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 smaller mortgage company specializing in Home Purchase loans. Southeast Mortgage Of Georgia has a high proportion of conventional loans. They have a a high 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, Warner Robins, Crestview, and Athens among others. We have data for 55 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 an average 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) | 7.01% | 5/5/24 |
| 30 Year Conventional Purchase | 7.08% | 5/5/24 |
| 30 Year Conventional Refi | 7.06% | 5/5/24 |
| 30 Year Cash-out Refi | 7.19% | 5/5/24 |
| 30 Year FHA Purchase | 7.63% | 5/5/24 |
| 30 Year FHA Refi | 7.45% | 5/5/24 |
| 30 Year VA Purchase | 6.61% | 5/5/24 |
| 30 Year VA Refi | 6.59% | 5/5/24 |
| 30 Year USDA Purchase | 7.02% | 5/5/24 |
| 15 Year Conventional Purchase | 6.73% | 5/5/24 |
| 15 Year Conventional Refi | 6.61% | 5/5/24 |
| 15 Year Cash-out Refi | 6.61% | 5/5/24 |
| 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. | ||
Southeast Mortgage Of Georgia Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,513Origination Dollar Volume (All Markets)
$547,375,000Awards
SOUTHEAST MORTGAGE OF GEORGIA - 2018
SOUTHEAST MORTGAGE OF GEORGIA is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 1,846 | $419,990,000 | $227,514 | $5,855 | 4.92% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 99 | $17,115,000 | $172,879 | $4,390 | 5.04% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 72 | $11,280,000 | $156,667 | $3,950 | 4.71% |
| Outside of Metro Areas | 57 | $10,455,000 | $183,421 | $4,360 | 4.72% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 27 | $8,025,000 | $297,222 | $5,703 | 5.20% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 42 | $7,440,000 | $177,143 | $4,545 | 5.05% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 38 | $7,210,000 | $189,737 | $5,101 | 4.93% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 37 | $7,085,000 | $191,486 | $4,992 | 4.89% |
| GAINESVILLE, GA (FHA|USDA|VA) | 27 | $6,485,000 | $240,185 | $4,443 | 4.94% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 22 | $5,680,000 | $258,182 | $4,026 | 4.89% |
| PANAMA CITY, FL (FHA|USDA|VA) | 27 | $5,315,000 | $196,852 | $5,486 | 5.00% |
| Alexander City, AL (FHA|USDA|VA) | 27 | $4,915,000 | $182,037 | $3,893 | 5.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 27 | $4,245,000 | $157,222 | $4,941 | 5.00% |
| Jefferson, GA (FHA|USDA|VA) | 20 | $4,070,000 | $203,500 | $5,261 | 5.26% |
| MOBILE, AL (FHA|USDA|VA) | 21 | $3,555,000 | $169,286 | $4,050 | 5.03% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 17 | $3,475,000 | $204,412 | $6,343 | 5.01% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 11 | $2,485,000 | $225,909 | $6,132 | 4.98% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 14 | $2,150,000 | $153,571 | $4,447 | 4.68% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 10 | $2,050,000 | $205,000 | $4,001 | 4.76% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $22,582 | 4.50% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 6 | $1,200,000 | $200,000 | $6,456 | 4.98% |
| Calhoun, GA (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $4,878 | 4.83% |
| MONTGOMERY, AL (FHA|USDA|VA) | 6 | $850,000 | $141,667 | $3,721 | 5.15% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 5 | $755,000 | $151,000 | $5,006 | 4.25% |
| Cedartown, GA (FHA|USDA|VA) | 6 | $700,000 | $116,667 | $3,933 | 4.48% |
| SPARTANBURG, SC (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $6,622 | 5.08% |
| Albertville, AL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,835 | 4.81% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $7,912 | 4.81% |
| LaGrange, GA-AL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $3,017 | 4.96% |
| Toccoa, GA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $3,514 | 4.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,797 | 4.38% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,662 | 4.94% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,503 | 4.56% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $14,129 | 5.00% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,711 | 4.88% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,473 | 5.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,622 | 4.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,890 | 4.81% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,693 | 4.50% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 5.13% |
| Troy, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,324 | 5.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,281 | 4.38% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $440 | 5.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,675 | 4.63% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,841 | 4.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,769 | 4.50% |
| OCALA, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,040 | 4.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,821 | 4.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,106 | 4.75% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,077 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,283 | 4.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,683 | 5.63% |
| Atmore, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,889 | 5.38% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,528 | 4.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
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.
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Product Mix
For 2018, Southeast Mortgage Of Georgia's most frequently originated type of loan was Conventional, with 1,210 originations. Their 2nd most popular type was FHA, with 971 originations.
Loan Reason
For 2018, Southeast Mortgage Of Georgia's most frequently cited loan purpose was Home Purchase, with 2,376 originations. The 2nd most popular reason was Refi, with 93 originations.
Loan Duration/Length
For 2018, Southeast Mortgage Of Georgia's most frequently cited loan duration was 30 Year, with 2,379 originations. The 2nd most popular length was Other, with 66 originations.
Origination Fees/Closing Costs
Southeast Mortgage Of Georgia's average total fees were $5,591, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 790 originations.
Interest Rates
During 2018, Southeast Mortgage Of Georgia's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 1,491 originations.
Loan Sizing
2018 saw Southeast Mortgage Of Georgia place emphasis on $200k-400k loans with 1,148 originations, totaling $306,880,000 in origination value.
Applicant Income
Southeast Mortgage Of Georgia lent most frequently to those with incomes in the $50k-75k range, with 753 originations. The second most popular income band? $50k or less, with 695 originations.
Applicant Debt to Income Ratio
Southeast Mortgage Of Georgia lent most frequently to those with DTI ratios of 50-60%, with 379 originations. The next most common DTI ratio? 30-36%, with 377 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.52%
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 origination48.39%
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 |
|---|---|---|---|
| 1055.89 | 1 | $105,000 | $105,000 |
| 1287.51 | 1 | $175,000 | $175,000 |
| 1398.95 | 1 | $215,000 | $215,000 |
| 1408.95 | 1 | $135,000 | $135,000 |
| 1462.95 | 1 | $125,000 | $125,000 |
| 1745.95 | 1 | $235,000 | $235,000 |
| 1839.87 | 1 | $135,000 | $135,000 |
| 1869.95 | 1 | $175,000 | $175,000 |
| 1974.22 | 1 | $195,000 | $195,000 |
| 200.0 | 1 | $95,000 | $95,000 |
| 2021.85 | 1 | $175,000 | $175,000 |
| 2164.5 | 1 | $225,000 | $225,000 |
| 2257.12 | 1 | $85,000 | $85,000 |
| 2369.61 | 1 | $145,000 | $145,000 |
| 2646.95 | 1 | $215,000 | $215,000 |
| 2662.95 | 1 | $95,000 | $95,000 |
| 3046.15 | 1 | $155,000 | $155,000 |
| 3356.81 | 1 | $225,000 | $225,000 |
| 3454.92 | 1 | $195,000 | $195,000 |
| 4270.26 | 1 | $215,000 | $215,000 |
| 4652.5 | 1 | $265,000 | $265,000 |
| 514.32 | 1 | $225,000 | $225,000 |
| 519.05 | 1 | $175,000 | $175,000 |
| 5273.04 | 1 | $345,000 | $345,000 |
| 5508.95 | 1 | $395,000 | $395,000 |
| 645.06 | 1 | $185,000 | $185,000 |
| 75.0 | 1 | $225,000 | $225,000 |
| NA | 2,486 | $542,240,000 | $218,117 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $185,000 | $185,000 |
| Single Family (1-4 Units):Site-Built | 2,512 | $547,190,000 | $217,830 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SOUTHEAST MORTGAGE OF GA INC | FHA mortgage | Closing on a mortgage | 1 | 50.0% |
| SOUTHEAST MORTGAGE OF GA INC | FHA mortgage | Improper use of your report | 1 | 50.0% |