Atlantic Bay Mortgage Group Rates, Fees & Info
VIRGINIA BEACH, VALEI: 549300RWXUAFD1WAE410
Tax ID: 54-1822116
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Atlantic Bay Mortgage Group is a mid-sized mortgage company specializing in Home Purchase loans. Atlantic Bay Mortgage Group has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Virginia Beach, Charlotte, Atlanta, Roanoke, and Greensboro among others. Atlantic Bay Mortgage Group has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Atlantic Bay Mortgage Group is typically an average fee lendor.Originations
24,484Origination Dollar Volume (All Markets)
$6,648,280,000Awards
ATLANTIC BAY MORTGAGE GROUP - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
Atlantic Bay Mortgage Group 's average 30 year fixed rate mortgage of loans were
3.16%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.01%.
Relative Fees
Atlantic Bay Mortgage Group 's average total fees for a 30 year fixed rate
mortgage are $5,249.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 7,084 | $1,884,210,000 | $265,981 | $5,860 | 3.06% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3,019 | $1,091,135,000 | $361,423 | $4,618 | 3.06% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1,104 | $400,030,000 | $362,346 | $4,519 | 3.09% |
| Outside of Metro Areas | 973 | $209,135,000 | $214,938 | $4,850 | 3.18% |
| ROANOKE, VA (FHA|USDA|VA) | 924 | $203,030,000 | $219,729 | $4,037 | 3.15% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 978 | $199,810,000 | $204,305 | $4,329 | 3.07% |
| WILMINGTON, NC (FHA|USDA|VA) | 554 | $181,420,000 | $327,473 | $4,316 | 3.12% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 864 | $178,850,000 | $207,002 | $4,567 | 3.09% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 445 | $178,135,000 | $400,303 | $4,606 | 3.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 752 | $158,640,000 | $210,957 | $4,958 | 3.12% |
| ASHEVILLE, NC (FHA|USDA|VA) | 471 | $141,105,000 | $299,586 | $4,422 | 3.18% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 336 | $119,890,000 | $356,815 | $4,280 | 3.09% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 307 | $113,895,000 | $370,993 | $6,771 | 2.99% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 425 | $109,195,000 | $256,929 | $4,658 | 3.16% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 446 | $95,180,000 | $213,408 | $5,226 | 3.10% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 283 | $89,775,000 | $317,226 | $5,720 | 3.00% |
| NEW BERN, NC (FHA|USDA|VA) | 424 | $84,880,000 | $200,189 | $4,827 | 3.11% |
| Morehead City, NC (FHA|USDA|VA) | 256 | $77,400,000 | $302,344 | $4,929 | 3.15% |
| LYNCHBURG, VA (FHA|USDA|VA) | 347 | $72,115,000 | $207,824 | $4,324 | 3.15% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 242 | $71,130,000 | $293,926 | $4,348 | 3.14% |
| RICHMOND, VA (FHA|USDA|VA) | 248 | $70,260,000 | $283,306 | $5,219 | 3.12% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 303 | $61,315,000 | $202,360 | $4,280 | 3.16% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 231 | $54,765,000 | $237,078 | $4,484 | 3.21% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 185 | $52,205,000 | $282,189 | $5,690 | 3.19% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 187 | $43,995,000 | $235,267 | $4,666 | 3.15% |
| GREENVILLE, NC (FHA|USDA|VA) | 209 | $42,705,000 | $204,330 | $5,738 | 3.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 153 | $35,245,000 | $230,359 | $6,192 | 3.20% |
| Greenwood, SC (FHA|USDA|VA) | 186 | $32,490,000 | $174,677 | $6,004 | 3.21% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 147 | $31,595,000 | $214,932 | $5,519 | 3.08% |
| Forest City, NC (FHA|USDA|VA) | 140 | $28,620,000 | $204,429 | $4,537 | 3.14% |
| BURLINGTON, NC (FHA|USDA|VA) | 134 | $26,760,000 | $199,701 | $4,938 | 3.12% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 159 | $26,715,000 | $168,019 | $4,839 | 3.00% |
| STAUNTON, VA (FHA|USDA|VA) | 120 | $24,790,000 | $206,583 | $4,241 | 3.19% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 79 | $24,135,000 | $305,506 | $4,055 | 3.14% |
| GOLDSBORO, NC (FHA|USDA|VA) | 98 | $19,900,000 | $203,061 | $3,935 | 3.24% |
| Marion, NC (FHA|USDA|VA) | 83 | $19,245,000 | $231,867 | $4,671 | 3.17% |
| Boone, NC (FHA|USDA|VA) | 55 | $18,785,000 | $341,545 | $4,599 | 3.20% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 87 | $18,675,000 | $214,655 | $5,186 | 2.99% |
| Cullowhee, NC (FHA|USDA|VA) | 59 | $17,345,000 | $293,983 | $5,867 | 3.17% |
| Mount Airy, NC (FHA|USDA|VA) | 82 | $16,140,000 | $196,829 | $4,570 | 3.21% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 70 | $15,060,000 | $215,143 | $4,509 | 3.17% |
| Shelby, NC (FHA|USDA|VA) | 74 | $14,530,000 | $196,351 | $4,240 | 3.16% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 41 | $14,085,000 | $343,537 | $6,154 | 3.22% |
| SPARTANBURG, SC (FHA|USDA|VA) | 63 | $13,935,000 | $221,190 | $5,122 | 3.25% |
| Elizabeth City, NC (FHA|USDA|VA) | 60 | $13,870,000 | $231,167 | $6,956 | 3.09% |
| Brevard, NC (FHA|USDA|VA) | 43 | $13,825,000 | $321,512 | $5,008 | 3.10% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 50 | $13,280,000 | $265,600 | $4,227 | 3.21% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 46 | $10,040,000 | $218,261 | $5,112 | 3.13% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 48 | $9,350,000 | $194,792 | $5,797 | 3.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 34 | $8,740,000 | $257,059 | $5,196 | 3.22% |
| Bluefield, WV-VA (FHA|USDA|VA) | 48 | $8,720,000 | $181,667 | $5,755 | 3.18% |
| COLUMBIA, SC (FHA|USDA|VA) | 39 | $8,095,000 | $207,564 | $4,873 | 3.12% |
| SAVANNAH, GA (FHA|USDA|VA) | 19 | $7,685,000 | $404,474 | $5,857 | 3.14% |
| BRUNSWICK, GA (FHA|USDA|VA) | 25 | $7,465,000 | $298,600 | $4,973 | 3.10% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 22 | $7,410,000 | $336,818 | $3,833 | 3.03% |
| GAINESVILLE, GA (FHA|USDA|VA) | 18 | $6,550,000 | $363,889 | $3,583 | 3.13% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 22 | $6,150,000 | $279,545 | $4,401 | 3.14% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 23 | $6,105,000 | $265,435 | $4,560 | 3.35% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 17 | $6,005,000 | $353,235 | $4,644 | 3.07% |
| Georgetown, SC (FHA|USDA|VA) | 18 | $5,800,000 | $322,222 | $4,342 | 2.96% |
| Danville, VA (FHA|USDA|VA) | 34 | $5,770,000 | $169,706 | $5,604 | 3.13% |
| North Wilkesboro, NC (FHA|USDA|VA) | 26 | $5,720,000 | $220,000 | $5,833 | 3.24% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 17 | $5,525,000 | $325,000 | $5,235 | 3.16% |
| Albemarle, NC (FHA|USDA|VA) | 22 | $5,170,000 | $235,000 | $6,309 | 3.14% |
| Kinston, NC (FHA|USDA|VA) | 33 | $4,735,000 | $143,485 | $3,986 | 2.91% |
| Wilson, NC (FHA|USDA|VA) | 19 | $4,125,000 | $217,105 | $4,324 | 3.21% |
| HARRISONBURG, VA (FHA|USDA|VA) | 16 | $4,030,000 | $251,875 | $4,257 | 3.14% |
| Jefferson, GA (FHA|USDA|VA) | 12 | $3,930,000 | $327,500 | $4,765 | 3.18% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 14 | $3,890,000 | $277,857 | $4,342 | 3.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $3,880,000 | $323,333 | $7,447 | 3.27% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 5 | $3,705,000 | $741,000 | $9,329 | 2.97% |
| Washington, NC (FHA|USDA|VA) | 17 | $3,445,000 | $202,647 | $5,240 | 3.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 10 | $3,060,000 | $306,000 | $5,276 | 3.24% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 15 | $3,025,000 | $201,667 | $4,396 | 3.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $3,025,000 | $605,000 | $7,289 | 3.18% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 11 | $2,955,000 | $268,636 | $3,978 | 3.19% |
| Martinsville, VA (FHA|USDA|VA) | 18 | $2,790,000 | $155,000 | $4,674 | 3.13% |
| Milledgeville, GA (FHA|USDA|VA) | 13 | $2,775,000 | $213,462 | $5,313 | 3.37% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 8 | $2,730,000 | $341,250 | $4,566 | 2.94% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 6 | $2,640,000 | $440,000 | $3,886 | 3.08% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 10 | $2,420,000 | $242,000 | $3,129 | 3.20% |
| Glasgow, KY (FHA|USDA|VA) | 10 | $2,340,000 | $234,000 | $5,960 | 3.32% |
| SUMTER, SC (FHA|USDA|VA) | 8 | $2,280,000 | $285,000 | $4,944 | 3.16% |
| DOVER, DE (FHA|USDA|VA) | 10 | $2,220,000 | $222,000 | $3,512 | 3.11% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $2,055,000 | $685,000 | $5,532 | 2.96% |
| Dublin, GA (FHA|USDA|VA) | 10 | $1,940,000 | $194,000 | $6,993 | 3.19% |
| Central City, KY (FHA|USDA|VA) | 12 | $1,860,000 | $155,000 | $4,481 | 3.10% |
| KNOXVILLE, TN (FHA|USDA|VA) | 6 | $1,850,000 | $308,333 | $3,283 | 3.23% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 5 | $1,705,000 | $341,000 | $3,614 | 2.97% |
| Orangeburg, SC (FHA|USDA|VA) | 7 | $1,415,000 | $202,143 | $3,889 | 3.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $3,863 | 3.03% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $4,853 | 3.20% |
| Seneca, SC (FHA|USDA|VA) | 3 | $1,255,000 | $418,333 | $7,742 | 2.96% |
| ROME, GA (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $3,777 | 3.06% |
| FLORENCE, SC (FHA|USDA|VA) | 6 | $1,210,000 | $201,667 | $4,587 | 2.44% |
| Easton, MD (FHA|USDA|VA) | 2 | $1,170,000 | $585,000 | $6,868 | 2.69% |
| Sanford, NC (FHA|USDA|VA) | 8 | $1,130,000 | $141,250 | $4,133 | 3.02% |
| Key West, FL (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $5,814 | 3.13% |
| Summerville, GA (FHA|USDA|VA) | 10 | $1,070,000 | $107,000 | $4,542 | 3.44% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $4,662 | 3.31% |
| Newberry, SC (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $7,996 | 3.42% |
| CLEVELAND, TN (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $4,191 | 3.03% |
| St. Marys, GA (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $7,444 | 3.08% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 6 | $860,000 | $143,333 | $3,399 | 2.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $5,033 | 3.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $5,220 | 3.19% |
| Sevierville, TN (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $4,306 | 3.04% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $6,995 | 2.63% |
| Statesboro, GA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $6,131 | 3.54% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $5,277 | 3.04% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $6,976 | 2.69% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $3,871 | 3.13% |
| Henderson, NC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,051 | 3.12% |
| ALBANY, GA (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $4,822 | 3.25% |
| MORRISTOWN, TN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,855 | 3.06% |
| DALTON, GA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,425 | 3.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,196 | 3.13% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,370 | 3.19% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,795 | 2.13% |
| Cedartown, GA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $7,042 | 3.19% |
| Cornelia, GA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,402 | 3.00% |
| Bennettsville, SC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,428 | 3.38% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,071 | 3.44% |
| Gaffney, SC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,961 | 3.44% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,160 | 2.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,159 | 3.00% |
| Rockingham, NC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,146 | 2.93% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,625 | 3.25% |
| Lake City, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $14,288 | 3.13% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,920 | 3.50% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,830 | 3.50% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,519 | 2.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,146 | 3.25% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,739 | 3.75% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,407 | 2.88% |
