Southeast Mortgage Of Georgia Rates, Fees & Info

DULUTH, GA

LEI: 549300SK3VKN3E1SZ562

Tax ID: 58-2059073

1 stars - Updated: 9/18/23 - out of 5 stars, based on 46 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Southeast Mortgage Of Georgia is a smaller mortgage company specializing in Home Purchase 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, Jefferson, and Daphne among others. We have data for 63 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.

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
Home Equity Line of Credit (HELOC) 7.01% 9/18/23
30 Year Conventional Purchase 7.08% 9/18/23
30 Year Conventional Refi 7.06% 9/18/23
30 Year Cash-out Refi 7.19% 9/18/23
30 Year FHA Purchase 7.63% 9/18/23
30 Year FHA Refi 7.45% 9/18/23
30 Year VA Purchase 6.61% 9/18/23
30 Year VA Refi 6.59% 9/18/23
30 Year USDA Purchase 7.02% 9/18/23
15 Year Conventional Purchase 6.73% 9/18/23
15 Year Conventional Refi 6.61% 9/18/23
15 Year Cash-out Refi 6.61% 9/18/23
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.

Southeast Mortgage Of Georgia Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Southeast Mortgage Of Georgia. 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

2,137

Origination Dollar Volume (All Markets)

$687,685,000

Relative Rate

Southeast Mortgage Of Georgia's average 30 year fixed mortgage rate was 5.12%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.36%.

Relative Fees (Closing Costs)

Southeast Mortgage Of Georgia's average total fees/closing costs for a 30 year fixed rate mortgage were $9,801.

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) 1,616 $534,630,000 $330,835 $10,015 5.09%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 136 $37,480,000 $275,588 $8,284 5.25%
Outside of Metro Areas 93 $29,725,000 $319,624 $9,007 5.25%
GAINESVILLE, GA (FHA|USDA|VA) 36 $13,250,000 $368,056 $9,205 4.86%
Jefferson, GA (FHA|USDA|VA) 34 $12,930,000 $380,294 $10,590 5.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 20 $6,770,000 $338,500 $8,876 5.48%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 13 $4,205,000 $323,462 $12,384 5.30%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 13 $3,855,000 $296,538 $8,693 4.56%
WARNER ROBINS, GA (FHA|USDA|VA) 17 $2,845,000 $167,353 $6,544 4.95%
PANAMA CITY, FL (FHA|USDA|VA) 7 $2,735,000 $390,714 $9,480 5.23%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 12 $2,660,000 $221,667 $7,199 5.28%
BRUNSWICK, GA (FHA|USDA|VA) 4 $2,640,000 $660,000 $13,815 5.09%
SAVANNAH, GA (FHA|USDA|VA) 6 $2,130,000 $355,000 $12,386 5.38%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $1,795,000 $256,429 $7,973 4.98%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 8 $1,740,000 $217,500 $7,990 5.22%
Calhoun, GA (FHA|USDA|VA) 6 $1,630,000 $271,667 $8,765 5.31%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $1,390,000 $347,500 $7,539 3.75%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 5 $1,225,000 $245,000 $6,027 6.15%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,220,000 $305,000 $6,247 4.97%
COLUMBUS, GA-AL (FHA|USDA|VA) 5 $1,215,000 $243,000 $10,066 5.48%
MOBILE, AL (FHA|USDA|VA) 4 $1,200,000 $300,000 $8,690 5.41%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $1,180,000 $295,000 $6,085 4.50%
Cedartown, GA (FHA|USDA|VA) 5 $1,145,000 $229,000 $6,300 5.43%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $1,130,000 $565,000 $12,240 5.56%
ROME, GA (FHA|USDA|VA) 6 $1,100,000 $183,333 $6,046 5.31%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $1,045,000 $348,333 $6,688 5.04%
MONTGOMERY, AL (FHA|USDA|VA) 7 $975,000 $139,286 $6,425 5.59%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $845,000 $281,667 $11,157 4.83%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $800,000 $400,000 $8,500 4.56%
Thomaston, GA (FHA|USDA|VA) 4 $790,000 $197,500 $6,640 5.78%
Cornelia, GA (FHA|USDA|VA) 3 $775,000 $258,333 $5,754 5.58%
LaGrange, GA-AL (FHA|USDA|VA) 4 $750,000 $187,500 $7,285 5.22%
Enterprise, AL (FHA|USDA|VA) 1 $625,000 $625,000 $31,206 5.75%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 3 $595,000 $198,333 $7,502 4.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $585,000 $585,000 $11,547 5.25%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 3 $585,000 $195,000 $6,973 5.92%
Milledgeville, GA (FHA|USDA|VA) 2 $550,000 $275,000 $8,238 4.31%
ALBANY, GA (FHA|USDA|VA) 3 $535,000 $178,333 $6,567 5.13%
Alexander City, AL (FHA|USDA|VA) 2 $470,000 $235,000 $5,580 4.50%
Toccoa, GA (FHA|USDA|VA) 2 $420,000 $210,000 $6,648 5.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $375,000 $375,000 $7,100 3.50%
St. Marys, GA (FHA|USDA|VA) 2 $370,000 $185,000 $6,380 6.31%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $365,000 $365,000 $6,457 3.88%
Starkville, MS (FHA|USDA|VA) 1 $335,000 $335,000 $11,094 3.50%
Atmore, AL (FHA|USDA|VA) 2 $300,000 $150,000 $7,986 4.56%
DOTHAN, AL (FHA|USDA|VA) 2 $290,000 $145,000 $5,915 5.75%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $12,538 5.63%
Statesboro, GA (FHA|USDA|VA) 2 $270,000 $135,000 $6,439 4.44%
JACKSON, MS (FHA|USDA|VA) 1 $255,000 $255,000 $8,688 4.25%
KNOXVILLE, TN (FHA|USDA|VA) 1 $255,000 $255,000 $6,549 5.75%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,344 2.88%
VALDOSTA, GA (FHA|USDA|VA) 1 $235,000 $235,000 $15,969 7.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $205,000 $205,000 $8,473 4.88%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $205,000 $205,000 $5,109 6.50%
HINESVILLE, GA (FHA|USDA|VA) 1 $195,000 $195,000 $5,778 6.25%
Meridian, MS (FHA|USDA|VA) 1 $195,000 $195,000 $11,516 6.63%
Summerville, GA (FHA|USDA|VA) 1 $185,000 $185,000 $7,476 5.63%
Waycross, GA (FHA|USDA|VA) 1 $185,000 $185,000 $9,684 3.25%
DALTON, GA (FHA|USDA|VA) 1 $175,000 $175,000 $6,989 6.00%
Thomasville, GA (FHA|USDA|VA) 1 $165,000 $165,000 $2,212 6.88%
Ozark, AL (FHA|USDA|VA) 1 $155,000 $155,000 $2,618 5.38%
COLUMBIA, SC (FHA|USDA|VA) 1 $155,000 $155,000 $8,622 5.63%
Paris, TN (FHA|USDA|VA) 1 $115,000 $115,000 $5,117 5.63%
Southeast Mortgage Of Georgia's top markets include Atlanta, Pensacola, Gainesville, Jefferson, and Daphne among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against SOUTHEAST MORTGAGE OF GEORGIA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    HARVESTERS FEDERAL CREDIT UNION
    Similarity Rank: 140
    GEOVISTA
    Similarity Rank: 236
    Gulf Winds Credit Union
    Similarity Rank: 324
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 476
    Eglin Federal Credit Union
    Similarity Rank: 477
    Coastal Carolina National Bank
    Similarity Rank: 500
    Credence Funding Corporation
    Similarity Rank: 553
    FIRST CHOICE MORTGAGE, INC.
    Similarity Rank: 558
    Bryant Bank
    Similarity Rank: 720
    First Community Bank
    Similarity Rank: 858

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,270 $414,620,000 $326,472 $8,038 5.17%
    FHA 638 $189,970,000 $297,759 $12,668 5.02%
    VA 197 $75,265,000 $382,056 $10,686 5.06%
    USDA 23 $5,125,000 $222,826 $7,835 4.88%
    HELOC 7 $1,915,000 $273,571 n/a 4.96%
    FHA 2 $790,000 $395,000 $0 3.94%

    For 2022, Southeast Mortgage Of Georgia's most frequently originated type of loan was Conventional, with 1,270 originations. Their 2nd most popular type was FHA, with 638 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,852 $612,250,000 $330,589 $9,909 5.16%
    Refi 263 $69,865,000 $265,646 $8,111 4.78%
    Cash Out Refi 18 $4,570,000 $253,889 $8,686 4.76%
    Home Improvement 3 $995,000 $331,667 $10,163 5.21%
    Other 1 $5,000 $5,000 $165 0.00%

    For 2022, Southeast Mortgage Of Georgia's most frequently cited loan purpose was Home Purchase, with 1,852 originations. The 2nd most popular reason was Refi, with 263 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,033 $660,675,000 $324,975 $9,801 5.12%
    15 Year 46 $10,660,000 $231,739 $6,798 4.05%
    Other 41 $12,805,000 $312,317 $8,322 6.14%
    20 Year 12 $3,310,000 $275,833 $6,897 4.50%
    10 Year 5 $235,000 $47,000 $1,673 3.15%

    For 2022, Southeast Mortgage Of Georgia's most frequently cited loan duration was 30 Year, with 2,033 originations. The 2nd most popular length was 15 Year, with 46 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 904 $366,320,000 $405,221
    $3k-4k 423 $101,015,000 $238,806
    $4k-5k 368 $110,060,000 $299,076
    $2k-3k 188 $38,160,000 $202,979
    $<1k 136 $37,850,000 $278,309
    $1k-2k 103 $30,145,000 $292,670

    Southeast Mortgage Of Georgia's average total fees were $9,801, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 904 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 668 $219,900,000 $329,192
    4-5% 593 $195,165,000 $329,115
    3-4% 402 $127,720,000 $317,711
    6-7% 337 $102,925,000 $305,415
    7-8% 101 $32,235,000 $319,158
    2.5-3% 22 $7,400,000 $336,364
    <2.5% 8 $90,000 $11,250
    Over 8% 6 $2,250,000 $375,000

    During 2022, Southeast Mortgage Of Georgia's average interest rate for loans was 5.12%, while their most frequently originated rate bucket for loans was 5-6%, with 668 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,224 $359,920,000 $294,052 $9,205 5.10%
    $400k-600k 444 $208,570,000 $469,752 $13,255 5.11%
    $100k-200k 356 $56,650,000 $159,129 $6,216 5.22%
    $600k-1MM 81 $54,885,000 $677,593 $13,615 5.26%
    $100,000 or less 28 $1,710,000 $61,071 $3,005 3.81%
    $1MM+ 4 $5,950,000 $1,487,500 $25,733 4.13%

    2022 saw Southeast Mortgage Of Georgia place emphasis on $200k-400k loans with 1,224 originations, totaling $359,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 531 $134,095,000 $252,533 $8,606 4.96%
    $100k-150k 515 $188,085,000 $365,214 $10,453 5.23%
    $75k-100k 457 $142,465,000 $311,740 $9,982 5.10%
    $150k-250k 293 $123,065,000 $420,017 $11,032 5.28%
    $50k or less 244 $48,860,000 $200,246 $7,325 4.85%
    $250k+ 97 $51,115,000 $526,959 $11,821 5.51%

    Southeast Mortgage Of Georgia lent most frequently to those with incomes in the $50k-75k range, with 531 originations. The second most popular income band? $100k-150k, with 515 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 316 $101,110,000 $319,968 $8,615 5.06%
    50-60% 265 $87,275,000 $329,340 $13,153 5.17%
    20-30% 260 $82,360,000 $316,769 $8,638 4.94%
    45% 119 $36,735,000 $308,697 $9,601 5.28%
    49% 112 $38,070,000 $339,911 $9,888 5.44%
    43% 110 $37,000,000 $336,364 $9,461 4.90%
    44% 108 $34,920,000 $323,333 $9,392 5.23%
    42% 100 $32,590,000 $325,900 $9,230 5.06%
    47% 88 $29,990,000 $340,795 $10,985 5.10%
    46% 87 $28,565,000 $328,333 $9,530 5.28%
    41% 85 $26,235,000 $308,647 $9,358 5.23%
    40% 83 $27,295,000 $328,855 $9,266 5.18%
    48% 81 $27,155,000 $335,247 $10,351 5.37%
    <20% 73 $19,255,000 $263,767 $6,574 4.44%
    38% 71 $23,675,000 $333,451 $9,123 5.13%
    37% 64 $18,680,000 $291,875 $8,552 4.91%
    39% 61 $19,365,000 $317,459 $9,516 5.28%
    36% 47 $15,445,000 $328,617 $10,204 5.05%
    >60% 6 $1,790,000 $298,333 $6,578 4.88%

    Southeast Mortgage Of Georgia lent most frequently to those with DTI ratios of 30-36%, with 316 originations. The next most common DTI ratio? 50-60%, with 265 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,054 $332,900,000 $315,844 $8,738 5.10%
    Black 870 $285,250,000 $327,874 $10,765 5.10%
    Not provided 144 $47,270,000 $328,264 $9,982 5.16%
    Asian 55 $18,215,000 $331,182 $9,576 5.30%
    American Indian 9 $2,565,000 $285,000 $9,376 5.17%
    Native Hawaiian or Islander 4 $1,270,000 $317,500 $10,419 5.78%
    Filipino 1 $215,000 $215,000 $9,872 4.75%

    Approval Rates

    Total approvals of all applications
    97.87%

    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 origination
    48.57%

    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 2,137 $687,685,000 $321,799

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,137 $687,685,000 $321,799

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $8,475,000 $159,906 $5,494 5.37%
    40-60% 136 $34,900,000 $256,618 $7,248 4.97%
    60-80% 504 $162,570,000 $322,560 $8,491 5.16%
    80-100% 1,392 $465,390,000 $334,332 $10,323 5.12%
    Over 100% 38 $15,610,000 $410,789 $18,693 5.11%
    Under 20% 14 $740,000 $52,857 $1,883 2.62%