Ab&t Mortgage Rates, Fees & Info
Albany, GALEI: 549300Q6CJ3H6H1U0F03
Tax ID: 58-2413470
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Ab&t is a smaller mortgage company specializing in Home Purchase loans. Ab&t has a high proportion of conventional loans. Their top markets by origination volume include: Albany, Cordele, Greenville, Statesboro, and Americus among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Ab&t has an above average approval rate when compared to the average across all lenders. Ab&t is typically an average 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
32Origination Dollar Volume (All Markets)
$6,620,000Top 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 |
|---|---|---|---|---|---|
| ALBANY, GA (FHA|USDA|VA) | 26 | $4,950,000 | $190,385 | $5,203 | 5.12% |
| Cordele, GA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $6,775 | 4.95% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $9,332 | 4.88% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.64% |
| Americus, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.25% |
| Outside of Metro Areas | 1 | $145,000 | $145,000 | $0 | 5.25% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.39% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 32 | $6,620,000 | $206,875 | $5,773 | 5.11% |
For 2018, Ab&t's most frequently originated type of loan was Conventional, with 32 originations.
Loan Reason
For 2018, Ab&t's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 5 Year | 19 | $2,575,000 | $135,526 | $0 | 5.30% |
| 30 Year | 10 | $3,380,000 | $338,000 | $5,773 | 4.67% |
| Other | 3 | $665,000 | $221,667 | $0 | 5.33% |
For 2018, Ab&t's most frequently cited loan duration was 5 Year, with 19 originations. The 2nd most popular length was 30 Year, with 10 originations.
Origination Fees/Closing Costs
Ab&t's average total fees were $5,773, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 15 | $4,465,000 | $297,667 |
| 5-6% | 15 | $2,115,000 | $141,000 |
| 6-7% | 2 | $40,000 | $20,000 |
During 2018, Ab&t's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 4-5%, with 15 originations.
Loan Sizing
2018 saw Ab&t place emphasis on $100,000 or less loans with 11 originations, totaling $525,000 in origination value.
Applicant Income
Ab&t lent most frequently to those with incomes in the $250k+ range, with 8 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
Ab&t lent most frequently to those with DTI ratios of <20%, with 3 originations. The next most common DTI ratio? 20-30%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.97%
Ab&t has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 32 | $6,620,000 | $206,875 |