Lge Community Mortgage Rates, Fees & Info

Marietta, GA

LEI: 549300BTTIQWNC2CFA21

Tax ID: 58-6032554

5 stars - out of 5 stars, based on 29 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Lge Community is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Lge Community has a high proportion of conventional loans. Their top markets include Atlanta, Calhoun, Cedartown, Rome, and Dalton among others. Lge Community has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Lge Community is typically an average fee lendor.


Originations

836

Origination Dollar Volume (All Markets)

$171,110,000

Awards

LGE COMMUNITY 30 Year Conventional Loans gold LGE COMMUNITY 30 Year Conventional Loans gold
Show all (2) awards

Relative Rate

Lge Community's average 30 year fixed rate mortgage of loans were 2.88%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.27%.

Relative Fees

Lge Community's average total fees for a 30 year fixed rate mortgage are $3,649.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 798 $164,340,000 $205,940 $3,442 2.75%
Outside of Metro Areas 7 $1,345,000 $192,143 $3,818 2.65%
Calhoun, GA (FHA|USDA|VA) 5 $655,000 $131,000 $3,474 2.50%
Cedartown, GA (FHA|USDA|VA) 4 $580,000 $145,000 $4,386 3.22%
ROME, GA (FHA|USDA|VA) 4 $540,000 $135,000 $3,823 2.91%
DALTON, GA (FHA|USDA|VA) 3 $415,000 $138,333 $1,696 2.78%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $350,000 $175,000 $2,715 2.48%
Cornelia, GA (FHA|USDA|VA) 1 $335,000 $335,000 $2,486 2.50%
Jefferson, GA (FHA|USDA|VA) 1 $305,000 $305,000 $3,602 2.48%
LaGrange, GA-AL (FHA|USDA|VA) 1 $305,000 $305,000 $6,112 2.88%
Milledgeville, GA (FHA|USDA|VA) 1 $275,000 $275,000 $3,508 2.48%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $270,000 $135,000 $4,889 2.99%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $265,000 $265,000 $7,362 2.88%
BRUNSWICK, GA (FHA|USDA|VA) 1 $255,000 $255,000 $5,237 2.25%
Toccoa, GA (FHA|USDA|VA) 1 $225,000 $225,000 $3,217 2.50%
SAVANNAH, GA (FHA|USDA|VA) 1 $205,000 $205,000 $5,054 3.00%
Summerville, GA (FHA|USDA|VA) 1 $195,000 $195,000 $2,845 2.00%
GAINESVILLE, GA (FHA|USDA|VA) 1 $125,000 $125,000 $3,427 2.75%
VALDOSTA, GA (FHA|USDA|VA) 1 $125,000 $125,000 $4,267 2.38%

Lge Community's top markets include Atlanta, Calhoun, Cedartown, Rome, and Dalton among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 836 $171,110,000 $204,677 $3,458 2.74%

For the 2021 period, Lge Community's most frequently originated loan type of loans were Conventional, with 836 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 299 $65,105,000 $217,742 $3,747 2.77%
Refi 228 $42,640,000 $187,018 $3,155 2.64%
Home Purchase 130 $31,180,000 $239,846 $4,005 2.89%
Other 101 $17,805,000 $176,287 $2,858 2.69%
Home Improvement 78 $14,380,000 $184,359 $3,101 2.79%

For the 2021, Lge Community's most frequently cited loan purpose of loans were Cash Out Refi, with 299 originations. The 2nd most popular reason of loans were Refi, with 228 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 471 $108,825,000 $231,051 $3,649 2.88%
15 Year 260 $43,960,000 $169,077 $3,119 2.47%
20 Year 65 $13,415,000 $206,385 $3,977 2.94%
10 Year 39 $4,795,000 $122,949 $2,530 2.54%
Other 1 $115,000 $115,000 $0 4.50%

For the 2021, Lge Community's most frequently cited loan length of loans were 30 Year, with 471 originations. The 2nd most popular length of loans were 15 Year, with 260 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 312 $51,640,000 $165,513
$1k-2k 237 $49,355,000 $208,249
$3k-4k 127 $31,565,000 $248,543
$2k-3k 103 $19,465,000 $188,981
$5k+ 55 $18,905,000 $343,727

$3,649 of loans were Lge Community's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 312 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
<2.5% 345 $70,755,000 $205,087
2.5-3% 327 $68,895,000 $210,688
3-4% 148 $29,160,000 $197,027
4-5% 14 $2,130,000 $152,143
5-6% 2 $170,000 $85,000

During 2021, Lge Community's average interest rate of loans were 2.88%, while their most frequently originated rate bucket of loans were <2.5%, with 345 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 380 $57,070,000 $150,184 $2,933 2.74%
$200k-400k 301 $81,355,000 $270,282 $4,303 2.75%
$100,000 or less 108 $8,840,000 $81,852 $1,845 2.78%
$400k-600k 40 $18,940,000 $473,500 $5,757 2.54%
$600k-1MM 7 $4,905,000 $700,714 $7,031 3.06%

2021 saw Lge Community place emphasis on $100k-200k loans with 380 originations, totaling $57,070,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 207 $46,205,000 $223,213 $3,729 2.69%
$50k-75k 179 $28,805,000 $160,922 $3,043 2.78%
$75k-100k 158 $29,420,000 $186,203 $3,424 2.80%
$150k-250k 117 $34,655,000 $296,197 $4,639 2.72%
$50k or less 117 $16,605,000 $141,923 $2,870 2.77%
$250k+ 24 $7,930,000 $330,417 $4,706 2.53%

Lge Community lent most frequently to those with incomes in the $100k-150k range, with 207 originations. The second most popular income band? $50k-75k, with 179 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 270 $53,310,000 $197,444 $3,482 2.73%
<20% 170 $32,200,000 $189,412 $3,198 2.57%
30-36% 158 $34,650,000 $219,304 $3,771 2.79%
41% 29 $6,625,000 $228,448 $3,450 2.76%
39% 27 $6,505,000 $240,926 $4,220 2.90%
38% 26 $5,640,000 $216,923 $3,873 2.98%
43% 23 $5,065,000 $220,217 $3,958 2.91%
40% 23 $4,375,000 $190,217 $3,596 2.78%
36% 19 $4,115,000 $216,579 $3,603 2.90%
42% 17 $3,655,000 $215,000 $3,838 2.83%
37% 17 $3,565,000 $209,706 $3,468 2.87%
>60% 16 $3,380,000 $211,250 $489 2.72%
44% 15 $3,185,000 $212,333 $3,441 2.74%
46% 6 $840,000 $140,000 $2,179 2.90%
45% 5 $1,005,000 $201,000 $3,906 2.71%
48% 2 $410,000 $205,000 $4,716 3.25%
49% 2 $430,000 $215,000 $4,714 2.56%
50-60% 1 $205,000 $205,000 $3,071 2.48%

Lge Community lent most frequently to those with DTI ratios of 20-30%, with 270 originations. The next most common DTI ratio? <20%, with 170 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 569 $116,585,000 $204,895 $3,461 2.71%
Not provided 147 $31,845,000 $216,633 $3,574 2.81%
Black 97 $17,115,000 $176,443 $3,372 2.81%
Asian 14 $4,000,000 $285,714 $3,465 2.64%
American Indian 6 $950,000 $158,333 $1,575 2.70%
Chinese 1 $315,000 $315,000 $4,431 2.48%
Japanese 1 $185,000 $185,000 $2,717 2.48%
Not applicable 1 $115,000 $115,000 $0 4.50%

Approval Rates

Total approvals of all applications
85.93%

Lge Community has an average approval rate.

Pick Rate

Approvals leading to origination
72.58%

Lge Community has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 836 $171,110,000 $204,677

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
836 $171,110,000 $204,677

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 146 $16,820,000 $115,205 $2,059 2.62%
40-60% 248 $44,670,000 $180,121 $3,162 2.69%
60-80% 295 $74,095,000 $251,169 $4,118 2.79%
80-100% 134 $34,360,000 $256,418 $4,221 2.89%
Under 20% 12 $990,000 $82,500 $1,497 2.61%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
LEXISNEXIS Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%