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 Other, Refi, 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 Jefferson 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. | ||
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Originations
1,585Origination Dollar Volume (All Markets)
$244,745,000Top 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) | 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% |
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 | 948 | $187,130,000 | $197,395 | $4,105 | 2.91% |
| HELOC | 637 | $57,615,000 | $90,447 | n/a | 3.42% |
For 2021, Georgia United's most frequently originated type of loan was Conventional, with 948 originations. Their 2nd most popular type was HELOC, with 637 originations.
Loan Reason
For 2021, Georgia United's most frequently cited loan purpose was Other, with 594 originations. The 2nd most popular reason was Refi, with 378 originations.
Loan Duration/Length
For 2021, Georgia United's most frequently cited loan duration was Other, with 638 originations. The 2nd most popular length was 30 Year, with 557 originations.
Origination Fees/Closing Costs
Georgia United's average total fees were $4,441, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.16%, while their most frequently originated rate bucket for loans was 3-4%, with 954 originations.
Loan Sizing
2021 saw Georgia United place emphasis on $100,000 or less loans with 597 originations, totaling $35,195,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications77.01%
Georgia United has a below average approval rate.
Pick Rate
Approvals leading to origination65.11%
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 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GERSHMAN INVESTMENT CORPORATION | FHA mortgage | Closing on a mortgage | 1 | 100.0% |