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 small mortgage company specializing in Home Purchase and Refi 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. 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: New York, Philadelphia, Atlantic City, Gainesville, and Indianapolis among others. We have data for 118 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% | 4/18/24 |
| 30 Year Conventional Refi | 6.66% | 4/18/24 |
| 30 Year Cash-out Refi | 6.75% | 4/18/24 |
| 30 Year FHA Purchase | 7.37% | 4/18/24 |
| 30 Year FHA Refi | 7.27% | 4/18/24 |
| 30 Year VA Purchase | 6.41% | 4/18/24 |
| 30 Year VA Refi | 6.27% | 4/18/24 |
| 30 Year USDA Purchase | 6.70% | 4/18/24 |
| 15 Year Conventional Purchase | 5.95% | 4/18/24 |
| 15 Year Conventional Refi | 6.02% | 4/18/24 |
| 15 Year Cash-out Refi | 6.02% | 4/18/24 |
| 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
8,637Origination Dollar Volume (All Markets)
$2,641,355,000Awards
Advisors Mortgage Group - 2020
Advisors Mortgage Group is a 2020 , due to their low .
For 2020, 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) | 4,879 | $1,630,905,000 | $334,270 | $5,437 | 3.11% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1,332 | $389,230,000 | $292,215 | $5,099 | 3.06% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 534 | $124,930,000 | $233,951 | $4,862 | 3.14% |
| GAINESVILLE, FL (FHA|USDA|VA) | 374 | $87,690,000 | $234,465 | $3,833 | 3.02% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 296 | $71,310,000 | $240,912 | $2,116 | 2.96% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 150 | $48,480,000 | $323,200 | $4,261 | 3.00% |
| Outside of Metro Areas | 159 | $38,905,000 | $244,686 | $3,959 | 2.97% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 125 | $37,855,000 | $302,840 | $6,516 | 3.18% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 107 | $27,905,000 | $260,794 | $4,818 | 3.16% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 61 | $18,305,000 | $300,082 | $5,766 | 3.40% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 69 | $17,135,000 | $248,333 | $5,411 | 3.02% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 45 | $15,315,000 | $340,333 | $5,941 | 3.18% |
| Bennington, VT (FHA|USDA|VA) | 42 | $11,080,000 | $263,810 | $3,730 | 2.79% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 23 | $10,105,000 | $439,348 | $3,015 | 3.15% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 25 | $5,905,000 | $236,200 | $4,097 | 3.01% |
| Lake City, FL (FHA|USDA|VA) | 24 | $5,040,000 | $210,000 | $4,981 | 3.07% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 18 | $4,830,000 | $268,333 | $4,450 | 3.08% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 17 | $4,255,000 | $250,294 | $4,100 | 2.93% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 14 | $3,290,000 | $235,000 | $5,186 | 3.43% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $3,225,000 | $293,182 | $7,597 | 3.06% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 13 | $3,205,000 | $246,538 | $4,979 | 2.84% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 10 | $3,140,000 | $314,000 | $3,456 | 3.17% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 9 | $3,125,000 | $347,222 | $4,336 | 3.17% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 14 | $2,980,000 | $212,857 | $3,913 | 3.06% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 14 | $2,970,000 | $212,143 | $6,256 | 3.16% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 9 | $2,965,000 | $329,444 | $8,727 | 3.06% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 10 | $2,900,000 | $290,000 | $5,331 | 3.04% |
| OCALA, FL (FHA|USDA|VA) | 14 | $2,730,000 | $195,000 | $4,065 | 2.86% |
| READING, PA (FHA|USDA|VA) | 12 | $2,680,000 | $223,333 | $4,573 | 3.04% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 5 | $2,495,000 | $499,000 | $7,450 | 3.18% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 15 | $2,465,000 | $164,333 | $4,749 | 3.19% |
| Lebanon, NH-VT (FHA|USDA|VA) | 9 | $2,405,000 | $267,222 | $3,584 | 2.89% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $2,380,000 | $595,000 | $5,100 | 3.25% |
| LANCASTER, PA (FHA|USDA|VA) | 10 | $2,330,000 | $233,000 | $4,831 | 3.26% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 11 | $2,245,000 | $204,091 | $4,787 | 3.11% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $2,130,000 | $355,000 | $4,646 | 3.18% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 6 | $1,900,000 | $316,667 | $3,447 | 2.81% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $1,665,000 | $333,000 | $5,194 | 3.00% |
| Rutland, VT (FHA|USDA|VA) | 6 | $1,570,000 | $261,667 | $3,442 | 2.96% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 4 | $1,420,000 | $355,000 | $8,129 | 2.81% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $4,069 | 3.09% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,295,000 | $431,667 | $2,256 | 3.29% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $2,114 | 3.23% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $5,290 | 3.06% |
| WILMINGTON, NC (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $4,957 | 3.03% |
| GLENS FALLS, NY (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $4,790 | 3.56% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $4,863 | 3.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 5 | $985,000 | $197,000 | $3,227 | 3.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $5,622 | 2.69% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $8,446 | 3.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $5,724 | 3.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $5,420 | 3.13% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $4,046 | 2.79% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $6,369 | 3.21% |
| Key West, FL (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $2,395 | 2.44% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $6,409 | 2.87% |
| LOUISVILLE, KY (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $2,214 | 3.21% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $2,858 | 2.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,271 | 3.13% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,127 | 2.69% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,669 | 2.81% |
| COLUMBUS, IN (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $2,151 | 3.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $3,251 | 3.54% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $2,610 | 3.44% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,620 | 2.79% |
| Easton, MD (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,082 | 3.13% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,049 | 3.63% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,074 | 3.38% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,882 | 3.13% |
| Malone, NY (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,021 | 3.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,050 | 2.75% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,358 | 2.75% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,313 | 2.94% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,222 | 3.13% |
| Plattsburgh, NY (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $5,550 | 3.25% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,749 | 2.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,414 | 3.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,152 | 2.69% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,002 | 2.75% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,585 | 2.63% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,607 | 2.88% |
| Keene, NH (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $9,346 | 4.19% |
| Brevard, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,319 | 2.95% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,590 | 3.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,480 | 2.50% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,916 | 3.25% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,090 | 3.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,940 | 2.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,518 | 2.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,066 | 2.88% |
| Mitchell, SD (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,853 | 3.00% |
| Sweetwater, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,915 | 2.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,738 | 2.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,369 | 3.13% |
| KOKOMO, IN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $1,783 | 3.25% |
| Athens, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,429 | 3.38% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,365 | 3.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,219 | 2.81% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,222 | 2.63% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,723 | 2.88% |
| UTICA-ROME, NY (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,970 | 3.25% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,943 | 3.50% |
| Richmond, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,564 | 3.50% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,382 | 2.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $3,646 | 3.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,560 | 2.88% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,936 | 3.99% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,028 | 3.88% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,512 | 2.25% |
| Bluffton, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,596 | 3.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,415 | 2.25% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,983 | 3.63% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,552 | 4.13% |
| Wabash, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,630 | 2.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,101 | 2.75% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,938 | 2.75% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,027 | 3.25% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,674 | 3.25% |
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Product Mix
For 2020, Advisors Mortgage Group's most frequently originated type of loan was Conventional, with 7,323 originations. Their 2nd most popular type was FHA, with 1,055 originations.
Loan Reason
For 2020, Advisors Mortgage Group's most frequently cited loan purpose was Home Purchase, with 4,007 originations. The 2nd most popular reason was Refi, with 3,273 originations.
Loan Duration/Length
For 2020, Advisors Mortgage Group's most frequently cited loan duration was 30 Year, with 6,964 originations. The 2nd most popular length was 15 Year, with 1,005 originations.
Origination Fees/Closing Costs
Advisors Mortgage Group's average total fees were $5,435, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,855 originations.
Interest Rates
During 2020, Advisors Mortgage Group's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,734 originations.
Loan Sizing
2020 saw Advisors Mortgage Group place emphasis on $200k-400k loans with 4,858 originations, totaling $1,413,180,000 in origination value.
Applicant Income
Advisors Mortgage Group lent most frequently to those with incomes in the $100k-150k range, with 2,336 originations. The second most popular income band? $150k-250k, with 1,917 originations.
Applicant Debt to Income Ratio
Advisors Mortgage Group lent most frequently to those with DTI ratios of 20-30%, with 1,909 originations. The next most common DTI ratio? 30-36%, with 1,535 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.26%
Advisors Mortgage Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.66%
Advisors Mortgage Group has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 8,637 | $2,641,355,000 | $305,819 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 8,637 | $2,641,355,000 | $305,819 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ADVISORS MORTGAGE GROUP, LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| ADVISORS MORTGAGE GROUP, LLC | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |