Augusta Mortgage Co. Rates, Fees & Info

AUGUSTA, GA

LEI: 549300WPNSM7RIMWRQ79

Tax ID: 58-1253290

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Augusta 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, Hilton Head Island, Athens, and Savannah among others. We have data for 4 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.

    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 6.53% 12/16/24
    30 Year Conventional Refi 6.65% 12/16/24
    30 Year Cash-out Refi 6.76% 12/16/24
    30 Year FHA Purchase 7.19% 12/16/24
    30 Year VA Purchase 6.08% 12/16/24
    30 Year VA Refi 5.94% 12/16/24
    30 Year USDA Purchase 6.59% 12/16/24
    15 Year Conventional Purchase 6.00% 12/16/24
    15 Year Conventional Refi 5.90% 12/16/24
    15 Year Cash-out Refi 5.90% 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.

    Augusta Mortgage Co. Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Augusta Mortgage Co.. 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

    208

    Origination Dollar Volume (All Markets)

    $42,160,000

    Awards

    AUGUSTA MORTGAGE CO. FHA Loans bronze AUGUSTA MORTGAGE CO. FHA Loans silver AUGUSTA MORTGAGE CO. VA 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
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 204 $41,180,000 $201,863 $5,746 4.43%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $510,000 $255,000 $2,481 4.31%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $265,000 $265,000 $75 4.50%
    SAVANNAH, GA (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.88%
    Augusta Mortgage Co.'s top markets include Augusta, Hilton Head Island, Athens, and Savannah among others.

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

    • Similar Lenders

    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.

    Coastal Carolina National Bank
    Similarity Rank: 372
    AUGUSTA MORTGAGE CO.
    Similarity Rank: 476
    FIRST CHOICE MORTGAGE, INC.
    Similarity Rank: 792
    First Community Bank
    Similarity Rank: 1440
    SRP Federal Credit Union
    Similarity Rank: 1452
    Deere Employees Credit Union
    Similarity Rank: 1467
    Queensborough National Bank & Trust Company
    Similarity Rank: 1568
    CLEARPATH LENDING
    Similarity Rank: 3864
    FRANKLIN AMERICAN MORTGAGE CO
    Similarity Rank: 4264
    South State Bank
    Similarity Rank: 4536

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 96 $19,310,000 $201,146 $3,515 4.57%
    VA 72 $17,160,000 $238,333 $8,065 4.29%
    FHA 39 $5,515,000 $141,410 $5,829 4.37%
    USDA 1 $175,000 $175,000 $6,443 4.00%

    For 2018, Augusta Mortgage Co.'s most frequently originated type of loan was Conventional, with 96 originations. Their 2nd most popular type was VA, with 72 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 198 $39,910,000 $201,566 $5,725 4.43%
    Cash Out Refi 7 $1,625,000 $232,143 $5,403 4.57%
    Refi 3 $625,000 $208,333 $3,682 4.46%

    For 2018, Augusta Mortgage Co.'s most frequently cited loan purpose was Home Purchase, with 198 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 196 $39,820,000 $203,163 $5,726 4.46%
    15 Year 11 $2,155,000 $195,909 $4,889 3.86%
    20 Year 1 $185,000 $185,000 $4,836 4.00%

    For 2018, Augusta Mortgage Co.'s most frequently cited loan duration was 30 Year, with 196 originations. The 2nd most popular length was 15 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 122 $25,530,000 $209,262
    $1k-2k 35 $4,985,000 $142,429
    $2k-3k 31 $5,685,000 $183,387
    $3k-4k 11 $2,955,000 $268,636
    $4k-5k 4 $1,100,000 $275,000
    $5k+ 4 $1,710,000 $427,500

    Augusta Mortgage Co.'s average total fees were $5,726, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 122 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 159 $32,905,000 $206,950
    3-4% 37 $7,325,000 $197,973
    5-6% 12 $1,930,000 $160,833

