Atlantic Home Lending Mortgage Rates, Fees & Info

Canton, MA

LEI: 549300QNSC8YFY70QR51

Tax ID: 20-3326484

Latest/2022 | 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 Refi and Cash Out Refi loans. Atlantic Home Lending has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Manchester, Worcester, and Barnstable Town among others. We have data for 9 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.

    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

    261

    Origination Dollar Volume (All Markets)

    $88,455,000

    Awards

    Atlantic Home Lending 30 Year Conventional Loans silver Atlantic Home Lending 30 Year Conventional Loans bronze
    Show all (2) 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) 189 $68,245,000 $361,085 $1,814 2.78%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 27 $8,055,000 $298,333 $1,859 2.80%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 24 $6,370,000 $265,417 $2,308 2.63%
    WORCESTER, MA-CT (FHA|USDA|VA) 8 $2,400,000 $300,000 $2,465 2.84%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 4 $1,190,000 $297,500 $3,017 2.97%
    SPRINGFIELD, MA (FHA|USDA|VA) 2 $900,000 $450,000 $2,987 2.31%
    Lebanon, NH-VT (FHA|USDA|VA) 4 $830,000 $207,500 $2,847 2.63%
    Outside of Metro Areas 2 $260,000 $130,000 $2,579 2.94%
    Concord, NH (FHA|USDA|VA) 1 $205,000 $205,000 $2,293 2.88%
    Atlantic Home Lending's top markets include Boston, Providence, Manchester, Worcester, and Barnstable Town 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.

    SOMERSET
    Similarity Rank: 87
    Homestar Mortgage, Inc.
    Similarity Rank: 156
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 396
    OCEAN STATE CREDIT UNION
    Similarity Rank: 405
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474
    Rhode Island Credit Union
    Similarity Rank: 524
    Sharon & Crescent United Credit Union
    Similarity Rank: 540
    WAVE FEDERAL CREDIT UNION
    Similarity Rank: 596
    WESTERLY COMMUNITY
    Similarity Rank: 618
    Middlesex Savings Bank
    Similarity Rank: 672

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 261 $88,455,000 $338,908 $1,935 2.77%

    For 2021, Atlantic Home Lending's most frequently originated type of loan was Conventional, with 261 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 137 $44,075,000 $321,715 $1,455 2.63%
    Cash Out Refi 83 $26,915,000 $324,277 $1,688 2.92%
    Home Purchase 41 $17,465,000 $425,976 $4,037 2.93%

    For 2021, Atlantic Home Lending's most frequently cited loan purpose was Refi, with 137 originations. The 2nd most popular reason was Cash Out Refi, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 155 $57,795,000 $372,871 $2,214 2.96%
    15 Year 48 $13,630,000 $283,958 $1,732 2.36%
    20 Year 38 $11,550,000 $303,947 $1,400 2.66%
    Other 11 $3,595,000 $326,818 $863 2.73%
    10 Year 9 $1,885,000 $209,444 $1,769 2.24%

    For 2021, Atlantic Home Lending's most frequently cited loan duration was 30 Year, with 155 originations. The 2nd most popular length was 15 Year, with 48 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2 $770,000 $385,000
    $1k-2k 2 $760,000 $380,000

    Atlantic Home Lending's average total fees were $2,214, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 133 $47,215,000 $355,000
    <2.5% 75 $21,845,000 $291,267
    3-4% 53 $19,395,000 $365,943

    During 2021, Atlantic Home Lending's average interest rate for loans was 2.96%, while their most frequently originated rate bucket for loans was 2.5-3%, with 133 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 136 $40,610,000 $298,603 $1,778 2.74%
    $400k-600k 80 $38,240,000 $478,000 $2,052 2.88%
    $100k-200k 37 $6,035,000 $163,108 $2,083 2.69%
    $600k-1MM 5 $3,315,000 $663,000 $2,951 2.85%
    $100,000 or less 3 $255,000 $85,000 $2,379 2.29%

    2021 saw Atlantic Home Lending place emphasis on $200k-400k loans with 136 originations, totaling $40,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 89 $29,055,000 $326,461 $1,799 2.82%
    $150k-250k 80 $32,020,000 $400,250 $1,978 2.70%
    $75k-100k 39 $10,795,000 $276,795 $2,181 2.82%
    $250k+ 27 $10,815,000 $400,556 $1,249 2.64%
    $50k-75k 22 $5,240,000 $238,182 $2,664 2.91%
    $50k or less 4 $530,000 $132,500 $2,301 2.66%

    Atlantic Home Lending lent most frequently to those with incomes in the $100k-150k range, with 89 originations. The second most popular income band? $150k-250k, with 80 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 82 $26,360,000 $321,463 $1,883 2.74%
    30-36% 64 $23,050,000 $360,156 $2,070 2.82%
    <20% 40 $13,250,000 $331,250 $1,276 2.56%
    40% 12 $4,510,000 $375,833 $2,468 2.84%
    36% 10 $3,500,000 $350,000 $2,231 3.01%
    37% 8 $2,800,000 $350,000 $2,672 2.75%
    38% 8 $2,800,000 $350,000 $1,629 2.75%
    41% 8 $2,480,000 $310,000 $1,550 2.72%
    44% 7 $1,895,000 $270,714 $1,843 3.04%
    42% 6 $1,910,000 $318,333 $962 2.90%
    43% 5 $2,255,000 $451,000 $4,093 2.95%
    39% 4 $1,560,000 $390,000 $2,511 3.03%
    46% 4 $1,520,000 $380,000 $2,686 3.00%
    45% 2 $450,000 $225,000 $3,046 2.63%
    48% 1 $115,000 $115,000 $2,332 2.63%

    Atlantic Home Lending lent most frequently to those with DTI ratios of 20-30%, with 82 originations. The next most common DTI ratio? 30-36%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 246 $83,760,000 $340,488 $1,942 2.77%
    Asian 7 $2,255,000 $322,143 $2,113 2.79%
    Black 2 $770,000 $385,000 $2,518 3.12%
    Asian Indian 2 $710,000 $355,000 $1,275 2.25%
    Not provided 3 $595,000 $198,333 $1,582 2.71%
    Other Asian 1 $365,000 $365,000 $0 3.00%

    Approval Rates

    Total approvals of all applications
    98.91%

    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
    96.55%

    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 261 $88,455,000 $338,908

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    261 $88,455,000 $338,908

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 39 $8,625,000 $221,154 $1,722 2.57%
    40-60% 106 $34,880,000 $329,057 $1,272 2.72%
    60-80% 84 $32,660,000 $388,810 $2,129 2.85%
    80-100% 28 $11,780,000 $420,714 $4,281 3.04%
    Under 20% 4 $510,000 $127,500 $1,064 2.56%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    ATLANTIC HOME LOANS INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    ATLANTIC HOME LOANS INC. Conventional home mortgage Trouble during payment process 1 25.0%
    ATLANTIC HOME LOANS INC. FHA mortgage Closing on a mortgage 2 50.0%