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 Improvement loans. Arlington Community has a high proportion of conventional loans. Their top (well, only) market is Washington.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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Originations
13Origination Dollar Volume (All Markets)
$885,000Top 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) | 13 | $885,000 | $68,077 | $496 | 4.81% |
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: 546
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 13 | $885,000 | $68,077 | $496 | 4.81% |
For 2021, Arlington Community's most frequently originated type of loan was Conventional, with 13 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 8 | $610,000 | $76,250 | $499 | 4.98% |
| Other | 3 | $165,000 | $55,000 | $518 | 4.21% |
| Refi | 2 | $110,000 | $55,000 | $455 | 5.00% |
For 2021, Arlington Community's most frequently cited loan purpose was Home Improvement, with 8 originations. The 2nd most popular reason was Other, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 8 | $490,000 | $61,250 | $536 | 4.73% |
| 15 Year | 4 | $310,000 | $77,500 | $420 | 5.19% |
| 5 Year | 1 | $85,000 | $85,000 | $485 | 3.89% |
For 2021, Arlington Community's most frequently cited loan duration was 10 Year, with 8 originations. The 2nd most popular length was 15 Year, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 13 | $885,000 | $68,077 |
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 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 8 | $450,000 | $56,250 |
| 5-6% | 3 | $175,000 | $58,333 |
| 3-4% | 1 | $85,000 | $85,000 |
| 6-7% | 1 | $175,000 | $175,000 |
During 2021, Arlington Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 8 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 11 | $585,000 | $53,182 | $473 | 4.67% |
| $100k-200k | 2 | $300,000 | $150,000 | $628 | 5.56% |
2021 saw Arlington Community place emphasis on $100,000 or less loans with 11 originations, totaling $585,000 in origination value.
Applicant Income
Arlington Community lent most frequently to those with incomes in the $150k-250k range, with 8 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
Arlington Community lent most frequently to those with DTI ratios of 20-30%, with 2 originations. The next most common DTI ratio? 30-36%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.65%
Arlington Community has a below average approval rate.
Pick Rate
Approvals leading to origination38.46%
Arlington Community has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 13 | $885,000 | $68,077 |