Augusta Mortgage Co. Rates, Fees & Info
AUGUSTA, GALEI: 549300WPNSM7RIMWRQ79
Tax ID: 58-1253290
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Mortgage Data
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, Columbia, Myrtle Beach, and Savannah among others. We have data for 12 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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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
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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.
Originations
433Origination Dollar Volume (All Markets)
$108,705,000Awards
AUGUSTA MORTGAGE CO. - 2021
AUGUSTA MORTGAGE CO. is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 409 | $102,095,000 | $249,621 | $5,679 | 2.79% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $2,035,000 | $407,000 | $5,290 | 3.10% |
| Outside of Metro Areas | 8 | $1,760,000 | $220,000 | $4,612 | 2.63% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $6,804 | 2.94% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $1,078 | 3.38% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,720 | 3.25% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,695 | 2.75% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,112 | 2.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,999 | 3.31% |
| Seneca, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,444 | 3.38% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,676 | 2.75% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,691 | 2.88% |
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.
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Product Mix
For 2021, Augusta Mortgage Co.'s most frequently originated type of loan was Conventional, with 259 originations. Their 2nd most popular type was VA, with 128 originations.
Loan Reason
For 2021, Augusta Mortgage Co.'s most frequently cited loan purpose was Home Purchase, with 332 originations. The 2nd most popular reason was Refi, with 66 originations.
Loan Duration/Length
For 2021, Augusta Mortgage Co.'s most frequently cited loan duration was 30 Year, with 398 originations. The 2nd most popular length was 15 Year, with 26 originations.
Origination Fees/Closing Costs
Augusta Mortgage Co.'s average total fees were $5,801, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 177 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 213 | $55,095,000 | $258,662 |
| <2.5% | 124 | $31,820,000 | $256,613 |
| 3-4% | 91 | $21,135,000 | $232,253 |
| 4-5% | 5 | $655,000 | $131,000 |
During 2021, Augusta Mortgage Co.'s average interest rate for loans was 2.83%, while their most frequently originated rate bucket for loans was 2.5-3%, with 213 originations.
Loan Sizing
2021 saw Augusta Mortgage Co. place emphasis on $200k-400k loans with 226 originations, totaling $61,810,000 in origination value.
Applicant Income
Augusta Mortgage Co. lent most frequently to those with incomes in the $50k-75k range, with 107 originations. The second most popular income band? $100k-150k, with 88 originations.
Applicant Debt to Income Ratio
Augusta Mortgage Co. lent most frequently to those with DTI ratios of 20-30%, with 80 originations. The next most common DTI ratio? 30-36%, with 51 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.20%
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 origination88.45%
Augusta Mortgage Co. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 433 | $108,705,000 | $251,051 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Augusta Financial, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |