Geo-corp Mortgage Rates, Fees & Info

PLANTATION, FL

LEI: 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.

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% 3/28/24
30 Year Conventional Refi 6.73% 3/28/24
30 Year Cash-out Refi 6.64% 3/28/24
30 Year FHA Purchase 7.49% 3/28/24
30 Year VA Purchase 6.08% 3/28/24
30 Year VA Refi 6.27% 3/28/24
15 Year Conventional Purchase 5.89% 3/28/24
15 Year Conventional Refi 6.03% 3/28/24
15 Year Cash-out Refi 6.03% 3/28/24
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

580

Origination Dollar Volume (All Markets)

$184,070,000

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) 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%
Geo-corp's top markets include Washington, Los Angeles, Dallas, Riverside, and Baltimore among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 350 $111,780,000 $319,371 $12,794 4.48%
    Refi 132 $42,490,000 $321,894 $7,751 4.04%
    Cash Out Refi 98 $29,800,000 $304,082 $10,551 4.56%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 515 $165,945,000 $322,223 $11,651 4.49%
    15 Year 56 $15,950,000 $284,821 $8,341 3.53%
    20 Year 9 $2,175,000 $241,667 $7,483 4.13%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 264 $79,310,000 $300,417
    $2k-3k 117 $39,805,000 $340,214
    $5k+ 84 $32,200,000 $383,333
    $3k-4k 52 $13,640,000 $262,308
    $4k-5k 37 $10,465,000 $282,838
    $<1k 26 $8,650,000 $332,692

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 267 $86,505,000 $323,989
    3-4% 207 $65,675,000 $317,271
    5-6% 100 $30,150,000 $301,500
    6-7% 3 $585,000 $195,000
    2.5-3% 2 $820,000 $410,000
    7-8% 1 $335,000 $335,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 325 $96,905,000 $298,169 $10,986 4.40%
    $400k-600k 135 $62,535,000 $463,222 $14,165 4.28%
    $100k-200k 105 $16,335,000 $155,571 $7,805 4.50%
    $600k-1MM 10 $6,810,000 $681,000 $19,239 4.63%
    $100,000 or less 4 $360,000 $90,000 $5,632 4.66%
    $1MM+ 1 $1,125,000 $1,125,000 $17,920 4.25%

    2019 saw Geo-corp place emphasis on $200k-400k loans with 325 originations, totaling $96,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 173 $48,355,000 $279,509 $10,560 4.50%
    $75k-100k 128 $44,360,000 $346,563 $11,858 4.46%
    $100k-150k 107 $40,065,000 $374,439 $12,491 4.23%
    $50k or less 93 $17,845,000 $191,882 $9,249 4.40%
    $150k-250k 49 $21,575,000 $440,306 $13,243 4.23%
    $250k+ 26 $10,360,000 $398,462 $11,992 4.27%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 80 $22,740,000 $284,250 $10,432 4.25%
    20-30% 61 $19,295,000 $316,311 $10,846 4.26%
    50-60% 51 $17,695,000 $346,961 $15,387 4.27%
    44% 35 $11,265,000 $321,857 $10,615 4.57%
    43% 35 $11,655,000 $333,000 $11,405 4.86%
    49% 34 $10,340,000 $304,118 $11,253 4.28%
    45% 31 $10,415,000 $335,968 $11,731 4.60%
    40% 28 $8,910,000 $318,214 $10,147 4.46%
    41% 28 $8,540,000 $305,000 $10,895 4.37%
    42% 27 $8,505,000 $315,000 $10,182 4.40%
    46% 27 $8,585,000 $317,963 $11,237 4.38%
    47% 26 $8,280,000 $318,462 $12,049 4.52%
    <20% 24 $7,150,000 $297,917 $10,011 4.20%
    39% 22 $7,150,000 $325,000 $12,474 4.34%
    48% 22 $7,580,000 $344,545 $12,188 4.29%
    37% 18 $5,780,000 $321,111 $11,062 4.63%
    38% 14 $4,070,000 $290,714 $9,549 4.34%
    36% 13 $4,605,000 $354,231 $8,300 4.37%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 326 $102,230,000 $313,589 $10,244 4.34%
    White 210 $69,810,000 $332,429 $12,426 4.47%
    Black 34 $9,610,000 $282,647 $14,434 4.29%
    Not provided 5 $1,165,000 $233,000 $10,093 5.20%
    Korean 3 $785,000 $261,667 $8,764 4.17%
    Vietnamese 2 $470,000 $235,000 $9,103 4.13%

    Approval Rates

    Total approvals of all applications
    97.34%

    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 origination
    86.38%

    Geo-corp has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 580 $184,070,000 $317,362

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 580 $184,070,000 $317,362

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $3,895,000 $205,000 $8,292 4.09%
    40-60% 91 $24,675,000 $271,154 $9,722 4.39%
    60-80% 241 $76,335,000 $316,743 $10,231 4.54%
    80-100% 229 $79,165,000 $345,699 $13,219 4.27%