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. 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 36 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.90% | 11/30/23 |
| 30 Year Conventional Refi | 6.73% | 11/30/23 |
| 30 Year Cash-out Refi | 6.64% | 11/30/23 |
| 30 Year FHA Purchase | 7.49% | 11/30/23 |
| 30 Year VA Purchase | 6.08% | 11/30/23 |
| 30 Year VA Refi | 6.27% | 11/30/23 |
| 15 Year Conventional Purchase | 5.89% | 11/30/23 |
| 15 Year Conventional Refi | 6.03% | 11/30/23 |
| 15 Year Cash-out Refi | 6.03% | 11/30/23 |
| 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. | ||
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™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
339Origination Dollar Volume (All Markets)
$129,675,000Relative Rate
Geo-corp's average 30 year fixed mortgage rate was
5.31%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.55%.
Relative Fees (Closing Costs)
Geo-corp's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,771.
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) | 93 | $35,595,000 | $382,742 | $8,073 | 5.19% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 54 | $27,280,000 | $505,185 | $10,666 | 5.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 56 | $19,970,000 | $356,607 | $6,379 | 4.94% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 35 | $12,615,000 | $360,429 | $12,388 | 4.85% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 18 | $6,620,000 | $367,778 | $7,572 | 5.41% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 14 | $4,960,000 | $354,286 | $6,215 | 5.21% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $2,660,000 | $443,333 | $5,828 | 4.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $2,250,000 | $375,000 | $10,854 | 7.39% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $1,735,000 | $347,000 | $4,493 | 5.55% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,640,000 | $410,000 | $9,956 | 6.31% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $1,550,000 | $387,500 | $8,564 | 4.88% |
| Outside of Metro Areas | 4 | $1,220,000 | $305,000 | $8,040 | 4.94% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $8,993 | 6.00% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $9,601 | 5.81% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $9,368 | 7.29% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $4,029 | 6.09% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,396 | 2.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $7,126 | 6.04% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $9,253 | 6.06% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $13,282 | 5.94% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $9,127 | 4.88% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,957 | 5.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,279 | 2.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,748 | 6.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $12,574 | 5.75% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $10,061 | 6.81% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $12,145 | 3.88% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,513 | 4.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,871 | 5.50% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,270 | 3.00% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $13,072 | 3.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,651 | 4.50% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,681 | 4.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,514 | 5.88% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,202 | 5.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,759 | 6.38% |
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 |
|---|---|---|---|---|---|
| Conventional | 293 | $111,565,000 | $380,768 | $7,495 | 5.18% |
| FHA | 43 | $16,915,000 | $393,372 | $15,816 | 5.47% |
| VA | 3 | $1,195,000 | $398,333 | $6,786 | 3.33% |
For 2022, Geo-corp's most frequently originated type of loan was Conventional, with 293 originations. Their 2nd most popular type was FHA, with 43 originations.
Loan Reason
For 2022, Geo-corp's most frequently cited loan purpose was Home Purchase, with 246 originations. The 2nd most popular reason was Other, with 60 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 318 | $123,900,000 | $389,623 | $8,771 | 5.31% |
| 15 Year | 21 | $5,775,000 | $275,000 | $5,109 | 3.61% |
For 2022, Geo-corp's most frequently cited loan duration was 30 Year, with 318 originations. The 2nd most popular length was 15 Year, with 21 originations.
Origination Fees/Closing Costs
Geo-corp's average total fees were $8,771, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 127 originations.
Interest Rates
During 2022, Geo-corp's average interest rate for loans was 5.31%, while their most frequently originated rate bucket for loans was 5-6%, with 102 originations.
Loan Sizing
2022 saw Geo-corp place emphasis on $200k-400k loans with 176 originations, totaling $52,910,000 in origination value.
Applicant Income
Geo-corp lent most frequently to those with incomes in the $100k-150k range, with 93 originations. The second most popular income band? $75k-100k, with 81 originations.
Applicant Debt to Income Ratio
Geo-corp lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? 30-36%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.35%
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 origination77.29%
Geo-corp has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 339 | $129,675,000 | $382,522 |