Southwest Georgia Farm Credit Aca Mortgage Rates, Fees & Info
Bainbridge, GALEI: 549300T5KQIIF8IN8E26
Tax ID: 58-1932698
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Southwest Georgia Farm Credit Aca is a smaller mortgage company specializing in Refi and Home Purchase loans. Southwest Georgia Farm Credit Aca has a high proportion of conventional loans. Their top markets by origination volume include: Decatur, Thomasville, Columbus, Pensacola, and Americus among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Southwest Georgia Farm Credit Aca has an above average approval rate when compared to the average across all lenders. Southwest Georgia Farm Credit Aca is typically a low 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 relatively high 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.
Originations
10Origination Dollar Volume (All Markets)
$3,540,000Relative Rate
Southwest Georgia Farm Credit Aca's average 30 year fixed mortgage rate was
7.99%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.51%.
Relative Fees (Closing Costs)
Southwest Georgia Farm Credit Aca's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,855.
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 $9,089.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 4 | $920,000 | $230,000 | $3,203 | 7.87% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $7,712 | 8.51% |
| Thomasville, GA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $3,070 | 7.85% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $7,196 | 7.95% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $7,209 | 8.46% |
| Americus, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,536 | 8.73% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 10 | $3,540,000 | $354,000 | $4,260 | 8.08% |
For 2023, Southwest Georgia Farm Credit Aca's most frequently originated type of loan was Conventional, with 10 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 7 | $2,125,000 | $303,571 | $3,735 | 7.88% |
| Home Purchase | 3 | $1,415,000 | $471,667 | $5,486 | 8.57% |
For 2023, Southwest Georgia Farm Credit Aca's most frequently cited loan purpose was Refi, with 7 originations. The 2nd most popular reason was Home Purchase, with 3 originations.
Loan Duration/Length
For 2023, Southwest Georgia Farm Credit Aca's most frequently cited loan duration was 30 Year, with 5 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
Southwest Georgia Farm Credit Aca's average total fees were $3,855, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 5 | $1,375,000 | $275,000 |
| Over 8% | 5 | $2,165,000 | $433,000 |
During 2023, Southwest Georgia Farm Credit Aca's average interest rate for loans was 7.99%, while their most frequently originated rate bucket for loans was 7-8%, with 5 originations.
Loan Sizing
2023 saw Southwest Georgia Farm Credit Aca place emphasis on $100k-200k loans with 3 originations, totaling $485,000 in origination value.
Applicant Income
Southwest Georgia Farm Credit Aca lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $100k-150k, with 1 originations.
Applicant Debt to Income Ratio
Southwest Georgia Farm Credit Aca lent most frequently to those with DTI ratios of <20%, with 4 originations. The next most common DTI ratio? 38%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 7 | $2,425,000 | $346,429 | $4,293 | 8.01% |
| Not provided | 3 | $1,115,000 | $371,667 | $4,184 | 8.26% |
Approval Rates
Total approvals of all applications90.91%
Southwest Georgia Farm Credit Aca has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 10 | $3,540,000 | $354,000 |