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, Charlotte, Athens, and Rome among others. We have data for 116 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% | 12/3/24 |
| 30 Year Conventional Refi | 5.76% | 12/3/24 |
| 30 Year Cash-out Refi | 6.03% | 12/3/24 |
| 30 Year VA Purchase | 5.51% | 12/3/24 |
| 30 Year VA Refi | 6.27% | 12/3/24 |
| 15 Year Conventional Purchase | 5.97% | 12/3/24 |
| 15 Year Conventional Refi | 5.40% | 12/3/24 |
| 15 Year Cash-out Refi | 5.40% | 12/3/24 |
| 15 Year VA Purchase | 5.42% | 12/3/24 |
| 15 Year VA Refi | 5.41% | 12/3/24 |
| 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
591Origination Dollar Volume (All Markets)
$105,255,000Awards
ATLANTA POSTAL - 2021
ATLANTA POSTAL is a 2021 , due to their low .
For 2021, 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) | 287 | $49,685,000 | $173,118 | $2,766 | 3.06% |
| Outside of Metro Areas | 57 | $10,165,000 | $178,333 | $2,931 | 2.99% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 15 | $1,875,000 | $125,000 | $2,660 | 2.74% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $1,710,000 | $213,750 | $4,125 | 3.06% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 6 | $1,670,000 | $278,333 | $3,047 | 3.27% |
| ROME, GA (FHA|USDA|VA) | 9 | $1,595,000 | $177,222 | $2,575 | 3.10% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,340,000 | $223,333 | $4,292 | 3.04% |
| GAINESVILLE, GA (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $3,649 | 2.94% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $3,582 | 2.91% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 10 | $1,070,000 | $107,000 | $2,228 | 2.60% |
| SAVANNAH, GA (FHA|USDA|VA) | 7 | $965,000 | $137,857 | $2,404 | 3.90% |
| Jefferson, GA (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $3,264 | 2.94% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $3,495 | 2.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $3,262 | 3.68% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $4,307 | 2.71% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $4,159 | 2.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,754 | 3.13% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $3,179 | 2.88% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 7 | $675,000 | $96,429 | $2,603 | 3.09% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $3,431 | 3.08% |
| Cornelia, GA (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $2,607 | 3.67% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $3,328 | 2.88% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $3,864 | 2.71% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $3,376 | 3.13% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $2,954 | 2.91% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,023 | 3.13% |
| ASHEVILLE, NC (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $3,234 | 2.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $3,392 | 2.83% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $3,819 | 2.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $3,226 | 2.76% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,765 | 2.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $2,843 | 3.75% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,111 | 3.50% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $2,735 | 3.13% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,237 | 2.81% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,123 | 3.13% |
| Cedartown, GA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $3,046 | 3.58% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,319 | 2.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,214 | 3.38% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,976 | 2.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $2,551 | 2.76% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $2,952 | 3.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,106 | 2.79% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,711 | 3.00% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,081 | 3.13% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,298 | 3.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,155 | 2.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,612 | 2.88% |
| Ozark, AL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,739 | 2.88% |
| OCALA, FL (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $3,559 | 2.71% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,946 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,151 | 2.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,055 | 3.81% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,706 | 3.38% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,497 | 3.13% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,030 | 2.63% |
| HINESVILLE, GA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,657 | 3.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,044 | 2.38% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,190 | 2.88% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,794 | 2.88% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,455 | 2.63% |
| Seneca, SC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,793 | 2.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,677 | 3.81% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,745 | 2.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.13% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,520 | 2.88% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,740 | 3.63% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,217 | 2.95% |
| DALTON, GA (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $2,837 | 2.96% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,029 | 2.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,303 | 2.75% |
| Granbury, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,024 | 3.13% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,922 | 2.63% |
| Batesville, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.88% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,378 | 2.38% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,464 | 2.45% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,101 | 2.88% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,896 | 3.51% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,181 | 2.88% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,730 | 3.51% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,758 | 3.38% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,359 | 2.88% |
| ALBANY, GA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $1,863 | 2.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,489 | 3.13% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,570 | 2.38% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,044 | 3.13% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,212 | 2.88% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,097 | 2.88% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,868 | 2.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,155 | 2.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,346 | 2.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,513 | 2.88% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,524 | 2.38% |
| Columbus, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,174 | 2.63% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,851 | 3.13% |
| Brookhaven, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,912 | 3.13% |
| Paragould, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,870 | 2.75% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,595 | 2.38% |
| Cullman, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,887 | 2.88% |
| DuBois, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,409 | 2.38% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,265 | 2.63% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,050 | 2.38% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,865 | 2.88% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,745 | 2.88% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,864 | 2.38% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,697 | 2.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,550 | 2.75% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,674 | 2.63% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,831 | 2.78% |
| Jasper, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,833 | 2.63% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,625 | 4.50% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,692 | 2.53% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,571 | 4.50% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,587 | 3.26% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,485 | 2.28% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,445 | 6.00% |
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 | 573 | $101,685,000 | $177,461 | $2,931 | 3.03% |
| VA | 18 | $3,570,000 | $198,333 | $4,264 | 2.83% |
For 2021, Atlanta Postal's most frequently originated type of loan was Conventional, with 573 originations. Their 2nd most popular type was VA, with 18 originations.
Loan Reason
For 2021, Atlanta Postal's most frequently cited loan purpose was Cash Out Refi, with 306 originations. The 2nd most popular reason was Refi, with 122 originations.
Loan Duration/Length
For 2021, Atlanta Postal's most frequently cited loan duration was 30 Year, with 267 originations. The 2nd most popular length was 15 Year, with 156 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 297 | $63,205,000 | $212,811 |
| $<1k | 287 | $39,395,000 | $137,265 |
| $2k-3k | 7 | $2,655,000 | $379,286 |
Atlanta Postal's average total fees were $3,355, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 297 originations.
Interest Rates
During 2021, Atlanta Postal's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 2.5-3%, with 271 originations.
Loan Sizing
2021 saw Atlanta Postal place emphasis on $100k-200k loans with 248 originations, totaling $35,800,000 in origination value.
Applicant Income
Atlanta Postal lent most frequently to those with incomes in the $50k-75k range, with 165 originations. The second most popular income band? $100k-150k, with 134 originations.
Applicant Debt to Income Ratio
Atlanta Postal lent most frequently to those with DTI ratios of 20-30%, with 162 originations. The next most common DTI ratio? 30-36%, with 111 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.88%
Atlanta Postal has a below average approval rate.
Pick Rate
Approvals leading to origination68.53%
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 | 591 | $105,255,000 | $178,096 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ATLANTIC HOME LOANS INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| ATLANTIC HOME LOANS INC. | FHA mortgage | Closing on a mortgage | 2 | 50.0% |
| ATLANTIC HOME LOANS INC. | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |