Georgia Banking Company Mortgage Rates, Fees & Info
Atlanta, GALEI: 5493001P6QB5ISAUNV97
Tax ID: 58-2657635
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Georgia Banking Company is a smaller bank specializing in Home Purchase and Refi loans. Georgia Banking Company has a high proportion of conventional loans.Georgia Banking Company 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.
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Originations
83Origination Dollar Volume (All Markets)
$62,845,000Top 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 | 83 | $62,845,000 | $757,169 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 83 | $62,845,000 | $757,169 | $0 | 0.00% |
For 2023, Georgia Banking Company's most frequently originated type of loan was Conventional, with 83 originations.
Loan Reason
For 2023, Georgia Banking Company's most frequently cited loan purpose was Other, with 35 originations. The 2nd most popular reason was Home Purchase, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 83 | $62,845,000 | $757,169 | $0 | 0.00% |
For 2023, Georgia Banking Company's most frequently cited loan duration was Other, with 83 originations.
Loan Sizing
2023 saw Georgia Banking Company place emphasis on $100,000 or less loans with 32 originations, totaling $1,220,000 in origination value.
Applicant Income
Georgia Banking Company lent most frequently to those with incomes in the $250k+ range, with 21 originations. The second most popular income band? $100k-150k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 83 | $62,845,000 | $757,169 | $0 | 0.00% |
Georgia Banking Company lent most frequently to those with DTI ratios of Exempt%, with 83 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.87%
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 origination80.72%
Georgia Banking Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 83 | $62,845,000 | $757,169 |