Intercoastal Mortgage Company Rates, Fees & Info

FAIRFAX, VA

LEI: 549300BM4NS8HDJT3X28

Tax ID: 52-1597440

3 stars - Updated: 2/19/24 - out of 5 stars, based on 68 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Intercoastal Mortgage Company is a small mortgage company specializing in Home Purchase loans. Intercoastal Mortgage Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Charlotte, Baltimore, Myrtle Beach, and Wilmington among others. We have data for 133 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 a high 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 6.38% 2/19/24
30 Year Conventional Refi 6.44% 2/19/24
30 Year Cash-out Refi 6.59% 2/19/24
30 Year FHA Purchase 7.07% 2/19/24
30 Year FHA Refi 7.06% 2/19/24
30 Year VA Purchase 6.10% 2/19/24
30 Year VA Refi 5.86% 2/19/24
30 Year USDA Purchase 6.75% 2/19/24
15 Year Conventional Purchase 6.00% 2/19/24
15 Year Conventional Refi 5.83% 2/19/24
15 Year Cash-out Refi 5.83% 2/19/24
15 Year VA Purchase 4.46% 2/19/24
15 Year VA Refi 5.68% 2/19/24
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.

Intercoastal Mortgage Company Mortgage Calculator






Your Estimates

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

This is not an official calculator from Intercoastal 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

4,663

Origination Dollar Volume (All Markets)

$2,190,125,000
Show all (17) awards

Relative Rate

Intercoastal Mortgage Company's average 30 year fixed mortgage rate was 4.59%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.17%.

Relative Fees (Closing Costs)

Intercoastal Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $9,009.

