Atlanta Postal Mortgage Rates, Fees & Info

Atlanta, GA

LEI: 549300JGK6WNKYXQ0821

Tax ID: 58-0146810

5 stars - Updated: 6/9/24 - out of 5 stars, based on 13 reviews

Latest/2023 | 2022 Data | 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, 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% 6/9/24
30 Year Conventional Refi 5.76% 6/9/24
30 Year Cash-out Refi 6.03% 6/9/24
30 Year VA Purchase 5.51% 6/9/24
30 Year VA Refi 6.27% 6/9/24
15 Year Conventional Purchase 5.97% 6/9/24
15 Year Conventional Refi 5.40% 6/9/24
15 Year Cash-out Refi 5.40% 6/9/24
15 Year VA Purchase 5.42% 6/9/24
15 Year VA Refi 5.41% 6/9/24
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






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

177

Origination Dollar Volume (All Markets)

$21,565,000

Awards

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

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%
Atlanta Postal's top markets include Atlanta, Columbus, Athens, Macon, and Savannah among others.

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

    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
    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 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 95 $8,665,000 $91,211 $2,393 8.47%
    Home Purchase 32 $8,430,000 $263,438 $6,405 6.85%
    Home Improvement 26 $1,970,000 $75,769 $2,342 8.25%
    Other 19 $1,265,000 $66,579 $1,696 9.09%
    Refi 5 $1,235,000 $247,000 $4,918 7.17%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 68 $5,220,000 $76,765 $1,771 8.61%
    30 Year 49 $11,415,000 $232,959 $5,748 7.00%
    10 Year 45 $3,455,000 $76,778 $2,059 8.68%
    Other 9 $825,000 $91,667 $0 9.39%
    20 Year 5 $625,000 $125,000 $5,547 6.85%
    5 Year 1 $25,000 $25,000 $1,575 8.50%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 79 $5,455,000 $69,051
    $1k-2k 31 $5,345,000 $172,419
    $2k-3k 10 $3,180,000 $318,000
    $3k-4k 7 $1,455,000 $207,857
    $4k-5k 5 $1,425,000 $285,000
    $5k+ 4 $1,370,000 $342,500

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 101 $5,755,000 $56,980 $1,801 8.57%
    $100k-200k 48 $6,480,000 $135,000 $3,858 7.93%
    $200k-400k 20 $5,510,000 $275,500 $6,750 7.20%
    $400k-600k 7 $3,185,000 $455,000 $7,413 7.11%
    $600k-1MM 1 $635,000 $635,000 $6,764 6.88%

    2023 saw Atlanta Postal place emphasis on $100,000 or less loans with 101 originations, totaling $5,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 51 $6,035,000 $118,333 $3,389 8.28%
    $75k-100k 41 $4,305,000 $105,000 $3,033 8.31%
    $50k-75k 38 $3,540,000 $93,158 $3,139 7.92%
    $150k-250k 25 $5,435,000 $217,400 $4,507 8.27%
    $50k or less 14 $630,000 $45,000 $1,955 7.92%
    $250k+ 4 $1,310,000 $327,500 $8,418 8.28%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 46 $5,370,000 $116,739 $3,100 8.37%
    20-30% 28 $4,590,000 $163,929 $5,395 7.41%
    48% 13 $2,405,000 $185,000 $3,094 7.90%
    46% 10 $710,000 $71,000 $2,263 8.74%
    39% 9 $1,125,000 $125,000 $2,785 8.76%
    49% 8 $1,060,000 $132,500 $4,236 8.30%
    41% 7 $855,000 $122,143 $3,481 8.07%
    50-60% 7 $435,000 $62,143 $1,800 8.27%
    42% 7 $725,000 $103,571 $2,448 8.27%
    47% 6 $1,120,000 $186,667 $4,406 7.58%
    40% 6 $430,000 $71,667 $2,249 8.35%
    44% 6 $290,000 $48,333 $1,357 9.21%
    45% 6 $560,000 $93,333 $2,903 8.06%
    38% 5 $645,000 $129,000 $3,031 8.35%
    37% 3 $345,000 $115,000 $4,001 8.46%
    43% 3 $315,000 $105,000 $2,202 8.08%
    36% 3 $265,000 $88,333 $3,091 7.33%
    >60% 2 $110,000 $55,000 $0 8.50%
    <20% 1 $135,000 $135,000 $5,497 7.88%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $12,580,000 $133,830 $3,885 8.00%
    Black 60 $5,820,000 $97,000 $2,540 8.41%
    Not provided 18 $1,810,000 $100,556 $2,772 8.33%
    Asian 2 $700,000 $350,000 $6,764 7.69%
    American Indian 3 $655,000 $218,333 $11,523 8.17%

    Approval Rates

    Total approvals of all applications
    54.80%

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

    Pick Rate

    Approvals leading to origination
    33.90%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    177 $21,565,000 $121,836

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 60 $5,750,000 $95,833 $2,319 8.36%
    40-60% 16 $2,770,000 $173,125 $5,043 7.52%
    60-80% 20 $4,510,000 $225,500 $6,467 6.96%
    80-100% 15 $4,725,000 $315,000 $6,483 7.20%
    Under 20% 66 $3,810,000 $57,727 $1,647 8.75%