Southpoint Financial Services Mortgage Rates, Fees & Info
Lawrenceville, GALEI: 549300XXIJ7WMGY22535
Tax ID: 58-2363251
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Southpoint Financial Services is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Southpoint Financial Services has an average proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Atlanta, Greenville, Orlando, Savannah, and Spartanburg among others. We have data for 96 markets. (Some data included below & more in-depth data is available with an active subscription.)Southpoint Financial Services 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. Southpoint Financial Services 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.52% | 4/17/25 |
| 30 Year Conventional Refi | 6.86% | 4/17/25 |
| 30 Year Cash-out Refi | 6.88% | 4/17/25 |
| 30 Year FHA Purchase | 7.13% | 4/17/25 |
| 30 Year FHA Refi | 7.25% | 4/17/25 |
| 30 Year VA Purchase | 6.62% | 4/17/25 |
| 30 Year VA Refi | 6.72% | 4/17/25 |
| 30 Year USDA Purchase | 6.96% | 4/17/25 |
| 15 Year Conventional Purchase | 7.71% | 4/17/25 |
| 15 Year Conventional Refi | 6.06% | 4/17/25 |
| 15 Year Cash-out Refi | 6.06% | 4/17/25 |
| 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. | ||
Southpoint Financial Services Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Southpoint Financial Services. 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
514Origination Dollar Volume (All Markets)
$137,900,000Awards
SOUTHPOINT FINANCIAL SERVICES - 2024
SOUTHPOINT FINANCIAL SERVICES is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
Work for SOUTHPOINT FINANCIAL SERVICES?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Southpoint Financial Services's average 30 year fixed mortgage rate was
6.61%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.06%.
Relative Fees (Closing Costs)
Southpoint Financial Services's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,082.
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 $8,356.
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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 132 | $42,860,000 | $324,697 | $8,814 | 6.60% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 57 | $15,815,000 | $277,456 | $7,566 | 6.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 29 | $10,785,000 | $371,897 | $10,976 | 6.57% |
| SAVANNAH, GA (FHA|USDA|VA) | 21 | $6,775,000 | $322,619 | $9,320 | 6.86% |
| Outside of Metro Areas | 25 | $5,865,000 | $234,600 | $6,952 | 6.61% |
| SPARTANBURG, SC (FHA|USDA|VA) | 19 | $4,495,000 | $236,579 | $6,680 | 6.23% |
| ERIE, PA (FHA|USDA|VA) | 18 | $3,970,000 | $220,556 | $5,863 | 6.67% |
| ALBANY, GA (FHA|USDA|VA) | 13 | $3,295,000 | $253,462 | $7,420 | 6.63% |
| COLUMBIA, SC (FHA|USDA|VA) | 13 | $2,865,000 | $220,385 | $5,946 | 6.53% |
| Moultrie, GA (FHA|USDA|VA) | 9 | $2,335,000 | $259,444 | $9,261 | 6.53% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 6 | $1,740,000 | $290,000 | $12,598 | 6.33% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,485,000 | $297,000 | $6,102 | 6.65% |
| ROME, GA (FHA|USDA|VA) | 6 | $1,350,000 | $225,000 | $7,236 | 7.02% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $9,719 | 6.50% |
| HINESVILLE, GA (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $7,246 | 7.10% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 6 | $1,270,000 | $211,667 | $6,202 | 6.60% |
| Dublin, GA (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $11,043 | 6.77% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $14,317 | 6.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $17,470 | 6.44% |
| Douglas, GA (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $6,952 | 6.57% |
| Thomaston, GA (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $4,577 | 6.93% |
| GAINESVILLE, GA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $5,099 | 7.13% |
| Orangeburg, SC (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $7,598 | 7.00% |
| Cedartown, GA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $10,157 | 5.50% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $13,680 | 6.06% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $9,736 | 7.50% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $7,918 | 6.52% |
| LAFAYETTE, LA (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $6,378 | 6.33% |
| Seneca, SC (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $7,644 | 6.04% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $9,330 | 6.63% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $6,931 | 6.79% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $4,715 | 7.03% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $12,140 | 6.25% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $6,408 | 6.19% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $7,311 | 6.72% |
| JACKSON, TN (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $12,378 | 6.50% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $5,247 | 6.31% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $15,142 | 6.31% |
| FLORENCE, SC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,719 | 7.13% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $10,494 | 5.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $8,058 | 6.88% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,959 | 6.94% |
| Meadville, PA (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $2,797 | 7.00% |
| DALTON, GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $7,264 | 5.50% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $11,556 | 6.38% |
