Southpoint Financial Services Mortgage Rates, Fees & Info
Lawrenceville, GALEI: 549300XXIJ7WMGY22535
Tax ID: 58-2363251
Latest/2023 | 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 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. Their top markets by origination volume include: Atlanta, Savannah, Orlando, Tampa, and Nashville among others. We have data for 124 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 | 6.85% | 12/3/24 |
| 30 Year Conventional Refi | 6.88% | 12/3/24 |
| 30 Year Cash-out Refi | 7.00% | 12/3/24 |
| 30 Year FHA Purchase | 7.50% | 12/3/24 |
| 30 Year FHA Refi | 7.65% | 12/3/24 |
| 30 Year VA Purchase | 6.42% | 12/3/24 |
| 30 Year USDA Purchase | 6.99% | 12/3/24 |
| 30 Year USDA Refi | 5.94% | 12/3/24 |
| 15 Year Conventional Purchase | 5.20% | 12/3/24 |
| 15 Year Conventional Refi | 5.90% | 12/3/24 |
| 15 Year Cash-out Refi | 5.90% | 12/3/24 |
| 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
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
693Origination Dollar Volume (All Markets)
$184,845,000Awards
SOUTHPOINT FINANCIAL SERVICES - 2022
SOUTHPOINT FINANCIAL SERVICES is a 2022 , due to their low .
For 2022, 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.
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) | 223 | $68,215,000 | $305,897 | $10,744 | 4.93% |
| SAVANNAH, GA (FHA|USDA|VA) | 43 | $12,425,000 | $288,953 | $12,761 | 5.61% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 30 | $9,700,000 | $323,333 | $11,856 | 5.20% |
| Outside of Metro Areas | 42 | $8,660,000 | $206,190 | $9,017 | 5.17% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 19 | $5,025,000 | $264,474 | $10,453 | 4.97% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 16 | $4,870,000 | $304,375 | $11,073 | 5.30% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 16 | $4,610,000 | $288,125 | $10,846 | 4.99% |
| ERIE, PA (FHA|USDA|VA) | 20 | $4,270,000 | $213,500 | $7,563 | 5.41% |
| ALBANY, GA (FHA|USDA|VA) | 21 | $4,205,000 | $200,238 | $5,701 | 5.05% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 9 | $2,405,000 | $267,222 | $8,003 | 5.37% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 5 | $2,305,000 | $461,000 | $12,381 | 4.72% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 9 | $2,265,000 | $251,667 | $15,312 | 4.85% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $2,235,000 | $319,286 | $11,792 | 4.86% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 7 | $1,985,000 | $283,571 | $12,001 | 4.93% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $1,845,000 | $369,000 | $11,368 | 4.82% |
| Jefferson, GA (FHA|USDA|VA) | 5 | $1,525,000 | $305,000 | $8,920 | 5.23% |
| Thomaston, GA (FHA|USDA|VA) | 8 | $1,420,000 | $177,500 | $4,940 | 4.87% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $16,195 | 4.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $9,764 | 4.94% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $20,615 | 4.06% |
| HINESVILLE, GA (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $12,739 | 5.31% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $7,363 | 4.91% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $13,667 | 5.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $8,441 | 4.75% |
| FLORENCE, SC (FHA|USDA|VA) | 7 | $935,000 | $133,571 | $4,668 | 4.43% |
| Somerset, KY (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $4,660 | 4.48% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $9,555 | 5.53% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $8,601 | 4.87% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $21,757 | 5.31% |
| Georgetown, SC (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $5,379 | 4.45% |
| Douglas, GA (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $7,998 | 5.35% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $14,383 | 4.33% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $6,994 | 4.46% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $10,419 | 4.83% |
| MOBILE, AL (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $8,591 | 5.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $5,600 | 4.25% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $14,332 | 4.79% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $8,097 | 3.94% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $11,838 | 4.58% |
| Orangeburg, SC (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $9,066 | 4.59% |
| Dublin, GA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $6,739 | 5.21% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $9,979 | 5.04% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $7,239 | 4.06% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $4,672 | 5.21% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $9,694 | 4.59% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $10,894 | 3.44% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $14,494 | 6.19% |
| Vidalia, GA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $7,989 | 4.63% |
| London, KY (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $4,334 | 4.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $11,005 | 6.04% |
| OCALA, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $8,705 | 5.00% |
| ROME, GA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,318 | 5.19% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $6,263 | 4.08% |
| Meadville, PA (FHA|USDA|VA) | 5 | $505,000 | $101,000 | $2,438 | 5.68% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $16,487 | 3.94% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $10,501 | 4.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,951 | 5.71% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $9,084 | 5.88% |
| AKRON, OH (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $15,095 | 3.49% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $10,317 | 4.69% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $20,443 | 6.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $14,778 | 6.63% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $22,305 | 6.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $11,426 | 4.50% |
