Oceanside Mortgage Company Rates, Fees & Info

Toms River, NJ

LEI: 5493004R423PBPM6A173

Tax ID: 22-3470404

5 stars - Updated: 6/23/24 - out of 5 stars, based on 12 reviews

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

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Mortgage Data

Review & Overview

Oceanside Mortgage Company is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. They have a a high proportion of FHA loans. Oceanside Mortgage Company has an average proportion of conventional loans. Their top markets by origination volume include: New York, Jacksonville, Atlanta, Houston, and Indianapolis among others. We have data for 71 markets. (Some data included below & more in-depth data is available with an active subscription.)

Oceanside Mortgage Company 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. Oceanside Mortgage Company is typically an average 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 relatively high 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.27% 6/23/24
30 Year Conventional Refi 6.27% 6/23/24
30 Year Cash-out Refi 6.27% 6/23/24
30 Year FHA Purchase 6.27% 6/23/24
30 Year FHA Refi 6.27% 6/23/24
30 Year VA Purchase 6.27% 6/23/24
30 Year VA Refi 6.27% 6/23/24
30 Year USDA Refi 6.27% 6/23/24
15 Year Conventional Refi 5.68% 6/23/24
15 Year Cash-out Refi 5.68% 6/23/24
15 Year FHA Refi 5.68% 6/23/24
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.

Oceanside Mortgage Company Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Oceanside Mortgage Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

142

Origination Dollar Volume (All Markets)

$33,230,000
Show all (6) awards

Relative Rate

Oceanside Mortgage Company's average 30 year fixed mortgage rate was 6.33%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.15%.

Relative Fees (Closing Costs)

