Atlantic Coast Mortgage Rates, Fees & Info

GLEN ALLEN, VA

LEI: 54930095UWUUXAWASB02

Tax ID: 61-1645461

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

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  • 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

    Atlantic Coast Mortgage is a small mortgage company specializing in Home Purchase loans. Atlantic Coast Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Washington, Charlottesville, Baltimore, Charleston, and Richmond among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Atlantic Coast Mortgage 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 Coast Mortgage 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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.53% 12/16/24
    30 Year Conventional Refi 6.43% 12/16/24
    30 Year Cash-out Refi 6.75% 12/16/24
    30 Year FHA Purchase 7.22% 12/16/24
    30 Year FHA Refi 7.23% 12/16/24
    30 Year VA Purchase 6.10% 12/16/24
    30 Year VA Refi 5.76% 12/16/24
    30 Year USDA Purchase 6.66% 12/16/24
    15 Year Conventional Purchase 6.05% 12/16/24
    15 Year Conventional Refi 5.86% 12/16/24
    15 Year Cash-out Refi 5.86% 12/16/24
    15 Year VA Purchase 6.15% 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.

    Atlantic Coast Mortgage Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Atlantic Coast Mortgage. 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

    3,239

    Origination Dollar Volume (All Markets)

    $1,191,915,000
    Show all (9) 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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2,592 $1,029,490,000 $397,180 $6,926 4.58%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 189 $45,865,000 $242,672 $5,072 4.56%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 110 $33,850,000 $307,727 $6,064 4.63%
    Outside of Metro Areas 147 $30,405,000 $206,837 $5,799 4.62%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 26 $9,020,000 $346,923 $6,375 4.87%
    RICHMOND, VA (FHA|USDA|VA) 33 $8,295,000 $251,364 $4,920 4.59%
    WINCHESTER, VA-WV (FHA|USDA|VA) 27 $5,655,000 $209,444 $4,742 4.83%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 15 $3,975,000 $265,000 $5,754 4.53%
    HARRISONBURG, VA (FHA|USDA|VA) 12 $3,140,000 $261,667 $4,275 4.74%
    STAUNTON, VA (FHA|USDA|VA) 17 $2,725,000 $160,294 $4,678 4.75%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 10 $2,050,000 $205,000 $5,550 4.53%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,950,000 $325,000 $5,299 4.79%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $1,765,000 $588,333 $9,307 4.54%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $1,530,000 $255,000 $4,715 5.02%
    SALISBURY, MD-DE (FHA|USDA|VA) 4 $1,290,000 $322,500 $5,718 4.97%
    ROANOKE, VA (FHA|USDA|VA) 5 $1,065,000 $213,000 $7,192 4.58%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,025,000 $341,667 $6,171 4.92%
    LYNCHBURG, VA (FHA|USDA|VA) 5 $995,000 $199,000 $3,679 4.63%
    JACKSONVILLE, NC (FHA|USDA|VA) 3 $835,000 $278,333 $7,077 5.08%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $750,000 $375,000 $6,291 4.50%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $680,000 $340,000 $6,132 4.38%
    Key West, FL (FHA|USDA|VA) 1 $625,000 $625,000 $10,417 4.75%
    Easton, MD (FHA|USDA|VA) 1 $605,000 $605,000 $4,714 4.75%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $460,000 $230,000 $2,968 4.75%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $430,000 $215,000 $2,802 4.50%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $430,000 $215,000 $4,158 5.38%
    COLUMBIA, SC (FHA|USDA|VA) 1 $365,000 $365,000 $4,363 4.63%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $345,000 $345,000 $3,700 4.63%
    Forest City, NC (FHA|USDA|VA) 1 $325,000 $325,000 $3,001 4.63%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $315,000 $315,000 $3,922 4.38%
    YORK-HANOVER, PA (FHA|USDA|VA) 2 $280,000 $140,000 $3,788 4.88%
    Arcadia, FL (FHA|USDA|VA) 1 $255,000 $255,000 $9,271 4.50%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $225,000 $225,000 $7,066 4.25%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $175,000 $175,000 $2,682 5.50%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,534 4.50%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $155,000 $155,000 $3,331 4.50%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $145,000 $145,000 $2,624 5.13%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $135,000 $135,000 $5,312 4.63%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,979 4.63%
    Atlantic Coast Mortgage's top markets include Washington, Charlottesville, Baltimore, Charleston, and Richmond among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

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

    ABNB Federal Credit Union
    Similarity Rank: 40
    Iron Workers Savings Bank
    Similarity Rank: 63
    PARK VIEW FEDERAL CREDIT UNION
    Similarity Rank: 84
    UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION,INC.
    Similarity Rank: 96
    DOMINION ENERGY CREDIT UNION
    Similarity Rank: 108
    Haddon Savings Bank
    Similarity Rank: 116
    BEACH MUNICIPAL FEDERAL CREDIT UNION
    Similarity Rank: 123
    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 126
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 135
    Columbia Bank
    Similarity Rank: 136

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,207 $811,745,000 $367,805 $5,227 4.67%
    VA 507 $232,765,000 $459,103 $10,516 4.31%
    FHA 422 $125,070,000 $296,374 $9,409 4.59%
    USDA 92 $20,340,000 $221,087 $6,035 4.37%
    FHA 10 $1,880,000 $188,000 $0 4.77%
    HELOC 1 $115,000 $115,000 n/a 5.00%

    For 2018, Atlantic Coast Mortgage's most frequently originated type of loan was Conventional, with 2,207 originations. Their 2nd most popular type was VA, with 507 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,016 $1,121,960,000 $372,003 $6,761 4.59%
    Refi 94 $31,110,000 $330,957 $4,761 4.43%
    Cash Out Refi 70 $22,580,000 $322,571 $5,518 4.60%
    Other 42 $12,020,000 $286,190 $5,660 4.79%
    Home Improvement 17 $4,245,000 $249,706 $4,497 4.81%

    For 2018, Atlantic Coast Mortgage's most frequently cited loan purpose was Home Purchase, with 3,016 originations. The 2nd most popular reason was Refi, with 94 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,105 $1,154,785,000 $371,911 $6,736 4.61%
    15 Year 92 $26,040,000 $283,043 $4,374 4.12%
    Other 21 $6,355,000 $302,619 $4,266 5.29%
    20 Year 14 $3,760,000 $268,571 $3,607 4.32%
    10 Year 7 $975,000 $139,286 $3,815 3.20%

    For 2018, Atlantic Coast Mortgage's most frequently cited loan duration was 30 Year, with 3,105 originations. The 2nd most popular length was 15 Year, with 92 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,148 $768,460,000 $357,756
    $2k-3k 347 $128,625,000 $370,677
    $5k+ 211 $119,295,000 $565,379
    $<1k 192 $47,380,000 $246,771
    $3k-4k 166 $68,570,000 $413,072
    $4k-5k 101 $42,995,000 $425,693

    Atlantic Coast Mortgage's average total fees were $6,736, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,148 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,566 $961,290,000 $374,626
    5-6% 342 $105,360,000 $308,070
    3-4% 317 $121,085,000 $381,972
    6-7% 8 $2,800,000 $350,000
    7-8% 3 $615,000 $205,000
    <2.5% 2 $10,000 $5,000
    Over 8% 1 $755,000 $755,000

    During 2018, Atlantic Coast Mortgage's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 2,566 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,502 $443,690,000 $295,399 $5,867 4.59%
    $400k-600k 816 $394,510,000 $483,468 $7,653 4.54%
    $100k-200k 416 $66,020,000 $158,702 $4,260 4.68%
    $600k-1MM 366 $254,710,000 $695,929 $9,750 4.56%
    $100,000 or less 115 $4,145,000 $36,043 $3,190 4.83%
    $1MM+ 24 $28,840,000 $1,201,667 $8,838 4.47%

    2018 saw Atlantic Coast Mortgage place emphasis on $200k-400k loans with 1,502 originations, totaling $443,690,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 860 $331,190,000 $385,105 $7,138 4.56%
    $150k-250k 689 $338,885,000 $491,851 $7,190 4.59%
    $75k-100k 591 $178,315,000 $301,717 $6,452 4.59%
    $50k-75k 574 $139,090,000 $242,317 $5,640 4.63%
    $50k or less 263 $42,815,000 $162,795 $4,677 4.64%
    $250k+ 247 $156,825,000 $634,919 $7,550 4.60%

    Atlantic Coast Mortgage lent most frequently to those with incomes in the $100k-150k range, with 860 originations. The second most popular income band? $150k-250k, with 689 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 585 $222,495,000 $380,333 $6,393 4.59%
    20-30% 573 $227,125,000 $396,379 $6,064 4.55%
    50-60% 224 $85,760,000 $382,857 $9,460 4.46%
    44% 175 $59,455,000 $339,743 $6,605 4.71%
    41% 153 $52,145,000 $340,817 $6,942 4.62%
    40% 146 $54,090,000 $370,479 $7,021 4.65%
    42% 133 $42,075,000 $316,353 $6,065 4.65%
    43% 130 $43,630,000 $335,615 $6,343 4.66%
    39% 130 $50,310,000 $387,000 $6,992 4.60%
    38% 122 $42,580,000 $349,016 $6,840 4.61%
    49% 121 $42,955,000 $355,000 $7,378 4.61%
    <20% 120 $42,250,000 $352,083 $4,375 4.52%
    46% 116 $41,990,000 $361,983 $6,154 4.58%
    37% 107 $38,795,000 $362,570 $6,406 4.63%
    36% 104 $38,190,000 $367,212 $5,939 4.65%
    48% 91 $33,745,000 $370,824 $6,532 4.67%
    45% 90 $29,740,000 $330,444 $6,208 4.63%
    47% 82 $29,690,000 $362,073 $7,161 4.57%
    >60% 26 $12,780,000 $491,538 $11,007 4.44%

    Atlantic Coast Mortgage lent most frequently to those with DTI ratios of 30-36%, with 585 originations. The next most common DTI ratio? 20-30%, with 573 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,232 $836,650,000 $374,843 $6,516 4.58%
    Not provided 428 $149,810,000 $350,023 $6,774 4.58%
    Black 301 $94,325,000 $313,372 $7,872 4.73%
    Asian 197 $77,335,000 $392,563 $6,106 4.52%
    Asian Indian 22 $12,020,000 $546,364 $7,792 4.65%
    Chinese 15 $7,375,000 $491,667 $6,581 4.56%
    American Indian 20 $6,100,000 $305,000 $6,526 4.67%
    Korean 5 $2,105,000 $421,000 $5,231 4.53%
    Other Asian 7 $1,875,000 $267,857 $4,525 4.68%
    Native Hawaiian or Islander 4 $1,710,000 $427,500 $11,925 4.50%
    Other Pacific Islander 2 $920,000 $460,000 $14,587 4.75%
    Filipino 2 $770,000 $385,000 $4,479 4.75%
    Japanese 2 $560,000 $280,000 $4,685 4.94%
    Vietnamese 2 $360,000 $180,000 $3,049 5.00%

    Approval Rates

    Total approvals of all applications
    96.81%

    Atlantic Coast Mortgage 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
    81.35%

    Atlantic Coast Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,239 $1,191,915,000 $367,989

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 28 $3,930,000 $140,357
    Single Family (1-4 Units):Site-Built 3,211 $1,187,985,000 $369,974

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 65 $13,875,000 $213,462 $3,882 4.44%
    40-60% 163 $50,755,000 $311,380 $4,619 4.51%
    60-80% 718 $292,390,000 $407,228 $5,266 4.61%
    80-100% 2,051 $764,915,000 $372,947 $6,671 4.61%
    Over 100% 158 $67,980,000 $430,253 $15,441 4.33%
    Under 20% 84 $2,000,000 $23,810 $2,884 4.82%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ATLANTIC PACIFIC MORTGAGE CORP FHA mortgage Trouble during payment process 1 50.0%
    ATLANTIC PACIFIC MORTGAGE CORP Conventional home mortgage Trouble during payment process 1 50.0%