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, Athens, Rome, Jefferson, and Charlotte among others. We have data for 92 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.
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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
406Origination Dollar Volume (All Markets)
$52,390,000Awards
ATLANTA POSTAL - 2018
ATLANTA POSTAL is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 200 | $27,050,000 | $135,250 | $2,030 | 4.52% |
| Outside of Metro Areas | 27 | $3,015,000 | $111,667 | $2,384 | 4.66% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 7 | $1,275,000 | $182,143 | $2,404 | 4.30% |
| ROME, GA (FHA|USDA|VA) | 9 | $1,245,000 | $138,333 | $2,134 | 4.40% |
| Jefferson, GA (FHA|USDA|VA) | 8 | $1,190,000 | $148,750 | $1,773 | 4.47% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $990,000 | $165,000 | $2,510 | 3.70% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $980,000 | $163,333 | $2,903 | 4.39% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 12 | $830,000 | $69,167 | $1,930 | 4.18% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 8 | $790,000 | $98,750 | $2,052 | 4.84% |
| GAINESVILLE, GA (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $2,032 | 4.04% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $2,808 | 4.43% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $5,743 | 4.10% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 6 | $580,000 | $96,667 | $3,790 | 4.55% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $2,845 | 3.86% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 5 | $535,000 | $107,000 | $2,243 | 4.08% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,087 | 5.05% |
| Fort Payne, AL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $1,810 | 3.81% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $7,094 | 3.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $2,396 | 4.75% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $1,789 | 4.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $1,989 | 4.23% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,454 | 4.93% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,271 | 3.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,884 | 4.11% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,341 | 4.80% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,059 | 4.45% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,907 | 3.15% |
| Cornelia, GA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,278 | 3.91% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,802 | 3.63% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,108 | 4.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,867 | 4.85% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,940 | 3.85% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,796 | 5.06% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,987 | 4.50% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,432 | 4.50% |
| Greenwood, SC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,124 | 5.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,750 | 4.50% |
| BEND, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,209 | 3.65% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,975 | 4.10% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $1,559 | 4.31% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,213 | 3.75% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,265 | 4.50% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,166 | 4.94% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,549 | 5.35% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,639 | 3.33% |
| Sheridan, WY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,461 | 3.63% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,844 | 4.50% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $1,664 | 4.86% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $1,504 | 5.08% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,904 | 4.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,605 | 3.65% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,074 | 4.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $1,978 | 3.83% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,149 | 4.50% |
| Henderson, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,712 | 3.38% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $1,642 | 6.00% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,090 | 3.08% |
| Palatka, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,527 | 4.88% |
| Sanford, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,867 | 3.33% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,733 | 4.00% |
| Miami, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,346 | 5.00% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,907 | 4.10% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $1,955 | 3.71% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,832 | 4.38% |
| READING, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,442 | 4.35% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,932 | 4.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,004 | 4.38% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,819 | 3.33% |
| Camden, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,277 | 4.60% |
| MONROE, LA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $1,519 | 4.80% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,672 | 6.00% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,118 | 3.15% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,962 | 4.25% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,050 | 4.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,037 | 3.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,620 | 4.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,701 | 4.35% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,622 | 3.50% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $674 | 3.75% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,084 | 3.88% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,199 | 5.63% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,044 | 4.35% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,638 | 6.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,009 | 4.50% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,634 | 4.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,016 | 3.75% |
| Summerville, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,594 | 5.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,442 | 5.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,197 | 6.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,526 | 4.25% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $2,039 | 6.00% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $1,517 | 3.75% |
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 | 403 | $51,645,000 | $128,151 | $2,215 | 4.47% |
| VA | 3 | $745,000 | $248,333 | $0 | 4.58% |
For 2018, Atlanta Postal's most frequently originated type of loan was Conventional, with 403 originations. Their 2nd most popular type was VA, with 3 originations.
Loan Reason
For 2018, Atlanta Postal's most frequently cited loan purpose was Cash Out Refi, with 190 originations. The 2nd most popular reason was Home Purchase, with 177 originations.
Loan Duration/Length
For 2018, Atlanta Postal's most frequently cited loan duration was 15 Year, with 144 originations. The 2nd most popular length was 30 Year, with 138 originations.
Origination Fees/Closing Costs
Atlanta Postal's average total fees were $2,855, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 382 originations.
Interest Rates
During 2018, Atlanta Postal's average interest rate for loans was 4.51%, while their most frequently originated rate bucket for loans was 4-5%, with 184 originations.
Loan Sizing
2018 saw Atlanta Postal place emphasis on $100,000 or less loans with 207 originations, totaling $10,935,000 in origination value.
Applicant Income
Atlanta Postal lent most frequently to those with incomes in the $50k-75k range, with 117 originations. The second most popular income band? $100k-150k, with 95 originations.
Applicant Debt to Income Ratio
Atlanta Postal lent most frequently to those with DTI ratios of 20-30%, with 104 originations. The next most common DTI ratio? 30-36%, with 85 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications59.75%
Atlanta Postal has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination82.27%
Atlanta Postal has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 406 | $52,390,000 | $129,039 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 406 | $52,390,000 | $129,039 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ATLANTIC PACIFIC MORTGAGE CORP | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| ATLANTIC PACIFIC MORTGAGE CORP | FHA mortgage | Trouble during payment process | 1 | 50.0% |