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 Refi and Home Purchase loans. Agsouth Farm Credit Aca has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Greenville, Columbia, Statesboro, and Charleston among others. We have data for 13 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
28Origination Dollar Volume (All Markets)
$3,690,000Top 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) | 2 | $1,010,000 | $505,000 | $5,461 | 6.60% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 9 | $825,000 | $91,667 | $1,958 | 6.76% |
| Outside of Metro Areas | 3 | $395,000 | $131,667 | $1,728 | 7.22% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $270,000 | $67,500 | $2,489 | 6.91% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $250 | 6.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,103 | 6.95% |
| Seneca, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,946 | 6.82% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,470 | 7.10% |
| Douglas, GA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $3,027 | 7.07% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,598 | 7.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,134 | 7.25% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,678 | 7.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 28 | $3,690,000 | $131,786 | $2,553 | 6.89% |
For 2018, Agsouth Farm Credit Aca's most frequently originated type of loan was Conventional, with 28 originations.
Loan Reason
For 2018, Agsouth Farm Credit Aca's most frequently cited loan purpose was Refi, with 13 originations. The 2nd most popular reason was Home Purchase, with 12 originations.
Loan Duration/Length
For 2018, Agsouth Farm Credit Aca's most frequently cited loan duration was 15 Year, with 10 originations. The 2nd most popular length was 20 Year, with 7 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 13 | $1,265,000 | $97,308 |
| $2k-3k | 5 | $1,265,000 | $253,000 |
| $1k-2k | 4 | $320,000 | $80,000 |
| $3k-4k | 1 | $355,000 | $355,000 |
Agsouth Farm Credit Aca's average total fees were $2,559, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 16 | $2,220,000 | $138,750 |
| 7-8% | 10 | $1,010,000 | $101,000 |
| 5-6% | 2 | $460,000 | $230,000 |
During 2018, Agsouth Farm Credit Aca's average interest rate for loans was 7.19%, while their most frequently originated rate bucket for loans was 6-7%, with 16 originations.
Loan Sizing
2018 saw Agsouth Farm Credit Aca place emphasis on $100,000 or less loans with 14 originations, totaling $780,000 in origination value.
Applicant Income
Agsouth Farm Credit Aca lent most frequently to those with incomes in the $75k-100k range, with 8 originations. The second most popular income band? $250k+, with 6 originations.
Applicant Debt to Income Ratio
Agsouth Farm Credit Aca lent most frequently to those with DTI ratios of 30-36%, with 6 originations. The next most common DTI ratio? 20-30%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 27 | $3,635,000 | $134,630 | $2,551 | 6.89% |
| Black | 1 | $55,000 | $55,000 | $2,591 | 6.90% |
Approval Rates
Total approvals of all applications62.10%
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-496.43%
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 | 28 | $3,690,000 | $131,786 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $105,000 | $105,000 |
| Single Family (1-4 Units):Site-Built | 27 | $3,585,000 | $132,778 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Activus Corporation | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |