Atlantic Bay Mortgage Group Rates, Fees & Info
VIRGINIA BEACH, VALEI: 549300RWXUAFD1WAE410
Tax ID: 54-1822116
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Mortgage Data
Review & Overview
Atlantic Bay Mortgage Group is a mid-sized mortgage company specializing in Home Purchase and Refi 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 154 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.80% | 4/19/24 |
| 30 Year Conventional Refi | 6.68% | 4/19/24 |
| 30 Year Cash-out Refi | 6.92% | 4/19/24 |
| 30 Year FHA Purchase | 7.54% | 4/19/24 |
| 30 Year FHA Refi | 7.44% | 4/19/24 |
| 30 Year VA Purchase | 6.38% | 4/19/24 |
| 30 Year VA Refi | 6.06% | 4/19/24 |
| 30 Year USDA Purchase | 7.10% | 4/19/24 |
| 30 Year USDA Refi | 6.74% | 4/19/24 |
| 15 Year Conventional Purchase | 2.88% | 4/19/24 |
| 15 Year Conventional Refi | 6.13% | 4/19/24 |
| 15 Year Cash-out Refi | 6.13% | 4/19/24 |
| 15 Year FHA Purchase | 7.87% | 4/19/24 |
| 15 Year FHA Refi | 7.92% | 4/19/24 |
| 15 Year VA Purchase | 5.98% | 4/19/24 |
| 15 Year VA Refi | 5.93% | 4/19/24 |
| 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
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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
26,185Origination Dollar Volume (All Markets)
$6,727,175,000Awards
ATLANTIC BAY MORTGAGE GROUP - 2020
ATLANTIC BAY MORTGAGE GROUP is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 7,716 | $1,998,900,000 | $259,059 | $5,176 | 3.12% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3,318 | $1,035,420,000 | $312,061 | $4,315 | 3.18% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1,471 | $469,075,000 | $318,882 | $4,048 | 3.16% |
| ROANOKE, VA (FHA|USDA|VA) | 1,141 | $240,395,000 | $210,688 | $3,725 | 3.18% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1,029 | $223,515,000 | $217,216 | $4,280 | 3.17% |
| Outside of Metro Areas | 1,015 | $216,755,000 | $213,552 | $4,609 | 3.23% |
| WILMINGTON, NC (FHA|USDA|VA) | 712 | $204,860,000 | $287,725 | $4,326 | 3.21% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 568 | $199,430,000 | $351,109 | $4,033 | 3.02% |
| ASHEVILLE, NC (FHA|USDA|VA) | 633 | $168,065,000 | $265,506 | $3,880 | 3.24% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 751 | $153,335,000 | $204,174 | $4,368 | 3.22% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 742 | $142,560,000 | $192,129 | $4,680 | 3.31% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 370 | $127,480,000 | $344,541 | $5,256 | 3.01% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 543 | $118,395,000 | $218,039 | $4,383 | 3.26% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 328 | $105,560,000 | $321,829 | $3,950 | 3.11% |
| LYNCHBURG, VA (FHA|USDA|VA) | 455 | $98,145,000 | $215,703 | $3,964 | 3.15% |
| Morehead City, NC (FHA|USDA|VA) | 294 | $83,020,000 | $282,381 | $4,499 | 3.15% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 275 | $80,895,000 | $294,164 | $5,295 | 3.17% |
| RICHMOND, VA (FHA|USDA|VA) | 300 | $78,690,000 | $262,300 | $4,564 | 3.16% |
| NEW BERN, NC (FHA|USDA|VA) | 367 | $75,895,000 | $206,798 | $4,571 | 3.21% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 258 | $73,750,000 | $285,853 | $4,268 | 3.14% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 348 | $70,100,000 | $201,437 | $4,033 | 3.27% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 280 | $60,180,000 | $214,929 | $4,345 | 3.32% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 202 | $49,350,000 | $244,307 | $5,227 | 3.25% |
| GREENVILLE, NC (FHA|USDA|VA) | 203 | $40,305,000 | $198,547 | $4,604 | 3.24% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 161 | $33,335,000 | $207,050 | $4,677 | 3.22% |
| Greenwood, SC (FHA|USDA|VA) | 187 | $32,445,000 | $173,503 | $5,588 | 3.31% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 172 | $32,250,000 | $187,500 | $5,396 | 3.11% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 148 | $31,970,000 | $216,014 | $4,103 | 3.12% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 138 | $27,470,000 | $199,058 | $4,827 | 3.26% |
| Forest City, NC (FHA|USDA|VA) | 130 | $26,170,000 | $201,308 | $4,429 | 3.24% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 75 | $22,775,000 | $303,667 | $4,037 | 3.10% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 82 | $21,270,000 | $259,390 | $4,695 | 3.02% |
