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, Valdosta, Albany, Bainbridge, 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 a below 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 about average rates.

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    Originations

    23

    Origination Dollar Volume (All Markets)

    $5,935,000

    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 10 $2,530,000 $253,000 $4,187 4.46%
    Thomasville, GA (FHA|USDA|VA) 2 $900,000 $450,000 $6,771 4.03%
    VALDOSTA, GA (FHA|USDA|VA) 2 $720,000 $360,000 $5,109 4.07%
    ALBANY, GA (FHA|USDA|VA) 3 $695,000 $231,667 $3,367 4.43%
    Bainbridge, GA (FHA|USDA|VA) 5 $685,000 $137,000 $1,755 4.12%
    Americus, GA (FHA|USDA|VA) 1 $405,000 $405,000 $100 4.45%
    Southwest Georgia Farm Credit Aca's top markets include Thomasville, Valdosta, Albany, Bainbridge, and Americus among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 23 $5,935,000 $258,043 $3,679 4.31%

    For 2020, Southwest Georgia Farm Credit Aca's most frequently originated type of loan was Conventional, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 14 $3,310,000 $236,429 $2,494 4.23%
    Home Purchase 8 $2,170,000 $271,250 $5,191 4.32%
    Cash Out Refi 1 $455,000 $455,000 $8,173 5.32%

    For 2020, Southwest Georgia Farm Credit Aca's most frequently cited loan purpose was Refi, with 14 originations. The 2nd most popular reason was Home Purchase, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 8 $2,340,000 $292,500 $3,952 4.24%
    30 Year 8 $2,150,000 $268,750 $3,948 4.60%
    15 Year 3 $515,000 $171,667 $3,203 3.33%
    1 Year 1 $105,000 $105,000 $960 5.00%
    10 Year 1 $55,000 $55,000 $2,300 4.00%
    Other 1 $55,000 $55,000 $0 4.35%
    5 Year 1 $715,000 $715,000 $8,543 5.00%

    For 2020, Southwest Georgia Farm Credit Aca's most frequently cited loan duration was 20 Year, with 8 originations. The 2nd most popular length was 30 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 7 $1,485,000 $212,143
    $2k-3k 7 $1,395,000 $199,286
    $1k-2k 4 $1,030,000 $257,500
    $3k-4k 3 $855,000 $285,000
    $4k-5k 2 $1,170,000 $585,000

    Southwest Georgia Farm Credit Aca's average total fees were $3,948, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 7 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 10 $3,030,000 $303,000
    3-4% 9 $1,785,000 $198,333
    5-6% 4 $1,120,000 $280,000

    During 2020, Southwest Georgia Farm Credit Aca's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 10 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 8 $1,270,000 $158,750 $3,203 4.01%
    $200k-400k 8 $2,050,000 $256,250 $4,368 4.41%
    $400k-600k 4 $1,790,000 $447,500 $3,301 4.60%
    $100,000 or less 2 $110,000 $55,000 $1,150 4.18%
    $600k-1MM 1 $715,000 $715,000 $8,543 5.00%

    2020 saw Southwest Georgia Farm Credit Aca place emphasis on $100k-200k loans with 8 originations, totaling $1,270,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 7 $1,845,000 $263,571 $3,132 4.32%
    $150k-250k 5 $1,755,000 $351,000 $4,833 4.20%
    $50k or less 4 $1,280,000 $320,000 $3,099 4.55%
    $100k-150k 3 $265,000 $88,333 $2,393 3.90%
    $75k-100k 3 $595,000 $198,333 $4,552 4.76%
    $50k-75k 1 $195,000 $195,000 $5,289 3.63%

    Southwest Georgia Farm Credit Aca lent most frequently to those with incomes in the $250k+ range, with 7 originations. The second most popular income band? $150k-250k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 6 $1,610,000 $268,333 $3,489 3.96%
    30-36% 5 $1,335,000 $267,000 $3,552 4.56%
    50-60% 2 $650,000 $325,000 $2,822 4.55%
    <20% 2 $410,000 $205,000 $5,363 4.36%
    38% 2 $400,000 $200,000 $2,644 3.94%
    37% 1 $715,000 $715,000 $8,543 5.00%
    42% 1 $55,000 $55,000 $0 4.35%

    Southwest Georgia Farm Credit Aca lent most frequently to those with DTI ratios of 20-30%, with 6 originations. The next most common DTI ratio? 30-36%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 16 $4,010,000 $250,625 $3,173 4.39%
    Not provided 6 $1,400,000 $233,333 $4,820 4.06%
    American Indian 1 $525,000 $525,000 $4,929 4.50%

    Approval Rates

    Total approvals of all applications
    51.92%

    Southwest Georgia Farm Credit Aca has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    82.61%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 23 $5,935,000 $258,043

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 22 $5,880,000 $267,273

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $105,000 $105,000 $960 5.00%
    40-60% 6 $1,150,000 $191,667 $1,981 3.84%
    60-80% 13 $4,265,000 $328,077 $4,815 4.48%
    80-100% 2 $360,000 $180,000 $4,585 4.26%
    Under 20% 1 $55,000 $55,000 $0 4.35%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    SOUTHWEST FUNDING, LP VA mortgage Closing on a mortgage 1 20.0%
    SOUTHWEST FUNDING, LP FHA mortgage Closing on a mortgage 3 60.0%
    SOUTHWEST FUNDING, LP FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%