Guardian Savings Bank Mortgage Review

Joseph Meyer
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History of Guardian Savings Bank

Guardian Savings Bank was established in 1914. The company was founded by a small group of banking industry pioneers and remains a family owned company today. In fact, they were one of the very first banks to be founded in California, building their roots upon the rock of hard work and values established by one generation and passed to the next.

Guardian Savings Bank is both regulated and FDIC-insured, with all of the authority and protection that these two programs have to offer. The bank earns an A+ rating from Bauer Financial and has over 21,000 customers. With a history that stretches back to 1914, you can trust that Guardian Savings Bank will be around to offer you a variety of expert financial products, including a mortgage.

Current Guardian Savings Bank Mortgage Rates

Guardian Savings Bank Mortgages

Guardian Savings Bank is an Illinois-based bank, founded in 1985. The bank offers a range of banking products to its customers, including home equity loans, credit cards, personal loans and business loans. The bank also offers mortgages starting as low as 3.25% APR, which is a competitive rate offered by a mainstream lender.

Guardian Savings Bank is a bank, which is important to know if you are searching to buy a mortgage, since it offers more than just a mortgage. You can get an auto loan, though they seem more geared to credit cards. The bank can help you even if you are in need of personal loans or home equity loans. All of that should give you confidence that the bank has your back in various financial situations.

When it comes to mortgages, Guardian Savings Bank is a great option for a mainstream bank. A current coupon rate is 5.25% for those who can put up at least 20% down on a purchase. The loan is also flexible in terms of the down payment, which can be as low as 3.25%. The loan is also given in a variety of lengths that provide flexibility on payments.

Fixed-Rate Loans

If you’re a homeowner, you’ve probably shopped around for the best fixed-rate mortgage and you know how tough it can be to find a competitive rate. I recently got my postcard flyer from Guardian Savings Bank saying they could save me a hundred dollars a month. They have got a great rate on a 30-year fixed-rate mortgage. I called for more details and decided to check into it further.

Most mortgage lenders don’t offer a 30-year fixed-rate loan, which makes their rates so attractive. With rates still low, that hundred dollars a month in savings could really add up. I decided to decide if they really could do any better than my current lender. I figured if they could, I would know for sure if it was worth switching mortgage companies.

Guardian has offered some good rates over the last year and I decided to take a look and see if they could save me any money. The Guardian Savings Company is based in Seattle, and they prefer to deal with local customers. Even though they do not have a store front, they are open to customers by phone or by mail. Their business hours are Monday‗Friday, 8‖5; or Saturday, 9‖1. They offer up to 30-year fixed loan rates at competitive prices and no points.

Guardian Savings Bank Adjustable-Rate Loans

If you’re looking to finance home renovations, a vacation home, or a home for your child going away to college, there are a lot of factors to consider.

Among these are the interest rate, loan term, and any points required to secure the loan – or if you’re a more imaginative borrower, perhaps you’ve even daydreamed about buying a home with a home equity loan. But don’t forget about credit – this is the key to getting any loan, and you shouldn’t leave your house purchase to chance.

If you’re planning on purchasing a new home, then you’ll need to put down a sizeable deposit, and credit can make or break your ability to do so.

Of course, each bank and mortgage lender has its own rating criteria, so you’ll need to factor that into your decision as well. Overall, however, a high FICO score will help you qualify for a home loan faster with a lower interest rate.

Perhaps a lower rate sounds right for your current financial situation… and while you’re at it, why not lower your credit cards interest as well?

Guardian Savings Bank Balloon Loans

Guardian Savings Bank’s most popular home loan product is its balloon mortgage product, a loan with a low initial fixed-rate interest rate that comes with a higher interest rate after a set amount of time. Guardian Savings Bank’s balloon loan can only have a balloon once. If a borrower realizes he or she wants another balloon, he or she has to get another mortgage.

The low fixed-rate period of Guardian’s balloon loan lasts for 23 months with the rate at 4.775 percent. After this period ends, the interest rate balloons to 7.795 percent.

The balloon feature on Guardian Savings Bank’s mortgage loan product is a nice guarantee that a borrower does not have to worry. Borrowers do not have the risk of financial strain of paying off the loan before the balloon period ends. This is because Guardian’s balloon loan has a 3 percent prepayment penalty.

Although Guardian’s balloon loan does have a prepayment penalty, it also has a balloon payment option. This allows borrowers to pay off the loan early before the balloon payment date. Borrowers that are taking advantage of the balloon payment option will have to pay the outstanding principal balance plus a prepayment penalty equal to six months of interest.

