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 Cash Out Refi and Home Purchase loans. Coasthills has a high proportion of conventional loans. Their top markets by origination volume include: Santa Maria, San Luis Obispo, Oxnard, Los Angeles, and Salinas among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Coasthills has an 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% 3/28/24
30 Year Conventional Refi 6.74% 3/28/24
30 Year Cash-out Refi 6.71% 3/28/24
15 Year Conventional Purchase 5.68% 3/28/24
15 Year Conventional Refi 6.06% 3/28/24
15 Year Cash-out Refi 6.06% 3/28/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Coasthills. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

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


Originations

294

Origination Dollar Volume (All Markets)

$63,830,000
Show all (5) 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) 185 $34,705,000 $187,595 $1,848 4.81%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 95 $25,665,000 $270,158 $1,952 4.65%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $1,360,000 $340,000 $1,768 5.19%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $860,000 $215,000 $1,558 5.33%
SALINAS, CA (FHA|USDA|VA) 2 $580,000 $290,000 $2,932 4.00%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $405,000 $405,000 $2,680 4.25%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $190,000 $95,000 $2,135 5.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $65,000 $65,000 $533 5.50%
Coasthills's top markets include Santa Maria, San Luis Obispo, Oxnard, Los Angeles, and Salinas among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 292 $63,460,000 $217,329 $1,847 4.76%
    HELOC 1 $45,000 $45,000 n/a 5.25%
    VA 1 $325,000 $325,000 $12,544 4.75%

    For 2018, Coasthills's most frequently originated type of loan was Conventional, with 292 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 178 $34,510,000 $193,876 $1,744 4.78%
    Home Purchase 41 $14,085,000 $343,537 $2,680 4.72%
    Refi 40 $10,750,000 $268,750 $2,371 4.46%
    Home Improvement 35 $4,485,000 $128,143 $1,138 5.06%

    For 2018, Coasthills's most frequently cited loan purpose was Cash Out Refi, with 178 originations. The 2nd most popular reason was Home Purchase, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 154 $52,090,000 $338,247 $2,695 4.37%
    15 Year 69 $5,985,000 $86,739 $1,008 5.16%
    20 Year 64 $5,070,000 $79,219 $808 5.29%
    10 Year 7 $685,000 $97,857 $2,289 4.17%

    For 2018, Coasthills's most frequently cited loan duration was 30 Year, with 154 originations. The 2nd most popular length was 15 Year, with 69 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 209 $50,325,000 $240,789
    $1k-2k 5 $1,585,000 $317,000
    $3k-4k 1 $325,000 $325,000

    Coasthills's average total fees were $2,695, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 209 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 150 $37,520,000 $250,133
    5-6% 80 $7,110,000 $88,875
    3-4% 45 $14,415,000 $320,333
    6-7% 4 $220,000 $55,000

    During 2018, Coasthills's average interest rate for loans was 4.37%, while their most frequently originated rate bucket for loans was 4-5%, with 150 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 110 $6,160,000 $56,000 $674 5.30%
    $200k-400k 94 $26,950,000 $286,702 $2,738 4.39%
    $100k-200k 47 $6,625,000 $140,957 $2,072 4.57%
    $400k-600k 30 $14,490,000 $483,000 $2,795 4.35%
    $600k-1MM 12 $8,250,000 $687,500 $2,975 4.31%
    $1MM+ 1 $1,355,000 $1,355,000 $5,056 3.75%

    2018 saw Coasthills place emphasis on $100,000 or less loans with 110 originations, totaling $6,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 76 $16,450,000 $216,447 $1,821 4.79%
    $75k-100k 65 $11,855,000 $182,385 $1,937 4.79%
    $50k-75k 57 $9,625,000 $168,860 $1,909 4.67%
    $150k-250k 39 $11,855,000 $303,974 $1,621 5.02%
    $50k or less 28 $4,070,000 $145,357 $1,915 4.58%
    $250k+ 17 $7,085,000 $416,765 $2,311 4.68%

    Coasthills lent most frequently to those with incomes in the $100k-150k range, with 76 originations. The second most popular income band? $75k-100k, with 65 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 51 $9,155,000 $179,510 $1,780 4.69%
    30-36% 50 $10,870,000 $217,400 $1,933 4.80%
    44% 26 $5,150,000 $198,077 $1,218 4.96%
    42% 21 $5,145,000 $245,000 $1,883 4.63%
    38% 15 $3,555,000 $237,000 $1,414 5.32%
    <20% 13 $2,565,000 $197,308 $2,077 4.84%
    37% 13 $2,925,000 $225,000 $1,959 4.75%
    39% 13 $2,515,000 $193,462 $2,531 4.81%
    41% 12 $2,820,000 $235,000 $1,989 4.50%
    43% 12 $2,770,000 $230,833 $2,213 4.70%
    40% 11 $1,795,000 $163,182 $1,390 4.99%
    47% 11 $2,995,000 $272,273 $2,529 4.32%
    36% 10 $1,870,000 $187,000 $1,638 5.03%
    46% 8 $2,080,000 $260,000 $1,687 4.94%
    49% 7 $2,065,000 $295,000 $2,652 4.13%
    45% 6 $1,830,000 $305,000 $2,323 4.63%
    48% 6 $1,300,000 $216,667 $2,452 4.48%
    50-60% 6 $1,500,000 $250,000 $2,025 4.73%
    >60% 3 $925,000 $308,333 $2,179 4.83%

    Coasthills lent most frequently to those with DTI ratios of 20-30%, with 51 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 182 $37,470,000 $205,879 $1,840 4.80%
    Not provided 79 $19,005,000 $240,570 $1,828 4.66%
    Black 11 $3,545,000 $322,273 $2,913 4.94%
    Asian 13 $2,395,000 $184,231 $2,068 4.59%
    American Indian 7 $1,275,000 $182,143 $2,061 4.71%
    Native Hawaiian or Islander 2 $140,000 $70,000 $491 5.50%

    Approval Rates

    Total approvals of all applications
    82.41%

    Coasthills has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    70.07%

    Coasthills has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 294 $63,830,000 $217,109

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $515,000 $171,667
    Single Family (1-4 Units):Site-Built 291 $63,315,000 $217,577

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 39 $5,885,000 $150,897 $2,009 4.66%
    40-60% 30 $7,930,000 $264,333 $2,374 4.29%
    60-80% 80 $28,270,000 $353,375 $2,668 4.36%
    80-100% 35 $14,725,000 $420,714 $3,227 4.50%
    Under 20% 109 $6,625,000 $60,780 $676 5.28%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CASTLE ROCK Conventional home mortgage Struggling to pay mortgage 2 100.0%