Calatlantic Morgage Mortgage Rates, Fees & Info

Scottsdale, AZ

LEI: 549300JBD5VDWSZ9N462

Tax ID: 30-0583815

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
  • 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

    Calatlantic Morgage is a smaller mortgage company specializing in Home Purchase loans. Calatlantic Morgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Phoenix, Orlando, Dallas, and Austin among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Calatlantic Morgage 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. Calatlantic Morgage 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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    Originations

    1,042

    Origination Dollar Volume (All Markets)

    $341,670,000
    Show all (35) 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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 86 $27,720,000 $322,326 $4,203 4.07%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 87 $25,275,000 $290,517 $5,360 4.34%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 68 $19,480,000 $286,471 $5,928 4.39%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 49 $19,045,000 $388,673 $6,467 4.04%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 59 $18,625,000 $315,678 $5,543 4.10%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 67 $18,565,000 $277,090 $5,963 4.29%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 29 $17,025,000 $587,069 $7,288 4.13%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 50 $15,240,000 $304,800 $6,480 4.37%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 51 $15,045,000 $295,000 $4,829 4.19%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 51 $14,645,000 $287,157 $3,485 4.23%
    RALEIGH-CARY, NC (FHA|USDA|VA) 47 $14,395,000 $306,277 $4,003 4.06%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 37 $14,005,000 $378,514 $6,815 4.25%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 20 $8,980,000 $449,000 $6,644 4.14%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 26 $8,810,000 $338,846 $3,319 4.19%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 23 $8,625,000 $375,000 $4,619 4.28%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 33 $8,365,000 $253,485 $5,621 4.32%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 23 $8,155,000 $354,565 $7,050 4.24%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 39 $8,115,000 $208,077 $4,518 4.43%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 20 $7,450,000 $372,500 $5,676 4.19%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 20 $7,260,000 $363,000 $6,059 4.28%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 12 $6,460,000 $538,333 $5,672 4.17%
    JACKSONVILLE, FL (FHA|USDA|VA) 18 $6,200,000 $344,444 $7,971 4.22%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 23 $6,175,000 $268,478 $4,290 3.85%
    STOCKTON, CA (FHA|USDA|VA) 13 $5,495,000 $422,692 $5,921 4.40%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 17 $5,395,000 $317,353 $7,017 4.01%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 9 $4,895,000 $543,889 $6,837 4.13%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 15 $4,275,000 $285,000 $6,111 4.29%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $4,020,000 $670,000 $7,311 4.17%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 13 $3,495,000 $268,846 $3,045 4.22%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $3,030,000 $505,000 $10,197 3.75%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 10 $1,730,000 $173,000 $2,690 4.11%
    BAKERSFIELD, CA (FHA|USDA|VA) 4 $1,220,000 $305,000 $7,358 4.09%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $9,136 4.38%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $860,000 $430,000 $2,520 4.25%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $835,000 $278,333 $6,335 3.63%
    GAINESVILLE, GA (FHA|USDA|VA) 2 $760,000 $380,000 $7,887 4.19%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $395,000 $395,000 $2,884 4.13%
    GREELEY, CO (FHA|USDA|VA) 1 $345,000 $345,000 $4,005 4.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $215,000 $215,000 $7,341 4.63%
    Calatlantic Morgage's top markets include Minneapolis, Phoenix, Orlando, Dallas, and Austin among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Similar Lenders

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

    UNITED
    Similarity Rank: 28
    MYPOINT Credit Union
    Similarity Rank: 55
    McCoy Federal Credit Union
    Similarity Rank: 60
    Iron Workers Savings Bank
    Similarity Rank: 63
    Liberty Bank for Savings
    Similarity Rank: 104
    Haddon Savings Bank
    Similarity Rank: 116
    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
    FRONTWAVE
    Similarity Rank: 176

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 815 $268,385,000 $329,307 $4,475 4.19%
    FHA 113 $32,315,000 $285,973 $8,986 4.39%
    VA 112 $40,460,000 $361,250 $9,082 4.14%
    USDA 2 $510,000 $255,000 $5,133 4.31%

    For 2018, Calatlantic Morgage's most frequently originated type of loan was Conventional, with 815 originations. Their 2nd most popular type was FHA, with 113 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,042 $341,670,000 $327,898 $5,452 4.21%

    For 2018, Calatlantic Morgage's most frequently cited loan purpose was Home Purchase, with 1,042 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 957 $319,925,000 $334,300 $5,579 4.26%
    15 Year 71 $18,355,000 $258,521 $4,173 3.60%
    20 Year 11 $3,005,000 $273,182 $3,368 3.98%
    10 Year 3 $385,000 $128,333 $3,152 3.46%

    For 2018, Calatlantic Morgage's most frequently cited loan duration was 30 Year, with 957 originations. The 2nd most popular length was 15 Year, with 71 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 529 $176,325,000 $333,318
    $<1k 281 $81,545,000 $290,196
    $2k-3k 76 $25,420,000 $334,474
    $5k+ 57 $23,305,000 $408,860
    $3k-4k 56 $19,110,000 $341,250
    $4k-5k 43 $15,965,000 $371,279

    Calatlantic Morgage's average total fees were $5,579, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 529 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 640 $210,230,000 $328,484
    3-4% 381 $125,765,000 $330,092
    5-6% 19 $5,165,000 $271,842
    2.5-3% 1 $245,000 $245,000
    6-7% 1 $265,000 $265,000

    During 2018, Calatlantic Morgage's average interest rate for loans was 4.26%, while their most frequently originated rate bucket for loans was 4-5%, with 640 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 666 $194,280,000 $291,712 $5,324 4.22%
    $400k-600k 234 $106,290,000 $454,231 $6,279 4.18%
    $100k-200k 97 $15,365,000 $158,402 $3,547 4.21%
    $600k-1MM 35 $24,025,000 $686,429 $8,171 4.18%
    $100,000 or less 9 $665,000 $73,889 $2,741 4.24%
    $1MM+ 1 $1,045,000 $1,045,000 $9,136 4.38%

    2018 saw Calatlantic Morgage place emphasis on $200k-400k loans with 666 originations, totaling $194,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 360 $124,120,000 $344,778 $5,373 4.21%
    $75k-100k 211 $60,205,000 $285,332 $5,652 4.22%
    $150k-250k 209 $84,225,000 $402,990 $5,808 4.15%
    $50k-75k 171 $42,585,000 $249,035 $5,254 4.29%
    $250k+ 52 $22,650,000 $435,577 $5,275 4.11%
    $50k or less 39 $7,885,000 $202,179 $4,284 4.28%

    Calatlantic Morgage lent most frequently to those with incomes in the $100k-150k range, with 360 originations. The second most popular income band? $75k-100k, with 211 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 206 $69,750,000 $338,592 $4,946 4.18%
    20-30% 198 $63,190,000 $319,141 $4,670 4.08%
    50-60% 84 $27,450,000 $326,786 $9,088 4.28%
    <20% 57 $15,805,000 $277,281 $3,824 4.04%
    41% 45 $14,865,000 $330,333 $5,026 4.25%
    44% 42 $14,480,000 $344,762 $5,462 4.32%
    48% 39 $11,775,000 $301,923 $5,673 4.32%
    40% 38 $13,410,000 $352,895 $5,053 4.26%
    46% 37 $11,495,000 $310,676 $6,172 4.28%
    45% 36 $11,320,000 $314,444 $5,344 4.26%
    43% 36 $11,300,000 $313,889 $5,154 4.26%
    49% 35 $11,685,000 $333,857 $5,938 4.38%
    42% 32 $11,410,000 $356,563 $6,257 4.37%
    36% 32 $10,280,000 $321,250 $4,781 4.28%
    37% 32 $11,530,000 $360,313 $5,674 4.27%
    39% 31 $10,785,000 $347,903 $5,833 4.16%
    38% 30 $10,380,000 $346,000 $5,018 4.30%
    47% 25 $8,705,000 $348,200 $6,276 4.24%
    >60% 6 $1,700,000 $283,333 $7,282 4.31%

    Calatlantic Morgage lent most frequently to those with DTI ratios of 30-36%, with 206 originations. The next most common DTI ratio? 20-30%, with 198 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 601 $185,985,000 $309,459 $5,174 4.24%
    Asian 189 $72,065,000 $381,296 $5,494 4.10%
    Not provided 154 $50,550,000 $328,247 $5,380 4.19%
    Black 80 $26,460,000 $330,750 $7,235 4.25%
    Native Hawaiian or Islander 7 $2,625,000 $375,000 $7,097 4.20%
    American Indian 4 $1,570,000 $392,500 $8,878 4.19%
    Asian Indian 4 $1,200,000 $300,000 $5,337 4.44%
    Filipino 1 $455,000 $455,000 $9,658 4.75%
    Chinese 1 $415,000 $415,000 $3,246 4.25%
    Korean 1 $345,000 $345,000 $5,251 4.50%

    Approval Rates

    Total approvals of all applications
    94.70%

    Calatlantic Morgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    51.44%

    Calatlantic Morgage 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
    NA 1,042 $341,670,000 $327,898

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,042 $341,670,000 $327,898

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 55 $9,005,000 $163,727 $3,577 3.98%
    40-60% 67 $18,505,000 $276,194 $4,039 3.97%
    60-80% 300 $103,450,000 $344,833 $4,775 4.21%
    80-100% 544 $184,550,000 $339,246 $5,656 4.26%
    Over 100% 36 $13,880,000 $385,556 $14,488 4.26%
    Under 20% 3 $245,000 $81,667 $3,213 4.29%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CalAtlantic Financial Services, Inc., Scottsdale, AZ Branch Other type of mortgage Closing on a mortgage 1 100.0%