Argent Mortgage Rates, Fees & Info

Chester, VA

LEI: 549300GBD8RBYHSIS855

Tax ID: 54-0623641

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Argent is a smaller mortgage company specializing in Home Improvement, Refi, and Cash Out Refi loans. Argent has a high proportion of conventional loans. Their top (well, only) market is Richmond.

    Argent has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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

    96

    Origination Dollar Volume (All Markets)

    $13,530,000

    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
    RICHMOND, VA (FHA|USDA|VA) 96 $13,530,000 $140,938 $0 0.00%
    Argent's top markets include and Richmond among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 96 $13,530,000 $140,938 $0 0.00%

    For 2021, Argent's most frequently originated type of loan was Conventional, with 96 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 35 $3,735,000 $106,714 $0 0.00%
    Refi 32 $5,060,000 $158,125 $0 0.00%
    Cash Out Refi 22 $3,630,000 $165,000 $0 0.00%
    Home Purchase 7 $1,105,000 $157,857 $0 0.00%

    For 2021, Argent's most frequently cited loan purpose was Home Improvement, with 35 originations. The 2nd most popular reason was Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 96 $13,530,000 $140,938 $0 0.00%

    For 2021, Argent's most frequently cited loan duration was Other, with 96 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 46 $6,650,000 $144,565 $0 0.00%
    $100,000 or less 33 $2,065,000 $62,576 $0 0.00%
    $200k-400k 15 $3,885,000 $259,000 $0 0.00%
    $400k-600k 2 $930,000 $465,000 $0 0.00%

    2021 saw Argent place emphasis on $100k-200k loans with 46 originations, totaling $6,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 30 $3,550,000 $118,333 $0 0.00%
    $50k or less 21 $2,335,000 $111,190 $0 0.00%
    $75k-100k 20 $2,480,000 $124,000 $0 0.00%
    $150k-250k 14 $3,250,000 $232,143 $0 0.00%
    $100k-150k 10 $1,610,000 $161,000 $0 0.00%

    Argent lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $50k or less, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 96 $13,530,000 $140,938 $0 0.00%

    Argent lent most frequently to those with DTI ratios of Exempt%, with 96 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 49 $7,235,000 $147,653 $0 0.00%
    Not provided 25 $3,465,000 $138,600 $0 0.00%
    Black 19 $1,905,000 $100,263 $0 0.00%
    American Indian 3 $925,000 $308,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    78.66%

    Argent has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.21%

    Argent has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 96 $13,530,000 $140,938

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    96 $13,530,000 $140,938