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 small 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, Winchester, Atlanta, and Wilmington among others. We have data for 48 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 an above 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% | 5/5/24 |
| 30 Year Conventional Refi | 6.44% | 5/5/24 |
| 30 Year Cash-out Refi | 6.59% | 5/5/24 |
| 30 Year FHA Purchase | 7.07% | 5/5/24 |
| 30 Year FHA Refi | 7.06% | 5/5/24 |
| 30 Year VA Purchase | 6.10% | 5/5/24 |
| 30 Year VA Refi | 5.86% | 5/5/24 |
| 30 Year USDA Purchase | 6.75% | 5/5/24 |
| 15 Year Conventional Purchase | 6.00% | 5/5/24 |
| 15 Year Conventional Refi | 5.83% | 5/5/24 |
| 15 Year Cash-out Refi | 5.83% | 5/5/24 |
| 15 Year VA Purchase | 4.46% | 5/5/24 |
| 15 Year VA Refi | 5.68% | 5/5/24 |
| 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
2,809Origination Dollar Volume (All Markets)
$1,294,755,000Awards
INTERCOASTAL MORTGAGE COMPANY - 2019
INTERCOASTAL MORTGAGE COMPANY is a 2019 , due to their low .
For 2019, 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) | 2,513 | $1,205,225,000 | $479,596 | $5,961 | 3.93% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 34 | $13,310,000 | $391,471 | $6,268 | 4.07% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 36 | $9,710,000 | $269,722 | $5,984 | 4.22% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 37 | $9,665,000 | $261,216 | $4,748 | 4.65% |
| Outside of Metro Areas | 28 | $8,260,000 | $295,000 | $4,995 | 4.05% |
| WILMINGTON, NC (FHA|USDA|VA) | 26 | $7,690,000 | $295,769 | $3,149 | 4.01% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 16 | $6,410,000 | $400,625 | $7,418 | 3.99% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 11 | $4,705,000 | $427,727 | $4,905 | 3.98% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 19 | $4,455,000 | $234,474 | $4,365 | 3.95% |
| RICHMOND, VA (FHA|USDA|VA) | 11 | $3,525,000 | $320,455 | $4,005 | 4.01% |
| ROANOKE, VA (FHA|USDA|VA) | 12 | $2,400,000 | $200,000 | $3,166 | 3.89% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $1,945,000 | $389,000 | $5,009 | 3.98% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $4,521 | 3.94% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $4,691 | 3.94% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $4,204 | 3.98% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $4,764 | 3.79% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $5,497 | 4.04% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $3,906 | 4.04% |
| HARRISONBURG, VA (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $4,609 | 3.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $9,209 | 4.44% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $4,547 | 4.21% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $4,723 | 4.00% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $4,788 | 4.06% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $2,855 | 4.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,058 | 3.69% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,456 | 3.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $1,871 | 3.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $6,711 | 4.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,794 | 4.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,075 | 4.13% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,960 | 4.50% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,439 | 3.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $10,855 | 3.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,575 | 3.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,267 | 4.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,161 | 3.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,380 | 4.50% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,207 | 3.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,833 | 4.75% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,805 | 3.75% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,741 | 5.25% |
| READING, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,384 | 4.50% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,630 | 4.13% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,100 | 3.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,650 | 5.00% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,387 | 5.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,465 | 5.25% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,745 | 3.88% |
Similar Lenders
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Product Mix
For 2019, Intercoastal Mortgage Company's most frequently originated type of loan was Conventional, with 2,235 originations. Their 2nd most popular type was VA, with 412 originations.
Loan Reason
For 2019, Intercoastal Mortgage Company's most frequently cited loan purpose was Home Purchase, with 1,747 originations. The 2nd most popular reason was Refi, with 850 originations.
Loan Duration/Length
For 2019, Intercoastal Mortgage Company's most frequently cited loan duration was 30 Year, with 2,669 originations. The 2nd most popular length was 15 Year, with 106 originations.
Origination Fees/Closing Costs
Intercoastal Mortgage Company's average total fees were $5,966, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,176 originations.
Interest Rates
During 2019, Intercoastal Mortgage Company's average interest rate for loans was 3.96%, while their most frequently originated rate bucket for loans was 3-4%, with 1,867 originations.
Loan Sizing
2019 saw Intercoastal Mortgage Company place emphasis on $400k-600k loans with 1,039 originations, totaling $507,655,000 in origination value.
Applicant Income
Intercoastal Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 846 originations. The second most popular income band? $100k-150k, with 757 originations.
Applicant Debt to Income Ratio
Intercoastal Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 644 originations. The next most common DTI ratio? 30-36%, with 540 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.00%
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 origination91.85%
Intercoastal Mortgage Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,809 | $1,294,755,000 | $460,931 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 2,809 | $1,294,755,000 | $460,931 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Intercounty Mortgage Network Corp. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |