Coasthills Mortgage Rates, Fees & Info
Santa Maria, CALEI: 5493000KTY8YQ4SFHT59
Tax ID: 95-2015359
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Mortgage Data
Review & Overview
Coasthills is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Coasthills has a high proportion of conventional loans. Their top markets by origination volume include: Santa Maria, San Luis Obispo, Riverside, San Jose, and Oxnard among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Coasthills 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. Coasthills is typically a low 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 about average 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.43% | 10/31/24 |
| 30 Year Conventional Refi | 6.74% | 10/31/24 |
| 30 Year Cash-out Refi | 6.71% | 10/31/24 |
| 15 Year Conventional Purchase | 5.68% | 10/31/24 |
| 15 Year Conventional Refi | 6.06% | 10/31/24 |
| 15 Year Cash-out Refi | 6.06% | 10/31/24 |
| 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. | ||
Coasthills Mortgage Calculator
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Originations
331Origination Dollar Volume (All Markets)
$96,665,000Awards
COASTHILLS - 2021
COASTHILLS is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 216 | $56,640,000 | $262,222 | $2,744 | 3.22% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 99 | $35,255,000 | $356,111 | $2,892 | 3.37% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $1,170,000 | $585,000 | $4,984 | 2.94% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $5,210 | 2.13% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $3,125 | 3.22% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $2,896 | 4.38% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $2,992 | 3.38% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,024 | 3.25% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,864 | 3.50% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,448 | 3.50% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.00% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 281 | $90,225,000 | $321,085 | $2,826 | 3.16% |
| HELOC | 48 | $5,730,000 | $119,375 | n/a | 3.94% |
| VA | 2 | $710,000 | $355,000 | $2,059 | 3.25% |
For 2021, Coasthills's most frequently originated type of loan was Conventional, with 281 originations. Their 2nd most popular type was HELOC, with 48 originations.
Loan Reason
For 2021, Coasthills's most frequently cited loan purpose was Refi, with 125 originations. The 2nd most popular reason was Home Improvement, with 93 originations.
Loan Duration/Length
For 2021, Coasthills's most frequently cited loan duration was 30 Year, with 199 originations. The 2nd most popular length was 15 Year, with 54 originations.
Origination Fees/Closing Costs
Coasthills's average total fees were $3,105, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 191 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 179 | $52,845,000 | $295,223 |
| 2.5-3% | 105 | $31,085,000 | $296,048 |
| <2.5% | 29 | $10,285,000 | $354,655 |
| 4-5% | 12 | $2,040,000 | $170,000 |
| 5-6% | 6 | $410,000 | $68,333 |
During 2021, Coasthills's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 3-4%, with 179 originations.
Loan Sizing
2021 saw Coasthills place emphasis on $200k-400k loans with 134 originations, totaling $39,110,000 in origination value.
Applicant Income
Coasthills lent most frequently to those with incomes in the $100k-150k range, with 89 originations. The second most popular income band? $50k-75k, with 67 originations.
Applicant Debt to Income Ratio
Coasthills lent most frequently to those with DTI ratios of 20-30%, with 53 originations. The next most common DTI ratio? 30-36%, with 50 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.67%
Coasthills has an average approval rate.
Pick Rate
Approvals leading to origination59.21%
Coasthills has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 331 | $96,665,000 | $292,039 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Coastal Credit, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| Coastal Credit, LLC | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |