Intercoastal Mortgage Company Rates, Fees & Info

FAIRFAX, VA

LEI: 549300BM4NS8HDJT3X28

Tax ID: 52-1597440

4.9 stars - out of 5 stars, based on 105 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Intercoastal Mortgage Company is a mid-sized mortgage company specializing in Home Purchase and Refi loans. Intercoastal Mortgage Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Baltimore, Charlotte, Myrtle Beach, and Wilmington among others. We have data for 149 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Intercoastal Mortgage Company 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. Intercoastal 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 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.

    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 6.83% 11/27/22
    30 Year Conventional Refi 6.67% 11/27/22
    30 Year Cash-out Refi 6.89% 11/27/22
    30 Year FHA Purchase 7.69% 11/27/22
    30 Year FHA Refi 7.27% 11/27/22
    30 Year VA Purchase 6.57% 11/27/22
    30 Year VA Refi 6.25% 11/27/22
    30 Year USDA Purchase 7.08% 11/27/22
    30 Year USDA Refi 6.61% 11/27/22
    15 Year Conventional Purchase 6.23% 11/27/22
    15 Year Conventional Refi 6.06% 11/27/22
    15 Year Cash-out Refi 6.06% 11/27/22
    15 Year VA Refi 6.18% 11/27/22
    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.


    Originations

    11,105

    Origination Dollar Volume (All Markets)

    $4,928,995,000
    Show all (17) awards

    Relative Rate

    Intercoastal Mortgage Company's average 30 year fixed mortgage rate was 2.94%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.21%.

    Relative Fees (Closing Costs)

    Intercoastal Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $5,495.

    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 $4,750.

    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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 7,289 $3,797,465,000 $520,986 $5,601 2.84%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 284 $114,100,000 $401,761 $5,283 2.94%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 330 $95,340,000 $288,909 $4,094 3.01%
    Outside of Metro Areas 235 $70,205,000 $298,745 $4,830 2.98%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 224 $61,810,000 $275,938 $3,566 3.02%
    WILMINGTON, NC (FHA|USDA|VA) 137 $49,605,000 $362,080 $4,338 3.03%
    MORGANTOWN, WV (FHA|USDA|VA) 204 $46,510,000 $227,990 $3,360 2.93%
    RICHMOND, VA (FHA|USDA|VA) 116 $39,300,000 $338,793 $4,554 2.90%
    RALEIGH-CARY, NC (FHA|USDA|VA) 142 $36,680,000 $258,310 $4,718 3.11%
    JACKSONVILLE, NC (FHA|USDA|VA) 133 $34,915,000 $262,519 $4,730 3.16%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 106 $31,270,000 $295,000 $3,952 2.94%
    ROANOKE, VA (FHA|USDA|VA) 116 $31,070,000 $267,845 $4,658 3.01%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 125 $29,355,000 $234,840 $4,000 3.06%
    Clarksburg, WV (FHA|USDA|VA) 128 $28,620,000 $223,594 $3,879 3.02%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 74 $27,170,000 $367,162 $6,155 2.90%
    SALISBURY, MD-DE (FHA|USDA|VA) 63 $26,315,000 $417,698 $5,851 2.90%
    Fairmont, WV (FHA|USDA|VA) 135 $24,325,000 $180,185 $3,587 2.93%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 68 $23,930,000 $351,912 $5,725 2.99%
    WINCHESTER, VA-WV (FHA|USDA|VA) 63 $19,145,000 $303,889 $5,655 2.90%
    WINSTON-SALEM, NC (FHA|USDA|VA) 72 $18,820,000 $261,389 $4,501 2.98%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 76 $16,920,000 $222,632 $5,277 2.99%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 40 $15,070,000 $376,750 $6,010 3.06%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 51 $14,985,000 $293,824 $3,729 3.01%
    COLUMBIA, SC (FHA|USDA|VA) 44 $14,010,000 $318,409 $4,470 2.94%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 45 $12,135,000 $269,667 $6,122 3.03%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 31 $12,035,000 $388,226 $5,628 2.88%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 27 $10,765,000 $398,704 $6,002 2.90%
    FAYETTEVILLE, NC (FHA|USDA|VA) 43 $10,415,000 $242,209 $4,157 3.06%
    Kill Devil Hills, NC (FHA|USDA|VA) 22 $10,150,000 $461,364 $5,959 3.07%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 24 $8,290,000 $345,417 $4,942 2.89%
    COLUMBUS, OH (FHA|USDA|VA) 29 $7,595,000 $261,897 $5,786 2.82%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 24 $6,950,000 $289,583 $4,490 2.96%
    PITTSBURGH, PA (FHA|USDA|VA) 24 $6,870,000 $286,250 $4,550 2.84%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 18 $6,140,000 $341,111 $4,754 2.86%
    JACKSONVILLE, FL (FHA|USDA|VA) 17 $6,105,000 $359,118 $5,985 2.90%
    SAVANNAH, GA (FHA|USDA|VA) 14 $5,780,000 $412,857 $8,426 3.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 19 $5,735,000 $301,842 $6,139 3.06%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 18 $5,670,000 $315,000 $4,927 3.10%
    ASHEVILLE, NC (FHA|USDA|VA) 15 $5,335,000 $355,667 $4,177 2.95%
    Morehead City, NC (FHA|USDA|VA) 13 $5,285,000 $406,538 $7,334 2.67%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 14 $5,260,000 $375,714 $5,002 2.84%
    Mount Airy, NC (FHA|USDA|VA) 16 $4,780,000 $298,750 $5,017 2.90%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 10 $4,700,000 $470,000 $5,436 3.01%
    ROCKY MOUNT, NC (FHA|USDA|VA) 18 $4,590,000 $255,000 $4,829 3.09%
    LYNCHBURG, VA (FHA|USDA|VA) 20 $4,370,000 $218,500 $4,130 3.28%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 9 $4,145,000 $460,556 $7,058 2.87%
    Lumberton, NC (FHA|USDA|VA) 14 $3,760,000 $268,571 $4,656 3.04%
    Sanford, NC (FHA|USDA|VA) 15 $3,615,000 $241,000 $4,352 3.01%
    NEW BERN, NC (FHA|USDA|VA) 12 $3,430,000 $285,833 $5,604 2.87%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 11 $3,405,000 $309,545 $4,997 2.93%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 11 $3,265,000 $296,818 $4,971 2.91%
    BURLINGTON, NC (FHA|USDA|VA) 13 $3,185,000 $245,000 $4,028 3.29%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 14 $3,120,000 $222,857 $3,587 3.17%
    CHARLESTON, WV (FHA|USDA|VA) 13 $3,055,000 $235,000 $3,919 3.00%
    Easton, MD (FHA|USDA|VA) 7 $3,025,000 $432,143 $4,355 3.02%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 7 $2,715,000 $387,857 $5,466 3.02%
    North Wilkesboro, NC (FHA|USDA|VA) 11 $2,705,000 $245,909 $7,084 3.10%
    Shelby, NC (FHA|USDA|VA) 7 $2,655,000 $379,286 $8,677 3.12%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $2,635,000 $527,000 $6,019 2.78%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $2,600,000 $433,333 $5,617 2.81%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 10 $2,360,000 $236,000 $4,475 2.94%
    Roanoke Rapids, NC (FHA|USDA|VA) 2 $2,240,000 $1,120,000 $11,512 3.31%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 7 $2,115,000 $302,143 $6,525 2.87%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $1,990,000 $331,667 $3,647 3.02%
    GOLDSBORO, NC (FHA|USDA|VA) 9 $1,845,000 $205,000 $5,328 3.04%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $1,800,000 $300,000 $4,551 3.02%
    Boone, NC (FHA|USDA|VA) 7 $1,755,000 $250,714 $3,232 2.70%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $1,705,000 $341,000 $6,107 3.05%
    Albemarle, NC (FHA|USDA|VA) 6 $1,640,000 $273,333 $3,472 2.94%
    GREENVILLE, NC (FHA|USDA|VA) 7 $1,555,000 $222,143 $2,919 2.94%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $1,535,000 $1,535,000 $38,591 2.88%
    BOULDER, CO (FHA|USDA|VA) 3 $1,505,000 $501,667 $4,494 2.88%
    Laurinburg, NC (FHA|USDA|VA) 6 $1,460,000 $243,333 $2,004 2.98%
    YORK-HANOVER, PA (FHA|USDA|VA) 7 $1,305,000 $186,429 $4,284 3.43%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $1,285,000 $428,333 $4,621 2.88%
    Henderson, NC (FHA|USDA|VA) 5 $1,225,000 $245,000 $3,586 3.04%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $1,210,000 $605,000 $7,640 3.38%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $1,145,000 $229,000 $4,544 2.85%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 6 $1,130,000 $188,333 $3,752 3.01%
    READING, PA (FHA|USDA|VA) 3 $1,125,000 $375,000 $4,862 2.87%
    HARRISONBURG, VA (FHA|USDA|VA) 5 $1,105,000 $221,000 $4,093 2.83%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $980,000 $245,000 $4,635 3.15%
    Washington, NC (FHA|USDA|VA) 3 $975,000 $325,000 $3,169 3.42%
    Rockingham, NC (FHA|USDA|VA) 5 $965,000 $193,000 $3,371 3.00%
    Elizabeth City, NC (FHA|USDA|VA) 3 $955,000 $318,333 $3,743 3.25%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $900,000 $450,000 $4,268 3.13%
    GETTYSBURG, PA (FHA|USDA|VA) 4 $890,000 $222,500 $3,874 3.09%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $870,000 $435,000 $4,243 2.63%
    WHEELING, WV-OH (FHA|USDA|VA) 4 $860,000 $215,000 $2,944 2.74%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $845,000 $281,667 $6,629 2.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $830,000 $415,000 $5,881 2.69%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $805,000 $268,333 $3,967 2.98%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $775,000 $258,333 $8,403 3.00%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 3 $755,000 $251,667 $3,397 3.25%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $740,000 $370,000 $5,353 2.25%
    PUEBLO, CO (FHA|USDA|VA) 2 $720,000 $360,000 $3,122 2.88%
    Georgetown, SC (FHA|USDA|VA) 2 $690,000 $345,000 $5,869 2.88%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $690,000 $345,000 $5,949 3.88%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $690,000 $345,000 $3,439 2.69%
    Cañon City, CO (FHA|USDA|VA) 1 $665,000 $665,000 $4,236 3.25%
    Sevierville, TN (FHA|USDA|VA) 2 $650,000 $325,000 $5,380 2.87%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $620,000 $310,000 $2,941 2.75%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $610,000 $305,000 $5,450 3.00%
    LANCASTER, PA (FHA|USDA|VA) 1 $595,000 $595,000 $7,000 2.88%
    Paris, TN (FHA|USDA|VA) 2 $590,000 $295,000 $3,277 3.38%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $580,000 $290,000 $6,490 2.81%
    Kinston, NC (FHA|USDA|VA) 2 $550,000 $275,000 $0 2.88%
    Key West, FL (FHA|USDA|VA) 1 $545,000 $545,000 $5,999 2.75%
    Lewisburg, TN (FHA|USDA|VA) 1 $545,000 $545,000 $6,271 2.75%
    OCALA, FL (FHA|USDA|VA) 2 $530,000 $265,000 $3,810 2.88%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $530,000 $265,000 $3,868 3.00%
    Marietta, OH (FHA|USDA|VA) 3 $515,000 $171,667 $3,728 2.58%
    Cullowhee, NC (FHA|USDA|VA) 1 $495,000 $495,000 $9,095 2.88%
    STAUNTON, VA (FHA|USDA|VA) 2 $470,000 $235,000 $4,512 2.56%
    Statesboro, GA (FHA|USDA|VA) 2 $460,000 $230,000 $7,201 3.18%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 2 $460,000 $230,000 $5,881 3.75%
    FLORENCE, SC (FHA|USDA|VA) 2 $450,000 $225,000 $6,558 3.13%
    SUMTER, SC (FHA|USDA|VA) 2 $450,000 $225,000 $2,249 2.85%
    Gaffney, SC (FHA|USDA|VA) 2 $440,000 $220,000 $3,325 3.19%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $410,000 $205,000 $3,227 3.23%
    Marion, NC (FHA|USDA|VA) 2 $400,000 $200,000 $2,670 2.19%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $395,000 $395,000 $6,166 2.50%
    Elkins, WV (FHA|USDA|VA) 2 $370,000 $185,000 $2,925 3.06%
    Forest City, NC (FHA|USDA|VA) 2 $360,000 $180,000 $2,188 2.94%
    AKRON, OH (FHA|USDA|VA) 2 $340,000 $170,000 $3,247 3.06%
    HINESVILLE, GA (FHA|USDA|VA) 1 $315,000 $315,000 $0 2.50%
    Cambridge, MD (FHA|USDA|VA) 1 $315,000 $315,000 $4,191 2.99%
    GREELEY, CO (FHA|USDA|VA) 1 $305,000 $305,000 $3,911 2.38%
    Wilson, NC (FHA|USDA|VA) 2 $290,000 $145,000 $3,446 3.25%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $285,000 $285,000 $3,897 2.98%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $275,000 $275,000 $5,381 3.88%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $265,000 $265,000 $4,007 3.38%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $255,000 $255,000 $2,501 2.88%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $235,000 $235,000 $6,415 3.63%
    BECKLEY, WV (FHA|USDA|VA) 1 $225,000 $225,000 $1,827 2.25%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $195,000 $195,000 $2,528 2.25%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $4,012 3.75%
    Bennettsville, SC (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.25%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.88%
    Palatka, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,266 2.25%
    Orangeburg, SC (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.88%
    Greenwood, SC (FHA|USDA|VA) 1 $155,000 $155,000 $3,428 2.88%
    Huntingdon, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,377 3.00%
    Somerset, PA (FHA|USDA|VA) 1 $145,000 $145,000 $5,589 3.63%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $145,000 $145,000 $4,258 3.13%
    Danville, VA (FHA|USDA|VA) 1 $125,000 $125,000 $3,204 3.25%
    ERIE, PA (FHA|USDA|VA) 1 $105,000 $105,000 $4,556 2.63%
    Seneca, SC (FHA|USDA|VA) 1 $105,000 $105,000 $2,887 3.88%
    Pottsville, PA (FHA|USDA|VA) 1 $55,000 $55,000 $2,980 3.25%
    Intercoastal Mortgage Company's top markets include Washington, Baltimore, Charlotte, Myrtle Beach, and Wilmington among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)

    • Similar Lenders

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

    FAIRMONT
    Similarity Rank: 9
    CENTRAL VIRGINIA
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    DADE COUNTY FEDERAL CREDIT UNION
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    TRI BORO
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    Louviers Federal Credit Union
    Similarity Rank: 410
    WELCOME HOME FINANCE, L.P.
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    HENRICO Federal Credit Union
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    BHCU
    Similarity Rank: 504
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 524
    Piedmont Federal Savings Bank
    Similarity Rank: 533

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 9,390 $4,173,500,000 $444,462 $4,613 2.92%
    VA 1,095 $579,915,000 $529,603 $9,197 2.62%
    FHA 555 $163,125,000 $293,919 $8,961 2.99%
    USDA 65 $12,455,000 $191,615 $5,299 2.91%

    For 2021, Intercoastal Mortgage Company's most frequently originated type of loan was Conventional, with 9,390 originations. Their 2nd most popular type was VA, with 1,095 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 6,130 $2,811,920,000 $458,715 $6,363 2.97%
    Refi 3,788 $1,646,250,000 $434,596 $3,850 2.73%
    Cash Out Refi 1,173 $467,125,000 $398,231 $4,505 2.98%
    Home Improvement 13 $3,315,000 $255,000 $3,904 3.01%
    NA 1 $385,000 $385,000 $6,614 2.98%

    For 2021, Intercoastal Mortgage Company's most frequently cited loan purpose was Home Purchase, with 6,130 originations. The 2nd most popular reason was Refi, with 3,788 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 9,996 $4,575,080,000 $457,691 $5,495 2.94%
    15 Year 871 $276,625,000 $317,595 $3,279 2.42%
    20 Year 196 $64,930,000 $331,276 $3,408 2.71%
    10 Year 20 $4,350,000 $217,500 $2,953 2.40%
    Other 19 $6,435,000 $338,684 $3,990 3.05%
    1 Year 2 $1,390,000 $695,000 $0 4.50%
    30+ year 1 $185,000 $185,000 $0 4.88%

    For 2021, Intercoastal Mortgage Company's most frequently cited loan duration was 30 Year, with 9,996 originations. The 2nd most popular length was 15 Year, with 871 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 7,614 $3,404,800,000 $447,176
    $<1k 1,506 $432,460,000 $287,158
    $2k-3k 810 $376,400,000 $464,691
    $3k-4k 466 $251,460,000 $539,614
    $5k+ 452 $328,480,000 $726,726
    $4k-5k 253 $135,275,000 $534,684

    Intercoastal Mortgage Company's average total fees were $5,495, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 7,614 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 5,887 $2,825,835,000 $480,013
    3-4% 3,125 $1,184,215,000 $378,949
    <2.5% 2,035 $901,015,000 $442,759
    4-5% 56 $16,550,000 $295,536
    5-6% 2 $1,380,000 $690,000

    During 2021, Intercoastal Mortgage Company's average interest rate for loans was 2.94%, while their most frequently originated rate bucket for loans was 2.5-3%, with 5,887 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,137 $1,237,725,000 $299,184 $4,316 2.89%
    $400k-600k 3,077 $1,518,795,000 $493,596 $5,327 2.84%
    $600k-1MM 1,969 $1,447,615,000 $735,203 $7,462 2.86%
    $100k-200k 1,334 $209,620,000 $157,136 $3,566 3.03%
    $1MM+ 400 $502,080,000 $1,255,200 $10,438 2.82%
    $100,000 or less 188 $13,160,000 $70,000 $2,747 3.16%

    2021 saw Intercoastal Mortgage Company place emphasis on $200k-400k loans with 4,137 originations, totaling $1,237,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 3,009 $1,560,615,000 $518,649 $5,534 2.87%
    $100k-150k 2,587 $1,064,065,000 $411,312 $5,274 2.91%
    $250k+ 1,630 $1,159,510,000 $711,356 $6,398 2.86%
    $75k-100k 1,565 $516,975,000 $330,335 $4,822 2.93%
    $50k-75k 1,294 $334,950,000 $258,849 $4,579 2.97%
    $50k or less 604 $107,240,000 $177,550 $4,185 3.02%

    Intercoastal Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 3,009 originations. The second most popular income band? $100k-150k, with 2,587 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,766 $1,227,710,000 $443,858 $4,788 2.87%
    30-36% 2,191 $990,375,000 $452,020 $5,177 2.92%
    <20% 1,117 $477,025,000 $427,059 $4,304 2.80%
    39% 402 $185,290,000 $460,920 $5,826 2.96%
    36% 400 $183,100,000 $457,750 $5,203 2.90%
    41% 385 $173,535,000 $450,740 $5,293 2.97%
    37% 382 $178,120,000 $466,283 $5,424 2.93%
    42% 379 $173,085,000 $456,689 $6,059 2.95%
    43% 374 $147,650,000 $394,786 $5,325 3.00%
    44% 365 $147,665,000 $404,562 $5,987 2.98%
    40% 360 $165,960,000 $461,000 $5,904 2.97%
    38% 358 $173,660,000 $485,084 $5,890 2.94%
    45% 268 $109,550,000 $408,769 $5,675 2.97%
    48% 218 $88,000,000 $403,670 $6,285 2.95%
    49% 212 $90,620,000 $427,453 $5,572 2.92%
    46% 210 $87,300,000 $415,714 $5,633 2.98%
    47% 202 $84,010,000 $415,891 $5,978 2.94%
    50-60% 171 $82,905,000 $484,825 $10,612 2.81%
    >60% 10 $6,370,000 $637,000 $10,051 3.94%

    Intercoastal Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 2,766 originations. The next most common DTI ratio? 30-36%, with 2,191 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,443 $2,786,385,000 $432,467 $5,134 2.90%
    Not provided 3,381 $1,578,095,000 $466,754 $5,446 2.88%
    Asian 584 $275,670,000 $472,038 $5,074 2.84%
    Black 558 $221,270,000 $396,541 $5,999 2.96%
    Asian Indian 63 $37,355,000 $592,937 $6,086 2.85%
    American Indian 44 $17,200,000 $390,909 $5,694 2.91%
    Other Asian 15 $7,025,000 $468,333 $5,472 2.86%
    Native Hawaiian or Islander 8 $1,820,000 $227,500 $4,259 2.97%
    Chinese 3 $1,505,000 $501,667 $4,844 2.86%
    Korean 2 $930,000 $465,000 $4,548 2.87%
    Other Pacific Islander 2 $860,000 $430,000 $8,771 3.13%
    Japanese 1 $625,000 $625,000 $5,529 2.38%
    Filipino 1 $255,000 $255,000 $3,780 2.38%

    Approval Rates

    Total approvals of all applications
    99.01%

    Intercoastal Mortgage Company 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
    79.72%

    Intercoastal Mortgage Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 11,105 $4,928,995,000 $443,854

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    11,105 $4,928,995,000 $443,854

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 381 $107,045,000 $280,958 $3,507 2.71%
    40-60% 1,448 $593,550,000 $409,910 $3,824 2.76%
    60-80% 3,825 $1,814,085,000 $474,271 $4,645 2.94%
    80-100% 4,414 $1,992,140,000 $451,323 $6,154 2.95%
    Over 100% 187 $98,865,000 $528,690 $19,492 2.72%
    Under 20% 65 $7,825,000 $120,385 $2,051 2.90%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Intercoastal Mortgage LLC Other type of mortgage Closing on a mortgage 1 100.0%