Atlanta Postal Mortgage Rates, Fees & Info

Atlanta, GA

LEI: 549300JGK6WNKYXQ0821

Tax ID: 58-0146810

5 stars - Updated: 9/25/23 - out of 5 stars, based on 20 reviews

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

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Mortgage Data

Review & 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 by origination volume include: Atlanta, Macon, Rome, Athens, and Savannah among others. We have data for 95 markets. (Some data included below & more in-depth data is available with an active subscription.)

Atlanta Postal has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Atlanta Postal 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 6.09% 9/25/23
30 Year Conventional Refi 5.76% 9/25/23
30 Year Cash-out Refi 6.03% 9/25/23
30 Year VA Purchase 5.51% 9/25/23
30 Year VA Refi 6.27% 9/25/23
15 Year Conventional Purchase 5.97% 9/25/23
15 Year Conventional Refi 5.40% 9/25/23
15 Year Cash-out Refi 5.40% 9/25/23
15 Year VA Purchase 5.42% 9/25/23
15 Year VA Refi 5.41% 9/25/23
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.

Atlanta Postal Mortgage Calculator






Your Estimates

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

This is not an official calculator from Atlanta Postal. 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

387

Origination Dollar Volume (All Markets)

$75,785,000

Awards

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

Relative Rate

Atlanta Postal's average 30 year fixed mortgage rate was 4.2%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.56%.

Relative Fees (Closing Costs)

Atlanta Postal's average total fees/closing costs for a 30 year fixed rate mortgage were $4,471.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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) 193 $39,415,000 $204,223 $3,431 4.27%
Outside of Metro Areas 37 $6,665,000 $180,135 $3,606 4.54%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 12 $2,170,000 $180,833 $3,787 4.02%
ROME, GA (FHA|USDA|VA) 6 $1,170,000 $195,000 $3,379 3.34%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 4 $1,140,000 $285,000 $4,058 4.38%
SAVANNAH, GA (FHA|USDA|VA) 5 $1,075,000 $215,000 $3,589 4.90%
COLUMBUS, GA-AL (FHA|USDA|VA) 8 $1,060,000 $132,500 $3,346 4.67%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $950,000 $475,000 $4,945 3.38%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $900,000 $450,000 $4,341 2.38%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $815,000 $815,000 $8,445 5.25%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $790,000 $395,000 $4,985 3.31%
ASHEVILLE, NC (FHA|USDA|VA) 3 $775,000 $258,333 $4,475 6.75%
PANAMA CITY, FL (FHA|USDA|VA) 3 $745,000 $248,333 $5,307 4.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $710,000 $355,000 $4,903 3.94%
COLUMBIA, SC (FHA|USDA|VA) 4 $660,000 $165,000 $3,072 5.15%
Seneca, SC (FHA|USDA|VA) 2 $660,000 $330,000 $4,644 3.68%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $625,000 $208,333 $3,403 4.92%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $605,000 $605,000 $6,036 2.88%
ALBANY, GA (FHA|USDA|VA) 2 $580,000 $290,000 $4,490 5.94%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $525,000 $175,000 $4,169 3.54%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $495,000 $165,000 $2,694 4.96%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $475,000 $475,000 $4,236 3.88%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $455,000 $455,000 $8,247 5.88%
GAINESVILLE, GA (FHA|USDA|VA) 2 $420,000 $210,000 $4,555 4.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $390,000 $195,000 $3,881 2.88%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $375,000 $375,000 $6,382 5.24%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $365,000 $365,000 $5,842 4.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $355,000 $118,333 $2,876 4.63%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $355,000 $355,000 $4,653 2.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $350,000 $175,000 $3,327 7.13%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $320,000 $160,000 $3,661 3.06%
Grenada, MS (FHA|USDA|VA) 1 $315,000 $315,000 $5,199 4.50%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $310,000 $155,000 $3,386 2.63%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $305,000 $305,000 $4,689 4.75%
Whitewater, WI (FHA|USDA|VA) 1 $305,000 $305,000 $4,133 4.38%
RICHMOND, VA (FHA|USDA|VA) 1 $285,000 $285,000 $3,996 4.13%
Meadville, PA (FHA|USDA|VA) 1 $285,000 $285,000 $5,332 3.88%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $285,000 $285,000 $6,326 5.99%
TOPEKA, KS (FHA|USDA|VA) 1 $275,000 $275,000 $4,044 2.88%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $270,000 $135,000 $3,595 3.44%
Indianola, MS (FHA|USDA|VA) 1 $255,000 $255,000 $0 2.88%
Georgetown, SC (FHA|USDA|VA) 1 $255,000 $255,000 $2,235 3.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,774 4.99%
TULSA, OK (FHA|USDA|VA) 1 $255,000 $255,000 $6,484 2.38%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $245,000 $245,000 $0 2.88%
St. Marys, GA (FHA|USDA|VA) 1 $245,000 $245,000 $3,846 5.13%
FARGO, ND-MN (FHA|USDA|VA) 1 $225,000 $225,000 $3,765 3.13%
Fort Payne, AL (FHA|USDA|VA) 1 $215,000 $215,000 $3,634 3.00%
DALTON, GA (FHA|USDA|VA) 2 $210,000 $105,000 $2,894 5.88%
Waycross, GA (FHA|USDA|VA) 1 $205,000 $205,000 $3,918 4.63%
Big Spring, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,527 2.88%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $170,000 $85,000 $2,478 5.94%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $165,000 $165,000 $3,377 2.38%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $165,000 $55,000 $2,769 7.63%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $160,000 $80,000 $2,409 5.07%
Toccoa, GA (FHA|USDA|VA) 1 $155,000 $155,000 $4,629 6.88%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $155,000 $155,000 $4,617 4.00%
BATON ROUGE, LA (FHA|USDA|VA) 1 $155,000 $155,000 $3,699 2.38%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $145,000 $145,000 $5,600 7.13%
Milledgeville, GA (FHA|USDA|VA) 1 $145,000 $145,000 $3,193 2.88%
READING, PA (FHA|USDA|VA) 1 $145,000 $145,000 $4,323 2.38%
BISMARCK, ND (FHA|USDA|VA) 1 $135,000 $135,000 $3,416 4.75%
FORT WAYNE, IN (FHA|USDA|VA) 1 $135,000 $135,000 $3,546 3.13%
FRESNO, CA (FHA|USDA|VA) 1 $125,000 $125,000 $1,710 7.00%
West Plains, MO (FHA|USDA|VA) 1 $125,000 $125,000 $3,602 4.25%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $120,000 $60,000 $3,550 5.88%
Camden, AR (FHA|USDA|VA) 1 $105,000 $105,000 $3,681 2.38%
LaGrange, GA-AL (FHA|USDA|VA) 1 $105,000 $105,000 $6,322 3.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $105,000 $105,000 $4,081 4.13%
Shelby, NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,821 2.38%
Jefferson, GA (FHA|USDA|VA) 2 $100,000 $50,000 $2,232 4.25%
Taylorville, IL (FHA|USDA|VA) 1 $95,000 $95,000 $2,942 5.75%
Batesville, AR (FHA|USDA|VA) 1 $95,000 $95,000 $4,438 6.38%
PITTSBURGH, PA (FHA|USDA|VA) 1 $95,000 $95,000 $3,028 5.50%
Cedartown, GA (FHA|USDA|VA) 1 $95,000 $95,000 $2,497 2.38%
St. Marys, PA (FHA|USDA|VA) 1 $85,000 $85,000 $3,874 2.38%
DOTHAN, AL (FHA|USDA|VA) 1 $85,000 $85,000 $3,431 4.25%
Dixon, IL (FHA|USDA|VA) 1 $85,000 $85,000 $3,613 3.88%
Brenham, TX (FHA|USDA|VA) 1 $75,000 $75,000 $3,157 2.38%
Jennings, LA (FHA|USDA|VA) 1 $75,000 $75,000 $4,060 6.50%
Bainbridge, GA (FHA|USDA|VA) 1 $65,000 $65,000 $2,201 5.50%
LAS CRUCES, NM (FHA|USDA|VA) 1 $65,000 $65,000 $4,748 5.75%
BECKLEY, WV (FHA|USDA|VA) 1 $65,000 $65,000 $3,713 4.88%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $55,000 $55,000 $1,837 2.28%
Vicksburg, MS (FHA|USDA|VA) 1 $55,000 $55,000 $3,162 3.13%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $55,000 $55,000 $3,319 3.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $55,000 $55,000 $3,143 4.99%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $55,000 $55,000 $2,060 7.75%
Clarksdale, MS (FHA|USDA|VA) 1 $45,000 $45,000 $2,184 4.63%
Ottawa, IL (FHA|USDA|VA) 1 $45,000 $45,000 $1,302 7.00%
Summerville, GA (FHA|USDA|VA) 1 $35,000 $35,000 $1,328 6.25%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,874 4.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $25,000 $25,000 $2,048 3.38%
JONESBORO, AR (FHA|USDA|VA) 1 $25,000 $25,000 $2,163 7.75%
COLUMBIA, MO (FHA|USDA|VA) 1 $25,000 $25,000 $1,590 5.50%
Atlanta Postal's top markets include Atlanta, Macon, Rome, Athens, and Savannah among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against ATLANTA POSTAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Credence Funding Corporation
    Similarity Rank: 553
    UNITED SECURITY FINANCIAL CORP
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    AMERICAN HOME MORTGAGE, INC.
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    LGE COMMUNITY
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    Aurora Financial, LLC
    Similarity Rank: 1612
    POWERCO
    Similarity Rank: 1968
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2028
    COCA-COLA
    Similarity Rank: 2940

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 376 $72,740,000 $193,457 $3,578 4.40%
    VA 11 $3,045,000 $276,818 $3,723 3.01%

    For 2022, Atlanta Postal's most frequently originated type of loan was Conventional, with 376 originations. Their 2nd most popular type was VA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 172 $30,090,000 $174,942 $3,322 4.26%
    Home Purchase 109 $31,545,000 $289,404 $4,826 4.37%
    Home Improvement 42 $5,500,000 $130,952 $2,770 4.64%
    Refi 41 $6,975,000 $170,122 $3,220 2.96%
    Other 23 $1,675,000 $72,826 $1,829 7.10%

    For 2022, Atlanta Postal's most frequently cited loan purpose was Cash Out Refi, with 172 originations. The 2nd most popular reason was Home Purchase, with 109 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 188 $51,350,000 $273,138 $4,471 4.20%
    15 Year 123 $14,675,000 $119,309 $2,708 4.78%
    10 Year 37 $3,365,000 $90,946 $2,474 4.28%
    20 Year 29 $5,115,000 $176,379 $3,477 3.98%
    Other 6 $1,080,000 $180,000 $2,842 3.35%
    5 Year 4 $200,000 $50,000 $2,280 4.09%

    For 2022, Atlanta Postal's most frequently cited loan duration was 30 Year, with 188 originations. The 2nd most popular length was 15 Year, with 123 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 202 $44,720,000 $221,386
    $<1k 139 $11,245,000 $80,899
    $2k-3k 37 $15,635,000 $422,568
    $3k-4k 7 $3,615,000 $516,429
    $5k+ 2 $570,000 $285,000

    Atlanta Postal's average total fees were $4,471, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 202 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 75 $19,395,000 $258,600
    3-4% 74 $16,090,000 $217,432
    4-5% 65 $14,325,000 $220,385
    5-6% 57 $10,665,000 $187,105
    6-7% 51 $6,135,000 $120,294
    <2.5% 44 $7,090,000 $161,136
    7-8% 14 $950,000 $67,857
    Over 8% 5 $345,000 $69,000
    % 2 $790,000 $395,000

    During 2022, Atlanta Postal's average interest rate for loans was 4.20%, while their most frequently originated rate bucket for loans was 2.5-3%, with 75 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 124 $7,940,000 $64,032 $2,289 5.15%
    $200k-400k 118 $32,580,000 $276,102 $4,430 3.97%
    $100k-200k 111 $15,935,000 $143,559 $3,433 4.05%
    $400k-600k 22 $10,610,000 $482,273 $5,395 3.99%
    $600k-1MM 11 $7,625,000 $693,182 $6,961 3.57%
    $1MM+ 1 $1,095,000 $1,095,000 $8,988 5.00%

    2022 saw Atlanta Postal place emphasis on $100,000 or less loans with 124 originations, totaling $7,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 104 $14,470,000 $139,135 $3,373 4.57%
    $100k-150k 90 $19,890,000 $221,000 $3,807 4.39%
    $75k-100k 77 $13,525,000 $175,649 $3,373 4.35%
    $50k or less 54 $6,530,000 $120,926 $3,107 4.05%
    $150k-250k 45 $15,095,000 $335,444 $4,127 4.38%
    $250k+ 13 $5,515,000 $424,231 $4,807 3.96%

    Atlanta Postal lent most frequently to those with incomes in the $50k-75k range, with 104 originations. The second most popular income band? $100k-150k, with 90 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 83 $14,585,000 $175,723 $3,352 4.02%
    30-36% 80 $14,270,000 $178,375 $3,546 4.40%
    <20% 38 $6,780,000 $178,421 $3,317 3.58%
    43% 19 $3,535,000 $186,053 $4,025 3.91%
    44% 17 $2,675,000 $157,353 $3,274 4.71%
    42% 16 $2,740,000 $171,250 $3,294 4.59%
    38% 14 $2,430,000 $173,571 $3,327 4.71%
    41% 14 $3,780,000 $270,000 $3,793 4.65%
    39% 13 $1,815,000 $139,615 $3,022 5.63%
    48% 13 $3,145,000 $241,923 $4,568 4.76%
    49% 12 $2,840,000 $236,667 $4,050 5.12%
    40% 12 $3,650,000 $304,167 $4,640 4.54%
    46% 10 $2,550,000 $255,000 $3,820 3.58%
    47% 10 $3,160,000 $316,000 $4,750 5.15%
    45% 9 $2,665,000 $296,111 $4,626 4.68%
    37% 9 $1,185,000 $131,667 $2,733 5.13%
    36% 9 $1,865,000 $207,222 $2,873 4.57%
    50-60% 5 $805,000 $161,000 $3,050 3.93%
    >60% 3 $1,205,000 $401,667 $4,267 4.67%

    Atlanta Postal lent most frequently to those with DTI ratios of 20-30%, with 83 originations. The next most common DTI ratio? 30-36%, with 80 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 197 $40,075,000 $203,426 $3,577 4.27%
    Black 114 $21,260,000 $186,491 $3,662 4.36%
    Not provided 63 $10,915,000 $173,254 $3,254 4.55%
    Asian 6 $2,200,000 $366,667 $4,794 5.11%
    American Indian 3 $755,000 $251,667 $5,040 5.17%
    Other Asian 2 $270,000 $135,000 $2,971 4.06%
    Asian Indian 1 $205,000 $205,000 $2,943 3.13%
    Vietnamese 1 $105,000 $105,000 $4,484 6.50%

    Approval Rates

    Total approvals of all applications
    66.16%

    Atlanta Postal has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    76.23%

    Atlanta Postal has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 387 $75,785,000 $195,827

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    387 $75,785,000 $195,827

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 54 $4,930,000 $91,296 $2,522 4.95%
    40-60% 81 $13,175,000 $162,654 $3,497 4.08%
    60-80% 124 $30,630,000 $247,016 $4,073 3.82%
    80-100% 76 $23,630,000 $310,921 $4,866 4.03%
    Over 100% 2 $650,000 $325,000 $0 3.69%
    Under 20% 50 $2,770,000 $55,400 $1,794 6.05%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Atlantic Union Bankshares, Inc. FHA mortgage Struggling to pay mortgage 1 100.0%