North Coast Financial Mortgage Rates, Fees & Info

Carlsbad, CA

LEI: 254900I445780YG38U05

Tax ID: 27-0893871

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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 Diego, San Jose, Los Angeles, San Francisco, and Riverside among others. We have data for 12 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 a below average pick rate when compared to similar lenders. North Coast Financial is typically a high 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.

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    Originations

    63

    Origination Dollar Volume (All Markets)

    $17,155,000

    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 DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 20 $5,710,000 $285,500 $7,637 9.30%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $3,890,000 $648,333 $14,556 9.58%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 11 $2,545,000 $231,364 $12,363 9.66%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 9 $2,345,000 $260,556 $6,614 9.18%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $850,000 $141,667 $4,119 9.46%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $440,000 $220,000 $0 9.13%
    Outside of Metro Areas 2 $340,000 $170,000 $4,634 10.50%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $340,000 $170,000 $4,593 9.38%
    MODESTO, CA (FHA|USDA|VA) 2 $270,000 $135,000 $5,361 9.50%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $175,000 $175,000 $7,411 9.50%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $165,000 $165,000 $5,244 9.50%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $85,000 $85,000 $0 11.00%
    North Coast Financial's top markets include San Diego, San Jose, Los Angeles, San Francisco, and Riverside among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 60 $16,340,000 $272,333 $7,266 9.47%
    HELOC 3 $815,000 $271,667 n/a 9.33%

    For 2018, North Coast Financial's most frequently originated type of loan was Conventional, with 60 originations. Their 2nd most popular type was HELOC, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 42 $9,510,000 $226,429 $6,458 9.47%
    Refi 10 $2,400,000 $240,000 $6,988 9.50%
    Home Purchase 9 $4,335,000 $481,667 $19,943 9.22%
    Home Improvement 1 $35,000 $35,000 $3,789 11.00%
    NA 1 $875,000 $875,000 $0 9.25%

    For 2018, North Coast Financial's most frequently cited loan purpose was Cash Out Refi, with 42 originations. The 2nd most popular reason was Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 27 $8,905,000 $329,815 $0 9.37%
    Other 17 $4,715,000 $277,353 $7,332 9.42%
    3 Year 8 $1,450,000 $181,250 $0 9.31%
    30 Year 5 $1,455,000 $291,000 $9,470 9.85%
    5 Year 4 $420,000 $105,000 $4,642 10.06%
    10 Year 1 $175,000 $175,000 $7,411 9.50%
    15 Year 1 $35,000 $35,000 $3,585 9.50%

    For 2018, North Coast Financial's most frequently cited loan duration was 1 Year, with 27 originations. The 2nd most popular length was Other, with 17 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 63 $17,155,000 $272,302

    During 2018, North Coast Financial's average interest rate for loans was 9.85%, while their most frequently originated rate bucket for loans was Over 8%, with 63 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 19 $1,125,000 $59,211 $4,484 10.08%
    $200k-400k 15 $4,035,000 $269,000 $7,091 9.20%
    $100k-200k 14 $1,870,000 $133,571 $6,328 9.24%
    $600k-1MM 7 $5,115,000 $730,714 $17,250 9.39%
    $400k-600k 6 $2,900,000 $483,333 $14,573 8.96%
    $1MM+ 2 $2,110,000 $1,055,000 $0 8.88%

    2018 saw North Coast Financial place emphasis on $100,000 or less loans with 19 originations, totaling $1,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 10 $2,750,000 $275,000 $4,783 9.55%
    $150k-250k 7 $3,025,000 $432,143 $14,121 9.21%
    $50k-75k 7 $745,000 $106,429 $5,055 9.64%
    $75k-100k 7 $705,000 $100,714 $4,854 9.93%
    $250k+ 2 $430,000 $215,000 $0 10.13%
    $50k or less 2 $200,000 $100,000 $4,415 9.50%

    North Coast Financial lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $150k-250k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 4 $240,000 $60,000 $4,662 10.13%
    20-30% 3 $295,000 $98,333 $5,726 9.50%
    30-36% 2 $690,000 $345,000 $14,573 9.13%
    37% 1 $85,000 $85,000 $4,593 9.50%
    40% 1 $165,000 $165,000 $5,244 9.50%
    47% 1 $35,000 $35,000 $3,789 11.00%
    48% 1 $75,000 $75,000 $4,634 11.00%
    50-60% 1 $775,000 $775,000 $19,943 9.50%

    North Coast Financial lent most frequently to those with DTI ratios of <20%, with 4 originations. The next most common DTI ratio? 20-30%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 35 $7,415,000 $211,857 $7,266 9.52%
    Not applicable 21 $7,325,000 $348,810 $0 9.28%
    Not provided 3 $1,135,000 $378,333 $0 9.42%
    Chinese 1 $1,005,000 $1,005,000 $0 8.75%
    Black 2 $230,000 $115,000 $0 10.00%
    Other Pacific Islander 1 $45,000 $45,000 $0 11.00%

    Approval Rates

    Total approvals of all applications
    93.42%

    North Coast Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.30%

    North Coast Financial has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 63 $17,155,000 $272,302

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 63 $17,155,000 $272,302

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $2,485,000 $225,909 $6,221 9.11%
    40-60% 9 $2,825,000 $313,889 $6,132 9.28%
    60-80% 20 $9,650,000 $482,500 $16,357 9.16%
    Under 20% 23 $2,195,000 $95,435 $4,544 9.96%