Oceanside Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $6,395.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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 28 $6,030,000 $215,357 $5,850 6.16%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 11 $3,485,000 $316,818 $8,495 6.33%
JACKSONVILLE, FL (FHA|USDA|VA) 7 $2,665,000 $380,714 $7,145 6.43%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $1,655,000 $236,429 $5,441 6.29%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $880,000 $220,000 $4,742 6.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $820,000 $205,000 $7,388 5.88%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $770,000 $385,000 $13,535 5.88%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $605,000 $201,667 $5,456 6.54%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $530,000 $265,000 $4,148 7.06%
FORT WAYNE, IN (FHA|USDA|VA) 3 $515,000 $171,667 $6,084 5.67%
WICHITA, KS (FHA|USDA|VA) 2 $500,000 $250,000 $5,850 6.63%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $475,000 $475,000 $4,773 6.99%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $440,000 $220,000 $7,588 5.56%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $440,000 $220,000 $5,936 6.38%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 3 $435,000 $145,000 $4,905 6.25%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $425,000 $425,000 $16,895 6.63%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $425,000 $425,000 $15,812 6.25%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $410,000 $205,000 $6,648 6.19%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $375,000 $375,000 $3,345 6.38%
OCALA, FL (FHA|USDA|VA) 1 $375,000 $375,000 $9,777 6.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $355,000 $355,000 $12,930 6.38%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $340,000 $170,000 $5,758 6.56%
Warsaw, IN (FHA|USDA|VA) 2 $340,000 $170,000 $4,681 6.38%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $7,382 6.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $315,000 $315,000 $11,184 6.13%
Mount Airy, NC (FHA|USDA|VA) 1 $315,000 $315,000 $2,502 6.88%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $315,000 $315,000 $7,627 6.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $310,000 $155,000 $2,284 7.13%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $295,000 $295,000 $12,091 6.38%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $295,000 $295,000 $7,177 5.50%
Crossville, TN (FHA|USDA|VA) 1 $285,000 $285,000 $6,377 6.13%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $7,033 7.25%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $275,000 $275,000 $9,564 5.50%
Susanville, CA (FHA|USDA|VA) 1 $265,000 $265,000 $8,367 7.13%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $255,000 $255,000 $5,975 5.25%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $255,000 $255,000 $10,252 5.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $225,000 $225,000 $6,442 5.75%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 2 $220,000 $110,000 $3,625 6.69%
Hobbs, NM (FHA|USDA|VA) 1 $215,000 $215,000 $7,348 7.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $215,000 $215,000 $6,738 7.00%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $215,000 $215,000 $5,776 7.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $215,000 $215,000 $9,767 6.13%
DOVER, DE (FHA|USDA|VA) 1 $215,000 $215,000 $6,468 6.50%
COLUMBUS, IN (FHA|USDA|VA) 1 $205,000 $205,000 $4,884 7.25%
Cañon City, CO (FHA|USDA|VA) 1 $205,000 $205,000 $5,764 5.88%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $195,000 $195,000 $4,765 6.63%
FLINT, MI (FHA|USDA|VA) 1 $195,000 $195,000 $6,348 5.63%
Mayfield, KY (FHA|USDA|VA) 1 $195,000 $195,000 $8,322 5.99%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $195,000 $195,000 $2,481 7.25%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $185,000 $185,000 $7,523 5.88%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $5,551 7.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $185,000 $185,000 $6,420 8.13%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $185,000 $185,000 $7,147 5.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $175,000 $175,000 $5,675 7.00%
ALTOONA, PA (FHA|USDA|VA) 1 $175,000 $175,000 $5,640 6.75%
MANSFIELD, OH (FHA|USDA|VA) 1 $175,000 $175,000 $1,051 5.88%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $175,000 $175,000 $6,241 6.63%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $175,000 $175,000 $6,393 6.00%
DULUTH, MN-WI (FHA|USDA|VA) 1 $165,000 $165,000 $5,348 6.00%
MOBILE, AL (FHA|USDA|VA) 1 $165,000 $165,000 $1,848 6.50%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $165,000 $165,000 $4,685 7.50%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $165,000 $165,000 $5,144 6.50%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $155,000 $155,000 $4,719 6.00%
COLUMBUS, OH (FHA|USDA|VA) 1 $145,000 $145,000 $6,625 5.63%
JACKSON, MS (FHA|USDA|VA) 1 $145,000 $145,000 $5,989 6.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $135,000 $135,000 $3,954 7.13%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $125,000 $125,000 $3,678 6.63%
Sterling, CO (FHA|USDA|VA) 1 $125,000 $125,000 $1,656 5.88%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $125,000 $125,000 $5,788 5.63%
Lawrenceburg, TN (FHA|USDA|VA) 1 $115,000 $115,000 $3,322 6.25%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $95,000 $95,000 $3,628 5.88%
Oceanside Mortgage Company's top markets include New York, Jacksonville, Atlanta, Houston, and Indianapolis among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against OCEANSIDE MORTGAGE COMPANY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    PANHANDLE FEDERAL CREDIT UNION
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    OCEAN STATE CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 91 $20,625,000 $226,648 $7,307 6.24%
    Conventional 40 $9,250,000 $231,250 $3,992 6.56%
    VA 11 $3,355,000 $305,000 $7,353 6.09%

    For 2023, Oceanside Mortgage Company's most frequently originated type of loan was FHA, with 91 originations. Their 2nd most popular type was Conventional, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 97 $21,455,000 $221,186 $6,601 6.17%
    Home Purchase 41 $11,145,000 $271,829 $6,182 6.60%
    Refi 4 $630,000 $157,500 $2,938 7.06%

    For 2023, Oceanside Mortgage Company's most frequently cited loan purpose was Cash Out Refi, with 97 originations. The 2nd most popular reason was Home Purchase, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 135 $31,755,000 $235,222 $6,395 6.33%
    20 Year 3 $545,000 $181,667 $5,616 6.25%
    15 Year 2 $320,000 $160,000 $4,606 5.50%
    Other 2 $610,000 $305,000 $8,033 6.50%

    For 2023, Oceanside Mortgage Company's most frequently cited loan duration was 30 Year, with 135 originations. The 2nd most popular length was 20 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 84 $19,060,000 $226,905
    $2k-3k 22 $4,690,000 $213,182
    $1k-2k 13 $2,685,000 $206,538
    $3k-4k 10 $2,560,000 $256,000
    $4k-5k 8 $2,000,000 $250,000
    $5k+ 5 $2,235,000 $447,000

    Oceanside Mortgage Company's average total fees were $6,395, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 84 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 60 $13,540,000 $225,667
    6-7% 58 $14,280,000 $246,207
    7-8% 23 $5,225,000 $227,174
    Over 8% 1 $185,000 $185,000

    During 2023, Oceanside Mortgage Company's average interest rate for loans was 6.33%, while their most frequently originated rate bucket for loans was 5-6%, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 73 $11,795,000 $161,575 $4,709 6.33%
    $200k-400k 53 $14,825,000 $279,717 $7,252 6.36%
    $400k-600k 11 $5,085,000 $462,273 $13,971 6.18%
    $100,000 or less 3 $255,000 $85,000 $3,688 5.88%
    $600k-1MM 2 $1,270,000 $635,000 $6,321 6.19%

    2023 saw Oceanside Mortgage Company place emphasis on $100k-200k loans with 73 originations, totaling $11,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 41 $8,955,000 $218,415 $6,029 6.27%
    $50k-75k 38 $7,000,000 $184,211 $5,544 6.35%
    $100k-150k 28 $8,080,000 $288,571 $8,795 6.05%
    $150k-250k 14 $4,640,000 $331,429 $7,691 6.89%
    $50k or less 14 $1,920,000 $137,143 $3,836 6.21%
    $250k+ 6 $2,490,000 $415,000 $5,562 6.69%

    Oceanside Mortgage Company lent most frequently to those with incomes in the $75k-100k range, with 41 originations. The second most popular income band? $50k-75k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 26 $7,010,000 $269,615 $9,077 6.04%
    30-36% 19 $4,485,000 $236,053 $6,911 6.39%
    20-30% 14 $3,250,000 $232,143 $4,432 6.39%
    44% 12 $3,100,000 $258,333 $7,054 6.63%
    38% 8 $1,870,000 $233,750 $7,503 6.09%
    47% 7 $1,525,000 $217,857 $5,671 6.52%
    49% 7 $1,865,000 $266,429 $9,538 6.29%
    41% 7 $1,365,000 $195,000 $4,657 6.30%
    42% 6 $790,000 $131,667 $3,698 6.06%
    39% 6 $1,490,000 $248,333 $5,552 6.56%
    45% 5 $975,000 $195,000 $5,037 6.50%
    37% 5 $1,225,000 $245,000 $4,287 6.48%
    48% 4 $1,000,000 $250,000 $5,515 6.16%
    43% 4 $840,000 $210,000 $4,860 5.69%
    36% 3 $815,000 $271,667 $3,832 6.63%
    <20% 3 $315,000 $105,000 $2,292 6.83%
    40% 3 $835,000 $278,333 $5,077 6.46%
    46% 2 $330,000 $165,000 $4,281 6.94%

    Oceanside Mortgage Company lent most frequently to those with DTI ratios of 50-60%, with 26 originations. The next most common DTI ratio? 30-36%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 105 $23,965,000 $228,238 $6,439 6.30%
    White 27 $6,945,000 $257,222 $6,174 6.41%
    Black 6 $1,530,000 $255,000 $8,046 5.73%
    Asian 2 $530,000 $265,000 $3,008 7.69%
    Native Hawaiian or Islander 1 $155,000 $155,000 $6,595 6.13%
    Asian Indian 1 $105,000 $105,000 $1,862 6.88%

    Approval Rates

    Total approvals of all applications
    87.39%

    Oceanside Mortgage Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    53.52%

    Oceanside Mortgage Company 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 142 $33,230,000 $234,014

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    142 $33,230,000 $234,014

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $830,000 $207,500 $7,606 6.28%
    40-60% 17 $3,275,000 $192,647 $4,966 6.28%
    60-80% 69 $15,475,000 $224,275 $6,225 6.27%
    80-100% 52 $13,650,000 $262,500 $6,944 6.40%