Colony Bank Mortgage Rates, Fees & Info

Fitzgerald, GA

LEI: 254900AHLSHUJOTJG402

Tax ID: 58-1248467

5 stars - Updated: 6/22/25 - out of 5 stars, based on 29 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Colony Bank is a smaller bank specializing in Home Purchase loans. Colony Bank 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: Augusta, Warner Robins, Atlanta, Savannah, and Albany among others. We have data for 52 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Colony Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Colony Bank 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 6.90% 6/22/25
    30 Year Conventional Refi 6.86% 6/22/25
    30 Year Cash-out Refi 7.26% 6/22/25
    30 Year FHA Purchase 7.28% 6/22/25
    30 Year FHA Refi 7.01% 6/22/25
    30 Year VA Purchase 6.46% 6/22/25
    30 Year VA Refi 6.55% 6/22/25
    30 Year USDA Purchase 7.38% 6/22/25
    15 Year Conventional Purchase 6.58% 6/22/25
    15 Year Conventional Refi 6.44% 6/22/25
    15 Year Cash-out Refi 6.44% 6/22/25
    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.

    Colony Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Colony Bank. 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

    824

    Origination Dollar Volume (All Markets)

    $238,430,000
    Show all (8) awards

    Relative Rate

    Colony Bank's average 30 year fixed mortgage rate was 6.58%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.03%.

    Relative Fees (Closing Costs)

    Colony Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $7,145.

    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 $8,356.

    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
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 117 $39,475,000 $337,393 $7,182 6.44%
    WARNER ROBINS, GA (FHA|USDA|VA) 124 $34,070,000 $274,758 $6,749 6.59%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 62 $30,180,000 $486,774 $7,741 7.12%
    SAVANNAH, GA (FHA|USDA|VA) 66 $25,060,000 $379,697 $10,170 6.90%
    ALBANY, GA (FHA|USDA|VA) 75 $14,645,000 $195,267 $6,800 6.74%
    Outside of Metro Areas 64 $12,770,000 $199,531 $6,145 7.19%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 33 $11,605,000 $351,667 $8,251 6.50%
    LaGrange, GA-AL (FHA|USDA|VA) 41 $11,125,000 $271,341 $7,062 7.19%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 35 $10,865,000 $310,429 $8,696 6.63%
    VALDOSTA, GA (FHA|USDA|VA) 37 $7,175,000 $193,919 $6,143 7.39%
    COLUMBUS, GA-AL (FHA|USDA|VA) 19 $5,325,000 $280,263 $8,745 7.44%
    Milledgeville, GA (FHA|USDA|VA) 15 $4,415,000 $294,333 $6,671 6.92%
    Statesboro, GA (FHA|USDA|VA) 13 $3,235,000 $248,846 $8,258 6.26%
    Moultrie, GA (FHA|USDA|VA) 13 $2,555,000 $196,538 $6,317 6.89%
    HINESVILLE, GA (FHA|USDA|VA) 8 $1,880,000 $235,000 $7,303 6.87%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $1,865,000 $621,667 $5,005 7.21%
    JACKSONVILLE, FL (FHA|USDA|VA) 4 $1,840,000 $460,000 $7,664 7.62%
    Cordele, GA (FHA|USDA|VA) 13 $1,725,000 $132,692 $4,829 7.75%
    BRUNSWICK, GA (FHA|USDA|VA) 5 $1,515,000 $303,000 $5,267 6.45%
    Bainbridge, GA (FHA|USDA|VA) 1 $1,465,000 $1,465,000 $0 9.50%
    Cedartown, GA (FHA|USDA|VA) 8 $1,410,000 $176,250 $5,137 6.68%
    Dublin, GA (FHA|USDA|VA) 7 $985,000 $140,714 $3,362 8.18%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $960,000 $480,000 $11,478 7.50%
    TALLAHASSEE, FL (FHA|USDA|VA) 6 $940,000 $156,667 $7,279 7.60%
    GAINESVILLE, GA (FHA|USDA|VA) 2 $920,000 $460,000 $13,934 5.81%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $810,000 $405,000 $8,755 6.88%
    Tifton, GA (FHA|USDA|VA) 3 $695,000 $231,667 $7,019 8.46%
    Vidalia, GA (FHA|USDA|VA) 3 $645,000 $215,000 $6,361 6.21%
    Americus, GA (FHA|USDA|VA) 4 $620,000 $155,000 $6,894 7.03%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $605,000 $605,000 $7,537 6.13%
    Thomasville, GA (FHA|USDA|VA) 2 $600,000 $300,000 $9,952 6.38%
    Fitzgerald, GA (FHA|USDA|VA) 12 $550,000 $45,833 $3,539 8.92%
    Alexander City, AL (FHA|USDA|VA) 1 $525,000 $525,000 $7,156 6.13%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $505,000 $505,000 $6,788 6.99%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $465,000 $465,000 $18,422 6.38%
    Jefferson, GA (FHA|USDA|VA) 1 $425,000 $425,000 $12,404 5.75%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $385,000 $385,000 $8,371 6.63%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $345,000 $345,000 $0 7.13%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $345,000 $345,000 $10,894 6.13%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $345,000 $345,000 $4,236 6.99%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $335,000 $335,000 $1,448 6.50%
    ROME, GA (FHA|USDA|VA) 3 $305,000 $101,667 $3,958 8.22%
    Lake City, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,406 6.99%
    Toccoa, GA (FHA|USDA|VA) 1 $275,000 $275,000 $11,993 6.63%
    DALTON, GA (FHA|USDA|VA) 1 $255,000 $255,000 $4,669 6.49%
    Thomaston, GA (FHA|USDA|VA) 2 $210,000 $105,000 $3,424 6.93%
    Jesup, GA (FHA|USDA|VA) 1 $185,000 $185,000 $9,457 6.63%
    Fort Payne, AL (FHA|USDA|VA) 1 $175,000 $175,000 $6,252 6.13%
    DOTHAN, AL (FHA|USDA|VA) 1 $165,000 $165,000 $7,003 6.13%
    Douglas, GA (FHA|USDA|VA) 1 $165,000 $165,000 $6,169 7.13%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $110,000 $55,000 $2,793 8.25%
    Adrian, MI (FHA|USDA|VA) 1 $105,000 $105,000 $2,631 6.38%
    Colony Bank's top markets include Augusta, Warner Robins, Atlanta, Savannah, and Albany among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Colony Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CRESCENT MORTGAGE COMPANY
    Similarity Rank: 80
    SOUTHEASTERN Credit Union
    Similarity Rank: 132
    Security Federal Bank
    Similarity Rank: 234
    FIRST CHOICE MORTGAGE, INC.
    Similarity Rank: 715
    AUGUSTA MORTGAGE CO.
    Similarity Rank: 720
    Coastal Carolina National Bank
    Similarity Rank: 722
    SRP Federal Credit Union
    Similarity Rank: 754
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 960
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 960
    First American Bank and Trust Company
    Similarity Rank: 1269

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 518 $152,840,000 $295,058 $6,475 7.19%
    FHA 191 $47,125,000 $246,728 $9,694 6.38%
    VA 106 $37,020,000 $349,245 $5,876 6.33%
    USDA 9 $1,445,000 $160,556 $5,886 6.64%

    For 2024, Colony Bank's most frequently originated type of loan was Conventional, with 518 originations. Their 2nd most popular type was FHA, with 191 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 667 $204,565,000 $306,694 $7,315 6.68%
    Refi 94 $21,260,000 $226,170 $8,660 8.15%
    Cash Out Refi 38 $9,630,000 $253,421 $6,723 6.88%
    Other 14 $1,800,000 $128,571 $4,430 7.31%
    Home Improvement 11 $1,175,000 $106,818 $4,185 8.34%

    For 2024, Colony Bank's most frequently cited loan purpose was Home Purchase, with 667 originations. The 2nd most popular reason was Refi, with 94 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 694 $198,930,000 $286,643 $7,145 6.58%
    Other 72 $19,160,000 $266,111 $9,793 8.94%
    30+ year 21 $12,795,000 $609,286 $12,588 7.59%
    15 Year 15 $2,665,000 $177,667 $5,092 7.57%
    5 Year 12 $1,830,000 $152,500 $0 9.17%
    1 Year 5 $2,015,000 $403,000 $0 8.67%
    20 Year 2 $580,000 $290,000 $4,319 6.25%
    3 Year 2 $340,000 $170,000 $0 8.15%
    10 Year 1 $115,000 $115,000 $5,897 5.99%

    For 2024, Colony Bank's most frequently cited loan duration was 30 Year, with 694 originations. The 2nd most popular length was Other, with 72 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 297 $73,755,000 $248,333
    $5k+ 119 $55,145,000 $463,403
    $2k-3k 95 $21,475,000 $226,053
    $<1k 77 $25,035,000 $325,130
    $3k-4k 60 $16,770,000 $279,500
    $4k-5k 45 $14,355,000 $319,000

    Colony Bank's average total fees were $7,145, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 297 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 512 $145,500,000 $284,180
    7-8% 119 $44,365,000 $372,815
    5-6% 98 $28,500,000 $290,816
    Over 8% 91 $18,625,000 $204,670
    4-5% 4 $1,440,000 $360,000

    During 2024, Colony Bank's average interest rate for loans was 6.58%, while their most frequently originated rate bucket for loans was 6-7%, with 512 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 376 $107,810,000 $286,729 $7,568 6.59%
    $100k-200k 198 $30,050,000 $151,768 $5,235 6.77%
    $400k-600k 109 $52,365,000 $480,413 $9,313 6.76%
    $100,000 or less 97 $5,415,000 $55,825 $4,117 8.26%
    $600k-1MM 38 $28,080,000 $738,947 $10,745 7.09%
    $1MM+ 6 $14,710,000 $2,451,667 $15,072 8.21%

    2024 saw Colony Bank place emphasis on $200k-400k loans with 376 originations, totaling $107,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 192 $57,220,000 $298,021 $8,138 6.77%
    $50k-75k 151 $27,945,000 $185,066 $6,027 6.63%
    $150k-250k 137 $50,375,000 $367,701 $7,677 6.83%
    $75k-100k 132 $33,020,000 $250,152 $6,983 6.58%
    $50k or less 79 $10,395,000 $131,582 $5,338 6.61%
    $250k+ 74 $38,530,000 $520,676 $10,197 7.19%

    Colony Bank lent most frequently to those with incomes in the $100k-150k range, with 192 originations. The second most popular income band? $50k-75k, with 151 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 121 $33,205,000 $274,421 $6,643 6.69%
    20-30% 111 $33,455,000 $301,396 $6,582 6.66%
    50-60% 61 $17,795,000 $291,721 $9,301 6.26%
    44% 42 $12,220,000 $290,952 $6,719 6.49%
    39% 38 $9,680,000 $254,737 $7,202 6.64%
    42% 37 $9,525,000 $257,432 $5,632 6.83%
    40% 34 $11,520,000 $338,824 $8,465 6.70%
    <20% 32 $8,700,000 $271,875 $5,991 6.76%
    41% 32 $9,070,000 $283,438 $7,540 6.81%
    38% 31 $9,945,000 $320,806 $8,516 6.69%
    48% 30 $8,210,000 $273,667 $7,891 6.67%
    49% 30 $9,480,000 $316,000 $8,319 6.65%
    43% 25 $8,725,000 $349,000 $7,555 6.46%
    47% 23 $6,295,000 $273,696 $5,905 6.63%
    37% 23 $8,825,000 $383,696 $9,296 6.71%
    36% 23 $6,315,000 $274,565 $6,704 6.64%
    45% 20 $5,840,000 $292,000 $5,905 6.55%
    46% 20 $6,650,000 $332,500 $7,507 6.59%
    >60% 1 $265,000 $265,000 $8,999 5.99%

    Colony Bank lent most frequently to those with DTI ratios of 30-36%, with 121 originations. The next most common DTI ratio? 20-30%, with 111 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 535 $153,725,000 $287,336 $7,116 6.73%
    Black 134 $31,840,000 $237,612 $7,611 6.85%
    Not applicable 48 $19,500,000 $406,250 $0 8.76%
    Not provided 58 $16,550,000 $285,345 $6,439 6.97%
    Asian 43 $15,515,000 $360,814 $9,204 6.78%
    Native Hawaiian or Islander 3 $955,000 $318,333 $8,111 6.38%
    American Indian 2 $290,000 $145,000 $4,619 6.63%
    Asian Indian 1 $55,000 $55,000 $0 9.00%

    Approval Rates

    Total approvals of all applications
    94.88%

    Colony Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.21%

    Colony Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 824 $238,430,000 $289,357

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    824 $238,430,000 $289,357

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 67 $9,275,000 $138,433 $5,120 7.89%
    40-60% 81 $19,035,000 $235,000 $5,460 7.38%
    60-80% 177 $65,335,000 $369,124 $6,974 6.99%
    80-100% 456 $134,240,000 $294,386 $7,546 6.59%
    Over 100% 26 $8,890,000 $341,923 $10,912 6.20%
    Under 20% 15 $1,455,000 $97,000 $3,946 8.24%