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:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Gsb Mortgage is a smaller mortgage company specializing in Home Purchase and Refi loans. Gsb Mortgage 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: Dallas, Austin, Greenville, Sherman, and Granbury among others. We have data for 12 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 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 6.69% 12/16/24
    30 Year Conventional Refi 6.73% 12/16/24
    30 Year Cash-out Refi 6.57% 12/16/24
    30 Year FHA Purchase 7.39% 12/16/24
    30 Year FHA Refi 7.03% 12/16/24
    30 Year VA Purchase 6.73% 12/16/24
    15 Year Conventional Purchase 6.07% 12/16/24
    15 Year Conventional Refi 6.25% 12/16/24
    15 Year Cash-out Refi 6.25% 12/16/24
    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

    204

    Origination Dollar Volume (All Markets)

    $56,970,000

    Awards

    GSB MORTGAGE 30 Year Conventional Loans gold
    Show all (1) 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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 182 $52,250,000 $287,088 $4,359 4.17%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $1,285,000 $428,333 $3,285 4.08%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 6 $820,000 $136,667 $2,936 5.31%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $410,000 $205,000 $3,798 4.50%
    Granbury, TX (FHA|USDA|VA) 2 $400,000 $200,000 $5,368 4.63%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $375,000 $375,000 $5,573 4.38%
    Outside of Metro Areas 2 $330,000 $165,000 $4,445 4.50%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $315,000 $315,000 $2,774 4.38%
    Gainesville, TX (FHA|USDA|VA) 1 $275,000 $275,000 $5,713 4.13%
    Vernon, TX (FHA|USDA|VA) 2 $220,000 $110,000 $4,502 4.13%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,901 5.00%
    LUBBOCK, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,168 5.50%
    Gsb Mortgage's top markets include Dallas, Austin, Greenville, Sherman, and Granbury among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (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.

    MEMBERS CHOICE Credit Union
    Similarity Rank: 549
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 707
    AAXY L.L.C.
    Similarity Rank: 848
    TEXAS BAY
    Similarity Rank: 888
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 1060
    TEXANS
    Similarity Rank: 1204
    NEIGHBORHOOD
    Similarity Rank: 1228
    JSC
    Similarity Rank: 1296
    PIKE CREEK MORTGAGE SERVICES, INC.
    Similarity Rank: 1368
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 1475

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 181 $50,585,000 $279,475 $3,832 4.22%
    FHA 16 $3,960,000 $247,500 $7,758 4.32%
    VA 6 $1,720,000 $286,667 $7,032 4.02%
    USDA 1 $705,000 $705,000 $15,598 5.00%

    For 2019, Gsb Mortgage's most frequently originated type of loan was Conventional, with 181 originations. Their 2nd most popular type was FHA, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 113 $32,955,000 $291,637 $4,370 4.33%
    Refi 51 $15,205,000 $298,137 $4,078 4.01%
    Cash Out Refi 40 $8,810,000 $220,250 $4,407 4.21%

    For 2019, Gsb Mortgage's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 162 $46,150,000 $284,877 $4,399 4.33%
    15 Year 34 $9,220,000 $271,176 $3,837 3.81%
    20 Year 4 $950,000 $237,500 $4,032 4.00%
    10 Year 3 $465,000 $155,000 $3,950 3.63%
    Other 1 $185,000 $185,000 $6,231 3.50%

    For 2019, Gsb Mortgage's most frequently cited loan duration was 30 Year, with 162 originations. The 2nd most popular length was 15 Year, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 171 $46,125,000 $269,737
    $2k-3k 11 $3,325,000 $302,273
    $3k-4k 11 $2,725,000 $247,727
    $5k+ 4 $3,210,000 $802,500
    $<1k 2 $220,000 $110,000
    $4k-5k 2 $660,000 $330,000

    Gsb Mortgage's average total fees were $4,399, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 171 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 95 $26,375,000 $277,632
    4-5% 93 $27,605,000 $296,828
    5-6% 16 $2,990,000 $186,875

    During 2019, Gsb Mortgage's average interest rate for loans was 4.33%, while their most frequently originated rate bucket for loans was 3-4%, with 95 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 113 $31,535,000 $279,071 $4,420 4.19%
    $100k-200k 51 $7,975,000 $156,373 $3,773 4.37%
    $400k-600k 26 $12,100,000 $465,385 $4,594 4.01%
    $100,000 or less 9 $715,000 $79,444 $3,227 4.36%
    $600k-1MM 3 $2,005,000 $668,333 $8,140 4.67%
    $1MM+ 2 $2,640,000 $1,320,000 $5,535 4.31%

    2019 saw Gsb Mortgage place emphasis on $200k-400k loans with 113 originations, totaling $31,535,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 64 $18,030,000 $281,719 $4,299 4.25%
    $150k-250k 44 $15,130,000 $343,864 $4,747 4.11%
    $50k-75k 32 $5,780,000 $180,625 $3,999 4.24%
    $75k-100k 30 $6,960,000 $232,000 $4,342 4.25%
    $250k+ 26 $9,950,000 $382,692 $3,864 4.33%
    $50k or less 8 $1,120,000 $140,000 $4,329 4.17%

    Gsb Mortgage lent most frequently to those with incomes in the $100k-150k range, with 64 originations. The second most popular income band? $150k-250k, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 47 $13,825,000 $294,149 $3,873 4.09%
    30-36% 39 $9,285,000 $238,077 $4,014 4.21%
    <20% 24 $7,150,000 $297,917 $3,540 4.22%
    40% 11 $3,355,000 $305,000 $5,394 4.49%
    43% 10 $2,800,000 $280,000 $4,208 4.55%
    42% 9 $2,455,000 $272,778 $4,179 4.15%
    37% 9 $2,295,000 $255,000 $4,790 4.28%
    39% 8 $2,090,000 $261,250 $3,686 4.13%
    47% 7 $2,405,000 $343,571 $5,361 4.13%
    36% 7 $1,635,000 $233,571 $3,504 4.70%
    41% 6 $1,810,000 $301,667 $5,200 3.96%
    44% 6 $1,920,000 $320,000 $4,734 3.96%
    49% 5 $1,315,000 $263,000 $4,916 4.88%
    45% 4 $1,140,000 $285,000 $5,716 4.06%
    38% 4 $1,220,000 $305,000 $4,716 3.81%
    46% 3 $585,000 $195,000 $4,999 4.08%
    50-60% 3 $625,000 $208,333 $6,943 4.58%
    48% 2 $1,060,000 $530,000 $9,334 4.63%

    Gsb Mortgage lent most frequently to those with DTI ratios of 20-30%, with 47 originations. The next most common DTI ratio? 30-36%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 153 $42,305,000 $276,503 $4,269 4.24%
    Not provided 38 $10,140,000 $266,842 $4,236 4.15%
    Black 7 $3,065,000 $437,857 $6,561 4.36%
    Asian 4 $1,050,000 $262,500 $2,938 3.97%
    American Indian 2 $410,000 $205,000 $2,945 4.25%

    Approval Rates

    Total approvals of all applications
    96.82%

    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
    95.59%

    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
    NA 204 $56,970,000 $279,265

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 204 $56,970,000 $279,265

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $1,250,000 $156,250 $3,897 3.80%
    40-60% 16 $3,450,000 $215,625 $3,718 4.12%
    60-80% 92 $25,880,000 $281,304 $3,954 4.26%
    80-100% 83 $25,135,000 $302,831 $4,786 4.24%
    Over 100% 4 $1,180,000 $295,000 $5,687 4.28%
    Under 20% 1 $75,000 $75,000 $2,503 4.50%