Atlantic Bay Mortgage Group


Since 1996, we’ve been serving our communities with great loan products, customer service, and expertise. We’re a trusted lender and have stayed true to our core values throughout our more than 25 years. We’ll continue to hold our relationships, culture, commitment to the community, and credibility as our highest mission.

Ryan Bruff

Ryan Bruff

Sr. Mortgage Banker

NMLS #907479
Licensed in NC, SC, FL, GA # 907479, VA

  • (910) 599-3427
Aaron Koenig

Aaron Koenig

Mortgage Banker

NMLS #1397086
Licensed in NC, SC, VA

  • (336) 392-1434
Rob Theoharis

Rob Theoharis

Producing Sales Manager

NMLS #5379
Licensed in NC

  • (910) 352-4720

Atlantic Bay Mortgage Group

1015 Ashes Dr, Suite 107, Wilmington, NC 28405



For the majority of homeowners, the purchase of their own represents their biggest investment and their largest loan. Selecting, qualifying, and obtaining the right type of mortgage is one of the most important parts of purchasing your home.

The purpose of this guide is to educate you on mortgage terminology, provide calculators so you can get a rough estimate on how much mortgage you can safely afford, and to allow to to pre-qualify for a mortgage so you can start shopping for a home.


  • Understanding Credit
    We all know that good credit is necessary to qualify but do you know your score and how can you improve your credit?
  • Interest Rates and Terminology
    Rates will vary depending on the day, your credit, and the type of loan you want.
  • Tax Considerations
    Purchasing a home and financing it can have a positive effect on your tax liability.
  • What You Can Afford
    Don’t let your eyes get too big for your wallet. Knowing your price ceiling before you start looking can save you from disappointment and financial trouble.
  • Pre-qualifying & Pre-approval
    Once you determine what you can afford, you need to see how much the banks are willing to lend to you.
  • Locking in a Mortgage Rate
    If the rate looks favorable but you haven’t found the perfect house yet, you can ask to have your rate locked. What does that mean?
  • Appraisals & Market Value
    So you know what you can afford and how much the bank is willing to loan out. Once you pick out a potential home, it is time to determine its value.
  • Private Mortgage Insurance (PMI)
    If you are first time home buyer without a significant down payment, chances are you will need to buy PMI.
  • Bankruptcy and Foreclosure
    Nobody wants to be in foreclosure or bankruptcy but it is important to know the facts and consequences.


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