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

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

Jump to:

Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • 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 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. (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.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.02% 11/27/22
    30 Year Conventional Refi 6.89% 11/27/22
    30 Year Cash-out Refi 7.10% 11/27/22
    30 Year FHA Purchase 7.95% 11/27/22
    30 Year FHA Refi 7.68% 11/27/22
    30 Year VA Purchase 6.74% 11/27/22
    30 Year VA Refi 6.48% 11/27/22
    30 Year USDA Purchase 7.43% 11/27/22
    30 Year USDA Refi 7.30% 11/27/22
    15 Year Conventional Purchase 6.05% 11/27/22
    15 Year Conventional Refi 6.30% 11/27/22
    15 Year Cash-out Refi 6.30% 11/27/22
    15 Year FHA Purchase 8.04% 11/27/22
    15 Year FHA Refi 5.90% 11/27/22
    15 Year VA Purchase 6.17% 11/27/22
    15 Year VA Refi 6.44% 11/27/22
    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 mortgage rate was 3.16%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.01%.

    Relative Fees (Closing Costs)

    Atlantic Bay Mortgage Group's average total fees/closing costs for a 30 year fixed rate mortgage were $5,249.

    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 $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.

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

    • Similar Lenders

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

    PARK VIEW FEDERAL CREDIT UNION
    Similarity Rank: 245
    DUPONT COMMUNITY
    Similarity Rank: 294
    CAROLINA FOOTHILLS
    Similarity Rank: 484
    Piedmont Federal Savings Bank
    Similarity Rank: 533
    ABNB Federal Credit Union
    Similarity Rank: 544
    Cedar Point Federal Credit Union
    Similarity Rank: 546
    ROBINS FINANCIAL
    Similarity Rank: 682
    DRAGAS MORTGAGE COMPANY
    Similarity Rank: 722
    Countybank
    Similarity Rank: 840
    BEACH MUNICIPAL FEDERAL CREDIT UNION
    Similarity Rank: 860

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Atlantic Bay Mortgage Group's most frequently originated type of loan was Conventional, with 17,584 originations. Their 2nd most popular type was VA, with 3,320 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Atlantic Bay Mortgage Group's most frequently cited loan purpose was Home Purchase, with 17,334 originations. The 2nd most popular reason was 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 2021, Atlantic Bay Mortgage Group's most frequently cited loan duration was 30 Year, with 22,013 originations. The 2nd most popular length was 15 Year, with 1,655 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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

    Atlantic Bay Mortgage Group's average total fees were $5,249, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.16%, while their most frequently originated rate bucket for loans was 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%