Acopia Mortgage Rates, Fees & Info

NASHVILLE, TN

LEI: 549300L1DBFIJZI8LA40

Tax ID: 26-0777326

3.5 stars - out of 5 stars, based on 69 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Acopia is a small mortgage company specializing in Home Purchase loans. Acopia has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Atlanta, Nashville, Port St. Lucie, Asheville, and Greenville among others. Acopia has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Acopia is typically a high fee lendor.


Originations

4,827

Origination Dollar Volume (All Markets)

$1,182,175,000

Relative Rate

Acopia 's average 30 year fixed rate mortgage of loans were 3.18%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.03%.

Relative Fees

Acopia 's average total fees for a 30 year fixed rate mortgage are $6,146.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1,264 $324,190,000 $256,479 $5,891 3.10%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1,114 $297,750,000 $267,280 $5,993 3.11%
PORT ST. LUCIE, FL (FHA|USDA|VA) 276 $70,710,000 $256,196 $7,223 3.02%
ASHEVILLE, NC (FHA|USDA|VA) 215 $69,015,000 $321,000 $3,725 3.07%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 223 $46,565,000 $208,812 $5,466 3.11%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 130 $33,730,000 $259,462 $7,136 3.19%
Outside of Metro Areas 149 $30,275,000 $203,188 $5,387 3.14%
SPARTANBURG, SC (FHA|USDA|VA) 132 $27,330,000 $207,045 $6,100 3.26%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 85 $18,595,000 $218,765 $5,964 3.11%
GAINESVILLE, GA (FHA|USDA|VA) 72 $18,290,000 $254,028 $5,245 3.17%
HUNTSVILLE, AL (FHA|USDA|VA) 76 $18,030,000 $237,237 $4,678 3.08%
Greenwood, SC (FHA|USDA|VA) 112 $17,610,000 $157,232 $5,505 2.93%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 70 $15,540,000 $222,000 $5,212 3.03%
JACKSONVILLE, FL (FHA|USDA|VA) 58 $14,760,000 $254,483 $6,218 3.08%
FAYETTEVILLE, NC (FHA|USDA|VA) 73 $12,015,000 $164,589 $4,973 2.77%
Jefferson, GA (FHA|USDA|VA) 42 $10,480,000 $249,524 $5,894 3.16%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 41 $9,885,000 $241,098 $6,682 3.11%
Tullahoma-Manchester, TN (FHA|USDA|VA) 52 $9,840,000 $189,231 $5,571 2.98%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 38 $8,600,000 $226,316 $6,456 3.24%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 22 $5,900,000 $268,182 $6,521 3.24%
Lewisburg, TN (FHA|USDA|VA) 25 $5,525,000 $221,000 $4,986 3.03%
Paducah, KY-IL (FHA|USDA|VA) 28 $4,520,000 $161,429 $4,934 3.18%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 14 $4,270,000 $305,000 $6,337 3.19%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 21 $3,745,000 $178,333 $6,266 3.46%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 16 $3,720,000 $232,500 $5,497 2.83%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 12 $3,590,000 $299,167 $5,573 3.26%
GADSDEN, AL (FHA|USDA|VA) 30 $3,510,000 $117,000 $5,392 3.07%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 11 $3,145,000 $285,909 $4,337 3.09%
Seneca, SC (FHA|USDA|VA) 10 $3,130,000 $313,000 $4,937 3.26%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 15 $3,085,000 $205,667 $6,160 3.48%
Shelbyville, TN (FHA|USDA|VA) 17 $3,055,000 $179,706 $5,516 3.10%
Cordele, GA (FHA|USDA|VA) 23 $2,865,000 $124,565 $6,249 2.84%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $2,830,000 $353,750 $4,663 3.42%
WARNER ROBINS, GA (FHA|USDA|VA) 16 $2,770,000 $173,125 $5,024 3.41%
Newberry, SC (FHA|USDA|VA) 12 $2,770,000 $230,833 $5,960 3.08%
BOWLING GREEN, KY (FHA|USDA|VA) 10 $2,470,000 $247,000 $3,645 2.81%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 9 $2,345,000 $260,556 $4,627 3.21%
McMinnville, TN (FHA|USDA|VA) 10 $2,190,000 $219,000 $5,486 3.09%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 8 $2,090,000 $261,250 $8,407 3.25%
Cookeville, TN (FHA|USDA|VA) 10 $1,950,000 $195,000 $6,396 3.00%
Brevard, NC (FHA|USDA|VA) 7 $1,935,000 $276,429 $5,952 3.25%
Lawrenceburg, TN (FHA|USDA|VA) 11 $1,935,000 $175,909 $5,117 3.25%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,830,000 $457,500 $8,206 3.09%
Calhoun, GA (FHA|USDA|VA) 10 $1,760,000 $176,000 $6,651 2.62%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 8 $1,750,000 $218,750 $5,114 3.33%
Fort Payne, AL (FHA|USDA|VA) 10 $1,700,000 $170,000 $5,252 3.35%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 9 $1,605,000 $178,333 $6,366 3.14%
KNOXVILLE, TN (FHA|USDA|VA) 6 $1,590,000 $265,000 $6,814 3.44%
Cornelia, GA (FHA|USDA|VA) 9 $1,575,000 $175,000 $4,117 3.31%
SAVANNAH, GA (FHA|USDA|VA) 7 $1,555,000 $222,143 $7,216 2.71%
BRUNSWICK, GA (FHA|USDA|VA) 4 $1,380,000 $345,000 $6,553 3.40%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $1,370,000 $342,500 $8,029 3.34%
ALBANY, GA (FHA|USDA|VA) 10 $1,330,000 $133,000 $7,955 2.48%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 4 $1,310,000 $327,500 $5,403 2.91%
PANAMA CITY, FL (FHA|USDA|VA) 9 $1,255,000 $139,444 $6,019 1.76%
Forest City, NC (FHA|USDA|VA) 3 $1,245,000 $415,000 $4,638 3.33%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $1,215,000 $243,000 $4,071 2.60%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $1,130,000 $282,500 $4,850 3.34%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 6 $1,120,000 $186,667 $6,245 3.31%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $1,120,000 $280,000 $7,032 3.31%
PUNTA GORDA, FL (FHA|USDA|VA) 5 $1,025,000 $205,000 $5,951 2.97%
Wilson, NC (FHA|USDA|VA) 5 $1,015,000 $203,000 $7,559 2.38%
WILMINGTON, NC (FHA|USDA|VA) 5 $995,000 $199,000 $5,768 3.90%
Milledgeville, GA (FHA|USDA|VA) 4 $980,000 $245,000 $6,475 3.28%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $970,000 $485,000 $5,252 2.94%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $965,000 $321,667 $5,319 3.13%
ROME, GA (FHA|USDA|VA) 4 $960,000 $240,000 $3,722 3.44%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $960,000 $240,000 $3,943 3.16%
Albertville, AL (FHA|USDA|VA) 4 $950,000 $237,500 $4,125 2.88%
Cullowhee, NC (FHA|USDA|VA) 3 $945,000 $315,000 $3,917 3.41%
Marion, NC (FHA|USDA|VA) 2 $820,000 $410,000 $5,001 3.81%
WINSTON-SALEM, NC (FHA|USDA|VA) 4 $780,000 $195,000 $5,950 2.59%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 5 $735,000 $147,000 $5,014 2.95%
JACKSON, TN (FHA|USDA|VA) 3 $685,000 $228,333 $4,573 3.58%
DALTON, GA (FHA|USDA|VA) 4 $620,000 $155,000 $6,710 2.72%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $600,000 $300,000 $4,907 3.06%
Bainbridge, GA (FHA|USDA|VA) 4 $590,000 $147,500 $4,574 2.88%
Athens, TN (FHA|USDA|VA) 2 $580,000 $290,000 $6,664 3.31%
LaGrange, GA-AL (FHA|USDA|VA) 4 $580,000 $145,000 $7,909 2.22%
Key West, FL (FHA|USDA|VA) 1 $565,000 $565,000 $10,665 3.50%
VALDOSTA, GA (FHA|USDA|VA) 2 $540,000 $270,000 $4,922 2.88%
COLUMBIA, SC (FHA|USDA|VA) 4 $530,000 $132,500 $6,553 2.25%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $525,000 $525,000 $2,554 3.25%
DECATUR, AL (FHA|USDA|VA) 4 $500,000 $125,000 $5,800 3.25%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $500,000 $250,000 $4,531 3.13%
TEXARKANA, TX-AR (FHA|USDA|VA) 2 $490,000 $245,000 $3,760 3.31%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 3 $425,000 $141,667 $5,090 3.08%
Sevierville, TN (FHA|USDA|VA) 1 $425,000 $425,000 $7,348 2.13%
ROCKY MOUNT, NC (FHA|USDA|VA) 3 $415,000 $138,333 $4,944 3.04%
Jasper, AL (FHA|USDA|VA) 1 $405,000 $405,000 $3,925 2.88%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $375,000 $375,000 $5,517 3.50%
JOHNSON CITY, TN (FHA|USDA|VA) 2 $370,000 $185,000 $5,257 3.50%
Okeechobee, FL (FHA|USDA|VA) 1 $355,000 $355,000 $7,084 3.13%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $335,000 $335,000 $4,660 4.00%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $320,000 $160,000 $6,492 3.81%
Mayfield, KY (FHA|USDA|VA) 2 $310,000 $155,000 $5,194 3.25%
Glasgow, KY (FHA|USDA|VA) 1 $295,000 $295,000 $1,753 2.99%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $275,000 $275,000 $8,263 3.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $265,000 $265,000 $6,931 3.50%
FORT COLLINS, CO (FHA|USDA|VA) 1 $265,000 $265,000 $2,773 3.25%
Batesville, AR (FHA|USDA|VA) 1 $255,000 $255,000 $2,769 3.50%
RICHMOND, VA (FHA|USDA|VA) 1 $245,000 $245,000 $5,976 3.00%
Sanford, NC (FHA|USDA|VA) 1 $245,000 $245,000 $5,886 3.25%
Boone, NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,010 3.88%
Henderson, NC (FHA|USDA|VA) 1 $215,000 $215,000 $7,076 3.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $215,000 $215,000 $7,594 3.25%
Tifton, GA (FHA|USDA|VA) 1 $205,000 $205,000 $11,119 3.25%
Alexander City, AL (FHA|USDA|VA) 1 $205,000 $205,000 $3,132 2.75%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $200,000 $100,000 $7,475 3.00%
THE VILLAGES, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,377 3.38%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $180,000 $90,000 $8,784 2.13%
Laurel, MS (FHA|USDA|VA) 1 $175,000 $175,000 $7,165 2.88%
Statesboro, GA (FHA|USDA|VA) 1 $175,000 $175,000 $5,820 2.88%
CLEVELAND, TN (FHA|USDA|VA) 1 $165,000 $165,000 $6,859 3.13%
Americus, GA (FHA|USDA|VA) 1 $155,000 $155,000 $4,621 3.75%
Moultrie, GA (FHA|USDA|VA) 1 $155,000 $155,000 $3,475 3.50%
PUEBLO, CO (FHA|USDA|VA) 1 $155,000 $155,000 $4,605 2.88%
Shelby, NC (FHA|USDA|VA) 1 $155,000 $155,000 $5,490 3.50%
Crossville, TN (FHA|USDA|VA) 1 $155,000 $155,000 $4,820 2.75%
Marion, IN (FHA|USDA|VA) 2 $150,000 $75,000 $7,145 1.56%
Lumberton, NC (FHA|USDA|VA) 1 $145,000 $145,000 $5,592 3.75%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $145,000 $145,000 $4,617 2.99%
JACKSON, MS (FHA|USDA|VA) 1 $135,000 $135,000 $6,037 3.25%
Murray, KY (FHA|USDA|VA) 1 $135,000 $135,000 $2,897 3.12%
MUNCIE, IN (FHA|USDA|VA) 1 $135,000 $135,000 $3,450 3.00%
MORRISTOWN, TN (FHA|USDA|VA) 1 $135,000 $135,000 $6,156 3.50%
Union City, TN (FHA|USDA|VA) 1 $125,000 $125,000 $5,398 3.38%
COLUMBUS, IN (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.50%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $115,000 $115,000 $5,145 3.25%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $105,000 $105,000 $3,649 3.13%
HARRISONBURG, VA (FHA|USDA|VA) 1 $105,000 $105,000 $3,246 2.63%
Madisonville, KY (FHA|USDA|VA) 1 $105,000 $105,000 $4,950 3.25%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $95,000 $95,000 $2,779 3.50%
Cedartown, GA (FHA|USDA|VA) 1 $85,000 $85,000 $3,328 2.50%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $55,000 $55,000 $1,747 2.99%

Acopia 's top markets include Atlanta, Nashville, Port St. Lucie, Asheville, and Greenville among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,550 $868,460,000 $244,637 $4,938 3.04%
FHA 819 $193,345,000 $236,074 $9,147 3.35%
VA 282 $83,250,000 $295,213 $6,107 3.15%
USDA 176 $37,120,000 $210,909 $5,963 2.99%

For the 2021 period, Acopia 's most frequently originated loan type of loans were Conventional, with 3,550 originations. Their 2nd most popular type is FHA, with 819 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 3,240 $804,780,000 $248,389 $6,196 3.12%
Refi 856 $204,710,000 $239,147 $4,492 2.87%
Home Improvement 408 $101,370,000 $248,456 $5,928 3.34%
Cash Out Refi 323 $71,315,000 $220,789 $5,494 3.16%

For the 2021, Acopia 's most frequently cited loan purpose of loans were Home Purchase, with 3,240 originations. The 2nd most popular reason of loans were Refi, with 856 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,175 $816,915,000 $257,296 $6,146 3.18%
Other 1,145 $274,485,000 $239,725 $5,561 3.13%
15 Year 395 $77,055,000 $195,076 $4,078 2.42%
10 Year 55 $3,045,000 $55,364 $3,043 2.68%
20 Year 52 $10,610,000 $204,038 $4,288 2.83%
5 Year 5 $65,000 $13,000 $0 0.00%

