Atlantic Home Loans Mortgage Rates, Fees & Info
Parsippany, NJLEI: 5493001MZ7BCQZ336S33
Tax ID: 22-3665409
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Mortgage Data
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 Philadelphia among others. We have data for 86 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.
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Originations
3,256Origination Dollar Volume (All Markets)
$823,160,000Awards
Atlantic Home Loans - 2019
Atlantic Home Loans is a 2019 , due to their low .
For 2019, 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) | 703 | $252,905,000 | $359,751 | $5,576 | 4.03% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 502 | $97,380,000 | $193,984 | $5,275 | 4.42% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 350 | $94,440,000 | $269,829 | $4,997 | 4.26% |
| DOVER, DE (FHA|USDA|VA) | 338 | $75,400,000 | $223,077 | $6,167 | 4.22% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 232 | $52,740,000 | $227,328 | $6,171 | 4.22% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 164 | $34,660,000 | $211,341 | $5,006 | 4.39% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 118 | $26,710,000 | $226,356 | $5,556 | 4.39% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 98 | $23,070,000 | $235,408 | $5,544 | 4.33% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 131 | $21,205,000 | $161,870 | $4,954 | 4.49% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 59 | $17,885,000 | $303,136 | $8,110 | 4.40% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 67 | $14,335,000 | $213,955 | $6,683 | 4.46% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 45 | $11,215,000 | $249,222 | $7,550 | 4.77% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 48 | $10,810,000 | $225,208 | $5,017 | 4.36% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 31 | $10,285,000 | $331,774 | $7,445 | 4.30% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 23 | $9,405,000 | $408,913 | $5,990 | 3.99% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 33 | $7,425,000 | $225,000 | $4,503 | 4.30% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 38 | $7,190,000 | $189,211 | $5,296 | 4.29% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 17 | $7,145,000 | $420,294 | $5,592 | 4.29% |
| Outside of Metro Areas | 25 | $4,775,000 | $191,000 | $4,618 | 4.55% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 16 | $3,410,000 | $213,125 | $6,515 | 4.42% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 30 | $3,260,000 | $108,667 | $4,801 | 4.44% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 10 | $2,930,000 | $293,000 | $7,503 | 4.30% |
| READING, PA (FHA|USDA|VA) | 12 | $2,620,000 | $218,333 | $5,662 | 4.22% |
| CLEVELAND, TN (FHA|USDA|VA) | 7 | $1,745,000 | $249,286 | $3,848 | 4.50% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 8 | $1,490,000 | $186,250 | $3,487 | 4.08% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 8 | $1,280,000 | $160,000 | $4,728 | 4.09% |
| Pottsville, PA (FHA|USDA|VA) | 10 | $1,210,000 | $121,000 | $5,534 | 4.36% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 6 | $1,170,000 | $195,000 | $3,947 | 3.73% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 8 | $1,100,000 | $137,500 | $3,869 | 3.55% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $1,045,000 | $149,286 | $4,350 | 4.61% |
| Torrington, CT (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $4,144 | 4.07% |
| KINGSTON, NY (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $6,463 | 3.91% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $5,275 | 3.91% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $4,622 | 4.08% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $6,721 | 4.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $6,164 | 3.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $7,153 | 4.67% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $3,982 | 4.67% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $6,646 | 4.47% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $5,063 | 3.92% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $3,006 | 3.71% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $8,401 | 3.88% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $6,678 | 4.75% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $7,826 | 4.42% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $5,767 | 4.54% |
| Sanford, NC (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $6,526 | 4.54% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 5 | $475,000 | $95,000 | $2,612 | 3.05% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $10,491 | 4.12% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,873 | 6.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,496 | 4.56% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $4,805 | 4.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $6,571 | 4.92% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,162 | 4.06% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $7,393 | 4.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,231 | 4.50% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,839 | 4.38% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $1,655 | 4.49% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $6,450 | 4.38% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,735 | 4.12% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,510 | 3.63% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,841 | 4.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,919 | 4.63% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,946 | 4.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,229 | 5.13% |
| Concord, NH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $12,450 | 5.13% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $5,113 | 3.21% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,227 | 4.13% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,721 | 5.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,610 | 4.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,378 | 4.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,676 | 4.13% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,895 | 4.13% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.75% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,464 | 4.99% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,814 | 3.63% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,916 | 3.88% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.13% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,588 | 2.19% |
| Athens, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,224 | 3.63% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,681 | 3.75% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,695 | 4.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,406 | 5.13% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,516 | 5.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,491 | 4.25% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,282 | 4.75% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.25% |
Their top states include:
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Product Mix
For 2019, Atlantic Home Loans's most frequently originated type of loan was Conventional, with 2,058 originations. Their 2nd most popular type was FHA, with 884 originations.
Loan Reason
For 2019, Atlantic Home Loans's most frequently cited loan purpose was Home Purchase, with 2,586 originations. The 2nd most popular reason was Refi, with 417 originations.
Loan Duration/Length
For 2019, Atlantic Home Loans's most frequently cited loan duration was 30 Year, with 3,075 originations. The 2nd most popular length was 15 Year, with 102 originations.
Origination Fees/Closing Costs
Atlantic Home Loans's average total fees were $5,697, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,308 originations.
Interest Rates
During 2019, Atlantic Home Loans's average interest rate for loans was 4.32%, while their most frequently originated rate bucket for loans was 4-5%, with 1,523 originations.
Loan Sizing
2019 saw Atlantic Home Loans place emphasis on $200k-400k loans with 1,541 originations, totaling $432,685,000 in origination value.
Applicant Income
Atlantic Home Loans lent most frequently to those with incomes in the $50k-75k range, with 796 originations. The second most popular income band? $100k-150k, with 670 originations.
Applicant Debt to Income Ratio
Atlantic Home Loans lent most frequently to those with DTI ratios of 30-36%, with 531 originations. The next most common DTI ratio? 20-30%, with 496 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.16%
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 origination70.58%
Atlantic Home Loans has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,256 | $823,160,000 | $252,813 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 39 | $5,915,000 | $151,667 |
| Single Family (1-4 Units):Site-Built | 3,217 | $817,245,000 | $254,039 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ATLANTIC BAY MORTGAGE GROUP LLC | Conventional home mortgage | Struggling to pay mortgage | 1 | 20.0% |
| ATLANTIC BAY MORTGAGE GROUP LLC | Conventional home mortgage | Trouble during payment process | 3 | 60.0% |
| ATLANTIC BAY MORTGAGE GROUP LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |