Georgia United Mortgage Rates, Fees & Info

Duluth, GA

LEI: 549300TE5E6DWAI74K71

Tax ID: 58-0800932

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Mortgage Data

Review & Overview

Georgia United is a smaller mortgage company specializing in Cash Out Refi 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 45 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 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.

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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.74% 3/28/24
30 Year Conventional Refi 6.57% 3/28/24
30 Year Cash-out Refi 6.76% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
30 Year VA Purchase 6.27% 3/28/24
30 Year VA Refi 6.27% 3/28/24
15 Year Conventional Purchase 6.00% 3/28/24
15 Year Conventional Refi 6.03% 3/28/24
15 Year Cash-out Refi 6.03% 3/28/24
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.

Georgia United Mortgage Calculator






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The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,288

Origination Dollar Volume (All Markets)

$146,820,000

Awards

GEORGIA UNITED 30 Year Conventional Loans bronze GEORGIA UNITED 30 Year Conventional Loans gold GEORGIA UNITED 30 Year Conventional Loans bronze
Show all (3) awards

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) 935 $110,725,000 $118,422 $3,032 3.43%
DALTON, GA (FHA|USDA|VA) 121 $9,545,000 $78,884 $2,745 4.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 93 $8,345,000 $89,731 $2,479 3.70%
Outside of Metro Areas 24 $3,520,000 $146,667 $3,340 3.97%
GAINESVILLE, GA (FHA|USDA|VA) 19 $3,005,000 $158,158 $3,699 4.06%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 16 $1,540,000 $96,250 $3,114 3.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $1,345,000 $448,333 $4,840 5.00%
Jefferson, GA (FHA|USDA|VA) 14 $1,060,000 $75,714 $2,762 3.17%
Calhoun, GA (FHA|USDA|VA) 7 $795,000 $113,571 $3,450 3.89%
COLUMBUS, GA-AL (FHA|USDA|VA) 3 $695,000 $231,667 $5,143 4.54%
Dublin, GA (FHA|USDA|VA) 10 $570,000 $57,000 $1,792 4.13%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $445,000 $445,000 $8,055 4.88%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $430,000 $215,000 $3,714 4.81%
Toccoa, GA (FHA|USDA|VA) 1 $345,000 $345,000 $5,128 4.25%
Milledgeville, GA (FHA|USDA|VA) 2 $340,000 $170,000 $3,775 4.19%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $315,000 $315,000 $5,950 4.63%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $315,000 $315,000 $5,006 4.63%
RICHMOND, VA (FHA|USDA|VA) 1 $285,000 $285,000 $4,929 4.88%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $285,000 $285,000 $5,007 4.75%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 3 $275,000 $91,667 $3,227 4.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $245,000 $245,000 $4,955 4.88%
Summerville, GA (FHA|USDA|VA) 3 $225,000 $75,000 $2,728 3.08%
COLUMBIA, SC (FHA|USDA|VA) 2 $200,000 $100,000 $2,942 3.94%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,530 3.38%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,624 4.88%
ASHEVILLE, NC (FHA|USDA|VA) 1 $175,000 $175,000 $2,285 4.75%
Dayton, TN (FHA|USDA|VA) 1 $175,000 $175,000 $3,730 5.63%
ROME, GA (FHA|USDA|VA) 2 $170,000 $85,000 $2,684 4.63%
CLEVELAND, TN (FHA|USDA|VA) 1 $165,000 $165,000 $3,462 5.25%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $130,000 $65,000 $3,275 3.06%
LaGrange, GA-AL (FHA|USDA|VA) 1 $105,000 $105,000 $2,142 4.75%
Statesboro, GA (FHA|USDA|VA) 1 $105,000 $105,000 $3,023 6.13%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 1.99%
Tifton, GA (FHA|USDA|VA) 1 $55,000 $55,000 $2,680 4.13%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.63%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 1.99%
Scottsboro, AL (FHA|USDA|VA) 1 $55,000 $55,000 $2,639 4.88%
Cordele, GA (FHA|USDA|VA) 1 $45,000 $45,000 $0 1.99%
Waycross, GA (FHA|USDA|VA) 1 $45,000 $45,000 $2,041 4.50%
Americus, GA (FHA|USDA|VA) 1 $35,000 $35,000 $2,366 4.75%
BRUNSWICK, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 1.99%
Vidalia, GA (FHA|USDA|VA) 1 $35,000 $35,000 $2,065 4.38%
ALBANY, GA (FHA|USDA|VA) 1 $25,000 $25,000 $0 1.99%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $25,000 $25,000 $0 1.99%
VALDOSTA, GA (FHA|USDA|VA) 1 $25,000 $25,000 $0 1.99%
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)
  • Tennessee (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 National Bank of Griffin
    Similarity Rank: 592
    TENNESSEE VALLEY
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    CU COMMUNITY, LLC
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    SmartBank
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    Hamilton State Bank
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    VICTORY MORTGAGE, L.L.C.
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    Independent Bank
    Similarity Rank: 1539

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 670 $98,340,000 $146,776 $3,014 5.01%
    HELOC 618 $48,480,000 $78,447 n/a 1.99%

    For 2018, Georgia United's most frequently originated type of loan was Conventional, with 670 originations. Their 2nd most popular type was HELOC, with 618 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 536 $46,680,000 $87,090 $1,850 3.30%
    Home Improvement 320 $23,610,000 $73,781 $1,775 3.11%
    Home Purchase 319 $61,445,000 $192,618 $4,056 4.42%
    Refi 76 $12,830,000 $168,816 $3,595 4.09%
    Other 37 $2,255,000 $60,946 $933 2.77%

