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, 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.57% | 4/21/24 |
| 15 Year Conventional Purchase | 6.78% | 4/21/24 |
| 15 Year Conventional Refi | 5.63% | 4/21/24 |
| 15 Year Cash-out Refi | 5.63% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
292Origination Dollar Volume (All Markets)
$38,790,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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 | 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
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
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
2023 saw Arlington Community place emphasis on $100,000 or less loans with 121 originations, totaling $7,595,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications78.31%
Arlington Community has a below average approval rate.
Pick Rate
Approvals leading to origination82.88%
Arlington Community has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 292 | $38,790,000 | $132,842 |