| Forest City, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $14,141 | 7.50% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $24,116 | 4.75% |
| DALTON, GA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $10,226 | 4.19% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $9,877 | 4.56% |
| Albertville, AL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $7,523 | 5.19% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $7,542 | 6.25% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $10,896 | 5.19% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $13,289 | 3.13% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $23,144 | 5.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $19,596 | 5.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $9,052 | 4.25% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $13,265 | 3.50% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $21,665 | 2.25% |
| Cordele, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $12,599 | 4.88% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,845 | 6.13% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $17,858 | 5.38% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $18,758 | 5.75% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,362 | 2.75% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $15,899 | 4.50% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,425 | 4.88% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $13,331 | 3.50% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,351 | 5.99% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $14,375 | 3.25% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $14,842 | 5.50% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $11,472 | 3.75% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,159 | 4.00% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $13,166 | 2.75% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,800 | 5.63% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,886 | 6.25% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,637 | 4.88% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $16,082 | 5.63% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,570 | 7.25% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,711 | 6.62% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,411 | 3.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $14,873 | 3.50% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $13,599 | 2.88% |
| Martin, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,175 | 3.38% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,413 | 4.63% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,137 | 4.75% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,812 | 3.99% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,220 | 4.75% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,745 | 9.88% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $13,233 | 6.13% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $15,488 | 5.75% |
| Atmore, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,003 | 4.75% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,439 | 5.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,060 | 4.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,100 | 5.00% |
| Ozark, AL (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $5,512 | 5.13% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,917 | 4.75% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,660 | 4.63% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,010 | 6.38% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,587 | 4.00% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,342 | 5.25% |
| Athens, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,366 | 4.50% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,859 | 6.25% |
| Athens, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,458 | 5.38% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,630 | 4.99% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,088 | 4.25% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,328 | 4.75% |
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: 40
Similarity Rank: 80
Similarity Rank: 114
Similarity Rank: 236
Similarity Rank: 275
Similarity Rank: 288
Similarity Rank: 295
Similarity Rank: 312
Similarity Rank: 335
Similarity Rank: 340
Product Mix
For 2022, Southpoint Financial Services's most frequently originated type of loan was FHA, with 343 originations. Their 2nd most popular type was Conventional, with 239 originations.
Loan Reason
For 2022, Southpoint Financial Services's most frequently cited loan purpose was Home Purchase, with 447 originations. The 2nd most popular reason was Cash Out Refi, with 219 originations.
Loan Duration/Length
For 2022, Southpoint Financial Services's most frequently cited loan duration was 30 Year, with 671 originations. The 2nd most popular length was 15 Year, with 9 originations.
Origination Fees/Closing Costs
Southpoint Financial Services's average total fees were $10,200, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 323 originations.
Interest Rates
During 2022, Southpoint Financial Services's average interest rate for loans was 5.06%, while their most frequently originated rate bucket for loans was 5-6%, with 210 originations.
Loan Sizing
2022 saw Southpoint Financial Services place emphasis on $200k-400k loans with 384 originations, totaling $109,040,000 in origination value.
Applicant Income
Southpoint Financial Services lent most frequently to those with incomes in the $50k-75k range, with 204 originations. The second most popular income band? $75k-100k, with 164 originations.
Applicant Debt to Income Ratio
Southpoint Financial Services lent most frequently to those with DTI ratios of 50-60%, with 118 originations. The next most common DTI ratio? 30-36%, with 97 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.08%
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 origination60.32%
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 | 693 | $184,845,000 | $266,732 |