Southeast Mortgage Of Georgia Rates, Fees & Info
DULUTH, GALEI: 549300SK3VKN3E1SZ562
Tax ID: 58-2059073
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Mortgage Data
Review & Overview
Southeast Mortgage Of Georgia is a small mortgage company specializing in loans. Southeast Mortgage Of Georgia has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Atlanta, Pensacola, Gainesville, Daphne, and Jefferson among others. We have data for 72 markets. (Some data included below & more in-depth data is available with an active subscription.)Southeast Mortgage Of Georgia 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. Southeast Mortgage Of Georgia 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.52% | 3/19/23 |
| 30 Year Conventional Purchase | 6.94% | 3/19/23 |
| 30 Year Conventional Refi | 6.78% | 3/19/23 |
| 30 Year Cash-out Refi | 6.80% | 3/19/23 |
| 30 Year FHA Purchase | 7.55% | 3/19/23 |
| 30 Year FHA Refi | 7.16% | 3/19/23 |
| 30 Year VA Purchase | 6.56% | 3/19/23 |
| 30 Year VA Refi | 6.33% | 3/19/23 |
| 30 Year USDA Purchase | 6.97% | 3/19/23 |
| 30 Year USDA Refi | 6.65% | 3/19/23 |
| 15 Year Conventional Purchase | 6.20% | 3/19/23 |
| 15 Year Conventional Refi | 6.24% | 3/19/23 |
| 15 Year Cash-out Refi | 6.24% | 3/19/23 |
| 15 Year FHA Purchase | 7.62% | 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
3,718Origination Dollar Volume (All Markets)
$1,064,110,000Relative Rate
Southeast Mortgage Of Georgia's average 30 year fixed mortgage rate was
3.28%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 0.13%.
Relative Fees (Closing Costs)
Southeast Mortgage Of Georgia's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,661.
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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2,959 | $860,985,000 | $290,972 | $7,744 | 3.23% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 181 | $45,835,000 | $253,232 | $5,778 | 3.21% |
| Outside of Metro Areas | 84 | $26,380,000 | $314,048 | $6,820 | 3.37% |
| GAINESVILLE, GA (FHA|USDA|VA) | 84 | $24,690,000 | $293,929 | $7,632 | 3.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 53 | $13,325,000 | $251,415 | $4,872 | 3.19% |
| Jefferson, GA (FHA|USDA|VA) | 47 | $13,105,000 | $278,830 | $7,234 | 3.20% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 50 | $12,960,000 | $259,200 | $7,012 | 3.30% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 25 | $8,205,000 | $328,200 | $8,351 | 3.55% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 29 | $5,575,000 | $192,241 | $6,401 | 3.27% |
| SAVANNAH, GA (FHA|USDA|VA) | 18 | $4,920,000 | $273,333 | $6,314 | 3.20% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $4,355,000 | $1,451,667 | $7,743 | 3.42% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 8 | $3,810,000 | $476,250 | $7,769 | 3.28% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 12 | $2,650,000 | $220,833 | $7,231 | 3.39% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $2,520,000 | $210,000 | $7,431 | 3.61% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 11 | $2,485,000 | $225,909 | $6,592 | 3.32% |
| Cedartown, GA (FHA|USDA|VA) | 9 | $2,175,000 | $241,667 | $5,729 | 3.39% |
| PANAMA CITY, FL (FHA|USDA|VA) | 8 | $2,030,000 | $253,750 | $5,380 | 3.05% |
| BRUNSWICK, GA (FHA|USDA|VA) | 5 | $1,955,000 | $391,000 | $6,065 | 2.85% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 7 | $1,625,000 | $232,143 | $5,857 | 3.14% |
| ROME, GA (FHA|USDA|VA) | 7 | $1,395,000 | $199,286 | $5,549 | 3.48% |
| LaGrange, GA-AL (FHA|USDA|VA) | 8 | $1,330,000 | $166,250 | $5,492 | 3.03% |
| Alexander City, AL (FHA|USDA|VA) | 8 | $1,260,000 | $157,500 | $5,055 | 3.08% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $4,317 | 3.09% |
| Cornelia, GA (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $7,393 | 3.33% |
| Statesboro, GA (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $6,350 | 3.69% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $4,087 | 2.88% |
| CLEVELAND, TN (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $6,959 | 3.69% |
| Toccoa, GA (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $6,535 | 3.28% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $8,545 | 3.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $10,341 | 3.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $2,565 | 3.21% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $7,654 | 3.31% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $8,790 | 2.83% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $6,056 | 3.31% |
| Calhoun, GA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $6,064 | 3.29% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $5,004 | 2.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $7,377 | 3.56% |
| VALDOSTA, GA (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $7,281 | 3.04% |
| Thomaston, GA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $6,039 | 3.29% |
| DALTON, GA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $7,287 | 3.56% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,658 | 2.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,606 | 3.50% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $7,309 | 3.38% |
| Cordele, GA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $7,058 | 2.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,123 | 3.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $14,221 | 3.25% |
| Atmore, AL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,604 | 3.50% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,046 | 3.06% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,188 | 3.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,117 | 3.38% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,319 | 3.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,226 | 2.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,925 | 3.38% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,669 | 4.06% |
| Moultrie, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,943 | 3.13% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,029 | 3.38% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,467 | 3.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,584 | 4.38% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,063 | 2.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,136 | 3.75% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,156 | 2.75% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,175 | 3.63% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,622 | 4.13% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,346 | 5.00% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,596 | 3.63% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,512 | 2.88% |
| Seneca, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,059 | 2.88% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,967 | 3.38% |
| Meridian, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,534 | 2.75% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $933 | 3.88% |
| Cullman, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,030 | 3.13% |
| Newberry, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,426 | 3.13% |
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Product Mix
For 2021, Southeast Mortgage Of Georgia's most frequently originated type of loan was Conventional, with 2,438 originations. Their 2nd most popular type was FHA, with 953 originations.
Loan Reason
For 2021, Southeast Mortgage Of Georgia's most frequently cited loan purpose was Home Purchase, with 2,769 originations. The 2nd most popular reason was Refi, with 774 originations.
Loan Duration/Length
For 2021, Southeast Mortgage Of Georgia's most frequently cited loan duration was 30 Year, with 3,447 originations. The 2nd most popular length was 15 Year, with 181 originations.
Origination Fees/Closing Costs
Southeast Mortgage Of Georgia's average total fees were $7,661, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 1,077 originations.
Interest Rates
During 2021, Southeast Mortgage Of Georgia's average interest rate for loans was 3.28%, while their most frequently originated rate bucket for loans was 3-4%, with 2,247 originations.
Loan Sizing
2021 saw Southeast Mortgage Of Georgia place emphasis on $200k-400k loans with 2,225 originations, totaling $630,265,000 in origination value.
Applicant Income
Southeast Mortgage Of Georgia lent most frequently to those with incomes in the $50k-75k range, with 996 originations. The second most popular income band? $75k-100k, with 751 originations.
Applicant Debt to Income Ratio
Southeast Mortgage Of Georgia lent most frequently to those with DTI ratios of 30-36%, with 642 originations. The next most common DTI ratio? 20-30%, with 632 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.77%
Southeast Mortgage Of Georgia has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination58.80%
Southeast Mortgage Of Georgia has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,718 | $1,064,110,000 | $286,205 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,718 | $1,064,110,000 | $286,205 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SOUTHEAST MORTGAGE OF GA INC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |