Georgia's Own Mortgage Rates, Fees & Info
Atlanta, GALEI: 54930025XJJO3T0M1A92
Tax ID: 58-0147128
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Mortgage Data
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, Miami, Gainesville, Savannah, and Tampa among others. We have data for 54 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 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,348Origination Dollar Volume (All Markets)
$332,000,000Awards
GEORGIA'S OWN - 2019
GEORGIA'S OWN is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 1,444 | $236,860,000 | $164,030 | $3,428 | 4.77% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 595 | $52,155,000 | $87,655 | $0 | 6.50% |
| GAINESVILLE, GA (FHA|USDA|VA) | 44 | $6,720,000 | $152,727 | $3,250 | 4.85% |
| SAVANNAH, GA (FHA|USDA|VA) | 34 | $4,660,000 | $137,059 | $3,788 | 4.54% |
| Outside of Metro Areas | 25 | $4,655,000 | $186,200 | $3,520 | 4.62% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 34 | $3,560,000 | $104,706 | $0 | 6.43% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 29 | $3,005,000 | $103,621 | $0 | 6.52% |
| Jefferson, GA (FHA|USDA|VA) | 15 | $2,295,000 | $153,000 | $2,731 | 4.93% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 11 | $2,025,000 | $184,091 | $3,710 | 3.89% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 10 | $1,420,000 | $142,000 | $0 | 6.02% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 12 | $1,210,000 | $100,833 | $0 | 6.45% |
| Key West, FL (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $0 | 5.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 6 | $1,000,000 | $166,667 | $0 | 6.37% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 9 | $755,000 | $83,889 | $0 | 6.30% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $0 | 6.56% |
| Statesboro, GA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,598 | 3.17% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $0 | 5.91% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $6,606 | 3.88% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 5.49% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 6.49% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 5.99% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,879 | 3.56% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,975 | 4.44% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 6.49% |
| HINESVILLE, GA (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $3,727 | 3.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 5 | $395,000 | $79,000 | $3,052 | 4.27% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $0 | 6.37% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $3,319 | 5.45% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,692 | 4.00% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,477 | 3.50% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 4 | $250,000 | $62,500 | $0 | 6.68% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 6.37% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,980 | 4.63% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 6.62% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 6.12% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 6.07% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 6.16% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,189 | 2.75% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,059 | 4.94% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.99% |
| DALTON, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,018 | 3.38% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,078 | 3.50% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,737 | 5.25% |
| Wauchula, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.99% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.74% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.99% |
| Jesup, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.15% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.49% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.24% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.49% |
| OCALA, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.99% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.74% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.00% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.75% |
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 | 1,265 | $109,475,000 | $86,542 | n/a | 6.24% |
| Conventional | 1,083 | $222,525,000 | $205,471 | $3,438 | 4.19% |
For 2019, Georgia's Own's most frequently originated type of loan was HELOC, with 1,265 originations. Their 2nd most popular type was Conventional, with 1,083 originations.
Loan Reason
For 2019, Georgia's Own's most frequently cited loan purpose was Home Purchase, with 954 originations. The 2nd most popular reason was Other, with 480 originations.
Loan Duration/Length
For 2019, Georgia's Own's most frequently cited loan duration was 30 Year, with 1,449 originations. The 2nd most popular length was Other, with 325 originations.
Origination Fees/Closing Costs
Georgia's Own's average total fees were $4,749, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 338 originations.
Interest Rates
During 2019, Georgia's Own's average interest rate for loans was 5.40%, while their most frequently originated rate bucket for loans was 6-7%, with 714 originations.
Loan Sizing
2019 saw Georgia's Own place emphasis on $100,000 or less loans with 1,214 originations, totaling $57,300,000 in origination value.
Applicant Income
Georgia's Own lent most frequently to those with incomes in the $100k-150k range, with 554 originations. The second most popular income band? $150k-250k, with 522 originations.
Applicant Debt to Income Ratio
Georgia's Own lent most frequently to those with DTI ratios of 30-36%, with 479 originations. The next most common DTI ratio? 20-30%, with 459 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.90%
Georgia's Own has a below average approval rate.
Pick Rate
Approvals leading to origination68.53%
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 | 2,348 | $332,000,000 | $141,397 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $180,000 | $90,000 |
| Single Family (1-4 Units):Site-Built | 2,346 | $331,820,000 | $141,441 |