Georgia United Mortgage Rates, Fees & Info
Duluth, GALEI: 549300TE5E6DWAI74K71
Tax ID: 58-0800932
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Mortgage Data
Review & Overview
Georgia United is a smaller mortgage company specializing in Home Purchase loans. Georgia United has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Dalton, Athens, Jefferson, and Chattanooga among others. We have data for 42 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.74% | 12/16/24 |
| 30 Year Conventional Refi | 6.57% | 12/16/24 |
| 30 Year Cash-out Refi | 6.76% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 6.27% | 12/16/24 |
| 30 Year VA Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 6.00% | 12/16/24 |
| 15 Year Conventional Refi | 6.03% | 12/16/24 |
| 15 Year Cash-out Refi | 6.03% | 12/16/24 |
| 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
1,355Origination Dollar Volume (All Markets)
$173,225,000Top 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) | 937 | $123,465,000 | $131,766 | $3,390 | 4.83% |
| DALTON, GA (FHA|USDA|VA) | 151 | $16,505,000 | $109,305 | $3,021 | 4.45% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 106 | $13,190,000 | $124,434 | $3,320 | 4.71% |
| Outside of Metro Areas | 21 | $2,885,000 | $137,381 | $3,829 | 4.32% |
| Jefferson, GA (FHA|USDA|VA) | 22 | $2,380,000 | $108,182 | $2,891 | 4.74% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 20 | $2,030,000 | $101,500 | $4,075 | 4.73% |
| GAINESVILLE, GA (FHA|USDA|VA) | 12 | $1,760,000 | $146,667 | $3,375 | 4.68% |
| Dublin, GA (FHA|USDA|VA) | 22 | $1,690,000 | $76,818 | $2,922 | 4.57% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 7 | $925,000 | $132,143 | $3,980 | 5.02% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $4,636 | 4.46% |
| Calhoun, GA (FHA|USDA|VA) | 7 | $555,000 | $79,286 | $2,316 | 5.48% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $2,772 | 4.44% |
| ROME, GA (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $3,650 | 3.83% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,113 | 4.63% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,073 | 5.00% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,581 | 3.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $2,388 | 4.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $6,312 | 4.38% |
| Cedartown, GA (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $2,218 | 4.54% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,744 | 4.88% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,400 | 4.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,830 | 4.56% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,512 | 3.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,691 | 3.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,368 | 5.13% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,402 | 4.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $1,742 | 4.88% |
| CLEVELAND, TN (FHA|USDA|VA) | 4 | $220,000 | $55,000 | $2,509 | 4.28% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,122 | 3.81% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $3,228 | 3.00% |
| Tifton, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,703 | 3.00% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,537 | 4.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,498 | 5.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.38% |
| Summerville, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,320 | 4.50% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 1.99% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.63% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.25% |
| Douglas, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.63% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.63% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 812 | $133,800,000 | $164,778 | $3,331 | 4.45% |
| HELOC | 543 | $39,425,000 | $72,606 | n/a | 5.21% |
For 2019, Georgia United's most frequently originated type of loan was Conventional, with 812 originations. Their 2nd most popular type was HELOC, with 543 originations.
Loan Reason
For 2019, Georgia United's most frequently cited loan purpose was Home Improvement, with 399 originations. The 2nd most popular reason was Home Purchase, with 389 originations.
Loan Duration/Length
For 2019, Georgia United's most frequently cited loan duration was Other, with 544 originations. The 2nd most popular length was 30 Year, with 454 originations.
Origination Fees/Closing Costs
Georgia United's average total fees were $3,957, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 332 originations.
Interest Rates
During 2019, Georgia United's average interest rate for loans was 4.23%, while their most frequently originated rate bucket for loans was 5-6%, with 387 originations.
Loan Sizing
2019 saw Georgia United place emphasis on $100,000 or less loans with 679 originations, totaling $34,505,000 in origination value.
Applicant Income
Georgia United lent most frequently to those with incomes in the $50k-75k range, with 379 originations. The second most popular income band? $100k-150k, with 306 originations.
Applicant Debt to Income Ratio
Georgia United lent most frequently to those with DTI ratios of 20-30%, with 271 originations. The next most common DTI ratio? 30-36%, with 246 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.90%
Georgia United has a below average approval rate.
Pick Rate
Approvals leading to origination32.55%
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 |
|---|---|---|---|
| 536.9 | 1 | $185,000 | $185,000 |
| NA | 1,354 | $173,040,000 | $127,799 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 5 | $445,000 | $89,000 |
| Single Family (1-4 Units):Site-Built | 1,350 | $172,780,000 | $127,985 |