Advisors Mortgage Group Rates, Fees & Info

Ocean, NJ

LEI: 254900F9ZTVTX763V835

Tax ID: 22-3626426

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Advisors Mortgage Group is a smaller mortgage company specializing in Home Purchase loans. Advisors Mortgage Group has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Philadelphia, Atlantic City, Plattsburgh, and Miami among others. We have data for 56 markets. (Some data included below & more in-depth data is available with an active subscription.)

Advisors Mortgage Group 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. Advisors Mortgage Group 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.

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 6.44% 3/28/24
30 Year Conventional Refi 6.66% 3/28/24
30 Year Cash-out Refi 6.75% 3/28/24
30 Year FHA Purchase 7.37% 3/28/24
30 Year FHA Refi 7.27% 3/28/24
30 Year VA Purchase 6.41% 3/28/24
30 Year VA Refi 6.27% 3/28/24
30 Year USDA Purchase 6.70% 3/28/24
15 Year Conventional Purchase 5.95% 3/28/24
15 Year Conventional Refi 6.02% 3/28/24
15 Year Cash-out Refi 6.02% 3/28/24
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.

Advisors Mortgage Group Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Advisors Mortgage Group. 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

2,074

Origination Dollar Volume (All Markets)

$592,200,000

Awards

Advisors Mortgage Group VA Loans bronze
Show all (1) awards

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1,512 $475,440,000 $314,444 $6,726 4.75%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 152 $32,170,000 $211,645 $5,565 4.80%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 72 $17,970,000 $249,583 $4,547 4.73%
Plattsburgh, NY (FHA|USDA|VA) 95 $14,185,000 $149,316 $5,740 5.05%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 46 $11,380,000 $247,391 $5,817 4.93%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 29 $6,365,000 $219,483 $5,568 4.95%
OCEAN CITY, NJ (FHA|USDA|VA) 19 $4,185,000 $220,263 $4,869 4.66%
TUCSON, AZ (FHA|USDA|VA) 16 $3,270,000 $204,375 $5,608 5.03%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5 $2,755,000 $551,000 $6,584 4.78%
Outside of Metro Areas 17 $2,065,000 $121,471 $4,834 4.96%
Malone, NY (FHA|USDA|VA) 15 $1,965,000 $131,000 $5,324 5.08%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 11 $1,905,000 $173,182 $5,643 5.03%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $1,810,000 $301,667 $5,752 4.77%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $1,210,000 $302,500 $4,637 5.19%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $860,000 $430,000 $5,731 4.56%
Key West, FL (FHA|USDA|VA) 2 $820,000 $410,000 $5,173 4.63%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 6 $790,000 $131,667 $6,543 4.79%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $760,000 $190,000 $4,507 5.25%
GAINESVILLE, FL (FHA|USDA|VA) 4 $680,000 $170,000 $4,201 5.22%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $625,000 $625,000 $7,675 5.13%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $620,000 $310,000 $7,832 4.81%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $590,000 $147,500 $4,936 4.88%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $570,000 $285,000 $3,303 4.44%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $560,000 $280,000 $3,661 4.63%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $530,000 $132,500 $7,649 4.84%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $515,000 $515,000 $3,678 4.63%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $510,000 $255,000 $8,891 4.88%
MEDFORD, OR (FHA|USDA|VA) 1 $445,000 $445,000 $6,367 4.50%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $440,000 $220,000 $4,452 4.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $420,000 $210,000 $6,345 4.75%
AKRON, OH (FHA|USDA|VA) 4 $390,000 $97,500 $4,237 5.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $340,000 $170,000 $5,264 4.38%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $330,000 $165,000 $2,570 4.56%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $315,000 $315,000 $9,451 4.75%
Torrington, CT (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
Bennington, VT (FHA|USDA|VA) 1 $295,000 $295,000 $3,890 4.50%
COLUMBUS, OH (FHA|USDA|VA) 2 $290,000 $145,000 $4,110 5.06%
Lebanon, NH-VT (FHA|USDA|VA) 1 $285,000 $285,000 $10,225 4.38%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $275,000 $275,000 $11,809 5.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $265,000 $88,333 $5,150 4.88%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $245,000 $245,000 $4,517 4.50%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $245,000 $245,000 $4,770 4.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $235,000 $235,000 $2,972 4.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $235,000 $235,000 $8,583 4.25%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $225,000 $225,000 $7,123 4.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $215,000 $215,000 $7,853 4.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $215,000 $215,000 $8,488 5.13%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $215,000 $215,000 $3,332 5.00%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $175,000 $175,000 $3,811 4.88%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $175,000 $175,000 $3,943 4.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $125,000 $125,000 $3,635 4.63%
SYRACUSE, NY (FHA|USDA|VA) 1 $105,000 $105,000 $3,153 4.75%
Norwalk, OH (FHA|USDA|VA) 1 $95,000 $95,000 $5,030 4.75%
Wilmington, OH (FHA|USDA|VA) 1 $65,000 $65,000 $3,375 6.13%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $65,000 $65,000 $5,208 4.00%
Wooster, OH (FHA|USDA|VA) 1 $55,000 $55,000 $5,022 3.63%
Advisors Mortgage Group's top markets include New York, Philadelphia, Atlantic City, Plattsburgh, and Miami among others.

Their top states include:
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Advisors Mortgage Group based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
    Similarity Rank: 55
    Iron Workers Savings Bank
    Similarity Rank: 63
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    Haddon Savings Bank
    Similarity Rank: 116
    The Atlantic Federal Credit Union
    Similarity Rank: 120
    Freehold Savings Bank
    Similarity Rank: 120
    Blue Foundry Bank
    Similarity Rank: 125

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,414 $424,030,000 $299,880 $4,970 4.79%
    FHA 562 $145,140,000 $258,256 $9,668 4.79%
    VA 72 $19,410,000 $269,583 $8,499 4.62%
    USDA 26 $3,620,000 $139,231 $5,487 4.87%

    For 2018, Advisors Mortgage Group's most frequently originated type of loan was Conventional, with 1,414 originations. Their 2nd most popular type was FHA, with 562 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,732 $485,510,000 $280,318 $6,323 4.78%
    Cash Out Refi 220 $67,470,000 $306,682 $6,860 4.89%
    Refi 121 $38,665,000 $319,545 $6,024 4.73%
    Home Improvement 1 $555,000 $555,000 $28,816 4.75%

    For 2018, Advisors Mortgage Group's most frequently cited loan purpose was Home Purchase, with 1,732 originations. The 2nd most popular reason was Cash Out Refi, with 220 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,914 $552,030,000 $288,417 $6,565 4.81%
    Other 80 $20,920,000 $261,500 $4,132 4.70%
    15 Year 48 $11,230,000 $233,958 $4,369 4.16%
    20 Year 29 $7,815,000 $269,483 $3,700 4.65%
    10 Year 2 $190,000 $95,000 $3,345 4.44%
    5 Year 1 $15,000 $15,000 $1,000 5.38%

    For 2018, Advisors Mortgage Group's most frequently cited loan duration was 30 Year, with 1,914 originations. The 2nd most popular length was Other, with 80 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,184 $312,300,000 $263,767
    $<1k 520 $154,360,000 $296,846
    $2k-3k 121 $33,455,000 $276,488
    $5k+ 103 $49,585,000 $481,408
    $3k-4k 79 $21,255,000 $269,051
    $4k-5k 51 $16,095,000 $315,588

    Advisors Mortgage Group's average total fees were $6,565, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,184 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,439 $419,215,000 $291,324
    5-6% 498 $127,110,000 $255,241
    3-4% 125 $42,345,000 $338,760
    6-7% 5 $835,000 $167,000

    During 2018, Advisors Mortgage Group's average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 4-5%, with 1,439 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,074 $305,260,000 $284,227 $6,514 4.75%
    $100k-200k 525 $80,435,000 $153,210 $4,885 4.88%
    $400k-600k 301 $142,185,000 $472,375 $8,216 4.71%
    $100,000 or less 96 $7,650,000 $79,688 $3,840 5.00%
    $600k-1MM 76 $54,100,000 $711,842 $10,525 4.71%
    $1MM+ 2 $2,570,000 $1,285,000 $8,332 4.75%

    2018 saw Advisors Mortgage Group place emphasis on $200k-400k loans with 1,074 originations, totaling $305,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 512 $165,580,000 $323,398 $6,597 4.75%
    $50k-75k 503 $105,805,000 $210,348 $6,124 4.81%
    $75k-100k 407 $109,175,000 $268,243 $6,588 4.78%
    $150k-250k 336 $130,630,000 $388,780 $6,796 4.75%
    $50k or less 204 $31,520,000 $154,510 $5,287 4.89%
    $250k+ 109 $48,695,000 $446,743 $6,369 4.80%

    Advisors Mortgage Group lent most frequently to those with incomes in the $100k-150k range, with 512 originations. The second most popular income band? $50k-75k, with 503 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 298 $84,160,000 $282,416 $5,770 4.75%
    20-30% 275 $80,065,000 $291,145 $5,106 4.73%
    50-60% 216 $57,400,000 $265,741 $9,318 4.71%
    49% 168 $48,910,000 $291,131 $6,625 4.87%
    47% 103 $30,395,000 $295,097 $6,477 4.83%
    46% 98 $26,130,000 $266,633 $6,863 4.83%
    42% 91 $28,845,000 $316,978 $6,012 4.75%
    44% 90 $26,880,000 $298,667 $6,161 4.84%
    48% 86 $22,720,000 $264,186 $5,896 4.87%
    43% 82 $24,520,000 $299,024 $6,642 4.84%
    45% 81 $23,485,000 $289,938 $6,218 4.89%
    40% 80 $21,840,000 $273,000 $5,934 4.80%
    39% 78 $23,700,000 $303,846 $6,009 4.75%
    41% 73 $20,435,000 $279,932 $6,028 4.85%
    38% 71 $19,285,000 $271,620 $7,346 4.84%
    36% 70 $18,210,000 $260,143 $5,893 4.88%
    <20% 59 $17,345,000 $293,983 $6,041 4.60%
    37% 46 $14,400,000 $313,043 $5,284 4.68%
    >60% 1 $275,000 $275,000 $4,479 5.00%

    Advisors Mortgage Group lent most frequently to those with DTI ratios of 30-36%, with 298 originations. The next most common DTI ratio? 20-30%, with 275 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,543 $432,455,000 $280,269 $6,151 4.77%
    Not provided 322 $94,130,000 $292,329 $6,627 4.86%
    Asian 98 $34,760,000 $354,694 $7,143 4.78%
    Black 97 $27,615,000 $284,691 $8,474 4.80%
    Asian Indian 3 $775,000 $258,333 $4,544 4.46%
    Filipino 3 $745,000 $248,333 $7,242 4.71%
    Other Asian 1 $495,000 $495,000 $4,992 5.38%
    Native Hawaiian or Islander 3 $485,000 $161,667 $4,808 4.79%
    Other Pacific Islander 1 $375,000 $375,000 $5,664 5.25%
    American Indian 3 $365,000 $121,667 $4,136 4.04%

    Approval Rates

    Total approvals of all applications
    92.37%

    Advisors Mortgage Group has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.99%

    Advisors Mortgage Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,074 $592,200,000 $285,535

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 2,074 $592,200,000 $285,535

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 54 $9,970,000 $184,630 $4,889 4.66%
    40-60% 174 $52,370,000 $300,977 $5,402 4.69%
    60-80% 587 $182,685,000 $311,218 $5,331 4.83%
    80-100% 1,216 $334,640,000 $275,197 $6,954 4.78%
    Over 100% 33 $9,525,000 $288,636 $11,432 4.81%
    Under 20% 5 $765,000 $153,000 $4,156 4.73%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ADVISORS MORTGAGE GROUP, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    ADVISORS MORTGAGE GROUP, LLC Conventional home mortgage Closing on a mortgage 1 33.3%
    ADVISORS MORTGAGE GROUP, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%