Oceanside Mortgage Company Rates, Fees & Info
Toms River, NJLEI: 5493004R423PBPM6A173
Tax ID: 22-3470404
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 4/26/24 |
| 30 Year Conventional Refi | 6.27% | 4/26/24 |
| 30 Year Cash-out Refi | 6.27% | 4/26/24 |
| 30 Year FHA Purchase | 6.27% | 4/26/24 |
| 30 Year FHA Refi | 6.27% | 4/26/24 |
| 30 Year VA Purchase | 6.27% | 4/26/24 |
| 30 Year VA Refi | 6.27% | 4/26/24 |
| 30 Year USDA Refi | 6.27% | 4/26/24 |
| 15 Year Conventional Refi | 5.68% | 4/26/24 |
| 15 Year Cash-out Refi | 5.68% | 4/26/24 |
| 15 Year FHA Refi | 5.68% | 4/26/24 |
| 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
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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
142Origination Dollar Volume (All Markets)
$33,230,000Awards
OCEANSIDE MORTGAGE COMPANY - 2023
OCEANSIDE MORTGAGE COMPANY is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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.
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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
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
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
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
2023 saw Oceanside Mortgage Company place emphasis on $100k-200k loans with 73 originations, totaling $11,795,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications87.39%
Oceanside Mortgage Company has an average approval rate.
Pick Rate
Approvals leading to origination53.52%
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 |