Coast 2 Coast Funding Group Mortgage Rates, Fees & Info

IRVINE, CA

LEI: 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, 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 Jose, San Diego, and Riverside among others. We have data for 12 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 an above 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 about average 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.01% 3/28/24
30 Year Conventional Refi 6.53% 3/28/24
30 Year Cash-out Refi 7.02% 3/28/24
15 Year Conventional Purchase 6.13% 3/28/24
15 Year Conventional Refi 6.28% 3/28/24
15 Year Cash-out Refi 6.28% 3/28/24
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






Your Estimates

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

This is not an official calculator from Coast 2 Coast Funding Group. 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

356

Origination Dollar Volume (All Markets)

$130,940,000

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 195 $68,405,000 $350,795 $8,470 4.47%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 56 $25,010,000 $446,607 $5,477 4.72%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 19 $10,115,000 $532,368 $6,007 4.52%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 23 $9,075,000 $394,565 $6,022 4.59%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 36 $8,900,000 $247,222 $7,581 4.56%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 16 $6,470,000 $404,375 $6,948 4.45%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $825,000 $275,000 $4,852 4.54%
VALLEJO, CA (FHA|USDA|VA) 2 $680,000 $340,000 $3,923 4.81%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $630,000 $315,000 $4,549 4.31%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $400,000 $200,000 $4,285 3.99%
VISALIA, CA (FHA|USDA|VA) 1 $295,000 $295,000 $3,665 3.99%
MODESTO, CA (FHA|USDA|VA) 1 $135,000 $135,000 $3,709 5.49%
Coast 2 Coast Funding Group's top markets include Los Angeles, San Francisco, San Jose, San Diego, and Riverside among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 356 $130,940,000 $367,809 $7,423 4.53%

    For 2019, Coast 2 Coast Funding Group's most frequently originated type of loan was Conventional, with 356 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 162 $52,240,000 $322,469 $9,032 4.61%
    Refi 127 $48,875,000 $384,843 $5,101 4.21%
    Home Purchase 67 $29,825,000 $445,149 $7,930 4.92%

    For 2019, Coast 2 Coast Funding Group's most frequently cited loan purpose was Cash Out Refi, with 162 originations. The 2nd most popular reason was Refi, with 127 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 335 $123,845,000 $369,687 $7,535 4.58%
    15 Year 18 $5,790,000 $321,667 $5,975 3.71%
    20 Year 2 $720,000 $360,000 $3,512 3.56%
    Other 1 $585,000 $585,000 $3,479 3.75%

    For 2019, Coast 2 Coast Funding Group's most frequently cited loan duration was 30 Year, with 335 originations. The 2nd most popular length was 15 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 161 $61,505,000 $382,019
    $1k-2k 139 $56,925,000 $409,532
    $3k-4k 26 $5,600,000 $215,385
    $4k-5k 19 $3,805,000 $200,263
    $2k-3k 11 $3,105,000 $282,273

    Coast 2 Coast Funding Group's average total fees were $7,535, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 161 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 181 $66,805,000 $369,088
    3-4% 109 $39,865,000 $365,734
    5-6% 66 $24,270,000 $367,727

    During 2019, Coast 2 Coast Funding Group's average interest rate for loans was 4.58%, while their most frequently originated rate bucket for loans was 4-5%, with 181 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 173 $53,325,000 $308,237 $7,203 4.51%
    $400k-600k 118 $55,240,000 $468,136 $8,130 4.47%
    $100k-200k 40 $5,740,000 $143,500 $5,417 4.58%
    $600k-1MM 23 $15,435,000 $671,087 $8,483 4.84%
    $100,000 or less 1 $85,000 $85,000 $3,169 4.88%
    $1MM+ 1 $1,115,000 $1,115,000 $22,061 3.75%

    2019 saw Coast 2 Coast Funding Group place emphasis on $200k-400k loans with 173 originations, totaling $53,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 92 $37,690,000 $409,674 $7,184 4.50%
    $75k-100k 81 $29,605,000 $365,494 $8,380 4.51%
    $50k-75k 61 $16,745,000 $274,508 $7,934 4.57%
    $150k-250k 60 $29,280,000 $488,000 $6,467 4.49%
    $50k or less 40 $7,620,000 $190,500 $6,715 4.54%
    $250k+ 22 $10,000,000 $454,545 $7,368 4.68%

    Coast 2 Coast Funding Group lent most frequently to those with incomes in the $100k-150k range, with 92 originations. The second most popular income band? $75k-100k, with 81 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 66 $24,650,000 $373,485 $7,835 4.51%
    20-30% 65 $24,765,000 $381,000 $6,310 4.23%
    44% 30 $9,940,000 $331,333 $8,293 4.81%
    42% 18 $7,370,000 $409,444 $8,336 4.59%
    49% 17 $5,125,000 $301,471 $6,905 4.51%
    48% 17 $5,935,000 $349,118 $8,574 4.69%
    40% 16 $5,960,000 $372,500 $8,420 4.94%
    43% 16 $5,210,000 $325,625 $7,650 4.52%
    41% 16 $7,000,000 $437,500 $6,922 4.76%
    37% 13 $5,245,000 $403,462 $8,000 4.33%
    39% 13 $4,905,000 $377,308 $5,851 4.38%
    46% 12 $4,660,000 $388,333 $8,519 4.26%
    47% 12 $4,930,000 $410,833 $9,466 4.75%
    38% 11 $4,355,000 $395,909 $7,703 4.71%
    36% 11 $3,695,000 $335,909 $6,026 4.61%
    45% 11 $3,835,000 $348,636 $7,334 4.77%
    <20% 9 $2,245,000 $249,444 $4,448 4.44%
    >60% 1 $285,000 $285,000 $10,189 3.99%

    Coast 2 Coast Funding Group lent most frequently to those with DTI ratios of 30-36%, with 66 originations. The next most common DTI ratio? 20-30%, with 65 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 234 $84,510,000 $361,154 $7,595 4.50%
    Asian 76 $31,820,000 $418,684 $5,801 4.57%
    Black 45 $14,365,000 $319,222 $9,235 4.58%
    Native Hawaiian or Islander 1 $245,000 $245,000 $8,726 4.88%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    93.26%

    Coast 2 Coast Funding Group has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 356 $130,940,000 $367,809

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 356 $130,940,000 $367,809

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $7,905,000 $213,649 $6,377 4.45%
    40-60% 77 $25,745,000 $334,351 $7,560 4.29%
    60-80% 188 $76,680,000 $407,872 $7,597 4.58%
    80-100% 44 $19,410,000 $441,136 $7,915 4.77%
    Under 20% 10 $1,200,000 $120,000 $4,792 4.47%