Southpoint Financial Services Mortgage Rates, Fees & Info

Lawrenceville, GA

LEI: 549300XXIJ7WMGY22535

Tax ID: 58-2363251

2.9 stars - out of 5 stars, based on 36 reviews

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

Jump to:

Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Southpoint Financial Services is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Southpoint Financial Services has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Orlando, Savannah, Pensacola, and Tampa among others. We have data for 144 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 a high 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 6.88% 1/29/23
    30 Year Conventional Refi 6.63% 1/29/23
    30 Year Cash-out Refi 6.77% 1/29/23
    30 Year FHA Purchase 7.60% 1/29/23
    30 Year FHA Refi 7.07% 1/29/23
    30 Year VA Purchase 6.62% 1/29/23
    30 Year VA Refi 6.07% 1/29/23
    30 Year USDA Purchase 6.99% 1/29/23
    30 Year USDA Refi 6.64% 1/29/23
    15 Year Conventional Purchase 6.44% 1/29/23
    15 Year Conventional Refi 6.19% 1/29/23
    15 Year Cash-out Refi 6.19% 1/29/23
    15 Year FHA Refi 5.68% 1/29/23
    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.


    Originations

    1,278

    Origination Dollar Volume (All Markets)

    $292,120,000
    Show all (6) awards

    Relative Rate

    Southpoint Financial Services's average 30 year fixed mortgage rate was 3.17%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.02%.

    Relative Fees (Closing Costs)

    Southpoint Financial Services's average total fees/closing costs for a 30 year fixed rate mortgage were $6,824.

    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 $4,750.