| Waycross, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,956 | 3.13% |
| Fitzgerald, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,999 | 3.13% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,209 | 3.75% |
| Crossville, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,946 | 3.88% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,848 | 3.88% |
| Newport, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,180 | 3.38% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,278 | 3.63% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,508 | 3.38% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,804 | 4.88% |
| Athens, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,159 | 2.88% |
| Americus, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,435 | 3.63% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,665 | 3.63% |
Atlantic Bay Mortgage Group 's top markets include Virginia Beach, Charlotte, Atlanta, Roanoke, and Greensboro among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 17,584 | $4,824,450,000 | $274,366 | $3,985 | 3.11% |
| VA | 3,320 | $1,069,510,000 | $322,142 | $7,953 | 2.88% |
| FHA | 2,767 | $606,465,000 | $219,178 | $8,107 | 3.23% |
| USDA | 813 | $147,855,000 | $181,863 | $6,119 | 3.20% |
For the 2021 period, Atlantic Bay Mortgage Group 's most frequently originated loan type of loans were Conventional, with 17,584 originations. Their 2nd most popular type is VA, with 3,320 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 17,334 | $4,690,740,000 | $270,609 | $5,428 | 3.12% |
| Refi | 4,389 | $1,215,975,000 | $277,051 | $3,938 | 2.93% |
| Cash Out Refi | 2,722 | $741,290,000 | $272,333 | $4,601 | 3.22% |
| Other | 39 | $275,000 | $7,051 | $157 | 2.25% |
For the 2021, Atlantic Bay Mortgage Group 's most frequently cited loan purpose of loans were Home Purchase, with 17,334 originations. The 2nd most popular reason of loans were Refi, with 4,389 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 22,013 | $6,103,955,000 | $277,289 | $5,249 | 3.16% |
| 15 Year | 1,655 | $353,185,000 | $213,405 | $3,151 | 2.32% |
| 20 Year | 528 | $126,270,000 | $239,148 | $3,710 | 2.99% |
| Other | 143 | $36,975,000 | $258,566 | $3,927 | 3.06% |
| 10 Year | 115 | $17,985,000 | $156,391 | $2,540 | 2.10% |
| 30+ year | 30 | $9,910,000 | $330,333 | $10,646 | 4.03% |
For the 2021, Atlantic Bay Mortgage Group 's most frequently cited loan length of loans were 30 Year, with 22,013 originations. The 2nd most popular length of loans were 15 Year, with 1,655 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 11,241 | $3,206,955,000 | $285,291 |
| $1k-2k | 6,299 | $1,462,685,000 | $232,209 |
| $2k-3k | 3,393 | $836,555,000 | $246,553 |
| $3k-4k | 2,535 | $726,295,000 | $286,507 |
| $5k+ | 1,005 | $413,975,000 | $411,915 |
$5,249 of loans were Atlantic Bay Mortgage Group 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 11,241 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 12,679 | $3,092,995,000 | $243,946 |
| 2.5-3% | 9,410 | $2,965,380,000 | $315,131 |
| <2.5% | 1,895 | $501,135,000 | $264,451 |
| 4-5% | 484 | $85,220,000 | $176,074 |
| 5-6% | 15 | $3,235,000 | $215,667 |
| 6-7% | 1 | $315,000 | $315,000 |
During 2021, Atlantic Bay Mortgage Group 's average interest rate of loans were 3.16%, while their most frequently originated rate bucket of loans were 3-4%, with 12,679 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 11,738 | $3,306,630,000 | $281,703 | $5,497 | 3.10% |
| $100k-200k | 6,810 | $1,067,240,000 | $156,717 | $4,438 | 3.23% |
| $400k-600k | 3,407 | $1,628,775,000 | $478,067 | $6,001 | 2.93% |
| $100,000 or less | 1,888 | $79,940,000 | $42,341 | $1,845 | 2.90% |
| $600k-1MM | 483 | $358,265,000 | $741,749 | $7,803 | 3.07% |
| $1MM+ | 158 | $207,430,000 | $1,312,848 | $9,114 | 2.98% |
2021 saw Atlantic Bay Mortgage Group place emphasis on $200k-400k loans with 11,738 originations, totaling $3,306,630,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 6,622 | $1,382,720,000 | $208,807 | $5,070 | 3.13% |
| $50k or less | 4,885 | $798,685,000 | $163,497 | $4,381 | 3.08% |
| $100k-150k | 4,585 | $1,483,885,000 | $323,639 | $5,330 | 3.10% |
| $75k-100k | 4,280 | $1,142,470,000 | $266,932 | $5,445 | 3.12% |
| $150k-250k | 2,908 | $1,160,790,000 | $399,171 | $5,043 | 3.04% |
| $250k+ | 1,204 | $679,730,000 | $564,560 | $5,420 | 3.05% |
Atlantic Bay Mortgage Group lent most frequently to those with incomes in the $50k-75k range, with 6,622 originations. The second most popular income band? $50k or less, with 4,885 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 5,028 | $1,425,070,000 | $283,427 | $4,542 | 3.06% |
| 30-36% | 4,586 | $1,215,990,000 | $265,153 | $4,804 | 3.10% |
| <20% | 2,151 | $635,455,000 | $295,423 | $4,230 | 2.91% |
| 44% | 1,126 | $292,180,000 | $259,485 | $5,576 | 3.20% |
| 42% | 1,047 | $269,595,000 | $257,493 | $5,254 | 3.19% |
| 40% | 1,016 | $240,910,000 | $237,116 | $4,993 | 3.15% |
| 39% | 1,005 | $253,655,000 | $252,393 | $4,826 | 3.14% |
| 41% | 993 | $251,925,000 | $253,701 | $5,044 | 3.17% |
| 43% | 991 | $267,595,000 | $270,025 | $5,615 | 3.18% |
| 38% | 982 | $252,630,000 | $257,261 | $4,878 | 3.10% |
| 37% | 901 | $231,435,000 | $256,865 | $4,998 | 3.10% |
| 36% | 884 | $222,640,000 | $251,855 | $4,905 | 3.10% |
| 50-60% | 874 | $257,300,000 | $294,394 | $8,632 | 3.03% |
| 49% | 645 | $180,105,000 | $279,233 | $5,660 | 3.16% |
| 45% | 640 | $177,350,000 | $277,109 | $5,608 | 3.15% |
| 48% | 539 | $157,895,000 | $292,941 | $5,685 | 3.17% |
| 47% | 521 | $149,635,000 | $287,207 | $5,423 | 3.13% |
| 46% | 505 | $147,705,000 | $292,485 | $5,743 | 3.14% |
| >60% | 50 | $19,210,000 | $384,200 | $9,067 | 2.88% |
Atlantic Bay Mortgage Group lent most frequently to those with DTI ratios of 20-30%, with 5,028 originations. The next most common DTI ratio? 30-36%, with 4,586 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 18,240 | $5,060,410,000 | $277,435 | $4,935 | 3.10% |
| Not provided | 2,806 | $778,530,000 | $277,452 | $5,396 | 3.08% |
| Black | 2,616 | $580,260,000 | $221,812 | $5,498 | 3.11% |
| Asian | 516 | $148,060,000 | $286,938 | $5,230 | 3.05% |
| American Indian | 139 | $33,605,000 | $241,763 | $5,645 | 3.16% |
| Asian Indian | 53 | $18,565,000 | $350,283 | $4,835 | 3.16% |
| Filipino | 33 | $7,885,000 | $238,939 | $5,877 | 3.11% |
| Other Asian | 29 | $7,195,000 | $248,103 | $3,962 | 3.00% |
| Native Hawaiian | 22 | $4,710,000 | $214,091 | $6,031 | 3.26% |
| Korean | 6 | $2,540,000 | $423,333 | $6,444 | 3.04% |
| Vietnamese | 9 | $2,535,000 | $281,667 | $4,258 | 2.99% |
| Chinese | 7 | $2,295,000 | $327,857 | $6,965 | 3.03% |
| Other Pacific Islander | 8 | $1,690,000 | $211,250 | $6,478 | 3.19% |
Approval Rates
Total approvals of all applications97.54%
Atlantic Bay Mortgage Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination77.67%
Atlantic Bay Mortgage Group has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1043.6 | 1 | $125,000 | $125,000 |
| 995.0 | 1 | $205,000 | $205,000 |
| NA | 24,482 | $6,647,950,000 | $271,544 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 24,484 | $6,648,280,000 | $271,536 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 506 | $97,560,000 | $192,806 | $3,356 | 2.92% |
| 40-60% | 1,973 | $535,785,000 | $271,559 | $3,747 | 2.96% |
| 60-80% | 6,651 | $1,982,325,000 | $298,049 | $4,246 | 3.16% |
| 80-100% | 13,324 | $3,672,880,000 | $275,659 | $5,520 | 3.16% |
| Over 100% | 1,024 | $346,750,000 | $338,623 | $12,445 | 2.89% |
| Under 20% | 1,006 | $12,980,000 | $12,903 | $269 | 2.48% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ATLANTIC BAY MORTGAGE GROUP LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 9.1% |
| ATLANTIC BAY MORTGAGE GROUP LLC | Conventional home mortgage | Struggling to pay mortgage | 1 | 9.1% |
| ATLANTIC BAY MORTGAGE GROUP LLC | Conventional home mortgage | Trouble during payment process | 5 | 45.5% |
| ATLANTIC BAY MORTGAGE GROUP LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 9.1% |
| ATLANTIC BAY MORTGAGE GROUP LLC | FHA mortgage | Trouble during payment process | 1 | 9.1% |
| ATLANTIC BAY MORTGAGE GROUP LLC | VA mortgage | Trouble during payment process | 2 | 18.2% |
