Atlantic Bay Mortgage Group Rates, Fees & Info

VIRGINIA BEACH, VA

LEI: 549300RWXUAFD1WAE410

Tax ID: 54-1822116

4.8 stars - Updated: 5/20/24 - out of 5 stars, based on 113 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & 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 by origination volume include: Virginia Beach, Charlotte, Atlanta, Winston, and Greensboro among others. We have data for 176 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 a high 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 relatively high 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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.80% 5/20/24
30 Year Conventional Refi 6.68% 5/20/24
30 Year Cash-out Refi 6.92% 5/20/24
30 Year FHA Purchase 7.54% 5/20/24
30 Year FHA Refi 7.44% 5/20/24
30 Year VA Purchase 6.38% 5/20/24
30 Year VA Refi 6.06% 5/20/24
30 Year USDA Purchase 7.10% 5/20/24
30 Year USDA Refi 6.74% 5/20/24
15 Year Conventional Purchase 2.88% 5/20/24
15 Year Conventional Refi 6.13% 5/20/24
15 Year Cash-out Refi 6.13% 5/20/24
15 Year FHA Purchase 7.87% 5/20/24
15 Year FHA Refi 7.92% 5/20/24
15 Year VA Purchase 5.98% 5/20/24
15 Year VA Refi 5.93% 5/20/24
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.

Atlantic Bay Mortgage Group Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Atlantic Bay Mortgage Group. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

12,843

Origination Dollar Volume (All Markets)

$3,506,935,000
Show all (15) awards

Relative Rate

Atlantic Bay Mortgage Group's average 30 year fixed mortgage rate was 6.75%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.27%.

Relative Fees (Closing Costs)

Atlantic Bay Mortgage Group's average total fees/closing costs for a 30 year fixed rate mortgage were $8,419.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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) 2,350 $701,940,000 $298,698 $8,993 6.73%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1,119 $455,115,000 $406,716 $8,186 6.34%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 515 $190,445,000 $369,796 $8,032 6.55%
Outside of Metro Areas 756 $164,690,000 $217,844 $7,429 6.51%
WINSTON-SALEM, NC (FHA|USDA|VA) 703 $147,115,000 $209,267 $6,945 5.66%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 674 $131,330,000 $194,852 $6,153 5.35%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 212 $105,670,000 $498,443 $10,720 6.45%
ROANOKE, VA (FHA|USDA|VA) 396 $91,680,000 $231,515 $6,284 6.92%
RICHMOND, VA (FHA|USDA|VA) 289 $89,565,000 $309,913 $7,929 6.88%
RALEIGH-CARY, NC (FHA|USDA|VA) 232 $85,170,000 $367,112 $8,431 6.44%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 446 $83,320,000 $186,816 $6,832 5.35%
BOWLING GREEN, KY (FHA|USDA|VA) 322 $72,020,000 $223,665 $7,294 6.55%
WILMINGTON, NC (FHA|USDA|VA) 181 $67,125,000 $370,856 $7,588 6.48%
ASHEVILLE, NC (FHA|USDA|VA) 215 $66,195,000 $307,884 $8,091 6.45%
NEW BERN, NC (FHA|USDA|VA) 263 $63,255,000 $240,513 $7,894 6.06%
LYNCHBURG, VA (FHA|USDA|VA) 241 $55,655,000 $230,934 $7,265 6.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 179 $53,315,000 $297,849 $8,102 6.78%
WARNER ROBINS, GA (FHA|USDA|VA) 195 $44,495,000 $228,179 $7,525 6.07%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 117 $42,905,000 $366,709 $7,503 6.85%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 179 $42,455,000 $237,179 $8,230 6.19%
Morehead City, NC (FHA|USDA|VA) 112 $39,170,000 $349,732 $8,293 6.91%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 117 $37,565,000 $321,068 $8,555 5.78%
GOLDSBORO, NC (FHA|USDA|VA) 177 $34,095,000 $192,627 $7,018 5.47%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 130 $31,970,000 $245,923 $8,420 6.85%
GREENVILLE, NC (FHA|USDA|VA) 159 $31,015,000 $195,063 $7,986 5.36%
ROCKY MOUNT, NC (FHA|USDA|VA) 169 $29,735,000 $175,947 $6,980 5.11%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 90 $27,720,000 $308,000 $8,281 6.42%
JACKSONVILLE, NC (FHA|USDA|VA) 105 $26,245,000 $249,952 $8,627 5.72%
FAYETTEVILLE, NC (FHA|USDA|VA) 107 $24,285,000 $226,963 $8,082 5.75%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 118 $23,280,000 $197,288 $6,297 7.05%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 125 $21,675,000 $173,400 $6,837 5.81%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 63 $20,455,000 $324,683 $9,848 6.58%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 64 $18,050,000 $282,031 $7,931 5.84%
Greenwood, SC (FHA|USDA|VA) 92 $17,270,000 $187,717 $7,859 6.10%
STAUNTON, VA (FHA|USDA|VA) 73 $16,765,000 $229,658 $6,698 7.07%
BURLINGTON, NC (FHA|USDA|VA) 79 $15,915,000 $201,456 $7,682 5.53%
Wilson, NC (FHA|USDA|VA) 87 $15,105,000 $173,621 $7,549 5.52%
Roanoke Rapids, NC (FHA|USDA|VA) 74 $14,430,000 $195,000 $7,837 6.29%
Mount Airy, NC (FHA|USDA|VA) 76 $14,310,000 $188,289 $6,032 5.76%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 56 $11,830,000 $211,250 $7,961 6.70%
Forest City, NC (FHA|USDA|VA) 68 $11,790,000 $173,382 $6,270 5.34%
Shelby, NC (FHA|USDA|VA) 62 $11,790,000 $190,161 $7,130 4.82%
SPARTANBURG, SC (FHA|USDA|VA) 47 $11,285,000 $240,106 $7,251 6.00%
Elizabeth City, NC (FHA|USDA|VA) 44 $10,060,000 $228,636 $9,188 6.09%
Glasgow, KY (FHA|USDA|VA) 54 $9,750,000 $180,556 $6,055 6.40%
Marion, NC (FHA|USDA|VA) 50 $9,000,000 $180,000 $6,592 5.30%
COLUMBIA, SC (FHA|USDA|VA) 29 $8,355,000 $288,103 $7,431 7.33%
LOUISVILLE, KY (FHA|USDA|VA) 42 $8,190,000 $195,000 $6,306 6.15%
Kinston, NC (FHA|USDA|VA) 54 $7,810,000 $144,630 $5,455 4.95%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 32 $7,740,000 $241,875 $7,807 6.67%
SALISBURY, MD-DE (FHA|USDA|VA) 25 $7,105,000 $284,200 $7,911 6.35%
Jefferson, GA (FHA|USDA|VA) 17 $6,745,000 $396,765 $9,630 7.11%
Boone, NC (FHA|USDA|VA) 13 $5,845,000 $449,615 $9,108 6.89%
Kill Devil Hills, NC (FHA|USDA|VA) 12 $5,700,000 $475,000 $9,349 7.01%
Cullowhee, NC (FHA|USDA|VA) 20 $5,500,000 $275,000 $7,335 5.93%
Albemarle, NC (FHA|USDA|VA) 22 $5,360,000 $243,636 $7,116 5.63%
BRUNSWICK, GA (FHA|USDA|VA) 8 $5,360,000 $670,000 $8,576 6.95%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 24 $5,160,000 $215,000 $8,773 7.04%
JACKSONVILLE, FL (FHA|USDA|VA) 14 $4,900,000 $350,000 $6,480 6.32%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 15 $4,855,000 $323,667 $9,860 6.63%
Washington, NC (FHA|USDA|VA) 27 $4,715,000 $174,630 $6,946 5.96%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 13 $4,365,000 $335,769 $11,266 6.45%
SAVANNAH, GA (FHA|USDA|VA) 14 $4,030,000 $287,857 $8,291 6.98%
North Wilkesboro, NC (FHA|USDA|VA) 18 $3,850,000 $213,889 $9,933 6.84%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 12 $3,750,000 $312,500 $8,783 6.50%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 17 $3,745,000 $220,294 $7,969 5.65%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 9 $3,565,000 $396,111 $10,711 6.74%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 12 $3,450,000 $287,500 $8,050 6.71%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 12 $3,240,000 $270,000 $8,672 7.55%
Danville, VA (FHA|USDA|VA) 18 $3,070,000 $170,556 $8,950 6.98%
Martinsville, VA (FHA|USDA|VA) 12 $2,790,000 $232,500 $9,464 6.60%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 8 $2,760,000 $345,000 $10,133 6.97%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $2,650,000 $441,667 $6,769 7.35%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $2,600,000 $433,333 $9,440 6.96%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $2,555,000 $511,000 $12,215 6.43%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $2,435,000 $487,000 $12,040 7.30%
Sanford, NC (FHA|USDA|VA) 13 $2,425,000 $186,538 $8,045 6.18%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 7 $2,325,000 $332,143 $11,023 6.79%
Georgetown, SC (FHA|USDA|VA) 8 $2,320,000 $290,000 $10,246 7.25%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 9 $2,225,000 $247,222 $8,314 6.25%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 8 $2,080,000 $260,000 $10,385 6.97%
Brevard, NC (FHA|USDA|VA) 7 $2,035,000 $290,714 $7,070 7.29%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 6 $1,990,000 $331,667 $6,805 6.81%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 5 $1,865,000 $373,000 $10,515 7.30%
OCALA, FL (FHA|USDA|VA) 4 $1,740,000 $435,000 $12,725 8.56%
GAINESVILLE, GA (FHA|USDA|VA) 5 $1,605,000 $321,000 $6,610 6.90%
MOBILE, AL (FHA|USDA|VA) 9 $1,465,000 $162,778 $6,672 7.76%
GAINESVILLE, FL (FHA|USDA|VA) 5 $1,465,000 $293,000 $11,234 6.82%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 9 $1,465,000 $162,778 $5,636 5.69%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 5 $1,455,000 $291,000 $9,633 7.47%
Lake City, FL (FHA|USDA|VA) 6 $1,440,000 $240,000 $9,198 7.06%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,430,000 $357,500 $9,326 6.56%
Bluefield, WV-VA (FHA|USDA|VA) 8 $1,360,000 $170,000 $5,602 7.20%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 4 $1,280,000 $320,000 $6,566 6.94%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 5 $1,265,000 $253,000 $10,684 6.82%
TUSCALOOSA, AL (FHA|USDA|VA) 4 $1,230,000 $307,500 $9,930 6.59%
Summerville, GA (FHA|USDA|VA) 7 $1,185,000 $169,286 $7,170 6.78%
COLUMBUS, GA-AL (FHA|USDA|VA) 6 $1,130,000 $188,333 $8,620 5.60%
JOHNSON CITY, TN (FHA|USDA|VA) 4 $1,120,000 $280,000 $6,800 7.47%
Richmond-Berea, KY (FHA|USDA|VA) 8 $1,110,000 $138,750 $5,129 6.28%
HUNTSVILLE, AL (FHA|USDA|VA) 3 $1,105,000 $368,333 $7,753 6.71%
JACKSON, TN (FHA|USDA|VA) 5 $1,085,000 $217,000 $9,927 6.20%
Milledgeville, GA (FHA|USDA|VA) 3 $1,065,000 $355,000 $6,074 6.88%
Waycross, GA (FHA|USDA|VA) 7 $1,045,000 $149,286 $5,847 6.23%
YORK-HANOVER, PA (FHA|USDA|VA) 4 $980,000 $245,000 $10,208 7.00%
St. Marys, GA (FHA|USDA|VA) 4 $970,000 $242,500 $7,724 7.31%
PANAMA CITY, FL (FHA|USDA|VA) 3 $955,000 $318,333 $8,860 6.88%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $935,000 $311,667 $11,646 6.21%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 6 $910,000 $151,667 $5,861 5.58%
Talladega-Sylacauga, AL (FHA|USDA|VA) 6 $900,000 $150,000 $7,093 6.50%
PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $880,000 $220,000 $4,228 5.78%
Laurinburg, NC (FHA|USDA|VA) 4 $880,000 $220,000 $6,624 7.41%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $870,000 $217,500 $9,244 8.19%
