Georgia's Own Mortgage Rates, Fees & Info

Atlanta, GA

LEI: 54930025XJJO3T0M1A92

Tax ID: 58-0147128

1 stars - Updated: 5/26/24 - out of 5 stars, based on 45 reviews

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

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Mortgage Data

Review & Overview

Georgia's Own is a smaller mortgage company specializing in Other and Home Purchase loans. Georgia's Own 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.) Their top markets by origination volume include: Atlanta, Los Angeles, Miami, Boston, and San Francisco among others. We have data for 162 markets. (Some data included below & more in-depth data is available with an active subscription.)

Georgia's Own has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Georgia's Own is typically an average 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 relatively high 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
Home Equity Line of Credit (HELOC) 6.27% 5/26/24
30 Year Conventional Purchase 6.49% 5/26/24
30 Year Conventional Refi 6.34% 5/26/24
30 Year Cash-out Refi 6.61% 5/26/24
30 Year FHA Purchase 6.27% 5/26/24
15 Year Conventional Purchase 5.85% 5/26/24
15 Year Conventional Refi 6.24% 5/26/24
15 Year Cash-out Refi 6.24% 5/26/24
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.

Georgia's Own Mortgage Calculator






Your Estimates

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

This is not an official calculator from Georgia's Own. 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

2,049

Origination Dollar Volume (All Markets)

$374,695,000

Awards

GEORGIA'S OWN 30 Year Conventional Loans silver GEORGIA'S OWN 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

Georgia's Own's average 30 year fixed mortgage rate was 9.59%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 3.11%.

Relative Fees (Closing Costs)

Georgia's Own's average total fees/closing costs for a 30 year fixed rate mortgage were $6,542.

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 $9,089.

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 849 $132,355,000 $155,895 $2,742 8.83%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 133 $35,165,000 $264,398 $0 10.35%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 99 $16,995,000 $171,667 $2,063 9.63%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 84 $15,730,000 $187,262 $0 10.30%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 39 $10,715,000 $274,744 $0 10.17%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 41 $10,155,000 $247,683 $0 10.12%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 30 $7,970,000 $265,667 $0 10.17%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 36 $7,950,000 $220,833 $0 9.96%
Outside of Metro Areas 36 $6,600,000 $183,333 $3,879 8.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 32 $6,400,000 $200,000 $0 10.22%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 16 $4,540,000 $283,750 $0 10.55%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 15 $4,415,000 $294,333 $8,399 9.35%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 26 $4,330,000 $166,538 $0 10.44%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 17 $4,095,000 $240,882 $8,637 10.44%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 18 $3,850,000 $213,889 $0 10.71%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $3,530,000 $294,167 $13,570 9.86%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 12 $3,350,000 $279,167 $0 10.17%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 18 $3,250,000 $180,556 $4,075 8.97%
SALT LAKE CITY, UT (FHA|USDA|VA) 14 $3,170,000 $226,429 $0 9.94%
SAVANNAH, GA (FHA|USDA|VA) 31 $3,145,000 $101,452 $1,647 8.53%
GAINESVILLE, GA (FHA|USDA|VA) 22 $3,020,000 $137,273 $3,558 9.02%
Jefferson, GA (FHA|USDA|VA) 16 $2,880,000 $180,000 $3,108 8.54%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 9 $2,725,000 $302,778 $0 10.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $2,615,000 $523,000 $15,812 9.27%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 7 $2,535,000 $362,143 $0 9.67%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $2,495,000 $356,429 $0 9.25%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 11 $2,035,000 $185,000 $0 10.41%
JACKSONVILLE, FL (FHA|USDA|VA) 13 $1,965,000 $151,154 $5,797 9.39%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 8 $1,950,000 $243,750 $0 9.93%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $1,935,000 $387,000 $8,235 9.33%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 8 $1,880,000 $235,000 $0 9.56%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 6 $1,770,000 $295,000 $0 10.42%
ALBANY, GA (FHA|USDA|VA) 19 $1,745,000 $91,842 $2,395 7.73%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 7 $1,655,000 $236,429 $0 10.86%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 9 $1,655,000 $183,889 $6,057 9.44%
BOISE CITY, ID (FHA|USDA|VA) 8 $1,540,000 $192,500 $0 9.50%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 7 $1,535,000 $219,286 $0 10.21%
FLAGSTAFF, AZ (FHA|USDA|VA) 4 $1,500,000 $375,000 $0 9.93%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 7 $1,455,000 $207,857 $0 9.25%
MISSOULA, MT (FHA|USDA|VA) 2 $1,240,000 $620,000 $0 9.25%
WORCESTER, MA-CT (FHA|USDA|VA) 9 $1,235,000 $137,222 $0 10.75%
FRESNO, CA (FHA|USDA|VA) 4 $1,210,000 $302,500 $0 9.94%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 5 $1,175,000 $235,000 $0 9.05%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 10 $1,140,000 $114,000 $0 10.22%
St. Marys, GA (FHA|USDA|VA) 15 $1,065,000 $71,000 $1,628 8.22%
RENO, NV (FHA|USDA|VA) 6 $1,050,000 $175,000 $0 9.71%
STOCKTON, CA (FHA|USDA|VA) 7 $1,045,000 $149,286 $0 10.03%
Key West, FL (FHA|USDA|VA) 3 $1,035,000 $345,000 $0 9.75%
PROVO-OREM, UT (FHA|USDA|VA) 6 $1,000,000 $166,667 $0 9.33%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $995,000 $199,000 $0 10.14%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 5 $975,000 $195,000 $0 11.30%
Cornelia, GA (FHA|USDA|VA) 3 $965,000 $321,667 $9,139 6.71%
Bozeman, MT (FHA|USDA|VA) 2 $960,000 $480,000 $0 10.50%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $865,000 $288,333 $0 9.41%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $835,000 $835,000 $6,818 6.13%
COLUMBUS, OH (FHA|USDA|VA) 4 $830,000 $207,500 $0 9.93%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 4 $820,000 $205,000 $4,206 8.94%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $815,000 $271,667 $0 10.58%
NAPA, CA (FHA|USDA|VA) 6 $800,000 $133,333 $0 9.78%
DALTON, GA (FHA|USDA|VA) 3 $785,000 $261,667 $9,124 7.79%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $755,000 $755,000 $0 9.50%
Nogales, AZ (FHA|USDA|VA) 2 $750,000 $375,000 $0 9.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $745,000 $248,333 $5,975 8.16%
MODESTO, CA (FHA|USDA|VA) 2 $740,000 $370,000 $0 11.50%
GREELEY, CO (FHA|USDA|VA) 3 $735,000 $245,000 $0 9.83%
Waycross, GA (FHA|USDA|VA) 11 $725,000 $65,909 $1,067 8.67%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 6 $720,000 $120,000 $0 10.20%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 6 $720,000 $120,000 $12,352 9.68%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 5 $635,000 $127,000 $3,035 9.76%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $620,000 $155,000 $0 11.31%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $600,000 $300,000 $0 10.25%
Milledgeville, GA (FHA|USDA|VA) 2 $540,000 $270,000 $4,351 5.94%
OCALA, FL (FHA|USDA|VA) 4 $540,000 $135,000 $6,530 8.66%
BRUNSWICK, GA (FHA|USDA|VA) 6 $530,000 $88,333 $1,473 8.79%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $515,000 $103,000 $0 10.09%
COLUMBIA, SC (FHA|USDA|VA) 2 $510,000 $255,000 $9,565 8.19%
VALLEJO, CA (FHA|USDA|VA) 6 $480,000 $80,000 $0 10.66%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $475,000 $95,000 $0 10.09%
Outside of Metro Areas 2 $470,000 $235,000 $0 11.75%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 3 $465,000 $155,000 $348 9.38%
SPRINGFIELD, MA (FHA|USDA|VA) 4 $460,000 $115,000 $0 11.06%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $445,000 $148,333 $0 10.25%
Summerville, GA (FHA|USDA|VA) 2 $430,000 $215,000 $0 9.62%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $430,000 $215,000 $0 8.87%
SALINAS, CA (FHA|USDA|VA) 3 $415,000 $138,333 $0 11.67%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $405,000 $135,000 $0 10.50%
REDDING, CA (FHA|USDA|VA) 1 $405,000 $405,000 $0 10.24%
Tifton, GA (FHA|USDA|VA) 5 $385,000 $77,000 $2,257 7.90%
Ellensburg, WA (FHA|USDA|VA) 1 $375,000 $375,000 $0 9.50%
Fernley, NV (FHA|USDA|VA) 2 $370,000 $185,000 $0 11.75%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $370,000 $185,000 $0 11.50%
Barre, VT (FHA|USDA|VA) 1 $345,000 $345,000 $0 7.50%
ST. GEORGE, UT (FHA|USDA|VA) 2 $330,000 $165,000 $0 10.37%
BAKERSFIELD, CA (FHA|USDA|VA) 3 $315,000 $105,000 $0 10.74%
BELLINGHAM, WA (FHA|USDA|VA) 1 $315,000 $315,000 $0 11.50%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $310,000 $155,000 $0 11.50%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $285,000 $285,000 $5,453 6.88%
SALEM, OR (FHA|USDA|VA) 3 $285,000 $95,000 $0 10.83%
ROME, GA (FHA|USDA|VA) 3 $275,000 $91,667 $1,606 8.66%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $270,000 $135,000 $0 11.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $265,000 $265,000 $5,650 7.00%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $260,000 $130,000 $0 8.88%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $245,000 $81,667 $0 11.42%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $240,000 $120,000 $0 10.75%
TUCSON, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $0 9.49%
CLEVELAND, TN (FHA|USDA|VA) 1 $235,000 $235,000 $6,289 5.88%
Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $230,000 $115,000 $0 10.62%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $225,000 $225,000 $4,256 6.50%
BEND, OR (FHA|USDA|VA) 2 $220,000 $110,000 $0 10.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $215,000 $215,000 $4,313 6.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $215,000 $71,667 $0 10.16%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $210,000 $105,000 $0 11.75%
ANCHORAGE, AK (FHA|USDA|VA) 2 $210,000 $105,000 $0 11.75%
WENATCHEE, WA (FHA|USDA|VA) 2 $210,000 $105,000 $0 10.87%
Newport, OR (FHA|USDA|VA) 1 $205,000 $205,000 $0 9.50%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $200,000 $100,000 $0 11.88%
LaGrange, GA-AL (FHA|USDA|VA) 2 $190,000 $95,000 $0 6.00%
Cedartown, GA (FHA|USDA|VA) 2 $180,000 $90,000 $3,250 7.56%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 9.75%
Heber, UT (FHA|USDA|VA) 1 $165,000 $165,000 $0 9.24%
CHICO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 11.50%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $155,000 $155,000 $0 11.50%
Moultrie, GA (FHA|USDA|VA) 3 $145,000 $48,333 $2,940 9.21%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $145,000 $145,000 $0 11.75%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $140,000 $70,000 $0 11.00%
EL CENTRO, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 10.00%
Pahrump, NV (FHA|USDA|VA) 1 $135,000 $135,000 $0 11.75%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $130,000 $65,000 $0 11.12%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $115,000 $115,000 $0 11.75%
Muskogee, OK (FHA|USDA|VA) 1 $115,000 $115,000 $3,738 6.38%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.24%
Hilo, HI (FHA|USDA|VA) 1 $105,000 $105,000 $0 11.75%
MADERA, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 11.75%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 10.25%
Centralia, WA (FHA|USDA|VA) 1 $95,000 $95,000 $0 12.00%
YUMA, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $0 12.00%
Cordele, GA (FHA|USDA|VA) 1 $75,000 $75,000 $3,053 8.25%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $75,000 $75,000 $0 12.00%
Clearlake, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 10.24%
TWIN FALLS, ID (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.74%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $70,000 $35,000 $0 10.13%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 10.00%
PUEBLO, CO (FHA|USDA|VA) 1 $65,000 $65,000 $0 12.00%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $65,000 $65,000 $0 11.00%
LYNCHBURG, VA (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.24%
VALDOSTA, GA (FHA|USDA|VA) 1 $55,000 $55,000 $1,805 7.38%
HINESVILLE, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
Scottsbluff, NE (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
Bainbridge, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.75%
Payson, AZ (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.75%
ALTOONA, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.25%
LANCASTER, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
Warsaw, IN (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.74%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $55,000 $55,000 $0 11.25%
Americus, GA (FHA|USDA|VA) 1 $55,000 $55,000 $2,253 7.63%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.99%
Winnemucca, NV (FHA|USDA|VA) 1 $55,000 $55,000 $0 12.00%
Statesboro, GA (FHA|USDA|VA) 1 $35,000 $35,000 $218 9.50%
Thomasville, GA (FHA|USDA|VA) 1 $25,000 $25,000 $375 9.00%
GOLDSBORO, NC (FHA|USDA|VA) 1 $15,000 $15,000 $788 9.45%
Georgia's Own's top markets include Atlanta, Los Angeles, Miami, Boston, and San Francisco among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against GEORGIA'S OWN 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
    HELOC 1,430 $255,370,000 $178,580 n/a 10.17%
    Conventional 609 $116,525,000 $191,338 $2,849 7.66%
    FHA 10 $2,800,000 $280,000 $9,047 6.63%

    For 2023, Georgia's Own's most frequently originated type of loan was HELOC, with 1,430 originations. Their 2nd most popular type was Conventional, with 609 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 899 $159,325,000 $177,225 $2,630 10.16%
    Home Improvement 578 $48,770,000 $84,377 $425 9.46%
    Home Purchase 388 $119,700,000 $308,505 $6,666 8.01%
    Refi 116 $35,700,000 $307,759 $4,379 9.62%
    Cash Out Refi 68 $11,200,000 $164,706 $4,381 6.72%

    For 2023, Georgia's Own's most frequently cited loan purpose was Other, with 899 originations. The 2nd most popular reason was Home Improvement, with 578 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,197 $285,765,000 $238,734 $6,542 9.59%
    Other 358 $34,910,000 $97,514 $0 10.07%
    20 Year 264 $22,700,000 $85,985 $746 8.88%
    10 Year 158 $7,010,000 $44,367 $329 8.32%
    15 Year 29 $5,185,000 $178,793 $3,781 6.53%
    1 Year 27 $13,025,000 $482,407 $12,102 7.25%
    30+ year 11 $4,005,000 $364,091 $0 9.75%
    5 Year 5 $2,095,000 $419,000 $0 7.45%

    For 2023, Georgia's Own's most frequently cited loan duration was 30 Year, with 1,197 originations. The 2nd most popular length was Other, with 358 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 377 $26,475,000 $70,225
    $2k-3k 97 $40,315,000 $415,619
    $1k-2k 48 $8,200,000 $170,833
    $5k+ 25 $13,085,000 $523,400
    $4k-5k 23 $17,835,000 $775,435
    $3k-4k 20 $7,130,000 $356,500

    Georgia's Own's average total fees were $6,542, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 377 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,635 $254,745,000 $155,807
    7-8% 207 $40,325,000 $194,807
    6-7% 119 $39,425,000 $331,303
    5-6% 66 $30,200,000 $457,576
    4-5% 22 $10,000,000 $454,545

    During 2023, Georgia's Own's average interest rate for loans was 9.59%, while their most frequently originated rate bucket for loans was Over 8%, with 1,635 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 873 $49,845,000 $57,096 $517 9.64%
    $100k-200k 514 $70,270,000 $136,712 $2,226 9.71%
    $200k-400k 420 $116,460,000 $277,286 $6,305 8.97%
    $400k-600k 189 $89,815,000 $475,212 $8,146 9.16%
    $600k-1MM 43 $30,285,000 $704,302 $10,559 7.39%
    $1MM+ 10 $18,020,000 $1,802,000 $12,751 5.88%