    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) 355 $91,825,000 $258,662 $7,710 3.10%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 93 $25,135,000 $270,269 $6,382 3.28%
    SAVANNAH, GA (FHA|USDA|VA) 84 $20,030,000 $238,452 $7,389 3.42%
    Outside of Metro Areas 82 $15,360,000 $187,317 $5,752 3.11%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 36 $9,080,000 $252,222 $5,619 3.10%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 27 $8,065,000 $298,704 $6,342 3.13%
    ALBANY, GA (FHA|USDA|VA) 39 $6,915,000 $177,308 $4,807 3.37%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 26 $6,860,000 $263,846 $7,511 3.28%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 20 $4,170,000 $208,500 $4,851 3.19%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 12 $3,940,000 $328,333 $6,207 3.23%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 15 $3,755,000 $250,333 $9,821 2.87%
    Thomaston, GA (FHA|USDA|VA) 20 $3,580,000 $179,000 $5,786 3.27%
    London, KY (FHA|USDA|VA) 18 $3,270,000 $181,667 $4,073 3.09%
    Dublin, GA (FHA|USDA|VA) 15 $3,105,000 $207,000 $6,511 3.35%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 11 $2,795,000 $254,091 $5,983 3.26%
    Jefferson, GA (FHA|USDA|VA) 9 $2,755,000 $306,111 $7,471 2.74%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 10 $2,550,000 $255,000 $8,064 2.81%
    Statesboro, GA (FHA|USDA|VA) 14 $2,470,000 $176,429 $5,808 3.47%
    Vidalia, GA (FHA|USDA|VA) 14 $2,240,000 $160,000 $4,962 3.28%
    FLORENCE, SC (FHA|USDA|VA) 16 $2,210,000 $138,125 $5,066 3.32%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 11 $2,185,000 $198,636 $5,774 3.38%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 9 $1,985,000 $220,556 $7,167 2.82%
    Douglas, GA (FHA|USDA|VA) 11 $1,885,000 $171,364 $6,020 3.06%
    JACKSONVILLE, FL (FHA|USDA|VA) 10 $1,830,000 $183,000 $6,276 3.05%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $1,725,000 $345,000 $5,725 3.08%
    COLUMBUS, OH (FHA|USDA|VA) 9 $1,695,000 $188,333 $8,416 2.83%
    PITTSBURGH, PA (FHA|USDA|VA) 10 $1,670,000 $167,000 $5,349 3.20%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $1,550,000 $193,750 $7,558 2.84%
    RALEIGH-CARY, NC (FHA|USDA|VA) 6 $1,450,000 $241,667 $8,740 2.93%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,335,000 $445,000 $12,021 3.12%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $1,285,000 $257,000 $6,134 3.10%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,270,000 $317,500 $6,888 2.88%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 6 $1,260,000 $210,000 $9,346 2.94%
    Orangeburg, SC (FHA|USDA|VA) 7 $1,235,000 $176,429 $5,235 3.43%
    HUNTSVILLE, AL (FHA|USDA|VA) 5 $1,195,000 $239,000 $7,871 3.02%
    OCALA, FL (FHA|USDA|VA) 5 $1,165,000 $233,000 $6,585 3.60%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 6 $1,160,000 $193,333 $7,062 3.08%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 6 $1,150,000 $191,667 $6,620 2.73%
    Georgetown, SC (FHA|USDA|VA) 7 $1,145,000 $163,571 $4,520 3.46%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 7 $1,135,000 $162,143 $6,701 2.86%
    THE VILLAGES, FL (FHA|USDA|VA) 5 $1,135,000 $227,000 $4,428 3.03%
    ROME, GA (FHA|USDA|VA) 5 $1,115,000 $223,000 $5,636 2.95%
    COLUMBUS, GA-AL (FHA|USDA|VA) 6 $1,070,000 $178,333 $5,381 2.88%
    RICHMOND, VA (FHA|USDA|VA) 5 $1,055,000 $211,000 $8,740 2.70%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5 $1,015,000 $203,000 $6,406 2.83%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $965,000 $193,000 $7,998 3.25%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $965,000 $193,000 $7,678 3.02%
    WARNER ROBINS, GA (FHA|USDA|VA) 4 $920,000 $230,000 $6,289 3.25%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $915,000 $183,000 $8,549 2.93%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $905,000 $181,000 $6,239 2.68%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $875,000 $291,667 $7,952 2.83%
    WINSTON-SALEM, NC (FHA|USDA|VA) 4 $870,000 $217,500 $11,514 2.66%
    SPARTANBURG, SC (FHA|USDA|VA) 4 $850,000 $212,500 $5,745 3.03%
    GAINESVILLE, GA (FHA|USDA|VA) 4 $820,000 $205,000 $5,123 2.90%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 5 $805,000 $161,000 $5,879 2.83%
    Americus, GA (FHA|USDA|VA) 4 $770,000 $192,500 $4,624 2.91%
    HINESVILLE, GA (FHA|USDA|VA) 4 $760,000 $190,000 $6,660 3.09%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $740,000 $185,000 $5,645 3.16%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $735,000 $245,000 $6,379 3.38%
    ROANOKE, VA (FHA|USDA|VA) 4 $730,000 $182,500 $6,773 3.06%
    DALTON, GA (FHA|USDA|VA) 5 $725,000 $145,000 $4,646 2.95%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $715,000 $238,333 $6,473 3.21%
    Albertville, AL (FHA|USDA|VA) 3 $675,000 $225,000 $7,879 3.08%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $655,000 $218,333 $7,618 2.67%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 3 $645,000 $215,000 $8,535 2.75%
    Cedartown, GA (FHA|USDA|VA) 3 $575,000 $191,667 $6,731 2.58%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $570,000 $285,000 $5,519 2.69%
    Crossville, TN (FHA|USDA|VA) 2 $530,000 $265,000 $8,520 2.38%
    JACKSONVILLE, NC (FHA|USDA|VA) 3 $525,000 $175,000 $6,678 3.25%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $525,000 $175,000 $7,656 3.00%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $525,000 $175,000 $5,332 2.92%
