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 and Cash Out Refi loans. They have a a high proportion of FHA loans. Southpoint Financial Services has a high proportion of conventional 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, Pensacola, Savannah, Miami, and Orlando among others. We have data for 114 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.85% | 4/14/24 |
| 30 Year Conventional Refi | 6.88% | 4/14/24 |
| 30 Year Cash-out Refi | 7.00% | 4/14/24 |
| 30 Year FHA Purchase | 7.50% | 4/14/24 |
| 30 Year FHA Refi | 7.65% | 4/14/24 |
| 30 Year VA Purchase | 6.42% | 4/14/24 |
| 30 Year USDA Purchase | 6.99% | 4/14/24 |
| 30 Year USDA Refi | 5.94% | 4/14/24 |
| 15 Year Conventional Purchase | 5.20% | 4/14/24 |
| 15 Year Conventional Refi | 5.90% | 4/14/24 |
| 15 Year Cash-out Refi | 5.90% | 4/14/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
718Origination Dollar Volume (All Markets)
$128,930,000Awards
SOUTHPOINT FINANCIAL SERVICES - 2018
SOUTHPOINT FINANCIAL SERVICES is a 2018 , due to their low .
For 2018, 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 145 | $29,165,000 | $201,138 | $5,620 | 4.94% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 44 | $8,720,000 | $198,182 | $4,612 | 4.77% |
| Outside of Metro Areas | 58 | $8,480,000 | $146,207 | $4,712 | 5.01% |
| SAVANNAH, GA (FHA|USDA|VA) | 47 | $7,365,000 | $156,702 | $4,014 | 5.36% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 20 | $5,330,000 | $266,500 | $9,659 | 4.78% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 25 | $5,015,000 | $200,600 | $7,825 | 5.10% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 22 | $4,460,000 | $202,727 | $7,726 | 5.20% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 16 | $3,990,000 | $249,375 | $7,293 | 4.92% |
| Greenwood, SC (FHA|USDA|VA) | 23 | $2,545,000 | $110,652 | $3,463 | 5.16% |
| Douglas, GA (FHA|USDA|VA) | 14 | $2,220,000 | $158,571 | $5,589 | 4.82% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $2,145,000 | $238,333 | $8,406 | 4.85% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $1,980,000 | $198,000 | $5,794 | 5.03% |
| Statesboro, GA (FHA|USDA|VA) | 11 | $1,935,000 | $175,909 | $3,664 | 5.26% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 8 | $1,880,000 | $235,000 | $5,149 | 4.89% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 7 | $1,855,000 | $265,000 | $7,636 | 4.55% |
| FLORENCE, SC (FHA|USDA|VA) | 19 | $1,825,000 | $96,053 | $3,423 | 5.13% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 8 | $1,740,000 | $217,500 | $8,167 | 4.67% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 10 | $1,650,000 | $165,000 | $5,396 | 4.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 7 | $1,545,000 | $220,714 | $7,193 | 4.86% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $1,500,000 | $187,500 | $9,436 | 4.33% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 8 | $1,480,000 | $185,000 | $6,850 | 4.83% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 9 | $1,425,000 | $158,333 | $4,594 | 4.85% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $1,285,000 | $257,000 | $7,377 | 4.60% |
| London, KY (FHA|USDA|VA) | 11 | $1,205,000 | $109,545 | $2,947 | 4.90% |
| Georgetown, SC (FHA|USDA|VA) | 10 | $1,200,000 | $120,000 | $1,852 | 5.28% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $5,936 | 4.72% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $5,321 | 4.65% |
| Thomaston, GA (FHA|USDA|VA) | 10 | $980,000 | $98,000 | $3,283 | 5.04% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $7,154 | 4.46% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $8,154 | 4.44% |
| Dublin, GA (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $4,457 | 4.33% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $7,983 | 4.41% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $8,032 | 4.83% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $8,380 | 4.83% |
| Orangeburg, SC (FHA|USDA|VA) | 5 | $555,000 | $111,000 | $2,664 | 5.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $9,107 | 5.13% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $3,401 | 4.96% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $6,014 | 4.63% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $8,007 | 4.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $7,831 | 4.46% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $6,495 | 4.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,671 | 4.94% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,859 | 4.50% |
| OCALA, FL (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $6,244 | 4.79% |
| Athens, TN (FHA|USDA|VA) | 5 | $435,000 | $87,000 | $4,080 | 4.93% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $9,921 | 4.56% |
| Somerset, KY (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,223 | 4.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $5,367 | 5.29% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $10,414 | 3.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,520 | 4.94% |
| MANSFIELD, OH (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,336 | 4.63% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $7,512 | 4.25% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,336 | 4.31% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $9,024 | 4.94% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $7,315 | 4.00% |
| North Wilkesboro, NC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,725 | 4.63% |
| Levelland, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,629 | 5.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $6,053 | 4.44% |
| ALBANY, GA (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $1,934 | 5.38% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,113 | 5.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,261 | 4.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,499 | 4.94% |
| Richmond-Berea, KY (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,593 | 4.69% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,971 | 4.81% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $7,343 | 4.38% |
| SUMTER, SC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $6,905 | 5.56% |
| Palestine, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,334 | 4.25% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,298 | 4.75% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,321 | 5.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $5,316 | 4.38% |
| Crossville, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,264 | 4.25% |
| Americus, GA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,991 | 4.44% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,834 | 4.25% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,334 | 5.75% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,650 | 4.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,241 | 4.63% |
| Palatka, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,007 | 4.38% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,468 | 4.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,634 | 4.63% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,407 | 5.50% |
| Tifton, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,730 | 5.50% |
| READING, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $11,390 | 3.75% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,221 | 4.75% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,027 | 4.88% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,794 | 5.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,079 | 4.63% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,694 | 4.75% |
| Washington, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,717 | 4.25% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,116 | 4.00% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,200 | 5.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,930 | 4.50% |
| Dayton, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,534 | 4.63% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,799 | 5.38% |
| Sanford, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,566 | 4.75% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,334 | 4.13% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,623 | 4.88% |
| WACO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,633 | 4.50% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $10,524 | 4.25% |
| ROME, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,446 | 4.50% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,209 | 4.88% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,204 | 3.88% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,290 | 5.13% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,794 | 4.50% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,524 | 4.63% |
| Summerville, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,939 | 4.13% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,184 | 5.50% |
| Marietta, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,742 | 5.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,100 | 4.38% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,249 | 4.25% |
| Forest City, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,647 | 4.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,111 | 5.25% |
| Cullman, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,551 | 4.63% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,435 | 4.38% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,894 | 4.50% |
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Product Mix
For 2018, Southpoint Financial Services's most frequently originated type of loan was FHA, with 317 originations. Their 2nd most popular type was Conventional, with 248 originations.
Loan Reason
For 2018, Southpoint Financial Services's most frequently cited loan purpose was Home Purchase, with 359 originations. The 2nd most popular reason was Cash Out Refi, with 254 originations.
Loan Duration/Length
For 2018, Southpoint Financial Services's most frequently cited loan duration was 30 Year, with 669 originations. The 2nd most popular length was 15 Year, with 23 originations.
Origination Fees/Closing Costs
Southpoint Financial Services's average total fees were $5,621, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 186 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 385 | $71,155,000 | $184,818 |
| 5-6% | 290 | $49,720,000 | $171,448 |
| 3-4% | 37 | $7,435,000 | $200,946 |
| 6-7% | 5 | $545,000 | $109,000 |
During 2018, Southpoint Financial Services's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 385 originations.
Loan Sizing
2018 saw Southpoint Financial Services place emphasis on $100k-200k loans with 403 originations, totaling $60,015,000 in origination value.
Applicant Income
Southpoint Financial Services lent most frequently to those with incomes in the $50k or less range, with 248 originations. The second most popular income band? $50k-75k, with 234 originations.
Applicant Debt to Income Ratio
Southpoint Financial Services lent most frequently to those with DTI ratios of 50-60%, with 109 originations. The next most common DTI ratio? 30-36%, with 100 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.15%
Southpoint Financial Services has an average approval rate.
Pick Rate
Approvals leading to origination64.07%
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 | 718 | $128,930,000 | $179,568 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 718 | $128,930,000 | $179,568 |