Arlington Community Mortgage Rates, Fees & Info

Falls Church, VA

LEI: 549300MTZQME2DHKE115

Tax ID: 54-0695376

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

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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, Richmond, Virginia Beach, and Staunton among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Arlington Community 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.57% 5/26/24
15 Year Conventional Purchase 6.78% 5/26/24
15 Year Conventional Refi 5.63% 5/26/24
15 Year Cash-out Refi 5.63% 5/26/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Arlington Community. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

292

Origination Dollar Volume (All Markets)

$38,790,000

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
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 267 $35,985,000 $134,775 $902 8.63%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 14 $2,070,000 $147,857 $783 9.19%
RICHMOND, VA (FHA|USDA|VA) 4 $220,000 $55,000 $775 9.50%
Outside of Metro Areas 4 $210,000 $52,500 $778 7.84%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $125,000 $125,000 $0 8.75%
STAUNTON, VA (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.00%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.75%
Arlington Community's top markets include Washington, Baltimore, Richmond, Virginia Beach, and Staunton among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • 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.

    IDB Global Federal Credit Union
    Similarity Rank: 416
    Member Options, LLC
    Similarity Rank: 576
    EagleBank
    Similarity Rank: 1131
    CNB Bank Inc.
    Similarity Rank: 1152
    NATIONAL COOPERATIVE BANK, N.A.
    Similarity Rank: 1620
    City National Bank of West Virginia
    Similarity Rank: 1628
    Virginia Credit Union, Inc.
    Similarity Rank: 1712
    LIBRARY OF CONGRESS
    Similarity Rank: 1792

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 226 $31,140,000 $137,788 n/a 8.76%
    Conventional 66 $7,650,000 $115,909 $896 8.28%

    For 2023, Arlington Community's most frequently originated type of loan was HELOC, with 226 originations. Their 2nd most popular type was Conventional, with 66 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 175 $22,485,000 $128,486 $853 8.64%
    Home Improvement 92 $12,210,000 $132,717 $927 8.67%
    Home Purchase 16 $2,630,000 $164,375 $1,412 9.04%
    Refi 9 $1,465,000 $162,778 $901 8.13%

    For 2023, Arlington Community's most frequently cited loan purpose was Other, with 175 originations. The 2nd most popular reason was Home Improvement, with 92 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 226 $31,140,000 $137,788 $0 8.76%
    20 Year 29 $4,705,000 $162,241 $1,050 8.46%
    15 Year 23 $2,065,000 $89,783 $812 8.48%
    10 Year 14 $880,000 $62,857 $716 7.59%

    For 2023, Arlington Community's most frequently cited loan duration was Other, with 226 originations. The 2nd most popular length was 20 Year, with 29 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 63 $7,275,000 $115,476
    $1k-2k 2 $210,000 $105,000
    $2k-3k 1 $165,000 $165,000

    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 63 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 211 $28,385,000 $134,526
    7-8% 70 $8,780,000 $125,429
    6-7% 5 $845,000 $169,000
    5-6% 1 $105,000 $105,000

    During 2023, Arlington Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 211 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 121 $7,595,000 $62,769 $769 8.73%
    $100k-200k 98 $13,200,000 $134,694 $1,053 8.62%
    $200k-400k 73 $17,995,000 $246,507 $1,042 8.56%

    2023 saw Arlington Community place emphasis on $100,000 or less loans with 121 originations, totaling $7,595,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 96 $12,840,000 $133,750 $784 8.72%
    $250k+ 82 $15,860,000 $193,415 $1,102 8.65%
    $100k-150k 59 $6,095,000 $103,305 $912 8.48%
    $75k-100k 32 $2,400,000 $75,000 $985 8.53%
    $50k-75k 19 $1,205,000 $63,421 $828 8.94%
    $50k or less 3 $135,000 $45,000 $628 9.63%

    Arlington Community lent most frequently to those with incomes in the $150k-250k range, with 96 originations. The second most popular income band? $250k+, with 82 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 53 $8,255,000 $155,755 $986 8.57%
    30-36% 37 $4,585,000 $123,919 $770 8.70%
    49% 27 $3,275,000 $121,296 $1,313 8.45%
    47% 16 $2,340,000 $146,250 $746 8.64%
    45% 15 $2,005,000 $133,667 $695 8.63%
    43% 15 $1,715,000 $114,333 $757 8.70%
    39% 13 $1,675,000 $128,846 $725 8.91%
    46% 13 $1,975,000 $151,923 $966 9.04%
    <20% 12 $2,030,000 $169,167 $750 8.47%
    37% 12 $1,800,000 $150,000 $750 8.43%
    42% 12 $1,000,000 $83,333 $790 8.55%
    44% 11 $1,195,000 $108,636 $763 8.50%
    36% 11 $1,765,000 $160,455 $1,448 8.34%
    48% 10 $1,080,000 $108,000 $0 8.65%
    40% 9 $1,095,000 $121,667 $1,208 8.76%
    41% 9 $1,155,000 $128,333 $775 9.39%
    38% 8 $1,010,000 $126,250 $1,149 9.50%
    50-60% 7 $535,000 $76,429 $719 8.29%
    >60% 2 $300,000 $150,000 $750 7.94%

    Arlington Community lent most frequently to those with DTI ratios of 20-30%, with 53 originations. The next most common DTI ratio? 30-36%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 127 $18,665,000 $146,969 $1,026 8.64%
    Not provided 105 $13,045,000 $124,238 $795 8.47%
    Black 40 $4,470,000 $111,750 $832 8.97%
    Asian 9 $1,305,000 $145,000 $750 8.86%
    Other Asian 5 $735,000 $147,000 $769 8.88%
    Korean 2 $280,000 $140,000 $0 9.13%
    American Indian 1 $105,000 $105,000 $516 9.50%
    Asian Indian 1 $95,000 $95,000 $0 9.00%
    Filipino 1 $65,000 $65,000 $750 7.75%
    Other Pacific Islander 1 $25,000 $25,000 $0 11.75%

    Approval Rates

    Total approvals of all applications
    78.31%

    Arlington Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.88%

    Arlington Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 292 $38,790,000 $132,842

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    292 $38,790,000 $132,842

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 84 $15,410,000 $183,452 $1,075 8.75%
    40-60% 7 $1,185,000 $169,286 $750 8.82%
    60-80% 3 $505,000 $168,333 $0 8.83%
    Under 20% 198 $21,690,000 $109,545 $808 8.60%