Atlanta Postal Mortgage Rates, Fees & Info

Atlanta, GA

LEI: 549300JGK6WNKYXQ0821

Tax ID: 58-0146810

5 stars - out of 5 stars, based on 24 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Atlanta Postal is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Atlanta Postal has a high proportion of conventional loans. Their top markets include Atlanta, Columbus, Charlotte, Athens, and Rome among others. Atlanta Postal 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. Atlanta Postal is typically an average fee lendor.


Originations

591

Origination Dollar Volume (All Markets)

$105,255,000

Awards

ATLANTA POSTAL 30 Year Conventional Loans silver
Show all (1) awards

Relative Rate

Atlanta Postal's average 30 year fixed rate mortgage of loans were 3.17%.

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

This yields a difference of 0.02%.

Relative Fees

Atlanta Postal's average total fees for a 30 year fixed rate mortgage are $3,355.

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) 287 $49,685,000 $173,118 $2,766 3.06%
Outside of Metro Areas 57 $10,165,000 $178,333 $2,931 2.99%
COLUMBUS, GA-AL (FHA|USDA|VA) 15 $1,875,000 $125,000 $2,660 2.74%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 8 $1,710,000 $213,750 $4,125 3.06%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 6 $1,670,000 $278,333 $3,047 3.27%
ROME, GA (FHA|USDA|VA) 9 $1,595,000 $177,222 $2,575 3.10%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,340,000 $223,333 $4,292 3.04%
GAINESVILLE, GA (FHA|USDA|VA) 4 $1,180,000 $295,000 $3,649 2.94%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $1,120,000 $280,000 $3,582 2.91%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 10 $1,070,000 $107,000 $2,228 2.60%
SAVANNAH, GA (FHA|USDA|VA) 7 $965,000 $137,857 $2,404 3.90%
Jefferson, GA (FHA|USDA|VA) 4 $950,000 $237,500 $3,264 2.94%
WILMINGTON, NC (FHA|USDA|VA) 2 $910,000 $455,000 $3,495 2.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $885,000 $177,000 $3,262 3.68%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $815,000 $271,667 $4,307 2.71%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $810,000 $405,000 $4,159 2.63%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $690,000 $345,000 $3,754 3.13%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $685,000 $228,333 $3,179 2.88%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 7 $675,000 $96,429 $2,603 3.09%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $665,000 $133,000 $3,431 3.08%
Cornelia, GA (FHA|USDA|VA) 3 $655,000 $218,333 $2,607 3.67%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $620,000 $310,000 $3,328 2.88%
FAYETTEVILLE, NC (FHA|USDA|VA) 3 $615,000 $205,000 $3,864 2.71%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $605,000 $605,000 $3,376 3.13%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $600,000 $150,000 $2,954 2.91%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $580,000 $290,000 $3,023 3.13%
ASHEVILLE, NC (FHA|USDA|VA) 4 $570,000 $142,500 $3,234 2.75%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $565,000 $188,333 $3,392 2.83%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $565,000 $188,333 $3,819 2.88%
COLUMBIA, SC (FHA|USDA|VA) 3 $535,000 $178,333 $3,226 2.76%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 2 $530,000 $265,000 $3,765 2.88%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $495,000 $165,000 $2,843 3.75%
BATON ROUGE, LA (FHA|USDA|VA) 1 $485,000 $485,000 $3,111 3.50%
WARNER ROBINS, GA (FHA|USDA|VA) 3 $475,000 $158,333 $2,735 3.13%
VALDOSTA, GA (FHA|USDA|VA) 2 $470,000 $235,000 $3,237 2.81%
PANAMA CITY, FL (FHA|USDA|VA) 2 $470,000 $235,000 $4,123 3.13%
Cedartown, GA (FHA|USDA|VA) 3 $465,000 $155,000 $3,046 3.58%
Alexander City, AL (FHA|USDA|VA) 1 $465,000 $465,000 $4,319 2.63%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $455,000 $455,000 $5,214 3.38%
Thomaston, GA (FHA|USDA|VA) 1 $455,000 $455,000 $2,976 2.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $450,000 $112,500 $2,551 2.76%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $430,000 $215,000 $2,952 3.00%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $415,000 $138,333 $3,106 2.79%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $400,000 $200,000 $2,711 3.00%
St. Marys, GA (FHA|USDA|VA) 1 $385,000 $385,000 $4,081 3.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $385,000 $385,000 $4,298 3.13%
PITTSBURGH, PA (FHA|USDA|VA) 2 $360,000 $180,000 $4,155 2.63%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $345,000 $345,000 $3,612 2.88%
Ozark, AL (FHA|USDA|VA) 1 $335,000 $335,000 $3,739 2.88%
