Agsouth Farm Credit Aca Mortgage Rates, Fees & Info
Statesboro, GALEI: 549300LG73ZJO2VYV440
Tax ID: 57-1100416
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Mortgage Data
Review & Overview
Agsouth Farm Credit Aca is a smaller mortgage company specializing in Home Purchase loans. Agsouth Farm Credit Aca has a high proportion of conventional loans. Their top markets by origination volume include: Charlotte, Greensboro, Winston, North Wilkesboro, and Pinehurst among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Agsouth Farm Credit Aca 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. Agsouth Farm Credit Aca 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.27% | 12/16/24 |
| 30 Year Conventional Refi | 6.42% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 30 Year USDA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 7.62% | 12/16/24 |
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 12/16/24 |
| 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. | ||
Agsouth Farm Credit Aca Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Agsouth Farm Credit Aca. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
61Origination Dollar Volume (All Markets)
$14,935,000Relative Rate
Agsouth Farm Credit Aca's average 30 year fixed mortgage rate was
7.6%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.12%.
Relative Fees (Closing Costs)
Agsouth Farm Credit Aca's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,059.
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 |
|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 14 | $3,300,000 | $235,714 | $4,608 | 8.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 9 | $2,365,000 | $262,778 | $6,203 | 8.38% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 9 | $2,085,000 | $231,667 | $5,457 | 8.88% |
| Outside of Metro Areas | 7 | $1,985,000 | $283,571 | $6,763 | 8.67% |
| North Wilkesboro, NC (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $6,488 | 8.37% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $6,844 | 8.30% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $5,626 | 8.89% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $3,155 | 6.58% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $7,008 | 9.15% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,229 | 9.30% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,128 | 9.35% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,771 | 8.65% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,959 | 9.00% |
| Jesup, GA (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $3,919 | 8.14% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,729 | 8.40% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,022 | 4.38% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,007 | 8.30% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $22 | 7.65% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 61 | $14,935,000 | $244,836 | $5,224 | 8.38% |
For 2023, Agsouth Farm Credit Aca's most frequently originated type of loan was Conventional, with 61 originations.
Loan Reason
For 2023, Agsouth Farm Credit Aca's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
For 2023, Agsouth Farm Credit Aca's most frequently cited loan duration was Other, with 18 originations. The 2nd most popular length was 30 Year, with 16 originations.
Origination Fees/Closing Costs
Agsouth Farm Credit Aca's average total fees were $4,059, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 15 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 47 | $12,755,000 | $271,383 |
| 7-8% | 8 | $1,460,000 | $182,500 |
| 4-5% | 2 | $180,000 | $90,000 |
| 3-4% | 1 | $85,000 | $85,000 |
During 2023, Agsouth Farm Credit Aca's average interest rate for loans was 7.60%, while their most frequently originated rate bucket for loans was Over 8%, with 47 originations.
Loan Sizing
2023 saw Agsouth Farm Credit Aca place emphasis on $100,000 or less loans with 17 originations, totaling $1,035,000 in origination value.
Applicant Income
Agsouth Farm Credit Aca lent most frequently to those with incomes in the $150k-250k range, with 17 originations. The second most popular income band? $100k-150k, with 15 originations.
Applicant Debt to Income Ratio
Agsouth Farm Credit Aca lent most frequently to those with DTI ratios of 30-36%, with 17 originations. The next most common DTI ratio? 20-30%, with 14 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications62.82%
Agsouth Farm Credit Aca has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-236.07%
Agsouth Farm Credit Aca 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 | 61 | $14,935,000 | $244,836 |