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, Refi, and Home Purchase loans. Atlanta Postal has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Columbus, Macon, Washington, and Raleigh among others. We have data for 117 markets. (Some data included below & more in-depth data is available with an active subscription.)Atlanta Postal has an 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% | 11/22/24 |
| 30 Year Conventional Refi | 5.76% | 11/22/24 |
| 30 Year Cash-out Refi | 6.03% | 11/22/24 |
| 30 Year VA Purchase | 5.51% | 11/22/24 |
| 30 Year VA Refi | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 5.97% | 11/22/24 |
| 15 Year Conventional Refi | 5.40% | 11/22/24 |
| 15 Year Cash-out Refi | 5.40% | 11/22/24 |
| 15 Year VA Purchase | 5.42% | 11/22/24 |
| 15 Year VA Refi | 5.41% | 11/22/24 |
| 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
799Origination Dollar Volume (All Markets)
$147,365,000Awards
ATLANTA POSTAL - 2020
ATLANTA POSTAL is a 2020 , due to their low .
For 2020, 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) | 428 | $82,710,000 | $193,248 | $2,886 | 3.20% |
| Outside of Metro Areas | 102 | $16,580,000 | $162,549 | $2,992 | 3.41% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 17 | $2,455,000 | $144,412 | $2,786 | 3.10% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 15 | $2,435,000 | $162,333 | $2,746 | 3.10% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $2,175,000 | $435,000 | $3,497 | 3.20% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 9 | $1,855,000 | $206,111 | $3,314 | 3.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 9 | $1,785,000 | $198,333 | $3,184 | 3.11% |
| ROME, GA (FHA|USDA|VA) | 9 | $1,415,000 | $157,222 | $2,569 | 3.33% |
| GAINESVILLE, GA (FHA|USDA|VA) | 7 | $1,375,000 | $196,429 | $2,912 | 3.11% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 6 | $1,340,000 | $223,333 | $3,359 | 2.94% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 7 | $1,095,000 | $156,429 | $2,716 | 3.52% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $3,360 | 2.98% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $4,011 | 3.03% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $4,099 | 3.23% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 6 | $890,000 | $148,333 | $3,126 | 3.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 6 | $880,000 | $146,667 | $3,094 | 3.08% |
| Jefferson, GA (FHA|USDA|VA) | 7 | $855,000 | $122,143 | $2,185 | 3.84% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $3,790 | 3.06% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $3,906 | 3.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $4,071 | 2.81% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $3,388 | 3.33% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $3,369 | 3.41% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $3,781 | 2.91% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $3,180 | 3.09% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $3,508 | 3.08% |
| OCALA, FL (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $3,960 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $3,317 | 3.47% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $3,816 | 3.21% |
| LaGrange, GA-AL (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $3,225 | 2.91% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $4,609 | 3.13% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 3.25% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $3,135 | 2.84% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,410 | 3.50% |
| DOTHAN, AL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,504 | 3.38% |
| Cedartown, GA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $3,173 | 2.96% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,950 | 3.63% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,324 | 3.19% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,713 | 3.44% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,570 | 3.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,741 | 3.63% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,835 | 3.50% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,516 | 3.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,204 | 2.88% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,933 | 2.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,407 | 2.81% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,703 | 3.44% |
| DALTON, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,091 | 3.13% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,070 | 3.50% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,425 | 5.38% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,475 | 3.50% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,611 | 3.63% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,755 | 3.50% |
| Dayton, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,218 | 3.13% |
| Cornelia, GA (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $2,365 | 3.38% |
| Thomaston, GA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,634 | 3.01% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $3,200 | 4.08% |
| MONROE, LA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,269 | 3.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,780 | 4.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,245 | 3.81% |
| Madison, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,465 | 3.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,694 | 3.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,088 | 3.85% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,272 | 3.00% |
| Marion, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,185 | 2.88% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,139 | 2.75% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,388 | 3.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,992 | 3.38% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,327 | 3.50% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,480 | 3.63% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,265 | 3.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,861 | 2.63% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,279 | 2.75% |
| Kirksville, MO (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,112 | 2.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,617 | 3.50% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,588 | 3.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,761 | 2.38% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,108 | 2.75% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,594 | 2.63% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,605 | 2.63% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,883 | 3.25% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,265 | 2.50% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,533 | 3.25% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,194 | 3.13% |
| Forest City, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,213 | 4.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,161 | 2.38% |
| Douglas, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,515 | 2.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,199 | 3.13% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,411 | 2.38% |
| BISMARCK, ND (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,271 | 3.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,158 | 2.38% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.25% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,821 | 2.88% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,451 | 2.50% |
| Dublin, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,362 | 3.75% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,330 | 2.63% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,630 | 3.13% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,975 | 3.13% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,414 | 2.63% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,913 | 3.63% |
| Guymon, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,844 | 2.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,986 | 2.38% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,113 | 2.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,130 | 2.38% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,648 | 3.13% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,805 | 2.88% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,126 | 3.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,020 | 3.13% |
| Willmar, MN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,295 | 2.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,550 | 2.63% |
| Cordele, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,401 | 2.50% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,045 | 2.38% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,213 | 4.75% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,891 | 3.13% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,594 | 4.50% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,280 | 6.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,520 | 2.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,544 | 4.75% |
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 | 779 | $142,315,000 | $182,689 | $3,012 | 3.23% |
| VA | 20 | $5,050,000 | $252,500 | $3,562 | 3.08% |
For 2020, Atlanta Postal's most frequently originated type of loan was Conventional, with 779 originations. Their 2nd most popular type was VA, with 20 originations.
Loan Reason
For 2020, Atlanta Postal's most frequently cited loan purpose was Cash Out Refi, with 415 originations. The 2nd most popular reason was Refi, with 230 originations.
Loan Duration/Length
For 2020, Atlanta Postal's most frequently cited loan duration was 30 Year, with 307 originations. The 2nd most popular length was 15 Year, with 220 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 410 | $71,900,000 | $175,366 |
| $1k-2k | 384 | $73,830,000 | $192,266 |
| $5k+ | 3 | $1,125,000 | $375,000 |
| $3k-4k | 1 | $225,000 | $225,000 |
Atlanta Postal's average total fees were $3,325, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 410 originations.
Interest Rates
During 2020, Atlanta Postal's average interest rate for loans was 3.50%, while their most frequently originated rate bucket for loans was 3-4%, with 394 originations.
Loan Sizing
2020 saw Atlanta Postal place emphasis on $100k-200k loans with 327 originations, totaling $48,495,000 in origination value.
Applicant Income
Atlanta Postal lent most frequently to those with incomes in the $100k-150k range, with 202 originations. The second most popular income band? $50k-75k, with 197 originations.
Applicant Debt to Income Ratio
Atlanta Postal lent most frequently to those with DTI ratios of 20-30%, with 228 originations. The next most common DTI ratio? 30-36%, with 140 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.14%
Atlanta Postal has a below average approval rate.
Pick Rate
Approvals leading to origination56.45%
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 | 799 | $147,365,000 | $184,437 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 5 | $355,000 | $71,000 |
| Single Family (1-4 Units):Site-Built | 794 | $147,010,000 | $185,151 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Atlantic Union Bankshares, Inc. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |