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 Cash Out Refi and Home Purchase loans. Argent has a high proportion of conventional loans. Their top two markets are Richmond and Virginia Beach .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.
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Originations
80Origination Dollar Volume (All Markets)
$10,480,000Top 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) | 74 | $9,410,000 | $127,162 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $705,000 | $141,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 80 | $10,480,000 | $131,000 | $0 | 0.00% |
For 2022, Argent's most frequently originated type of loan was Conventional, with 80 originations.
Loan Reason
For 2022, Argent's most frequently cited loan purpose was Cash Out Refi, with 29 originations. The 2nd most popular reason was Other, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 80 | $10,480,000 | $131,000 | $0 | 0.00% |
For 2022, Argent's most frequently cited loan duration was Other, with 80 originations.
Loan Sizing
2022 saw Argent place emphasis on $100,000 or less loans with 48 originations, totaling $2,490,000 in origination value.
Applicant Income
Argent lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $50k-75k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 80 | $10,480,000 | $131,000 | $0 | 0.00% |
Argent lent most frequently to those with DTI ratios of Exempt%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.15%
Argent has a below average approval rate.
Pick Rate
Approvals leading to origination58.75%
Argent has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 80 | $10,480,000 | $131,000 |