Georgia's Own Mortgage Rates, Fees & Info

Atlanta, GA

LEI: 54930025XJJO3T0M1A92

Tax ID: 58-0147128

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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's Own is a smaller mortgage company specializing in Home Purchase loans. Georgia's Own has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Gainesville, Savannah, Athens, and Orlando among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Georgia's Own has an 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 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
    Home Equity Line of Credit (HELOC) 6.27% 12/16/24
    30 Year Conventional Purchase 6.49% 12/16/24
    30 Year Conventional Refi 6.34% 12/16/24
    30 Year Cash-out Refi 6.61% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 5.85% 12/16/24
    15 Year Conventional Refi 6.24% 12/16/24
    15 Year Cash-out Refi 6.24% 12/16/24
    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

    848

    Origination Dollar Volume (All Markets)

    $128,010,000

    Awards

    GEORGIA'S OWN 30 Year Conventional Loans silver
    Show all (1) awards

    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) 764 $113,410,000 $148,442 $2,450 5.13%
    Outside of Metro Areas 17 $3,575,000 $210,294 $3,928 4.80%
    GAINESVILLE, GA (FHA|USDA|VA) 14 $2,000,000 $142,857 $2,187 5.28%
    SAVANNAH, GA (FHA|USDA|VA) 14 $1,550,000 $110,714 $2,780 5.05%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 5 $1,265,000 $253,000 $4,955 4.23%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $1,055,000 $351,667 $4,434 5.07%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $915,000 $915,000 $3,960 4.25%
    Jefferson, GA (FHA|USDA|VA) 7 $905,000 $129,286 $2,727 5.18%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $840,000 $420,000 $7,360 4.06%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $350,000 $87,500 $2,389 5.07%
    Statesboro, GA (FHA|USDA|VA) 2 $320,000 $160,000 $2,493 5.36%
    Calhoun, GA (FHA|USDA|VA) 1 $245,000 $245,000 $4,965 5.13%
    ROME, GA (FHA|USDA|VA) 1 $245,000 $245,000 $5,052 4.63%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 4 $240,000 $60,000 $1,796 4.88%
    VALDOSTA, GA (FHA|USDA|VA) 2 $220,000 $110,000 $3,385 4.06%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $205,000 $205,000 $4,797 4.50%
    St. Marys, GA (FHA|USDA|VA) 1 $175,000 $175,000 $4,096 4.63%
    Cornelia, GA (FHA|USDA|VA) 1 $145,000 $145,000 $3,830 3.88%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $125,000 $125,000 $3,276 4.63%
    Milledgeville, GA (FHA|USDA|VA) 1 $105,000 $105,000 $3,238 4.00%
    Dublin, GA (FHA|USDA|VA) 1 $65,000 $65,000 $2,817 4.25%
    Thomaston, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.25%
    Georgia's Own's top markets include Atlanta, Gainesville, Savannah, Athens, and Orlando among others.

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

    First National Bank of Griffin
    Similarity Rank: 592
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    Hamilton State Bank
    Similarity Rank: 1194
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1495
    LGE COMMUNITY
    Similarity Rank: 1960
    Victory Community Bank
    Similarity Rank: 2030
    CREDIT UNION OF GEORGIA
    Similarity Rank: 2366
    East West Bank
    Similarity Rank: 3192
    CharterBank
    Similarity Rank: 3374
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 3450

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 848 $128,010,000 $150,955 $2,531 5.10%

    For 2018, Georgia's Own's most frequently originated type of loan was Conventional, with 848 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 297 $70,725,000 $238,131 $4,475 4.60%
    Other 221 $22,575,000 $102,149 $1,519 5.39%
    Home Improvement 192 $11,910,000 $62,031 $539 5.74%
    Cash Out Refi 77 $16,035,000 $208,247 $4,309 4.47%
    Refi 61 $6,765,000 $110,902 $1,224 5.27%

    For 2018, Georgia's Own's most frequently cited loan purpose was Home Purchase, with 297 originations. The 2nd most popular reason was Other, with 221 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 373 $90,185,000 $241,783 $4,575 4.57%
    15 Year 233 $23,725,000 $101,824 $1,271 5.40%
    10 Year 206 $7,740,000 $37,573 $196 5.82%
    20 Year 36 $6,360,000 $176,667 $3,942 4.64%

