Intercoastal Mortgage Company Rates, Fees & Info
FAIRFAX, VALEI: 549300BM4NS8HDJT3X28
Tax ID: 52-1597440
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Mortgage Data
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 include Washington, Baltimore, Charlotte, Myrtle Beach, and Wilmington among others. Intercoastal Mortgage Company has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Intercoastal Mortgage Company is typically an average fee lendor.Originations
11,105Origination Dollar Volume (All Markets)
$4,928,995,000Awards
INTERCOASTAL MORTGAGE COMPANY - 2021
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Relative Rate
Intercoastal Mortgage Company's average 30 year fixed rate mortgage of loans were
2.94%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.21%.
Relative Fees
Intercoastal Mortgage Company's average total fees for a 30 year fixed rate
mortgage are $5,495.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| 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.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021 period, Intercoastal Mortgage Company's most frequently originated loan type of loans were Conventional, with 9,390 originations. Their 2nd most popular type is VA, with 1,095 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021, Intercoastal Mortgage Company's most frequently cited loan purpose of loans were Home Purchase, with 6,130 originations. The 2nd most popular reason of loans were 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 the 2021, Intercoastal Mortgage Company's most frequently cited loan length of loans were 30 Year, with 9,996 originations. The 2nd most popular length of loans were 15 Year, with 871 originations.
Origination Fees
| Origination Fee | 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 | 719 | $386,735,000 | $537,879 |
| $5k+ | 452 | $328,480,000 | $726,726 |
$5,495 of loans were Intercoastal Mortgage Company's average total fees, while their most frequently occuring range of origination fees 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 of loans were 2.94%, while their most frequently originated rate bucket of loans were 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 | 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 applications99.02%
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 origination83.12%
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% |
