Coasthills Mortgage Rates, Fees & Info

Santa Maria, CA

LEI: 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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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






Your Estimates

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The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

331

Origination Dollar Volume (All Markets)

$96,665,000

Awards

COASTHILLS 30 Year Conventional Loans silver COASTHILLS 30 Year Conventional Loans gold
Show all (2) awards

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%
Coasthills's top markets include Santa Maria, San Luis Obispo, Riverside, San Jose, and Oxnard among others.

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

    We use machine learning to identify the top lenders compared against COASTHILLS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Shea Mortgage Inc.
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 125 $34,685,000 $277,480 $2,745 3.05%
    Home Improvement 93 $18,975,000 $204,032 $2,277 3.66%
    Cash Out Refi 73 $25,175,000 $344,863 $2,665 3.39%
    Home Purchase 38 $17,650,000 $464,474 $4,139 2.80%
    Other 2 $180,000 $90,000 $471 4.00%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 199 $73,655,000 $370,126 $3,105 3.13%
    15 Year 54 $12,160,000 $225,185 $2,167 3.19%
    Other 46 $5,400,000 $117,391 $0 4.02%
    20 Year 19 $3,495,000 $183,947 $2,015 3.68%
    10 Year 13 $1,955,000 $150,385 $2,157 2.65%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 191 $64,405,000 $337,199
    $1k-2k 59 $17,215,000 $291,780
    $2k-3k 6 $1,610,000 $268,333
    $4k-5k 4 $1,090,000 $272,500
    $3k-4k 3 $625,000 $208,333
    $5k+ 1 $545,000 $545,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 134 $39,110,000 $291,866 $2,954 3.15%
    $100k-200k 77 $11,075,000 $143,831 $2,521 3.22%
    $100,000 or less 51 $3,225,000 $63,235 $902 3.97%
    $400k-600k 45 $21,575,000 $479,444 $3,306 3.04%
    $600k-1MM 19 $14,505,000 $763,421 $3,525 3.13%
    $1MM+ 5 $7,175,000 $1,435,000 $5,801 2.80%

    2021 saw Coasthills place emphasis on $200k-400k loans with 134 originations, totaling $39,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 89 $24,225,000 $272,191 $2,872 3.35%
    $50k-75k 67 $13,925,000 $207,836 $2,372 3.25%
    $150k-250k 49 $15,035,000 $306,837 $2,716 3.51%
    $75k-100k 47 $13,245,000 $281,809 $2,891 3.14%
    $50k or less 28 $4,640,000 $165,714 $2,722 3.12%
    $250k+ 22 $12,270,000 $557,727 $3,939 3.07%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 53 $12,795,000 $241,415 $3,002 3.17%
    30-36% 50 $13,740,000 $274,800 $2,566 3.27%
    <20% 30 $6,090,000 $203,000 $2,457 3.23%
    43% 27 $10,575,000 $391,667 $3,194 3.15%
    44% 22 $4,710,000 $214,091 $2,470 3.63%
    42% 20 $6,490,000 $324,500 $2,993 3.24%
    37% 19 $5,245,000 $276,053 $2,539 3.38%
    40% 17 $3,355,000 $197,353 $2,650 3.55%
    36% 14 $4,940,000 $352,857 $2,561 3.19%
    48% 10 $2,300,000 $230,000 $2,484 2.96%
    38% 10 $2,920,000 $292,000 $2,825 3.46%
    39% 10 $2,890,000 $289,000 $4,065 3.23%
    49% 10 $3,500,000 $350,000 $3,224 2.84%
    41% 9 $2,205,000 $245,000 $2,850 3.57%
    47% 9 $2,945,000 $327,222 $3,102 3.31%
    45% 7 $2,605,000 $372,143 $2,890 3.13%
    46% 6 $2,460,000 $410,000 $2,624 3.42%
    50-60% 4 $1,890,000 $472,500 $3,022 3.22%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 201 $56,075,000 $278,980 $2,910 3.27%
    Not provided 102 $28,030,000 $274,804 $2,698 3.31%
    Not applicable 3 $4,065,000 $1,355,000 $0 3.83%
    Asian 10 $3,260,000 $326,000 $2,751 2.93%
    Black 7 $3,195,000 $456,429 $2,562 3.20%
    American Indian 6 $1,600,000 $266,667 $2,591 3.13%
    Native Hawaiian or Islander 1 $315,000 $315,000 $2,697 3.13%
    Other Asian 1 $125,000 $125,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    93.67%

    Coasthills has an average approval rate.

    Pick Rate

    Approvals leading to origination
    59.21%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    331 $96,665,000 $292,039

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 61 $11,755,000 $192,705 $2,367 3.19%
    40-60% 92 $28,350,000 $308,152 $3,031 3.10%
    60-80% 85 $36,485,000 $429,235 $3,004 3.16%
    80-100% 35 $15,405,000 $440,143 $3,655 2.92%
    Under 20% 58 $4,670,000 $80,517 $936 4.03%

    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%