Atlanta Postal Mortgage Rates, Fees & Info
Atlanta, GALEI: 549300JGK6WNKYXQ0821
Tax ID: 58-0146810
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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, Columbus, Athens, Macon, and Savannah among others. We have data for 49 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 an average 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 relatively high 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 | 6.09% | 4/21/24 |
| 30 Year Conventional Refi | 5.76% | 4/21/24 |
| 30 Year Cash-out Refi | 6.03% | 4/21/24 |
| 30 Year VA Purchase | 5.51% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 5.97% | 4/21/24 |
| 15 Year Conventional Refi | 5.40% | 4/21/24 |
| 15 Year Cash-out Refi | 5.40% | 4/21/24 |
| 15 Year VA Purchase | 5.42% | 4/21/24 |
| 15 Year VA Refi | 5.41% | 4/21/24 |
| 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. | ||
Atlanta Postal Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
177Origination Dollar Volume (All Markets)
$21,565,000Awards
ATLANTA POSTAL - 2023
ATLANTA POSTAL is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Atlanta Postal's average 30 year fixed mortgage rate was
7%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.52%.
Relative Fees (Closing Costs)
Atlanta Postal's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,748.
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 $9,089.
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) | 103 | $12,675,000 | $123,058 | $3,051 | 8.22% |
| Outside of Metro Areas | 9 | $695,000 | $77,222 | $3,977 | 8.01% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $2,927 | 7.80% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $4,124 | 8.06% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $8,125 | 7.81% |
| SAVANNAH, GA (FHA|USDA|VA) | 6 | $460,000 | $76,667 | $1,566 | 8.67% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,134 | 7.63% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $8,067 | 6.63% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $16,013 | 6.25% |
| DALTON, GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $8,756 | 7.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,867 | 7.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,048 | 7.63% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,367 | 7.81% |
| TULSA, OK (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,279 | 6.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,594 | 6.63% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,740 | 8.25% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,750 | 8.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $6,225 | 8.81% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,412 | 7.50% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,241 | 6.63% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 9.50% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,869 | 6.75% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,497 | 7.88% |
| ROME, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,758 | 6.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $1,584 | 9.13% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,471 | 7.13% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $8,356 | 6.63% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.50% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,375 | 9.00% |
| Paragould, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,124 | 7.00% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 8.50% |
| Marion, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,592 | 8.50% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $875 | 9.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,433 | 7.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.50% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,255 | 7.38% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.50% |
| Summerville, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,625 | 7.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,339 | 8.75% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,029 | 9.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,517 | 8.75% |
| Blytheville, AR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,072 | 8.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,212 | 9.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,353 | 8.75% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,332 | 8.75% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.50% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 135 | $18,075,000 | $133,889 | $3,330 | 7.91% |
| HELOC | 41 | $3,335,000 | $81,341 | n/a | 9.09% |
| VA | 1 | $155,000 | $155,000 | $8,981 | 6.38% |
For 2023, Atlanta Postal's most frequently originated type of loan was Conventional, with 135 originations. Their 2nd most popular type was HELOC, with 41 originations.
Loan Reason
For 2023, Atlanta Postal's most frequently cited loan purpose was Cash Out Refi, with 95 originations. The 2nd most popular reason was Home Purchase, with 32 originations.
Loan Duration/Length
For 2023, Atlanta Postal's most frequently cited loan duration was 15 Year, with 68 originations. The 2nd most popular length was 30 Year, with 49 originations.
Origination Fees/Closing Costs
Atlanta Postal's average total fees were $5,748, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 79 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 108 | $8,330,000 | $77,130 |
| 6-7% | 34 | $7,390,000 | $217,353 |
| 7-8% | 32 | $5,380,000 | $168,125 |
| 5-6% | 3 | $465,000 | $155,000 |
During 2023, Atlanta Postal's average interest rate for loans was 7.00%, while their most frequently originated rate bucket for loans was Over 8%, with 108 originations.
Loan Sizing
2023 saw Atlanta Postal place emphasis on $100,000 or less loans with 101 originations, totaling $5,755,000 in origination value.
Applicant Income
Atlanta Postal lent most frequently to those with incomes in the $100k-150k range, with 51 originations. The second most popular income band? $75k-100k, with 41 originations.
Applicant Debt to Income Ratio
Atlanta Postal lent most frequently to those with DTI ratios of 30-36%, with 46 originations. The next most common DTI ratio? 20-30%, with 28 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications54.80%
Atlanta Postal has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination33.90%
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 | 177 | $21,565,000 | $121,836 |