DOVER, DE (FHA|USDA|VA) 4 $830,000 $207,500 $9,969 7.47%
Jasper, AL (FHA|USDA|VA) 6 $800,000 $133,333 $6,338 6.63%
ALBANY, GA (FHA|USDA|VA) 6 $790,000 $131,667 $5,440 6.15%
Cornelia, GA (FHA|USDA|VA) 1 $765,000 $765,000 $44,676 6.75%
Lumberton, NC (FHA|USDA|VA) 3 $665,000 $221,667 $8,692 6.58%
Easton, MD (FHA|USDA|VA) 3 $655,000 $218,333 $7,218 8.33%
Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $640,000 $320,000 $5,082 6.88%
KNOXVILLE, TN (FHA|USDA|VA) 2 $630,000 $315,000 $7,949 6.62%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $615,000 $615,000 $6,260 6.25%
Frankfort, KY (FHA|USDA|VA) 4 $610,000 $152,500 $5,084 6.06%
Campbellsville, KY (FHA|USDA|VA) 7 $595,000 $85,000 $3,999 5.84%
Calhoun, GA (FHA|USDA|VA) 3 $595,000 $198,333 $4,246 4.50%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $585,000 $585,000 $7,599 6.88%
Bardstown, KY (FHA|USDA|VA) 2 $580,000 $290,000 $13,739 8.88%
Key West, FL (FHA|USDA|VA) 1 $565,000 $565,000 $11,244 7.38%
MONTGOMERY, AL (FHA|USDA|VA) 3 $545,000 $181,667 $4,196 6.88%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $545,000 $545,000 $5,583 6.75%
ROME, GA (FHA|USDA|VA) 2 $530,000 $265,000 $8,440 6.31%
GADSDEN, AL (FHA|USDA|VA) 3 $525,000 $175,000 $6,303 6.42%
Central City, KY (FHA|USDA|VA) 4 $520,000 $130,000 $7,768 6.44%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $495,000 $495,000 $10,851 6.38%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $490,000 $245,000 $8,734 7.56%
HARRISONBURG, VA (FHA|USDA|VA) 2 $460,000 $230,000 $4,252 7.18%
Sevierville, TN (FHA|USDA|VA) 1 $455,000 $455,000 $10,160 6.88%
Cullman, AL (FHA|USDA|VA) 3 $455,000 $151,667 $8,180 6.67%
SUMTER, SC (FHA|USDA|VA) 2 $440,000 $220,000 $7,861 7.19%
WILLIAMSPORT, PA (FHA|USDA|VA) 2 $440,000 $220,000 $10,455 6.69%
VALDOSTA, GA (FHA|USDA|VA) 3 $435,000 $145,000 $4,184 4.46%
PITTSBURGH, PA (FHA|USDA|VA) 2 $430,000 $215,000 $9,217 7.75%
DALTON, GA (FHA|USDA|VA) 2 $420,000 $210,000 $9,004 6.87%
LaGrange, GA-AL (FHA|USDA|VA) 3 $415,000 $138,333 $6,374 4.42%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $395,000 $395,000 $3,999 7.25%
Cookeville, TN (FHA|USDA|VA) 1 $385,000 $385,000 $12,686 7.63%
Danville, KY (FHA|USDA|VA) 2 $360,000 $180,000 $8,014 7.06%
THE VILLAGES, FL (FHA|USDA|VA) 2 $360,000 $180,000 $6,307 7.44%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $340,000 $170,000 $6,296 7.06%
Rockingham, NC (FHA|USDA|VA) 4 $340,000 $85,000 $4,975 5.90%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $335,000 $335,000 $0 7.75%
Mount Sterling, KY (FHA|USDA|VA) 4 $300,000 $75,000 $2,726 5.19%
Dyersburg, TN (FHA|USDA|VA) 1 $295,000 $295,000 $738 6.25%
Lewisburg, TN (FHA|USDA|VA) 1 $285,000 $285,000 $11,637 5.99%
Somerset, KY (FHA|USDA|VA) 1 $275,000 $275,000 $10,194 6.99%
Statesboro, GA (FHA|USDA|VA) 1 $265,000 $265,000 $9,679 7.25%
CLEVELAND, TN (FHA|USDA|VA) 1 $265,000 $265,000 $8,978 7.25%
London, KY (FHA|USDA|VA) 1 $255,000 $255,000 $6,416 7.50%
MORRISTOWN, TN (FHA|USDA|VA) 1 $255,000 $255,000 $6,504 7.88%
GETTYSBURG, PA (FHA|USDA|VA) 1 $235,000 $235,000 $12,148 5.75%
Seneca, SC (FHA|USDA|VA) 1 $225,000 $225,000 $8,554 6.75%
Henderson, NC (FHA|USDA|VA) 2 $220,000 $110,000 $9,474 3.13%
Crossville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $8,673 6.75%
Big Stone Gap, VA (FHA|USDA|VA) 2 $210,000 $105,000 $4,960 6.44%
New Castle, PA (FHA|USDA|VA) 1 $195,000 $195,000 $5,555 7.50%
Dublin, GA (FHA|USDA|VA) 3 $185,000 $61,667 $4,522 4.25%
Gaffney, SC (FHA|USDA|VA) 1 $175,000 $175,000 $10,712 6.63%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $175,000 $175,000 $8,861 6.25%
Newberry, SC (FHA|USDA|VA) 1 $175,000 $175,000 $6,769 8.88%
Fitzgerald, GA (FHA|USDA|VA) 2 $170,000 $85,000 $4,645 3.00%
FLORENCE, SC (FHA|USDA|VA) 1 $165,000 $165,000 $5,495 7.63%
Bennettsville, SC (FHA|USDA|VA) 1 $135,000 $135,000 $4,220 8.00%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $7,226 9.13%
Alexander City, AL (FHA|USDA|VA) 1 $115,000 $115,000 $5,533 7.25%
Union City, TN (FHA|USDA|VA) 1 $105,000 $105,000 $6,041 6.13%
Union, SC (FHA|USDA|VA) 1 $75,000 $75,000 $5,883 6.75%
Atlantic Bay Mortgage Group's top markets include Virginia Beach, Charlotte, Atlanta, Winston, and Greensboro among others.

