Geovista Mortgage Rates, Fees & Info
Hinesville, GALEI: 549300N2BFCK87IZW394
Tax ID: 58-0957096
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Mortgage Data
Review & Overview
Geovista is a smaller mortgage company specializing in Home Improvement, Refi, and Home Purchase loans. Geovista has a high proportion of conventional loans. Their top markets by origination volume include: Savannah, Hinesville, and Statesboro among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Geovista 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. Geovista 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 about average 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 | 5.11% | 12/16/24 |
| 30 Year Conventional Refi | 4.65% | 12/16/24 |
| 30 Year Cash-out Refi | 5.93% | 12/16/24 |
| 15 Year Conventional Purchase | 6.42% | 12/16/24 |
| 15 Year Conventional Refi | 5.22% | 12/16/24 |
| 15 Year Cash-out Refi | 5.22% | 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. | ||
Geovista Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
13Origination Dollar Volume (All Markets)
$1,105,000Top 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 |
|---|---|---|---|---|---|
| SAVANNAH, GA (FHA|USDA|VA) | 10 | $750,000 | $75,000 | $2,198 | 4.97% |
| HINESVILLE, GA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,781 | 3.70% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,410 | 3.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against GEOVISTA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 13 | $1,105,000 | $85,000 | $2,304 | 4.70% |
For 2019, Geovista's most frequently originated type of loan was Conventional, with 13 originations.
Loan Reason
For 2019, Geovista's most frequently cited loan purpose was Home Improvement, with 4 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
For 2019, Geovista's most frequently cited loan duration was 15 Year, with 4 originations. The 2nd most popular length was 30 Year, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 13 | $1,105,000 | $85,000 |
Geovista's average total fees were $2,730, 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 |
|---|---|---|---|
| 3-4% | 5 | $715,000 | $143,000 |
| 4-5% | 4 | $160,000 | $40,000 |
| 5-6% | 4 | $230,000 | $57,500 |
During 2019, Geovista's average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 3-4%, with 5 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 8 | $310,000 | $38,750 | $1,995 | 4.96% |
| $100k-200k | 5 | $795,000 | $159,000 | $2,798 | 4.28% |
2019 saw Geovista place emphasis on $100,000 or less loans with 8 originations, totaling $310,000 in origination value.
Applicant Income
Geovista lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $50k-75k, with 3 originations.
Applicant Debt to Income Ratio
Geovista lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? 30-36%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 8 | $720,000 | $90,000 | $2,286 | 4.68% |
| Black | 4 | $230,000 | $57,500 | $2,148 | 4.99% |
| Asian | 1 | $155,000 | $155,000 | $3,077 | 3.70% |
Approval Rates
Total approvals of all applications48.78%
Geovista has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination46.15%
Geovista 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 | 13 | $1,105,000 | $85,000 |