Arlington Community Mortgage Rates, Fees & Info
Falls Church, VALEI: 549300MTZQME2DHKE115
Tax ID: 54-0695376
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Mortgage Data
Review & Overview
Arlington Community is a smaller mortgage company specializing in Other and Home Improvement loans. Arlington Community has an average proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Winchester, Richmond, and Charlottesville among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Arlington Community has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.57% | 9/25/23 |
| 15 Year Conventional Purchase | 6.78% | 9/25/23 |
| 15 Year Conventional Refi | 5.63% | 9/25/23 |
| 15 Year Cash-out Refi | 5.63% | 9/25/23 |
| 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. | ||
Arlington Community Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
597Origination Dollar Volume (All Markets)
$88,305,000Relative Rate
Arlington Community's average 30 year fixed mortgage rate was
4.81%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.05%.
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) | 562 | $84,690,000 | $150,694 | $508 | 4.88% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 12 | $1,460,000 | $121,667 | $263 | 5.41% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 8 | $700,000 | $87,500 | $333 | 4.53% |
| RICHMOND, VA (FHA|USDA|VA) | 6 | $570,000 | $95,000 | $480 | 5.54% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 4.88% |
| Outside of Metro Areas | 4 | $290,000 | $72,500 | $506 | 6.72% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.75% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $491 | 4.00% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against ARLINGTON COMMUNITY 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 506 | $78,050,000 | $154,249 | n/a | 4.81% |
| Conventional | 91 | $10,255,000 | $112,692 | $495 | 5.39% |
For 2022, Arlington Community's most frequently originated type of loan was HELOC, with 506 originations. Their 2nd most popular type was Conventional, with 91 originations.
Loan Reason
For 2022, Arlington Community's most frequently cited loan purpose was Other, with 337 originations. The 2nd most popular reason was Home Improvement, with 178 originations.
Loan Duration/Length
For 2022, Arlington Community's most frequently cited loan duration was 30 Year, with 506 originations. The 2nd most popular length was 20 Year, with 36 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 89 | $9,945,000 | $111,742 |
| $1k-2k | 1 | $205,000 | $205,000 |
Arlington Community's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 89 originations.
Interest Rates
During 2022, Arlington Community's average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 4-5%, with 203 originations.
Loan Sizing
2022 saw Arlington Community place emphasis on $100k-200k loans with 227 originations, totaling $31,665,000 in origination value.
Applicant Income
Arlington Community lent most frequently to those with incomes in the $150k-250k range, with 201 originations. The second most popular income band? $250k+, with 183 originations.
Applicant Debt to Income Ratio
Arlington Community lent most frequently to those with DTI ratios of 20-30%, with 134 originations. The next most common DTI ratio? 30-36%, with 111 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.90%
Arlington Community has an average approval rate.
Pick Rate
Approvals leading to origination96.15%
Arlington Community has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 4 | $360,000 | $90,000 |
| NA | 593 | $87,945,000 | $148,305 |