Georgia Banking Company Mortgage Rates, Fees & Info

Atlanta, GA

LEI: 5493001P6QB5ISAUNV97

Tax ID: 58-2657635

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

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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

    Georgia Banking Company is a smaller bank specializing in Other, Cash Out Refi, and Refi loans. Georgia Banking Company 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.)

    Georgia Banking Company 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.

    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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    Originations

    160

    Origination Dollar Volume (All Markets)

    $49,630,000

    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
    Outside of Metro Areas 160 $49,630,000 $310,188 $0 0.00%
    Georgia Banking Company's top markets include

    Their top states include:
  • (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Georgia Banking Company 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
    First Bank
    Similarity Rank: 506
    MATTAMY HOME FUNDING, LLC
    Similarity Rank: 640
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 960
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 960
    First American Bank and Trust Company
    Similarity Rank: 1107
    SANCTUARY HOME MORTGAGE LLC
    Similarity Rank: 1450
    Peoples Bank
    Similarity Rank: 1600
    JAMS-01, INC.
    Similarity Rank: 1650
    Shea Mortgage Inc.
    Similarity Rank: 1782

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 159 $49,205,000 $309,465 $0 0.00%
    FHA 1 $425,000 $425,000 $0 0.00%

    For 2024, Georgia Banking Company's most frequently originated type of loan was Conventional, with 159 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 111 $9,565,000 $86,171 $0 0.00%
    Other 32 $14,710,000 $459,688 $0 0.00%
    Cash Out Refi 9 $10,175,000 $1,130,556 $0 0.00%
    Refi 8 $15,180,000 $1,897,500 $0 0.00%

    For 2024, Georgia Banking Company's most frequently cited loan purpose was Home Purchase, with 111 originations. The 2nd most popular reason was Other, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 160 $49,630,000 $310,188 $0 0.00%

    For 2024, Georgia Banking Company's most frequently cited loan duration was Other, with 160 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 109 $2,115,000 $19,404 $0 0.00%
    $1MM+ 14 $33,520,000 $2,394,286 $0 0.00%
    $200k-400k 12 $3,260,000 $271,667 $0 0.00%
    $100k-200k 9 $1,385,000 $153,889 $0 0.00%
    $400k-600k 9 $4,055,000 $450,556 $0 0.00%
    $600k-1MM 7 $5,295,000 $756,429 $0 0.00%

    2024 saw Georgia Banking Company place emphasis on $100,000 or less loans with 109 originations, totaling $2,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 50 $940,000 $18,800 $0 0.00%
    $250k+ 33 $29,305,000 $888,030 $0 0.00%
    $75k-100k 27 $605,000 $22,407 $0 0.00%
    $50k or less 20 $300,000 $15,000 $0 0.00%
    $100k-150k 16 $1,850,000 $115,625 $0 0.00%
    $150k-250k 10 $2,890,000 $289,000 $0 0.00%

    Georgia Banking Company lent most frequently to those with incomes in the $50k-75k range, with 50 originations. The second most popular income band? $250k+, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 160 $49,630,000 $310,188 $0 0.00%

    Georgia Banking Company lent most frequently to those with DTI ratios of Exempt%, with 160 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 80 $25,780,000 $322,250 $0 0.00%
    Not applicable 3 $13,495,000 $4,498,333 $0 0.00%
    Not provided 19 $7,615,000 $400,789 $0 0.00%
    Black 50 $1,790,000 $35,800 $0 0.00%
    Asian 5 $905,000 $181,000 $0 0.00%
    American Indian 3 $45,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.46%

    Georgia Banking Company 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
    93.13%

    Georgia Banking Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 160 $49,630,000 $310,188

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    160 $49,630,000 $310,188