|GSF MORTGAGE CORP||Conventional home mortgage||Trouble during payment process||2||22.2%|
|GSF MORTGAGE CORP||FHA mortgage||Incorrect information on your report||1||11.1%|
|GSF MORTGAGE CORP||Other type of mortgage||Trouble during payment process||1||11.1%|
|GSF MORTGAGE CORP||VA mortgage||Closing on a mortgage||2||22.2%|
|GSF MORTGAGE CORP||VA mortgage||Trouble during payment process||1||11.1%|