Their top states include:
  • North Carolina (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 7,688 $2,023,890,000 $263,253 $5,946 6.10%
    FHA 3,022 $765,060,000 $253,163 $11,268 6.69%
    VA 1,858 $663,950,000 $357,347 $9,799 6.42%
    USDA 275 $54,035,000 $196,491 $8,229 6.63%

    For 2023, Atlantic Bay Mortgage Group's most frequently originated type of loan was Conventional, with 7,688 originations. Their 2nd most popular type was FHA, with 3,022 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 12,388 $3,382,840,000 $273,074 $7,816 6.28%
    Cash Out Refi 327 $86,675,000 $265,061 $8,823 7.00%
    Refi 115 $37,245,000 $323,870 $8,755 6.83%
    Other 13 $175,000 $13,462 $82 1.23%

    For 2023, Atlantic Bay Mortgage Group's most frequently cited loan purpose was Home Purchase, with 12,388 originations. The 2nd most popular reason was Cash Out Refi, with 327 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 11,505 $3,412,235,000 $296,587 $8,419 6.75%
    15 Year 971 $41,965,000 $43,218 $986 0.82%
    10 Year 193 $3,285,000 $17,021 $246 5.72%
    30+ year 108 $35,110,000 $325,093 $13,927 8.80%
    20 Year 63 $13,505,000 $214,365 $5,511 5.18%
    Other 3 $835,000 $278,333 $10,910 6.92%

    For 2023, Atlantic Bay Mortgage Group's most frequently cited loan duration was 30 Year, with 11,505 originations. The 2nd most popular length was 15 Year, with 971 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 3,319 $1,223,955,000 $368,772
    $3k-4k 2,241 $547,495,000 $244,308
    $1k-2k 1,886 $667,300,000 $353,818
    $2k-3k 1,800 $431,130,000 $239,517
    $4k-5k 1,722 $476,820,000 $276,899
    $<1k 1,639 $143,925,000 $87,813

    Atlantic Bay Mortgage Group's average total fees were $8,419, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 3,319 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 6,764 $2,003,740,000 $296,236
    7-8% 3,316 $943,210,000 $284,442
    5-6% 1,259 $437,735,000 $347,685
    <2.5% 976 $11,320,000 $11,598
    Over 8% 456 $108,760,000 $238,509
    3-4% 68 $800,000 $11,765
    4-5% 4 $1,370,000 $342,500

    During 2023, Atlantic Bay Mortgage Group's average interest rate for loans was 6.75%, while their most frequently originated rate bucket for loans was 6-7%, with 6,764 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 6,217 $1,762,005,000 $283,417 $8,937 6.80%
    $100k-200k 2,674 $423,660,000 $158,437 $6,847 6.87%
    $100,000 or less 1,681 $36,895,000 $21,948 $912 2.91%
    $400k-600k 1,641 $778,055,000 $474,135 $10,408 6.74%
    $600k-1MM 538 $378,650,000 $703,810 $10,714 6.72%
    $1MM+ 92 $127,670,000 $1,387,717 $14,031 6.84%

