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 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, Pensacola, Houston, Savannah, and Orlando among others. We have data for 118 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
1,049Origination Dollar Volume (All Markets)
$207,435,000Awards
SOUTHPOINT FINANCIAL SERVICES - 2019
SOUTHPOINT FINANCIAL SERVICES is a 2019 , due to their low .
For 2019, 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) | 369 | $76,185,000 | $206,463 | $5,751 | 4.52% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 49 | $10,555,000 | $215,408 | $5,884 | 4.34% |
| Outside of Metro Areas | 60 | $9,100,000 | $151,667 | $4,924 | 4.65% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 27 | $7,465,000 | $276,481 | $6,112 | 4.69% |
| SAVANNAH, GA (FHA|USDA|VA) | 37 | $7,085,000 | $191,486 | $4,583 | 5.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 27 | $6,215,000 | $230,185 | $8,412 | 4.90% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 22 | $5,860,000 | $266,364 | $10,122 | 4.97% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 19 | $4,795,000 | $252,368 | $11,360 | 3.94% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 16 | $4,200,000 | $262,500 | $11,185 | 4.05% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 15 | $3,295,000 | $219,667 | $10,015 | 3.79% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 15 | $3,205,000 | $213,667 | $6,716 | 4.56% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $3,120,000 | $260,000 | $10,303 | 4.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 12 | $2,670,000 | $222,500 | $5,722 | 4.52% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 9 | $2,285,000 | $253,889 | $11,271 | 3.40% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 12 | $2,230,000 | $185,833 | $7,266 | 4.23% |
| Orangeburg, SC (FHA|USDA|VA) | 16 | $2,230,000 | $139,375 | $3,688 | 4.66% |
| London, KY (FHA|USDA|VA) | 17 | $2,225,000 | $130,882 | $3,117 | 4.24% |
| Jefferson, GA (FHA|USDA|VA) | 9 | $2,115,000 | $235,000 | $5,131 | 4.08% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 15 | $2,005,000 | $133,667 | $6,603 | 4.77% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $1,880,000 | $313,333 | $11,554 | 3.56% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 9 | $1,845,000 | $205,000 | $8,370 | 3.89% |
| ALBANY, GA (FHA|USDA|VA) | 14 | $1,830,000 | $130,714 | $2,953 | 4.79% |
| OCALA, FL (FHA|USDA|VA) | 11 | $1,795,000 | $163,182 | $6,132 | 4.70% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 8 | $1,660,000 | $207,500 | $5,836 | 4.66% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $1,595,000 | $227,857 | $5,767 | 4.66% |
| FLORENCE, SC (FHA|USDA|VA) | 13 | $1,425,000 | $109,615 | $3,904 | 4.86% |
| Somerset, KY (FHA|USDA|VA) | 10 | $1,370,000 | $137,000 | $4,299 | 4.39% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $6,240 | 3.65% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 7 | $1,225,000 | $175,000 | $5,451 | 3.89% |
| GAINESVILLE, GA (FHA|USDA|VA) | 6 | $1,200,000 | $200,000 | $4,566 | 4.02% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 6 | $1,140,000 | $190,000 | $4,693 | 4.54% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $9,122 | 3.96% |
| RICHMOND, VA (FHA|USDA|VA) | 5 | $985,000 | $197,000 | $7,111 | 4.04% |
| Statesboro, GA (FHA|USDA|VA) | 7 | $965,000 | $137,857 | $2,833 | 5.30% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $10,533 | 4.21% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $6,212 | 4.25% |
| HINESVILLE, GA (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $3,492 | 5.10% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $8,699 | 3.73% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $9,627 | 3.97% |
| Georgetown, SC (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $2,559 | 4.28% |
| Thomaston, GA (FHA|USDA|VA) | 8 | $700,000 | $87,500 | $2,786 | 4.72% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $7,575 | 3.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $8,116 | 3.88% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $6,880 | 4.63% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $10,896 | 4.63% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $10,018 | 6.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $13,187 | 3.13% |
| Dublin, GA (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $3,487 | 4.40% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $9,540 | 3.71% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $6,314 | 4.81% |
| Americus, GA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $5,022 | 3.88% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 5 | $555,000 | $111,000 | $4,120 | 4.43% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $9,064 | 4.50% |
| LOUISVILLE, KY (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $6,890 | 4.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $11,142 | 3.92% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $3,266 | 4.69% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $7,122 | 4.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $7,181 | 3.84% |
| ERIE, PA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $10,942 | 4.13% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $4,359 | 5.44% |
| ROANOKE, VA (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $5,908 | 3.33% |
| St. Marys, GA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,785 | 4.19% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $9,395 | 4.06% |
| READING, PA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $14,509 | 3.50% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $11,109 | 3.50% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,677 | 4.25% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,657 | 4.19% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $8,332 | 3.63% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,922 | 4.69% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,394 | 4.88% |
| Forest City, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $11,262 | 3.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,944 | 4.13% |
| Douglas, GA (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $4,016 | 4.96% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,208 | 4.50% |
| Jasper, AL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $7,547 | 4.19% |
| Greeneville, TN (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $1,946 | 4.69% |
| DECATUR, AL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,180 | 3.50% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $9,002 | 4.06% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $13,267 | 3.38% |
| Cedartown, GA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $6,084 | 3.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,150 | 4.38% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.38% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,990 | 3.88% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,581 | 5.00% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,597 | 3.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,398 | 3.56% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,012 | 3.88% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,822 | 3.88% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,643 | 2.75% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,818 | 4.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,165 | 3.38% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,113 | 3.25% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $11,260 | 3.25% |
| Danville, KY (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $1,082 | 4.56% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,828 | 3.25% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,584 | 3.00% |
| Crossville, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,836 | 3.25% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $11,083 | 4.25% |
| Key West, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,694 | 3.50% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,210 | 4.75% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $10,702 | 3.38% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,756 | 5.50% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,179 | 4.88% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,085 | 4.75% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $10,024 | 3.38% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $1,458 | 6.63% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,721 | 4.25% |
| Danville, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,709 | 3.75% |
| Ozark, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $9,334 | 3.63% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,877 | 3.38% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,330 | 3.50% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,308 | 3.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,417 | 5.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,332 | 4.88% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,347 | 3.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $2,543 | 6.56% |
| Albertville, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,130 | 4.50% |
| Fitzgerald, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $869 | 4.00% |
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Product Mix
For 2019, Southpoint Financial Services's most frequently originated type of loan was FHA, with 521 originations. Their 2nd most popular type was Conventional, with 320 originations.
Loan Reason
For 2019, Southpoint Financial Services's most frequently cited loan purpose was Home Purchase, with 669 originations. The 2nd most popular reason was Cash Out Refi, with 244 originations.
Loan Duration/Length
For 2019, Southpoint Financial Services's most frequently cited loan duration was 30 Year, with 976 originations. The 2nd most popular length was 15 Year, with 28 originations.
Origination Fees/Closing Costs
Southpoint Financial Services's average total fees were $6,399, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 183 originations.
Interest Rates
During 2019, Southpoint Financial Services's average interest rate for loans was 4.40%, while their most frequently originated rate bucket for loans was 4-5%, with 391 originations.
Loan Sizing
2019 saw Southpoint Financial Services place emphasis on $100k-200k loans with 510 originations, totaling $77,390,000 in origination value.
Applicant Income
Southpoint Financial Services lent most frequently to those with incomes in the $50k-75k range, with 345 originations. The second most popular income band? $50k or less, with 327 originations.
Applicant Debt to Income Ratio
Southpoint Financial Services lent most frequently to those with DTI ratios of 30-36%, with 146 originations. The next most common DTI ratio? 20-30%, with 139 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.23%
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 origination49.86%
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 | 1,049 | $207,435,000 | $197,745 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 4 | $360,000 | $90,000 |
| Single Family (1-4 Units):Site-Built | 1,045 | $207,075,000 | $198,158 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SOUTHPOINT FINANCIAL SERVICES, INC. | FHA mortgage | Trouble during payment process | 1 | 100.0% |