Georgia United Mortgage Rates, Fees & Info
Duluth, GALEI: 549300TE5E6DWAI74K71
Tax ID: 58-0800932
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Georgia United is a smaller mortgage company specializing in Other, Refi, Cash Out Refi, and Home Purchase loans. Georgia United has a high proportion of conventional loans. Their top markets include Atlanta, Dalton, Athens, Gainesville, and Jefferson among others. Georgia United has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Georgia United is typically an average fee lendor.Originations
1,585Origination Dollar Volume (All Markets)
$244,745,000Relative Rate
Georgia United's average 30 year fixed rate mortgage of loans were
3.16%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.01%.
Relative Fees
Georgia United's average total fees for a 30 year fixed rate
mortgage are $4,441.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1,117 | $176,545,000 | $158,053 | $4,254 | 3.15% |
| DALTON, GA (FHA|USDA|VA) | 184 | $22,240,000 | $120,870 | $3,457 | 2.90% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 116 | $18,140,000 | $156,379 | $4,293 | 3.12% |
| GAINESVILLE, GA (FHA|USDA|VA) | 21 | $4,105,000 | $195,476 | $4,494 | 3.13% |
| Outside of Metro Areas | 29 | $3,735,000 | $128,793 | $3,635 | 3.02% |
| Jefferson, GA (FHA|USDA|VA) | 16 | $2,750,000 | $171,875 | $4,666 | 3.22% |
| BRUNSWICK, GA (FHA|USDA|VA) | 5 | $2,725,000 | $545,000 | $9,860 | 3.10% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 20 | $2,380,000 | $119,000 | $3,851 | 3.00% |
| Dublin, GA (FHA|USDA|VA) | 23 | $2,245,000 | $97,609 | $3,223 | 3.10% |
| Calhoun, GA (FHA|USDA|VA) | 7 | $1,155,000 | $165,000 | $4,027 | 3.21% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $5,745 | 2.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $4,400 | 3.25% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $7,518 | 3.38% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $3,485 | 4.04% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $5,344 | 3.38% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $9,266 | 3.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,775 | 3.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,937 | 3.50% |
| Americus, GA (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $3,005 | 3.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,892 | 3.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,806 | 3.13% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,230 | 3.25% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,354 | 2.63% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,139 | 3.25% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,695 | 3.25% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,126 | 3.50% |
| LaGrange, GA-AL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,177 | 2.44% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,630 | 2.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,249 | 3.13% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,191 | 3.38% |
| ROME, GA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $3,465 | 3.38% |
| Seneca, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,160 | 2.88% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $3,011 | 3.42% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,789 | 2.88% |
| Vidalia, GA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $2,791 | 2.31% |
| Douglas, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,214 | 2.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,661 | 2.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,224 | 2.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.13% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,017 | 2.25% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.13% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.63% |
Georgia United's top markets include Atlanta, Dalton, Athens, Gainesville, and Jefferson among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,585 | $244,745,000 | $154,413 | $4,105 | 3.11% |
For the 2021 period, Georgia United's most frequently originated loan type of loans were Conventional, with 1,585 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 594 | $53,650,000 | $90,320 | $2,954 | 3.42% |
| Refi | 378 | $60,430,000 | $159,868 | $3,703 | 2.73% |
| Cash Out Refi | 304 | $55,180,000 | $181,513 | $4,175 | 2.99% |
| Home Purchase | 263 | $70,525,000 | $268,156 | $4,572 | 3.08% |
| Home Improvement | 46 | $4,960,000 | $107,826 | $10,201 | 3.33% |
For the 2021, Georgia United's most frequently cited loan purpose of loans were Other, with 594 originations. The 2nd most popular reason of loans were Refi, with 378 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 638 | $57,700,000 | $90,439 | $2,448 | 3.41% |
