Atlantic Union Bank Mortgage Rates, Fees & Info
Richmond, VALEI: 549300ZTT08EKQRVTR15
Tax ID: 80-0463989
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Mortgage Data
Review & Overview
Atlantic Union Bank is a smaller bank specializing in Other and Home Purchase loans. Atlantic Union Bank 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: Washington, Richmond, Virginia Beach, Roanoke, and Bluefield among others. We have data for 70 markets. (Some data included below & more in-depth data is available with an active subscription.)Atlantic Union Bank 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. Atlantic Union Bank 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 relatively high 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 10/29/24 |
| 30 Year Conventional Purchase | 6.85% | 10/29/24 |
| 30 Year Conventional Refi | 6.66% | 10/29/24 |
| 30 Year Cash-out Refi | 6.89% | 10/29/24 |
| 30 Year FHA Purchase | 7.63% | 10/29/24 |
| 30 Year FHA Refi | 6.91% | 10/29/24 |
| 30 Year VA Purchase | 6.45% | 10/29/24 |
| 30 Year USDA Purchase | 7.05% | 10/29/24 |
| 15 Year Conventional Purchase | 6.34% | 10/29/24 |
| 15 Year Conventional Refi | 6.24% | 10/29/24 |
| 15 Year Cash-out Refi | 6.24% | 10/29/24 |
| 15 Year FHA Refi | 5.68% | 10/29/24 |
| 15 Year VA Purchase | 6.98% | 10/29/24 |
| 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 Union Bank Mortgage Calculator
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This is not an official calculator from Atlantic Union Bank. 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
3,036Origination Dollar Volume (All Markets)
$604,630,000Awards
Atlantic Union Bank - 2023
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For 2023, less than of lenders were eligible for this award.
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Relative Rate
Atlantic Union Bank's average 30 year fixed mortgage rate was
8%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.52%.
Relative Fees (Closing Costs)
Atlantic Union Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,583.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 531 | $148,545,000 | $279,746 | $6,953 | 7.92% |
| RICHMOND, VA (FHA|USDA|VA) | 634 | $107,430,000 | $169,448 | $3,417 | 8.25% |
| Outside of Metro Areas | 471 | $69,195,000 | $146,911 | $4,681 | 8.06% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 243 | $63,385,000 | $260,844 | $5,327 | 7.97% |
| ROANOKE, VA (FHA|USDA|VA) | 202 | $35,100,000 | $173,762 | $5,470 | 7.76% |
| Bluefield, WV-VA (FHA|USDA|VA) | 182 | $28,120,000 | $154,505 | $6,261 | 6.77% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 106 | $23,180,000 | $218,679 | $5,339 | 8.04% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 161 | $21,095,000 | $131,025 | $4,156 | 8.05% |
| STAUNTON, VA (FHA|USDA|VA) | 134 | $15,560,000 | $116,119 | $2,538 | 8.46% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 32 | $11,640,000 | $363,750 | $5,560 | 7.70% |
| LYNCHBURG, VA (FHA|USDA|VA) | 96 | $10,920,000 | $113,750 | $3,917 | 8.18% |
| HARRISONBURG, VA (FHA|USDA|VA) | 65 | $10,165,000 | $156,385 | $3,118 | 8.21% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $6,330,000 | $3,165,000 | $8,303 | 7.19% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 15 | $5,315,000 | $354,333 | $4,091 | 6.75% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 17 | $3,805,000 | $223,824 | $6,969 | 7.16% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $3,565,000 | $713,000 | $7,787 | 6.33% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 11 | $2,885,000 | $262,273 | $7,415 | 7.03% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $2,715,000 | $387,857 | $4,731 | 6.36% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $2,550,000 | $425,000 | $9,004 | 6.94% |
| Elizabeth City, NC (FHA|USDA|VA) | 20 | $2,490,000 | $124,500 | $5,791 | 8.61% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $2,090,000 | $1,045,000 | $3,911 | 6.29% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $1,930,000 | $321,667 | $6,400 | 7.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $1,825,000 | $608,333 | $7,234 | 7.01% |
| BECKLEY, WV (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $8,837 | 7.13% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 6 | $1,390,000 | $231,667 | $6,113 | 6.50% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $14,411 | 7.82% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $1,285,000 | $1,285,000 | $7,306 | 5.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $5,125 | 6.83% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $14,391 | 6.25% |
| Calhoun, GA (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $6,933 | 6.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $6,180 | 6.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 6 | $850,000 | $141,667 | $3,800 | 7.36% |
| Danville, VA (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $5,006 | 6.75% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $4,806 | 6.81% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $4,214 | 7.12% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $8,323 | 6.81% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $4,027 | 7.13% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $4,882 | 7.99% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $18,558 | 5.63% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 6.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $11,408 | 6.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $7,218 | 6.50% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $11,840 | 7.13% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $21,697 | 6.13% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $12,947 | 6.88% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,538 | 7.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $10,644 | 6.13% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $15,188 | 6.25% |
| Big Stone Gap, VA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,972 | 6.81% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,167 | 6.50% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 6 | $390,000 | $65,000 | $156 | 9.10% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,728 | 7.50% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,519 | 7.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,134 | 6.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,348 | 6.63% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,941 | 8.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,492 | 6.00% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,288 | 7.13% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,626 | 7.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,689 | 6.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 7.13% |
| Vincennes, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,605 | 7.13% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,755 | 6.75% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,298 | 7.00% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,599 | 6.88% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,281 | 6.88% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,850 | 6.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,233 | 7.38% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,146 | 5.75% |
| Clarksburg, WV (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $4,521 | 7.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Atlantic Union Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Atlantic Union Bank's most frequently originated type of loan was HELOC, with 1,832 originations. Their 2nd most popular type was Conventional, with 942 originations.
Loan Reason
For 2023, Atlantic Union Bank's most frequently cited loan purpose was Other, with 1,062 originations. The 2nd most popular reason was Home Purchase, with 850 originations.
Loan Duration/Length
For 2023, Atlantic Union Bank's most frequently cited loan duration was 30 Year, with 2,638 originations. The 2nd most popular length was 20 Year, with 125 originations.
Origination Fees/Closing Costs
Atlantic Union Bank's average total fees were $6,583, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 317 originations.
Interest Rates
During 2023, Atlantic Union Bank's average interest rate for loans was 8.00%, while their most frequently originated rate bucket for loans was Over 8%, with 1,301 originations.
Loan Sizing
2023 saw Atlantic Union Bank place emphasis on $100,000 or less loans with 1,139 originations, totaling $64,885,000 in origination value.
Applicant Income
Atlantic Union Bank lent most frequently to those with incomes in the $50k-75k range, with 595 originations. The second most popular income band? $100k-150k, with 582 originations.
Applicant Debt to Income Ratio
Atlantic Union Bank lent most frequently to those with DTI ratios of 20-30%, with 505 originations. The next most common DTI ratio? 30-36%, with 455 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.02%
Atlantic Union Bank has a below average approval rate.
Pick Rate
Approvals leading to origination85.11%
Atlantic Union Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,036 | $604,630,000 | $199,153 |