Atlantic Home Loans Mortgage Rates, Fees & Info

Parsippany, NJ

LEI: 5493001MZ7BCQZ336S33

Tax ID: 22-3665409

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Atlantic Home Loans is a smaller mortgage company specializing in Home Purchase 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, Allentown, Providence, Dover, and New Haven among others. We have data for 69 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    2,476

    Origination Dollar Volume (All Markets)

    $573,920,000
    Show all (7) awards

    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) 503 $170,755,000 $339,473 $6,256 4.56%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 452 $82,690,000 $182,942 $4,918 4.84%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 243 $61,065,000 $251,296 $4,669 4.85%
    DOVER, DE (FHA|USDA|VA) 225 $45,905,000 $204,022 $6,701 5.04%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 153 $32,175,000 $210,294 $5,081 4.85%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 135 $29,565,000 $219,000 $6,201 5.01%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 133 $19,585,000 $147,256 $4,762 4.99%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 79 $16,225,000 $205,380 $5,945 5.07%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 60 $14,760,000 $246,000 $5,325 5.08%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 46 $13,750,000 $298,913 $8,774 4.88%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 23 $7,565,000 $328,913 $5,493 4.60%
    SALISBURY, MD-DE (FHA|USDA|VA) 37 $7,405,000 $200,135 $6,214 5.02%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 33 $6,785,000 $205,606 $6,972 5.20%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 33 $5,885,000 $178,333 $6,039 5.11%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 29 $5,715,000 $197,069 $4,639 4.86%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 25 $5,255,000 $210,200 $5,504 4.81%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 25 $4,485,000 $179,400 $5,082 5.34%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 28 $3,640,000 $130,000 $4,881 4.81%
    Outside of Metro Areas 18 $3,570,000 $198,333 $4,470 4.96%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 23 $3,565,000 $155,000 $5,791 4.87%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 10 $3,120,000 $312,000 $8,015 5.00%
    READING, PA (FHA|USDA|VA) 14 $3,010,000 $215,000 $4,912 4.85%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 25 $2,575,000 $103,000 $4,334 5.06%
    JOHNSON CITY, TN (FHA|USDA|VA) 12 $2,570,000 $214,167 $4,207 4.89%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $2,080,000 $260,000 $4,233 4.73%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 8 $1,900,000 $237,500 $5,974 4.83%
    WORCESTER, MA-CT (FHA|USDA|VA) 8 $1,760,000 $220,000 $4,931 4.84%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,310,000 $327,500 $9,779 5.03%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 3 $1,065,000 $355,000 $3,280 4.79%
    CLEVELAND, TN (FHA|USDA|VA) 5 $1,035,000 $207,000 $1,757 4.98%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 8 $1,030,000 $128,750 $5,272 5.29%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 5 $1,005,000 $201,000 $4,830 4.65%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 6 $900,000 $150,000 $5,228 5.10%
    Pottsville, PA (FHA|USDA|VA) 9 $765,000 $85,000 $4,255 5.11%
    Torrington, CT (FHA|USDA|VA) 3 $695,000 $231,667 $5,123 5.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 3 $525,000 $175,000 $5,594 5.67%
    WILMINGTON, NC (FHA|USDA|VA) 2 $510,000 $255,000 $3,599 4.63%
    SPRINGFIELD, MA (FHA|USDA|VA) 2 $490,000 $245,000 $4,523 4.18%
    RICHMOND, VA (FHA|USDA|VA) 1 $475,000 $475,000 $18,963 5.13%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $390,000 $195,000 $3,646 4.44%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $380,000 $190,000 $5,302 4.88%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $325,000 $325,000 $3,743 4.88%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $325,000 $325,000 $10,168 4.75%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $315,000 $315,000 $3,686 4.50%
    Dayton, TN (FHA|USDA|VA) 1 $305,000 $305,000 $3,640 4.88%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $295,000 $295,000 $10,595 4.88%
    Clewiston, FL (FHA|USDA|VA) 2 $290,000 $145,000 $6,476 5.31%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $250,000 $125,000 $4,954 4.75%
    LEBANON, PA (FHA|USDA|VA) 1 $245,000 $245,000 $5,053 4.88%
    Sayre, PA (FHA|USDA|VA) 2 $240,000 $120,000 $4,755 4.94%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $4,218 4.88%
    HARRISONBURG, VA (FHA|USDA|VA) 1 $225,000 $225,000 $2,853 5.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,113 5.25%
    Huntsville, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,171 5.00%
    SAVANNAH, GA (FHA|USDA|VA) 1 $215,000 $215,000 $10,792 5.50%
    LANCASTER, PA (FHA|USDA|VA) 1 $215,000 $215,000 $3,655 4.75%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $210,000 $105,000 $6,188 4.81%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $205,000 $205,000 $5,497 4.75%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $200,000 $100,000 $4,583 5.38%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,182 5.00%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $165,000 $165,000 $7,275 4.88%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $155,000 $155,000 $6,427 5.25%
    Greeneville, TN (FHA|USDA|VA) 1 $155,000 $155,000 $5,878 5.25%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $145,000 $145,000 $3,291 5.13%
    OCALA, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,958 5.25%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,747 5.75%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $125,000 $125,000 $2,903 4.75%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $115,000 $115,000 $4,085 5.25%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $6,750 5.25%
    Atlantic Home Loans's top markets include New York, Allentown, Providence, Dover, and New Haven among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)

    • Similar Lenders

    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.

    Westport Federal Credit Union
    Similarity Rank: 23
    Notre Dame Community Federal Credit Union
    Similarity Rank: 38
    MUTUAL SECURITY CREDIT UNION
    Similarity Rank: 48
    N C P D Federal Credit Union
    Similarity Rank: 55
    PAWTUCKET
    Similarity Rank: 60
    POLISH NATIONAL
    Similarity Rank: 60
    Bogota Savings Bank
    Similarity Rank: 63
    Iron Workers Savings Bank
    Similarity Rank: 63
    Middlesex Savings Bank
    Similarity Rank: 65
    Union County Savings Bank
    Similarity Rank: 66

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,498 $362,330,000 $241,876 $4,277 4.81%
    FHA 739 $154,165,000 $208,613 $8,172 4.98%
    VA 153 $41,525,000 $271,405 $5,834 4.75%
    USDA 86 $15,900,000 $184,884 $5,963 4.88%

    For 2018, Atlantic Home Loans's most frequently originated type of loan was Conventional, with 1,498 originations. Their 2nd most popular type was FHA, with 739 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,261 $527,255,000 $233,195 $5,656 4.86%
    Cash Out Refi 136 $28,560,000 $210,000 $4,989 4.94%
    Refi 79 $18,105,000 $229,177 $4,971 4.65%

    For 2018, Atlantic Home Loans's most frequently cited loan purpose was Home Purchase, with 2,261 originations. The 2nd most popular reason was Cash Out Refi, with 136 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,354 $547,670,000 $232,655 $5,680 4.89%
    15 Year 88 $18,830,000 $213,977 $4,013 4.22%
    20 Year 30 $6,470,000 $215,667 $4,134 4.60%
    10 Year 2 $280,000 $140,000 $3,913 4.31%
    Other 2 $670,000 $335,000 $3,488 4.69%

    For 2018, Atlantic Home Loans's most frequently cited loan duration was 30 Year, with 2,354 originations. The 2nd most popular length was 15 Year, with 88 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,355 $332,745,000 $245,568
    $1k-2k 641 $131,285,000 $204,813
    $2k-3k 250 $51,740,000 $206,960
    $3k-4k 110 $24,550,000 $223,182
    $5k+ 62 $18,260,000 $294,516
    $4k-5k 48 $12,760,000 $265,833

    Atlantic Home Loans's average total fees were $5,680, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,355 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,599 $395,705,000 $247,470
    5-6% 737 $142,125,000 $192,843
    3-4% 121 $33,715,000 $278,636
    6-7% 17 $2,365,000 $139,118

    During 2018, Atlantic Home Loans's average interest rate for loans was 4.89%, while their most frequently originated rate bucket for loans was 4-5%, with 1,599 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,091 $304,365,000 $278,978 $6,165 4.78%
    $100k-200k 951 $145,175,000 $152,655 $5,003 4.97%
    $400k-600k 217 $99,465,000 $458,364 $7,091 4.62%
    $100,000 or less 202 $15,020,000 $74,356 $3,499 5.04%
    $600k-1MM 14 $8,840,000 $631,429 $7,994 4.65%
    $1MM+ 1 $1,055,000 $1,055,000 $17,087 4.25%

    2018 saw Atlantic Home Loans place emphasis on $200k-400k loans with 1,091 originations, totaling $304,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 679 $127,955,000 $188,446 $5,572 4.94%
    $100k-150k 503 $145,045,000 $288,360 $5,984 4.77%
    $75k-100k 468 $110,390,000 $235,876 $5,912 4.85%
    $50k or less 450 $59,650,000 $132,556 $4,943 4.96%
    $150k-250k 286 $98,390,000 $344,021 $5,551 4.72%
    $250k+ 90 $32,490,000 $361,000 $5,430 4.75%

    Atlantic Home Loans lent most frequently to those with incomes in the $50k-75k range, with 679 originations. The second most popular income band? $100k-150k, with 503 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 384 $92,770,000 $241,589 $5,219 4.82%
    20-30% 335 $76,855,000 $229,418 $4,832 4.74%
    50-60% 296 $66,020,000 $223,041 $7,690 4.97%
    49% 143 $30,875,000 $215,909 $5,165 4.95%
    44% 121 $28,675,000 $236,983 $5,591 4.89%
    45% 114 $25,670,000 $225,175 $5,949 4.91%
    43% 111 $24,065,000 $216,802 $5,305 4.93%
    42% 107 $25,735,000 $240,514 $5,216 4.90%
    41% 102 $23,010,000 $225,588 $5,436 4.88%
    47% 98 $22,280,000 $227,347 $5,562 4.93%
    48% 97 $23,285,000 $240,052 $6,186 4.95%
    39% 91 $20,395,000 $224,121 $5,299 4.82%
    46% 86 $20,590,000 $239,419 $6,105 4.90%
    40% 80 $17,890,000 $223,625 $5,657 4.88%
    36% 80 $20,310,000 $253,875 $5,455 4.78%
    <20% 77 $16,935,000 $219,935 $4,207 4.63%
    38% 76 $18,670,000 $245,658 $4,913 4.78%
    37% 74 $18,800,000 $254,054 $5,422 4.77%
    >60% 4 $1,090,000 $272,500 $6,329 4.78%

    Atlantic Home Loans lent most frequently to those with DTI ratios of 30-36%, with 384 originations. The next most common DTI ratio? 20-30%, with 335 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,814 $404,340,000 $222,900 $5,377 4.87%
    Not provided 343 $100,785,000 $293,834 $6,128 4.64%
    Black 232 $47,630,000 $205,302 $6,632 5.07%
    Asian 66 $16,510,000 $250,152 $5,272 4.85%
    American Indian 11 $1,875,000 $170,455 $6,353 5.23%
    Native Hawaiian or Islander 5 $1,195,000 $239,000 $5,229 4.88%
    Asian Indian 3 $935,000 $311,667 $4,774 4.50%
    Other Asian 1 $455,000 $455,000 $3,595 4.75%
    Vietnamese 1 $195,000 $195,000 $4,930 5.00%

    Approval Rates

    Total approvals of all applications
    95.30%

    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
    67.21%

    Atlantic Home Loans has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,476 $573,920,000 $231,793

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $515,000 $171,667
    Single Family (1-4 Units):Site-Built 2,473 $573,405,000 $231,866

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $5,990,000 $136,136 $3,990 4.59%
    40-60% 118 $25,670,000 $217,542 $4,219 4.58%
    60-80% 555 $136,165,000 $245,342 $4,520 4.82%
    80-100% 1,703 $392,715,000 $230,602 $6,009 4.90%
    Over 100% 49 $12,805,000 $261,327 $8,773 4.84%
    Under 20% 7 $575,000 $82,143 $2,316 4.05%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ATLANTIC BAY MORTGAGE GROUP LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
    ATLANTIC BAY MORTGAGE GROUP LLC Conventional home mortgage Closing on a mortgage 1 11.1%
    ATLANTIC BAY MORTGAGE GROUP LLC Conventional home mortgage Trouble during payment process 4 44.4%
    ATLANTIC BAY MORTGAGE GROUP LLC FHA mortgage Incorrect information on your report 1 11.1%
    ATLANTIC BAY MORTGAGE GROUP LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
    ATLANTIC BAY MORTGAGE GROUP LLC VA mortgage Trouble during payment process 1 11.1%