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 Cash Out Refi and Home Purchase loans. Lge Community has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Calhoun, Dalton, Statesboro, and Cedartown among others. We have data for 9 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.

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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

655

Origination Dollar Volume (All Markets)

$114,045,000

Awards

LGE COMMUNITY 30 Year Conventional Loans gold LGE COMMUNITY 30 Year Conventional Loans gold
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) 630 $109,410,000 $173,667 $3,828 4.14%
Outside of Metro Areas 10 $2,690,000 $269,000 $3,683 3.87%
Calhoun, GA (FHA|USDA|VA) 7 $885,000 $126,429 $3,589 3.98%
DALTON, GA (FHA|USDA|VA) 2 $300,000 $150,000 $3,276 3.94%
Statesboro, GA (FHA|USDA|VA) 1 $245,000 $245,000 $5,220 4.50%
Cedartown, GA (FHA|USDA|VA) 1 $195,000 $195,000 $4,244 3.63%
Jefferson, GA (FHA|USDA|VA) 1 $175,000 $175,000 $4,628 3.00%
BRUNSWICK, GA (FHA|USDA|VA) 1 $75,000 $75,000 $2,763 3.38%
ROME, GA (FHA|USDA|VA) 2 $70,000 $35,000 $0 5.50%
Lge Community's top markets include Atlanta, Calhoun, Dalton, Statesboro, and Cedartown 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.

    Emory Alliance Credit Union
    Similarity Rank: 516
    LGE COMMUNITY
    Similarity Rank: 1503
    FLAT BRANCH MORTGAGE, INC.
    Similarity Rank: 3174
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    IVY MORTGAGE, INC.
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    VICTORY MORTGAGE, L.L.C.
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    RBC Bank, (Georgia)
    Similarity Rank: 4710

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 516 $105,120,000 $203,721 $3,823 3.73%
    HELOC 139 $8,925,000 $64,209 n/a 5.63%

    For 2019, Lge Community's most frequently originated type of loan was Conventional, with 516 originations. Their 2nd most popular type was HELOC, with 139 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 178 $35,690,000 $200,506 $4,044 3.76%
    Home Purchase 163 $36,135,000 $221,687 $4,168 3.92%
    Home Improvement 137 $12,115,000 $88,431 $3,305 5.10%
    Other 111 $18,935,000 $170,586 $3,755 4.25%
    Refi 66 $11,170,000 $169,242 $2,787 3.47%

    For 2019, Lge Community's most frequently cited loan purpose was Cash Out Refi, with 178 originations. The 2nd most popular reason was Home Purchase, with 163 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 348 $75,990,000 $218,362 $4,048 3.86%
    20 Year 179 $16,775,000 $93,715 $3,685 5.24%
    15 Year 110 $19,290,000 $175,364 $3,404 3.28%
    10 Year 17 $1,935,000 $113,824 $2,420 3.51%
    Other 1 $55,000 $55,000 $1,360 6.50%

    For 2019, Lge Community's most frequently cited loan duration was 30 Year, with 348 originations. The 2nd most popular length was 20 Year, with 179 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 152 $28,110,000 $184,934
    $<1k 142 $23,160,000 $163,099
    $2k-3k 105 $22,355,000 $212,905
    $3k-4k 56 $12,870,000 $229,821
    $5k+ 33 $9,905,000 $300,152
    $4k-5k 28 $8,720,000 $311,429

    Lge Community's average total fees were $4,048, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 152 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 314 $65,970,000 $210,096
    4-5% 120 $21,540,000 $179,500
    5-6% 115 $8,705,000 $75,696
    2.5-3% 81 $16,455,000 $203,148
    6-7% 25 $1,375,000 $55,000

    During 2019, Lge Community's average interest rate for loans was 3.86%, while their most frequently originated rate bucket for loans was 3-4%, with 314 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 252 $37,240,000 $147,778 $3,147 3.88%
    $200k-400k 206 $55,850,000 $271,117 $4,832 3.71%
    $100,000 or less 173 $10,245,000 $59,220 $2,030 5.10%
    $400k-600k 23 $10,105,000 $439,348 $5,967 3.43%
    $600k-1MM 1 $605,000 $605,000 $8,238 4.50%

    2019 saw Lge Community place emphasis on $100k-200k loans with 252 originations, totaling $37,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 172 $32,290,000 $187,733 $4,301 4.22%
    $50k-75k 160 $22,880,000 $143,000 $3,273 4.06%
    $75k-100k 134 $24,310,000 $181,418 $3,740 4.09%
    $150k-250k 86 $19,570,000 $227,558 $4,895 4.27%
    $50k or less 81 $9,635,000 $118,951 $3,252 4.05%
    $250k+ 15 $3,955,000 $263,667 $4,594 4.18%

    Lge Community lent most frequently to those with incomes in the $100k-150k range, with 172 originations. The second most popular income band? $50k-75k, with 160 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 186 $33,130,000 $178,118 $3,614 4.08%
    30-36% 153 $27,225,000 $177,941 $3,922 4.21%
    <20% 78 $11,700,000 $150,000 $3,260 3.82%
    42% 29 $4,555,000 $157,069 $3,903 4.40%
    36% 27 $4,835,000 $179,074 $4,033 4.35%
    38% 27 $4,675,000 $173,148 $4,063 4.08%
    37% 26 $4,650,000 $178,846 $3,838 4.11%
    41% 23 $4,485,000 $195,000 $4,580 4.11%
    39% 23 $4,195,000 $182,391 $4,425 4.22%
    43% 23 $3,335,000 $145,000 $4,573 4.47%
    40% 21 $3,745,000 $178,333 $3,700 4.07%
    44% 19 $3,775,000 $198,684 $5,241 4.34%
    >60% 8 $1,500,000 $187,500 $2,727 4.15%
    45% 4 $760,000 $190,000 $1,696 4.53%
    46% 3 $465,000 $155,000 $4,586 3.88%
    49% 2 $200,000 $100,000 $3,654 3.81%
    47% 2 $660,000 $330,000 $4,753 4.13%

    Lge Community lent most frequently to those with DTI ratios of 20-30%, with 186 originations. The next most common DTI ratio? 30-36%, with 153 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 468 $81,330,000 $173,782 $3,767 4.11%
    Not provided 98 $16,020,000 $163,469 $3,755 4.20%
    Black 72 $13,140,000 $182,500 $4,121 4.13%
    Asian 10 $2,220,000 $222,000 $4,718 4.36%
    American Indian 5 $995,000 $199,000 $4,303 4.71%
    Native Hawaiian or Islander 2 $340,000 $170,000 $3,353 4.75%

    Approval Rates

    Total approvals of all applications
    81.45%

    Lge Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    66.56%

    Lge Community 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 655 $114,045,000 $174,115

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 654 $113,990,000 $174,297

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 89 $7,615,000 $85,562 $2,271 4.63%
    40-60% 98 $16,130,000 $164,592 $3,174 3.70%
    60-80% 201 $40,465,000 $201,318 $3,751 3.76%
    80-100% 183 $45,825,000 $250,410 $4,615 3.86%
    Under 20% 83 $3,855,000 $46,446 $1,349 5.63%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    LEXISNEXIS Other type of mortgage Trouble during payment process 1 100.0%