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
  • 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, 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.

    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

    257

    Origination Dollar Volume (All Markets)

    $72,375,000

    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
    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%
    Augusta Mortgage Co.'s top markets include Augusta, Atlanta, Columbia, and Tifton 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.

    FIRST CHOICE MORTGAGE, INC.
    Similarity Rank: 370
    Security Federal Bank
    Similarity Rank: 776
    Coastal Carolina National Bank
    Similarity Rank: 840
    Deere Employees Credit Union
    Similarity Rank: 954
    AUGUSTA MORTGAGE CO.
    Similarity Rank: 1025
    First Community Bank
    Similarity Rank: 1078
    SRP Federal Credit Union
    Similarity Rank: 1498
    TD Bank
    Similarity Rank: 2106
    Associated Credit Union
    Similarity Rank: 3159
    First-Citizens Bank & Trust Company
    Similarity Rank: 4410

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 168 $43,640,000 $259,762 $6,017 4.74%
    VA 57 $21,775,000 $382,018 $11,569 4.70%
    FHA 31 $6,805,000 $219,516 $9,651 4.93%
    USDA 1 $155,000 $155,000 $5,062 3.38%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 230 $66,850,000 $290,652 $7,990 4.81%
    Cash Out Refi 17 $3,275,000 $192,647 $4,957 4.44%
    Refi 10 $2,250,000 $225,000 $5,248 3.95%

    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 Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 239 $68,015,000 $284,582 $7,840 4.81%
    15 Year 15 $3,555,000 $237,000 $5,596 4.01%
    20 Year 3 $805,000 $268,333 $5,641 3.58%

    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
    $2k-3k 68 $13,280,000 $195,294
    $3k-4k 51 $14,955,000 $293,235
    $5k+ 40 $17,410,000 $435,250
    $4k-5k 38 $13,040,000 $343,158
    $1k-2k 33 $4,685,000 $141,970
    $<1k 27 $9,005,000 $333,519

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 78 $22,180,000 $284,359
    4-5% 73 $19,245,000 $263,630
    3-4% 58 $16,660,000 $287,241
    6-7% 28 $8,030,000 $286,786
    2.5-3% 16 $5,110,000 $319,375
    7-8% 3 $605,000 $201,667
    <2.5% 1 $545,000 $545,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 135 $39,195,000 $290,333 $7,930 4.74%
    $100k-200k 75 $12,045,000 $160,600 $5,307 4.87%
    $400k-600k 32 $15,260,000 $476,875 $11,516 4.65%
    $100,000 or less 8 $700,000 $87,500 $3,829 4.50%
    $600k-1MM 6 $3,920,000 $653,333 $11,281 4.37%
    $1MM+ 1 $1,255,000 $1,255,000 $39,144 3.75%

    2022 saw Augusta Mortgage Co. place emphasis on $200k-400k loans with 135 originations, totaling $39,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 70 $21,710,000 $310,143 $8,021 4.83%
    $75k-100k 54 $14,860,000 $275,185 $7,796 4.74%
    $50k-75k 52 $11,500,000 $221,154 $7,340 4.83%
    $150k-250k 44 $14,600,000 $331,818 $8,095 4.73%
    $50k or less 23 $3,435,000 $149,348 $4,622 4.57%
    $250k+ 9 $5,045,000 $560,556 $13,572 4.67%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 37 $9,765,000 $263,919 $6,406 4.55%
    30-36% 33 $8,295,000 $251,364 $6,266 4.88%
    <20% 15 $3,325,000 $221,667 $5,547 4.45%
    43% 9 $1,675,000 $186,111 $5,283 4.75%
    42% 8 $2,470,000 $308,750 $6,594 4.64%
    40% 8 $2,200,000 $275,000 $6,583 4.23%
    44% 8 $1,890,000 $236,250 $5,383 4.47%
    45% 7 $1,335,000 $190,714 $5,302 5.05%
    47% 6 $1,100,000 $183,333 $5,630 4.71%
    48% 6 $1,710,000 $285,000 $6,453 4.46%
    38% 6 $1,950,000 $325,000 $7,635 4.25%
    37% 5 $1,875,000 $375,000 $7,302 4.68%
    36% 5 $1,525,000 $305,000 $6,162 4.65%
    39% 4 $1,600,000 $400,000 $7,725 6.06%
    41% 4 $1,270,000 $317,500 $6,750 4.81%
    46% 4 $950,000 $237,500 $6,045 5.91%
    49% 3 $685,000 $228,333 $5,635 4.58%
    50-60% 3 $545,000 $181,667 $6,823 5.83%
    >60% 2 $1,080,000 $540,000 $18,685 5.63%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 183 $50,615,000 $276,585 $7,300 4.82%
    Not provided 36 $10,580,000 $293,889 $8,666 4.68%
    Black 28 $8,050,000 $287,500 $8,499 4.41%
    Asian 5 $1,485,000 $297,000 $8,515 4.32%
    American Indian 2 $570,000 $285,000 $8,994 4.06%
    Not applicable 1 $475,000 $475,000 $8,680 5.13%
    Other Pacific Islander 1 $335,000 $335,000 $3,854 6.63%
    Filipino 1 $265,000 $265,000 $15,529 4.50%

    Approval Rates

    Total approvals of all applications
    99.32%

    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
    87.16%

    Augusta Mortgage Co. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 257 $72,375,000 $281,615

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    257 $72,375,000 $281,615

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $395,000 $131,667 $4,415 5.04%
    40-60% 18 $3,590,000 $199,444 $5,036 4.74%
    60-80% 48 $11,460,000 $238,750 $5,775 4.68%
    80-100% 101 $28,945,000 $286,584 $6,759 4.70%
    Over 100% 2 $700,000 $350,000 $17,229 5.75%
    Under 20% 1 $155,000 $155,000 $4,317 6.25%