| 30 Year | 557 | $129,145,000 | $231,858 | $4,441 | 3.16% |
| 15 Year | 253 | $36,915,000 | $145,909 | $3,569 | 2.47% |
| 20 Year | 85 | $15,125,000 | $177,941 | $4,142 | 2.92% |
| 10 Year | 52 | $5,860,000 | $112,692 | $3,064 | 2.33% |
For the 2021, Georgia United's most frequently cited loan length of loans were Other, with 638 originations. The 2nd most popular length of loans were 30 Year, with 557 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 459 | $72,545,000 | $158,050 |
| $2k-3k | 204 | $48,590,000 | $238,186 |
| $<1k | 119 | $11,145,000 | $93,655 |
| $3k-4k | 107 | $35,785,000 | $334,439 |
| $5k+ | 27 | $15,645,000 | $579,444 |
$4,441 of loans were Georgia United's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 459 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 954 | $133,530,000 | $139,969 |
| 2.5-3% | 356 | $73,190,000 | $205,590 |
| <2.5% | 251 | $34,905,000 | $139,064 |
| 4-5% | 23 | $2,995,000 | $130,217 |
| 5-6% | 1 | $125,000 | $125,000 |
During 2021, Georgia United's average interest rate of loans were 3.16%, while their most frequently originated rate bucket of loans were 3-4%, with 954 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 597 | $35,195,000 | $58,953 | $2,833 | 3.19% |
| $100k-200k | 588 | $83,490,000 | $141,990 | $3,600 | 3.04% |
| $200k-400k | 332 | $88,660,000 | $267,048 | $4,797 | 3.10% |
| $400k-600k | 51 | $24,045,000 | $471,471 | $6,750 | 3.04% |
| $600k-1MM | 15 | $10,835,000 | $722,333 | $9,779 | 3.16% |
| $1MM+ | 2 | $2,520,000 | $1,260,000 | $13,811 | 3.25% |
2021 saw Georgia United place emphasis on $100,000 or less loans with 597 originations, totaling $35,195,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 348 | $45,350,000 | $130,316 | $3,724 | 3.06% |
| $100k-150k | 334 | $56,190,000 | $168,234 | $4,516 | 3.16% |
| $75k-100k | 310 | $46,190,000 | $149,000 | $3,997 | 3.08% |
| $50k or less | 272 | $27,120,000 | $99,706 | $3,257 | 3.02% |
| $150k-250k | 235 | $42,645,000 | $181,468 | $5,385 | 3.24% |
| $250k+ | 83 | $26,245,000 | $316,205 | $7,984 | 3.25% |
Georgia United lent most frequently to those with incomes in the $50k-75k range, with 348 originations. The second most popular income band? $100k-150k, with 334 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 365 | $57,865,000 | $158,534 | $4,038 | 3.02% |
| 30-36% | 301 | $46,935,000 | $155,930 | $4,111 | 3.10% |
| <20% | 136 | $19,240,000 | $141,471 | $3,607 | 2.86% |
| 49% | 89 | $9,365,000 | $105,225 | $4,125 | 3.38% |
| 42% | 64 | $11,900,000 | $185,938 | $4,425 | 3.20% |
| 48% | 63 | $8,005,000 | $127,063 | $4,035 | 3.31% |
| 41% | 58 | $10,700,000 | $184,483 | $4,430 | 3.22% |
| 38% | 56 | $8,720,000 | $155,714 | $4,300 | 3.09% |
| 39% | 56 | $10,150,000 | $181,250 | $4,401 | 3.20% |
| 44% | 56 | $8,160,000 | $145,714 | $4,221 | 3.15% |
| 43% | 53 | $8,945,000 | $168,774 | $4,054 | 3.16% |
| 47% | 51 | $5,335,000 | $104,608 | $4,251 | 3.28% |
| 46% | 50 | $6,420,000 | $128,400 | $3,931 | 3.22% |
| 36% | 50 | $8,880,000 | $177,600 | $4,110 | 3.03% |
| 45% | 46 | $6,890,000 | $149,783 | $4,343 | 3.08% |
| 37% | 44 | $8,440,000 | $191,818 | $4,503 | 3.16% |
| 40% | 43 | $7,705,000 | $179,186 | $4,361 | 3.25% |
| 50-60% | 1 | $85,000 | $85,000 | $0 | 3.13% |
Georgia United lent most frequently to those with DTI ratios of 20-30%, with 365 originations. The next most common DTI ratio? 30-36%, with 301 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 871 | $137,025,000 | $157,319 | $4,158 | 3.11% |
| Not provided | 318 | $47,980,000 | $150,881 | $3,998 | 3.09% |
| Black | 326 | $45,960,000 | $140,982 | $3,935 | 3.15% |
| Asian | 38 | $7,100,000 | $186,842 | $4,827 | 3.05% |
| American Indian | 17 | $3,205,000 | $188,529 | $3,874 | 2.99% |
| Asian Indian | 8 | $2,270,000 | $283,750 | $9,658 | 3.25% |
| Other Asian | 5 | $925,000 | $185,000 | $3,986 | 3.28% |
| Chinese | 1 | $265,000 | $265,000 | $5,038 | 2.50% |
| Filipino | 1 | $15,000 | $15,000 | $0 | 3.13% |
Approval Rates
Total approvals of all applications78.31%
Georgia United has a below average approval rate.
Pick Rate
Approvals leading to origination54.27%
Georgia United 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 | 1,585 | $244,745,000 | $154,413 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,585 | $244,745,000 | $154,413 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 302 | $35,280,000 | $116,821 | $3,175 | 3.14% |
| 40-60% | 299 | $44,275,000 | $148,077 | $3,620 | 2.84% |
| 60-80% | 367 | $74,145,000 | $202,030 | $4,339 | 3.01% |
| 80-100% | 262 | $69,850,000 | $266,603 | $4,593 | 3.13% |
| Under 20% | 355 | $21,195,000 | $59,704 | $4,123 | 3.42% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GERSHMAN INVESTMENT CORPORATION | FHA mortgage | Closing on a mortgage | 1 | 100.0% |