OCALA, FL (FHA|USDA|VA) 3 $335,000 $111,667 $3,559 2.71%
Clearlake, CA (FHA|USDA|VA) 1 $325,000 $325,000 $5,946 2.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $320,000 $160,000 $3,151 2.50%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $290,000 $145,000 $3,055 3.81%
FLORENCE, SC (FHA|USDA|VA) 1 $275,000 $275,000 $3,706 3.38%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $265,000 $265,000 $4,497 3.13%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $265,000 $265,000 $3,030 2.63%
HINESVILLE, GA (FHA|USDA|VA) 2 $260,000 $130,000 $2,657 3.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,044 2.38%
MOBILE, AL (FHA|USDA|VA) 1 $255,000 $255,000 $3,190 2.88%
ROCHESTER, MN (FHA|USDA|VA) 1 $255,000 $255,000 $3,794 2.88%
BURLINGTON, NC (FHA|USDA|VA) 1 $245,000 $245,000 $2,455 2.63%
Seneca, SC (FHA|USDA|VA) 2 $240,000 $120,000 $2,793 2.63%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $240,000 $120,000 $2,677 3.81%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $235,000 $235,000 $3,745 2.75%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $235,000 $235,000 $0 3.13%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $235,000 $235,000 $3,520 2.88%
KNOXVILLE, TN (FHA|USDA|VA) 1 $235,000 $235,000 $2,740 3.63%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $230,000 $115,000 $2,217 2.95%
DALTON, GA (FHA|USDA|VA) 3 $225,000 $75,000 $2,837 2.96%
Elizabeth City, NC (FHA|USDA|VA) 1 $225,000 $225,000 $4,029 2.88%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $220,000 $110,000 $3,303 2.75%
Granbury, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,024 3.13%
SUMTER, SC (FHA|USDA|VA) 1 $205,000 $205,000 $3,922 2.63%
Batesville, AR (FHA|USDA|VA) 1 $205,000 $205,000 $0 2.88%
ANCHORAGE, AK (FHA|USDA|VA) 1 $205,000 $205,000 $4,378 2.38%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $200,000 $100,000 $2,464 2.45%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $200,000 $100,000 $3,101 2.88%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $195,000 $195,000 $2,896 3.51%
ROANOKE, VA (FHA|USDA|VA) 1 $185,000 $185,000 $2,181 2.88%
BRUNSWICK, GA (FHA|USDA|VA) 1 $185,000 $185,000 $2,730 3.51%
Vidalia, GA (FHA|USDA|VA) 1 $185,000 $185,000 $3,758 3.38%
MEDFORD, OR (FHA|USDA|VA) 1 $175,000 $175,000 $3,359 2.88%
ALBANY, GA (FHA|USDA|VA) 2 $170,000 $85,000 $1,863 2.38%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,489 3.13%
Baraboo, WI (FHA|USDA|VA) 1 $165,000 $165,000 $3,570 2.38%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $165,000 $165,000 $3,044 3.13%
GAINESVILLE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,212 2.88%
Milledgeville, GA (FHA|USDA|VA) 1 $155,000 $155,000 $3,097 2.88%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $145,000 $145,000 $2,868 2.88%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,155 2.63%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,346 2.88%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $135,000 $135,000 $3,513 2.88%
Thomasville, GA (FHA|USDA|VA) 1 $135,000 $135,000 $3,524 2.38%
Columbus, MS (FHA|USDA|VA) 1 $135,000 $135,000 $3,174 2.63%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $135,000 $135,000 $2,851 3.13%
Brookhaven, MS (FHA|USDA|VA) 1 $135,000 $135,000 $3,912 3.13%
Paragould, AR (FHA|USDA|VA) 1 $135,000 $135,000 $1,870 2.75%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,595 2.38%
Cullman, AL (FHA|USDA|VA) 1 $125,000 $125,000 $2,887 2.88%
DuBois, PA (FHA|USDA|VA) 1 $105,000 $105,000 $3,409 2.38%
Sevierville, TN (FHA|USDA|VA) 1 $105,000 $105,000 $2,265 2.63%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $105,000 $105,000 $3,050 2.38%
Eufaula, AL-GA (FHA|USDA|VA) 1 $105,000 $105,000 $2,865 2.88%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $105,000 $105,000 $2,745 2.88%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $105,000 $105,000 $2,864 2.38%
CLEVELAND, TN (FHA|USDA|VA) 1 $85,000 $85,000 $2,697 2.88%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $85,000 $85,000 $3,550 2.75%
Mountain Home, AR (FHA|USDA|VA) 1 $75,000 $75,000 $2,674 2.63%
Statesboro, GA (FHA|USDA|VA) 1 $75,000 $75,000 $1,831 2.78%
Jasper, AL (FHA|USDA|VA) 1 $75,000 $75,000 $2,833 2.63%
TOLEDO, OH (FHA|USDA|VA) 1 $65,000 $65,000 $1,625 4.50%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $65,000 $65,000 $2,692 2.53%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $55,000 $55,000 $1,571 4.50%
MONTGOMERY, AL (FHA|USDA|VA) 1 $55,000 $55,000 $2,587 3.26%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $45,000 $45,000 $2,485 2.28%
NEW BERN, NC (FHA|USDA|VA) 1 $25,000 $25,000 $1,445 6.00%

