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 Home Purchase and Refi 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Pensacola, Gainesville, Jefferson, and Athens among others. We have data for 68 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% | 12/16/24 |
| 30 Year Conventional Purchase | 7.08% | 12/16/24 |
| 30 Year Conventional Refi | 7.06% | 12/16/24 |
| 30 Year Cash-out Refi | 7.19% | 12/16/24 |
| 30 Year FHA Purchase | 7.63% | 12/16/24 |
| 30 Year FHA Refi | 7.45% | 12/16/24 |
| 30 Year VA Purchase | 6.61% | 12/16/24 |
| 30 Year VA Refi | 6.59% | 12/16/24 |
| 30 Year USDA Purchase | 7.02% | 12/16/24 |
| 15 Year Conventional Purchase | 6.73% | 12/16/24 |
| 15 Year Conventional Refi | 6.61% | 12/16/24 |
| 15 Year Cash-out Refi | 6.61% | 12/16/24 |
| 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
4,184Origination Dollar Volume (All Markets)
$1,067,480,000Awards
SOUTHEAST MORTGAGE OF GEORGIA - 2020
SOUTHEAST MORTGAGE OF GEORGIA is a 2020 , due to their low .
For 2020, 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) | 3,513 | $909,965,000 | $259,028 | $6,763 | 3.19% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 144 | $30,730,000 | $213,403 | $4,664 | 3.23% |
| Outside of Metro Areas | 74 | $18,700,000 | $252,703 | $6,026 | 3.25% |
| GAINESVILLE, GA (FHA|USDA|VA) | 75 | $18,015,000 | $240,200 | $6,042 | 3.15% |
| Jefferson, GA (FHA|USDA|VA) | 45 | $13,035,000 | $289,667 | $6,639 | 3.08% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 46 | $11,370,000 | $247,174 | $6,551 | 3.19% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 35 | $8,075,000 | $230,714 | $4,279 | 3.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 28 | $5,070,000 | $181,071 | $4,949 | 3.40% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 15 | $4,125,000 | $275,000 | $4,772 | 3.47% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 16 | $4,070,000 | $254,375 | $3,758 | 3.24% |
| Alexander City, AL (FHA|USDA|VA) | 16 | $3,470,000 | $216,875 | $3,775 | 2.98% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 7 | $3,385,000 | $483,571 | $7,154 | 3.11% |
| SAVANNAH, GA (FHA|USDA|VA) | 11 | $2,455,000 | $223,182 | $6,056 | 2.98% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 10 | $2,440,000 | $244,000 | $4,883 | 3.23% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 12 | $2,330,000 | $194,167 | $4,325 | 3.22% |
| MONTGOMERY, AL (FHA|USDA|VA) | 10 | $2,300,000 | $230,000 | $3,645 | 3.26% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 8 | $2,040,000 | $255,000 | $5,859 | 3.02% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $1,805,000 | $257,857 | $5,452 | 3.04% |
| Milledgeville, GA (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $6,155 | 3.40% |
| PANAMA CITY, FL (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $5,640 | 3.48% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $5,794 | 3.09% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $6,419 | 3.33% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $6,702 | 3.13% |
| BRUNSWICK, GA (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $5,267 | 3.17% |
| Meridian, MS (FHA|USDA|VA) | 7 | $925,000 | $132,143 | $4,552 | 3.71% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $7,720 | 3.20% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $5,980 | 3.38% |
| JACKSON, MS (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $2,887 | 3.43% |
| MOBILE, AL (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $2,691 | 2.90% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $5,824 | 3.75% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $5,099 | 3.21% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $4,952 | 3.04% |
| ROME, GA (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $6,198 | 2.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,104 | 3.06% |
| Statesboro, GA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $5,162 | 2.63% |
| Calhoun, GA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $4,535 | 3.08% |
| LaGrange, GA-AL (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $5,775 | 3.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $9,054 | 3.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,765 | 3.06% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,370 | 3.94% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,788 | 3.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,455 | 2.88% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,381 | 3.06% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,548 | 3.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,925 | 3.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,339 | 2.88% |
| ALBANY, GA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,495 | 4.19% |
| Starkville, MS (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,692 | 3.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,695 | 3.00% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,525 | 3.00% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,513 | 2.75% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,264 | 2.88% |
| Albertville, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,875 | 2.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,643 | 3.25% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,682 | 2.50% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,478 | 2.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,891 | 2.75% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,671 | 2.75% |
| DALTON, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,963 | 3.75% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,676 | 3.75% |
| Jesup, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,072 | 3.38% |
| Summerville, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,683 | 3.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,413 | 3.25% |
| Dublin, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,889 | 4.13% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,024 | 5.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,473 | 2.50% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,008 | 2.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,206 | 2.50% |
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Product Mix
For 2020, Southeast Mortgage Of Georgia's most frequently originated type of loan was Conventional, with 2,906 originations. Their 2nd most popular type was FHA, with 945 originations.
Loan Reason
For 2020, Southeast Mortgage Of Georgia's most frequently cited loan purpose was Home Purchase, with 2,625 originations. The 2nd most popular reason was Refi, with 1,473 originations.
Loan Duration/Length
For 2020, Southeast Mortgage Of Georgia's most frequently cited loan duration was 30 Year, with 3,713 originations. The 2nd most popular length was 15 Year, with 255 originations.
Origination Fees/Closing Costs
Southeast Mortgage Of Georgia's average total fees were $6,703, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 1,261 originations.
Interest Rates
During 2020, Southeast Mortgage Of Georgia's average interest rate for loans was 3.23%, while their most frequently originated rate bucket for loans was 3-4%, with 2,014 originations.
Loan Sizing
2020 saw Southeast Mortgage Of Georgia place emphasis on $200k-400k loans with 2,328 originations, totaling $646,790,000 in origination value.
Applicant Income
Southeast Mortgage Of Georgia lent most frequently to those with incomes in the $50k-75k range, with 1,149 originations. The second most popular income band? $50k or less, with 814 originations.
Applicant Debt to Income Ratio
Southeast Mortgage Of Georgia lent most frequently to those with DTI ratios of 20-30%, with 817 originations. The next most common DTI ratio? 30-36%, with 686 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.30%
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 origination62.52%
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 | 4,184 | $1,067,480,000 | $255,134 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $240,000 | $120,000 |
| Single Family (1-4 Units):Site-Built | 4,182 | $1,067,240,000 | $255,198 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Stockton Mortgage Corporation | FHA mortgage | Trouble during payment process | 1 | 50.0% |
| Stockton Mortgage Corporation | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |