Atlantic Home Loans Mortgage Rates, Fees & Info

Parsippany, NJ

LEI: 5493001MZ7BCQZ336S33

Tax ID: 22-3665409

4.3 stars - out of 5 stars, based on 62 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

3,859

Origination Dollar Volume (All Markets)

$1,165,225,000
Show all (8) awards

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 applications
96.33%

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 origination
71.20%

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%