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 Cash Out Refi loans. Georgia Banking Company has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Charleston, Athens, Brunswick, and Riverside among others. We have data for 42 markets. (Some data included below & more in-depth data is available with an active subscription.)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.
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Originations
194Origination Dollar Volume (All Markets)
$84,410,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 126 | $59,320,000 | $470,794 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $7,955,000 | $1,591,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $4,820,000 | $1,205,000 | $0 | 0.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 4 | $2,450,000 | $612,500 | $0 | 0.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Dayton, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $35,000 | $11,667 | $0 | 0.00% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| Cordele, GA (FHA|USDA|VA) | 2 | $20,000 | $10,000 | $0 | 0.00% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 0.00% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 0.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 0.00% |
| Americus, GA (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $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 | 194 | $84,410,000 | $435,103 | $0 | 0.00% |
For 2022, Georgia Banking Company's most frequently originated type of loan was Conventional, with 194 originations.
Loan Reason
For 2022, Georgia Banking Company's most frequently cited loan purpose was Other, with 68 originations. The 2nd most popular reason was Home Purchase, with 60 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 194 | $84,410,000 | $435,103 | $0 | 0.00% |
For 2022, Georgia Banking Company's most frequently cited loan duration was Other, with 194 originations.
Loan Sizing
2022 saw Georgia Banking Company place emphasis on $100,000 or less loans with 74 originations, totaling $2,920,000 in origination value.
Applicant Income
Georgia Banking Company lent most frequently to those with incomes in the $250k+ range, with 54 originations. The second most popular income band? $150k-250k, with 43 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 194 | $84,410,000 | $435,103 | $0 | 0.00% |
Georgia Banking Company lent most frequently to those with DTI ratios of Exempt%, with 194 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.52%
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 origination90.72%
Georgia Banking Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 194 | $84,410,000 | $435,103 |