    For 2018, Georgia United's most frequently cited loan purpose was Cash Out Refi, with 536 originations. The 2nd most popular reason was Home Improvement, with 320 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 620 $48,710,000 $78,565 $3,550 2.00%
    30 Year 358 $71,530,000 $199,804 $4,071 4.63%
    15 Year 200 $17,270,000 $86,350 $1,581 5.60%
    10 Year 60 $3,280,000 $54,667 $1,284 5.25%
    20 Year 24 $3,850,000 $160,417 $3,911 4.51%
    5 Year 24 $780,000 $32,500 $449 5.61%
    30+ year 2 $1,400,000 $700,000 $9,223 4.81%

    For 2018, Georgia United's most frequently cited loan duration was Other, with 620 originations. The 2nd most popular length was 30 Year, with 358 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 240 $22,040,000 $91,833
    $1k-2k 199 $28,705,000 $144,246
    $2k-3k 72 $17,020,000 $236,389
    $3k-4k 25 $8,985,000 $359,400
    $4k-5k 13 $4,875,000 $375,000
    $5k+ 7 $3,245,000 $463,571

    Georgia United's average total fees were $4,071, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 240 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 618 $48,480,000 $78,447
    4-5% 315 $53,625,000 $170,238
    5-6% 144 $14,470,000 $100,486
    3-4% 100 $23,070,000 $230,700
    6-7% 91 $5,635,000 $61,923
    Over 8% 10 $610,000 $61,000
    7-8% 7 $445,000 $63,571
    2.5-3% 3 $485,000 $161,667

    During 2018, Georgia United's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was <2.5%, with 618 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 753 $37,535,000 $49,847 $1,406 3.30%
    $100k-200k 347 $48,945,000 $141,052 $3,457 3.93%
    $200k-400k 147 $37,805,000 $257,177 $4,811 3.89%
    $400k-600k 31 $15,095,000 $486,935 $5,754 4.07%
    $600k-1MM 9 $6,275,000 $697,222 $8,187 3.75%
    $1MM+ 1 $1,165,000 $1,165,000 $5,632 3.63%

    2018 saw Georgia United place emphasis on $100,000 or less loans with 753 originations, totaling $37,535,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 280 $24,020,000 $85,786 $2,912 3.63%
    $100k-150k 278 $32,980,000 $118,633 $2,903 3.61%
    $75k-100k 258 $25,350,000 $98,256 $3,101 3.58%
    $50k or less 205 $15,865,000 $77,390 $2,765 3.95%
    $150k-250k 187 $28,605,000 $152,968 $3,326 3.19%
    $250k+ 79 $19,195,000 $242,975 $4,273 2.96%

    Georgia United lent most frequently to those with incomes in the $50k-75k range, with 280 originations. The second most popular income band? $100k-150k, with 278 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 229 $25,995,000 $113,515 $3,134 3.90%
    30-36% 206 $24,110,000 $117,039 $3,160 3.60%
    49% 115 $11,455,000 $99,609 $3,347 2.69%
    <20% 80 $7,990,000 $99,875 $2,856 3.69%
    48% 63 $5,755,000 $91,349 $2,403 3.01%
    46% 62 $6,530,000 $105,323 $2,618 3.79%
    44% 61 $7,815,000 $128,115 $2,878 3.57%
    41% 53 $7,045,000 $132,925 $3,406 3.52%
    47% 51 $5,205,000 $102,059 $2,833 3.42%
    42% 49 $5,995,000 $122,347 $2,749 3.57%
    43% 48 $5,660,000 $117,917 $2,188 3.53%
    45% 43 $3,915,000 $91,047 $3,144 3.58%
    39% 43 $5,255,000 $122,209 $2,814 3.84%
    38% 43 $6,155,000 $143,140 $3,393 3.84%
    36% 43 $4,175,000 $97,093 $2,627 3.87%
    37% 42 $4,610,000 $109,762 $2,815 3.84%
    40% 34 $5,150,000 $151,471 $4,157 3.36%
    50-60% 17 $2,245,000 $132,059 $2,231 3.14%
    >60% 5 $1,575,000 $315,000 $3,301 2.54%

    Georgia United lent most frequently to those with DTI ratios of 20-30%, with 229 originations. The next most common DTI ratio? 30-36%, with 206 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 839 $89,535,000 $106,716 $2,847 3.53%
    Not provided 209 $27,335,000 $130,789 $3,051 3.54%
    Black 202 $24,160,000 $119,604 $3,496 3.81%
    Asian 28 $3,990,000 $142,500 $3,603 3.04%
    Asian Indian 4 $870,000 $217,500 $3,444 2.46%
    American Indian 4 $570,000 $142,500 $3,288 2.65%
    Filipino 2 $360,000 $180,000 $3,829 3.50%

    Approval Rates

    Total approvals of all applications
    78.39%

    Georgia United has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    62.58%

    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 1,288 $146,820,000 $113,991

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 17 $1,595,000 $93,824
    Single Family (1-4 Units):Site-Built 1,271 $145,225,000 $114,260

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 323 $31,025,000 $96,053 $1,121 3.13%
    40-60% 99 $11,755,000 $118,737 $3,187 3.19%
    60-80% 185 $34,125,000 $184,459 $4,024 4.21%
    80-100% 238 $49,500,000 $207,983 $4,136 4.65%
    Under 20% 443 $20,415,000 $46,084 $452 3.10%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    GERSHMAN INVESTMENT CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%