| BURLINGTON, NC (FHA|USDA|VA) | 115 | $21,055,000 | $183,087 | $4,691 | 3.17% |
| STAUNTON, VA (FHA|USDA|VA) | 98 | $20,690,000 | $211,122 | $3,883 | 3.17% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 104 | $20,410,000 | $196,250 | $4,387 | 3.26% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 88 | $14,420,000 | $163,864 | $4,215 | 3.51% |
| Shelby, NC (FHA|USDA|VA) | 71 | $13,725,000 | $193,310 | $4,971 | 3.29% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 58 | $13,320,000 | $229,655 | $5,081 | 3.31% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 44 | $13,310,000 | $302,500 | $4,663 | 3.25% |
| Brevard, NC (FHA|USDA|VA) | 47 | $13,085,000 | $278,404 | $3,840 | 3.13% |
| Marion, NC (FHA|USDA|VA) | 60 | $11,990,000 | $199,833 | $4,380 | 3.29% |
| SPARTANBURG, SC (FHA|USDA|VA) | 59 | $11,015,000 | $186,695 | $4,510 | 3.31% |
| Cullowhee, NC (FHA|USDA|VA) | 49 | $10,715,000 | $218,673 | $4,372 | 3.22% |
| Boone, NC (FHA|USDA|VA) | 33 | $10,115,000 | $306,515 | $3,674 | 3.14% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 53 | $9,855,000 | $185,943 | $5,135 | 3.29% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 32 | $9,580,000 | $299,375 | $3,399 | 2.90% |
| Mount Airy, NC (FHA|USDA|VA) | 49 | $8,595,000 | $175,408 | $4,719 | 3.41% |
| Bluefield, WV-VA (FHA|USDA|VA) | 59 | $8,405,000 | $142,458 | $5,024 | 3.24% |
| GAINESVILLE, GA (FHA|USDA|VA) | 29 | $8,005,000 | $276,034 | $4,203 | 3.19% |
| Elizabeth City, NC (FHA|USDA|VA) | 35 | $7,715,000 | $220,429 | $6,004 | 3.20% |
| COLUMBIA, SC (FHA|USDA|VA) | 37 | $7,685,000 | $207,703 | $4,438 | 3.16% |
| HARRISONBURG, VA (FHA|USDA|VA) | 24 | $6,070,000 | $252,917 | $4,252 | 2.93% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 19 | $5,685,000 | $299,211 | $3,554 | 3.01% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 18 | $5,460,000 | $303,333 | $4,501 | 3.13% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 29 | $5,455,000 | $188,103 | $4,884 | 3.07% |
| Albemarle, NC (FHA|USDA|VA) | 21 | $5,415,000 | $257,857 | $5,182 | 3.21% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 15 | $5,295,000 | $353,000 | $4,681 | 3.03% |
| Washington, NC (FHA|USDA|VA) | 25 | $5,075,000 | $203,000 | $4,333 | 3.22% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 17 | $5,035,000 | $296,176 | $4,622 | 3.04% |
| Georgetown, SC (FHA|USDA|VA) | 21 | $5,025,000 | $239,286 | $4,041 | 3.23% |
| BRUNSWICK, GA (FHA|USDA|VA) | 13 | $4,925,000 | $378,846 | $4,344 | 3.06% |
| Jefferson, GA (FHA|USDA|VA) | 16 | $4,480,000 | $280,000 | $4,294 | 3.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 22 | $4,390,000 | $199,545 | $3,975 | 3.09% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 27 | $4,345,000 | $160,926 | $4,446 | 3.21% |
| Danville, VA (FHA|USDA|VA) | 19 | $4,345,000 | $228,684 | $4,088 | 3.30% |
| North Wilkesboro, NC (FHA|USDA|VA) | 23 | $3,815,000 | $165,870 | $7,071 | 3.43% |
| SAVANNAH, GA (FHA|USDA|VA) | 12 | $3,480,000 | $290,000 | $3,433 | 3.05% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 9 | $3,425,000 | $380,556 | $3,582 | 2.67% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 13 | $2,965,000 | $228,077 | $5,355 | 3.16% |
| Milledgeville, GA (FHA|USDA|VA) | 13 | $2,755,000 | $211,923 | $4,786 | 3.23% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 13 | $2,745,000 | $211,154 | $4,063 | 2.92% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 11 | $2,635,000 | $239,545 | $5,512 | 2.99% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 9 | $2,565,000 | $285,000 | $3,697 | 3.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 9 | $2,545,000 | $282,778 | $4,666 | 3.19% |
| Martinsville, VA (FHA|USDA|VA) | 18 | $2,520,000 | $140,000 | $5,234 | 3.15% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 9 | $2,415,000 | $268,333 | $4,022 | 2.90% |
| Seneca, SC (FHA|USDA|VA) | 9 | $2,375,000 | $263,889 | $5,157 | 3.00% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 10 | $2,340,000 | $234,000 | $4,501 | 3.06% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 9 | $2,135,000 | $237,222 | $4,111 | 2.92% |
