Atlantic Home Lending Mortgage Rates, Fees & Info

Canton, MA

LEI: 549300QNSC8YFY70QR51

Tax ID: 20-3326484

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
  • Similar Lenders
  • 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

    Atlantic Home Lending is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Atlantic Home Lending has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Boston, Manchester, Providence, Worcester, and Concord among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Atlantic Home Lending has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Atlantic Home Lending 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    56

    Origination Dollar Volume (All Markets)

    $16,390,000

    Awards

    Atlantic Home Lending 30 Year Conventional Loans gold
    Show all (1) awards

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 37 $11,205,000 $302,838 $2,393 4.59%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 8 $2,390,000 $298,750 $2,845 4.69%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 5 $1,465,000 $293,000 $1,802 4.58%
    WORCESTER, MA-CT (FHA|USDA|VA) 3 $795,000 $265,000 $1,945 4.17%
    Concord, NH (FHA|USDA|VA) 2 $420,000 $210,000 $2,628 4.25%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $115,000 $115,000 $2,592 4.38%
    Atlantic Home Lending's top markets include Boston, Manchester, Providence, Worcester, and Concord among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Atlantic Home Lending based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Westport Federal Credit Union
    Similarity Rank: 23
    Notre Dame Community Federal Credit Union
    Similarity Rank: 38
    PAWTUCKET
    Similarity Rank: 60
    Bank of Easton
    Similarity Rank: 66
    Charter Oak Federal Credit Union
    Similarity Rank: 66
    SOMERSET
    Similarity Rank: 99
    MERRIMACK VALLEY
    Similarity Rank: 110
    Middlesex Federal Savings, F.A.
    Similarity Rank: 111
    Triangle Credit Union
    Similarity Rank: 147
    First Ipswich Bank
    Similarity Rank: 164

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 54 $15,860,000 $293,704 $2,220 4.58%
    FHA 2 $530,000 $265,000 $7,076 4.19%

    For 2018, Atlantic Home Lending's most frequently originated type of loan was Conventional, with 54 originations. Their 2nd most popular type was FHA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 28 $8,880,000 $317,143 $3,017 4.57%
    Cash Out Refi 25 $6,905,000 $276,200 $1,784 4.61%
    Refi 3 $605,000 $201,667 $1,642 4.17%

    For 2018, Atlantic Home Lending's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 47 $14,485,000 $308,191 $2,365 4.63%
    15 Year 6 $1,490,000 $248,333 $2,518 4.13%
    20 Year 2 $310,000 $155,000 $2,661 4.63%
    10 Year 1 $105,000 $105,000 $2,450 4.00%

    For 2018, Atlantic Home Lending's most frequently cited loan duration was 30 Year, with 47 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 34 $8,970,000 $263,824
    $<1k 20 $6,740,000 $337,000
    $2k-3k 2 $680,000 $340,000

    Atlantic Home Lending's average total fees were $2,365, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 34 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 44 $13,630,000 $309,773
    3-4% 7 $1,415,000 $202,143
    5-6% 5 $1,345,000 $269,000

    During 2018, Atlantic Home Lending's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 4-5%, with 44 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 33 $9,295,000 $281,667 $2,577 4.61%
    $400k-600k 12 $5,160,000 $430,000 $1,673 4.59%
    $100k-200k 8 $1,140,000 $142,500 $2,549 4.25%
    $100,000 or less 2 $190,000 $95,000 $2,550 4.75%
    $600k-1MM 1 $605,000 $605,000 $3,412 4.88%

    2018 saw Atlantic Home Lending place emphasis on $200k-400k loans with 33 originations, totaling $9,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 17 $5,055,000 $297,353 $1,638 4.50%
    $75k-100k 17 $4,675,000 $275,000 $2,727 4.65%
    $100k-150k 12 $3,900,000 $325,000 $2,832 4.65%
    $250k+ 5 $1,925,000 $385,000 $2,745 4.50%
    $50k-75k 3 $635,000 $211,667 $2,392 4.38%
    $50k or less 2 $200,000 $100,000 $2,464 4.38%

    Atlantic Home Lending lent most frequently to those with incomes in the $150k-250k range, with 17 originations. The second most popular income band? $75k-100k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 13 $3,145,000 $241,923 $3,159 4.64%
    20-30% 12 $3,650,000 $304,167 $2,246 4.40%
    <20% 7 $1,925,000 $275,000 $1,388 4.55%
    43% 5 $1,705,000 $341,000 $676 4.78%
    36% 4 $1,260,000 $315,000 $2,585 4.66%
    >60% 2 $580,000 $290,000 $2,982 4.75%
    38% 2 $630,000 $315,000 $1,387 5.25%
    45% 2 $680,000 $340,000 $2,879 4.81%
    42% 1 $105,000 $105,000 $2,450 4.00%
    39% 1 $345,000 $345,000 $4,695 4.75%
    44% 1 $255,000 $255,000 $5,389 3.75%
    37% 1 $295,000 $295,000 $2,332 4.63%
    47% 1 $145,000 $145,000 $2,667 3.38%
    48% 1 $405,000 $405,000 $2,925 4.75%
    49% 1 $605,000 $605,000 $3,412 4.88%
    50-60% 1 $405,000 $405,000 $3,599 4.50%
    41% 1 $255,000 $255,000 $600 4.00%

    Atlantic Home Lending lent most frequently to those with DTI ratios of 30-36%, with 13 originations. The next most common DTI ratio? 20-30%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 54 $15,680,000 $290,370 $2,382 4.58%
    Asian 1 $455,000 $455,000 $0 4.63%
    Black 1 $255,000 $255,000 $5,389 3.75%

    Approval Rates

    Total approvals of all applications
    98.31%

    Atlantic Home Lending 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
    98.21%

    Atlantic Home Lending has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 56 $16,390,000 $292,679

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 56 $16,390,000 $292,679

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $1,250,000 $156,250 $2,344 4.30%
    40-60% 8 $1,890,000 $236,250 $2,216 4.45%
    60-80% 23 $7,365,000 $320,217 $2,058 4.70%
    80-100% 16 $5,630,000 $351,875 $3,101 4.60%
    Under 20% 1 $255,000 $255,000 $600 4.00%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Atlantic Mortgage and Funding, Inc. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%