Lge Community Mortgage Rates, Fees & Info
Marietta, GALEI: 549300BTTIQWNC2CFA21
Tax ID: 58-6032554
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Mortgage Data
Review & Overview
Lge Community is a smaller mortgage company specializing in Refi, 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, Gainesville, Cedartown, and Jefferson among others. We have data for 19 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.69% | 4/18/24 |
| 30 Year Conventional Refi | 6.52% | 4/18/24 |
| 30 Year Cash-out Refi | 6.59% | 4/18/24 |
| 15 Year Conventional Purchase | 6.13% | 4/18/24 |
| 15 Year Conventional Refi | 5.65% | 4/18/24 |
| 15 Year Cash-out Refi | 5.65% | 4/18/24 |
| 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
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This is not an official calculator from Lge Community. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
876Origination Dollar Volume (All Markets)
$185,940,000Top 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) | 819 | $175,035,000 | $213,718 | $3,414 | 3.05% |
| Outside of Metro Areas | 17 | $3,325,000 | $195,588 | $3,707 | 3.15% |
| Calhoun, GA (FHA|USDA|VA) | 11 | $1,895,000 | $172,273 | $3,683 | 3.02% |
| GAINESVILLE, GA (FHA|USDA|VA) | 5 | $1,445,000 | $289,000 | $3,695 | 3.06% |
| Cedartown, GA (FHA|USDA|VA) | 7 | $895,000 | $127,857 | $2,069 | 3.05% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,240 | 3.09% |
| Milledgeville, GA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,022 | 2.56% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,665 | 3.13% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,931 | 3.13% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,085 | 2.88% |
| Summerville, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,538 | 2.88% |
| DALTON, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,709 | 2.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,287 | 3.13% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,280 | 3.13% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,169 | 2.25% |
| ROME, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,388 | 3.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,718 | 3.00% |
| Dublin, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,398 | 2.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,872 | 4.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 876 | $185,940,000 | $212,260 | $3,416 | 3.05% |
For 2020, Lge Community's most frequently originated type of loan was Conventional, with 876 originations.
Loan Reason
For 2020, Lge Community's most frequently cited loan purpose was Refi, with 287 originations. The 2nd most popular reason was Cash Out Refi, with 269 originations.
Loan Duration/Length
For 2020, Lge Community's most frequently cited loan duration was 30 Year, with 407 originations. The 2nd most popular length was 15 Year, with 372 originations.
Origination Fees/Closing Costs
Lge Community's average total fees were $3,841, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 320 originations.
Interest Rates
During 2020, Lge Community's average interest rate for loans was 3.23%, while their most frequently originated rate bucket for loans was 2.5-3%, with 341 originations.
Loan Sizing
2020 saw Lge Community place emphasis on $100k-200k loans with 381 originations, totaling $56,835,000 in origination value.
Applicant Income
Lge Community lent most frequently to those with incomes in the $100k-150k range, with 224 originations. The second most popular income band? $50k-75k, with 167 originations.
Applicant Debt to Income Ratio
Lge Community lent most frequently to those with DTI ratios of 20-30%, with 295 originations. The next most common DTI ratio? <20%, with 168 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.53%
Lge Community has an average approval rate.
Pick Rate
Approvals leading to origination70.89%
Lge Community has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 876 | $185,940,000 | $212,260 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $65,000 | $65,000 |
| Single Family (1-4 Units):Site-Built | 875 | $185,875,000 | $212,429 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| LEXISNEXIS | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| LEXISNEXIS | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |