Allen Tate Mortgage Partners Rates, Fees & Info

Charlotte, NC

LEI: 5493005WM8ZE8KHE1R85

Tax ID: 47-5133238

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Allen Tate Mortgage Partners is a smaller mortgage company specializing in Home Purchase loans. Allen Tate Mortgage Partners 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: Charlotte, Raleigh, Greensboro, Winston, and Durham among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Allen Tate Mortgage Partners 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. Allen Tate Mortgage Partners is typically a low 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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.73% 12/16/24
    30 Year Conventional Refi 6.79% 12/16/24
    30 Year Cash-out Refi 7.05% 12/16/24
    30 Year FHA Purchase 7.78% 12/16/24
    30 Year VA Purchase 6.46% 12/16/24
    30 Year USDA Purchase 7.01% 12/16/24
    15 Year Conventional Purchase 6.11% 12/16/24
    15 Year Conventional Refi 6.00% 12/16/24
    15 Year Cash-out Refi 6.00% 12/16/24
    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.

    Allen Tate Mortgage Partners Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Allen Tate Mortgage Partners. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,252

    Origination Dollar Volume (All Markets)

    $340,810,000

    Awards

    Allen Tate Mortgage Partners VA Loans silver Allen Tate Mortgage Partners VA Loans gold
    Show all (2) 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
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 581 $174,995,000 $301,196 $3,899 2.99%
    RALEIGH-CARY, NC (FHA|USDA|VA) 132 $41,670,000 $315,682 $3,624 2.96%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 191 $40,435,000 $211,702 $4,114 3.04%
    WINSTON-SALEM, NC (FHA|USDA|VA) 115 $23,665,000 $205,783 $4,251 3.04%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 39 $12,425,000 $318,590 $3,618 3.03%
    Boone, NC (FHA|USDA|VA) 22 $7,970,000 $362,273 $4,274 3.11%
    BURLINGTON, NC (FHA|USDA|VA) 31 $6,965,000 $224,677 $4,094 3.02%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 26 $4,780,000 $183,846 $4,131 2.80%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 12 $4,080,000 $340,000 $4,007 3.16%
    Outside of Metro Areas 14 $3,670,000 $262,143 $4,096 3.11%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 11 $3,115,000 $283,182 $5,195 2.92%
    SPARTANBURG, SC (FHA|USDA|VA) 12 $3,090,000 $257,500 $4,643 2.83%
    Shelby, NC (FHA|USDA|VA) 17 $2,895,000 $170,294 $3,750 3.10%
    FAYETTEVILLE, NC (FHA|USDA|VA) 9 $1,915,000 $212,778 $3,048 3.19%
    ASHEVILLE, NC (FHA|USDA|VA) 4 $1,120,000 $280,000 $5,508 2.78%
    Seneca, SC (FHA|USDA|VA) 5 $975,000 $195,000 $5,268 3.43%
    Albemarle, NC (FHA|USDA|VA) 5 $965,000 $193,000 $4,002 3.13%
    Morehead City, NC (FHA|USDA|VA) 2 $740,000 $370,000 $6,765 3.63%
    Sanford, NC (FHA|USDA|VA) 3 $695,000 $231,667 $5,685 3.17%
    COLUMBIA, SC (FHA|USDA|VA) 3 $565,000 $188,333 $4,098 3.33%
    North Wilkesboro, NC (FHA|USDA|VA) 2 $520,000 $260,000 $6,880 3.75%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $515,000 $515,000 $2,862 3.25%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $460,000 $230,000 $5,259 3.00%
    Mount Airy, NC (FHA|USDA|VA) 2 $390,000 $195,000 $3,180 3.00%
    Brevard, NC (FHA|USDA|VA) 1 $375,000 $375,000 $4,297 3.25%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $365,000 $365,000 $9,736 3.75%
    WILMINGTON, NC (FHA|USDA|VA) 2 $340,000 $170,000 $2,567 3.31%
    GREENVILLE, NC (FHA|USDA|VA) 2 $270,000 $135,000 $4,888 3.69%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $235,000 $235,000 $4,551 2.63%
    Henderson, NC (FHA|USDA|VA) 1 $225,000 $225,000 $9,685 3.50%
    Wilson, NC (FHA|USDA|VA) 1 $165,000 $165,000 $2,779 2.63%
    Georgetown, SC (FHA|USDA|VA) 1 $135,000 $135,000 $4,372 2.38%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $85,000 $85,000 $4,055 2.13%
    Allen Tate Mortgage Partners's top markets include Charlotte, Raleigh, Greensboro, Winston, and Durham among others.

    Their top states include:
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Allen Tate Mortgage Partners based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    S. C. STATE FEDERAL CREDIT UNION
    Similarity Rank: 323
    First Community Bank
    Similarity Rank: 410
    Greenville Heritage Federal Credit Union
    Similarity Rank: 435
    CAROLINA FOOTHILLS
    Similarity Rank: 484
    Piedmont Federal Savings Bank
    Similarity Rank: 975
    CAROLINA TRUST FEDERAL CREDIT UNION
    Similarity Rank: 1225
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 1980
    DUKE UNIVERSITY FEDERAL CREDIT UNION
    Similarity Rank: 2241
    Peoples Bank
    Similarity Rank: 2440
    GREENVILLE FEDERAL CREDIT UNION
    Similarity Rank: 2736

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,101 $308,415,000 $280,123 $3,659 3.01%
    FHA 97 $20,355,000 $209,845 $7,512 3.13%
    VA 32 $8,000,000 $250,000 $3,898 2.86%
    USDA 22 $4,040,000 $183,636 $5,108 2.82%

    For 2021, Allen Tate Mortgage Partners's most frequently originated type of loan was Conventional, with 1,101 originations. Their 2nd most popular type was FHA, with 97 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 973 $276,325,000 $283,993 $4,285 3.03%
    Refi 220 $51,260,000 $233,000 $2,831 2.87%
    Cash Out Refi 59 $13,225,000 $224,153 $3,506 3.24%

    For 2021, Allen Tate Mortgage Partners's most frequently cited loan purpose was Home Purchase, with 973 originations. The 2nd most popular reason was Refi, with 220 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,119 $311,985,000 $278,807 $4,087 3.05%
    15 Year 94 $19,570,000 $208,191 $3,241 2.47%
    20 Year 30 $7,830,000 $261,000 $3,169 2.87%
    Other 6 $1,250,000 $208,333 $3,048 3.25%
    10 Year 3 $175,000 $58,333 $1,904 3.79%

    For 2021, Allen Tate Mortgage Partners's most frequently cited loan duration was 30 Year, with 1,119 originations. The 2nd most popular length was 15 Year, with 94 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 670 $190,530,000 $284,373
    $1k-2k 374 $85,280,000 $228,021
    $2k-3k 139 $39,045,000 $280,899
    $3k-4k 38 $12,930,000 $340,263
    $5k+ 20 $9,300,000 $465,000
    $4k-5k 11 $3,725,000 $338,636

    Allen Tate Mortgage Partners's average total fees were $4,087, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 670 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 577 $164,425,000 $284,965
    3-4% 514 $141,720,000 $275,720
    <2.5% 140 $31,130,000 $222,357
    4-5% 20 $3,530,000 $176,500
    5-6% 1 $5,000 $5,000

    During 2021, Allen Tate Mortgage Partners's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 2.5-3%, with 577 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 617 $174,435,000 $282,715 $4,074 3.02%
    $100k-200k 369 $57,755,000 $156,518 $3,816 3.04%
    $400k-600k 174 $83,130,000 $477,759 $4,224 2.99%
    $100,000 or less 69 $4,505,000 $65,290 $2,997 2.75%
    $600k-1MM 17 $13,095,000 $770,294 $5,210 3.18%
    $1MM+ 6 $7,890,000 $1,315,000 $6,306 2.92%

