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


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

24,484

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

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 applications
97.54%

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 origination
77.67%

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%