North Coast Financial Mortgage Rates, Fees & Info
Carlsbad, CALEI: 254900I445780YG38U05
Tax ID: 27-0893871
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Mortgage Data
Review & Overview
North Coast Financial is a smaller mortgage company specializing in Refi loans. North Coast Financial has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, San Diego, Sacramento, and Riverside among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)North Coast Financial has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
68Origination Dollar Volume (All Markets)
$24,780,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 23 | $10,425,000 | $453,261 | $32,197 | 10.31% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 10 | $3,430,000 | $343,000 | $0 | 10.51% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 12 | $3,070,000 | $255,833 | $0 | 10.05% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,795,000 | $598,333 | $0 | 10.13% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $0 | 10.75% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $0 | 9.95% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $0 | 10.35% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $0 | 10.15% |
| NAPA, CA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 9.75% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 10.25% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 10.73% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 9.95% |
| MERCED, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 9.95% |
| Outside of Metro Areas | 1 | $135,000 | $135,000 | $0 | 9.95% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.50% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 68 | $24,780,000 | $364,412 | $32,197 | 10.29% |
For 2023, North Coast Financial's most frequently originated type of loan was Conventional, with 68 originations.
Loan Reason
For 2023, North Coast Financial's most frequently cited loan purpose was Refi, with 55 originations. The 2nd most popular reason was NA, with 8 originations.
Loan Duration/Length
For 2023, North Coast Financial's most frequently cited loan duration was 1 Year, with 50 originations. The 2nd most popular length was Other, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 67 | $23,925,000 | $357,090 |
| 7-8% | 1 | $855,000 | $855,000 |
During 2023, North Coast Financial's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 67 originations.
Loan Sizing
2023 saw North Coast Financial place emphasis on $200k-400k loans with 20 originations, totaling $5,430,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 3 | $975,000 | $325,000 | $32,197 | 9.98% |
North Coast Financial lent most frequently to those with incomes in the $50k or less range, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 2 | $140,000 | $70,000 | $0 | 10.85% |
| 40% | 1 | $855,000 | $855,000 | $32,197 | 8.00% |
| 41% | 1 | $45,000 | $45,000 | $0 | 10.00% |
North Coast Financial lent most frequently to those with DTI ratios of <20%, with 2 originations. The next most common DTI ratio? 40%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.63%
North Coast Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.12%
North Coast Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4905.0 | 1 | $45,000 | $45,000 |
| NA | 67 | $24,735,000 | $369,179 |