Geo-corp Mortgage Rates, Fees & Info
PLANTATION, FLLEI: 549300P55E0GN57DEV03
Tax ID: 65-0738229
Latest/2021 | 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 and Refi loans. Geo-corp has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Washington, Los Angeles, Dallas, Riverside, and Atlanta among others. We have data for 47 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 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 | 6.59% | 3/19/23 |
| 30 Year Conventional Refi | 6.48% | 3/19/23 |
| 30 Year Cash-out Refi | 6.67% | 3/19/23 |
| 30 Year FHA Purchase | 7.26% | 3/19/23 |
| 30 Year FHA Refi | 6.99% | 3/19/23 |
| 30 Year VA Purchase | 6.13% | 3/19/23 |
| 30 Year VA Refi | 6.27% | 3/19/23 |
| 15 Year Conventional Purchase | 6.07% | 3/19/23 |
| 15 Year Conventional Refi | 6.00% | 3/19/23 |
| 15 Year Cash-out Refi | 6.00% | 3/19/23 |
| 15 Year FHA Refi | 5.68% | 3/19/23 |
| 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. | ||
Originations
573Origination Dollar Volume (All Markets)
$198,505,000Relative Rate
Geo-corp's average 30 year fixed mortgage rate was
3.12%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.03%.
Relative Fees (Closing Costs)
Geo-corp's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,610.
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 $4,750.
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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 157 | $57,975,000 | $369,268 | $6,120 | 3.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 122 | $50,770,000 | $416,148 | $7,609 | 3.09% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 74 | $22,580,000 | $305,135 | $4,915 | 3.06% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 59 | $21,095,000 | $357,542 | $8,733 | 2.99% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 50 | $14,050,000 | $281,000 | $4,649 | 2.98% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 33 | $8,775,000 | $265,909 | $5,353 | 3.03% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 9 | $3,025,000 | $336,111 | $6,554 | 3.21% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $2,185,000 | $312,143 | $3,628 | 2.59% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,295,000 | $431,667 | $5,399 | 3.04% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $6,376 | 3.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $9,010 | 3.31% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $7,245 | 3.06% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $4,031 | 3.02% |
| Outside of Metro Areas | 4 | $900,000 | $225,000 | $5,743 | 3.22% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $7,525 | 2.67% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $6,393 | 3.25% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,533 | 2.44% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,467 | 2.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $5,093 | 3.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $9,357 | 3.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $4,414 | 2.92% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,651 | 3.00% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,270 | 2.88% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,630 | 2.88% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,075 | 3.19% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,785 | 3.13% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,607 | 3.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,733 | 3.12% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,232 | 2.38% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,942 | 3.38% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,730 | 2.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,618 | 2.63% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,796 | 2.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,467 | 3.50% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,133 | 3.38% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,853 | 2.75% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,188 | 2.75% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,689 | 3.25% |
| MERCED, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,868 | 2.99% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,857 | 3.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,488 | 2.63% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,185 | 2.50% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,230 | 4.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,161 | 2.99% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,641 | 3.63% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,006 | 3.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,290 | 3.63% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 514 | $174,190,000 | $338,891 | $5,462 | 3.05% |
| FHA | 58 | $23,850,000 | $411,207 | $13,377 | 2.87% |
| VA | 1 | $465,000 | $465,000 | $14,756 | 2.75% |
For 2021, Geo-corp's most frequently originated type of loan was Conventional, with 514 originations. Their 2nd most popular type was FHA, with 58 originations.
Loan Reason
For 2021, Geo-corp's most frequently cited loan purpose was Home Purchase, with 278 originations. The 2nd most popular reason was Refi, with 207 originations.
Loan Duration/Length
For 2021, Geo-corp's most frequently cited loan duration was 30 Year, with 482 originations. The 2nd most popular length was 15 Year, with 74 originations.
Origination Fees/Closing Costs
Geo-corp's average total fees were $6,610, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 281 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 275 | $95,165,000 | $346,055 |
| 3-4% | 236 | $85,820,000 | $363,644 |
| <2.5% | 57 | $16,385,000 | $287,456 |
| 4-5% | 5 | $1,135,000 | $227,000 |
During 2021, Geo-corp's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 275 originations.
Loan Sizing
2021 saw Geo-corp place emphasis on $200k-400k loans with 328 originations, totaling $97,980,000 in origination value.
Applicant Income
Geo-corp lent most frequently to those with incomes in the $100k-150k range, with 156 originations. The second most popular income band? $50k-75k, with 153 originations.
Applicant Debt to Income Ratio
Geo-corp lent most frequently to those with DTI ratios of 30-36%, with 94 originations. The next most common DTI ratio? 20-30%, with 90 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.26%
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 origination71.55%
Geo-corp has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 573 | $198,505,000 | $346,431 |