Southpoint Financial Services Mortgage Rates, Fees & Info
Lawrenceville, GALEI: 549300XXIJ7WMGY22535
Tax ID: 58-2363251
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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 a high 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, Savannah, Orlando, Tampa, and Hinesville among others. We have data for 109 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 relatively high 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 | 6.85% | 4/20/24 |
| 30 Year Conventional Refi | 6.88% | 4/20/24 |
| 30 Year Cash-out Refi | 7.00% | 4/20/24 |
| 30 Year FHA Purchase | 7.50% | 4/20/24 |
| 30 Year FHA Refi | 7.65% | 4/20/24 |
| 30 Year VA Purchase | 6.42% | 4/20/24 |
| 30 Year USDA Purchase | 6.99% | 4/20/24 |
| 30 Year USDA Refi | 5.94% | 4/20/24 |
| 15 Year Conventional Purchase | 5.20% | 4/20/24 |
| 15 Year Conventional Refi | 5.90% | 4/20/24 |
| 15 Year Cash-out Refi | 5.90% | 4/20/24 |
| 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. | ||
Southpoint Financial Services Mortgage Calculator
Your Estimates
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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
623Origination Dollar Volume (All Markets)
$170,915,000Awards
SOUTHPOINT FINANCIAL SERVICES - 2023
SOUTHPOINT FINANCIAL SERVICES is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Southpoint Financial Services's average 30 year fixed mortgage rate was
6.76%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.28%.
Relative Fees (Closing Costs)
Southpoint Financial Services's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,405.
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 $9,089.
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) | 208 | $68,050,000 | $327,163 | $9,076 | 6.62% |
| SAVANNAH, GA (FHA|USDA|VA) | 52 | $14,920,000 | $286,923 | $9,494 | 7.18% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 34 | $11,420,000 | $335,882 | $8,497 | 7.03% |
| Outside of Metro Areas | 32 | $5,450,000 | $170,313 | $5,215 | 6.74% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 15 | $5,435,000 | $362,333 | $9,808 | 6.94% |
| HINESVILLE, GA (FHA|USDA|VA) | 11 | $3,065,000 | $278,636 | $8,610 | 7.00% |
| ALBANY, GA (FHA|USDA|VA) | 14 | $2,920,000 | $208,571 | $7,779 | 7.09% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 9 | $2,745,000 | $305,000 | $7,947 | 6.50% |
| Natchitoches, LA (FHA|USDA|VA) | 10 | $2,440,000 | $244,000 | $5,034 | 6.81% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 10 | $2,410,000 | $241,000 | $6,966 | 6.88% |
| Thomaston, GA (FHA|USDA|VA) | 13 | $2,305,000 | $177,308 | $5,287 | 6.74% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 8 | $2,100,000 | $262,500 | $7,535 | 6.95% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 6 | $2,040,000 | $340,000 | $9,733 | 6.56% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $2,000,000 | $333,333 | $8,677 | 6.88% |
| ERIE, PA (FHA|USDA|VA) | 10 | $1,750,000 | $175,000 | $7,646 | 6.55% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $1,675,000 | $335,000 | $8,888 | 6.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 9 | $1,595,000 | $177,222 | $6,372 | 6.35% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 4 | $1,550,000 | $387,500 | $6,041 | 6.38% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 5 | $1,545,000 | $309,000 | $9,086 | 6.75% |
| GAINESVILLE, GA (FHA|USDA|VA) | 4 | $1,500,000 | $375,000 | $12,078 | 5.91% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $11,352 | 7.05% |
| Douglas, GA (FHA|USDA|VA) | 8 | $1,400,000 | $175,000 | $5,716 | 6.72% |
| LAFAYETTE, LA (FHA|USDA|VA) | 7 | $1,315,000 | $187,857 | $4,108 | 6.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $19,157 | 7.04% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $10,243 | 6.69% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $16,515 | 6.88% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $11,450 | 6.50% |
| Orangeburg, SC (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $8,334 | 7.58% |
| Moultrie, GA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $7,738 | 6.63% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $17,810 | 5.69% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $10,990 | 6.46% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $6,005 | 6.50% |
| ROME, GA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $7,903 | 7.50% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $10,552 | 7.06% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $12,814 | 7.19% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $17,050 | 5.87% |
| Meadville, PA (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $3,391 | 6.50% |
| Calhoun, GA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $6,885 | 4.88% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $6,512 | 7.08% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $14,930 | 6.00% |
| Somerset, KY (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $6,282 | 6.33% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $9,221 | 6.25% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $9,353 | 6.71% |
| Indiana, PA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $6,069 | 6.38% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $6,722 | 7.21% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,763 | 7.13% |
| FLORENCE, SC (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $5,040 | 7.17% |
| Statesboro, GA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $9,165 | 6.50% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,157 | 6.38% |
