Atlantic Pacific Mortgage Rates, Fees & Info

MT. LAUREL, NJ

LEI: 549300TB6J826GO8CS96

Tax ID: 22-3753355

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

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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 Pacific Mortgage is a smaller mortgage company specializing in Home Purchase loans. Atlantic Pacific Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, Atlantic City, New York, and Vineland among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Atlantic Pacific Mortgage 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 Pacific Mortgage 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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    Originations

    43

    Origination Dollar Volume (All Markets)

    $9,835,000

    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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 31 $7,145,000 $230,484 $5,184 4.52%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 9 $1,805,000 $200,556 $5,920 4.64%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $730,000 $365,000 $11,635 4.50%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $155,000 $155,000 $6,371 3.75%
    Atlantic Pacific Mortgage's top markets include Philadelphia, Atlantic City, New York, and Vineland among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

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

    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 122
    Prudential Bank
    Similarity Rank: 162
    CREDIT UNION OF NEW JERSEY
    Similarity Rank: 180
    Columbia Bank
    Similarity Rank: 440
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 528
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 678
    Hamilton National Mortgage Company
    Similarity Rank: 774
    County Savings Bank
    Similarity Rank: 780
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 1026
    PINNACLE MORTGAGE, INC.
    Similarity Rank: 1176

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 25 $6,055,000 $242,200 $4,507 4.59%
    FHA 16 $3,360,000 $210,000 $7,468 4.44%
    VA 1 $245,000 $245,000 $5,685 3.88%
    USDA 1 $175,000 $175,000 $5,785 5.13%

    For 2019, Atlantic Pacific Mortgage's most frequently originated type of loan was Conventional, with 25 originations. Their 2nd most popular type was FHA, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 28 $6,830,000 $243,929 $6,539 4.63%
    Refi 8 $1,740,000 $217,500 $3,934 3.95%
    Cash Out Refi 7 $1,265,000 $180,714 $4,151 4.77%

    For 2019, Atlantic Pacific Mortgage's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 38 $8,670,000 $228,158 $5,886 4.68%
    15 Year 5 $1,165,000 $233,000 $3,992 3.35%

    For 2019, Atlantic Pacific Mortgage's most frequently cited loan duration was 30 Year, with 38 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 29 $6,575,000 $226,724
    $<1k 9 $2,085,000 $231,667
    $2k-3k 2 $570,000 $285,000
    $3k-4k 1 $145,000 $145,000
    $4k-5k 1 $145,000 $145,000
    $5k+ 1 $315,000 $315,000

    Atlantic Pacific Mortgage's average total fees were $5,886, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 29 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 20 $4,200,000 $210,000
    3-4% 13 $2,895,000 $222,692
    5-6% 8 $2,280,000 $285,000
    6-7% 1 $315,000 $315,000
    7-8% 1 $145,000 $145,000

    During 2019, Atlantic Pacific Mortgage's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 4-5%, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 21 $3,355,000 $159,762 $5,244 4.65%
    $200k-400k 19 $5,225,000 $275,000 $6,289 4.30%
    $100,000 or less 2 $170,000 $85,000 $3,521 5.13%
    $1MM+ 1 $1,085,000 $1,085,000 $6,974 5.13%

    2019 saw Atlantic Pacific Mortgage place emphasis on $100k-200k loans with 21 originations, totaling $3,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 18 $3,430,000 $190,556 $5,348 4.54%
    $50k-75k 14 $2,720,000 $194,286 $5,921 4.57%
    $100k-150k 4 $870,000 $217,500 $7,330 4.25%
    $250k+ 4 $1,980,000 $495,000 $5,721 4.53%
    $150k-250k 2 $750,000 $375,000 $4,434 4.44%
    $50k or less 1 $85,000 $85,000 $3,397 4.88%

    Atlantic Pacific Mortgage lent most frequently to those with incomes in the $75k-100k range, with 18 originations. The second most popular income band? $50k-75k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    38% 6 $860,000 $143,333 $3,958 4.85%
    49% 5 $945,000 $189,000 $6,968 4.53%
    36% 5 $1,465,000 $293,000 $6,309 4.18%
    20-30% 4 $1,010,000 $252,500 $4,731 3.97%
    30-36% 4 $600,000 $150,000 $4,838 4.81%
    50-60% 3 $545,000 $181,667 $6,603 4.67%
    41% 2 $430,000 $215,000 $4,977 4.13%
    <20% 2 $540,000 $270,000 $5,970 4.81%
    44% 2 $390,000 $195,000 $5,893 4.56%
    45% 2 $450,000 $225,000 $7,791 4.63%
    47% 2 $410,000 $205,000 $7,549 4.44%
    39% 1 $185,000 $185,000 $6,982 5.13%
    46% 1 $245,000 $245,000 $5,685 3.88%
    40% 1 $1,085,000 $1,085,000 $6,974 5.13%
    37% 1 $195,000 $195,000 $2,246 4.50%
    43% 1 $265,000 $265,000 $3,077 4.50%
    48% 1 $215,000 $215,000 $6,085 4.63%

    Atlantic Pacific Mortgage lent most frequently to those with DTI ratios of 38%, with 6 originations. The next most common DTI ratio? 49%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 33 $7,635,000 $231,364 $5,072 4.45%
    Black 9 $1,805,000 $200,556 $7,190 4.78%
    Not provided 1 $395,000 $395,000 $11,531 4.75%

    Approval Rates

    Total approvals of all applications
    96.77%

    Atlantic Pacific Mortgage 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
    60.47%

    Atlantic Pacific Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 43 $9,835,000 $228,721

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 43 $9,835,000 $228,721

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 6 $790,000 $131,667 $3,524 4.21%
    60-80% 9 $2,045,000 $227,222 $4,609 4.96%
    80-100% 28 $7,000,000 $250,000 $6,464 4.46%

    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%