Advisors Mortgage Group Rates, Fees & Info
Ocean, NJLEI: 254900F9ZTVTX763V835
Tax ID: 22-3626426
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.44% | 11/17/24 |
| 30 Year Conventional Refi | 6.66% | 11/17/24 |
| 30 Year Cash-out Refi | 6.75% | 11/17/24 |
| 30 Year FHA Purchase | 7.37% | 11/17/24 |
| 30 Year FHA Refi | 7.27% | 11/17/24 |
| 30 Year VA Purchase | 6.41% | 11/17/24 |
| 30 Year VA Refi | 6.27% | 11/17/24 |
| 30 Year USDA Purchase | 6.70% | 11/17/24 |
| 15 Year Conventional Purchase | 5.95% | 11/17/24 |
| 15 Year Conventional Refi | 6.02% | 11/17/24 |
| 15 Year Cash-out Refi | 6.02% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,074Origination Dollar Volume (All Markets)
$592,200,000Awards
Advisors Mortgage Group - 2018
Advisors Mortgage Group 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 |
|---|---|---|---|---|---|
| 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% |
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.
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Product Mix
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
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
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
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
2018 saw Advisors Mortgage Group place emphasis on $200k-400k loans with 1,074 originations, totaling $305,260,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications92.37%
Advisors Mortgage Group has an average approval rate.
Pick Rate
Approvals leading to origination75.99%
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
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% |