Augusta Mortgage Co. Rates, Fees & InfoAUGUSTA, GA
Tax ID: 58-1253290
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewAugusta Mortgage Co. is a smaller mortgage company specializing in Home Purchase loans. Augusta Mortgage Co. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Augusta, Atlanta, Columbia, and Tifton among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)
Augusta Mortgage Co. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Augusta Mortgage Co. is typically an average 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.53%||11/30/23|
|30 Year Conventional Refi||6.65%||11/30/23|
|30 Year Cash-out Refi||6.76%||11/30/23|
|30 Year FHA Purchase||7.19%||11/30/23|
|30 Year VA Purchase||6.08%||11/30/23|
|30 Year VA Refi||5.94%||11/30/23|
|30 Year USDA Purchase||6.59%||11/30/23|
|15 Year Conventional Purchase||6.00%||11/30/23|
|15 Year Conventional Refi||5.90%||11/30/23|
|15 Year Cash-out Refi||5.90%||11/30/23|
|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.|
Augusta Mortgage Co. Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Augusta Mortgage Co.. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$72,375,000
AUGUSTA MORTGAGE CO. - 2022
AUGUSTA MORTGAGE CO. is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Augusta Mortgage Co.'s average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.05%.
Relative Fees (Closing Costs)
Augusta Mortgage Co.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $7,840.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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|
|AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA)||243||$68,305,000||$281,091||$7,649||4.76%|
|Outside of Metro Areas||9||$2,775,000||$308,333||$9,272||4.79%|
|ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)||1||$585,000||$585,000||$11,448||4.75%|
|COLUMBIA, SC (FHA|USDA|VA)||3||$555,000||$185,000||$5,311||4.33%|
|Tifton, GA (FHA|USDA|VA)||1||$155,000||$155,000||$5,062||3.38%|
We use machine learning to identify the top lenders compared against AUGUSTA MORTGAGE CO. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Augusta Mortgage Co.'s most frequently originated type of loan was Conventional, with 168 originations. Their 2nd most popular type was VA, with 57 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||17||$3,275,000||$192,647||$4,957||4.44%|
For 2022, Augusta Mortgage Co.'s most frequently cited loan purpose was Home Purchase, with 230 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Augusta Mortgage Co.'s most frequently cited loan duration was 30 Year, with 239 originations. The 2nd most popular length was 15 Year, with 15 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Augusta Mortgage Co.'s average total fees were $7,840, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 68 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Augusta Mortgage Co.'s average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 5-6%, with 78 originations.
2022 saw Augusta Mortgage Co. place emphasis on $200k-400k loans with 135 originations, totaling $39,195,000 in origination value.
Augusta Mortgage Co. lent most frequently to those with incomes in the $100k-150k range, with 70 originations. The second most popular income band? $75k-100k, with 54 originations.
Applicant Debt to Income Ratio
Augusta Mortgage Co. lent most frequently to those with DTI ratios of 20-30%, with 37 originations. The next most common DTI ratio? 30-36%, with 33 originations.
Approval RatesTotal approvals of all applications
Augusta Mortgage Co. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Augusta Mortgage Co. has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|