Geo-corp Mortgage Rates, Fees & Info
PLANTATION, FLLEI: 549300P55E0GN57DEV03
Tax ID: 65-0738229
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Mortgage Data
Review & Overview
Geo-corp is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Geo-corp has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Washington, Houston, and Atlanta among others. We have data for 43 markets. (Some data included below & more in-depth data is available with an active subscription.)Geo-corp has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Geo-corp is typically a high 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.90% | 4/21/24 |
| 30 Year Conventional Refi | 6.73% | 4/21/24 |
| 30 Year Cash-out Refi | 6.64% | 4/21/24 |
| 30 Year FHA Purchase | 7.49% | 4/21/24 |
| 30 Year VA Purchase | 6.08% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 5.89% | 4/21/24 |
| 15 Year Conventional Refi | 6.03% | 4/21/24 |
| 15 Year Cash-out Refi | 6.03% | 4/21/24 |
| 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. | ||
Geo-corp Mortgage Calculator
Your Estimates
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This is not an official calculator from Geo-corp. 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
432Origination Dollar Volume (All Markets)
$187,070,000Relative Rate
Geo-corp's average 30 year fixed mortgage rate was
7.3%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.82%.
Relative Fees (Closing Costs)
Geo-corp's average total fees/closing costs for a 30 year fixed rate
mortgage were $17,992.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 91 | $54,695,000 | $601,044 | $26,742 | 7.31% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 61 | $28,555,000 | $468,115 | $22,540 | 7.25% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 55 | $21,205,000 | $385,545 | $8,953 | 7.32% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 49 | $15,485,000 | $316,020 | $17,477 | 7.55% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 32 | $12,550,000 | $392,188 | $15,213 | 7.41% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 27 | $8,685,000 | $321,667 | $8,091 | 7.19% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 10 | $6,940,000 | $694,000 | $34,956 | 7.43% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 11 | $5,065,000 | $460,455 | $25,748 | 7.32% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 10 | $4,330,000 | $433,000 | $10,203 | 6.86% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $2,675,000 | $382,143 | $7,355 | 7.39% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $2,120,000 | $530,000 | $15,200 | 7.44% |
| RICHMOND, VA (FHA|USDA|VA) | 8 | $2,040,000 | $255,000 | $8,081 | 7.33% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,930,000 | $321,667 | $12,636 | 7.46% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,795,000 | $359,000 | $19,411 | 7.43% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $1,515,000 | $505,000 | $16,757 | 6.88% |
| Outside of Metro Areas | 4 | $1,350,000 | $337,500 | $11,256 | 7.78% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $9,757 | 6.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $12,271 | 7.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $6,134 | 6.17% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $21,460 | 7.29% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $1,035,000 | $1,035,000 | $8,898 | 7.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $19,981 | 7.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $16,141 | 7.75% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $8,324 | 6.81% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $8,278 | 8.44% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $19,107 | 7.31% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $5,940 | 6.94% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $27,439 | 7.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $10,626 | 6.44% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $8,753 | 6.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $9,394 | 7.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $10,181 | 7.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $15,653 | 6.88% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $16,811 | 6.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $12,392 | 7.13% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,844 | 8.13% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,625 | 7.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,527 | 7.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $17,079 | 6.63% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,163 | 7.38% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,877 | 7.25% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,149 | 7.88% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,484 | 6.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against GEO-CORP 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 |
|---|---|---|---|---|---|
| FHA | 251 | $115,725,000 | $461,056 | $23,779 | 7.33% |
| Conventional | 181 | $71,345,000 | $394,171 | $9,218 | 7.29% |
For 2023, Geo-corp's most frequently originated type of loan was FHA, with 251 originations. Their 2nd most popular type was Conventional, with 181 originations.
Loan Reason
For 2023, Geo-corp's most frequently cited loan purpose was Home Purchase, with 393 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.
Loan Duration/Length
For 2023, Geo-corp's most frequently cited loan duration was 30 Year, with 423 originations. The 2nd most popular length was 10 Year, with 6 originations.
Origination Fees/Closing Costs
Geo-corp's average total fees were $17,992, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 296 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 264 | $118,270,000 | $447,992 |
| 6-7% | 122 | $49,700,000 | $407,377 |
| Over 8% | 38 | $15,450,000 | $406,579 |
| 5-6% | 8 | $3,650,000 | $456,250 |
During 2023, Geo-corp's average interest rate for loans was 7.30%, while their most frequently originated rate bucket for loans was 7-8%, with 264 originations.
Loan Sizing
2023 saw Geo-corp place emphasis on $200k-400k loans with 168 originations, totaling $52,820,000 in origination value.
Applicant Income
Geo-corp lent most frequently to those with incomes in the $100k-150k range, with 162 originations. The second most popular income band? $150k-250k, with 106 originations.
Applicant Debt to Income Ratio
Geo-corp lent most frequently to those with DTI ratios of 50-60%, with 54 originations. The next most common DTI ratio? 47%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.06%
Geo-corp has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination71.76%
Geo-corp has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 432 | $187,070,000 | $433,032 |