Atlantic Coast Mortgage Rates, Fees & Info
GLEN ALLEN, VALEI: 54930095UWUUXAWASB02
Tax ID: 61-1645461
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Mortgage Data
Review & Overview
Atlantic Coast Mortgage is a small mortgage company specializing in Home Purchase and Refi 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, Charleston, Baltimore, and Virginia Beach among others. We have data for 54 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.53% | 4/22/24 |
| 30 Year Conventional Refi | 6.43% | 4/22/24 |
| 30 Year Cash-out Refi | 6.75% | 4/22/24 |
| 30 Year FHA Purchase | 7.22% | 4/22/24 |
| 30 Year FHA Refi | 7.23% | 4/22/24 |
| 30 Year VA Purchase | 6.10% | 4/22/24 |
| 30 Year VA Refi | 5.76% | 4/22/24 |
| 30 Year USDA Purchase | 6.66% | 4/22/24 |
| 15 Year Conventional Purchase | 6.05% | 4/22/24 |
| 15 Year Conventional Refi | 5.86% | 4/22/24 |
| 15 Year Cash-out Refi | 5.86% | 4/22/24 |
| 15 Year VA Purchase | 6.15% | 4/22/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,417Origination Dollar Volume (All Markets)
$1,693,845,000Awards
Atlantic Coast Mortgage - 2019
Atlantic Coast Mortgage 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3,297 | $1,392,045,000 | $422,216 | $7,113 | 4.03% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 226 | $61,690,000 | $272,965 | $5,379 | 4.03% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 124 | $43,860,000 | $353,710 | $5,972 | 4.19% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 138 | $43,100,000 | $312,319 | $5,830 | 4.10% |
| Outside of Metro Areas | 188 | $41,690,000 | $221,755 | $6,108 | 4.01% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 167 | $41,085,000 | $246,018 | $5,826 | 4.10% |
| RICHMOND, VA (FHA|USDA|VA) | 73 | $19,475,000 | $266,781 | $6,219 | 4.04% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 51 | $12,155,000 | $238,333 | $5,753 | 4.04% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 15 | $5,205,000 | $347,000 | $7,084 | 4.15% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 12 | $2,810,000 | $234,167 | $6,347 | 4.19% |
| HARRISONBURG, VA (FHA|USDA|VA) | 11 | $2,675,000 | $243,182 | $4,337 | 4.23% |
| Easton, MD (FHA|USDA|VA) | 7 | $2,445,000 | $349,286 | $5,321 | 4.18% |
| STAUNTON, VA (FHA|USDA|VA) | 13 | $2,395,000 | $184,231 | $4,844 | 4.21% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 7 | $2,305,000 | $329,286 | $4,400 | 4.59% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 7 | $1,855,000 | $265,000 | $3,300 | 4.04% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,680,000 | $280,000 | $4,491 | 3.73% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 6 | $1,340,000 | $223,333 | $3,825 | 4.10% |
| LYNCHBURG, VA (FHA|USDA|VA) | 7 | $1,335,000 | $190,714 | $4,747 | 4.16% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $4,056 | 4.63% |
| ROANOKE, VA (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $4,943 | 3.93% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $3,425 | 4.06% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $3,234 | 3.92% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $3,488 | 4.21% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $7,218 | 3.88% |
| Altus, OK (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $6,903 | 3.46% |
| Key West, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,296 | 3.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $2,928 | 4.31% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $4,534 | 4.50% |
| Brevard, NC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,902 | 3.88% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $7,179 | 4.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,684 | 4.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,542 | 4.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,225 | 4.50% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,632 | 4.63% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,814 | 4.44% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,382 | 4.38% |
| Elizabeth City, NC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,210 | 4.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,954 | 4.00% |
| FLORENCE, SC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,106 | 4.31% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,796 | 5.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,150 | 3.63% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,572 | 4.13% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,615 | 3.75% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,251 | 4.13% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,526 | 3.50% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,655 | 4.38% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 3.50% |
| Meadville, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,372 | 3.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,919 | 4.75% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,634 | 4.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,620 | 3.88% |
| Danville, VA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 3.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,577 | 5.00% |
| Washington, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,588 | 4.88% |
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.
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Product Mix
For 2019, Atlantic Coast Mortgage's most frequently originated type of loan was Conventional, with 3,152 originations. Their 2nd most popular type was VA, with 728 originations.
Loan Reason
For 2019, Atlantic Coast Mortgage's most frequently cited loan purpose was Home Purchase, with 3,289 originations. The 2nd most popular reason was Refi, with 887 originations.
Loan Duration/Length
For 2019, Atlantic Coast Mortgage's most frequently cited loan duration was 30 Year, with 4,210 originations. The 2nd most popular length was 15 Year, with 138 originations.
Origination Fees/Closing Costs
Atlantic Coast Mortgage's average total fees were $6,872, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,711 originations.
Interest Rates
During 2019, Atlantic Coast Mortgage's average interest rate for loans was 4.06%, while their most frequently originated rate bucket for loans was 3-4%, with 2,548 originations.
Loan Sizing
2019 saw Atlantic Coast Mortgage place emphasis on $200k-400k loans with 1,939 originations, totaling $584,625,000 in origination value.
Applicant Income
Atlantic Coast Mortgage lent most frequently to those with incomes in the $100k-150k range, with 1,108 originations. The second most popular income band? $150k-250k, with 932 originations.
Applicant Debt to Income Ratio
Atlantic Coast Mortgage lent most frequently to those with DTI ratios of 20-30%, with 843 originations. The next most common DTI ratio? 30-36%, with 773 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.67%
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 origination82.16%
Atlantic Coast Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,417 | $1,693,845,000 | $383,483 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 25 | $3,135,000 | $125,400 |
| Single Family (1-4 Units):Site-Built | 4,392 | $1,690,710,000 | $384,952 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ATLANTIC BAY MORTGAGE GROUP LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| 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% |