Geo-corp Mortgage Rates, Fees & Info

PLANTATION, FL

LEI: 549300P55E0GN57DEV03

Tax ID: 65-0738229

1 stars - Updated: 6/9/24 - out of 5 stars, based on 21 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.90% 6/9/24
30 Year Conventional Refi 6.73% 6/9/24
30 Year Cash-out Refi 6.64% 6/9/24
30 Year FHA Purchase 7.49% 6/9/24
30 Year VA Purchase 6.08% 6/9/24
30 Year VA Refi 6.27% 6/9/24
15 Year Conventional Purchase 5.89% 6/9/24
15 Year Conventional Refi 6.03% 6/9/24
15 Year Cash-out Refi 6.03% 6/9/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Geo-corp. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

432

Origination Dollar Volume (All Markets)

$187,070,000

Relative 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%
Geo-corp's top markets include Los Angeles, Riverside, Washington, Houston, and Atlanta among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 117
    POINT BREEZE
    Similarity Rank: 160
    LBS FINANCIAL
    Similarity Rank: 258
    CLARK COUNTY CREDIT UNION
    Similarity Rank: 330
    SOUTHLAND CREDIT UNION
    Similarity Rank: 342
    FIRST ENTERTAINMENT
    Similarity Rank: 351

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 393 $172,315,000 $438,461 $18,212 7.31%
    Cash Out Refi 32 $12,580,000 $393,125 $12,075 7.36%
    Refi 7 $2,175,000 $310,714 $11,722 7.27%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 423 $185,525,000 $438,593 $17,992 7.30%
    10 Year 6 $440,000 $73,333 $1,039 8.92%
    15 Year 3 $1,105,000 $368,333 $6,780 5.75%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 296 $138,020,000 $466,284
    $2k-3k 58 $23,090,000 $398,103
    $1k-2k 19 $8,095,000 $426,053
    $4k-5k 18 $4,760,000 $264,444
    $3k-4k 16 $4,110,000 $256,875
    $<1k 1 $475,000 $475,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 168 $52,820,000 $314,405 $13,318 7.29%
    $400k-600k 156 $75,970,000 $486,987 $18,557 7.28%
    $600k-1MM 70 $48,810,000 $697,286 $31,198 7.39%
    $100k-200k 29 $4,915,000 $169,483 $6,580 7.00%
    $100,000 or less 5 $75,000 $15,000 $104 9.40%
    $1MM+ 4 $4,480,000 $1,120,000 $32,325 8.09%

    2023 saw Geo-corp place emphasis on $200k-400k loans with 168 originations, totaling $52,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 162 $73,220,000 $451,975 $18,714 7.27%
    $150k-250k 106 $60,920,000 $574,717 $23,764 7.39%
    $75k-100k 100 $31,290,000 $312,900 $13,565 7.34%
    $50k-75k 33 $7,715,000 $233,788 $9,384 7.10%
    $250k+ 19 $11,795,000 $620,789 $18,910 7.93%
    $50k or less 12 $2,130,000 $177,500 $5,791 6.60%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 54 $26,410,000 $489,074 $24,126 7.27%
    47% 40 $17,400,000 $435,000 $19,210 7.43%
    49% 35 $15,275,000 $436,429 $18,465 7.23%
    46% 34 $15,510,000 $456,176 $19,078 7.39%
    48% 32 $14,630,000 $457,188 $19,350 7.14%
    44% 31 $13,245,000 $427,258 $18,260 7.33%
    45% 30 $13,800,000 $460,000 $19,317 7.43%
    30-36% 29 $9,275,000 $319,828 $9,699 7.14%
    42% 27 $9,685,000 $358,704 $13,639 7.22%
    41% 26 $11,330,000 $435,769 $18,321 7.18%
    43% 20 $9,540,000 $477,000 $16,619 7.51%
    40% 16 $7,130,000 $445,625 $15,667 7.32%
    20-30% 15 $6,955,000 $463,667 $12,909 7.49%
    39% 14 $5,270,000 $376,429 $16,957 7.21%
    38% 9 $3,635,000 $403,889 $13,906 7.72%
    36% 7 $2,665,000 $380,714 $9,578 7.25%
    <20% 7 $3,085,000 $440,714 $11,943 7.46%
    37% 6 $2,230,000 $371,667 $13,952 7.71%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 251 $107,535,000 $428,426 $20,776 7.38%
    Asian 130 $54,760,000 $421,231 $9,556 7.16%
    Not provided 28 $15,610,000 $557,500 $27,885 7.40%
    Black 17 $6,755,000 $397,353 $15,973 7.42%
    Other Asian 3 $1,375,000 $458,333 $24,167 7.13%
    American Indian 2 $590,000 $295,000 $14,036 7.56%
    Native Hawaiian or Islander 1 $445,000 $445,000 $25,695 7.00%

    Approval Rates

    Total approvals of all applications
    95.06%

    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 origination
    71.76%

    Geo-corp has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 432 $187,070,000 $433,032

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    432 $187,070,000 $433,032

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $3,015,000 $274,091 $8,546 6.91%
    40-60% 16 $5,400,000 $337,500 $9,502 7.03%
    60-80% 90 $38,270,000 $425,222 $11,790 7.34%
    80-100% 310 $140,310,000 $452,613 $20,401 7.30%
    Under 20% 5 $75,000 $15,000 $104 9.40%