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 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.

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% 3/28/24
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






Your Estimates

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This is not an official calculator from Georgia United. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

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


Originations

1,585

Origination Dollar Volume (All Markets)

$244,745,000

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) 1,117 $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.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (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.

    Emory Alliance Credit Union
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    AMERICAN HOME MORTGAGE, INC.
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    POWERCO
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 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

    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 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

    Origination Fee/Closing Cost 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 74 $23,400,000 $316,216
    $4k-5k 33 $12,385,000 $375,303
    $5k+ 27 $15,645,000 $579,444

    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

    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 applications
    77.01%

    Georgia United has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    65.11%

    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

    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%