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 and Refi loans. Georgia's Own has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Miami, Tampa, Orlando, and Gainesville among others. We have data for 62 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/21/24 |
| 30 Year Conventional Purchase | 6.49% | 4/21/24 |
| 30 Year Conventional Refi | 6.34% | 4/21/24 |
| 30 Year Cash-out Refi | 6.61% | 4/21/24 |
| 30 Year FHA Purchase | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 5.85% | 4/21/24 |
| 15 Year Conventional Refi | 6.24% | 4/21/24 |
| 15 Year Cash-out Refi | 6.24% | 4/21/24 |
| 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
2,735Origination Dollar Volume (All Markets)
$461,685,000Top 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) | 1,738 | $314,800,000 | $181,128 | $3,630 | 3.93% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 506 | $66,680,000 | $131,779 | $0 | 5.48% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 77 | $13,555,000 | $176,039 | $4,473 | 5.42% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 51 | $7,585,000 | $148,725 | $0 | 5.45% |
| Outside of Metro Areas | 41 | $6,455,000 | $157,439 | $3,907 | 3.80% |
| GAINESVILLE, GA (FHA|USDA|VA) | 38 | $6,050,000 | $159,211 | $3,471 | 4.08% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 25 | $5,665,000 | $226,600 | $0 | 5.11% |
| SAVANNAH, GA (FHA|USDA|VA) | 37 | $5,515,000 | $149,054 | $3,515 | 3.68% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 22 | $3,800,000 | $172,727 | $0 | 5.71% |
| Key West, FL (FHA|USDA|VA) | 12 | $3,330,000 | $277,500 | $0 | 5.30% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 16 | $2,760,000 | $172,500 | $0 | 5.41% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 9 | $2,155,000 | $239,444 | $6,120 | 5.21% |
| Jefferson, GA (FHA|USDA|VA) | 12 | $1,750,000 | $145,833 | $3,024 | 3.86% |
| ALBANY, GA (FHA|USDA|VA) | 12 | $1,650,000 | $137,500 | $3,376 | 3.51% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $1,485,000 | $495,000 | $6,407 | 4.16% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 8 | $1,450,000 | $181,250 | $0 | 5.71% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 7 | $1,305,000 | $186,429 | $2,290 | 5.31% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 8 | $1,120,000 | $140,000 | $3,150 | 4.00% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 7 | $1,065,000 | $152,143 | $4,740 | 4.05% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 8 | $860,000 | $107,500 | $3,654 | 5.18% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $3,480 | 2.81% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $0 | 5.74% |
| OCALA, FL (FHA|USDA|VA) | 5 | $565,000 | $113,000 | $0 | 5.54% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 4.99% |
| Statesboro, GA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $4,076 | 2.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $5,005 | 3.25% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 6 | $530,000 | $88,333 | $0 | 5.41% |
| LaGrange, GA-AL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,333 | 2.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $2,960 | 4.99% |
| Calhoun, GA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,028 | 3.44% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $0 | 5.74% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 7 | $405,000 | $57,857 | $0 | 5.63% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 6.62% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $3,851 | 3.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $335,000 | $67,000 | $0 | 6.09% |
| Palatka, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,683 | 3.13% |
| Alexander City, AL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,574 | 4.18% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 4.99% |
| DALTON, GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,957 | 3.13% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 4.29% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $270,000 | $67,500 | $0 | 5.06% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 5.99% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 6.24% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,515 | 2.63% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,567 | 4.00% |
| Milledgeville, GA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,442 | 3.38% |
| Douglas, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,258 | 2.50% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,835 | 3.25% |
| ROME, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,765 | 2.88% |
| Jesup, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,087 | 3.25% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.00% |
| Tifton, GA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,893 | 3.81% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,873 | 4.38% |
| Moultrie, GA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,464 | 2.63% |
| Dublin, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,097 | 3.13% |
| Americus, GA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $2,319 | 2.75% |
| Cordele, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,312 | 3.63% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.74% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.38% |
| Cornelia, GA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 4.50% |
| Albertville, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.24% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.49% |
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 | 1,468 | $184,260,000 | $125,518 | n/a | 5.22% |
| Conventional | 1,264 | $276,870,000 | $219,043 | $3,629 | 3.38% |
| VA | 3 | $555,000 | $185,000 | $5,575 | 2.88% |
For 2020, Georgia's Own's most frequently originated type of loan was HELOC, with 1,468 originations. Their 2nd most popular type was Conventional, with 1,264 originations.
Loan Reason
For 2020, Georgia's Own's most frequently cited loan purpose was Home Purchase, with 987 originations. The 2nd most popular reason was Refi, with 869 originations.
Loan Duration/Length
For 2020, Georgia's Own's most frequently cited loan duration was 30 Year, with 1,682 originations. The 2nd most popular length was 15 Year, with 456 originations.
Origination Fees/Closing Costs
Georgia's Own's average total fees were $4,371, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 603 originations.
Interest Rates
During 2020, Georgia's Own's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 3-4%, with 824 originations.
Loan Sizing
2020 saw Georgia's Own place emphasis on $100,000 or less loans with 1,029 originations, totaling $59,375,000 in origination value.
Applicant Income
Georgia's Own lent most frequently to those with incomes in the $150k-250k range, with 745 originations. The second most popular income band? $100k-150k, with 567 originations.
Applicant Debt to Income Ratio
Georgia's Own lent most frequently to those with DTI ratios of 20-30%, with 706 originations. The next most common DTI ratio? 30-36%, with 505 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.85%
Georgia's Own has a below average approval rate.
Pick Rate
Approvals leading to origination67.57%
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 | 2,735 | $461,685,000 | $168,806 |