Arborone Aca Mortgage Rates, Fees & Info
Florence, SCLEI: 549300N02AGXDR8PPK74
Tax ID: 57-0929562
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Mortgage Data
Review & Overview
Arborone Aca is a smaller mortgage company specializing in Home Purchase loans. Arborone Aca has a high proportion of conventional loans. Their top markets by origination volume include: Florence, Myrtle Beach, Sumter, Marion, and Charleston among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Arborone Aca 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. Arborone Aca is typically a low 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 relatively high rates.
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Originations
43Origination Dollar Volume (All Markets)
$11,415,000Relative Rate
Arborone Aca's average 30 year fixed mortgage rate was
8.77%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 2.29%.
Relative Fees (Closing Costs)
Arborone Aca's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,175.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| FLORENCE, SC (FHA|USDA|VA) | 16 | $5,010,000 | $313,125 | $4,322 | 8.99% |
| Outside of Metro Areas | 11 | $2,095,000 | $190,455 | $3,825 | 8.82% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $1,985,000 | $283,571 | $2,595 | 8.72% |
| SUMTER, SC (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $2,575 | 8.91% |
| Marion, NC (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 8.95% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 8.36% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,051 | 8.99% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 43 | $11,415,000 | $265,465 | $3,629 | 8.87% |
For 2023, Arborone Aca's most frequently originated type of loan was Conventional, with 43 originations.
Loan Reason
For 2023, Arborone Aca's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
For 2023, Arborone Aca's most frequently cited loan duration was 30 Year, with 17 originations. The 2nd most popular length was Other, with 10 originations.
Origination Fees/Closing Costs
Arborone Aca's average total fees were $3,175, 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 |
|---|---|---|---|
| Over 8% | 40 | $10,900,000 | $272,500 |
| 7-8% | 3 | $515,000 | $171,667 |
During 2023, Arborone Aca's average interest rate for loans was 8.77%, while their most frequently originated rate bucket for loans was Over 8%, with 40 originations.
Loan Sizing
2023 saw Arborone Aca place emphasis on $200k-400k loans with 16 originations, totaling $4,590,000 in origination value.
Applicant Income
Arborone Aca lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
Arborone Aca lent most frequently to those with DTI ratios of 30-36%, with 9 originations. The next most common DTI ratio? 20-30%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.23%
Arborone Aca has an average approval rate.
Pick Rate
Approvals leading to origination86.05%
Arborone Aca has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 43 | $11,415,000 | $265,465 |