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 Home Purchase, Refi, and Cash Out Refi loans. Arlington Community has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Richmond, Baltimore, Myrtle Beach, and Virginia Beach 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 a below average pick rate when compared to similar lenders. Arlington Community 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.57% | 11/21/24 |
| 15 Year Conventional Purchase | 6.78% | 11/21/24 |
| 15 Year Conventional Refi | 5.63% | 11/21/24 |
| 15 Year Cash-out Refi | 5.63% | 11/21/24 |
| 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
121Origination Dollar Volume (All Markets)
$33,525,000Top 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) | 108 | $31,020,000 | $287,222 | $5,406 | 5.25% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $6,269 | 3.75% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $8,054 | 5.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,259 | 5.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,834 | 5.63% |
| Cambridge, MD (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $5,290 | 5.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,229 | 3.63% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $671 | 4.79% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $215 | 4.75% |
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 |
|---|---|---|---|---|---|
| Conventional | 121 | $33,525,000 | $277,066 | $5,288 | 5.21% |
For 2019, Arlington Community's most frequently originated type of loan was Conventional, with 121 originations.
Loan Reason
For 2019, Arlington Community's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
For 2019, Arlington Community's most frequently cited loan duration was 30 Year, with 48 originations. The 2nd most popular length was 15 Year, with 32 originations.
Origination Fees/Closing Costs
Arlington Community's average total fees were $8,257, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 26 originations.
Interest Rates
During 2019, Arlington Community's average interest rate for loans was 4.14%, while their most frequently originated rate bucket for loans was 4-5%, with 35 originations.
Loan Sizing
2019 saw Arlington Community place emphasis on $100,000 or less loans with 45 originations, totaling $2,555,000 in origination value.
Applicant Income
Arlington Community lent most frequently to those with incomes in the $150k-250k range, with 40 originations. The second most popular income band? $100k-150k, with 38 originations.
Applicant Debt to Income Ratio
Arlington Community lent most frequently to those with DTI ratios of 20-30%, with 33 originations. The next most common DTI ratio? 30-36%, with 24 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.25%
Arlington Community has an average approval rate.
Pick Rate
Approvals leading to origination85.12%
Arlington Community has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 121 | $33,525,000 | $277,066 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 121 | $33,525,000 | $277,066 |