Gsb Mortgage Rates, Fees & Info
GRAPEVINE, TXLEI: 549300X844WCY1CCL322
Tax ID: 26-1598586
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Mortgage Data
Review & Overview
Gsb Mortgage is a smaller mortgage company specializing in Refi and Home Purchase 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, Granbury, and Sherman among others. We have data for 26 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
535Origination Dollar Volume (All Markets)
$143,235,000Awards
GSB MORTGAGE - 2020
GSB MORTGAGE is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 471 | $128,865,000 | $273,599 | $3,759 | 3.05% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 12 | $2,870,000 | $239,167 | $3,829 | 2.76% |
| Outside of Metro Areas | 7 | $1,995,000 | $285,000 | $4,019 | 2.98% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $1,345,000 | $269,000 | $4,108 | 2.93% |
| Granbury, TX (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $3,304 | 2.78% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $4,168 | 3.15% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $5,125 | 3.58% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $3,655 | 3.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,745 | 2.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,932 | 2.56% |
| Vernon, TX (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $3,715 | 2.92% |
| AMES, IA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,282 | 2.69% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $3,206 | 2.96% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,126 | 3.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,999 | 3.25% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,627 | 3.88% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,123 | 3.00% |
| Athens, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,724 | 2.75% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,084 | 3.63% |
| WACO, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,432 | 2.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,142 | 3.88% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,095 | 2.88% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,672 | 2.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,287 | 4.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,813 | 2.63% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,827 | 4.13% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 520 | $139,550,000 | $268,365 | $3,695 | 3.04% |
| FHA | 11 | $2,635,000 | $239,545 | $7,345 | 2.91% |
| VA | 4 | $1,050,000 | $262,500 | $4,102 | 3.25% |
For 2020, Gsb Mortgage's most frequently originated type of loan was Conventional, with 520 originations. Their 2nd most popular type was FHA, with 11 originations.
Loan Reason
For 2020, Gsb Mortgage's most frequently cited loan purpose was Refi, with 280 originations. The 2nd most popular reason was Home Purchase, with 139 originations.
Loan Duration/Length
For 2020, Gsb Mortgage's most frequently cited loan duration was 30 Year, with 351 originations. The 2nd most popular length was 15 Year, with 115 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 507 | $135,835,000 | $267,919 |
| $2k-3k | 18 | $4,830,000 | $268,333 |
| $3k-4k | 5 | $1,355,000 | $271,000 |
| $4k-5k | 3 | $955,000 | $318,333 |
Gsb Mortgage's average total fees were $3,804, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 507 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 234 | $64,780,000 | $276,838 |
| 3-4% | 202 | $53,750,000 | $266,089 |
| <2.5% | 79 | $19,675,000 | $249,051 |
| 4-5% | 19 | $4,795,000 | $252,368 |
| 5-6% | 1 | $235,000 | $235,000 |
During 2020, Gsb Mortgage's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 2.5-3%, with 234 originations.
Loan Sizing
2020 saw Gsb Mortgage place emphasis on $200k-400k loans with 290 originations, totaling $81,540,000 in origination value.
Applicant Income
Gsb Mortgage lent most frequently to those with incomes in the $150k-250k range, with 145 originations. The second most popular income band? $100k-150k, with 125 originations.
Applicant Debt to Income Ratio
Gsb Mortgage lent most frequently to those with DTI ratios of 20-30%, with 155 originations. The next most common DTI ratio? 30-36%, with 105 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.44%
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 origination93.64%
Gsb Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 535 | $143,235,000 | $267,729 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 535 | $143,235,000 | $267,729 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GSF MORTGAGE CORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 15.4% |
| GSF MORTGAGE CORP | Conventional home mortgage | Trouble during payment process | 3 | 23.1% |
| GSF MORTGAGE CORP | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 15.4% |
| GSF MORTGAGE CORP | FHA mortgage | Trouble during payment process | 1 | 7.7% |
| GSF MORTGAGE CORP | Other type of mortgage | Trouble during payment process | 1 | 7.7% |
| GSF MORTGAGE CORP | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 23.1% |
| GSF MORTGAGE CORP | VA mortgage | Trouble during payment process | 1 | 7.7% |