Atlantic Bay Mortgage Group Rates, Fees & Info

VIRGINIA BEACH, VA

LEI: 549300RWXUAFD1WAE410

Tax ID: 54-1822116

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

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    • 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Virginia Beach, Charlotte, Atlanta, Roanoke, and Wilmington among others. We have data for 214 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 low 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 6.80% 11/17/24
    30 Year Conventional Refi 6.68% 11/17/24
    30 Year Cash-out Refi 6.92% 11/17/24
    30 Year FHA Purchase 7.54% 11/17/24
    30 Year FHA Refi 7.44% 11/17/24
    30 Year VA Purchase 6.38% 11/17/24
    30 Year VA Refi 6.06% 11/17/24
    30 Year USDA Purchase 7.10% 11/17/24
    30 Year USDA Refi 6.74% 11/17/24
    15 Year Conventional Purchase 2.88% 11/17/24
    15 Year Conventional Refi 6.13% 11/17/24
    15 Year Cash-out Refi 6.13% 11/17/24
    15 Year FHA Purchase 7.87% 11/17/24
    15 Year FHA Refi 7.92% 11/17/24
    15 Year VA Purchase 5.98% 11/17/24
    15 Year VA Refi 5.93% 11/17/24
    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

    17,736

    Origination Dollar Volume (All Markets)

    $3,940,840,000
    Show all (55) awards

    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) 5,335 $1,270,045,000 $238,059 $4,801 4.12%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1,695 $474,155,000 $279,737 $4,023 4.02%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 752 $221,720,000 $294,840 $4,110 4.14%
    ROANOKE, VA (FHA|USDA|VA) 836 $161,730,000 $193,457 $3,384 4.22%
    Outside of Metro Areas 777 $135,475,000 $174,356 $3,969 4.26%
    WILMINGTON, NC (FHA|USDA|VA) 437 $111,635,000 $255,458 $4,012 4.07%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 612 $108,640,000 $177,516 $3,952 3.77%
    ASHEVILLE, NC (FHA|USDA|VA) 414 $101,020,000 $244,010 $3,864 4.17%
    SALISBURY, MD-DE (FHA|USDA|VA) 285 $95,345,000 $334,544 $4,108 4.00%
    WINSTON-SALEM, NC (FHA|USDA|VA) 530 $85,480,000 $161,283 $4,581 3.86%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 417 $78,395,000 $187,998 $4,165 4.26%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 467 $76,465,000 $163,737 $3,780 4.08%
    RICHMOND, VA (FHA|USDA|VA) 310 $63,950,000 $206,290 $4,217 4.26%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 202 $62,580,000 $309,802 $5,349 3.97%
    LYNCHBURG, VA (FHA|USDA|VA) 292 $54,500,000 $186,644 $3,439 4.24%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 234 $49,960,000 $213,504 $4,396 4.22%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 194 $48,740,000 $251,237 $4,702 4.05%
    RALEIGH-CARY, NC (FHA|USDA|VA) 159 $48,285,000 $303,679 $3,939 4.05%
    NEW BERN, NC (FHA|USDA|VA) 252 $44,500,000 $176,587 $4,170 4.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 160 $37,140,000 $232,125 $4,720 4.16%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 206 $36,810,000 $178,689 $3,537 4.31%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 170 $30,010,000 $176,529 $4,356 4.19%
    Morehead City, NC (FHA|USDA|VA) 122 $29,290,000 $240,082 $4,117 4.16%
    GREENVILLE, NC (FHA|USDA|VA) 153 $24,005,000 $156,895 $3,758 3.99%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 128 $23,920,000 $186,875 $4,401 4.07%
    Greenwood, SC (FHA|USDA|VA) 144 $21,660,000 $150,417 $4,696 4.43%
    SALT LAKE CITY, UT (FHA|USDA|VA) 100 $19,850,000 $198,500 $3,959 3.91%
    Forest City, NC (FHA|USDA|VA) 96 $16,150,000 $168,229 $3,996 4.30%
    JACKSONVILLE, NC (FHA|USDA|VA) 84 $15,380,000 $183,095 $4,665 4.26%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 101 $14,445,000 $143,020 $3,474 3.98%
    BOWLING GREEN, KY (FHA|USDA|VA) 67 $13,955,000 $208,284 $4,191 3.98%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 81 $13,845,000 $170,926 $4,158 4.17%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 67 $13,785,000 $205,746 $4,464 4.31%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 50 $13,000,000 $260,000 $5,327 3.92%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 79 $12,345,000 $156,266 $3,539 3.84%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 68 $12,140,000 $178,529 $2,880 4.24%
    SPARTANBURG, SC (FHA|USDA|VA) 62 $12,080,000 $194,839 $4,535 4.34%
    FAYETTEVILLE, NC (FHA|USDA|VA) 54 $11,810,000 $218,704 $3,391 4.38%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 39 $10,765,000 $276,026 $4,336 3.96%
    Houghton, MI (FHA|USDA|VA) 71 $10,315,000 $145,282 $3,322 3.87%
    Marion, NC (FHA|USDA|VA) 52 $8,350,000 $160,577 $3,615 4.29%
    HARRISONBURG, VA (FHA|USDA|VA) 38 $8,300,000 $218,421 $3,902 4.11%
    Shelby, NC (FHA|USDA|VA) 59 $8,175,000 $138,559 $3,818 4.04%
    BURLINGTON, NC (FHA|USDA|VA) 51 $7,855,000 $154,020 $4,344 3.89%
    STAUNTON, VA (FHA|USDA|VA) 36 $7,650,000 $212,500 $3,645 4.11%
    WARNER ROBINS, GA (FHA|USDA|VA) 47 $7,155,000 $152,234 $4,489 4.26%
    COLUMBIA, SC (FHA|USDA|VA) 39 $6,975,000 $178,846 $4,476 4.08%
    Cullowhee, NC (FHA|USDA|VA) 38 $6,500,000 $171,053 $4,336 4.21%
    SAVANNAH, GA (FHA|USDA|VA) 30 $6,060,000 $202,000 $3,552 3.96%
    Bluefield, WV-VA (FHA|USDA|VA) 52 $6,000,000 $115,385 $3,329 4.38%
    ST. GEORGE, UT (FHA|USDA|VA) 27 $5,875,000 $217,593 $4,453 3.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 24 $5,800,000 $241,667 $4,295 4.52%
    Elizabeth City, NC (FHA|USDA|VA) 31 $5,675,000 $183,065 $4,913 4.09%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 23 $5,645,000 $245,435 $4,866 4.14%
    Statesboro, GA (FHA|USDA|VA) 31 $5,605,000 $180,806 $3,650 4.43%
    Boone, NC (FHA|USDA|VA) 21 $5,205,000 $247,857 $2,969 4.36%
    JACKSONVILLE, FL (FHA|USDA|VA) 22 $5,070,000 $230,455 $3,148 4.38%
    Sevierville, TN (FHA|USDA|VA) 29 $4,925,000 $169,828 $3,611 4.53%
    JOHNSON CITY, TN (FHA|USDA|VA) 34 $4,910,000 $144,412 $3,458 3.60%
    Kill Devil Hills, NC (FHA|USDA|VA) 16 $4,290,000 $268,125 $5,239 4.04%
    FORT WAYNE, IN (FHA|USDA|VA) 25 $4,045,000 $161,800 $4,462 4.05%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 27 $3,945,000 $146,111 $4,404 4.10%
    Georgetown, SC (FHA|USDA|VA) 22 $3,820,000 $173,636 $4,275 4.50%
    Brevard, NC (FHA|USDA|VA) 15 $3,815,000 $254,333 $3,927 4.18%
    KNOXVILLE, TN (FHA|USDA|VA) 25 $3,635,000 $145,400 $4,414 3.98%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 18 $3,630,000 $201,667 $6,119 4.34%
    TALLAHASSEE, FL (FHA|USDA|VA) 16 $3,600,000 $225,000 $7,591 4.15%
    Mount Airy, NC (FHA|USDA|VA) 24 $3,430,000 $142,917 $4,734 3.98%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 11 $3,405,000 $309,545 $4,285 4.10%
    Danville, VA (FHA|USDA|VA) 21 $3,095,000 $147,381 $4,337 4.49%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 12 $3,040,000 $253,333 $4,861 3.93%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 13 $2,895,000 $222,692 $4,979 4.50%
    WINCHESTER, VA-WV (FHA|USDA|VA) 14 $2,830,000 $202,143 $4,244 4.37%
    Albemarle, NC (FHA|USDA|VA) 17 $2,785,000 $163,824 $4,102 4.40%
    Martinsville, VA (FHA|USDA|VA) 23 $2,645,000 $115,000 $3,314 4.63%
    Washington, NC (FHA|USDA|VA) 18 $2,290,000 $127,222 $4,372 3.90%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 7 $2,155,000 $307,857 $5,221 4.38%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 11 $2,055,000 $186,818 $4,312 4.65%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 14 $1,980,000 $141,429 $3,988 4.31%
    Roanoke Rapids, NC (FHA|USDA|VA) 7 $1,945,000 $277,857 $5,444 4.39%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 7 $1,905,000 $272,143 $6,866 3.89%
    Cedar City, UT (FHA|USDA|VA) 7 $1,895,000 $270,714 $3,562 3.98%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 6 $1,810,000 $301,667 $3,921 3.88%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 6 $1,800,000 $300,000 $7,121 4.79%
    GAINESVILLE, GA (FHA|USDA|VA) 7 $1,755,000 $250,714 $4,105 4.09%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 8 $1,750,000 $218,750 $5,904 4.13%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 8 $1,720,000 $215,000 $3,568 4.23%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 10 $1,710,000 $171,000 $4,535 3.76%
    Lumberton, NC (FHA|USDA|VA) 13 $1,595,000 $122,692 $3,479 4.56%
    Orangeburg, SC (FHA|USDA|VA) 8 $1,550,000 $193,750 $4,831 4.23%
    DOVER, DE (FHA|USDA|VA) 8 $1,410,000 $176,250 $3,178 3.77%
    Seneca, SC (FHA|USDA|VA) 7 $1,395,000 $199,286 $4,568 4.45%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $1,340,000 $335,000 $5,434 3.66%
    Vidalia, GA (FHA|USDA|VA) 8 $1,310,000 $163,750 $4,673 4.33%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 6 $1,250,000 $208,333 $4,978 3.81%
    JACKSON, MS (FHA|USDA|VA) 7 $1,245,000 $177,857 $3,253 4.09%
    FLORENCE, SC (FHA|USDA|VA) 7 $1,205,000 $172,143 $5,695 3.80%
    Kinston, NC (FHA|USDA|VA) 13 $1,135,000 $87,308 $3,262 3.95%
    ROCKY MOUNT, NC (FHA|USDA|VA) 8 $1,070,000 $133,750 $4,167 3.69%
    Greeneville, TN (FHA|USDA|VA) 6 $1,010,000 $168,333 $4,179 3.71%
    THE VILLAGES, FL (FHA|USDA|VA) 3 $1,005,000 $335,000 $3,521 4.04%
    Jefferson, GA (FHA|USDA|VA) 3 $945,000 $315,000 $4,453 3.96%
    North Wilkesboro, NC (FHA|USDA|VA) 8 $940,000 $117,500 $4,710 4.37%
    MORRISTOWN, TN (FHA|USDA|VA) 9 $925,000 $102,778 $3,172 3.61%
    Wooster, OH (FHA|USDA|VA) 3 $865,000 $288,333 $4,894 3.71%
    PITTSBURGH, PA (FHA|USDA|VA) 7 $835,000 $119,286 $3,612 4.14%
    Huntington, IN (FHA|USDA|VA) 9 $815,000 $90,556 $3,649 4.11%
    Glasgow, KY (FHA|USDA|VA) 5 $785,000 $157,000 $3,714 3.93%
    BECKLEY, WV (FHA|USDA|VA) 6 $770,000 $128,333 $2,980 4.56%
    VALDOSTA, GA (FHA|USDA|VA) 5 $765,000 $153,000 $7,120 3.72%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 5 $755,000 $151,000 $2,396 4.45%
    Stevens Point, WI (FHA|USDA|VA) 5 $735,000 $147,000 $2,122 4.30%
    Palatka, FL (FHA|USDA|VA) 4 $690,000 $172,500 $4,282 4.00%
    Ashland, OH (FHA|USDA|VA) 6 $690,000 $115,000 $4,339 3.79%
    Jasper, AL (FHA|USDA|VA) 5 $655,000 $131,000 $3,592 4.53%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $650,000 $325,000 $3,373 3.94%
    Summerville, GA (FHA|USDA|VA) 5 $615,000 $123,000 $3,151 4.25%
    Tupelo, MS (FHA|USDA|VA) 4 $600,000 $150,000 $4,546 4.03%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $590,000 $147,500 $2,734 4.19%
    LaGrange, GA-AL (FHA|USDA|VA) 4 $590,000 $147,500 $4,847 4.22%
    Newberry, SC (FHA|USDA|VA) 2 $590,000 $295,000 $4,047 4.06%
    GOLDSBORO, NC (FHA|USDA|VA) 4 $590,000 $147,500 $2,072 3.31%
    Wilson, NC (FHA|USDA|VA) 4 $580,000 $145,000 $3,297 4.72%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $540,000 $270,000 $3,320 5.00%
    Warsaw, IN (FHA|USDA|VA) 3 $525,000 $175,000 $4,819 4.33%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $490,000 $245,000 $6,989 3.88%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $485,000 $485,000 $2,438 4.75%
    AKRON, OH (FHA|USDA|VA) 1 $455,000 $455,000 $3,520 3.75%
    SUMTER, SC (FHA|USDA|VA) 3 $445,000 $148,333 $5,489 4.54%
    Alexander City, AL (FHA|USDA|VA) 1 $445,000 $445,000 $3,207 4.38%
    MORGANTOWN, WV (FHA|USDA|VA) 2 $440,000 $220,000 $5,483 4.19%
    COLUMBUS, GA-AL (FHA|USDA|VA) 2 $430,000 $215,000 $6,024 3.75%
    Oxford, MS (FHA|USDA|VA) 1 $405,000 $405,000 $5,043 3.88%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $395,000 $395,000 $4,556 3.75%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $390,000 $195,000 $9,947 4.75%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $390,000 $195,000 $4,189 3.56%
    Granbury, TX (FHA|USDA|VA) 1 $385,000 $385,000 $4,960 4.13%
    Rockingham, NC (FHA|USDA|VA) 3 $375,000 $125,000 $883 4.67%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $370,000 $185,000 $3,637 4.50%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $370,000 $185,000 $4,002 3.81%
    Bluffton, IN (FHA|USDA|VA) 2 $360,000 $180,000 $2,246 4.13%
    GREEN BAY, WI (FHA|USDA|VA) 2 $360,000 $180,000 $1,803 4.88%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $350,000 $175,000 $2,459 4.31%
    Escanaba, MI (FHA|USDA|VA) 4 $330,000 $82,500 $4,446 4.59%
    PROVO-OREM, UT (FHA|USDA|VA) 1 $325,000 $325,000 $2,515 4.13%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $320,000 $160,000 $3,050 3.81%
    Thomasville, GA (FHA|USDA|VA) 1 $315,000 $315,000 $5,329 3.99%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $315,000 $315,000 $7,664 3.99%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $310,000 $155,000 $4,767 5.00%
    Clarksburg, WV (FHA|USDA|VA) 2 $300,000 $150,000 $2,111 5.44%
    Henderson, NC (FHA|USDA|VA) 2 $300,000 $150,000 $4,219 4.75%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $295,000 $295,000 $2,811 3.88%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 3 $295,000 $98,333 $3,264 4.67%
    Clovis, NM (FHA|USDA|VA) 3 $295,000 $98,333 $2,259 5.00%
    Holland, MI (FHA|USDA|VA) 1 $285,000 $285,000 $3,085 3.63%
    Manitowoc, WI (FHA|USDA|VA) 2 $280,000 $140,000 $1,369 4.56%
    Key West, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,265 4.88%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $275,000 $275,000 $8,305 4.63%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 2 $250,000 $125,000 $5,593 3.88%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $245,000 $245,000 $9,842 4.50%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $235,000 $235,000 $2,451 5.00%
    Shawano, WI (FHA|USDA|VA) 1 $235,000 $235,000 $2,567 3.88%
    Whitewater, WI (FHA|USDA|VA) 2 $230,000 $115,000 $2,037 4.38%
    LIMA, OH (FHA|USDA|VA) 1 $225,000 $225,000 $3,807 4.13%
    Central City, KY (FHA|USDA|VA) 1 $225,000 $225,000 $6,864 3.63%
    Durango, CO (FHA|USDA|VA) 1 $225,000 $225,000 $2,334 4.75%
    Crawfordsville, IN (FHA|USDA|VA) 1 $225,000 $225,000 $2,667 3.50%
    ROCKFORD, IL (FHA|USDA|VA) 1 $225,000 $225,000 $7,663 4.13%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $220,000 $110,000 $3,219 5.00%
    McMinnville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $1,225 4.25%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,663 3.63%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 2 $200,000 $100,000 $2,250 5.00%
    MANSFIELD, OH (FHA|USDA|VA) 2 $190,000 $95,000 $2,566 4.69%
    HUNTSVILLE, AL (FHA|USDA|VA) 2 $190,000 $95,000 $3,263 5.50%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $185,000 $185,000 $5,961 3.99%
    Jesup, GA (FHA|USDA|VA) 1 $175,000 $175,000 $3,139 3.88%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,528 4.38%
    COLUMBUS, IN (FHA|USDA|VA) 1 $175,000 $175,000 $1,739 4.63%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $175,000 $175,000 $450 4.99%
    DALTON, GA (FHA|USDA|VA) 2 $170,000 $85,000 $3,355 4.18%
    Newport, TN (FHA|USDA|VA) 1 $165,000 $165,000 $4,629 3.63%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $165,000 $165,000 $2,478 4.50%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $165,000 $165,000 $3,328 4.00%
    Angola, IN (FHA|USDA|VA) 1 $155,000 $155,000 $2,124 3.50%
    TERRE HAUTE, IN (FHA|USDA|VA) 1 $155,000 $155,000 $5,712 3.88%
    HINESVILLE, GA (FHA|USDA|VA) 1 $155,000 $155,000 $2,623 4.25%
    Celina, OH (FHA|USDA|VA) 1 $155,000 $155,000 $5,190 4.13%
    Price, UT (FHA|USDA|VA) 1 $155,000 $155,000 $3,986 3.63%
    APPLETON, WI (FHA|USDA|VA) 1 $155,000 $155,000 $2,513 4.00%
    Chillicothe, OH (FHA|USDA|VA) 1 $145,000 $145,000 $6,418 4.63%
    Cookeville, TN (FHA|USDA|VA) 1 $145,000 $145,000 $4,990 3.63%
    RACINE, WI (FHA|USDA|VA) 1 $145,000 $145,000 $4,460 4.63%
    Lake City, FL (FHA|USDA|VA) 1 $135,000 $135,000 $4,045 3.63%
    Gaffney, SC (FHA|USDA|VA) 1 $135,000 $135,000 $4,243 4.50%
    Sault Ste. Marie, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,018 3.88%
    WACO, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,732 3.75%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $130,000 $65,000 $3,100 2.75%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,602 4.88%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.63%
    Moultrie, GA (FHA|USDA|VA) 1 $115,000 $115,000 $4,892 3.50%
    Milledgeville, GA (FHA|USDA|VA) 1 $115,000 $115,000 $6,116 3.99%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $115,000 $115,000 $2,606 4.00%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $105,000 $105,000 $3,053 4.50%
    Dyersburg, TN (FHA|USDA|VA) 1 $105,000 $105,000 $2,659 4.25%
    Decatur, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,997 4.50%
    Middlesborough, KY (FHA|USDA|VA) 1 $105,000 $105,000 $2,562 4.38%
    Pottsville, PA (FHA|USDA|VA) 1 $95,000 $95,000 $4,547 3.50%
    TOLEDO, OH (FHA|USDA|VA) 1 $95,000 $95,000 $3,285 4.63%
    OCALA, FL (FHA|USDA|VA) 1 $75,000 $75,000 $3,901 4.50%
    Meadville, PA (FHA|USDA|VA) 1 $65,000 $65,000 $3,397 3.88%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.75%
    Americus, GA (FHA|USDA|VA) 1 $55,000 $55,000 $2,148 4.13%
    Marion, IN (FHA|USDA|VA) 1 $55,000 $55,000 $3,431 5.13%
    Crossville, TN (FHA|USDA|VA) 1 $55,000 $55,000 $466 5.25%
    Atlantic Bay Mortgage Group's top markets include Virginia Beach, Charlotte, Atlanta, Roanoke, and Wilmington among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 10,773 $2,405,515,000 $223,291 $3,286 4.14%
    FHA 3,065 $572,745,000 $186,866 $6,204 4.21%
    VA 3,026 $830,870,000 $274,577 $5,627 3.91%
    USDA 865 $130,795,000 $151,208 $4,297 4.13%
    FHA 7 $915,000 $130,714 $0 4.53%

    For 2019, Atlantic Bay Mortgage Group's most frequently originated type of loan was Conventional, with 10,773 originations. Their 2nd most popular type was FHA, with 3,065 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 14,179 $3,021,905,000 $213,125 $4,312 4.13%
    Cash Out Refi 2,008 $477,300,000 $237,699 $4,186 4.21%
    Refi 1,549 $441,635,000 $285,110 $4,027 3.80%

    For 2019, Atlantic Bay Mortgage Group's most frequently cited loan purpose was Home Purchase, with 14,179 originations. The 2nd most popular reason was Cash Out Refi, with 2,008 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 16,222 $3,681,090,000 $226,920 $4,411 4.20%
    15 Year 1,105 $181,295,000 $164,068 $2,517 2.94%
    20 Year 272 $57,180,000 $210,221 $3,417 4.03%
    10 Year 63 $4,805,000 $76,270 $1,276 2.01%
    Other 56 $12,480,000 $222,857 $4,288 4.03%
    30+ year 17 $3,975,000 $233,824 $9,734 4.63%
    5 Year 1 $15,000 $15,000 $0 0.00%

    For 2019, Atlantic Bay Mortgage Group's most frequently cited loan duration was 30 Year, with 16,222 originations. The 2nd most popular length was 15 Year, with 1,105 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 10,068 $2,287,700,000 $227,225
    $1k-2k 4,218 $826,880,000 $196,036
    $2k-3k 1,633 $379,125,000 $232,165
    $3k-4k 663 $177,415,000 $267,594
    $5k+ 262 $104,670,000 $399,504
    $4k-5k 240 $70,920,000 $295,500

    Atlantic Bay Mortgage Group's average total fees were $4,411, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 10,068 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 8,335 $2,098,305,000 $251,746
    4-5% 7,604 $1,597,750,000 $210,120
    5-6% 1,183 $187,575,000 $158,559
    <2.5% 378 $2,670,000 $7,063
    2.5-3% 115 $33,325,000 $289,783
    6-7% 102 $15,300,000 $150,000
    7-8% 10 $3,380,000 $338,000
    Over 8% 9 $2,535,000 $281,667

    During 2019, Atlantic Bay Mortgage Group's average interest rate for loans was 4.20%, while their most frequently originated rate bucket for loans was 3-4%, with 8,335 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 7,266 $1,996,060,000 $274,712 $4,917 4.08%
    $100k-200k 6,792 $1,038,500,000 $152,900 $3,973 4.27%
    $100,000 or less 2,137 $110,145,000 $51,542 $1,881 3.79%
    $400k-600k 1,300 $596,890,000 $459,146 $5,469 3.96%
    $600k-1MM 206 $152,880,000 $742,136 $5,737 4.08%
    $1MM+ 35 $46,365,000 $1,324,714 $6,098 4.12%

    2019 saw Atlantic Bay Mortgage Group place emphasis on $200k-400k loans with 7,266 originations, totaling $1,996,060,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 5,084 $922,750,000 $181,501 $4,167 4.14%
    $50k or less 4,169 $531,815,000 $127,564 $3,617 4.04%
    $100k-150k 2,963 $836,255,000 $282,233 $4,807 4.13%
    $75k-100k 2,869 $660,295,000 $230,148 $4,718 4.20%
    $150k-250k 1,639 $571,625,000 $348,764 $4,580 4.15%
    $250k+ 633 $303,475,000 $479,423 $4,465 4.17%

