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: Greenville, Statesboro, Brunswick, Savannah, and Seneca among others. We have data for 11 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
17Origination Dollar Volume (All Markets)
$2,125,000Top 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 |
|---|---|---|---|---|---|
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $3,161 | 5.11% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,923 | 6.50% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 4.60% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,542 | 5.35% |
| Seneca, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,222 | 6.25% |
| Outside of Metro Areas | 2 | $180,000 | $90,000 | $3,315 | 5.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,234 | 4.95% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $95,000 | $31,667 | $2,211 | 5.75% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $893 | 5.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,845 | 5.25% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,430 | 5.80% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 16 | $2,070,000 | $129,375 | $2,680 | 5.42% |
| HELOC | 1 | $55,000 | $55,000 | n/a | 5.25% |
For 2020, Agsouth Farm Credit Aca's most frequently originated type of loan was Conventional, with 16 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 15 | $1,985,000 | $132,333 | $2,682 | 5.44% |
| Home Improvement | 1 | $55,000 | $55,000 | $0 | 5.25% |
| Refi | 1 | $85,000 | $85,000 | $2,650 | 5.00% |
For 2020, Agsouth Farm Credit Aca's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Home Improvement, with 1 originations.
Loan Duration/Length
For 2020, Agsouth Farm Credit Aca's most frequently cited loan duration was 15 Year, with 7 originations. The 2nd most popular length was 20 Year, with 5 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 7 | $955,000 | $136,429 |
| $<1k | 6 | $650,000 | $108,333 |
| $2k-3k | 1 | $125,000 | $125,000 |
Agsouth Farm Credit Aca's average total fees were $2,755, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 9 | $995,000 | $110,556 |
| 4-5% | 5 | $625,000 | $125,000 |
| 6-7% | 3 | $505,000 | $168,333 |
During 2020, Agsouth Farm Credit Aca's average interest rate for loans was 5.58%, while their most frequently originated rate bucket for loans was 5-6%, with 9 originations.
Loan Sizing
2020 saw Agsouth Farm Credit Aca place emphasis on $100,000 or less loans with 9 originations, totaling $485,000 in origination value.
Applicant Income
Agsouth Farm Credit Aca lent most frequently to those with incomes in the $50k-75k range, with 6 originations. The second most popular income band? $250k+, with 5 originations.
Applicant Debt to Income Ratio
Agsouth Farm Credit Aca lent most frequently to those with DTI ratios of 30-36%, with 4 originations. The next most common DTI ratio? 50-60%, with 3 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications61.51%
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-1,576.47%
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 | 17 | $2,125,000 | $125,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 17 | $2,125,000 | $125,000 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Activus Corporation | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 100.0% |