Atlanta Postal's top markets include Atlanta, Columbus, Charlotte, Athens, and Rome among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 573 $101,685,000 $177,461 $2,931 3.03%
VA 18 $3,570,000 $198,333 $4,264 2.83%

For the 2021 period, Atlanta Postal's most frequently originated loan type of loans were Conventional, with 573 originations. Their 2nd most popular type is VA, with 18 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 306 $55,290,000 $180,686 $2,883 2.96%
Refi 122 $18,840,000 $154,426 $2,674 2.82%
Home Purchase 96 $21,920,000 $228,333 $3,809 3.15%
Other 38 $4,290,000 $112,895 $2,195 3.64%
Home Improvement 29 $4,915,000 $169,483 $2,935 3.28%

For the 2021, Atlanta Postal's most frequently cited loan purpose of loans were Cash Out Refi, with 306 originations. The 2nd most popular reason of loans were Refi, with 122 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 267 $57,835,000 $216,610 $3,355 3.17%
15 Year 156 $21,530,000 $138,013 $2,689 2.79%
20 Year 90 $17,480,000 $194,222 $2,819 2.99%
10 Year 72 $7,090,000 $98,472 $2,210 2.98%
5 Year 3 $135,000 $45,000 $1,859 3.76%
Other 3 $1,185,000 $395,000 $3,789 2.63%

For the 2021, Atlanta Postal's most frequently cited loan length of loans were 30 Year, with 267 originations. The 2nd most popular length of loans were 15 Year, with 156 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 297 $63,205,000 $212,811
$<1k 287 $39,395,000 $137,265
$2k-3k 7 $2,655,000 $379,286

$3,355 of loans were Atlanta Postal's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 297 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 271 $50,615,000 $186,771
3-4% 180 $37,490,000 $208,278
<2.5% 97 $12,935,000 $133,351
4-5% 25 $2,445,000 $97,800
5-6% 16 $1,670,000 $104,375
6-7% 2 $100,000 $50,000

During 2021, Atlanta Postal's average interest rate of loans were 3.17%, while their most frequently originated rate bucket of loans were 2.5-3%, with 271 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 248 $35,800,000 $144,355 $2,768 2.93%
$200k-400k 178 $47,750,000 $268,258 $3,631 2.95%
$100,000 or less 139 $8,835,000 $63,561 $2,177 3.26%
$400k-600k 23 $10,765,000 $468,043 $4,082 2.98%
$600k-1MM 3 $2,105,000 $701,667 $4,886 4.08%

2021 saw Atlanta Postal place emphasis on $100k-200k loans with 248 originations, totaling $35,800,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 165 $24,475,000 $148,333 $2,816 3.04%
$100k-150k 134 $28,550,000 $213,060 $3,240 2.93%
$75k-100k 126 $20,620,000 $163,651 $2,865 3.09%
$50k or less 84 $9,330,000 $111,071 $2,612 2.91%
$150k-250k 70 $17,520,000 $250,286 $3,089 3.14%
$250k+ 11 $4,645,000 $422,273 $3,723 3.28%

Atlanta Postal lent most frequently to those with incomes in the $50k-75k range, with 165 originations. The second most popular income band? $100k-150k, with 134 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 162 $28,760,000 $177,531 $2,862 2.93%
30-36% 111 $19,365,000 $174,459 $2,952 2.99%
<20% 87 $14,175,000 $162,931 $2,815 2.88%
44% 24 $4,510,000 $187,917 $3,002 3.25%
37% 23 $3,505,000 $152,391 $2,846 2.85%
41% 21 $3,325,000 $158,333 $2,947 3.17%
43% 21 $3,925,000 $186,905 $3,095 3.13%
36% 20 $4,190,000 $209,500 $2,929 3.14%
42% 19 $3,265,000 $171,842 $2,789 3.13%
39% 17 $3,485,000 $205,000 $3,889 3.23%
38% 13 $2,355,000 $181,154 $2,864 3.09%
49% 13 $1,815,000 $139,615 $2,859 3.38%
46% 13 $2,565,000 $197,308 $2,770 3.47%
40% 13 $2,565,000 $197,308 $3,019 3.36%
48% 12 $3,330,000 $277,500 $3,821 2.92%
47% 8 $1,730,000 $216,250 $3,400 2.88%
45% 6 $1,360,000 $226,667 $3,449 3.10%
50-60% 6 $670,000 $111,667 $2,317 3.46%
>60% 1 $245,000 $245,000 $2,455 2.63%

Atlanta Postal lent most frequently to those with DTI ratios of 20-30%, with 162 originations. The next most common DTI ratio? 30-36%, with 111 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 325 $59,595,000 $183,369 $3,037 3.00%
Black 165 $25,275,000 $153,182 $2,715 3.10%
Not provided 92 $18,560,000 $201,739 $2,968 2.97%
American Indian 2 $490,000 $245,000 $4,383 2.88%
Asian Indian 2 $440,000 $220,000 $2,629 2.63%
Other Pacific Islander 2 $310,000 $155,000 $3,311 3.31%
Vietnamese 1 $255,000 $255,000 $4,071 3.13%
Samoan 1 $175,000 $175,000 $2,555 3.65%
Asian 1 $155,000 $155,000 $3,481 4.25%

Approval Rates

Total approvals of all applications
75.51%

Atlanta Postal has a below average approval rate.

Pick Rate

Approvals leading to origination
62.22%

Atlanta Postal 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 591 $105,255,000 $178,096

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
591 $105,255,000 $178,096

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 56 $5,460,000 $97,500 $2,388 3.16%
40-60% 104 $14,540,000 $139,808 $2,744 2.93%
60-80% 261 $49,915,000 $191,245 $2,857 2.94%
80-100% 144 $33,870,000 $235,208 $3,703 2.96%
Over 100% 1 $275,000 $275,000 $0 2.88%
Under 20% 25 $1,195,000 $47,800 $1,736 4.35%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
ATLANTIC HOME LOANS INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
ATLANTIC HOME LOANS INC. FHA mortgage Closing on a mortgage 2 50.0%
ATLANTIC HOME LOANS INC. Conventional home mortgage Trouble during payment process 1 25.0%