Coast 2 Coast Funding Group Mortgage Rates, Fees & Info
IRVINE, CALEI: 5493005LE3FE2MIPPW66
Tax ID: 20-4459706
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Mortgage Data
Review & Overview
Coast 2 Coast Funding Group is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Coast 2 Coast Funding Group has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, San Diego, San Jose, and Riverside among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Coast 2 Coast Funding Group 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. Coast 2 Coast Funding Group 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 | 7.01% | 4/21/24 |
| 30 Year Conventional Refi | 6.53% | 4/21/24 |
| 30 Year Cash-out Refi | 7.02% | 4/21/24 |
| 15 Year Conventional Purchase | 6.13% | 4/21/24 |
| 15 Year Conventional Refi | 6.28% | 4/21/24 |
| 15 Year Cash-out Refi | 6.28% | 4/21/24 |
| 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. | ||
Coast 2 Coast Funding Group Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
294Origination Dollar Volume (All Markets)
$95,180,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 122 | $36,760,000 | $301,311 | $8,938 | 5.09% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 53 | $21,245,000 | $400,849 | $7,492 | 5.37% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 29 | $9,845,000 | $339,483 | $7,927 | 5.24% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 21 | $9,775,000 | $465,476 | $6,793 | 5.40% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 27 | $5,945,000 | $220,185 | $7,620 | 4.99% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 12 | $4,750,000 | $395,833 | $5,859 | 5.04% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 17 | $3,475,000 | $204,412 | $4,697 | 5.27% |
| VALLEJO, CA (FHA|USDA|VA) | 6 | $1,780,000 | $296,667 | $4,450 | 5.37% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $11,135 | 5.13% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $5,998 | 5.37% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,948 | 5.49% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,603 | 5.25% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,475 | 4.99% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 293 | $94,825,000 | $323,635 | $7,788 | 5.19% |
| Reverse Mortgage | 1 | $355,000 | $355,000 | $0 | 3.88% |
For 2018, Coast 2 Coast Funding Group's most frequently originated type of loan was Conventional, with 293 originations. Their 2nd most popular type was Reverse Mortgage, with 1 originations.
Loan Reason
For 2018, Coast 2 Coast Funding Group's most frequently cited loan purpose was Cash Out Refi, with 135 originations. The 2nd most popular reason was Home Purchase, with 125 originations.
Loan Duration/Length
For 2018, Coast 2 Coast Funding Group's most frequently cited loan duration was 30 Year, with 280 originations. The 2nd most popular length was 15 Year, with 11 originations.
Origination Fees/Closing Costs
Coast 2 Coast Funding Group's average total fees were $7,814, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 141 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 196 | $67,160,000 | $342,653 |
| 4-5% | 91 | $25,695,000 | $282,363 |
| 3-4% | 7 | $2,325,000 | $332,143 |
During 2018, Coast 2 Coast Funding Group's average interest rate for loans was 5.23%, while their most frequently originated rate bucket for loans was 5-6%, with 196 originations.
Loan Sizing
2018 saw Coast 2 Coast Funding Group place emphasis on $200k-400k loans with 150 originations, totaling $43,870,000 in origination value.
Applicant Income
Coast 2 Coast Funding Group lent most frequently to those with incomes in the $100k-150k range, with 69 originations. The second most popular income band? $50k-75k, with 64 originations.
Applicant Debt to Income Ratio
Coast 2 Coast Funding Group lent most frequently to those with DTI ratios of 30-36%, with 44 originations. The next most common DTI ratio? 20-30%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.39%
Coast 2 Coast Funding Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.46%
Coast 2 Coast Funding Group has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 294 | $95,180,000 | $323,741 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 294 | $95,180,000 | $323,741 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COAST 2 COAST FUNDING GROUP | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |