Argent Mortgage Rates, Fees & Info
Chester, VALEI: 549300GBD8RBYHSIS855
Tax ID: 54-0623641
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Mortgage Data
Review & Overview
Argent is a smaller mortgage company specializing in Refi and Home Improvement loans. Argent has a high proportion of conventional loans. Their top markets by origination volume include: Richmond, Virginia Beach, and Washington among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Argent has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
196Origination Dollar Volume (All Markets)
$38,430,000Top 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 |
|---|---|---|---|---|---|
| RICHMOND, VA (FHA|USDA|VA) | 184 | $36,080,000 | $196,087 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $1,650,000 | $206,250 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 196 | $38,430,000 | $196,071 | $0 | 0.00% |
For 2020, Argent's most frequently originated type of loan was Conventional, with 196 originations.
Loan Reason
For 2020, Argent's most frequently cited loan purpose was Refi, with 90 originations. The 2nd most popular reason was Home Improvement, with 53 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 196 | $38,430,000 | $196,071 | $0 | 0.00% |
For 2020, Argent's most frequently cited loan duration was Other, with 196 originations.
Loan Sizing
2020 saw Argent place emphasis on $200k-400k loans with 84 originations, totaling $22,620,000 in origination value.
Applicant Income
Argent lent most frequently to those with incomes in the $100k-150k range, with 54 originations. The second most popular income band? $50k-75k, with 42 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 196 | $38,430,000 | $196,071 | $0 | 0.00% |
Argent lent most frequently to those with DTI ratios of Exempt%, with 196 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.62%
Argent has a below average approval rate.
Pick Rate
Approvals leading to origination90.82%
Argent has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 196 | $38,430,000 | $196,071 |