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

Jump to:

  • 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, Atlanta, Hilton Head Island, Savannah, and Hinesville among others. We have data for 9 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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.53% 4/21/24
    30 Year Conventional Refi 6.65% 4/21/24
    30 Year Cash-out Refi 6.76% 4/21/24
    30 Year FHA Purchase 7.19% 4/21/24
    30 Year VA Purchase 6.08% 4/21/24
    30 Year VA Refi 5.94% 4/21/24
    30 Year USDA Purchase 6.59% 4/21/24
    15 Year Conventional Purchase 6.00% 4/21/24
    15 Year Conventional Refi 5.90% 4/21/24
    15 Year Cash-out Refi 5.90% 4/21/24
    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

    282

    Origination Dollar Volume (All Markets)

    $64,550,000

    Awards

    AUGUSTA MORTGAGE CO. 30 Year Conventional Loans gold
    Show all (1) 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) 251 $57,955,000 $230,896 $4,623 3.04%
    Outside of Metro Areas 16 $3,640,000 $227,500 $5,287 3.01%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $1,040,000 $173,333 $1,023 3.56%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $600,000 $300,000 $4,347 2.75%
    SAVANNAH, GA (FHA|USDA|VA) 2 $420,000 $210,000 $0 3.38%
    HINESVILLE, GA (FHA|USDA|VA) 2 $300,000 $150,000 $195 3.25%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $265,000 $265,000 $6,587 2.63%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Augusta Mortgage Co.'s top markets include Augusta, Atlanta, Hilton Head Island, Savannah, and Hinesville 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: 500
    FIRST CHOICE MORTGAGE, INC.
    Similarity Rank: 1176
    AUGUSTA MORTGAGE CO.
    Similarity Rank: 1404
    Associated Credit Union
    Similarity Rank: 2193
    First Heritage Mortgage, LLC
    Similarity Rank: 2816
    Queensborough National Bank & Trust Company
    Similarity Rank: 2852
    First Community Bank
    Similarity Rank: 2920
    SRP Federal Credit Union
    Similarity Rank: 3924
    Colony Bank
    Similarity Rank: 5250
    HOMESTAR FINANCIAL CORPORATION
    Similarity Rank: 5733

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 158 $33,730,000 $213,481 $2,507 3.13%
    VA 77 $22,635,000 $293,961 $7,407 2.87%
    FHA 40 $6,750,000 $168,750 $6,225 3.13%
    USDA 7 $1,435,000 $205,000 $5,449 2.75%

    For 2020, Augusta Mortgage Co.'s most frequently originated type of loan was Conventional, with 158 originations. Their 2nd most popular type was VA, with 77 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 216 $49,590,000 $229,583 $4,710 3.07%
    Refi 49 $11,755,000 $239,898 $4,034 2.79%
    Cash Out Refi 17 $3,205,000 $188,529 $3,308 3.29%

    For 2020, Augusta Mortgage Co.'s most frequently cited loan purpose was Home Purchase, with 216 originations. The 2nd most popular reason was Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 247 $57,185,000 $231,518 $4,704 3.08%
    15 Year 28 $6,140,000 $219,286 $3,273 2.77%
    10 Year 4 $420,000 $105,000 $0 0.00%
    20 Year 3 $805,000 $268,333 $4,496 2.75%

    For 2020, Augusta Mortgage Co.'s most frequently cited loan duration was 30 Year, with 247 originations. The 2nd most popular length was 15 Year, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 162 $36,140,000 $223,086
    $2k-3k 44 $9,500,000 $215,909
    $1k-2k 42 $7,020,000 $167,143
    $3k-4k 23 $6,655,000 $289,348
    $4k-5k 6 $2,260,000 $376,667
    $5k+ 5 $2,975,000 $595,000

    Augusta Mortgage Co.'s average total fees were $4,704, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 162 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 77 $16,835,000 $218,636
    2.5-3% 59 $15,365,000 $260,424
    <2.5% 29 $7,245,000 $249,828
    4-5% 2 $360,000 $180,000

    During 2020, Augusta Mortgage Co.'s average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 3-4%, with 77 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 130 $35,680,000 $274,462 $5,054 3.00%
    $100k-200k 112 $16,480,000 $147,143 $3,275 3.14%
    $400k-600k 21 $9,455,000 $450,238 $6,741 2.84%
    $100,000 or less 17 $1,445,000 $85,000 $3,572 3.21%
    $600k-1MM 2 $1,490,000 $745,000 $12,520 2.69%

    2020 saw Augusta Mortgage Co. place emphasis on $200k-400k loans with 130 originations, totaling $35,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 76 $14,720,000 $193,684 $4,757 3.03%
    $100k-150k 63 $17,595,000 $279,286 $4,791 3.09%
    $50k or less 47 $6,625,000 $140,957 $3,688 3.14%
    $75k-100k 43 $10,015,000 $232,907 $4,141 3.02%
    $150k-250k 38 $11,150,000 $293,421 $4,916 3.03%
    $250k+ 7 $2,665,000 $380,714 $5,972 2.79%

    Augusta Mortgage Co. lent most frequently to those with incomes in the $50k-75k range, with 76 originations. The second most popular income band? $100k-150k, with 63 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 27 $6,125,000 $226,852 $2,793 3.10%
    20-30% 21 $4,895,000 $233,095 $3,796 3.15%
    <20% 17 $3,725,000 $219,118 $3,931 2.99%
    >60% 7 $1,835,000 $262,143 $7,652 3.14%
    43% 6 $1,420,000 $236,667 $2,680 3.19%
    37% 6 $1,190,000 $198,333 $2,616 3.31%
    44% 3 $865,000 $288,333 $4,038 3.50%
    40% 3 $645,000 $215,000 $354 3.54%
    42% 3 $595,000 $198,333 $4,964 3.38%
    48% 3 $605,000 $201,667 $5,034 3.50%
    49% 3 $585,000 $195,000 $3,326 3.04%
    50-60% 2 $390,000 $195,000 $3,765 3.38%
    38% 2 $490,000 $245,000 $3,422 2.56%
    41% 2 $220,000 $110,000 $1,626 3.50%
    36% 2 $610,000 $305,000 $560 2.75%
    45% 1 $365,000 $365,000 $3,681 3.38%
    46% 1 $255,000 $255,000 $7,670 3.50%
    39% 1 $135,000 $135,000 $6,504 3.25%

    Augusta Mortgage Co. lent most frequently to those with DTI ratios of 30-36%, with 27 originations. The next most common DTI ratio? 20-30%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 227 $52,605,000 $231,740 $4,293 3.04%
    Black 29 $5,595,000 $192,931 $6,054 3.12%
    Not provided 14 $2,880,000 $205,714 $5,950 3.36%
    Not applicable 9 $2,465,000 $273,889 $5,367 2.80%
    Asian 2 $690,000 $345,000 $0 0.00%
    Native Hawaiian or Islander 1 $315,000 $315,000 $4,954 2.25%

    Approval Rates

    Total approvals of all applications
    99.59%

    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
    82.98%

    Augusta Mortgage Co. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 282 $64,550,000 $228,901

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 282 $64,550,000 $228,901

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $170,000 $85,000 $3,529 2.81%
    40-60% 9 $2,245,000 $249,444 $3,852 2.85%
    60-80% 27 $5,595,000 $207,222 $3,786 3.11%
    80-100% 66 $15,340,000 $232,424 $2,986 3.24%
    Over 100% 6 $1,600,000 $266,667 $9,448 3.08%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    ASSOCIATED BANC-CORP Conventional home mortgage Closing on a mortgage 2 18.2%
    ASSOCIATED BANC-CORP Conventional home mortgage Trouble during payment process 6 54.5%
    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%