| Bainbridge, GA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $8,731 | 6.94% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,889 | 7.00% |
| St. Marys, GA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $7,928 | 6.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 7.03% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $19,505 | 6.13% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,276 | 6.63% |
| DOTHAN, AL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,786 | 6.87% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $14,739 | 6.25% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $10,341 | 6.50% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,669 | 5.63% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,009 | 6.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,227 | 7.13% |
| Statesboro, GA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $6,272 | 6.50% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,638 | 6.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $15,100 | 5.99% |
| Indiana, PA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,320 | 6.94% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,235 | 6.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,704 | 6.50% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,070 | 7.25% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,955 | 6.75% |
| Newberry, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,499 | 6.88% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,631 | 6.75% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,861 | 7.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,850 | 6.25% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,082 | 6.75% |
| Fremont, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,713 | 7.00% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,534 | 6.75% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,320 | 6.88% |
| Summerville, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,482 | 5.75% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,533 | 7.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $11,813 | 6.50% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,082 | 7.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,746 | 6.25% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,964 | 7.13% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,722 | 6.63% |
| Richmond, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,892 | 6.50% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,862 | 6.38% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,764 | 6.99% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $10,254 | 6.75% |
| Danville, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,858 | 6.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,325 | 6.25% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $8,960 | 6.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $7,999 | 6.13% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,795 | 6.99% |
| Atmore, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $813 | 7.49% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,920 | 6.75% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,004 | 6.75% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $7,128 | 6.75% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $6,549 | 6.63% |
| DuBois, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $5,240 | 7.63% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $7,319 | 6.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against SOUTHPOINT FINANCIAL SERVICES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 80
Similarity Rank: 84
Similarity Rank: 119
Similarity Rank: 126
Similarity Rank: 150
Similarity Rank: 156
Similarity Rank: 260
Similarity Rank: 297
Similarity Rank: 462
Similarity Rank: 510
Product Mix
For 2024, Southpoint Financial Services's most frequently originated type of loan was FHA, with 291 originations. Their 2nd most popular type was Conventional, with 124 originations.
Loan Reason
For 2024, Southpoint Financial Services's most frequently cited loan purpose was Home Purchase, with 416 originations. The 2nd most popular reason was Cash Out Refi, with 73 originations.
Loan Duration/Length
For 2024, Southpoint Financial Services's most frequently cited loan duration was 30 Year, with 500 originations. The 2nd most popular length was 15 Year, with 8 originations.
Origination Fees/Closing Costs
Southpoint Financial Services's average total fees were $8,082, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 129 originations.
Interest Rates
During 2024, Southpoint Financial Services's average interest rate for loans was 6.61%, while their most frequently originated rate bucket for loans was 6-7%, with 335 originations.
Loan Sizing
2024 saw Southpoint Financial Services place emphasis on $200k-400k loans with 277 originations, totaling $78,735,000 in origination value.
Applicant Income
Southpoint Financial Services lent most frequently to those with incomes in the $75k-100k range, with 129 originations. The second most popular income band? $50k-75k, with 126 originations.
Applicant Debt to Income Ratio
Southpoint Financial Services lent most frequently to those with DTI ratios of 20-30%, with 108 originations. The next most common DTI ratio? 30-36%, with 79 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.55%
Southpoint Financial Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination67.90%
Southpoint Financial Services has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 514 | $137,900,000 | $268,288 |