Intercoastal Mortgage Company Rates, Fees & Info
FAIRFAX, VALEI: 549300BM4NS8HDJT3X28
Tax ID: 52-1597440
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Mortgage Data
Review & Overview
Intercoastal Mortgage Company is a smaller 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, Atlanta, Winchester, Baltimore, and Wilmington among others. We have data for 41 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.38% | 4/21/24 |
| 30 Year Conventional Refi | 6.44% | 4/21/24 |
| 30 Year Cash-out Refi | 6.59% | 4/21/24 |
| 30 Year FHA Purchase | 7.07% | 4/21/24 |
| 30 Year FHA Refi | 7.06% | 4/21/24 |
| 30 Year VA Purchase | 6.10% | 4/21/24 |
| 30 Year VA Refi | 5.86% | 4/21/24 |
| 30 Year USDA Purchase | 6.75% | 4/21/24 |
| 15 Year Conventional Purchase | 6.00% | 4/21/24 |
| 15 Year Conventional Refi | 5.83% | 4/21/24 |
| 15 Year Cash-out Refi | 5.83% | 4/21/24 |
| 15 Year VA Purchase | 4.46% | 4/21/24 |
| 15 Year VA Refi | 5.68% | 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. | ||
Intercoastal Mortgage Company Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,961Origination Dollar Volume (All Markets)
$842,495,000Awards
INTERCOASTAL MORTGAGE COMPANY - 2018
INTERCOASTAL MORTGAGE COMPANY is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 1,611 | $752,955,000 | $467,384 | $6,934 | 4.52% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 102 | $23,680,000 | $232,157 | $5,752 | 4.87% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 65 | $15,055,000 | $231,615 | $5,411 | 4.63% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 36 | $9,830,000 | $273,056 | $5,769 | 4.63% |
| WILMINGTON, NC (FHA|USDA|VA) | 28 | $8,390,000 | $299,643 | $3,468 | 4.65% |
| Outside of Metro Areas | 19 | $4,615,000 | $242,895 | $4,579 | 4.51% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 19 | $4,455,000 | $234,474 | $5,350 | 4.51% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 9 | $3,975,000 | $441,667 | $3,934 | 4.22% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 9 | $2,505,000 | $278,333 | $3,896 | 4.29% |
| RICHMOND, VA (FHA|USDA|VA) | 7 | $1,825,000 | $260,714 | $4,480 | 4.80% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $1,770,000 | $442,500 | $3,567 | 4.59% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $3,928 | 4.69% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $4,694 | 4.59% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $6,352 | 4.75% |
| HARRISONBURG, VA (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $8,538 | 4.50% |
| ROANOKE, VA (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $4,057 | 4.75% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $8,549 | 4.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $5,852 | 4.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $4,216 | 4.31% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $4,153 | 5.38% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,539 | 5.00% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,394 | 4.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,912 | 5.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,635 | 4.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,039 | 4.44% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,725 | 4.63% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,587 | 4.63% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,676 | 4.38% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,766 | 5.13% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,764 | 4.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,406 | 4.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,288 | 4.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,045 | 4.63% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,121 | 4.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,791 | 4.50% |
| READING, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,060 | 4.50% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,935 | 4.50% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,790 | 4.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,339 | 4.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,090 | 5.13% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,370 | 4.75% |
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.
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Product Mix
For 2018, Intercoastal Mortgage Company's most frequently originated type of loan was Conventional, with 1,517 originations. Their 2nd most popular type was VA, with 256 originations.
Loan Reason
For 2018, Intercoastal Mortgage Company's most frequently cited loan purpose was Home Purchase, with 1,767 originations. The 2nd most popular reason was Refi, with 119 originations.
Loan Duration/Length
For 2018, Intercoastal Mortgage Company's most frequently cited loan duration was 30 Year, with 1,878 originations. The 2nd most popular length was 15 Year, with 69 originations.
Origination Fees/Closing Costs
Intercoastal Mortgage Company's average total fees were $6,716, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,391 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,519 | $664,175,000 | $437,245 |
| 3-4% | 254 | $113,370,000 | $446,339 |
| 5-6% | 187 | $64,795,000 | $346,497 |
| 6-7% | 1 | $155,000 | $155,000 |
During 2018, Intercoastal Mortgage Company's average interest rate for loans was 4.56%, while their most frequently originated rate bucket for loans was 4-5%, with 1,519 originations.
Loan Sizing
2018 saw Intercoastal Mortgage Company place emphasis on $200k-400k loans with 765 originations, totaling $230,035,000 in origination value.
Applicant Income
Intercoastal Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 554 originations. The second most popular income band? $150k-250k, with 539 originations.
Applicant Debt to Income Ratio
Intercoastal Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 381 originations. The next most common DTI ratio? 30-36%, with 360 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.38%
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 origination85.67%
Intercoastal Mortgage Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,961 | $842,495,000 | $429,625 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,961 | $842,495,000 | $429,625 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Intercoastal Mortgage LLC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |