Coosa Pines Mortgage Rates, Fees & Info
Childersburg, ALLEI: 549300311KRYLZVODK22
Tax ID: 63-0288902
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Mortgage Data
Review & Overview
Coosa Pines is a smaller mortgage company specializing in Cash Out Refi loans. Coosa Pines has a high proportion of conventional loans.Coosa Pines 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.
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Originations
121Origination Dollar Volume (All Markets)
$19,195,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 121 | $19,195,000 | $158,636 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 121 | $19,195,000 | $158,636 | $0 | 0.00% |
For 2024, Coosa Pines's most frequently originated type of loan was Conventional, with 121 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 84 | $12,930,000 | $153,929 | $0 | 0.00% |
| Home Purchase | 21 | $3,495,000 | $166,429 | $0 | 0.00% |
| Refi | 16 | $2,770,000 | $173,125 | $0 | 0.00% |
For 2024, Coosa Pines's most frequently cited loan purpose was Cash Out Refi, with 84 originations. The 2nd most popular reason was Home Purchase, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 121 | $19,195,000 | $158,636 | $0 | 0.00% |
For 2024, Coosa Pines's most frequently cited loan duration was Other, with 121 originations.
Loan Sizing
2024 saw Coosa Pines place emphasis on $100,000 or less loans with 61 originations, totaling $3,315,000 in origination value.
Applicant Income
Coosa Pines lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $50k-75k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 121 | $19,195,000 | $158,636 | $0 | 0.00% |
Coosa Pines lent most frequently to those with DTI ratios of Exempt%, with 121 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.10%
Coosa Pines has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.26%
Coosa Pines has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 121 | $19,195,000 | $158,636 |