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 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% | 12/16/24 |
| 30 Year Conventional Refi | 6.74% | 12/16/24 |
| 30 Year Cash-out Refi | 6.71% | 12/16/24 |
| 15 Year Conventional Purchase | 5.68% | 12/16/24 |
| 15 Year Conventional Refi | 6.06% | 12/16/24 |
| 15 Year Cash-out Refi | 6.06% | 12/16/24 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
294Origination Dollar Volume (All Markets)
$63,830,000Awards
COASTHILLS - 2018
COASTHILLS is a 2018 , due to their low .
For 2018, 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) | 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% |
Their top states include:
Similar Lenders
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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
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
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
2018 saw Coasthills place emphasis on $100,000 or less loans with 110 originations, totaling $6,160,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications82.41%
Coasthills has a below average approval rate.
Pick Rate
Approvals leading to origination70.07%
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
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CASTLE ROCK | Conventional home mortgage | Struggling to pay mortgage | 2 | 100.0% |