| Jesup, GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $7,999 | 7.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $8,729 | 7.06% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,380 | 7.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $10,406 | 7.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $11,030 | 6.63% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $7,319 | 6.00% |
| Crossville, TN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $13,800 | 6.63% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $12,152 | 6.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $1,210 | 6.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $13,513 | 6.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,970 | 5.25% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,077 | 6.63% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $13,489 | 6.13% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,264 | 7.00% |
| Sanford, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,372 | 6.75% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $20,030 | 6.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $12,437 | 7.44% |
| Morgan City, LA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,143 | 6.56% |
| OCALA, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $16,673 | 6.50% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,973 | 7.25% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,582 | 7.50% |
| Dublin, GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,977 | 6.43% |
| AKRON, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,561 | 6.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $15,479 | 7.25% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,789 | 6.75% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,037 | 7.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,891 | 7.50% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $13,400 | 7.25% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,349 | 5.75% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,927 | 5.75% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,265 | 6.88% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $14,110 | 6.38% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,177 | 6.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,304 | 7.13% |
| Americus, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,756 | 6.75% |
| Newberry, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,476 | 7.63% |
| Athens, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $13,915 | 6.75% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,017 | 7.25% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,255 | 6.13% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,796 | 7.25% |
| Tifton, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,715 | 7.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $12,150 | 6.75% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,513 | 6.99% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,812 | 7.25% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $11,997 | 6.38% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,051 | 5.00% |
| Kinston, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,973 | 6.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,149 | 6.99% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,595 | 7.88% |
| MONROE, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $10,020 | 7.13% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,627 | 7.25% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $8,838 | 6.75% |
| Central City, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $8,722 | 7.63% |
| Fremont, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,510 | 7.25% |
| Cordele, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,810 | 7.99% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,849 | 7.38% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,903 | 6.25% |
| Shelby, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $7,835 | 7.38% |
| DuBois, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,111 | 6.50% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,957 | 5.50% |
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Product Mix
For 2023, Southpoint Financial Services's most frequently originated type of loan was FHA, with 321 originations. Their 2nd most popular type was Conventional, with 199 originations.
Loan Reason
For 2023, Southpoint Financial Services's most frequently cited loan purpose was Home Purchase, with 510 originations. The 2nd most popular reason was Cash Out Refi, with 101 originations.
Loan Duration/Length
For 2023, Southpoint Financial Services's most frequently cited loan duration was 30 Year, with 611 originations. The 2nd most popular length was 15 Year, with 7 originations.
Origination Fees/Closing Costs
Southpoint Financial Services's average total fees were $8,405, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 185 originations.
Interest Rates
During 2023, Southpoint Financial Services's average interest rate for loans was 6.76%, while their most frequently originated rate bucket for loans was 6-7%, with 283 originations.
Loan Sizing
2023 saw Southpoint Financial Services place emphasis on $200k-400k loans with 320 originations, totaling $91,760,000 in origination value.
Applicant Income
Southpoint Financial Services lent most frequently to those with incomes in the $50k-75k range, with 162 originations. The second most popular income band? $100k-150k, with 150 originations.
Applicant Debt to Income Ratio
Southpoint Financial Services lent most frequently to those with DTI ratios of 50-60%, with 104 originations. The next most common DTI ratio? 30-36%, with 73 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.75%
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 origination22.15%
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 | 623 | $170,915,000 | $274,342 |