Southwest Georgia Farm Credit Aca Mortgage Rates, Fees & Info

Bainbridge, GA

LEI: 549300T5KQIIF8IN8E26

Tax ID: 58-1932698

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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: Thomasville, Albany, Bainbridge, Americus, and Brunswick among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Southwest Georgia Farm Credit Aca has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar 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.

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    Originations

    22

    Origination Dollar Volume (All Markets)

    $4,390,000

    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 12 $2,060,000 $171,667 $3,062 5.45%
    Thomasville, GA (FHA|USDA|VA) 3 $745,000 $248,333 $4,885 5.44%
    ALBANY, GA (FHA|USDA|VA) 3 $725,000 $241,667 $3,355 5.20%
    Bainbridge, GA (FHA|USDA|VA) 1 $305,000 $305,000 $4,969 5.82%
    Americus, GA (FHA|USDA|VA) 1 $235,000 $235,000 $4,223 5.85%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $165,000 $165,000 $5,301 5.43%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $155,000 $155,000 $3,645 5.12%
    Southwest Georgia Farm Credit Aca's top markets include Thomasville, Albany, Bainbridge, Americus, and Brunswick among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 22 $4,390,000 $199,545 $3,618 5.44%

    For 2018, Southwest Georgia Farm Credit Aca's most frequently originated type of loan was Conventional, with 22 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 15 $2,915,000 $194,333 $3,193 5.44%
    Home Purchase 6 $1,230,000 $205,000 $4,444 5.51%
    Cash Out Refi 1 $245,000 $245,000 $5,030 4.87%

    For 2018, Southwest Georgia Farm Credit Aca's most frequently cited loan purpose was Refi, with 15 originations. The 2nd most popular reason was Home Purchase, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 13 $2,925,000 $225,000 $3,909 5.40%
    15 Year 5 $925,000 $185,000 $3,471 4.96%
    20 Year 2 $230,000 $115,000 $2,999 5.93%
    Other 2 $310,000 $155,000 $2,715 6.35%

    For 2018, Southwest Georgia Farm Credit Aca's most frequently cited loan duration was 30 Year, with 13 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 11 $1,725,000 $156,818
    $2k-3k 7 $1,845,000 $263,571
    $<1k 4 $820,000 $205,000

    Southwest Georgia Farm Credit Aca's average total fees were $3,909, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 11 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 12 $2,540,000 $211,667
    4-5% 6 $1,280,000 $213,333
    6-7% 4 $570,000 $142,500

    During 2018, Southwest Georgia Farm Credit Aca's average interest rate for loans was 5.40%, while their most frequently originated rate bucket for loans was 5-6%, with 12 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 10 $2,730,000 $273,000 $3,993 5.25%
    $100k-200k 9 $1,455,000 $161,667 $3,631 5.33%
    $100,000 or less 3 $205,000 $68,333 $2,332 6.35%

    2018 saw Southwest Georgia Farm Credit Aca place emphasis on $200k-400k loans with 10 originations, totaling $2,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 12 $2,680,000 $223,333 $4,170 5.32%
    $100k-150k 4 $970,000 $242,500 $4,198 5.10%
    $150k-250k 2 $300,000 $150,000 $1,574 6.50%
    $250k+ 2 $180,000 $90,000 $2,131 5.35%
    $50k-75k 1 $75,000 $75,000 $1,206 6.85%
    $75k-100k 1 $185,000 $185,000 $4,149 4.80%

    Southwest Georgia Farm Credit Aca lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $100k-150k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 5 $1,035,000 $207,000 $4,339 5.21%
    <20% 4 $760,000 $190,000 $3,980 5.24%
    30-36% 4 $810,000 $202,500 $4,263 5.40%
    37% 2 $200,000 $100,000 $1,413 6.15%
    39% 2 $430,000 $215,000 $1,647 5.43%
    38% 1 $305,000 $305,000 $4,969 5.82%
    >60% 1 $75,000 $75,000 $3,148 6.95%
    41% 1 $395,000 $395,000 $2,550 5.25%
    36% 1 $325,000 $325,000 $5,498 4.53%

    Southwest Georgia Farm Credit Aca lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? <20%, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 21 $4,115,000 $195,952 $3,558 5.45%
    Not provided 1 $275,000 $275,000 $4,874 5.10%

    Approval Rates

    Total approvals of all applications
    72.50%

    Southwest Georgia Farm Credit Aca has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    68.18%

    Southwest Georgia Farm Credit Aca 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 22 $4,390,000 $199,545

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $125,000 $125,000
    Single Family (1-4 Units):Site-Built 21 $4,265,000 $203,095

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $275,000 $91,667 $1,991 6.42%
    60-80% 11 $2,665,000 $242,273 $4,231 5.26%
    80-100% 8 $1,450,000 $181,250 $3,385 5.31%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    SOUTHWEST FUNDING, LP Conventional home mortgage Closing on a mortgage 1 100.0%