    2021 saw Allen Tate Mortgage Partners place emphasis on $200k-400k loans with 617 originations, totaling $174,435,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 310 $68,110,000 $219,710 $4,026 3.05%
    $100k-150k 246 $77,460,000 $314,878 $3,887 3.00%
    $50k or less 243 $39,205,000 $161,337 $3,941 3.01%
    $75k-100k 209 $54,565,000 $261,077 $3,911 2.97%
    $150k-250k 171 $63,425,000 $370,906 $4,088 3.02%
    $250k+ 65 $36,145,000 $556,077 $4,520 3.00%

    Allen Tate Mortgage Partners lent most frequently to those with incomes in the $50k-75k range, with 310 originations. The second most popular income band? $100k-150k, with 246 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 353 $102,365,000 $289,986 $3,673 2.97%
    30-36% 234 $62,070,000 $265,256 $4,106 3.07%
    <20% 127 $34,775,000 $273,819 $3,670 2.87%
    44% 48 $11,870,000 $247,292 $4,413 3.24%
    37% 47 $14,095,000 $299,894 $4,183 2.93%
    42% 46 $12,210,000 $265,435 $4,203 3.05%
    38% 45 $12,145,000 $269,889 $4,253 3.03%
    40% 42 $11,190,000 $266,429 $3,732 3.06%
    36% 41 $10,925,000 $266,463 $4,111 3.07%
    39% 39 $12,125,000 $310,897 $4,360 3.11%
    41% 37 $9,995,000 $270,135 $4,092 2.98%
    49% 36 $8,510,000 $236,389 $4,400 2.88%
    43% 33 $8,515,000 $258,030 $3,840 3.05%
    46% 32 $8,150,000 $254,688 $4,042 3.02%
    45% 24 $5,580,000 $232,500 $4,224 2.89%
    47% 22 $5,890,000 $267,727 $4,167 2.90%
    50-60% 22 $4,540,000 $206,364 $5,750 3.17%
    48% 19 $4,955,000 $260,789 $4,609 3.24%

    Allen Tate Mortgage Partners lent most frequently to those with DTI ratios of 20-30%, with 353 originations. The next most common DTI ratio? 30-36%, with 234 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,073 $295,435,000 $275,336 $3,903 3.00%
    Black 90 $21,880,000 $243,111 $4,783 3.20%
    Asian 65 $17,025,000 $261,923 $4,209 2.94%
    Not provided 18 $5,050,000 $280,556 $4,042 3.07%
    American Indian 5 $1,255,000 $251,000 $5,817 2.85%
    Native Hawaiian or Islander 1 $165,000 $165,000 $2,907 2.88%

    Approval Rates

    Total approvals of all applications
    98.68%

    Allen Tate Mortgage Partners 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
    80.43%

    Allen Tate Mortgage Partners has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,252 $340,810,000 $272,212

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,252 $340,810,000 $272,212

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $7,715,000 $164,149 $3,108 2.77%
    40-60% 133 $31,325,000 $235,526 $3,211 2.82%
    60-80% 405 $119,375,000 $294,753 $3,535 3.07%
    80-100% 647 $180,885,000 $279,575 $4,512 3.06%
    Over 100% 3 $815,000 $271,667 $8,255 2.79%
    Under 20% 17 $695,000 $40,882 $1,980 1.92%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    ALLIANT CREDIT UNION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 26.7%
    ALLIANT CREDIT UNION Conventional home mortgage Closing on a mortgage 1 6.7%
    ALLIANT CREDIT UNION Conventional home mortgage Trouble during payment process 6 40.0%
    ALLIANT CREDIT UNION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    ALLIANT CREDIT UNION Other type of mortgage Incorrect information on your report 1 6.7%
    ALLIANT CREDIT UNION Other type of mortgage Trouble during payment process 2 13.3%