Atlantic Home Loans Mortgage Rates, Fees & Info
Parsippany, NJLEI: 5493001MZ7BCQZ336S33
Tax ID: 22-3665409
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Atlantic Home Loans is a small mortgage company specializing in Home Purchase and Refi loans. Atlantic Home Loans 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 include New York, Providence, Allentown, Dover, and East Stroudsburg among others. Atlantic Home Loans has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Atlantic Home Loans is typically an average fee lendor.Originations
3,859Origination Dollar Volume (All Markets)
$1,165,225,000Awards
Atlantic Home Loans - 2021
Atlantic Home Loans is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Atlantic Home Loans 's average 30 year fixed rate mortgage of loans were
3.09%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.06%.
Relative Fees
Atlantic Home Loans 's average total fees for a 30 year fixed rate
mortgage are $5,654.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1,125 | $460,925,000 | $409,711 | $5,920 | 2.90% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 471 | $134,615,000 | $285,807 | $5,001 | 3.10% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 582 | $133,270,000 | $228,986 | $5,237 | 3.13% |
| DOVER, DE (FHA|USDA|VA) | 169 | $43,265,000 | $256,006 | $6,651 | 2.91% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 182 | $38,630,000 | $212,253 | $5,089 | 3.21% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 125 | $37,355,000 | $298,840 | $5,666 | 3.12% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 158 | $36,200,000 | $229,114 | $3,970 | 2.98% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 126 | $33,720,000 | $267,619 | $5,233 | 3.04% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 126 | $31,490,000 | $249,921 | $4,231 | 2.96% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 79 | $27,575,000 | $349,051 | $8,002 | 3.15% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 94 | $25,950,000 | $276,064 | $4,843 | 3.14% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 50 | $17,440,000 | $348,800 | $4,335 | 2.89% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 45 | $16,685,000 | $370,778 | $4,864 | 3.04% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 71 | $14,315,000 | $201,620 | $4,616 | 2.98% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 47 | $12,665,000 | $269,468 | $5,983 | 2.95% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 47 | $12,295,000 | $261,596 | $6,841 | 3.22% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 30 | $11,040,000 | $368,000 | $4,229 | 2.90% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 53 | $8,015,000 | $151,226 | $5,348 | 3.19% |
| Outside of Metro Areas | 25 | $6,385,000 | $255,400 | $4,893 | 3.17% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 17 | $4,625,000 | $272,059 | $4,960 | 3.23% |
| READING, PA (FHA|USDA|VA) | 15 | $3,145,000 | $209,667 | $5,169 | 3.19% |
| Torrington, CT (FHA|USDA|VA) | 11 | $2,845,000 | $258,636 | $3,457 | 3.07% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 7 | $2,345,000 | $335,000 | $6,654 | 2.91% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 11 | $2,275,000 | $206,818 | $3,642 | 3.11% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 8 | $2,130,000 | $266,250 | $5,902 | 3.41% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 6 | $1,880,000 | $313,333 | $4,947 | 2.91% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 7 | $1,875,000 | $267,857 | $5,073 | 2.94% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $1,720,000 | $430,000 | $11,571 | 2.78% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $1,675,000 | $239,286 | $4,749 | 2.98% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $1,600,000 | $266,667 | $4,755 | 2.94% |
| Pottsville, PA (FHA|USDA|VA) | 9 | $1,455,000 | $161,667 | $4,615 | 3.14% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $4,436 | 2.72% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $5,296 | 3.53% |
| SYRACUSE, NY (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $5,513 | 3.17% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $3,760 | 3.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $5,763 | 3.09% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,105,000 | $221,000 | $5,575 | 3.17% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $8,001 | 3.00% |
| Wilson, NC (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $4,591 | 3.28% |
| OCALA, FL (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $7,513 | 3.31% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $8,109 | 3.17% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $5,767 | 3.09% |
| PITTSBURGH, PA (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $4,175 | 3.06% |
| Granbury, TX (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $8,125 | 2.69% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 6 | $930,000 | $155,000 | $3,764 | 3.62% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $7,520 | 3.43% |
| Gainesville, TX (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $8,396 | 3.47% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $4,228 | 3.04% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $3,754 | 3.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $4,616 | 3.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $4,688 | 3.29% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,600 | 2.94% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $2,808 | 3.13% |
| Seneca Falls, NY (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $8,967 | 3.38% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,301 | 3.19% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,935 | 3.31% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,084 | 2.88% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,435 | 3.50% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,583 | 3.12% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $6,609 | 3.21% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,645 | 2.63% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,501 | 2.88% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,469 | 3.50% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,685 | 2.63% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $16,415 | 2.88% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $8,928 | 3.50% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,888 | 2.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,952 | 2.63% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,809 | 3.13% |
| Boone, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,737 | 3.88% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,705 | 2.75% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $12,540 | 3.13% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,545 | 3.63% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,954 | 2.38% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,221 | 2.99% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $5,570 | 3.38% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,620 | 2.99% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,507 | 2.88% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,101 | 3.38% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,793 | 2.88% |
| Palestine, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,973 | 3.12% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,080 | 3.38% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,354 | 3.50% |
| Shelby, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,445 | 3.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,856 | 2.75% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,951 | 2.38% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,708 | 3.00% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,601 | 3.13% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,066 | 3.00% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,434 | 2.88% |
| Keene, NH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,907 | 4.13% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,220 | 3.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,591 | 2.75% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,432 | 2.75% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,551 | 3.75% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,747 | 3.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,302 | 3.25% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,084 | 2.25% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,950 | 2.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,685 | 2.75% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,485 | 3.25% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,851 | 2.13% |
| Washington, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,945 | 3.63% |
| Berlin, NH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,170 | 3.63% |
| Sayre, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,285 | 2.88% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,784 | 3.13% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,647 | 3.25% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,887 | 2.88% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,360 | 3.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,199 | 3.63% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,588 | 3.25% |
Atlantic Home Loans 's top markets include New York, Providence, Allentown, Dover, and East Stroudsburg among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 3,088 | $937,290,000 | $303,527 | $4,527 | 3.04% |
| FHA | 563 | $167,235,000 | $297,043 | $10,029 | 3.07% |
| VA | 153 | $47,495,000 | $310,425 | $6,185 | 2.87% |
| USDA | 55 | $13,205,000 | $240,091 | $7,055 | 2.85% |
For the 2021 period, Atlantic Home Loans 's most frequently originated loan type of loans were Conventional, with 3,088 originations. Their 2nd most popular type is FHA, with 563 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 2,500 | $783,840,000 | $313,536 | $6,059 | 3.07% |
| Refi | 963 | $273,905,000 | $284,429 | $4,045 | 2.85% |
| Cash Out Refi | 396 | $107,480,000 | $271,414 | $4,881 | 3.24% |
For the 2021, Atlantic Home Loans 's most frequently cited loan purpose of loans were Home Purchase, with 2,500 originations. The 2nd most popular reason of loans were Refi, with 963 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 3,398 | $1,047,710,000 | $308,331 | $5,654 | 3.09% |
| 15 Year | 311 | $77,775,000 | $250,080 | $3,841 | 2.48% |
| 20 Year | 99 | $27,385,000 | $276,616 | $3,693 | 2.82% |
| Other | 37 | $9,685,000 | $261,757 | $3,900 | 3.04% |
| 10 Year | 14 | $2,670,000 | $190,714 | $3,796 | 2.44% |
For the 2021, Atlantic Home Loans 's most frequently cited loan length of loans were 30 Year, with 3,398 originations. The 2nd most popular length of loans were 15 Year, with 311 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 3,052 | $922,100,000 | $302,130 |
| $2k-3k | 297 | $84,065,000 | $283,047 |
| $3k-4k | 283 | $79,915,000 | $282,385 |
| $5k+ | 145 | $55,825,000 | $385,000 |
| $<1k | 82 | $23,320,000 | $284,390 |
$5,654 of loans were Atlantic Home Loans 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 3,052 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1,843 | $601,695,000 | $326,476 |
| 3-4% | 1,592 | $439,240,000 | $275,905 |
| <2.5% | 381 | $115,625,000 | $303,478 |
| 4-5% | 43 | $8,665,000 | $201,512 |
During 2021, Atlantic Home Loans 's average interest rate of loans were 3.09%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,843 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,990 | $571,690,000 | $287,281 | $5,506 | 3.03% |
| $100k-200k | 911 | $142,285,000 | $156,186 | $4,266 | 3.09% |
| $400k-600k | 707 | $338,115,000 | $478,239 | $6,332 | 2.93% |
| $600k-1MM | 135 | $96,905,000 | $717,815 | $8,823 | 2.94% |
| $100,000 or less | 110 | $8,990,000 | $81,727 | $3,682 | 3.20% |
| $1MM+ | 6 | $7,240,000 | $1,206,667 | $7,573 | 3.08% |
2021 saw Atlantic Home Loans place emphasis on $200k-400k loans with 1,990 originations, totaling $571,690,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 942 | $312,290,000 | $331,518 | $5,584 | 3.03% |
| $50k-75k | 867 | $195,195,000 | $225,138 | $5,320 | 3.08% |
| $75k-100k | 752 | $208,340,000 | $277,048 | $5,669 | 3.06% |
| $150k-250k | 604 | $244,730,000 | $405,182 | $5,361 | 2.96% |
| $50k or less | 429 | $75,625,000 | $176,282 | $4,960 | 3.05% |
| $250k+ | 265 | $129,045,000 | $486,962 | $5,541 | 2.92% |
Atlantic Home Loans lent most frequently to those with incomes in the $100k-150k range, with 942 originations. The second most popular income band? $50k-75k, with 867 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 745 | $225,055,000 | $302,087 | $4,606 | 2.97% |
| 30-36% | 714 | $210,060,000 | $294,202 | $4,994 | 3.04% |
| <20% | 225 | $67,415,000 | $299,622 | $4,297 | 2.89% |
| 50-60% | 189 | $61,315,000 | $324,418 | $9,972 | 3.02% |
| 44% | 173 | $50,745,000 | $293,324 | $5,476 | 3.09% |
| 40% | 156 | $47,100,000 | $301,923 | $5,489 | 3.07% |
| 49% | 148 | $47,760,000 | $322,703 | $5,748 | 3.07% |
| 37% | 148 | $46,460,000 | $313,919 | $5,503 | 3.06% |
| 43% | 148 | $43,480,000 | $293,784 | $5,323 | 3.13% |
| 48% | 146 | $42,520,000 | $291,233 | $5,758 | 3.06% |
| 42% | 141 | $41,545,000 | $294,645 | $5,831 | 3.08% |
| 45% | 138 | $44,230,000 | $320,507 | $5,745 | 3.12% |
| 39% | 135 | $40,945,000 | $303,296 | $5,402 | 3.08% |
| 38% | 132 | $39,690,000 | $300,682 | $5,112 | 3.05% |
| 47% | 130 | $38,970,000 | $299,769 | $5,829 | 3.04% |
| 41% | 127 | $36,045,000 | $283,819 | $5,349 | 3.13% |
| 36% | 126 | $37,880,000 | $300,635 | $5,470 | 3.07% |
| 46% | 100 | $31,740,000 | $317,400 | $6,439 | 3.02% |
| >60% | 2 | $750,000 | $375,000 | $2,347 | 3.00% |
Atlantic Home Loans lent most frequently to those with DTI ratios of 20-30%, with 745 originations. The next most common DTI ratio? 30-36%, with 714 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2,878 | $835,340,000 | $290,250 | $5,247 | 3.03% |
| Not provided | 482 | $161,380,000 | $334,813 | $5,961 | 3.02% |
| Asian | 208 | $81,080,000 | $389,808 | $5,311 | 2.90% |
| Black | 259 | $76,895,000 | $296,892 | $6,475 | 3.12% |
| American Indian | 21 | $6,845,000 | $325,952 | $7,062 | 3.12% |
| Native Hawaiian | 5 | $1,385,000 | $277,000 | $7,680 | 3.02% |
| Asian Indian | 3 | $1,275,000 | $425,000 | $4,423 | 3.50% |
| 1 | $515,000 | $515,000 | $3,603 | 2.99% | |
| Other Asian | 2 | $510,000 | $255,000 | $3,462 | 2.75% |
Approval Rates
Total approvals of all applications96.33%
Atlantic Home Loans has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination71.20%
Atlantic Home Loans has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,859 | $1,165,225,000 | $301,950 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,859 | $1,165,225,000 | $301,950 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 121 | $25,345,000 | $209,463 | $3,609 | 2.78% |
| 40-60% | 419 | $108,455,000 | $258,842 | $3,999 | 2.89% |
| 60-80% | 1,323 | $404,555,000 | $305,786 | $4,550 | 3.05% |
| 80-100% | 1,946 | $612,640,000 | $314,820 | $6,352 | 3.07% |
| Over 100% | 40 | $12,850,000 | $321,250 | $11,009 | 2.88% |
| Under 20% | 10 | $1,380,000 | $138,000 | $3,220 | 2.67% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ATLANTIC HOME LOANS INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| ATLANTIC HOME LOANS INC. | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
| ATLANTIC HOME LOANS INC. | FHA mortgage | Closing on a mortgage | 2 | 50.0% |
