Atlantis Mortgage Co. Rates, Fees & Info

WEST LONG BRANCH, NJ

LEI: 549300YDTDBXLK67CF48

Tax ID: 22-2745048

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

    Atlantis Mortgage Co. is a smaller mortgage company specializing in Home Purchase and Refi loans. Atlantis Mortgage Co. has a high proportion of conventional loans. They have an average proportion of FHA 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: New York, Trenton, Philadelphia, Atlantic City, and Ocean City among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Atlantis Mortgage Co. has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Atlantis Mortgage Co. 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 7.26% 12/3/24
    30 Year Conventional Refi 7.03% 12/3/24
    30 Year FHA Purchase 8.63% 12/3/24
    30 Year FHA Refi 7.53% 12/3/24
    30 Year VA Purchase 6.35% 12/3/24
    15 Year Conventional Refi 6.02% 12/3/24
    15 Year Cash-out Refi 6.02% 12/3/24
    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.

    Atlantis Mortgage Co. Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Atlantis Mortgage Co.. 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

    124

    Origination Dollar Volume (All Markets)

    $36,160,000

    Awards

    ATLANTIS MORTGAGE CO. 30 Year Conventional Loans silver ATLANTIS MORTGAGE CO. FHA Loans bronze
    Show all (2) 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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 115 $33,905,000 $294,826 $5,964 4.70%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $775,000 $258,333 $4,284 4.91%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $635,000 $211,667 $4,801 4.63%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $540,000 $270,000 $7,770 4.63%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $305,000 $305,000 $4,055 4.99%
    Atlantis Mortgage Co.'s top markets include New York, Trenton, Philadelphia, Atlantic City, and Ocean City among others.

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

    • Similar Lenders

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

    N C P D Federal Credit Union
    Similarity Rank: 55
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Atlantic Pacific Mortgage
    Similarity Rank: 112
    The Atlantic Federal Credit Union
    Similarity Rank: 120
    Freehold Savings Bank
    Similarity Rank: 120
    Blue Foundry Bank
    Similarity Rank: 125
    Investors Home Mortgage-IHM
    Similarity Rank: 156
    GREATER ALLIANCE
    Similarity Rank: 231

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 89 $25,205,000 $283,202 $4,524 4.74%
    FHA 32 $9,970,000 $311,563 $9,731 4.63%
    VA 2 $680,000 $340,000 $5,464 4.50%
    FHA 1 $305,000 $305,000 $0 4.50%

    For 2018, Atlantis Mortgage Co.'s most frequently originated type of loan was Conventional, with 89 originations. Their 2nd most popular type was FHA, with 32 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 95 $27,485,000 $289,316 $6,191 4.68%
    Refi 27 $8,205,000 $303,889 $5,048 4.84%
    Cash Out Refi 2 $470,000 $235,000 $3,372 4.00%

    For 2018, Atlantis Mortgage Co.'s most frequently cited loan purpose was Home Purchase, with 95 originations. The 2nd most popular reason was Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 113 $32,775,000 $290,044 $5,956 4.76%
    15 Year 7 $2,225,000 $317,857 $6,332 3.82%
    20 Year 2 $650,000 $325,000 $3,455 4.75%
    Other 2 $510,000 $255,000 $3,309 4.56%

    For 2018, Atlantis Mortgage Co.'s most frequently cited loan duration was 30 Year, with 113 originations. The 2nd most popular length was 15 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 108 $31,680,000 $293,333
    $5k+ 7 $1,985,000 $283,571
    $4k-5k 3 $705,000 $235,000
    $1k-2k 2 $520,000 $260,000
    $2k-3k 2 $700,000 $350,000
    $3k-4k 1 $265,000 $265,000

    Atlantis Mortgage Co.'s average total fees were $5,956, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 108 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 85 $25,765,000 $303,118
    5-6% 26 $6,610,000 $254,231
    3-4% 13 $3,785,000 $291,154

    During 2018, Atlantis Mortgage Co.'s average interest rate for loans was 4.76%, while their most frequently originated rate bucket for loans was 4-5%, with 85 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 79 $21,865,000 $276,772 $5,550 4.67%
    $400k-600k 21 $10,005,000 $476,429 $9,132 4.67%
    $100k-200k 19 $2,745,000 $144,474 $4,138 4.84%
    $100,000 or less 3 $255,000 $85,000 $3,732 5.00%
    $600k-1MM 2 $1,290,000 $645,000 $5,229 4.69%

    2018 saw Atlantis Mortgage Co. place emphasis on $200k-400k loans with 79 originations, totaling $21,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 42 $13,770,000 $327,857 $6,410 4.78%
    $50k-75k 28 $5,650,000 $201,786 $5,059 4.66%
    $150k-250k 20 $7,490,000 $374,500 $6,057 4.77%
    $75k-100k 19 $4,995,000 $262,895 $6,531 4.66%
    $250k+ 10 $3,500,000 $350,000 $5,378 4.32%
    $50k or less 5 $755,000 $151,000 $4,321 5.00%

    Atlantis Mortgage Co. lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $50k-75k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 25 $5,905,000 $236,200 $4,648 4.86%
    20-30% 19 $5,865,000 $308,684 $5,839 4.54%
    50-60% 13 $3,605,000 $277,308 $8,189 4.52%
    <20% 8 $2,440,000 $305,000 $4,717 4.58%
    43% 8 $2,850,000 $356,250 $7,583 4.67%
    39% 7 $2,055,000 $293,571 $5,094 4.80%
    48% 5 $1,205,000 $241,000 $6,939 4.85%
    47% 5 $1,405,000 $281,000 $5,816 4.63%
    44% 4 $1,400,000 $350,000 $7,492 5.09%
    45% 4 $1,510,000 $377,500 $7,815 4.78%
    37% 4 $1,280,000 $320,000 $4,427 4.69%
    41% 4 $1,330,000 $332,500 $4,191 4.59%
    36% 4 $1,300,000 $325,000 $5,708 4.41%
    46% 3 $935,000 $311,667 $6,664 4.71%
    42% 3 $825,000 $275,000 $3,595 5.00%
    40% 3 $805,000 $268,333 $5,917 5.08%
    38% 3 $625,000 $208,333 $4,472 4.62%
    49% 2 $820,000 $410,000 $10,328 4.81%

    Atlantis Mortgage Co. lent most frequently to those with DTI ratios of 30-36%, with 25 originations. The next most common DTI ratio? 20-30%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 110 $31,760,000 $288,727 $5,753 4.71%
    Black 7 $2,365,000 $337,857 $10,054 4.55%
    Asian 7 $2,035,000 $290,714 $3,926 4.80%

    Approval Rates

    Total approvals of all applications
    85.00%

    Atlantis Mortgage Co. has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    66.13%

    Atlantis Mortgage Co. 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 124 $36,160,000 $291,613

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 124 $36,160,000 $291,613

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $580,000 $145,000 $3,584 4.94%
    40-60% 13 $3,615,000 $278,077 $4,306 4.41%
    60-80% 44 $12,340,000 $280,455 $4,908 4.77%
    80-100% 62 $19,500,000 $314,516 $7,139 4.71%
    Under 20% 1 $125,000 $125,000 $3,235 4.75%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ATLANTIC PACIFIC MORTGAGE CORP FHA mortgage Trouble during payment process 1 50.0%
    ATLANTIC PACIFIC MORTGAGE CORP Conventional home mortgage Trouble during payment process 1 50.0%