For the 2021, Acopia 's most frequently cited loan length of loans were 30 Year, with 3,175 originations. The 2nd most popular length of loans were Other, with 1,145 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,617 $400,685,000 $247,795
$3k-4k 1,119 $286,885,000 $256,376
$2k-3k 968 $216,230,000 $223,378
$<1k 631 $115,275,000 $182,686
$5k+ 416 $149,290,000 $358,870

$6,146 of loans were Acopia 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,617 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 2,774 $729,420,000 $262,949
2.5-3% 1,277 $320,735,000 $251,163
<2.5% 574 $93,530,000 $162,944
4-5% 167 $37,575,000 $225,000
5-6% 23 $805,000 $35,000
6-7% 1 $25,000 $25,000

During 2021, Acopia 's average interest rate of loans were 3.18%, while their most frequently originated rate bucket of loans were 3-4%, with 2,774 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,583 $707,435,000 $273,881 $6,193 3.20%
$100k-200k 1,338 $211,420,000 $158,012 $4,923 3.15%
$400k-600k 451 $214,205,000 $474,956 $6,929 3.20%
$100,000 or less 406 $14,810,000 $36,478 $2,987 2.11%
$600k-1MM 49 $34,305,000 $700,102 $9,664 3.17%

2021 saw Acopia place emphasis on $200k-400k loans with 2,583 originations, totaling $707,435,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 1,415 $303,025,000 $214,152 $5,927 3.07%
$50k or less 1,018 $161,990,000 $159,126 $5,360 2.94%
$75k-100k 892 $224,170,000 $251,312 $5,975 3.18%
$100k-150k 879 $267,795,000 $304,659 $5,894 3.20%
$150k-250k 489 $170,245,000 $348,149 $5,863 3.15%
$250k+ 134 $54,950,000 $410,075 $5,953 3.11%

Acopia lent most frequently to those with incomes in the $50k-75k range, with 1,415 originations. The second most popular income band? $50k or less, with 1,018 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 924 $228,960,000 $247,792 $5,153 3.08%
30-36% 838 $210,010,000 $250,609 $5,652 3.10%
<20% 309 $66,705,000 $215,874 $4,343 2.89%
50-60% 294 $70,660,000 $240,340 $8,888 3.14%
44% 214 $55,190,000 $257,897 $6,390 3.24%
39% 209 $53,215,000 $254,617 $6,022 3.13%
38% 198 $48,160,000 $243,232 $5,962 3.12%
40% 198 $47,360,000 $239,192 $5,787 3.03%
41% 198 $49,060,000 $247,778 $6,318 3.12%
42% 191 $45,215,000 $236,728 $5,951 3.20%
49% 179 $46,685,000 $260,810 $6,014 3.09%
43% 176 $44,180,000 $251,023 $6,046 3.22%
37% 168 $40,760,000 $242,619 $5,670 3.17%
48% 143 $32,805,000 $229,406 $6,138 3.06%
45% 141 $35,325,000 $250,532 $6,249 3.05%
36% 140 $31,600,000 $225,714 $5,228 3.03%
46% 136 $34,550,000 $254,044 $5,953 3.20%
47% 121 $30,705,000 $253,760 $5,396 3.15%
>60% 8 $1,180,000 $147,500 $7,729 1.63%

Acopia lent most frequently to those with DTI ratios of 20-30%, with 924 originations. The next most common DTI ratio? 30-36%, with 838 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,580 $892,500,000 $249,302 $5,621 3.10%
Black 624 $135,530,000 $217,196 $7,101 3.04%
Not provided 489 $120,045,000 $245,491 $5,651 3.15%
Asian 110 $28,660,000 $260,545 $5,689 3.10%
American Indian 16 $3,560,000 $222,500 $7,109 3.23%
Native Hawaiian 5 $1,105,000 $221,000 $7,671 3.13%
Filipino 2 $530,000 $265,000 $5,147 3.06%
Other Asian 1 $245,000 $245,000 $4,799 3.50%

Approval Rates

Total approvals of all applications
94.78%

Acopia has an average approval rate.

Pick Rate

Approvals leading to origination
73.71%

Acopia has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 4,827 $1,182,175,000 $244,909

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
4,827 $1,182,175,000 $244,909

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 140 $19,490,000 $139,214 $3,601 2.89%
40-60% 483 $102,465,000 $212,143 $4,330 2.86%
60-80% 1,448 $388,430,000 $268,253 $5,294 3.19%
80-100% 2,433 $649,185,000 $266,825 $6,482 3.25%
Over 100% 63 $19,075,000 $302,778 $10,852 3.28%
Under 20% 260 $3,530,000 $13,577 $691 1.51%