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, Charlotte, Crestview, and Savannah 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 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% | 4/22/24 |
| 30 Year Conventional Purchase | 7.08% | 4/22/24 |
| 30 Year Conventional Refi | 7.06% | 4/22/24 |
| 30 Year Cash-out Refi | 7.19% | 4/22/24 |
| 30 Year FHA Purchase | 7.63% | 4/22/24 |
| 30 Year FHA Refi | 7.45% | 4/22/24 |
| 30 Year VA Purchase | 6.61% | 4/22/24 |
| 30 Year VA Refi | 6.59% | 4/22/24 |
| 30 Year USDA Purchase | 7.02% | 4/22/24 |
| 15 Year Conventional Purchase | 6.73% | 4/22/24 |
| 15 Year Conventional Refi | 6.61% | 4/22/24 |
| 15 Year Cash-out Refi | 6.61% | 4/22/24 |
| 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
2,886Origination Dollar Volume (All Markets)
$673,620,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2,247 | $541,165,000 | $240,839 | $6,642 | 4.34% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 95 | $17,535,000 | $184,579 | $4,538 | 4.39% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 53 | $11,985,000 | $226,132 | $4,905 | 4.51% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 32 | $9,940,000 | $310,625 | $6,909 | 4.63% |
| SAVANNAH, GA (FHA|USDA|VA) | 50 | $9,820,000 | $196,400 | $5,116 | 4.51% |
| GAINESVILLE, GA (FHA|USDA|VA) | 39 | $9,175,000 | $235,256 | $6,824 | 4.30% |
| Outside of Metro Areas | 44 | $8,790,000 | $199,773 | $5,650 | 4.30% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 38 | $8,510,000 | $223,947 | $4,598 | 4.34% |
| PANAMA CITY, FL (FHA|USDA|VA) | 29 | $6,245,000 | $215,345 | $6,355 | 4.92% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 31 | $5,545,000 | $178,871 | $4,463 | 5.35% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 20 | $4,710,000 | $235,500 | $5,507 | 4.49% |
| Jefferson, GA (FHA|USDA|VA) | 18 | $4,530,000 | $251,667 | $6,225 | 4.42% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 19 | $3,995,000 | $210,263 | $5,234 | 4.54% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 21 | $3,695,000 | $175,952 | $5,798 | 4.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 12 | $2,760,000 | $230,000 | $6,280 | 4.55% |
| Thomaston, GA (FHA|USDA|VA) | 14 | $2,130,000 | $152,143 | $4,276 | 4.10% |
| Alexander City, AL (FHA|USDA|VA) | 9 | $2,095,000 | $232,778 | $4,152 | 3.92% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 11 | $1,905,000 | $173,182 | $5,282 | 4.64% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 9 | $1,625,000 | $180,556 | $4,769 | 5.15% |
| MOBILE, AL (FHA|USDA|VA) | 9 | $1,485,000 | $165,000 | $3,989 | 4.72% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $9,683 | 4.06% |
| JACKSON, MS (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $7,428 | 4.84% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $6,239 | 4.16% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 6 | $880,000 | $146,667 | $5,245 | 4.38% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $6,122 | 4.54% |
| MONTGOMERY, AL (FHA|USDA|VA) | 6 | $820,000 | $136,667 | $3,512 | 4.48% |
| HINESVILLE, GA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $7,658 | 4.08% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $6,615 | 4.17% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $4,392 | 4.44% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,741 | 4.19% |
| Calhoun, GA (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $4,448 | 4.06% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,613 | 4.00% |
| Meridian, MS (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $5,139 | 4.29% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $5,808 | 4.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $6,630 | 3.56% |
| Cedartown, GA (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $4,241 | 5.72% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,035 | 4.88% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,711 | 4.88% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,255 | 3.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $12,102 | 3.63% |
| Statesboro, GA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,447 | 3.81% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $1,972 | 4.31% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,721 | 4.00% |
| Cordele, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,950 | 3.63% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,592 | 4.38% |
| Atmore, AL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,135 | 4.56% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,445 | 4.38% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,310 | 4.25% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,070 | 3.88% |
| Shelby, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,789 | 5.13% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,173 | 4.63% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,382 | 4.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,175 | 4.38% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,723 | 4.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,769 | 3.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,931 | 5.00% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,075 | 4.38% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,338 | 4.50% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,763 | 4.50% |
| ROME, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,977 | 4.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,097 | 4.75% |
| Albertville, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,713 | 6.38% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,401 | 5.63% |
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 2019, Southeast Mortgage Of Georgia's most frequently originated type of loan was Conventional, with 1,523 originations. Their 2nd most popular type was FHA, with 1,008 originations.
Loan Reason
For 2019, Southeast Mortgage Of Georgia's most frequently cited loan purpose was Home Purchase, with 2,534 originations. The 2nd most popular reason was Refi, with 282 originations.
Loan Duration/Length
For 2019, Southeast Mortgage Of Georgia's most frequently cited loan duration was 30 Year, with 2,676 originations. The 2nd most popular length was 15 Year, with 95 originations.
Origination Fees/Closing Costs
Southeast Mortgage Of Georgia's average total fees were $6,458, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 747 originations.
Interest Rates
During 2019, Southeast Mortgage Of Georgia's average interest rate for loans was 4.40%, while their most frequently originated rate bucket for loans was 4-5%, with 1,462 originations.
Loan Sizing
2019 saw Southeast Mortgage Of Georgia place emphasis on $200k-400k loans with 1,494 originations, totaling $403,320,000 in origination value.
Applicant Income
Southeast Mortgage Of Georgia lent most frequently to those with incomes in the $50k-75k range, with 874 originations. The second most popular income band? $50k or less, with 693 originations.
Applicant Debt to Income Ratio
Southeast Mortgage Of Georgia lent most frequently to those with DTI ratios of 30-36%, with 433 originations. The next most common DTI ratio? 50-60%, with 432 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.85%
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 origination61.37%
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 | 2,886 | $673,620,000 | $233,410 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 5 | $645,000 | $129,000 |
| Single Family (1-4 Units):Site-Built | 2,881 | $672,975,000 | $233,591 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Southwest Stage Funding | Other type of mortgage | Trouble during payment process | 2 | 20.0% |
| Southwest Stage Funding | Conventional home mortgage | Trouble during payment process | 4 | 40.0% |
| Southwest Stage Funding | Conventional home mortgage | Struggling to pay mortgage | 1 | 10.0% |
| Southwest Stage Funding | FHA mortgage | Closing on a mortgage | 1 | 10.0% |
| Southwest Stage Funding | Other type of mortgage | Closing on a mortgage | 1 | 10.0% |
| Southwest Stage Funding | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 10.0% |