    2023 saw Georgia's Own place emphasis on $100,000 or less loans with 873 originations, totaling $49,845,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 555 $184,885,000 $333,126 $6,157 9.51%
    $150k-250k 497 $87,985,000 $177,032 $3,283 9.56%
    $100k-150k 463 $53,795,000 $116,188 $2,540 9.40%
    $75k-100k 235 $23,425,000 $99,681 $2,909 9.36%
    $50k-75k 215 $16,075,000 $74,767 $1,832 9.19%
    $50k or less 64 $4,400,000 $68,750 $2,418 8.55%

    Georgia's Own lent most frequently to those with incomes in the $250k+ range, with 555 originations. The second most popular income band? $150k-250k, with 497 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 303 $55,635,000 $183,614 $2,998 9.18%
    44% 289 $51,335,000 $177,630 $2,976 10.25%
    20-30% 265 $49,655,000 $187,377 $3,031 9.10%
    43% 152 $32,570,000 $214,276 $3,162 9.91%
    41% 121 $20,445,000 $168,967 $2,666 9.28%
    40% 107 $19,435,000 $181,636 $2,679 9.78%
    42% 107 $18,875,000 $176,402 $3,684 9.66%
    49% 104 $13,780,000 $132,500 $2,154 9.07%
    39% 93 $15,915,000 $171,129 $2,626 9.81%
    <20% 69 $16,215,000 $235,000 $3,422 8.68%
    37% 69 $12,065,000 $174,855 $2,158 9.50%
    38% 69 $12,005,000 $173,986 $3,677 9.28%
    36% 64 $11,090,000 $173,281 $2,197 9.42%
    45% 63 $15,315,000 $243,095 $3,706 9.44%
    47% 45 $5,465,000 $121,444 $2,508 8.78%
    48% 44 $4,830,000 $109,773 $1,201 8.99%
    46% 40 $6,040,000 $151,000 $2,424 8.66%
    50-60% 28 $10,280,000 $367,143 $6,376 6.53%
    >60% 12 $1,650,000 $137,500 $1,114 9.27%

    Georgia's Own lent most frequently to those with DTI ratios of 30-36%, with 303 originations. The next most common DTI ratio? 44%, with 289 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,345 $242,975,000 $180,651 $2,813 9.52%
    Not provided 311 $61,615,000 $198,119 $3,673 9.35%
    Black 264 $38,670,000 $146,477 $2,577 9.05%
    Asian 88 $17,490,000 $198,750 $2,014 9.51%
    Asian Indian 10 $5,480,000 $548,000 $7,171 6.53%
    American Indian 9 $3,105,000 $345,000 $7,364 9.28%
    Not applicable 5 $2,095,000 $419,000 $0 7.45%
    Native Hawaiian or Islander 6 $1,120,000 $186,667 $190 9.21%
    Other Asian 4 $840,000 $210,000 $5,020 8.21%
    Filipino 4 $840,000 $210,000 $0 10.81%
    Vietnamese 1 $215,000 $215,000 $0 6.13%
    Chinese 1 $145,000 $145,000 $3,486 4.63%
    Japanese 1 $105,000 $105,000 $0 11.75%

    Approval Rates

    Total approvals of all applications
    66.96%

    Georgia's Own has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    64.57%

    Georgia's Own has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,049 $374,695,000 $182,867

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,049 $374,695,000 $182,867

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 697 $153,295,000 $219,935 $1,533 9.75%
    40-60% 122 $35,440,000 $290,492 $5,049 8.85%
    60-80% 102 $39,550,000 $387,745 $7,572 6.69%
    80-100% 92 $43,360,000 $471,304 $7,477 6.39%
    Under 20% 1,036 $103,050,000 $99,469 $342 9.78%