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
  • Complaints
  • 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 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, Oxnard, and Riverside among others. We have data for 9 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

    56

    Origination Dollar Volume (All Markets)

    $15,830,000

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 19 $7,365,000 $387,632 $9,243 9.88%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 11 $2,165,000 $196,818 $8,201 10.28%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $1,755,000 $250,714 $7,160 9.32%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $1,405,000 $468,333 $0 9.17%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $1,365,000 $195,000 $5,636 9.54%
    SALINAS, CA (FHA|USDA|VA) 1 $755,000 $755,000 $0 8.75%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $475,000 $158,333 $0 9.23%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $295,000 $295,000 $0 10.00%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $250,000 $62,500 $0 10.36%
    North Coast Financial's top markets include Los Angeles, San Francisco, San Diego, Oxnard, 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 55 $15,695,000 $285,364 $8,076 9.80%
    HELOC 1 $135,000 $135,000 n/a 9.00%

    For 2019, North Coast Financial's most frequently originated type of loan was Conventional, with 55 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 47 $12,445,000 $264,787 $7,474 9.88%
    Home Purchase 8 $2,830,000 $353,750 $8,006 9.31%
    Other 1 $555,000 $555,000 $15,507 9.50%

    For 2019, North Coast Financial's most frequently cited loan purpose was Refi, with 47 originations. The 2nd most popular reason was Home Purchase, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 23 $6,285,000 $273,261 $0 9.57%
    Other 19 $6,615,000 $348,158 $8,192 10.15%
    3 Year 7 $1,435,000 $205,000 $0 10.10%
    30 Year 5 $1,155,000 $231,000 $9,018 9.40%
    10 Year 1 $305,000 $305,000 $7,243 8.50%
    5 Year 1 $35,000 $35,000 $3,978 9.00%

    For 2019, North Coast Financial's most frequently cited loan duration was 1 Year, with 23 originations. The 2nd most popular length was Other, with 19 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 56 $15,830,000 $282,679

    During 2019, North Coast Financial's average interest rate for loans was 9.40%, while their most frequently originated rate bucket for loans was Over 8%, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 16 $4,200,000 $262,500 $8,446 9.42%
    $100,000 or less 14 $860,000 $61,429 $4,733 10.45%
    $100k-200k 13 $1,865,000 $143,462 $5,780 10.01%
    $400k-600k 7 $3,245,000 $463,571 $12,649 9.28%
    $600k-1MM 5 $3,735,000 $747,000 $14,382 9.30%
    $1MM+ 1 $1,925,000 $1,925,000 $0 9.50%

    2019 saw North Coast Financial place emphasis on $200k-400k loans with 16 originations, totaling $4,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 9 $2,345,000 $260,556 $4,684 10.07%
    $50k-75k 7 $1,645,000 $235,000 $8,209 9.64%
    $75k-100k 7 $2,335,000 $333,571 $6,173 9.96%
    $50k or less 6 $1,540,000 $256,667 $9,161 9.48%
    $250k+ 4 $1,340,000 $335,000 $9,937 9.63%
    $100k-150k 3 $335,000 $111,667 $0 10.83%

    North Coast Financial lent most frequently to those with incomes in the $150k-250k range, with 9 originations. The second most popular income band? $50k-75k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 7 $2,015,000 $287,857 $8,508 9.39%
    20-30% 5 $1,305,000 $261,000 $10,678 10.20%
    <20% 4 $750,000 $187,500 $5,280 9.00%
    >60% 3 $945,000 $315,000 $10,951 9.42%
    30-36% 3 $685,000 $228,333 $7,941 10.08%
    43% 1 $35,000 $35,000 $5,473 12.00%
    39% 1 $105,000 $105,000 $0 9.90%
    36% 1 $175,000 $175,000 $7,061 11.50%

    North Coast Financial lent most frequently to those with DTI ratios of 50-60%, with 7 originations. The next most common DTI ratio? 20-30%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 32 $8,200,000 $256,250 $8,334 9.75%
    Not applicable 19 $6,065,000 $319,211 $0 9.63%
    Vietnamese 1 $855,000 $855,000 $0 9.25%
    Other Asian 1 $405,000 $405,000 $0 8.95%
    Filipino 1 $175,000 $175,000 $7,061 11.50%
    Black 2 $130,000 $65,000 $5,473 11.75%

    Approval Rates

    Total approvals of all applications
    95.59%

    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 origination
    83.93%

    North Coast Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 56 $15,830,000 $282,679

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $755,000 $755,000
    Single Family (1-4 Units):Site-Built 55 $15,075,000 $274,091

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $5,160,000 $322,500 $7,331 9.56%
    40-60% 8 $3,210,000 $401,250 $11,014 9.30%
    60-80% 13 $5,715,000 $439,615 $11,221 9.42%
    Under 20% 19 $1,745,000 $91,842 $5,212 10.44%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Other type of mortgage Trouble during payment process 1 100.0%