Lge Community Mortgage Rates, Fees & Info

Marietta, GA

LEI: 549300BTTIQWNC2CFA21

Tax ID: 58-6032554

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Lge Community is a smaller mortgage company specializing in Other, Home Improvement, and Home Purchase loans. Lge Community has a high proportion of conventional loans. Lge Community has an average proportion of conventional loans. Their top markets by origination volume include: Atlanta, Athens, Calhoun, Cedartown, and Fort Payne among others. We have data for 14 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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    Originations

    572

    Origination Dollar Volume (All Markets)

    $70,740,000

    Awards

    LGE COMMUNITY 30 Year Conventional Loans gold LGE COMMUNITY 30 Year Conventional Loans gold LGE COMMUNITY 30 Year Conventional Loans silver
    Show all (3) 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) 545 $68,255,000 $125,239 $2,508 7.61%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 4 $440,000 $110,000 $1,860 6.34%
    Calhoun, GA (FHA|USDA|VA) 6 $430,000 $71,667 $2,532 7.56%
    Cedartown, GA (FHA|USDA|VA) 4 $360,000 $90,000 $2,166 7.84%
    Fort Payne, AL (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    Outside of Metro Areas 4 $260,000 $65,000 $2,203 8.50%
    LaGrange, GA-AL (FHA|USDA|VA) 1 $205,000 $205,000 $3,244 6.38%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $95,000 $95,000 $2,773 6.25%
    ROME, GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Summerville, GA (FHA|USDA|VA) 1 $55,000 $55,000 $1,567 8.13%
    DALTON, GA (FHA|USDA|VA) 1 $55,000 $55,000 $2,117 9.50%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $45,000 $45,000 $1,343 8.25%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $35,000 $35,000 $1,747 8.38%
    Lge Community's top markets include Atlanta, Athens, Calhoun, Cedartown, and Fort Payne among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • Alabama (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.

    LGE COMMUNITY
    Similarity Rank: 546
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 900
    East West Bank
    Similarity Rank: 925
    SANCTUARY HOME MORTGAGE LLC
    Similarity Rank: 1076
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1320
    First American Bank and Trust Company
    Similarity Rank: 1608
    PEACH STATE FEDERAL CREDIT UNION
    Similarity Rank: 1656
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 1700
    COCA-COLA
    Similarity Rank: 2847
    South Pacific Financial Corporation
    Similarity Rank: 2904

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 370 $50,780,000 $137,243 $2,487 7.61%
    Conventional 202 $19,960,000 $98,812 $0 0.00%

    For 2023, Lge Community's most frequently originated type of loan was Conventional, with 370 originations. Their 2nd most popular type was Conventional, with 202 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 237 $19,235,000 $81,160 $1,732 8.23%
    Home Improvement 223 $20,115,000 $90,202 $1,928 7.98%
    Home Purchase 82 $26,010,000 $317,195 $4,714 6.06%
    Cash Out Refi 19 $3,495,000 $183,947 $3,741 6.28%
    Refi 11 $1,885,000 $171,364 $3,108 6.88%

    For 2023, Lge Community's most frequently cited loan purpose was Other, with 237 originations. The 2nd most popular reason was Home Improvement, with 223 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 208 $16,100,000 $77,404 $1,800 8.23%
    Other 202 $19,960,000 $98,812 $0 0.00%
    30 Year 96 $30,480,000 $317,500 $4,544 6.07%
    10 Year 51 $3,145,000 $61,667 $1,560 8.00%
    5 Year 14 $850,000 $60,714 $1,362 7.67%
    20 Year 1 $205,000 $205,000 $4,842 5.88%

    For 2023, Lge Community's most frequently cited loan duration was 15 Year, with 208 originations. The 2nd most popular length was Other, with 202 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 186 $13,120,000 $70,538
    $1k-2k 128 $25,110,000 $196,172
    $2k-3k 16 $3,700,000 $231,250
    $3k-4k 11 $3,765,000 $342,273
    $5k+ 4 $1,460,000 $365,000
    $4k-5k 3 $1,105,000 $368,333

    Lge Community's average total fees were $4,544, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 186 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 154 $10,920,000 $70,909
    7-8% 112 $7,940,000 $70,893
    5-6% 53 $17,425,000 $328,774
    6-7% 50 $14,340,000 $286,800
    4-5% 1 $155,000 $155,000

    During 2023, Lge Community's average interest rate for loans was 6.07%, while their most frequently originated rate bucket for loans was Over 8%, with 154 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 349 $20,195,000 $57,865 $1,549 8.18%
    $100k-200k 120 $16,060,000 $133,833 $2,379 7.64%
    $200k-400k 79 $21,675,000 $274,367 $4,789 6.03%
    $400k-600k 18 $8,830,000 $490,556 $5,848 6.03%
    $600k-1MM 6 $3,980,000 $663,333 $5,689 5.94%

    2023 saw Lge Community place emphasis on $100,000 or less loans with 349 originations, totaling $20,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 182 $21,490,000 $118,077 $2,436 7.68%
    $150k-250k 136 $20,350,000 $149,632 $2,878 7.59%
    $75k-100k 100 $10,830,000 $108,300 $2,473 7.61%
    $50k-75k 75 $6,425,000 $85,667 $2,170 7.67%
    $250k+ 38 $7,200,000 $189,474 $2,839 7.51%
    $50k or less 25 $2,055,000 $82,200 $2,145 7.39%

    Lge Community lent most frequently to those with incomes in the $100k-150k range, with 182 originations. The second most popular income band? $150k-250k, with 136 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 202 $19,960,000 $98,812 $0 0.00%
    20-30% 66 $10,180,000 $154,242 $2,594 7.30%
    30-36% 47 $6,895,000 $146,702 $2,647 7.79%
    42% 22 $2,900,000 $131,818 $2,736 7.77%
    43% 21 $2,235,000 $106,429 $2,192 7.92%
    <20% 20 $2,550,000 $127,500 $2,743 6.83%
    44% 20 $2,490,000 $124,500 $2,251 7.94%
    49% 19 $3,635,000 $191,316 $3,095 7.32%
    37% 19 $2,105,000 $110,789 $2,169 8.03%
    41% 18 $2,810,000 $156,111 $2,377 7.56%
    48% 16 $1,790,000 $111,875 $2,126 8.02%
    38% 15 $1,735,000 $115,667 $2,382 7.46%
    46% 15 $1,835,000 $122,333 $2,098 7.47%
    36% 13 $1,775,000 $136,538 $2,530 7.67%
    47% 13 $1,105,000 $85,000 $2,010 8.30%
    45% 12 $1,780,000 $148,333 $2,816 7.36%
    39% 11 $1,235,000 $112,273 $2,387 8.03%
    40% 9 $1,605,000 $178,333 $2,717 7.53%
    >60% 9 $1,615,000 $179,444 $1,081 7.21%
    50-60% 3 $295,000 $98,333 $2,467 7.96%

    Lge Community lent most frequently to those with DTI ratios of Exempt%, with 202 originations. The next most common DTI ratio? 20-30%, with 66 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 414 $47,200,000 $114,010 $2,440 7.68%
    Not provided 72 $11,040,000 $153,333 $2,429 7.50%
    Black 68 $7,480,000 $110,000 $2,309 7.61%
    Asian 10 $2,860,000 $286,000 $4,133 6.28%
    Asian Indian 2 $1,180,000 $590,000 $5,750 5.88%
    Native Hawaiian or Islander 1 $485,000 $485,000 $5,166 5.88%
    American Indian 3 $315,000 $105,000 $2,080 8.33%
    Not applicable 2 $180,000 $90,000 $0 7.50%

    Approval Rates

    Total approvals of all applications
    81.58%

    Lge Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    71.85%

    Lge Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 202 $19,960,000 $98,812
    NA 370 $50,780,000 $137,243

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    572 $70,740,000 $123,671

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 62 $6,710,000 $108,226 $2,098 7.90%
    40-60% 27 $6,025,000 $223,148 $3,598 6.32%
    60-80% 29 $10,155,000 $350,172 $5,289 6.00%
    80-100% 39 $14,955,000 $383,462 $5,191 6.02%
    Under 20% 213 $12,935,000 $60,728 $1,565 8.20%