| Sevierville, TN (FHA|USDA|VA) | 7 | $2,045,000 | $292,143 | $4,542 | 3.23% |
| DOVER, DE (FHA|USDA|VA) | 8 | $1,930,000 | $241,250 | $3,842 | 2.92% |
| Greeneville, TN (FHA|USDA|VA) | 7 | $1,565,000 | $223,571 | $5,101 | 3.41% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 7 | $1,545,000 | $220,714 | $3,366 | 2.89% |
| FLORENCE, SC (FHA|USDA|VA) | 10 | $1,470,000 | $147,000 | $4,255 | 3.16% |
| GOLDSBORO, NC (FHA|USDA|VA) | 7 | $1,355,000 | $193,571 | $4,607 | 3.20% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $2,947 | 2.83% |
| Glasgow, KY (FHA|USDA|VA) | 7 | $1,265,000 | $180,714 | $5,293 | 3.25% |
| CLEVELAND, TN (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $5,399 | 3.41% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 10 | $1,140,000 | $114,000 | $4,070 | 3.24% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $5,635 | 3.16% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $3,770 | 2.96% |
| Central City, KY (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $4,737 | 3.15% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $6,504 | 4.38% |
| Kinston, NC (FHA|USDA|VA) | 6 | $980,000 | $163,333 | $3,820 | 3.35% |
| LOUISVILLE, KY (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $3,334 | 3.16% |
| Cornelia, GA (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $3,632 | 3.56% |
| Calhoun, GA (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $4,031 | 2.94% |
| DALTON, GA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $4,808 | 3.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $5,615 | 3.00% |
| Gaffney, SC (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $5,876 | 3.56% |
| Wilson, NC (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,847 | 3.63% |
| SUMTER, SC (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $4,416 | 3.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $4,479 | 3.58% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $4,189 | 3.50% |
| St. Marys, GA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,422 | 3.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,487 | 2.94% |
| Easton, MD (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,016 | 3.88% |
| Campbellsville, KY (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $7,620 | 3.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $6,468 | 3.67% |
| Dublin, GA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $6,219 | 3.08% |
| Statesboro, GA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,364 | 4.19% |
| Sanford, NC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,509 | 2.69% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,632 | 3.63% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,439 | 2.44% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,019 | 3.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $20,075 | 2.88% |
| Lumberton, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,878 | 3.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,178 | 3.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,520 | 2.63% |
| Newberry, SC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,746 | 3.25% |
| Summerville, GA (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $4,343 | 3.17% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,139 | 3.13% |
| OCALA, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,451 | 2.88% |
| JACKSON, TN (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $3,136 | 4.29% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,441 | 2.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,121 | 3.69% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,119 | 3.88% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,796 | 3.88% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,856 | 3.25% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,680 | 3.13% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,986 | 3.50% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,620 | 2.75% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,464 | 3.13% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,400 | 3.13% |