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) 2,450 $1,443,160,000 $589,045 $10,135 4.39%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 184 $64,390,000 $349,946 $7,904 4.65%
Outside of Metro Areas 157 $50,925,000 $324,363 $7,404 4.83%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 104 $47,260,000 $454,423 $9,000 4.77%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 142 $43,660,000 $307,465 $5,405 4.82%
WILMINGTON, NC (FHA|USDA|VA) 83 $35,215,000 $424,277 $6,935 4.62%
JACKSONVILLE, NC (FHA|USDA|VA) 92 $29,510,000 $320,761 $6,868 4.88%
RALEIGH-CARY, NC (FHA|USDA|VA) 83 $27,305,000 $328,976 $7,725 5.05%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 62 $23,500,000 $379,032 $7,078 4.59%
MORGANTOWN, WV (FHA|USDA|VA) 91 $22,045,000 $242,253 $5,025 4.74%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 60 $21,410,000 $356,833 $8,287 4.79%
RICHMOND, VA (FHA|USDA|VA) 55 $20,925,000 $380,455 $7,622 4.55%
ROANOKE, VA (FHA|USDA|VA) 72 $17,720,000 $246,111 $5,697 4.53%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 63 $17,405,000 $276,270 $6,391 4.72%
WINSTON-SALEM, NC (FHA|USDA|VA) 46 $14,830,000 $322,391 $8,118 4.46%
COLUMBIA, SC (FHA|USDA|VA) 37 $14,445,000 $390,405 $7,088 4.88%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 19 $13,865,000 $729,737 $12,608 4.32%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 31 $13,415,000 $432,742 $10,069 4.29%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 47 $13,135,000 $279,468 $5,827 4.68%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 30 $12,420,000 $414,000 $8,435 4.52%
Clarksburg, WV (FHA|USDA|VA) 49 $11,335,000 $231,327 $5,430 4.69%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 33 $10,845,000 $328,636 $9,066 5.42%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 38 $10,730,000 $282,368 $8,099 4.60%
FAYETTEVILLE, NC (FHA|USDA|VA) 36 $9,570,000 $265,833 $6,134 5.09%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 23 $8,695,000 $378,043 $8,588 5.12%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 23 $8,605,000 $374,130 $9,407 4.94%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 18 $8,200,000 $455,556 $10,927 4.35%
SALISBURY, MD-DE (FHA|USDA|VA) 17 $6,335,000 $372,647 $9,002 3.83%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 13 $6,305,000 $485,000 $7,744 4.49%
BURLINGTON, NC (FHA|USDA|VA) 16 $6,280,000 $392,500 $8,546 5.17%
WINCHESTER, VA-WV (FHA|USDA|VA) 16 $5,570,000 $348,125 $9,091 5.15%
COLUMBUS, OH (FHA|USDA|VA) 15 $5,205,000 $347,000 $8,427 4.90%
ROCKY MOUNT, NC (FHA|USDA|VA) 21 $5,175,000 $246,429 $7,532 4.91%
Morehead City, NC (FHA|USDA|VA) 12 $4,870,000 $405,833 $5,463 4.23%
Lumberton, NC (FHA|USDA|VA) 18 $4,730,000 $262,778 $7,292 5.35%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 11 $4,505,000 $409,545 $7,994 4.24%
SAVANNAH, GA (FHA|USDA|VA) 10 $4,390,000 $439,000 $8,247 4.79%
Kill Devil Hills, NC (FHA|USDA|VA) 6 $4,250,000 $708,333 $10,543 4.54%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $3,850,000 $481,250 $11,482 4.56%
Sanford, NC (FHA|USDA|VA) 12 $3,730,000 $310,833 $6,465 5.20%
PITTSBURGH, PA (FHA|USDA|VA) 9 $3,705,000 $411,667 $7,521 4.58%
Mount Airy, NC (FHA|USDA|VA) 15 $3,665,000 $244,333 $6,277 4.55%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 7 $3,575,000 $510,714 $13,792 3.98%
NEW BERN, NC (FHA|USDA|VA) 14 $3,450,000 $246,429 $5,717 4.36%
Wilson, NC (FHA|USDA|VA) 14 $3,110,000 $222,143 $8,007 5.16%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $2,965,000 $423,571 $9,443 5.27%
Fairmont, WV (FHA|USDA|VA) 21 $2,955,000 $140,714 $3,976 4.74%
North Wilkesboro, NC (FHA|USDA|VA) 11 $2,905,000 $264,091 $8,412 4.62%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 7 $2,735,000 $390,714 $8,568 4.28%
LYNCHBURG, VA (FHA|USDA|VA) 8 $2,550,000 $318,750 $6,059 4.23%
SPARTANBURG, SC (FHA|USDA|VA) 6 $2,510,000 $418,333 $9,043 5.31%
Easton, MD (FHA|USDA|VA) 5 $2,335,000 $467,000 $8,532 4.04%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5 $2,325,000 $465,000 $10,026 3.98%
Laurinburg, NC (FHA|USDA|VA) 9 $2,305,000 $256,111 $5,769 5.77%
GOLDSBORO, NC (FHA|USDA|VA) 9 $2,285,000 $253,889 $6,238 4.85%
FLORENCE, SC (FHA|USDA|VA) 8 $2,280,000 $285,000 $5,358 6.10%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 5 $2,245,000 $449,000 $7,078 3.93%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $2,220,000 $555,000 $12,258 4.78%
Rockingham, NC (FHA|USDA|VA) 8 $2,170,000 $271,250 $6,553 4.98%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 7 $2,105,000 $300,714 $6,917 4.93%
Roanoke Rapids, NC (FHA|USDA|VA) 9 $2,075,000 $230,556 $7,227 5.00%
ASHEVILLE, NC (FHA|USDA|VA) 5 $2,075,000 $415,000 $10,511 5.85%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $2,045,000 $409,000 $5,999 4.88%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,985,000 $397,000 $11,992 5.92%
PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $1,750,000 $291,667 $6,038 4.69%
Albemarle, NC (FHA|USDA|VA) 6 $1,740,000 $290,000 $7,023 4.97%
Boone, NC (FHA|USDA|VA) 5 $1,725,000 $345,000 $5,881 5.10%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,695,000 $1,695,000 $10,081 3.00%
St. Marys, GA (FHA|USDA|VA) 4 $1,600,000 $400,000 $5,017 5.37%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $1,555,000 $518,333 $7,933 4.16%
Kinston, NC (FHA|USDA|VA) 7 $1,545,000 $220,714 $5,428 5.21%
GREENVILLE, NC (FHA|USDA|VA) 6 $1,540,000 $256,667 $3,054 4.10%
Henderson, NC (FHA|USDA|VA) 7 $1,525,000 $217,857 $6,175 5.04%
SUMTER, SC (FHA|USDA|VA) 5 $1,455,000 $291,000 $4,652 5.78%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 7 $1,325,000 $189,286 $4,146 4.34%
BRUNSWICK, GA (FHA|USDA|VA) 4 $1,320,000 $330,000 $6,170 5.13%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $1,195,000 $398,333 $7,868 5.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $1,165,000 $388,333 $12,912 5.08%
Sevierville, TN (FHA|USDA|VA) 2 $1,150,000 $575,000 $12,681 5.87%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $1,125,000 $375,000 $4,872 5.42%
Forest City, NC (FHA|USDA|VA) 5 $1,115,000 $223,000 $2,892 4.35%
Washington, NC (FHA|USDA|VA) 5 $1,015,000 $203,000 $0 4.20%
HARRISONBURG, VA (FHA|USDA|VA) 3 $975,000 $325,000 $7,331 5.21%
THE VILLAGES, FL (FHA|USDA|VA) 2 $920,000 $460,000 $8,097 5.13%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $875,000 $291,667 $6,038 3.71%
Shelby, NC (FHA|USDA|VA) 3 $875,000 $291,667 $6,401 4.88%
LANCASTER, PA (FHA|USDA|VA) 1 $765,000 $765,000 $8,379 2.88%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $710,000 $355,000 $4,972 4.06%
Bennettsville, SC (FHA|USDA|VA) 3 $685,000 $228,333 $7,829 5.38%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $660,000 $330,000 $6,149 5.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $650,000 $325,000 $6,955 5.49%
DOVER, DE (FHA|USDA|VA) 2 $640,000 $320,000 $9,249 3.94%
Elkins, WV (FHA|USDA|VA) 3 $635,000 $211,667 $4,856 3.54%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $635,000 $635,000 $4,409 2.75%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $605,000 $605,000 $5,017 4.88%
GREELEY, CO (FHA|USDA|VA) 1 $585,000 $585,000 $13,142 5.13%
Durango, CO (FHA|USDA|VA) 1 $575,000 $575,000 $7,728 4.13%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $575,000 $575,000 $13,222 3.50%
Danville, VA (FHA|USDA|VA) 2 $530,000 $265,000 $4,776 4.38%
ERIE, PA (FHA|USDA|VA) 1 $525,000 $525,000 $5,353 5.88%
Gaffney, SC (FHA|USDA|VA) 2 $510,000 $255,000 $4,759 4.94%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $500,000 $250,000 $5,447 5.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $495,000 $495,000 $10,913 3.75%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 3 $445,000 $148,333 $3,359 4.95%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $435,000 $435,000 $9,388 3.88%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $430,000 $215,000 $3,705 3.75%
Montrose, CO (FHA|USDA|VA) 1 $425,000 $425,000 $4,259 3.88%
Newberry, SC (FHA|USDA|VA) 1 $415,000 $415,000 $16,818 3.38%
Georgetown, SC (FHA|USDA|VA) 1 $395,000 $395,000 $9,156 3.88%
Zanesville, OH (FHA|USDA|VA) 1 $385,000 $385,000 $5,026 3.88%
Orangeburg, SC (FHA|USDA|VA) 1 $375,000 $375,000 $0 7.13%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $365,000 $365,000 $7,308 4.88%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $365,000 $365,000 $9,502 6.13%
WHEELING, WV-OH (FHA|USDA|VA) 2 $350,000 $175,000 $3,924 3.94%
JACKSON, TN (FHA|USDA|VA) 1 $345,000 $345,000 $4,270 5.50%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $305,000 $305,000 $8,152 3.50%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $295,000 $295,000 $11,940 5.63%
CHARLESTON, WV (FHA|USDA|VA) 3 $295,000 $98,333 $3,147 4.21%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $285,000 $285,000 $12,950 5.38%
STAUNTON, VA (FHA|USDA|VA) 1 $255,000 $255,000 $12,236 5.88%
ALTOONA, PA (FHA|USDA|VA) 1 $255,000 $255,000 $3,777 3.99%
PANAMA CITY, FL (FHA|USDA|VA) 1 $245,000 $245,000 $7,188 5.38%
Pottsville, PA (FHA|USDA|VA) 1 $205,000 $205,000 $4,132 5.50%
Indiana, PA (FHA|USDA|VA) 1 $185,000 $185,000 $6,693 3.50%
Elizabeth City, NC (FHA|USDA|VA) 1 $175,000 $175,000 $6,590 3.50%
Ashtabula, OH (FHA|USDA|VA) 1 $175,000 $175,000 $4,415 6.62%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $175,000 $175,000 $6,106 4.00%
KNOXVILLE, TN (FHA|USDA|VA) 1 $145,000 $145,000 $2,981 4.49%
Seneca, SC (FHA|USDA|VA) 1 $145,000 $145,000 $2,807 4.25%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $145,000 $145,000 $4,732 6.62%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $145,000 $145,000 $6,040 7.63%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $115,000 $115,000 $5,381 4.38%
Marion, NC (FHA|USDA|VA) 1 $95,000 $95,000 $2,451 3.88%
Intercoastal Mortgage Company's top markets include Washington, Charlotte, Baltimore, Myrtle Beach, and Wilmington among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,695 $1,778,525,000 $481,333 $8,044 4.54%
    VA 524 $270,450,000 $516,126 $13,319 4.51%
    FHA 415 $134,475,000 $324,036 $11,055 4.90%
    USDA 29 $6,675,000 $230,172 $6,116 4.06%

    For 2022, Intercoastal Mortgage Company's most frequently originated type of loan was Conventional, with 3,695 originations. Their 2nd most popular type was VA, with 524 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,281 $2,009,965,000 $469,508 $9,095 4.62%
    Cash Out Refi 229 $108,085,000 $471,987 $7,603 4.00%
    Refi 152 $71,980,000 $473,553 $5,858 3.75%
    Home Improvement 1 $95,000 $95,000 $4,730 3.75%

    For 2022, Intercoastal Mortgage Company's most frequently cited loan purpose was Home Purchase, with 4,281 originations. The 2nd most popular reason was Cash Out Refi, with 229 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,525 $2,145,745,000 $474,198 $9,009 4.59%
    15 Year 116 $37,440,000 $322,759 $5,514 3.71%
    20 Year 20 $6,530,000 $326,500 $3,751 4.37%
    10 Year 2 $410,000 $205,000 $2,750 4.37%

    For 2022, Intercoastal Mortgage Company's most frequently cited loan duration was 30 Year, with 4,525 originations. The 2nd most popular length was 15 Year, with 116 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,470 $919,590,000 $625,571
    $1k-2k 1,446 $629,430,000 $435,290
    $2k-3k 487 $181,575,000 $372,844
    $3k-4k 457 $186,025,000 $407,057
    $<1k 433 $128,905,000 $297,702
    $4k-5k 364 $143,060,000 $393,022

    Intercoastal Mortgage Company's average total fees were $9,009, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,470 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,663 $841,295,000 $505,890
    4-5% 1,208 $593,480,000 $491,291
    5-6% 1,066 $421,370,000 $395,281
    6-7% 419 $160,415,000 $382,852
    2.5-3% 211 $134,645,000 $638,128
    7-8% 69 $21,125,000 $306,159
    <2.5% 26 $17,020,000 $654,615
    Over 8% 1 $775,000 $775,000

    During 2022, Intercoastal Mortgage Company's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 3-4%, with 1,663 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,750 $518,390,000 $296,223 $6,762 4.75%
    $400k-600k 1,143 $560,865,000 $490,696 $9,212 4.53%
    $600k-1MM 983 $734,675,000 $747,380 $12,164 4.32%
    $100k-200k 494 $78,860,000 $159,636 $4,765 4.76%
    $1MM+ 223 $292,575,000 $1,311,996 $18,556 3.79%
    $100,000 or less 70 $4,760,000 $68,000 $3,085 4.93%

    2022 saw Intercoastal Mortgage Company place emphasis on $200k-400k loans with 1,750 originations, totaling $518,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,245 $692,245,000 $556,020 $10,027 4.55%
    $100k-150k 1,096 $455,530,000 $415,630 $8,507 4.67%
    $250k+ 822 $637,250,000 $775,243 $11,936 4.30%
    $75k-100k 686 $218,780,000 $318,921 $7,121 4.70%
    $50k-75k 597 $147,635,000 $247,295 $6,062 4.58%
    $50k or less 212 $36,510,000 $172,217 $5,080 4.67%

    Intercoastal Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 1,245 originations. The second most popular income band? $100k-150k, with 1,096 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,016 $486,970,000 $479,301 $8,408 4.43%
    30-36% 913 $440,925,000 $482,941 $8,415 4.52%
    <20% 263 $113,105,000 $430,057 $7,629 4.27%
    42% 217 $117,695,000 $542,373 $10,190 4.76%
    40% 211 $92,235,000 $437,133 $8,430 4.59%
    41% 207 $101,465,000 $490,169 $9,242 4.59%
    38% 193 $94,275,000 $488,472 $8,799 4.39%
    37% 179 $83,685,000 $467,514 $8,278 4.56%
    36% 179 $86,145,000 $481,257 $8,543 4.66%
    50-60% 177 $78,685,000 $444,548 $12,790 4.82%
    39% 173 $89,185,000 $515,520 $8,832 4.49%
    44% 160 $72,620,000 $453,875 $9,500 4.64%
    43% 140 $58,050,000 $414,643 $9,448 4.78%
    46% 133 $59,555,000 $447,782 $9,548 4.70%
    49% 132 $60,100,000 $455,303 $11,608 4.88%
    47% 127 $52,615,000 $414,291 $8,675 4.88%
    45% 123 $54,075,000 $439,634 $8,979 4.73%
    48% 109 $44,615,000 $409,312 $8,523 4.81%
    >60% 4 $1,000,000 $250,000 $7,591 5.28%

    Intercoastal Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 1,016 originations. The next most common DTI ratio? 30-36%, with 913 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,428 $1,120,440,000 $461,466 $8,567 4.54%
    Not provided 1,661 $783,805,000 $471,887 $9,203 4.58%
    Asian 218 $128,140,000 $587,798 $9,617 4.39%
    Black 288 $119,540,000 $415,069 $9,402 4.79%
    Asian Indian 32 $22,050,000 $689,063 $12,663 4.54%
    American Indian 22 $9,270,000 $421,364 $6,982 4.92%
    Other Asian 7 $3,865,000 $552,143 $9,173 4.36%
    Filipino 2 $1,080,000 $540,000 $5,682 3.75%
    Native Hawaiian or Islander 2 $750,000 $375,000 $10,628 4.00%
    Korean 1 $635,000 $635,000 $4,538 4.00%
    Vietnamese 2 $550,000 $275,000 $6,194 5.91%

    Approval Rates

    Total approvals of all applications
    98.60%

    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
    69.93%

    Intercoastal 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 4,663 $2,190,125,000 $469,682

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,663 $2,190,125,000 $469,682

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 152 $46,060,000 $303,026 $5,719 4.46%
    40-60% 403 $160,815,000 $399,045 $6,896 4.50%
    60-80% 1,429 $736,365,000 $515,301 $8,904 4.47%
    80-100% 2,480 $1,162,900,000 $468,911 $8,872 4.65%
    Over 100% 118 $62,030,000 $525,678 $22,743 4.48%
    Under 20% 26 $2,080,000 $80,000 $2,361 4.86%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    INTERFIRST MORTGAGE COMPANY Conventional home mortgage Closing on a mortgage 1 100.0%