Georgia United Mortgage Rates, Fees & Info

Duluth, GA

LEI: 549300TE5E6DWAI74K71

Tax ID: 58-0800932

5 stars

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

Review & Overview

Georgia United is a smaller mortgage company specializing in Other and Home Purchase loans. Georgia United has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Dalton, Athens, Gainesville, and Chattanooga among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)

Georgia United 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. Georgia United 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.

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.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.74%	3/28/23
30 Year Conventional Refi	6.57%	3/28/23
30 Year Cash-out Refi	6.76%	3/28/23
30 Year FHA Purchase	6.27%	3/28/23
30 Year VA Purchase	6.27%	3/28/23
30 Year VA Refi	6.27%	3/28/23
15 Year Conventional Purchase	6.00%	3/28/23
15 Year Conventional Refi	6.03%	3/28/23
15 Year Cash-out Refi	6.03%	3/28/23
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.

Originations

1,532

Origination Dollar Volume (All Markets)

$201,860,000

Relative Rate

Georgia United's average 30 year fixed mortgage rate was 4.88%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.12%.

Relative Fees (Closing Costs)

Georgia United's average total fees/closing costs for a 30 year fixed rate mortgage were $5,119.

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 $4,750.

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)	1,130	$148,940,000	$131,805	$4,942	4.70%
DALTON, GA (FHA\|USDA\|VA)	127	$15,535,000	$122,323	$3,960	4.57%
ATHENS-CLARKE COUNTY, GA (FHA\|USDA\|VA)	105	$11,955,000	$113,857	$4,494	4.53%
GAINESVILLE, GA (FHA\|USDA\|VA)	33	$6,185,000	$187,424	$7,476	4.46%
Outside of Metro Areas	29	$4,275,000	$147,414	$4,545	4.47%
CHATTANOOGA, TN-GA (FHA\|USDA\|VA)	20	$2,200,000	$110,000	$3,952	4.81%
Jefferson, GA (FHA\|USDA\|VA)	18	$1,900,000	$105,556	$4,749	4.15%
Calhoun, GA (FHA\|USDA\|VA)	13	$1,605,000	$123,462	$4,430	4.36%
SAVANNAH, GA (FHA\|USDA\|VA)	6	$1,150,000	$191,667	$5,392	5.33%
Dublin, GA (FHA\|USDA\|VA)	11	$1,075,000	$97,727	$3,127	4.65%
ROME, GA (FHA\|USDA\|VA)	3	$745,000	$248,333	$4,182	5.00%
MACON-BIBB COUNTY, GA (FHA\|USDA\|VA)	4	$720,000	$180,000	$8,749	3.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA\|USDA\|VA)	3	$695,000	$231,667	$8,314	5.33%
BRUNSWICK, GA (FHA\|USDA\|VA)	2	$410,000	$205,000	$0	4.44%
WARNER ROBINS, GA (FHA\|USDA\|VA)	3	$385,000	$128,333	$3,480	5.33%
JACKSONVILLE, FL (FHA\|USDA\|VA)	1	$295,000	$295,000	$5,153	3.50%
Cornelia, GA (FHA\|USDA\|VA)	2	$280,000	$140,000	$0	3.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	1	$275,000	$275,000	$0	6.13%
Thomasville, GA (FHA\|USDA\|VA)	2	$270,000	$135,000	$0	5.19%
Statesboro, GA (FHA\|USDA\|VA)	1	$255,000	$255,000	$5,473	5.88%
Milledgeville, GA (FHA\|USDA\|VA)	1	$255,000	$255,000	$9,110	7.75%
GREENSBORO-HIGH POINT, NC (FHA\|USDA\|VA)	1	$245,000	$245,000	$3,050	3.75%
Douglas, GA (FHA\|USDA\|VA)	1	$235,000	$235,000	$5,408	4.75%
VALDOSTA, GA (FHA\|USDA\|VA)	1	$235,000	$235,000	$8,081	6.13%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	1	$225,000	$225,000	$4,471	5.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	1	$205,000	$205,000	$3,452	6.00%
Summerville, GA (FHA\|USDA\|VA)	1	$205,000	$205,000	$5,200	5.50%
SPARTANBURG, SC (FHA\|USDA\|VA)	1	$195,000	$195,000	$5,480	6.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	1	$165,000	$165,000	$3,004	4.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	5.13%
COLUMBUS, GA-AL (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	7.25%
Dayton, TN (FHA\|USDA\|VA)	1	$125,000	$125,000	$7,589	6.88%
ALBANY, GA (FHA\|USDA\|VA)	2	$120,000	$60,000	$2,633	6.06%
Waycross, GA (FHA\|USDA\|VA)	1	$95,000	$95,000	$2,991	2.88%
LaGrange, GA-AL (FHA\|USDA\|VA)	1	$35,000	$35,000	$2,532	5.00%
Vidalia, GA (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	4.13%
Americus, GA (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	6.13%

Georgia United's top markets include Atlanta, Dalton, Athens, Gainesville, and Chattanooga among others.

Their top states include:

Georgia (FHA|USDA|VA)

Florida (FHA|USDA|VA)

South Carolina (FHA|USDA|VA)

North Carolina (FHA|USDA|VA)

Alabama (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against GEORGIA UNITED based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

First Citizens National Bank
Similarity Rank: 490

Credence Funding Corporation
Similarity Rank: 553

Citizens Tri-County Bank
Similarity Rank: 924

UNITED SECURITY FINANCIAL CORP
Similarity Rank: 1053

AMERICAN HOME MORTGAGE, INC.
Similarity Rank: 1131

Independent Bank
Similarity Rank: 1292

LGE COMMUNITY
Similarity Rank: 1595

Aurora Financial, LLC
Similarity Rank: 1612

Legends Bank
Similarity Rank: 1870

POWERCO
Similarity Rank: 1968

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
HELOC	1,098	$111,310,000	$101,375	n/a	4.71%
Conventional	434	$90,550,000	$208,641	$4,723	4.57%

For 2022, Georgia United's most frequently originated type of loan was HELOC, with 1,098 originations. Their 2nd most popular type was Conventional, with 434 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Other	1,098	$111,310,000	$101,375	$0	4.71%
Home Purchase	188	$49,870,000	$265,266	$5,296	5.09%
Cash Out Refi	175	$29,505,000	$168,600	$4,374	4.35%
Refi	71	$11,175,000	$157,394	$4,031	3.75%

For 2022, Georgia United's most frequently cited loan purpose was Other, with 1,098 originations. The 2nd most popular reason was Home Purchase, with 188 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	1,099	$111,445,000	$101,406	$3,500	4.71%
30 Year	312	$74,050,000	$237,340	$5,119	4.88%
15 Year	76	$10,590,000	$139,342	$3,875	3.58%
20 Year	26	$4,230,000	$162,692	$4,037	4.69%
10 Year	19	$1,545,000	$81,316	$2,937	3.36%

For 2022, Georgia United's most frequently cited loan duration was Other, with 1,099 originations. The 2nd most popular length was 30 Year, with 312 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	166	$24,910,000	$150,060
$2k-3k	106	$25,620,000	$241,698
$<1k	47	$4,555,000	$96,915
$3k-4k	38	$11,210,000	$295,000
$5k+	32	$13,500,000	$421,875
$4k-5k	20	$7,320,000	$366,000

Georgia United's average total fees were $5,119, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 166 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	572	$74,070,000	$129,493
4-5%	328	$41,090,000	$125,274
5-6%	316	$44,460,000	$140,696
6-7%	222	$30,660,000	$138,108
7-8%	45	$5,275,000	$117,222
2.5-3%	32	$4,330,000	$135,313
<2.5%	17	$1,975,000	$116,176

During 2022, Georgia United's average interest rate for loans was 4.88%, while their most frequently originated rate bucket for loans was 3-4%, with 572 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	733	$41,875,000	$57,128	$2,979	4.70%
$100k-200k	486	$67,120,000	$138,107	$3,912	4.57%
$200k-400k	271	$70,745,000	$261,052	$5,674	4.77%
$400k-600k	35	$16,135,000	$461,000	$7,439	4.77%
$600k-1MM	6	$4,500,000	$750,000	$9,326	5.02%
$1MM+	1	$1,485,000	$1,485,000	$18,577	6.38%

2022 saw Georgia United place emphasis on $100,000 or less loans with 733 originations, totaling $41,875,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	394	$53,730,000	$136,371	$5,887	4.75%
$50k-75k	325	$33,245,000	$102,292	$4,110	4.61%
$75k-100k	275	$33,865,000	$123,145	$4,990	4.77%
$150k-250k	245	$40,165,000	$163,939	$6,032	4.61%
$50k or less	203	$18,045,000	$88,892	$3,542	4.57%
$250k+	90	$22,810,000	$253,444	$7,773	4.66%

Georgia United lent most frequently to those with incomes in the $100k-150k range, with 394 originations. The second most popular income band? $50k-75k, with 325 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	262	$33,890,000	$129,351	$4,354	4.43%
30-36%	260	$37,850,000	$145,577	$4,635	4.64%
49%	174	$19,300,000	$110,920	$5,133	4.86%
38%	71	$9,325,000	$131,338	$4,524	4.57%
48%	71	$8,975,000	$126,408	$5,055	4.96%
44%	69	$9,575,000	$138,768	$4,594	4.82%
47%	69	$9,065,000	$131,377	$6,189	5.02%
<20%	69	$7,865,000	$113,986	$3,540	4.16%
46%	68	$7,870,000	$115,735	$4,688	4.74%
43%	64	$8,730,000	$136,406	$5,491	4.72%
41%	62	$9,570,000	$154,355	$5,431	4.62%
40%	56	$8,770,000	$156,607	$4,712	4.72%
39%	53	$6,555,000	$123,679	$4,680	4.95%
42%	51	$7,585,000	$148,725	$6,106	4.76%
45%	42	$5,170,000	$123,095	$6,366	4.68%
37%	38	$5,230,000	$137,632	$4,402	4.52%
36%	31	$3,475,000	$112,097	$4,794	4.70%
>60%	16	$2,520,000	$157,500	$2,381	4.69%
50-60%	6	$540,000	$90,000	$0	5.42%

Georgia United lent most frequently to those with DTI ratios of 20-30%, with 262 originations. The next most common DTI ratio? 30-36%, with 260 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	892	$121,280,000	$135,964	$4,680	4.62%
Black	393	$45,705,000	$116,298	$4,730	4.83%
Not provided	175	$23,715,000	$135,514	$4,862	4.70%
Asian	51	$8,505,000	$166,765	$6,244	4.57%
American Indian	15	$1,875,000	$125,000	$4,375	4.28%
Asian Indian	2	$300,000	$150,000	$4,131	3.69%
Other Pacific Islander	1	$195,000	$195,000	$3,950	4.38%
Other Asian	2	$190,000	$95,000	$2,789	3.75%
Native Hawaiian or Islander	1	$95,000	$95,000	$0	4.13%

Approval Rates

Total approvals of all applications
76.61%

Georgia United has a below average approval rate.

Pick Rate

Approvals leading to origination
75.33%

Georgia United has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	1,532	$201,860,000	$131,762

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	1,532	$201,860,000	$131,762

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	478	$60,380,000	$126,318	$3,353	4.74%
40-60%	189	$30,995,000	$163,995	$3,945	4.28%
60-80%	144	$31,370,000	$217,847	$5,084	4.53%
80-100%	143	$42,385,000	$296,399	$5,642	4.97%
Under 20%	578	$36,730,000	$63,547	$2,780	4.70%