Arborone Aca Mortgage Rates, Fees & Info

Florence, SC

LEI: 549300N02AGXDR8PPK74

Tax ID: 57-0929562

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Arborone Aca is a smaller mortgage company specializing in Home Purchase and Refi loans. Arborone Aca has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Florence, Sumter, Myrtle Beach, and Bennettsville among others. We have data for 5 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. 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.

    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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    Originations

    19

    Origination Dollar Volume (All Markets)

    $4,245,000

    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) 6 $1,580,000 $263,333 $2,247 5.94%
    SUMTER, SC (FHA|USDA|VA) 4 $1,010,000 $252,500 $3,822 5.80%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $780,000 $390,000 $3,567 5.45%
    Outside of Metro Areas 6 $720,000 $120,000 $2,993 5.47%
    Bennettsville, SC (FHA|USDA|VA) 1 $155,000 $155,000 $350 6.10%
    Arborone Aca's top markets include Florence, Sumter, Myrtle Beach, and Bennettsville among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 18 $4,040,000 $224,444 $2,979 5.70%
    USDA 1 $205,000 $205,000 $0 5.99%

    For 2019, Arborone Aca's most frequently originated type of loan was Conventional, with 18 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 8 $2,550,000 $318,750 $3,764 5.82%
    Refi 8 $1,620,000 $202,500 $2,737 5.72%
    Home Improvement 2 $50,000 $25,000 $500 5.25%
    Cash Out Refi 1 $25,000 $25,000 $1,400 5.80%

    For 2019, Arborone Aca's most frequently cited loan purpose was Home Purchase, with 8 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 8 $2,090,000 $261,250 $3,153 5.91%
    20 Year 6 $870,000 $145,000 $2,647 5.61%
    15 Year 2 $230,000 $115,000 $2,541 5.23%
    10 Year 1 $685,000 $685,000 $0 5.50%
    5 Year 1 $25,000 $25,000 $1,400 5.80%
    Other 1 $345,000 $345,000 $3,055 6.00%

    For 2019, Arborone Aca's most frequently cited loan duration was 30 Year, with 8 originations. The 2nd most popular length was 20 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 8 $1,410,000 $176,250
    $2k-3k 6 $1,500,000 $250,000
    $1k-2k 4 $650,000 $162,500

    Arborone Aca's average total fees were $3,153, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 8 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 11 $2,915,000 $265,000
    6-7% 5 $1,005,000 $201,000
    4-5% 3 $325,000 $108,333

    During 2019, Arborone Aca's average interest rate for loans was 5.91%, while their most frequently originated rate bucket for loans was 5-6%, with 11 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 9 $2,675,000 $297,222 $2,946 5.76%
    $100,000 or less 5 $265,000 $53,000 $2,078 5.29%
    $100k-200k 4 $620,000 $155,000 $3,435 6.21%
    $600k-1MM 1 $685,000 $685,000 $0 5.50%

    2019 saw Arborone Aca place emphasis on $200k-400k loans with 9 originations, totaling $2,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 4 $1,000,000 $250,000 $3,850 5.64%
    $50k-75k 4 $610,000 $152,500 $3,001 5.95%
    $50k or less 3 $275,000 $91,667 $1,772 5.76%
    $75k-100k 3 $545,000 $181,667 $1,590 5.56%
    $150k-250k 2 $370,000 $185,000 $4,184 5.53%
    $250k+ 2 $760,000 $380,000 $2,391 5.88%

    Arborone Aca lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $50k-75k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 5 $845,000 $169,000 $4,297 5.50%
    <20% 3 $755,000 $251,667 $2,789 5.77%
    >60% 3 $1,125,000 $375,000 $3,049 5.98%
    46% 2 $400,000 $200,000 $2,766 5.50%
    50-60% 2 $490,000 $245,000 $950 5.82%
    30-36% 2 $130,000 $65,000 $1,928 5.58%
    39% 1 $345,000 $345,000 $3,055 6.00%
    44% 1 $155,000 $155,000 $350 6.10%

    Arborone Aca lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? <20%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 18 $3,870,000 $215,000 $2,698 5.73%
    Vietnamese 1 $375,000 $375,000 $4,783 5.50%

    Approval Rates

    Total approvals of all applications
    100.00%

    Arborone Aca has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 19 $4,245,000 $223,421

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $225,000 $75,000
    Single Family (1-4 Units):Site-Built 16 $4,020,000 $251,250

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $1,060,000 $530,000 $4,783 5.50%
    40-60% 3 $795,000 $265,000 $1,135 5.98%
    60-80% 8 $1,810,000 $226,250 $3,888 5.66%
    80-100% 3 $505,000 $168,333 $2,985 6.05%
    Under 20% 3 $75,000 $25,000 $800 5.43%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Arbor Residential Mortgage LLC Other type of mortgage Closing on a mortgage 1 100.0%