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 and 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
110Origination Dollar Volume (All Markets)
$12,500,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 110 | $12,500,000 | $113,636 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 110 | $12,500,000 | $113,636 | $0 | 0.00% |
For 2019, Coosa Pines's most frequently originated type of loan was Conventional, with 110 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 73 | $7,835,000 | $107,329 | $0 | 0.00% |
| Refi | 21 | $3,135,000 | $149,286 | $0 | 0.00% |
| Home Purchase | 16 | $1,530,000 | $95,625 | $0 | 0.00% |
For 2019, Coosa Pines's most frequently cited loan purpose was Cash Out Refi, with 73 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 110 | $12,500,000 | $113,636 | $0 | 0.00% |
For 2019, Coosa Pines's most frequently cited loan duration was Other, with 110 originations.
Loan Sizing
2019 saw Coosa Pines place emphasis on $100,000 or less loans with 59 originations, totaling $3,205,000 in origination value.
Applicant Income
Coosa Pines lent most frequently to those with incomes in the $50k-75k range, with 32 originations. The second most popular income band? $75k-100k, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 110 | $12,500,000 | $113,636 | $0 | 0.00% |
Coosa Pines lent most frequently to those with DTI ratios of Exempt%, with 110 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 97 | $11,595,000 | $119,536 | $0 | 0.00% |
| Black | 9 | $725,000 | $80,556 | $0 | 0.00% |
| Not applicable | 4 | $180,000 | $45,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications90.44%
Coosa Pines has an average approval rate.
Pick Rate
Approvals leading to origination88.18%
Coosa Pines has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 110 | $12,500,000 | $113,636 |