Guardian Savings Bank Jumbo Loans

Guardian Savings Bank offers jumbo loans with minimal mortgage insurance, in most cases. Currently Guardian charges mortgage insurance on all jumbo loan purchases. While the rates are affordable, several of our contributors have reported that Guardian is a somewhat difficult lender to work with. Also, the annual percentage rates on the jumbo loans are often higher than those of other jumbo lenders.

Reviews are mostly positive across the board. Guardian’s major shortcoming is that it can be hard to work with. Also, its rates and fees are somewhat higher than its competition with the same 30-year fixed jumbo loan.

In general, Guardian’s jumbo loans are well reviewed by most of our contributors. We rate Guardian as a recommend lender with the overall consensus that it is a relatively good choice for borrowers to explore when shopping for premium jumbo loans.

Guardian Savings Bank FHA Loans

If you are a first time home buyer or looking to refinance your current loan, you may have heard that.

FHA loans are an affordable housing option. If you have an FHA loan with Guardian Savings Bank, you may be wondering if it is right for you.

If you are part of this group, read on to learn more about what to expect if you are looking for an FHA refinance loan and what this loan offers you as a home buyer.

An FHA loan is a loan insured by the Federal Housing Administration which allows lower-income borrowers to get traditional mortgage loans with lower down payments and fewer credit qualifications.

As a home buyer, an FHA loan may be a great option for you, especially if you have less than 20% equity in your home or if you have unfavorable credit. It will allow you to live in the home and make payments until the home value increases to a point where the loan to value percentage decreases.

Guardian Savings Bank offers FHA-insured mortgage loans on the following terms:

Term: Up to 30 year fixed or 15 year fixed-rate

Loan amount: Conventional, FHA, VA loans

Interest rate: Conventional, FHA, VA loans

Down payment: 3.5% minimum down payment

Property Location: In state, Out of state (in-state preferred)

Guardian Savings Bank VA Loans

Guardian Savings Bank has been around since 1933. The bank is owned by Guardian Group and is based in St. Louis, Missouri. The bank has been FDIC insured since the 1950’s and has an A+ rating with the Better Business Bureau.

As for standardized qualifications, the bank uses Fannie Mae and Freddie Mac’s program guidelines to determine the general qualifications for anyone wishing to apply. Guardian Savings Bank also says that they have a variety of loan programs for their clients, and all of these have different criteria.

The benefit of using Guardian Savings Bank is the fully experienced loan officers. They have been able to help countless people secure an affordable mortgage, including those who may have had a low credit score or no money for a down payment. The loan officers take extra care with each of their client’s needs and ensure that they secure the right loan for the right amount and rate. After that is done, the individual is able to receive independently affordable mortgage payments.

Guardian Savings Bank Interest Only Loans

Guardian Savings Bank offers loans with either a fixed- or variable-rate. This is in contrast to many banks, which issue loans with a fixed-rate and use an adjustable-rate mortgage to determine the interest rate on the refinance. The rate on a Guardian Savings Bank mortgage can adjust monthly, semi-annually or annually. If you choose an interest-only mortgage, the payments are variable and will adjust in accordance with an index such as the one that gets quoted on LIBOR. The margin between the two rates will be the same regardless of whether the loan is fixed or adjustable.

Guardian Savings Bank mortgages are typically set up for a term of 25 years. This term is short for mortgages. Guardian Savings will allow you to increase the term at will during the first three years of the mortgage. After the first three years, however, it will only do so if you close the loan out entirely. If you do not close the loan out, the end of term is the only time you will be able to extend the term of the mortgage.

This is an interesting approach that will make it hard to predict the cost of the mortgage in the long term … and harder still to predict the cost of future interest rate fixes. It also prevents your mortgage rate from automatically adjusting to a lower rate at the end of a term, the way a fixed-rate mortgage would do.

Guardian Savings Bank Bond Loans

Guardian Savings Bank is a bank that mainly focuses on East Coast thrift stores, which necessitated its relocation to new headquarters in Ohio in the '60s.

The Ohio headquarters allows Guardian Savings Bank to oversee its network of banks in four different states. These banks provide home loans that can be used for up to 65% GSF of the mortgage on 1-to-4 family homes. Their product suite consists of Servicing Loans, Home Equity, Foreclosed Property Loans, and Personal Loans.

Guardian Savings Bank Construction/Permanent Loans

If you are looking for a loan to finance your construction or permanent home, Guardian has some really favorable rates.

Guardian Savings Bank offers low fixed rates of 3.00%* up to 10 years and 3.25%* up to 14 years. Most of the new loan programs are fixed rate, 10- to 15-year terms.

They offer a 30-year mortgages with a fixed rate of 3.25%. This is a good option for people who plan to keep the mortgage for a long period of time.

