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 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 Baltimore among others. We have data for 34 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 | 6.90% | 12/16/24 |
| 30 Year Conventional Refi | 6.73% | 12/16/24 |
| 30 Year Cash-out Refi | 6.64% | 12/16/24 |
| 30 Year FHA Purchase | 7.49% | 12/16/24 |
| 30 Year VA Purchase | 6.08% | 12/16/24 |
| 30 Year VA Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.89% | 12/16/24 |
| 15 Year Conventional Refi | 6.03% | 12/16/24 |
| 15 Year Cash-out Refi | 6.03% | 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. | ||
Geo-corp Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
580Origination Dollar Volume (All Markets)
$184,070,000Top 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 191 | $65,455,000 | $342,696 | $11,552 | 4.17% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 156 | $58,890,000 | $377,500 | $12,231 | 4.57% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 56 | $15,210,000 | $271,607 | $10,332 | 4.31% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 55 | $14,905,000 | $271,000 | $10,503 | 4.57% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 31 | $9,275,000 | $299,194 | $11,141 | 4.20% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 37 | $7,585,000 | $205,000 | $9,453 | 4.56% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 9 | $1,795,000 | $199,444 | $7,353 | 4.38% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $12,634 | 3.93% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $28,774 | 4.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $9,038 | 5.17% |
| Outside of Metro Areas | 3 | $1,005,000 | $335,000 | $14,932 | 3.88% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $13,524 | 4.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $10,098 | 4.63% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $8,340 | 4.38% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $9,147 | 4.33% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $12,054 | 4.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $8,078 | 4.63% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $9,316 | 4.88% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $8,271 | 4.81% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,568 | 4.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $7,299 | 5.56% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $16,238 | 5.88% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $20,451 | 5.75% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,673 | 4.38% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $31,761 | 4.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,825 | 4.38% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,772 | 4.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,066 | 5.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,003 | 4.88% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,876 | 4.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $8,059 | 4.13% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,643 | 4.88% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,105 | 4.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $7,091 | 4.88% |
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 | 481 | $149,005,000 | $309,782 | $10,325 | 4.45% |
| FHA | 99 | $35,065,000 | $354,192 | $15,847 | 4.13% |
For 2019, Geo-corp's most frequently originated type of loan was Conventional, with 481 originations. Their 2nd most popular type was FHA, with 99 originations.
Loan Reason
For 2019, Geo-corp's most frequently cited loan purpose was Home Purchase, with 350 originations. The 2nd most popular reason was Refi, with 132 originations.
Loan Duration/Length
For 2019, Geo-corp's most frequently cited loan duration was 30 Year, with 515 originations. The 2nd most popular length was 15 Year, with 56 originations.
Origination Fees/Closing Costs
Geo-corp's average total fees were $11,651, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 264 originations.
Interest Rates
During 2019, Geo-corp's average interest rate for loans was 4.49%, while their most frequently originated rate bucket for loans was 4-5%, with 267 originations.
Loan Sizing
2019 saw Geo-corp place emphasis on $200k-400k loans with 325 originations, totaling $96,905,000 in origination value.
Applicant Income
Geo-corp lent most frequently to those with incomes in the $50k-75k range, with 173 originations. The second most popular income band? $75k-100k, with 128 originations.
Applicant Debt to Income Ratio
Geo-corp lent most frequently to those with DTI ratios of 30-36%, with 80 originations. The next most common DTI ratio? 20-30%, with 61 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.34%
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 origination86.38%
Geo-corp has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 580 | $184,070,000 | $317,362 |