Coosa Pines Mortgage Rates, Fees & Info

Childersburg, AL

LEI: 549300311KRYLZVODK22

Tax ID: 63-0288902

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Coosa Pines is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, 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 an above average pick rate when compared to similar lenders.

    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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    Originations

    106

    Origination Dollar Volume (All Markets)

    $13,040,000

    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
    Outside of Metro Areas 106 $13,040,000 $123,019 $0 0.00%
    Coosa Pines's top markets include

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 106 $13,040,000 $123,019 $0 0.00%

    For 2020, Coosa Pines's most frequently originated type of loan was Conventional, with 106 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 65 $7,215,000 $111,000 $0 0.00%
    Home Purchase 22 $3,070,000 $139,545 $0 0.00%
    Refi 19 $2,755,000 $145,000 $0 0.00%

    For 2020, Coosa Pines's most frequently cited loan purpose was Cash Out Refi, with 65 originations. The 2nd most popular reason was Home Purchase, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 106 $13,040,000 $123,019 $0 0.00%

    For 2020, Coosa Pines's most frequently cited loan duration was Other, with 106 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 54 $3,490,000 $64,630 $0 0.00%
    $100k-200k 35 $5,105,000 $145,857 $0 0.00%
    $200k-400k 15 $3,635,000 $242,333 $0 0.00%
    $400k-600k 2 $810,000 $405,000 $0 0.00%

    2020 saw Coosa Pines place emphasis on $100,000 or less loans with 54 originations, totaling $3,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 29 $4,265,000 $147,069 $0 0.00%
    $50k-75k 26 $2,430,000 $93,462 $0 0.00%
    $75k-100k 23 $2,865,000 $124,565 $0 0.00%
    $50k or less 15 $1,195,000 $79,667 $0 0.00%
    $150k-250k 9 $1,755,000 $195,000 $0 0.00%
    $250k+ 2 $470,000 $235,000 $0 0.00%

    Coosa Pines lent most frequently to those with incomes in the $100k-150k range, with 29 originations. The second most popular income band? $50k-75k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 106 $13,040,000 $123,019 $0 0.00%

    Coosa Pines lent most frequently to those with DTI ratios of Exempt%, with 106 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 91 $12,155,000 $133,571 $0 0.00%
    Black 13 $825,000 $63,462 $0 0.00%
    Not applicable 2 $60,000 $30,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.24%

    Coosa Pines has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.28%

    Coosa Pines has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 106 $13,040,000 $123,019

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 106 $13,040,000 $123,019