| Laurinburg, NC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,933 | 3.31% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,797 | 2.50% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,140 | 3.13% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,262 | 3.50% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,405 | 3.50% |
| Henderson, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,594 | 4.50% |
| FLINT, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,703 | 3.63% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,635 | 2.50% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,193 | 3.38% |
| ROME, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,624 | 3.13% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,577 | 3.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,646 | 3.25% |
| Big Stone Gap, VA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,445 | 4.44% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,494 | 3.63% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,212 | 3.38% |
| Houghton, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,853 | 3.13% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,037 | 3.13% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,516 | 3.50% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,336 | 2.63% |
| Fitzgerald, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $3,951 | 3.00% |
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Product Mix
For 2020, Atlantic Bay Mortgage Group's most frequently originated type of loan was Conventional, with 19,147 originations. Their 2nd most popular type was VA, with 3,502 originations.
Loan Reason
For 2020, Atlantic Bay Mortgage Group's most frequently cited loan purpose was Home Purchase, with 15,579 originations. The 2nd most popular reason was Refi, with 8,048 originations.
Loan Duration/Length
For 2020, Atlantic Bay Mortgage Group's most frequently cited loan duration was 30 Year, with 22,991 originations. The 2nd most popular length was 15 Year, with 2,014 originations.
Origination Fees/Closing Costs
Atlantic Bay Mortgage Group's average total fees were $4,775, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 12,671 originations.
Interest Rates
During 2020, Atlantic Bay Mortgage Group's average interest rate for loans was 3.22%, while their most frequently originated rate bucket for loans was 3-4%, with 13,022 originations.
Loan Sizing
2020 saw Atlantic Bay Mortgage Group place emphasis on $200k-400k loans with 12,842 originations, totaling $3,614,070,000 in origination value.
Applicant Income
Atlantic Bay Mortgage Group lent most frequently to those with incomes in the $50k-75k range, with 6,567 originations. The second most popular income band? $50k or less, with 5,171 originations.
Applicant Debt to Income Ratio
Atlantic Bay Mortgage Group lent most frequently to those with DTI ratios of 20-30%, with 5,906 originations. The next most common DTI ratio? 30-36%, with 4,787 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.81%
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 origination79.15%
Atlantic Bay Mortgage Group has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 26,185 | $6,727,175,000 | $256,909 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 126 | $17,300,000 | $137,302 |
| Single Family (1-4 Units):Site-Built | 26,059 | $6,709,875,000 | $257,488 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ATLANTIC BAY MORTGAGE GROUP LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 13.3% |
| ATLANTIC BAY MORTGAGE GROUP LLC | Conventional home mortgage | Closing on a mortgage | 1 | 6.7% |
| ATLANTIC BAY MORTGAGE GROUP LLC | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| ATLANTIC BAY MORTGAGE GROUP LLC | Conventional home mortgage | Trouble during payment process | 4 | 26.7% |
| ATLANTIC BAY MORTGAGE GROUP LLC | FHA mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 6.7% |
| ATLANTIC BAY MORTGAGE GROUP LLC | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| ATLANTIC BAY MORTGAGE GROUP LLC | Other type of mortgage | Trouble during payment process | 1 | 6.7% |
| ATLANTIC BAY MORTGAGE GROUP LLC | VA mortgage | Closing on a mortgage | 1 | 6.7% |
| ATLANTIC BAY MORTGAGE GROUP LLC | VA mortgage | Trouble during payment process | 3 | 20.0% |