    For 2018, Georgia's Own's most frequently cited loan duration was 30 Year, with 373 originations. The 2nd most popular length was 15 Year, with 233 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 378 $25,540,000 $67,566
    $1k-2k 163 $19,615,000 $120,337
    $2k-3k 132 $27,520,000 $208,485
    $3k-4k 125 $46,535,000 $372,280
    $5k+ 5 $3,655,000 $731,000
    $4k-5k 1 $255,000 $255,000

    Georgia's Own's average total fees were $4,575, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 378 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 316 $61,860,000 $195,759
    5-6% 241 $21,515,000 $89,274
    6-7% 144 $7,850,000 $54,514
    3-4% 114 $33,130,000 $290,614
    7-8% 23 $725,000 $31,522
    2.5-3% 10 $2,930,000 $293,000

    During 2018, Georgia's Own's average interest rate for loans was 4.57%, while their most frequently originated rate bucket for loans was 4-5%, with 316 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 399 $19,115,000 $47,907 $432 5.73%
    $100k-200k 221 $31,865,000 $144,186 $3,377 4.68%
    $200k-400k 169 $46,265,000 $273,757 $4,993 4.54%
    $400k-600k 50 $24,020,000 $480,400 $6,057 4.09%
    $600k-1MM 9 $6,745,000 $749,444 $6,456 3.79%

    2018 saw Georgia's Own place emphasis on $100,000 or less loans with 399 originations, totaling $19,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 219 $33,975,000 $155,137 $2,379 5.18%
    $50k-75k 176 $19,700,000 $111,932 $2,431 5.15%
    $75k-100k 163 $19,075,000 $117,025 $2,086 5.27%
    $150k-250k 137 $30,665,000 $223,832 $3,022 5.00%
    $50k or less 113 $10,715,000 $94,823 $2,484 4.95%
    $250k+ 30 $11,450,000 $381,667 $5,039 4.57%

    Georgia's Own lent most frequently to those with incomes in the $100k-150k range, with 219 originations. The second most popular income band? $50k-75k, with 176 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 182 $26,180,000 $143,846 $2,545 4.98%
    30-36% 134 $23,400,000 $174,627 $2,695 5.05%
    49% 55 $7,085,000 $128,818 $1,939 5.55%
    <20% 50 $6,810,000 $136,200 $2,897 4.79%
    39% 44 $8,310,000 $188,864 $3,209 4.93%
    43% 41 $5,875,000 $143,293 $2,660 4.95%
    40% 38 $5,410,000 $142,368 $2,509 5.19%
    36% 36 $5,300,000 $147,222 $2,460 5.17%
    38% 35 $4,885,000 $139,571 $2,116 5.22%
    42% 34 $5,260,000 $154,706 $2,696 5.24%
    37% 33 $6,625,000 $200,758 $3,341 4.93%
    41% 31 $4,555,000 $146,935 $2,088 5.45%
    44% 30 $4,700,000 $156,667 $2,186 4.90%
    45% 30 $3,680,000 $122,667 $2,060 5.32%
    47% 25 $3,255,000 $130,200 $1,986 5.38%
    46% 24 $3,230,000 $134,583 $2,846 5.17%
    48% 20 $2,440,000 $122,000 $2,343 5.40%
    50-60% 3 $205,000 $68,333 $0 5.23%

    Georgia's Own lent most frequently to those with DTI ratios of 20-30%, with 182 originations. The next most common DTI ratio? 30-36%, with 134 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 466 $64,680,000 $138,798 $2,169 5.19%
    Not provided 191 $36,315,000 $190,131 $3,341 4.80%
    Black 158 $22,290,000 $141,076 $2,814 5.12%
    Asian 23 $3,435,000 $149,348 $1,903 5.42%
    Asian Indian 2 $600,000 $300,000 $3,173 4.84%
    American Indian 4 $500,000 $125,000 $1,158 5.36%
    Native Hawaiian or Islander 3 $165,000 $55,000 $0 5.98%
    Other Pacific Islander 1 $25,000 $25,000 $0 7.15%

    Approval Rates

    Total approvals of all applications
    70.50%

    Georgia's Own has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    56.13%

    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 848 $128,010,000 $150,955

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $35,000 $35,000
    Single Family (1-4 Units):Site-Built 847 $127,975,000 $151,092

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 115 $7,875,000 $68,478 $634 5.65%
    40-60% 64 $8,430,000 $131,719 $3,371 4.40%
    60-80% 169 $38,115,000 $225,533 $4,269 4.53%
    80-100% 244 $62,490,000 $256,107 $4,713 4.53%
    Under 20% 253 $10,115,000 $39,980 $13 5.97%