GSB Mortgage Interest Rate and Cost Review

Is GSB Mortgage a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by GSB Mortgage to those of other lenders for a comparable set of borrowers. Here is our review of GSB Mortgage nationally:

Review ItemGSB Mortgage
Interest Ratesimilar to other lenders (-0.01%)
Loan Related Closing Costssimilar to other lenders (-$96)
National Rate and Closing Cost Star Rating(3.5)

On average, GSB Mortgage’s interest rates were similar to those of other lenders (-0.01%). Its loan related closing costs were also similar to those of other lenders, with a difference of -$96. Overall, combining interest rates and closing costs we estimate that GSB Mortgage tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3.5 out of 5 stars.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit GSB Mortgage, check out its website at:

GSB Mortgage’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track GSB Mortgage was most active in:

  1. Fort Worth, TX
  2. Frisco, TX
  3. Dallas, TX
  4. Simpsonville, SC
  5. Austin, TX

GSB Mortgage’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, GSB Mortgage originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA and Jumbo mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference+0.01%+0.01%+0.01%+0.00%+0.01%
Loan Related Closing Cost Difference-$13+$14+$42+$0+$58
Cost Adjusted Rate Difference+0.01%+0.01%+0.01%+0.00%+0.01%
National Star Rating(3.5)(3.5)(3.5)(3.5)(3.5)
Refinance MortgagesConformingFHAJumbo
Interest Rate Difference-0.04%-0.01%+0.01%
Loan Related Closing Cost Difference-$209+$24+$6
Cost Adjusted Rate Difference-0.05%-0.01%+0.01%
Average Star Rating(4)(3.5)(3.5)

As a summary, GSB Mortgage is similar to other lenders for Conforming, FHA, Jumbo, USDA and VA purchase mortgages. For refinancing mortgages, GSB Mortgage is cheap for Conforming mortgage refinance. It is similar to other lenders for FHA and Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about GSB Mortgage:

Registered name: GSB Mortgage Inc
Registered city and state: Grapevine, TX, 76051
Regulator: Federal Deposit Insurance Corporation (FDIC)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for GSB Mortgage’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.