    Atlantic Bay Mortgage Group lent most frequently to those with incomes in the $50k-75k range, with 5,084 originations. The second most popular income band? $50k or less, with 4,169 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 3,251 $707,595,000 $217,655 $4,056 4.12%
    20-30% 3,115 $713,945,000 $229,196 $3,978 4.11%
    44% 956 $190,070,000 $198,818 $4,244 4.20%
    <20% 929 $218,865,000 $235,592 $3,494 4.05%
    50-60% 925 $235,445,000 $254,535 $6,330 4.07%
    42% 833 $169,495,000 $203,475 $4,191 4.01%
    40% 833 $165,335,000 $198,481 $4,142 4.07%
    43% 753 $160,765,000 $213,499 $4,296 4.21%
    41% 733 $152,035,000 $207,415 $4,123 4.07%
    39% 709 $151,195,000 $213,251 $4,831 4.08%
    38% 680 $144,530,000 $212,544 $4,009 4.12%
    37% 648 $135,860,000 $209,660 $3,936 4.17%
    36% 621 $138,965,000 $223,776 $4,134 4.08%
    45% 527 $121,535,000 $230,617 $4,625 4.21%
    49% 521 $120,605,000 $231,488 $4,540 4.22%
    48% 434 $97,480,000 $224,608 $4,579 4.24%
    47% 426 $97,550,000 $228,991 $4,719 4.26%
    46% 409 $89,515,000 $218,863 $4,549 4.24%
    >60% 41 $13,525,000 $329,878 $6,495 4.04%

    Atlantic Bay Mortgage Group lent most frequently to those with DTI ratios of 30-36%, with 3,251 originations. The next most common DTI ratio? 20-30%, with 3,115 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 13,768 $3,099,130,000 $225,097 $4,216 4.12%
    Black 2,128 $396,420,000 $186,288 $4,523 4.06%
    Not provided 1,261 $312,335,000 $247,688 $4,422 4.11%
    Asian 417 $98,845,000 $237,038 $4,370 4.11%
    American Indian 98 $19,560,000 $199,592 $4,665 4.16%
    Asian Indian 13 $4,535,000 $348,846 $4,626 4.07%
    Native Hawaiian or Islander 20 $3,430,000 $171,500 $3,915 4.26%
    Other Asian 10 $2,150,000 $215,000 $3,765 4.09%
    Filipino 8 $1,390,000 $173,750 $4,437 4.16%
    Other Pacific Islander 6 $1,230,000 $205,000 $5,410 4.15%
    Chinese 3 $765,000 $255,000 $3,776 4.21%
    Vietnamese 2 $520,000 $260,000 $4,681 4.38%
    1 $355,000 $355,000 $9,669 4.63%
    Korean 1 $175,000 $175,000 $6,143 3.99%

    Approval Rates

    Total approvals of all applications
    96.59%

    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
    72.77%

    Atlantic Bay Mortgage Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 17,736 $3,940,840,000 $222,194

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 109 $14,015,000 $128,578
    Single Family (1-4 Units):Site-Built 17,627 $3,926,825,000 $222,773

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 274 $39,000,000 $142,336 $2,862 4.06%
    40-60% 894 $189,460,000 $211,924 $3,213 4.03%
    60-80% 3,515 $886,225,000 $252,127 $3,585 4.27%
    80-100% 11,068 $2,472,740,000 $223,413 $4,544 4.23%
    Over 100% 826 $235,380,000 $284,964 $8,806 3.94%
    Under 20% 794 $7,150,000 $9,005 $186 2.33%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    ATLANTIC BAY MORTGAGE GROUP LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    ATLANTIC BAY MORTGAGE GROUP LLC Conventional home mortgage Struggling to pay mortgage 1 20.0%
    ATLANTIC BAY MORTGAGE GROUP LLC Conventional home mortgage Trouble during payment process 3 60.0%