For those who prefer an adjustable rate mortgage, the bank offers a range of fixed-index products. Guardian Savings Bank takes the average of the three-month LIBOR plus a fixed margin and adds the result to the published reference rate from the rate curves. Their initial rate is lower and floor rate is higher.

Probably many of you have never heard about Guardian Savings Bank. The bank is a branch of the Guardian family that operates serving the Puget Sound region. The bank has been providing top-level service since 1987. Currently, Guardian Savings Bank offers a wide range of competitive mortgage products to meet your individual needs with both adjustable-rate and fixed-rate options.

Interest rates low 3.00%* up to 10 years and 3.25%* up to 14 years.

Fixed rate 30-year mortgages with a fixed rate of 3.25%.

Guardian Savings Bank Blanket Loans

Guardian Savings Bank Blanket Loans have been reviewed by the MSB / FRB.

Indeed, Guardian Savings Bank (GSB) was founded in 1908 and is now based in Owings Mills, Maryland.

Since it has been around for so long, its name should be pretty familiar to you. GSB has been one of the nine national S&Ls that have been operating since that time.

In the past, the S&L industry was stacked with some major players. Shortly after the S&L crisis of the 1980s, however, all but the original nine national S&Ls have since gone out of business.

GSB is one of the nine remaining financial institutions, and it is the only remaining bank based in Maryland.

Guardian Savings Bank Mortgage Customer Service

Guardian Savings Bank is one of the Bank with over 150 years of banking heritage. It has its headquarters in Lodi, California. Guardian Savings Bank has been a premier financial services provider and provides services such as personal loans, business loans, mortgages, home equity loans, commercial real estate loans, student loans, personal banking, personal savings, checking accounts, savings accounts, retirement savings, CDs. Guardian Savings Bank is also a leader in providing top of line mortgage loans services. It’s a licensed mortgage lender which can make loans in all 50 states.

Guardian Savings Bank is a bank that you can trust. Guardian Savings Bank is a bank that you can trust. Guardian Savings Bank has a branch network of more than 90 branches spread across the span of California, the largest state in the United States.

Guardian Savings Bank has a branch network of more than 90 branches spread across the span of California, the largest state in the United States. The branches are spread out all over California, in cities like San Francisco, Los Angeles, San Diego, and Fresno.

Guardian Savings Bank Ratings and Complaints

Guardian Savings Bank began in 1987 in the Pacific Northwest and is still based in Seattle. The bank now provides many banking services, including mortgage loans. Guardian Savings Bank was rated a "B" on the three major rating systems. The bank applied for FDIC insurance in May of 2011. Guardian Savings Bank is the only bank to receive this rating, but that doesn’t mean it will maintain it in the future. As a bank that specializes in home loans, Guardian Savings Bank has received relatively few customer complaints. More than 30,000 people have reviewed the mortgage options of Guardian Savings Bank. The bank uses third-party (i.e. non-Guardian Savings Bank) servicers for its mortgage loans. This allows for a variety of loan options for customers.

Guardian Savings Bank Mortgage Qualifications

When it comes to a Guardian Savings Bank mortgage comparison, there are a number of factors to consider. This blog is going to make an effort to outline the process and rate for those who are interested in a Guardian Savings Bank refinance loan or a Guardian Savings Bank foreclosure home loan. It’s a good idea to take some time to understand what Guardian has to offer before choosing to work with the lender, especially if you are applying for a home equity loan or a Guardian Savings Bank reverse mortgage.

Qualifications for Guardian Savings Bank Mortgages

When you would like to know whether or not you qualify for a Guardian Savings Bank mortgage, these are the qualification factors to consider. The timeframe for qualification will vary, depending on how long you have been in a steady job for. It is a good idea to have these deadlines on hand before you call the Guardian Savings Bank loan officer.

{1}. Be at least 18 years of age.
{2}. Have a steady source of income.
{3}. Provide information concerning your last three years of income tax returns.
{4}. Have the support of an income-producing property or regular income.
{5}. Own property worth more than half the amount of your loan, if a refinance.
{6}. Have not been bankrupt in the last five years.
{7}. Have a history of paying credit card debt.
{8}. Have a good credit history.

Guardian Savings Bank Phone Number & Additional Details

Here at 'The Guardian', we put a huge emphasis on community, which is why we offer many consumer banking products that are designed to simplify your life and help you save time while earning you a higher interest rate.

If you're thinking about borrowing money for a home, auto or personal loan, or if you're wondering how to get a business or personal line of credit, we're here to answer any questions you might have. Call us today and learn how to take charge of your finances.