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 Refi, Home Purchase, and Home Improvement loans. Arlington Community has a high proportion of conventional loans. Their top two markets are Washington and Hagerstown .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.
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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
40Origination Dollar Volume (All Markets)
$3,430,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 39 | $3,385,000 | $86,795 | $521 | 5.49% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $460 | 5.75% |
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.
Similarity Rank: 1100
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Similarity Rank: 1920
Similarity Rank: 2052
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Similarity Rank: 2964
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $3,430,000 | $85,750 | $519 | 5.49% |
For 2020, Arlington Community's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
For 2020, Arlington Community's most frequently cited loan purpose was Refi, with 14 originations. The 2nd most popular reason was Home Purchase, with 10 originations.
Loan Duration/Length
For 2020, Arlington Community's most frequently cited loan duration was 15 Year, with 16 originations. The 2nd most popular length was 20 Year, with 12 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 39 | $3,395,000 | $87,051 |
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 39 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 11 | $625,000 | $56,818 |
| 4-5% | 9 | $1,085,000 | $120,556 |
| 5-6% | 8 | $570,000 | $71,250 |
| 6-7% | 8 | $900,000 | $112,500 |
| Over 8% | 3 | $195,000 | $65,000 |
| 7-8% | 1 | $55,000 | $55,000 |
During 2020, Arlington Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 11 originations.
Loan Sizing
2020 saw Arlington Community place emphasis on $100,000 or less loans with 27 originations, totaling $1,365,000 in origination value.
Applicant Income
Arlington Community lent most frequently to those with incomes in the $150k-250k range, with 12 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
Arlington Community lent most frequently to those with DTI ratios of 20-30%, with 12 originations. The next most common DTI ratio? 30-36%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.25%
Arlington Community has a below average approval rate.
Pick Rate
Approvals leading to origination77.50%
Arlington Community has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 40 | $3,430,000 | $85,750 |