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 Cash Out Refi and Home Purchase loans. North Coast Financial has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Los Angeles, San Diego, Sacramento, and San Jose 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 typically have relatively high rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/5/25 |
| 30 Year Conventional Purchase | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 6.72% | 4/5/25 |
| 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. | ||
North Coast Financial Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
82Origination Dollar Volume (All Markets)
$40,220,000Relative Rate
North Coast Financial's average 30 year fixed mortgage rate was
10.85%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 4.3%.
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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 19 | $13,865,000 | $729,737 | $0 | 11.04% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 23 | $8,015,000 | $348,478 | $0 | 11.06% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 10 | $5,270,000 | $527,000 | $0 | 10.83% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 7 | $3,675,000 | $525,000 | $0 | 10.79% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $2,760,000 | $1,380,000 | $0 | 10.90% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 5 | $2,165,000 | $433,000 | $0 | 11.16% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,280,000 | $640,000 | $0 | 10.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $745,000 | $149,000 | $0 | 10.68% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 10.95% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 10.95% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 10.90% |
| NAPA, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 10.50% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 10.75% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.50% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.95% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 81 | $40,025,000 | $494,136 | $0 | 10.93% |
| HELOC | 1 | $195,000 | $195,000 | n/a | 10.95% |
For 2024, North Coast Financial's most frequently originated type of loan was Conventional, with 81 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 62 | $27,960,000 | $450,968 | $0 | 10.98% |
| Home Purchase | 20 | $12,260,000 | $613,000 | $0 | 10.79% |
For 2024, North Coast Financial's most frequently cited loan purpose was Cash Out Refi, with 62 originations. The 2nd most popular reason was Home Purchase, with 20 originations.
Loan Duration/Length
For 2024, North Coast Financial's most frequently cited loan duration was 1 Year, with 56 originations. The 2nd most popular length was Other, with 21 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 82 | $40,220,000 | $490,488 |
During 2024, North Coast Financial's average interest rate for loans was 10.85%, while their most frequently originated rate bucket for loans was Over 8%, with 82 originations.
Loan Sizing
2024 saw North Coast Financial place emphasis on $200k-400k loans with 20 originations, totaling $6,130,000 in origination value.
Applicant Income
North Coast Financial lent most frequently to those with incomes in the $250k+ range, with 7 originations. The second most popular income band? $50k or less, with 7 originations.
Applicant Debt to Income Ratio
North Coast Financial lent most frequently to those with DTI ratios of 30-36%, with 2 originations. The next most common DTI ratio? 20-30%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.35%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 11375.0 | 1 | $655,000 | $655,000 |
| 11987.0 | 1 | $685,000 | $685,000 |
| 13350.0 | 2 | $1,650,000 | $825,000 |
| 18000.0 | 1 | $1,205,000 | $1,205,000 |
| 18375.0 | 1 | $1,055,000 | $1,055,000 |
| 26250.0 | 2 | $3,510,000 | $1,755,000 |
| 27000.0 | 1 | $1,805,000 | $1,805,000 |
| 3250.0 | 1 | $45,000 | $45,000 |
| 3750.0 | 1 | $105,000 | $105,000 |
| 3800.0 | 1 | $185,000 | $185,000 |
| 5500.0 | 1 | $275,000 | $275,000 |
| 8750.0 | 1 | $505,000 | $505,000 |
| 8800.0 | 1 | $455,000 | $455,000 |
| NA | 67 | $28,085,000 | $419,179 |