    2023 saw Atlantic Bay Mortgage Group place emphasis on $200k-400k loans with 6,217 originations, totaling $1,762,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 3,532 $628,730,000 $178,010 $6,681 5.86%
    $75k-100k 2,749 $660,375,000 $240,224 $8,111 6.30%
    $100k-150k 2,683 $865,825,000 $322,708 $9,173 6.72%
    $150k-250k 1,639 $699,225,000 $426,617 $9,037 6.88%
    $50k or less 1,476 $182,440,000 $123,604 $5,442 5.58%
    $250k+ 764 $470,340,000 $615,628 $9,499 6.98%

    Atlantic Bay Mortgage Group lent most frequently to those with incomes in the $50k-75k range, with 3,532 originations. The second most popular income band? $75k-100k, with 2,749 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 2,002 $525,470,000 $262,473 $7,061 6.20%
    20-30% 1,544 $452,810,000 $293,271 $6,804 6.34%
    50-60% 1,336 $409,350,000 $306,400 $11,092 6.55%
    42% 675 $169,605,000 $251,267 $6,920 5.60%
    49% 666 $201,800,000 $303,003 $8,975 6.86%
    44% 663 $167,035,000 $251,938 $8,151 6.64%
    43% 605 $141,865,000 $234,488 $6,819 5.82%
    41% 580 $138,130,000 $238,155 $7,048 5.76%
    40% 561 $140,415,000 $250,294 $7,126 5.86%
    39% 533 $137,875,000 $258,677 $7,077 6.03%
    48% 494 $142,710,000 $288,887 $8,491 6.80%
    37% 493 $125,875,000 $255,325 $7,428 5.93%
    38% 485 $118,695,000 $244,732 $7,164 6.00%
    45% 460 $131,380,000 $285,609 $8,477 6.79%
    47% 458 $136,180,000 $297,336 $8,796 6.77%
    46% 454 $130,920,000 $288,370 $8,337 6.76%
    36% 453 $116,245,000 $256,611 $6,788 6.10%
    <20% 319 $93,505,000 $293,119 $7,038 6.81%
    >60% 62 $27,070,000 $436,613 $11,015 6.16%

    Atlantic Bay Mortgage Group lent most frequently to those with DTI ratios of 30-36%, with 2,002 originations. The next most common DTI ratio? 20-30%, with 1,544 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 9,172 $2,558,090,000 $278,902 $7,828 6.36%
    Not provided 1,509 $422,215,000 $279,798 $7,745 6.23%
    Black 1,674 $387,320,000 $231,374 $7,886 5.98%
    Asian 272 $79,820,000 $293,456 $8,131 6.46%
    American Indian 103 $23,495,000 $228,107 $8,075 6.28%
    Asian Indian 46 $15,230,000 $331,087 $8,945 6.77%
    Filipino 21 $5,725,000 $272,619 $8,892 6.33%
    Native Hawaiian or Islander 7 $4,835,000 $690,714 $12,137 6.54%
    Other Asian 11 $3,765,000 $342,273 $8,802 6.01%
    Chinese 7 $1,735,000 $247,857 $6,948 6.71%
    Other Pacific Islander 7 $1,525,000 $217,857 $8,046 7.12%
    Korean 4 $1,450,000 $362,500 $7,269 6.62%
    Vietnamese 8 $1,360,000 $170,000 $5,579 5.98%
    Japanese 2 $370,000 $185,000 $8,221 6.63%

    Approval Rates

    Total approvals of all applications
    98.29%

    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
    72.40%

    Atlantic Bay Mortgage Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    10006.0 1 $175,000 $175,000
    14966.11 1 $455,000 $455,000
    16996.71 1 $175,000 $175,000
    17642.62 1 $505,000 $505,000
    2344.72 1 $125,000 $125,000
    4264.6 1 $125,000 $125,000
    5324.74 1 $195,000 $195,000
    6334.3 1 $185,000 $185,000
    8157.25 1 $145,000 $145,000
    8749.98 1 $185,000 $185,000
    NA 12,833 $3,504,665,000 $273,098

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    12,843 $3,506,935,000 $273,062

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 269 $46,595,000 $173,216 $5,532 6.85%
    40-60% 661 $188,325,000 $284,909 $6,714 6.89%
    60-80% 2,151 $702,325,000 $326,511 $7,795 7.02%
    80-100% 7,741 $2,339,855,000 $302,268 $8,794 6.77%
    Over 100% 579 $210,725,000 $363,946 $14,712 6.42%
    Under 20% 1,442 $19,110,000 $13,252 $197 2.25%