Southwest Georgia Bank Mortgage Rates, Fees & Info
MOULTRIE, GALEI: 549300MMHYQYKZ8BBN39
Tax ID: 58-0360940
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Mortgage Data
Review & Overview
Southwest Georgia Bank is a smaller bank specializing in Home Purchase and Refi loans. Southwest Georgia Bank has a high proportion of conventional loans. Their top markets by origination volume include: Valdosta, Moultrie, Chattanooga, Thomasville, and Tifton among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Southwest Georgia Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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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Originations
177Origination Dollar Volume (All Markets)
$43,645,000Top 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 |
|---|---|---|---|---|---|
| VALDOSTA, GA (FHA|USDA|VA) | 79 | $16,645,000 | $210,696 | $0 | 0.00% |
| Moultrie, GA (FHA|USDA|VA) | 57 | $11,315,000 | $198,509 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $8,835,000 | $8,835,000 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $1,990,000 | $142,143 | $0 | 0.00% |
| Thomasville, GA (FHA|USDA|VA) | 6 | $1,470,000 | $245,000 | $0 | 0.00% |
| Tifton, GA (FHA|USDA|VA) | 6 | $880,000 | $146,667 | $0 | 0.00% |
| ALBANY, GA (FHA|USDA|VA) | 6 | $510,000 | $85,000 | $0 | 0.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Waycross, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Cordele, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against SOUTHWEST GEORGIA BANK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 420
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 177 | $43,645,000 | $246,582 | $0 | 0.00% |
For 2019, Southwest Georgia Bank's most frequently originated type of loan was Conventional, with 177 originations.
Loan Reason
For 2019, Southwest Georgia Bank's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Refi, with 76 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 177 | $43,645,000 | $246,582 | $0 | 0.00% |
For 2019, Southwest Georgia Bank's most frequently cited loan duration was Other, with 177 originations.
Loan Sizing
2019 saw Southwest Georgia Bank place emphasis on $100,000 or less loans with 92 originations, totaling $4,670,000 in origination value.
Applicant Income
Southwest Georgia Bank lent most frequently to those with incomes in the $150k-250k range, with 29 originations. The second most popular income band? $50k or less, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 177 | $43,645,000 | $246,582 | $0 | 0.00% |
Southwest Georgia Bank lent most frequently to those with DTI ratios of Exempt%, with 177 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.48%
Southwest Georgia Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.66%
Southwest Georgia Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 177 | $43,645,000 | $246,582 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SOUTHWEST FUNDING, LP | FHA mortgage | Closing on a mortgage | 1 | 100.0% |