    During 2018, Augusta Mortgage Co.'s average interest rate for loans was 4.46%, while their most frequently originated rate bucket for loans was 4-5%, with 159 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 91 $23,995,000 $263,681 $6,732 4.37%
    $100k-200k 86 $13,350,000 $155,233 $5,030 4.41%
    $100,000 or less 25 $2,005,000 $80,200 $3,485 4.67%
    $400k-600k 6 $2,810,000 $468,333 $7,443 4.67%

    2018 saw Augusta Mortgage Co. place emphasis on $200k-400k loans with 91 originations, totaling $23,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 61 $10,925,000 $179,098 $5,511 4.43%
    $50k or less 46 $6,280,000 $136,522 $5,121 4.46%
    $100k-150k 42 $10,510,000 $250,238 $5,884 4.36%
    $75k-100k 37 $8,065,000 $217,973 $6,157 4.45%
    $150k-250k 13 $3,575,000 $275,000 $6,315 4.41%
    $250k+ 7 $2,325,000 $332,143 $6,147 4.48%

    Augusta Mortgage Co. lent most frequently to those with incomes in the $50k-75k range, with 61 originations. The second most popular income band? $50k or less, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 31 $6,345,000 $204,677 $4,646 4.53%
    30-36% 22 $4,210,000 $191,364 $6,599 4.42%
    36% 11 $1,705,000 $155,000 $5,030 4.52%
    <20% 9 $1,205,000 $133,889 $3,520 4.25%
    45% 8 $1,850,000 $231,250 $7,136 4.56%
    44% 7 $1,535,000 $219,286 $4,571 4.48%
    50-60% 7 $1,825,000 $260,714 $8,362 4.41%
    38% 6 $850,000 $141,667 $4,930 4.58%
    46% 6 $1,050,000 $175,000 $5,876 4.56%
    40% 6 $1,100,000 $183,333 $6,315 4.48%
    >60% 5 $1,145,000 $229,000 $9,891 4.45%
    39% 5 $1,155,000 $231,000 $5,677 4.43%
    42% 5 $1,375,000 $275,000 $5,056 4.43%
    43% 4 $740,000 $185,000 $7,264 4.63%
    48% 4 $1,090,000 $272,500 $5,953 4.53%
    47% 3 $665,000 $221,667 $5,180 4.50%
    41% 3 $515,000 $171,667 $8,697 4.58%
    37% 3 $835,000 $278,333 $7,685 4.67%
    49% 1 $275,000 $275,000 $75 4.50%

    Augusta Mortgage Co. lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 161 $32,845,000 $204,006 $5,645 4.41%
    Black 26 $4,920,000 $189,231 $5,888 4.48%
    Asian 9 $2,035,000 $226,111 $5,439 4.50%
    Not applicable 7 $1,245,000 $177,857 $5,215 4.68%
    Not provided 4 $950,000 $237,500 $7,029 4.38%
    Asian Indian 1 $165,000 $165,000 $0 4.88%

    Approval Rates

    Total approvals of all applications
    95.08%

    Augusta Mortgage Co. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    88.46%

    Augusta Mortgage Co. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 208 $42,160,000 $202,692

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 208 $42,160,000 $202,692

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $305,000 $101,667 $2,485 4.33%
    40-60% 3 $455,000 $151,667 $4,384 4.04%
    60-80% 23 $4,965,000 $215,870 $3,518 4.49%
    80-100% 100 $19,540,000 $195,400 $5,495 4.53%
    Over 100% 16 $4,120,000 $257,500 $11,295 4.35%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ASSOCIATED BANC-CORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 9.1%
    ASSOCIATED BANC-CORP Conventional home mortgage Trouble during payment process 7 63.6%
    ASSOCIATED BANC-CORP Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 9.1%
    ASSOCIATED BANC-CORP Home equity loan or line of credit (HELOC) Trouble during payment process 1 9.1%
    ASSOCIATED BANC-CORP Other type of mortgage Trouble during payment process 1 9.1%