Atlantic Union Bank Mortgage Rates, Fees & Info

Richmond, VA

LEI: 549300ZTT08EKQRVTR15

Tax ID: 80-0463989

2.9 stars - Updated: 4/18/24 - out of 5 stars, based on 55 reviews

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

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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.

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
Home Equity Line of Credit (HELOC) 6.27% 4/18/24
30 Year Conventional Purchase 6.85% 4/18/24
30 Year Conventional Refi 6.66% 4/18/24
30 Year Cash-out Refi 6.89% 4/18/24
30 Year FHA Purchase 7.63% 4/18/24
30 Year FHA Refi 6.91% 4/18/24
30 Year VA Purchase 6.45% 4/18/24
30 Year USDA Purchase 7.05% 4/18/24
15 Year Conventional Purchase 6.34% 4/18/24
15 Year Conventional Refi 6.24% 4/18/24
15 Year Cash-out Refi 6.24% 4/18/24
15 Year FHA Refi 5.68% 4/18/24
15 Year VA Purchase 6.98% 4/18/24
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






Your Estimates

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

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

3,036

Origination Dollar Volume (All Markets)

$604,630,000

Awards

Atlantic Union Bank USDA Loans gold Atlantic Union Bank FHA Loans gold Atlantic Union Bank 30 Year Conventional Loans silver
Show all (3) awards

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%
Atlantic Union Bank's top markets include Washington, Richmond, Virginia Beach, Roanoke, and Bluefield among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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.

    DUPONT COMMUNITY
    Similarity Rank: 33
    CENTRAL VIRGINIA
    Similarity Rank: 40
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 42
    ACNB Bank
    Similarity Rank: 48
    ABNB Federal Credit Union
    Similarity Rank: 65
    JOHNSON MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 108
    First Farmers and Merchants Bank
    Similarity Rank: 130
    PATRIOT
    Similarity Rank: 195

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,832 $272,840,000 $148,930 n/a 8.57%
    Conventional 942 $274,500,000 $291,401 $4,445 7.05%
    FHA 156 $34,680,000 $222,308 $9,579 6.69%
    USDA 73 $10,495,000 $143,767 $5,964 6.70%
    VA 33 $12,115,000 $367,121 $7,576 6.34%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 1,062 $146,540,000 $137,985 $314 8.55%
    Home Purchase 850 $278,300,000 $327,412 $6,686 6.78%
    Home Improvement 556 $70,280,000 $126,403 $348 8.53%
    Refi 497 $89,775,000 $180,634 $2,763 8.10%
    Cash Out Refi 71 $19,735,000 $277,958 $5,982 6.80%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,638 $511,480,000 $193,889 $6,583 8.00%
    20 Year 125 $12,235,000 $97,880 $381 7.85%
    5 Year 93 $26,295,000 $282,742 $360 7.08%
    30+ year 56 $36,310,000 $648,393 $8,835 6.95%
    10 Year 53 $5,035,000 $95,000 $347 7.62%
    Other 42 $10,010,000 $238,333 $178 7.96%
    15 Year 28 $3,150,000 $112,500 $1,379 7.33%
    1 Year 1 $115,000 $115,000 $0 6.75%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 317 $113,565,000 $358,249
    $<1k 239 $21,655,000 $90,607
    $2k-3k 173 $40,005,000 $231,243
    $3k-4k 131 $30,005,000 $229,046
    $5k+ 116 $56,920,000 $490,690
    $4k-5k 72 $21,130,000 $293,472

    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

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,301 $160,495,000 $123,363
    7-8% 996 $210,730,000 $211,576
    6-7% 613 $177,575,000 $289,682
    5-6% 125 $55,425,000 $443,400
    4-5% 1 $405,000 $405,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,139 $64,885,000 $56,967 $1,454 8.55%
    $100k-200k 916 $130,070,000 $141,998 $5,026 7.80%
    $200k-400k 642 $179,200,000 $279,128 $6,884 7.45%
    $400k-600k 199 $89,215,000 $448,317 $8,135 7.47%
    $600k-1MM 96 $72,670,000 $756,979 $8,630 6.79%
    $1MM+ 44 $68,590,000 $1,558,864 $12,290 6.51%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 595 $70,765,000 $118,933 $4,655 7.92%
    $100k-150k 582 $105,470,000 $181,220 $5,998 8.02%
    $75k-100k 483 $70,685,000 $146,346 $5,388 8.07%
    $50k or less 449 $36,875,000 $82,127 $3,616 8.04%
    $150k-250k 437 $111,665,000 $255,526 $6,562 7.98%
    $250k+ 314 $160,730,000 $511,879 $8,229 7.61%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 505 $99,365,000 $196,762 $4,338 7.92%
    30-36% 455 $86,825,000 $190,824 $5,203 7.86%
    49% 396 $69,640,000 $175,859 $6,390 8.21%
    44% 207 $34,645,000 $167,367 $6,064 8.13%
    <20% 193 $44,155,000 $228,782 $4,486 7.80%
    42% 140 $25,800,000 $184,286 $5,312 8.42%
    39% 110 $19,360,000 $176,000 $4,735 8.06%
    40% 108 $22,600,000 $209,259 $5,883 7.83%
    43% 103 $18,885,000 $183,350 $6,100 7.84%
    36% 100 $20,480,000 $204,800 $7,838 7.78%
    37% 100 $22,650,000 $226,500 $6,125 7.90%
    38% 99 $20,265,000 $204,697 $6,176 7.80%
    41% 97 $19,575,000 $201,804 $4,610 8.08%
    48% 77 $15,715,000 $204,091 $8,331 7.88%
    47% 64 $11,940,000 $186,563 $6,086 7.80%
    46% 56 $12,020,000 $214,643 $6,452 7.83%
    45% 55 $11,565,000 $210,273 $6,280 7.77%
    50-60% 32 $6,810,000 $212,813 $6,975 7.77%
    >60% 19 $3,505,000 $184,474 $462 7.60%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,470 $459,720,000 $186,121 $5,254 7.98%
    Not provided 168 $45,480,000 $270,714 $6,502 7.70%
    Not applicable 108 $37,610,000 $348,241 $0 7.22%
    Black 189 $30,095,000 $159,233 $5,021 8.00%
    Asian 74 $26,680,000 $360,541 $9,210 7.82%
    American Indian 16 $2,950,000 $184,375 $6,072 7.88%
    Native Hawaiian or Islander 6 $1,010,000 $168,333 $6,739 8.04%
    Asian Indian 2 $710,000 $355,000 $0 8.13%
    Other Asian 3 $375,000 $125,000 $0 8.66%

    Approval Rates

    Total approvals of all applications
    75.02%

    Atlantic Union Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.11%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,036 $604,630,000 $199,153

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 857 $123,465,000 $144,067 $2,056 8.32%
    40-60% 328 $86,610,000 $264,055 $5,413 7.82%
    60-80% 417 $152,315,000 $365,264 $6,012 7.34%
    80-100% 597 $184,085,000 $308,350 $7,106 6.82%
    Over 100% 6 $1,600,000 $266,667 $10,435 6.44%
    Under 20% 831 $56,555,000 $68,057 $402 8.69%