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
  • 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: Georgetown, Myrtle Beach, Florence, and Sumter 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. 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 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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    Originations

    28

    Origination Dollar Volume (All Markets)

    $9,850,000

    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
    Georgetown, SC (FHA|USDA|VA) 5 $3,785,000 $757,000 $4,218 4.87%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 8 $2,670,000 $333,750 $3,083 4.66%
    FLORENCE, SC (FHA|USDA|VA) 8 $1,780,000 $222,500 $2,050 4.67%
    SUMTER, SC (FHA|USDA|VA) 4 $1,410,000 $352,500 $3,170 4.09%
    Outside of Metro Areas 3 $205,000 $68,333 $2,196 4.35%
    Arborone Aca's top markets include Georgetown, Myrtle Beach, Florence, and Sumter 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 27 $9,625,000 $356,481 $2,767 4.55%
    USDA 1 $225,000 $225,000 $4,955 5.50%

    For 2020, Arborone Aca's most frequently originated type of loan was Conventional, with 27 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 17 $4,455,000 $262,059 $2,543 4.72%
    Refi 9 $4,685,000 $520,556 $2,991 4.58%
    Cash Out Refi 2 $710,000 $355,000 $4,529 3.45%

    For 2020, Arborone Aca's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 8 $2,080,000 $260,000 $2,695 4.20%
    20 Year 8 $3,200,000 $400,000 $2,589 4.45%
    30 Year 7 $1,415,000 $202,143 $2,832 4.95%
    Other 4 $2,250,000 $562,500 $3,680 4.75%
    10 Year 1 $905,000 $905,000 $0 5.50%

    For 2020, Arborone Aca's most frequently cited loan duration was 15 Year, with 8 originations. The 2nd most popular length was 20 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 10 $2,850,000 $285,000
    $<1k 9 $2,015,000 $223,889
    $2k-3k 7 $4,035,000 $576,429

    Arborone Aca's average total fees were $2,832, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 10 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 12 $5,730,000 $477,500
    5-6% 9 $2,865,000 $318,333
    3-4% 7 $1,255,000 $179,286

    During 2020, Arborone Aca's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 12 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 9 $1,195,000 $132,778 $1,914 4.29%
    $100,000 or less 6 $410,000 $68,333 $2,731 4.71%
    $200k-400k 6 $1,510,000 $251,667 $2,734 4.89%
    $400k-600k 3 $1,585,000 $528,333 $3,857 4.23%
    $1MM+ 2 $3,470,000 $1,735,000 $4,156 4.38%
    $600k-1MM 2 $1,680,000 $840,000 $6,957 5.38%

    2020 saw Arborone Aca place emphasis on $100k-200k loans with 9 originations, totaling $1,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 6 $1,580,000 $263,333 $3,035 4.82%
    $150k-250k 6 $1,710,000 $285,000 $3,511 4.54%
    $75k-100k 6 $860,000 $143,333 $2,948 4.33%
    $250k+ 4 $4,110,000 $1,027,500 $2,854 4.43%
    $50k-75k 4 $630,000 $157,500 $1,564 4.94%
    $50k or less 1 $55,000 $55,000 $2,338 3.30%

    Arborone Aca lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $150k-250k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 8 $1,360,000 $170,000 $2,016 4.04%
    20-30% 5 $635,000 $127,000 $2,338 4.81%
    30-36% 4 $4,160,000 $1,040,000 $4,201 4.38%
    38% 2 $1,250,000 $625,000 $200 5.30%
    41% 1 $205,000 $205,000 $4,737 4.85%
    43% 1 $125,000 $125,000 $0 4.00%
    44% 1 $775,000 $775,000 $6,957 5.25%
    46% 1 $145,000 $145,000 $0 4.75%
    49% 1 $225,000 $225,000 $4,955 5.50%
    50-60% 1 $405,000 $405,000 $6,200 4.99%
    36% 1 $185,000 $185,000 $4,855 5.35%
    37% 1 $75,000 $75,000 $3,359 4.95%
    39% 1 $305,000 $305,000 $250 4.25%

    Arborone Aca lent most frequently to those with DTI ratios of <20%, with 8 originations. The next most common DTI ratio? 20-30%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 26 $8,720,000 $335,385 $2,774 4.54%
    Not applicable 1 $905,000 $905,000 $0 5.50%
    Not provided 1 $225,000 $225,000 $4,760 4.75%

    Approval Rates

    Total approvals of all applications
    96.97%

    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
    85.71%

    Arborone Aca has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 28 $9,850,000 $351,786

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $75,000 $75,000
    Single Family (1-4 Units):Site-Built 27 $9,775,000 $362,037

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $2,085,000 $417,000 $2,628 4.57%
    40-60% 6 $840,000 $140,000 $2,288 4.29%
    60-80% 8 $2,370,000 $296,250 $3,043 4.68%
    80-100% 6 $1,410,000 $235,000 $3,402 4.64%
    Under 20% 3 $3,145,000 $1,048,333 $2,500 4.83%