Atlantic Bay Mortgage Group Rates, Fees & Info

VIRGINIA BEACH, VA

LEI: 549300RWXUAFD1WAE410

Tax ID: 54-1822116

4.5 stars - out of 5 stars, based on 156 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Atlantic Bay Mortgage Group is a mid-sized mortgage company specializing in 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 by origination volume include: Virginia Beach, Charlotte, Atlanta, Roanoke, and Greensboro among others. We have data for 147 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Atlantic Bay Mortgage Group 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. Atlantic Bay Mortgage Group is typically an average fee lender. 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 in 2021-- chances are they are still one in 2022.

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

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.71% 8/7/22
    30 Year Conventional Refi 5.58% 8/7/22
    30 Year Cash-out Refi 5.79% 8/7/22
    30 Year FHA Purchase 6.64% 8/7/22
    30 Year FHA Refi 6.37% 8/7/22
    30 Year VA Purchase 5.43% 8/7/22
    30 Year VA Refi 5.17% 8/7/22
    30 Year USDA Purchase 6.12% 8/7/22
    30 Year USDA Refi 5.99% 8/7/22
    15 Year Conventional Purchase 4.41% 8/7/22
    15 Year Conventional Refi 4.66% 8/7/22
    15 Year Cash-out Refi 4.66% 8/7/22
    15 Year FHA Purchase 6.40% 8/7/22
    15 Year FHA Refi 4.26% 8/7/22
    15 Year VA Purchase 4.53% 8/7/22
    15 Year VA Refi 4.80% 8/7/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    24,484

    Origination Dollar Volume (All Markets)

    $6,648,280,000
    Show all (10) awards

    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

    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
    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 » 1,702 $465,560,000 $273,537
    $5k+ » 1,005 $413,975,000 $411,915
    $4k-5k » 833 $260,735,000 $313,007

    $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 or Islander » 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 applications
    98.66%

    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 origination
    76.61%

    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%