    HARRISONBURG, VA (FHA|USDA|VA) 2 $520,000 $260,000 $10,925 2.63%
    GADSDEN, AL (FHA|USDA|VA) 3 $505,000 $168,333 $7,343 3.00%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 3 $495,000 $165,000 $6,887 2.88%
    Calhoun, GA (FHA|USDA|VA) 2 $460,000 $230,000 $5,389 2.56%
    MOBILE, AL (FHA|USDA|VA) 3 $445,000 $148,333 $7,076 2.92%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $440,000 $220,000 $1,500 3.25%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 2 $440,000 $220,000 $4,659 3.31%
    Albemarle, NC (FHA|USDA|VA) 2 $430,000 $215,000 $9,963 2.94%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $420,000 $210,000 $9,089 2.75%
    LaGrange, GA-AL (FHA|USDA|VA) 3 $395,000 $131,667 $5,612 3.13%
    STAUNTON, VA (FHA|USDA|VA) 2 $390,000 $195,000 $6,374 2.56%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $380,000 $190,000 $3,574 3.50%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $380,000 $190,000 $3,727 3.19%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $360,000 $180,000 $8,088 3.13%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $345,000 $345,000 $4,713 3.49%
    DOTHAN, AL (FHA|USDA|VA) 2 $330,000 $165,000 $2,871 3.19%
    Enterprise, AL (FHA|USDA|VA) 1 $325,000 $325,000 $11,428 3.88%
    FAYETTEVILLE, NC (FHA|USDA|VA) 2 $320,000 $160,000 $6,871 3.63%
    Coshocton, OH (FHA|USDA|VA) 1 $315,000 $315,000 $15,427 2.63%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 2 $300,000 $150,000 $6,065 2.99%
    Tifton, GA (FHA|USDA|VA) 2 $290,000 $145,000 $4,050 3.00%
    TOLEDO, OH (FHA|USDA|VA) 2 $290,000 $145,000 $9,239 2.75%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $290,000 $145,000 $8,953 3.25%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $285,000 $285,000 $7,329 3.13%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $275,000 $275,000 $8,813 2.25%
    READING, PA (FHA|USDA|VA) 1 $275,000 $275,000 $8,757 3.25%
    Marion, OH (FHA|USDA|VA) 1 $265,000 $265,000 $8,067 3.00%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $265,000 $265,000 $10,604 2.13%
    New Castle, PA (FHA|USDA|VA) 2 $260,000 $130,000 $5,519 3.31%
    MANSFIELD, OH (FHA|USDA|VA) 2 $260,000 $130,000 $6,453 2.69%
    VALDOSTA, GA (FHA|USDA|VA) 1 $255,000 $255,000 $4,330 2.99%
    Somerset, KY (FHA|USDA|VA) 2 $250,000 $125,000 $3,331 3.06%
    Troy, AL (FHA|USDA|VA) 1 $245,000 $245,000 $5,267 2.75%
    St. Marys, GA (FHA|USDA|VA) 1 $245,000 $245,000 $6,583 3.00%
    Cornelia, GA (FHA|USDA|VA) 1 $235,000 $235,000 $8,223 2.88%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $225,000 $225,000 $4,332 3.25%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $215,000 $215,000 $5,878 2.50%
    Meadville, PA (FHA|USDA|VA) 1 $215,000 $215,000 $3,932 3.75%
    Thomasville, GA (FHA|USDA|VA) 1 $215,000 $215,000 $10,050 3.63%
    Henderson, NC (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.85%
    Richmond-Berea, KY (FHA|USDA|VA) 1 $205,000 $205,000 $4,092 3.25%
    Cullowhee, NC (FHA|USDA|VA) 1 $205,000 $205,000 $9,347 2.50%
    DECATUR, AL (FHA|USDA|VA) 1 $205,000 $205,000 $3,887 3.00%
    JACKSON, TN (FHA|USDA|VA) 1 $205,000 $205,000 $5,573 3.25%
    Summerville, GA (FHA|USDA|VA) 1 $185,000 $185,000 $8,167 3.13%
    Eufaula, AL-GA (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.38%
    Middlesborough, KY (FHA|USDA|VA) 1 $175,000 $175,000 $3,546 3.25%
    Bainbridge, GA (FHA|USDA|VA) 1 $165,000 $165,000 $3,901 2.75%
    Rockingham, NC (FHA|USDA|VA) 1 $165,000 $165,000 $10,663 1.88%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $165,000 $165,000 $7,013 2.88%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $155,000 $155,000 $5,356 2.75%
    LEBANON, PA (FHA|USDA|VA) 1 $155,000 $155,000 $6,594 3.13%
    BURLINGTON, NC (FHA|USDA|VA) 1 $155,000 $155,000 $6,389 2.75%
    Greenwood, SC (FHA|USDA|VA) 1 $155,000 $155,000 $5,625 3.88%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $155,000 $155,000 $3,766 2.88%
    Greeneville, TN (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.88%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $145,000 $145,000 $2,862 3.13%
    Forest City, NC (FHA|USDA|VA) 1 $145,000 $145,000 $8,976 3.25%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $145,000 $145,000 $8,222 2.38%
    Sandusky, OH (FHA|USDA|VA) 1 $145,000 $145,000 $4,683 2.88%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $145,000 $145,000 $6,343 3.38%
    LIMA, OH (FHA|USDA|VA) 1 $135,000 $135,000 $7,861 3.13%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $135,000 $135,000 $5,786 3.13%
    Kinston, NC (FHA|USDA|VA) 1 $135,000 $135,000 $7,047 2.13%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $135,000 $135,000 $6,734 2.75%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $135,000 $135,000 $5,945 2.75%
    Sevierville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $6,349 2.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $125,000 $125,000 $6,761 2.13%
    Martinsville, VA (FHA|USDA|VA) 1 $125,000 $125,000 $3,554 3.00%
    Cambridge, OH (FHA|USDA|VA) 1 $115,000 $115,000 $6,444 3.25%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $105,000 $105,000 $6,988 3.00%
    Palatka, FL (FHA|USDA|VA) 1 $95,000 $95,000 $5,692 5.13%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $85,000 $85,000 $7,184 2.75%
    Southpoint Financial Services's top markets include Atlanta, Orlando, Savannah, Pensacola, and Tampa among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • 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.

    HARVESTERS FEDERAL CREDIT UNION
    Similarity Rank: 210
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 228
    GEOVISTA
    Similarity Rank: 236
    Forcht Bank
    Similarity Rank: 242
    Community Trust Bank, Inc.
    Similarity Rank: 295
    Eglin Federal Credit Union
    Similarity Rank: 296
    Emory Alliance Credit Union
    Similarity Rank: 305
    Gulf Winds Credit Union
    Similarity Rank: 324
    KELLEY MORTGAGE, LLC
    Similarity Rank: 336
    Commercial Bank
    Similarity Rank: 357

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 668 $155,850,000 $233,308 $5,954 3.16%
    FHA 438 $97,800,000 $223,288 $8,365 3.13%
    VA 93 $25,675,000 $276,075 $7,101 2.99%
    USDA 79 $12,795,000 $161,962 $4,327 3.09%

    For 2021, Southpoint Financial Services's most frequently originated type of loan was Conventional, with 668 originations. Their 2nd most popular type was FHA, with 438 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 651 $158,195,000 $243,003 $6,351 3.25%
    Cash Out Refi 334 $70,700,000 $211,677 $7,458 3.09%
    Refi 293 $63,225,000 $215,785 $6,898 2.91%

    For 2021, Southpoint Financial Services's most frequently cited loan purpose was Home Purchase, with 651 originations. The 2nd most popular reason was Cash Out Refi, with 334 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,175 $272,525,000 $231,936 $6,824 3.17%
    15 Year 56 $10,280,000 $183,571 $5,914 2.59%
    20 Year 32 $6,280,000 $196,250 $6,405 2.75%
    Other 11 $2,265,000 $205,909 $6,643 2.98%
    10 Year 4 $770,000 $192,500 $6,745 2.66%

    For 2021, Southpoint Financial Services's most frequently cited loan duration was 30 Year, with 1,175 originations. The 2nd most popular length was 15 Year, with 56 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 246 $69,190,000 $281,260
    $3k-4k 200 $41,240,000 $206,200
    $4k-5k 172 $40,030,000 $232,733
    $2k-3k 158 $27,510,000 $174,114
    $1k-2k 156 $34,100,000 $218,590
    $<1k 141 $32,855,000 $233,014

    Southpoint Financial Services's average total fees were $6,824, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 246 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 664 $150,600,000 $226,807
    2.5-3% 438 $98,080,000 $223,927
    <2.5% 138 $32,770,000 $237,464
    4-5% 37 $10,575,000 $285,811
    5-6% 1 $95,000 $95,000

    During 2021, Southpoint Financial Services's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 3-4%, with 664 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 604 $164,870,000 $272,964 $7,868 3.14%
    $100k-200k 542 $84,430,000 $155,775 $5,667 3.10%
    $400k-600k 78 $35,850,000 $459,615 $7,615 3.24%
    $100,000 or less 51 $4,155,000 $81,471 $3,466 3.27%
    $600k-1MM 2 $1,530,000 $765,000 $20,989 2.25%
    $1MM+ 1 $1,285,000 $1,285,000 $9,572 2.88%

    2021 saw Southpoint Financial Services place emphasis on $200k-400k loans with 604 originations, totaling $164,870,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 447 $94,555,000 $211,532 $6,855 3.16%
    $50k or less 314 $51,550,000 $164,172 $5,800 3.06%
    $75k-100k 218 $55,290,000 $253,624 $7,279 3.16%
    $100k-150k 196 $54,360,000 $277,347 $7,680 3.16%
    $150k-250k 84 $28,870,000 $343,690 $6,534 3.13%
    $250k+ 16 $6,730,000 $420,625 $6,676 3.02%

    Southpoint Financial Services lent most frequently to those with incomes in the $50k-75k range, with 447 originations. The second most popular income band? $50k or less, with 314 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 230 $53,170,000 $231,174 $6,532 3.12%
    30-36% 224 $51,160,000 $228,393 $6,321 3.13%
    50-60% 136 $31,000,000 $227,941 $8,409 3.06%
    <20% 63 $11,455,000 $181,825 $5,488 2.95%
    41% 50 $11,750,000 $235,000 $7,312 3.12%
    38% 48 $10,960,000 $228,333 $5,355 3.22%
    44% 47 $10,655,000 $226,702 $6,538 3.20%
    37% 47 $9,615,000 $204,574 $5,995 3.18%
    46% 46 $11,850,000 $257,609 $7,854 3.22%
    48% 46 $11,520,000 $250,435 $7,432 3.15%
    43% 46 $9,910,000 $215,435 $6,837 3.21%
    42% 45 $10,745,000 $238,778 $6,510 3.11%
    45% 45 $10,665,000 $237,000 $7,929 3.23%
    47% 42 $10,380,000 $247,143 $7,299 3.22%
    40% 41 $9,205,000 $224,512 $6,002 3.17%
    39% 38 $8,140,000 $214,211 $6,946 3.19%
    36% 38 $8,830,000 $232,368 $5,638 3.16%
    49% 27 $6,625,000 $245,370 $7,548 3.06%
    >60% 3 $775,000 $258,333 $12,780 4.13%

    Southpoint Financial Services lent most frequently to those with DTI ratios of 20-30%, with 230 originations. The next most common DTI ratio? 30-36%, with 224 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 845 $193,855,000 $229,414 $6,441 3.07%
    Black 375 $84,745,000 $225,987 $7,439 3.26%
    Asian 35 $8,275,000 $236,429 $7,607 3.26%
    Not provided 19 $4,375,000 $230,263 $6,599 3.05%
    Native Hawaiian or Islander 3 $655,000 $218,333 $7,077 2.79%
    American Indian 1 $215,000 $215,000 $9,358 2.99%

    Approval Rates

    Total approvals of all applications
    98.93%

    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 origination
    70.19%

    Southpoint Financial Services has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $365,000 $365,000
    NA 1,277 $291,755,000 $228,469

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,278 $292,120,000 $228,576

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $3,480,000 $145,000 $5,022 2.85%
    40-60% 116 $21,180,000 $182,586 $5,319 2.90%
    60-80% 398 $89,880,000 $225,829 $7,167 3.10%
    80-100% 723 $173,225,000 $239,592 $6,832 3.20%
    Over 100% 15 $3,935,000 $262,333 $7,651 2.86%
    Under 20% 1 $125,000 $125,000 $3,507 2.75%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    SOUTHPOINT FINANCIAL SERVICES, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%