Lge Community Mortgage Rates, Fees & Info

Marietta, GA

LEI: 549300BTTIQWNC2CFA21

Tax ID: 58-6032554

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Mortgage Data

Review & Overview

Lge Community is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Lge Community has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Chattanooga, Calhoun, Rome, and Toccoa among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Lge Community 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. Lge Community 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
30 Year Conventional Purchase 6.69% 3/28/24
30 Year Conventional Refi 6.52% 3/28/24
30 Year Cash-out Refi 6.59% 3/28/24
15 Year Conventional Purchase 6.13% 3/28/24
15 Year Conventional Refi 5.65% 3/28/24
15 Year Cash-out Refi 5.65% 3/28/24
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.

Lge Community Mortgage Calculator






Your Estimates

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

This is not an official calculator from Lge Community. 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

510

Origination Dollar Volume (All Markets)

$84,210,000

Awards

LGE COMMUNITY 30 Year Conventional Loans gold LGE COMMUNITY 30 Year Conventional Loans silver
Show all (2) 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) 474 $74,870,000 $157,954 $4,069 4.62%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 5 $4,305,000 $861,000 $0 5.50%
Outside of Metro Areas 12 $1,810,000 $150,833 $2,802 4.59%
Calhoun, GA (FHA|USDA|VA) 8 $960,000 $120,000 $3,820 4.91%
ROME, GA (FHA|USDA|VA) 3 $675,000 $225,000 $6,009 5.33%
Toccoa, GA (FHA|USDA|VA) 2 $460,000 $230,000 $3,081 3.44%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $390,000 $195,000 $4,926 3.81%
GAINESVILLE, GA (FHA|USDA|VA) 1 $305,000 $305,000 $4,002 4.13%
DALTON, GA (FHA|USDA|VA) 1 $245,000 $245,000 $6,107 4.00%
SAVANNAH, GA (FHA|USDA|VA) 2 $190,000 $95,000 $4,549 4.13%
Lge Community's top markets include Atlanta, Chattanooga, Calhoun, Rome, and Toccoa among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against LGE COMMUNITY 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
    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 345 $72,485,000 $210,101 $4,044 4.33%
    HELOC 165 $11,725,000 $71,061 n/a 5.24%

    For 2018, Lge Community's most frequently originated type of loan was Conventional, with 345 originations. Their 2nd most popular type was HELOC, with 165 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 157 $33,665,000 $214,427 $4,577 4.33%
    Home Improvement 133 $11,015,000 $82,820 $3,588 5.11%
    Cash Out Refi 100 $17,590,000 $175,900 $3,767 4.28%
    Other 86 $10,950,000 $127,326 $3,624 4.71%
    Refi 22 $3,820,000 $173,636 $2,879 4.17%
    NA 12 $7,170,000 $597,500 $0 5.98%

    For 2018, Lge Community's most frequently cited loan purpose was Home Purchase, with 157 originations. The 2nd most popular reason was Home Improvement, with 133 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 219 $46,185,000 $210,890 $4,259 4.38%
    20 Year 145 $14,575,000 $100,517 $3,472 5.24%
    15 Year 74 $12,410,000 $167,703 $3,877 3.82%
    10 Year 60 $5,430,000 $90,500 $2,448 4.70%
    Other 9 $5,185,000 $576,111 $0 5.94%
    5 Year 2 $170,000 $85,000 $0 6.13%
    1 Year 1 $255,000 $255,000 $0 6.00%

    For 2018, Lge Community's most frequently cited loan duration was 30 Year, with 219 originations. The 2nd most popular length was 20 Year, with 145 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 84 $16,680,000 $198,571
    $2k-3k 74 $12,280,000 $165,946
    $1k-2k 63 $11,065,000 $175,635
    $3k-4k 61 $12,495,000 $204,836
    $4k-5k 28 $6,890,000 $246,071
    $5k+ 18 $5,050,000 $280,556

    Lge Community's average total fees were $4,259, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 84 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 247 $39,425,000 $159,615
    3-4% 124 $25,510,000 $205,726
    5-6% 117 $17,165,000 $146,709
    6-7% 16 $1,070,000 $66,875
    2.5-3% 6 $1,040,000 $173,333

    During 2018, Lge Community's average interest rate for loans was 4.38%, while their most frequently originated rate bucket for loans was 4-5%, with 247 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 210 $30,580,000 $145,619 $3,700 4.44%
    $100,000 or less 158 $8,860,000 $56,076 $2,593 5.12%
    $200k-400k 122 $32,460,000 $266,066 $4,788 4.29%
    $400k-600k 15 $6,665,000 $444,333 $5,275 4.32%
    $600k-1MM 3 $2,265,000 $755,000 $0 5.50%
    $1MM+ 2 $3,380,000 $1,690,000 $0 5.75%

    2018 saw Lge Community place emphasis on $100k-200k loans with 210 originations, totaling $30,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 138 $23,830,000 $172,681 $4,427 4.55%
    $50k-75k 105 $13,785,000 $131,286 $3,801 4.59%
    $75k-100k 98 $14,010,000 $142,959 $4,057 4.58%
    $150k-250k 86 $15,780,000 $183,488 $3,995 4.67%
    $50k or less 53 $5,275,000 $99,528 $3,374 4.52%
    $250k+ 15 $3,715,000 $247,667 $5,223 4.63%

    Lge Community lent most frequently to those with incomes in the $100k-150k range, with 138 originations. The second most popular income band? $50k-75k, with 105 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 151 $25,045,000 $165,861 $4,200 4.42%
    30-36% 101 $15,955,000 $157,970 $4,172 4.64%
    <20% 54 $7,970,000 $147,593 $3,476 4.42%
    36% 26 $4,850,000 $186,538 $4,681 4.68%
    38% 25 $3,035,000 $121,400 $3,566 4.85%
    43% 20 $3,010,000 $150,500 $3,280 4.62%
    40% 20 $3,430,000 $171,500 $4,485 4.56%
    37% 19 $2,215,000 $116,579 $3,649 4.68%
    39% 19 $2,445,000 $128,684 $3,643 4.99%
    41% 17 $1,945,000 $114,412 $4,474 4.71%
    44% 12 $1,680,000 $140,000 $3,155 4.61%
    42% 11 $1,475,000 $134,091 $4,338 4.85%
    45% 9 $1,295,000 $143,889 $5,361 4.89%
    48% 3 $475,000 $158,333 $954 4.67%
    47% 2 $310,000 $155,000 $2,410 4.44%
    49% 2 $530,000 $265,000 $5,383 4.31%
    50-60% 2 $190,000 $95,000 $5,671 4.81%
    >60% 2 $390,000 $195,000 $4,136 5.06%
    46% 1 $265,000 $265,000 $6,101 4.50%

    Lge Community lent most frequently to those with DTI ratios of 20-30%, with 151 originations. The next most common DTI ratio? 30-36%, with 101 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 388 $59,210,000 $152,603 $4,015 4.61%
    Not provided 55 $9,695,000 $176,273 $3,990 4.51%
    Black 48 $7,080,000 $147,500 $4,213 4.56%
    Not applicable 10 $6,840,000 $684,000 $0 5.95%
    Asian 6 $900,000 $150,000 $4,197 4.75%
    Native Hawaiian or Islander 1 $295,000 $295,000 $6,175 3.75%
    American Indian 2 $190,000 $95,000 $4,438 5.00%

    Approval Rates

    Total approvals of all applications
    80.86%

    Lge Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    70.78%

    Lge Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    2600.0 1 $445,000 $445,000
    NA 509 $83,765,000 $164,568

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 5 $4,305,000 $861,000
    Multifamily:Site-Built 1 $1,815,000 $1,815,000
    Single Family (1-4 Units):Site-Built 504 $78,090,000 $154,940

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 69 $6,545,000 $94,855 $3,096 4.89%
    40-60% 77 $11,365,000 $147,597 $2,975 4.35%
    60-80% 107 $19,125,000 $178,738 $3,752 4.33%
    80-100% 152 $35,340,000 $232,500 $4,806 4.33%
    Under 20% 93 $4,455,000 $47,903 $2,365 5.30%