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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 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 163 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 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

    15,954

    Origination Dollar Volume (All Markets)

    $4,502,300,000
    Show all (10) 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) 3,666 $1,064,580,000 $290,393 $7,781 4.97%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1,700 $669,900,000 $394,059 $6,786 4.81%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 633 $253,905,000 $401,114 $6,458 4.99%
    Outside of Metro Areas 766 $171,230,000 $223,538 $6,507 4.94%
    WINSTON-SALEM, NC (FHA|USDA|VA) 717 $151,415,000 $211,179 $6,344 4.71%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 670 $141,480,000 $211,164 $5,536 4.65%
    ROANOKE, VA (FHA|USDA|VA) 576 $136,650,000 $237,240 $5,424 5.14%
    WILMINGTON, NC (FHA|USDA|VA) 340 $132,690,000 $390,265 $6,463 5.01%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 515 $111,185,000 $215,893 $6,821 4.62%
    BOWLING GREEN, KY (FHA|USDA|VA) 420 $100,960,000 $240,381 $6,114 4.88%
    RALEIGH-CARY, NC (FHA|USDA|VA) 256 $100,250,000 $391,602 $6,268 5.01%
    SALISBURY, MD-DE (FHA|USDA|VA) 171 $80,105,000 $468,450 $6,518 4.08%
    NEW BERN, NC (FHA|USDA|VA) 317 $70,595,000 $222,697 $6,942 4.91%
    ASHEVILLE, NC (FHA|USDA|VA) 225 $70,065,000 $311,400 $6,262 5.13%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 229 $68,355,000 $298,493 $6,853 5.08%
    WARNER ROBINS, GA (FHA|USDA|VA) 281 $64,595,000 $229,875 $6,755 4.83%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 170 $61,010,000 $358,882 $8,032 4.67%
    LYNCHBURG, VA (FHA|USDA|VA) 256 $60,650,000 $236,914 $6,009 5.07%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 219 $56,595,000 $258,425 $7,191 5.00%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 155 $54,215,000 $349,774 $6,515 4.99%
    RICHMOND, VA (FHA|USDA|VA) 181 $53,295,000 $294,448 $7,090 5.29%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 137 $52,645,000 $384,270 $9,613 5.01%
    Morehead City, NC (FHA|USDA|VA) 139 $50,945,000 $366,511 $8,110 5.20%
    GREENVILLE, NC (FHA|USDA|VA) 190 $43,470,000 $228,789 $6,877 4.83%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 188 $37,840,000 $201,277 $5,613 5.21%
    JACKSONVILLE, NC (FHA|USDA|VA) 165 $35,235,000 $213,545 $6,990 4.72%
    GOLDSBORO, NC (FHA|USDA|VA) 152 $31,840,000 $209,474 $6,747 4.84%
    ROCKY MOUNT, NC (FHA|USDA|VA) 167 $30,755,000 $184,162 $5,937 4.36%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 168 $29,940,000 $178,214 $6,027 4.63%
    Greenwood, SC (FHA|USDA|VA) 148 $27,940,000 $188,784 $7,136 4.80%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 120 $26,850,000 $223,750 $7,635 5.01%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 85 $26,235,000 $308,647 $6,509 5.05%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 78 $25,680,000 $329,231 $8,858 4.88%
    FAYETTEVILLE, NC (FHA|USDA|VA) 92 $20,480,000 $222,609 $7,389 5.02%
    STAUNTON, VA (FHA|USDA|VA) 94 $20,020,000 $212,979 $5,291 5.23%
    Elizabeth City, NC (FHA|USDA|VA) 70 $17,890,000 $255,571 $8,594 5.00%
    SPARTANBURG, SC (FHA|USDA|VA) 71 $17,135,000 $241,338 $6,205 4.91%
    Wilson, NC (FHA|USDA|VA) 80 $16,710,000 $208,875 $6,304 5.22%
    BURLINGTON, NC (FHA|USDA|VA) 77 $15,965,000 $207,338 $6,121 4.35%
    Forest City, NC (FHA|USDA|VA) 89 $15,955,000 $179,270 $6,088 4.52%
    Mount Airy, NC (FHA|USDA|VA) 74 $13,720,000 $185,405 $5,816 5.00%
    Roanoke Rapids, NC (FHA|USDA|VA) 78 $13,110,000 $168,077 $6,658 4.79%
    Shelby, NC (FHA|USDA|VA) 68 $12,900,000 $189,706 $6,325 4.01%
    Marion, NC (FHA|USDA|VA) 60 $12,330,000 $205,500 $5,612 4.90%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 30 $10,100,000 $336,667 $7,941 4.59%
    COLUMBIA, SC (FHA|USDA|VA) 35 $9,765,000 $279,000 $7,615 5.00%
    Kinston, NC (FHA|USDA|VA) 65 $9,535,000 $146,692 $5,434 4.33%
    Boone, NC (FHA|USDA|VA) 25 $8,725,000 $349,000 $5,599 4.78%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 36 $7,950,000 $220,833 $6,016 5.07%
    Kill Devil Hills, NC (FHA|USDA|VA) 18 $7,350,000 $408,333 $7,927 4.96%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 22 $7,290,000 $331,364 $7,102 6.43%
    Glasgow, KY (FHA|USDA|VA) 39 $6,625,000 $169,872 $5,290 4.71%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 14 $6,590,000 $470,714 $7,159 5.15%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 19 $6,295,000 $331,316 $7,353 4.71%
    Albemarle, NC (FHA|USDA|VA) 22 $6,110,000 $277,727 $8,402 4.60%
    North Wilkesboro, NC (FHA|USDA|VA) 27 $5,795,000 $214,630 $10,760 5.28%
    Cullowhee, NC (FHA|USDA|VA) 21 $5,745,000 $273,571 $7,648 4.53%
    LOUISVILLE, KY (FHA|USDA|VA) 26 $5,590,000 $215,000 $6,366 5.54%
    JACKSONVILLE, FL (FHA|USDA|VA) 18 $5,540,000 $307,778 $8,005 5.48%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 13 $5,165,000 $397,308 $7,336 5.63%
    GAINESVILLE, GA (FHA|USDA|VA) 16 $5,160,000 $322,500 $4,909 5.07%
    Jefferson, GA (FHA|USDA|VA) 14 $5,140,000 $367,143 $8,141 4.93%
    Brevard, NC (FHA|USDA|VA) 15 $4,955,000 $330,333 $6,923 5.57%
    BRUNSWICK, GA (FHA|USDA|VA) 14 $4,750,000 $339,286 $6,733 5.29%
    Danville, VA (FHA|USDA|VA) 23 $4,355,000 $189,348 $6,763 5.01%
    SAVANNAH, GA (FHA|USDA|VA) 14 $4,040,000 $288,571 $8,701 5.02%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 15 $3,625,000 $241,667 $7,798 4.47%
    Bluefield, WV-VA (FHA|USDA|VA) 18 $3,450,000 $191,667 $6,091 4.50%
    Seneca, SC (FHA|USDA|VA) 9 $3,185,000 $353,889 $4,829 4.37%
    HARRISONBURG, VA (FHA|USDA|VA) 12 $3,170,000 $264,167 $5,766 4.32%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 9 $2,825,000 $313,889 $7,927 5.11%
    Sanford, NC (FHA|USDA|VA) 13 $2,815,000 $216,538 $7,870 5.09%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 6 $2,740,000 $456,667 $12,955 4.25%
    Washington, NC (FHA|USDA|VA) 14 $2,650,000 $189,286 $7,246 4.95%
    Martinsville, VA (FHA|USDA|VA) 15 $2,625,000 $175,000 $9,258 5.40%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 9 $2,625,000 $291,667 $7,276 5.08%
    Georgetown, SC (FHA|USDA|VA) 13 $2,495,000 $191,923 $7,025 3.41%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $2,450,000 $408,333 $8,186 6.17%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 10 $2,210,000 $221,000 $7,081 6.65%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 8 $2,140,000 $267,500 $8,078 5.40%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 8 $2,070,000 $258,750 $6,615 5.36%
    KNOXVILLE, TN (FHA|USDA|VA) 5 $1,935,000 $387,000 $5,488 3.85%
    Newberry, SC (FHA|USDA|VA) 6 $1,900,000 $316,667 $7,126 5.02%
    Summerville, GA (FHA|USDA|VA) 8 $1,720,000 $215,000 $8,397 5.08%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,640,000 $273,333 $8,330 5.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 11 $1,605,000 $145,909 $4,275 3.94%
    TALLAHASSEE, FL (FHA|USDA|VA) 3 $1,445,000 $481,667 $8,024 5.41%
    Milledgeville, GA (FHA|USDA|VA) 6 $1,330,000 $221,667 $6,000 5.10%
    Sevierville, TN (FHA|USDA|VA) 2 $1,320,000 $660,000 $8,014 3.69%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,285,000 $428,333 $7,279 5.38%
    PANAMA CITY, FL (FHA|USDA|VA) 4 $1,170,000 $292,500 $7,397 5.28%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 5 $1,135,000 $227,000 $10,205 6.30%
    Gaffney, SC (FHA|USDA|VA) 6 $1,060,000 $176,667 $5,192 4.60%
    LaGrange, GA-AL (FHA|USDA|VA) 7 $1,055,000 $150,714 $6,887 3.86%
    SUMTER, SC (FHA|USDA|VA) 6 $1,050,000 $175,000 $4,351 4.96%
    Lumberton, NC (FHA|USDA|VA) 6 $990,000 $165,000 $6,189 5.98%
    St. Marys, GA (FHA|USDA|VA) 4 $990,000 $247,500 $6,973 5.06%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $975,000 $325,000 $6,993 5.00%
    Rockingham, NC (FHA|USDA|VA) 5 $945,000 $189,000 $4,590 4.82%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 3 $905,000 $301,667 $6,649 6.63%
    Calhoun, GA (FHA|USDA|VA) 3 $905,000 $301,667 $7,946 5.04%
    DALTON, GA (FHA|USDA|VA) 3 $895,000 $298,333 $8,699 5.95%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $820,000 $410,000 $5,264 4.13%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $810,000 $405,000 $9,385 6.44%
    Orangeburg, SC (FHA|USDA|VA) 4 $800,000 $200,000 $5,785 4.28%
    Central City, KY (FHA|USDA|VA) 6 $800,000 $133,333 $5,068 4.83%
    COLUMBUS, GA-AL (FHA|USDA|VA) 3 $765,000 $255,000 $9,659 4.88%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $745,000 $248,333 $7,399 4.54%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $720,000 $360,000 $8,714 6.06%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $650,000 $325,000 $3,842 3.93%
    Cedartown, GA (FHA|USDA|VA) 2 $650,000 $325,000 $4,342 5.25%
    ALBANY, GA (FHA|USDA|VA) 3 $625,000 $208,333 $4,466 5.63%
    WINCHESTER, VA-WV (FHA|USDA|VA) 3 $595,000 $198,333 $8,201 4.67%
    Waycross, GA (FHA|USDA|VA) 2 $590,000 $295,000 $9,024 5.25%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $565,000 $565,000 $12,097 5.88%
    OWENSBORO, KY (FHA|USDA|VA) 3 $545,000 $181,667 $3,994 5.08%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 3 $535,000 $178,333 $6,447 5.58%
    READING, PA (FHA|USDA|VA) 1 $535,000 $535,000 $5,919 4.99%
    Dublin, GA (FHA|USDA|VA) 4 $520,000 $130,000 $6,489 3.41%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $500,000 $250,000 $6,487 4.87%
    JACKSON, TN (FHA|USDA|VA) 4 $490,000 $122,500 $3,865 6.25%
    Madisonville, KY (FHA|USDA|VA) 3 $465,000 $155,000 $5,667 5.75%
    Statesboro, GA (FHA|USDA|VA) 2 $460,000 $230,000 $7,468 5.25%
    Key West, FL (FHA|USDA|VA) 1 $435,000 $435,000 $26,066 3.50%
    HINESVILLE, GA (FHA|USDA|VA) 1 $435,000 $435,000 $15,596 6.25%
    Union, SC (FHA|USDA|VA) 2 $390,000 $195,000 $5,014 3.49%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $390,000 $195,000 $4,099 4.38%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $375,000 $375,000 $4,144 5.99%
    CLEVELAND, TN (FHA|USDA|VA) 1 $375,000 $375,000 $26,891 5.75%
    Paducah, KY-IL (FHA|USDA|VA) 1 $375,000 $375,000 $5,646 3.88%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $355,000 $355,000 $10,325 5.63%
    ROME, GA (FHA|USDA|VA) 3 $355,000 $118,333 $6,151 5.88%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $355,000 $355,000 $5,823 5.63%
    Dayton, TN (FHA|USDA|VA) 1 $335,000 $335,000 $3,661 5.88%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $315,000 $315,000 $2,425 3.25%
    OCALA, FL (FHA|USDA|VA) 3 $305,000 $101,667 $3,902 3.83%
    Thomaston, GA (FHA|USDA|VA) 1 $305,000 $305,000 $9,636 5.75%
    Palatka, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,981 7.13%
    Richmond-Berea, KY (FHA|USDA|VA) 1 $275,000 $275,000 $4,831 5.50%
    Jasper, AL (FHA|USDA|VA) 1 $265,000 $265,000 $9,651 5.75%
    BECKLEY, WV (FHA|USDA|VA) 1 $255,000 $255,000 $7,258 5.63%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $250,000 $125,000 $5,061 2.75%
    DOVER, DE (FHA|USDA|VA) 1 $245,000 $245,000 $4,369 4.50%
    Cordele, GA (FHA|USDA|VA) 1 $245,000 $245,000 $9,837 5.25%
    Easton, MD (FHA|USDA|VA) 1 $225,000 $225,000 $0 7.50%
    Big Stone Gap, VA (FHA|USDA|VA) 1 $225,000 $225,000 $2,865 4.50%
    Tifton, GA (FHA|USDA|VA) 1 $215,000 $215,000 $10,269 4.38%
    Cornelia, GA (FHA|USDA|VA) 1 $205,000 $205,000 $5,298 5.50%
    Henderson, NC (FHA|USDA|VA) 1 $195,000 $195,000 $9,998 5.75%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $185,000 $185,000 $4,065 5.88%
    Cambridge, MD (FHA|USDA|VA) 1 $175,000 $175,000 $4,145 6.99%
    Laurinburg, NC (FHA|USDA|VA) 1 $175,000 $175,000 $9,110 5.75%
    FLORENCE, SC (FHA|USDA|VA) 1 $165,000 $165,000 $3,811 3.88%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $165,000 $165,000 $10,848 5.99%
    LAREDO, TX (FHA|USDA|VA) 1 $155,000 $155,000 $5,637 4.63%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $145,000 $145,000 $6,751 6.75%
    Americus, GA (FHA|USDA|VA) 2 $130,000 $65,000 $3,299 2.69%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $125,000 $125,000 $4,150 4.75%
    GADSDEN, AL (FHA|USDA|VA) 1 $115,000 $115,000 $4,198 6.99%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $105,000 $105,000 $7,000 7.13%
    London, KY (FHA|USDA|VA) 1 $105,000 $105,000 $5,534 7.50%
    Toccoa, GA (FHA|USDA|VA) 1 $105,000 $105,000 $3,910 3.50%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $75,000 $75,000 $2,821 3.63%
    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)

    • 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.

    BEACH MUNICIPAL FEDERAL CREDIT UNION
    Similarity Rank: 4
    DUPONT COMMUNITY
    Similarity Rank: 33
    Piedmont Federal Savings Bank
    Similarity Rank: 80
    EXCITE Credit Union
    Similarity Rank: 105
    Arthur State Bank
    Similarity Rank: 216
    DRAGAS MORTGAGE COMPANY
    Similarity Rank: 245
    RAILROAD & INDUSTRIAL
    Similarity Rank: 335
    SAN ANTONIO CITIZENS
    Similarity Rank: 340
    Cedar Point Federal Credit Union
    Similarity Rank: 370
    Chesapeake Bank
    Similarity Rank: 428

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 10,597 $3,009,575,000 $284,003 $5,318 4.85%
    FHA 2,710 $640,450,000 $236,328 $10,043 5.13%
    VA 2,158 $757,510,000 $351,024 $10,153 4.83%
    USDA 488 $94,470,000 $193,586 $7,436 4.89%
    HELOC 1 $295,000 $295,000 n/a 4.38%

    For 2022, Atlantic Bay Mortgage Group's most frequently originated type of loan was Conventional, with 10,597 originations. Their 2nd most popular type was FHA, with 2,710 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 14,261 $4,048,965,000 $283,919 $6,964 4.97%
    Cash Out Refi 1,144 $311,240,000 $272,063 $6,268 4.46%
    Refi 544 $141,780,000 $260,625 $5,154 3.94%
    Other 4 $20,000 $5,000 $230 1.50%
    Home Improvement 1 $295,000 $295,000 $0 4.38%

    For 2022, Atlantic Bay Mortgage Group's most frequently cited loan purpose was Home Purchase, with 14,261 originations. The 2nd most popular reason was Cash Out Refi, with 1,144 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 14,767 $4,310,475,000 $291,899 $7,084 5.08%
    15 Year 839 $110,255,000 $131,412 $2,549 2.01%
    20 Year 129 $28,815,000 $223,372 $4,350 3.85%
    30+ year 105 $39,085,000 $372,238 $14,455 5.97%
    10 Year 90 $7,870,000 $87,444 $1,918 2.59%
    Other 23 $5,505,000 $239,348 $6,406 4.31%
    1 Year 1 $295,000 $295,000 $0 4.38%

    For 2022, Atlantic Bay Mortgage Group's most frequently cited loan duration was 30 Year, with 14,767 originations. The 2nd most popular length was 15 Year, with 839 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 4,478 $1,327,720,000 $296,498
    $2k-3k 2,913 $718,215,000 $246,555
    $5k+ 2,652 $1,009,900,000 $380,807
    $3k-4k 2,186 $566,360,000 $259,085
    $<1k 2,130 $441,670,000 $207,357
    $4k-5k 1,478 $424,770,000 $287,395

    Atlantic Bay Mortgage Group's average total fees were $7,084, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,478 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 5,353 $1,519,955,000 $283,945
    3-4% 3,356 $1,023,420,000 $304,952
    4-5% 3,257 $980,145,000 $300,935
    6-7% 2,335 $631,375,000 $270,396
    <2.5% 582 $28,260,000 $48,557
    2.5-3% 528 $182,640,000 $345,909
    7-8% 517 $127,775,000 $247,147
    Over 8% 26 $8,730,000 $335,769

    During 2022, Atlantic Bay Mortgage Group's average interest rate for loans was 5.08%, while their most frequently originated rate bucket for loans was 5-6%, with 5,353 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 7,829 $2,219,395,000 $283,484 $7,445 5.08%
    $100k-200k 3,807 $602,235,000 $158,191 $5,828 5.13%
    $400k-600k 2,170 $1,031,960,000 $475,558 $8,500 4.93%
    $100,000 or less 1,405 $47,825,000 $34,039 $1,670 3.31%
    $600k-1MM 628 $434,700,000 $692,197 $9,539 4.71%
    $1MM+ 115 $166,185,000 $1,445,087 $15,035 4.41%

    2022 saw Atlantic Bay Mortgage Group place emphasis on $200k-400k loans with 7,829 originations, totaling $2,219,395,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 4,429 $912,535,000 $206,036 $6,539 4.83%
    $100k-150k 3,227 $1,080,555,000 $334,848 $7,420 5.07%
    $75k-100k 2,990 $791,710,000 $264,786 $7,293 5.00%
    $50k or less 2,463 $352,175,000 $142,986 $5,238 4.52%
    $150k-250k 2,019 $854,105,000 $423,034 $7,344 5.05%
    $250k+ 826 $511,220,000 $618,910 $8,319 4.95%

    Atlantic Bay Mortgage Group lent most frequently to those with incomes in the $50k-75k range, with 4,429 originations. The second most popular income band? $100k-150k, with 3,227 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 2,707 $754,315,000 $278,653 $6,293 4.82%
    20-30% 2,468 $718,370,000 $291,074 $5,870 4.71%
    50-60% 1,130 $347,560,000 $307,575 $10,558 5.11%
    44% 820 $230,940,000 $281,634 $7,537 5.17%
    40% 777 $202,815,000 $261,023 $6,343 4.81%
    43% 768 $215,220,000 $280,234 $6,653 4.92%
    42% 766 $212,390,000 $277,272 $6,601 4.84%
    41% 731 $186,535,000 $255,178 $6,406 4.89%
    39% 656 $170,590,000 $260,046 $6,473 4.78%
    49% 644 $194,800,000 $302,484 $7,757 5.27%
    38% 632 $164,270,000 $259,921 $6,273 4.85%
    <20% 630 $182,130,000 $289,095 $5,455 4.61%
    37% 610 $162,900,000 $267,049 $6,116 4.77%
    48% 550 $161,380,000 $293,418 $7,422 5.23%
    36% 545 $145,205,000 $266,431 $6,430 4.69%
    46% 492 $144,780,000 $294,268 $7,368 5.08%
    45% 486 $137,520,000 $282,963 $7,305 5.19%
    47% 462 $137,470,000 $297,554 $7,834 5.11%
    >60% 80 $33,110,000 $413,875 $13,772 5.10%

    Atlantic Bay Mortgage Group lent most frequently to those with DTI ratios of 30-36%, with 2,707 originations. The next most common DTI ratio? 20-30%, with 2,468 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 11,492 $3,317,190,000 $288,652 $6,717 4.92%
    Not provided 1,865 $528,005,000 $283,113 $7,190 4.88%
    Black 1,925 $454,555,000 $236,132 $7,205 4.75%
    Asian 386 $118,750,000 $307,642 $7,065 4.98%
    American Indian 143 $36,555,000 $255,629 $7,490 4.73%
    Asian Indian 45 $17,305,000 $384,556 $6,314 5.02%
    Filipino 25 $8,035,000 $321,400 $9,454 5.24%
    Other Asian 26 $7,640,000 $293,846 $7,111 5.41%
    Native Hawaiian or Islander 13 $3,925,000 $301,923 $8,525 5.20%
    Korean 10 $2,590,000 $259,000 $5,222 4.49%
    Vietnamese 7 $2,105,000 $300,714 $7,196 4.68%
    Chinese 5 $2,025,000 $405,000 $6,006 3.88%
    Other Pacific Islander 6 $1,630,000 $271,667 $6,286 4.90%
    Samoan 2 $740,000 $370,000 $11,626 4.75%
    Japanese 2 $730,000 $365,000 $5,668 6.25%
    Native Hawaiian 1 $275,000 $275,000 $7,466 4.50%
    Guamanian 1 $245,000 $245,000 $9,429 7.13%

    Approval Rates

    Total approvals of all applications
    98.38%

    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
    75.10%

    Atlantic Bay Mortgage Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $295,000 $295,000
    2086.41 1 $85,000 $85,000
    2394.38 1 $95,000 $95,000
    2565.44 1 $55,000 $55,000
    3444.66 1 $75,000 $75,000
    3445.0 1 $75,000 $75,000
    3447.0 1 $115,000 $115,000
    3470.0 1 $105,000 $105,000
    3645.0 1 $105,000 $105,000
    3661.83 1 $85,000 $85,000
    3768.75 1 $95,000 $95,000
    3783.13 1 $195,000 $195,000
    3795.0 1 $95,000 $95,000
    4020.65 1 $95,000 $95,000
    4062.58 1 $95,000 $95,000
    4228.13 1 $155,000 $155,000
    4245.0 1 $125,000 $125,000
    4407.0 1 $165,000 $165,000
    4581.0 1 $115,000 $115,000
    4870.0 1 $125,000 $125,000
    4981.4 1 $145,000 $145,000
    5042.34 1 $155,000 $155,000
    5153.55 1 $115,000 $115,000
    5537.63 1 $165,000 $165,000
    5595.0 1 $155,000 $155,000
    5663.91 1 $195,000 $195,000
    5811.0 1 $125,000 $125,000
    5823.72 1 $155,000 $155,000
    6187.0 1 $155,000 $155,000
    6555.0 1 $225,000 $225,000
    6586.15 1 $205,000 $205,000
    6804.36 1 $195,000 $195,000
    7080.0 1 $195,000 $195,000
    7907.11 1 $165,000 $165,000
    8095.0 1 $205,000 $205,000
    9327.0 1 $285,000 $285,000
    NA 15,918 $4,497,110,000 $282,517

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    15,954 $4,502,300,000 $282,205

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 351 $61,325,000 $174,715 $4,523 4.86%
    40-60% 979 $247,405,000 $252,712 $5,206 4.85%
    60-80% 3,382 $1,046,940,000 $309,562 $6,178 5.00%
    80-100% 9,620 $2,880,120,000 $299,389 $7,333 5.12%
    Over 100% 724 $258,060,000 $356,436 $14,847 4.79%
    Under 20% 898 $8,450,000 $9,410 $223 2.30%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Atlantic Union Bankshares, Inc. FHA mortgage Struggling to pay mortgage 1 100.0%