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, 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, Visalia, and Bakersfield among others. We have data for 12 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
230Origination Dollar Volume (All Markets)
$74,240,000Awards
COASTHILLS - 2022
COASTHILLS is a 2022 , due to their low .
For 2022, 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) | 124 | $33,320,000 | $268,710 | $2,053 | 4.32% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 89 | $26,675,000 | $299,719 | $2,032 | 4.36% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 7 | $11,945,000 | $1,706,429 | $2,542 | 4.35% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,802 | 5.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,523 | 5.38% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,476 | 3.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,438 | 3.13% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,548 | 3.50% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,059 | 5.00% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $522 | 4.25% |
| Outside of Metro Areas | 1 | $95,000 | $95,000 | $1,044 | 4.50% |
| Sonora, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $753 | 4.25% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 228 | $72,190,000 | $316,623 | $2,034 | 4.34% |
| HELOC | 1 | $1,785,000 | $1,785,000 | n/a | 4.50% |
| VA | 1 | $265,000 | $265,000 | $11,296 | 3.13% |
For 2022, Coasthills's most frequently originated type of loan was Conventional, with 228 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2022, Coasthills's most frequently cited loan purpose was Cash Out Refi, with 84 originations. The 2nd most popular reason was Home Improvement, with 63 originations.
Loan Duration/Length
For 2022, Coasthills's most frequently cited loan duration was 20 Year, with 83 originations. The 2nd most popular length was 30 Year, with 83 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 101 | $35,365,000 | $350,149 |
| $1k-2k | 16 | $3,910,000 | $244,375 |
| $5k+ | 3 | $1,585,000 | $528,333 |
| $4k-5k | 1 | $445,000 | $445,000 |
Coasthills's average total fees were $3,651, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 101 originations.
Interest Rates
During 2022, Coasthills's average interest rate for loans was 3.92%, while their most frequently originated rate bucket for loans was 4-5%, with 110 originations.
Loan Sizing
2022 saw Coasthills place emphasis on $100,000 or less loans with 61 originations, totaling $3,695,000 in origination value.
Applicant Income
Coasthills lent most frequently to those with incomes in the $100k-150k range, with 65 originations. The second most popular income band? $150k-250k, with 60 originations.
Applicant Debt to Income Ratio
Coasthills lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? 44%, with 29 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.35%
Coasthills has an average approval rate.
Pick Rate
Approvals leading to origination66.96%
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 | 230 | $74,240,000 | $322,783 |