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Advance Financial Group

Independent Mortgage Company•Suffolk, VAHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Advance Financial Group — 479 loans across 602 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Exceptional
5/5
Regional · 1 mkts
Safe Rate Awards
FHA Superstar
FHA
Superstar
VA Superstar
VA
Superstar

Safe Rate Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in FHA and VA and Jumbo loans

Things to Think About

  • Pricing may be below industry average
  • Higher than average fees ($4,243)

Explore another lender or local market

Report Card

Advance Financial Group performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+9.6 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% of lenders
Jumbo
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Acceptable
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Regional · 2 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Sound
Pricing
Acceptable
Pull Through
Sound
Volume200
Mix41.8%
Spread
+0.222%Above
Fees
$4,247Fees
FHA Loans
Overall
Strong
Product
Strong
Pricing
Acceptable
Pull Through
Strong
Volume88
Mix18.4%
Spread
+0.383%Above
Fees
$3,882Fees
VA Loans
Overall
Sound
Product
Strong
Pricing
Acceptable
Pull Through
Exceptional
Volume167
Mix34.9%
Spread
-0.336%Below
Fees
$4,105Fees
Jumbo Loans
Overall
Strong
Product
Strong
Pricing—
Pull Through
Strong
Volume20
Mix4.2%
Spread
+0.434%Above
Fees
$7,447Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Strong
Pricing
Acceptable
Pull Through
Strong
Volume464
Mix96.9%
Spread
+0.102%Above
Fees
$4,200Fees
Refinance
Overall
Acceptable
Product
Acceptable
Pricing—
Pull Through
Acceptable
Volume15
Mix3.1%
Spread
-0.052%Below
Fees
$5,186Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
479
Applications
602
Volume
$195 million
Pricing & Closing
Avg Rate Spread
+0.096%
vs. market APOR
Avg Net Fees
$4,243
Origination − Credits
Pullthrough Rate
79.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$408,549
Avg Borrower Income
$156,044
Avg Property Value
$487,359

Geographic Coverage

Geographic Performance

Metro Areas
1
markets with activity
States Served
4
of 50 states + DC
Avg Place Specialization
Exceptional
5/5

States with Loan Originations

4
4 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast1
PA
South3
FLNCVA

Top Metro Areas by Place Specialization Score

1© Greyfiveys · CC BY-SA 4.0
Virginia Beach, VA-NCMetro
Volume 442Mix 92.28% of portfolio
90/100
Exceptional

Top States by Place Specialization Score

Virginia
Virginia
1
VirginiaState
Volume 432Mix 90.19% of portfolio
84/100
Exceptional
North Carolina
North Carolina
2
North CarolinaState
Volume 43Mix 8.98% of portfolio
53/100
Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.