Atlantic Home Loans Mortgage Rates, Fees & Info
Parsippany, NJLEI: 5493001MZ7BCQZ336S33
Tax ID: 22-3665409
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & 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 by origination volume include: New York, Providence, Allentown, Dover, and East Stroudsburg among others. We have data for 111 markets. (Some data included below & more in-depth data is available with an active subscription.)Atlantic Home Loans 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. Atlantic Home Loans 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 | 6.97% | 11/26/22 |
| 30 Year Conventional Refi | 6.87% | 11/26/22 |
| 30 Year Cash-out Refi | 7.21% | 11/26/22 |
| 30 Year FHA Purchase | 7.83% | 11/26/22 |
| 30 Year FHA Refi | 7.46% | 11/26/22 |
| 30 Year VA Purchase | 6.79% | 11/26/22 |
| 30 Year VA Refi | 6.39% | 11/26/22 |
| 30 Year USDA Purchase | 7.11% | 11/26/22 |
| 30 Year USDA Refi | 7.01% | 11/26/22 |
| 15 Year Conventional Purchase | 6.19% | 11/26/22 |
| 15 Year Conventional Refi | 6.20% | 11/26/22 |
| 15 Year Cash-out Refi | 6.20% | 11/26/22 |
| 15 Year VA Refi | 6.26% | 11/26/22 |
| 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. | ||
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 mortgage rate was
3.09%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.06%.
Relative Fees (Closing Costs)
Atlantic Home Loans's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,654.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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) | 1,125 | $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% |
Their top states include:
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We use machine learning to identify the top lenders compared against Atlantic Home Loans 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 2021, Atlantic Home Loans's most frequently originated type of loan was Conventional, with 3,088 originations. Their 2nd most popular type was FHA, with 563 originations.
Loan Reason
For 2021, Atlantic Home Loans's most frequently cited loan purpose was Home Purchase, with 2,500 originations. The 2nd most popular reason was Refi, with 963 originations.
Loan Duration/Length
For 2021, Atlantic Home Loans's most frequently cited loan duration was 30 Year, with 3,398 originations. The 2nd most popular length was 15 Year, with 311 originations.
Origination Fees/Closing Costs
Atlantic Home Loans's average total fees were $5,654, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.09%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,843 originations.
Loan Sizing
2021 saw Atlantic Home Loans place emphasis on $200k-400k loans with 1,990 originations, totaling $571,690,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications97.19%
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 origination74.29%
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
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% |
