Intercoastal Mortgage Company Rates, Fees & Info
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Tax ID: 52-1597440
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Mortgage Data
Review & Overview
Intercoastal Mortgage Company is a mid-sized mortgage company specializing in Refi and Home Purchase 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 115 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% | 12/16/24 |
| 30 Year Conventional Refi | 6.44% | 12/16/24 |
| 30 Year Cash-out Refi | 6.59% | 12/16/24 |
| 30 Year FHA Purchase | 7.07% | 12/16/24 |
| 30 Year FHA Refi | 7.06% | 12/16/24 |
| 30 Year VA Purchase | 6.10% | 12/16/24 |
| 30 Year VA Refi | 5.86% | 12/16/24 |
| 30 Year USDA Purchase | 6.75% | 12/16/24 |
| 15 Year Conventional Purchase | 6.00% | 12/16/24 |
| 15 Year Conventional Refi | 5.83% | 12/16/24 |
| 15 Year Cash-out Refi | 5.83% | 12/16/24 |
| 15 Year VA Purchase | 4.46% | 12/16/24 |
| 15 Year VA Refi | 5.68% | 12/16/24 |
| 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
8,389Origination Dollar Volume (All Markets)
$3,649,515,000Awards
INTERCOASTAL MORTGAGE COMPANY - 2020
INTERCOASTAL MORTGAGE COMPANY is a 2020 , due to their low .
For 2020, 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) | 6,574 | $3,132,230,000 | $476,457 | $4,946 | 2.96% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 143 | $56,315,000 | $393,811 | $4,713 | 2.98% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 174 | $46,240,000 | $265,747 | $3,962 | 2.87% |
| Outside of Metro Areas | 110 | $33,280,000 | $302,545 | $4,338 | 2.94% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 105 | $28,845,000 | $274,714 | $3,076 | 2.83% |
| WILMINGTON, NC (FHA|USDA|VA) | 74 | $23,230,000 | $313,919 | $3,314 | 3.04% |
| MORGANTOWN, WV (FHA|USDA|VA) | 89 | $20,085,000 | $225,674 | $3,584 | 2.92% |
| RICHMOND, VA (FHA|USDA|VA) | 60 | $18,580,000 | $309,667 | $4,172 | 3.05% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 71 | $17,905,000 | $252,183 | $4,126 | 2.88% |
| ROANOKE, VA (FHA|USDA|VA) | 69 | $16,365,000 | $237,174 | $4,037 | 3.06% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 44 | $15,670,000 | $356,136 | $5,660 | 2.95% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 43 | $14,475,000 | $336,628 | $4,817 | 2.91% |
| Clarksburg, WV (FHA|USDA|VA) | 73 | $14,325,000 | $196,233 | $3,359 | 2.97% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 65 | $13,035,000 | $200,538 | $3,423 | 3.14% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 44 | $12,210,000 | $277,500 | $4,116 | 3.07% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 43 | $12,115,000 | $281,744 | $6,308 | 2.99% |
| Fairmont, WV (FHA|USDA|VA) | 71 | $11,575,000 | $163,028 | $3,279 | 3.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 34 | $11,310,000 | $332,647 | $3,857 | 2.97% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 40 | $10,560,000 | $264,000 | $3,860 | 2.84% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 33 | $9,635,000 | $291,970 | $3,713 | 2.83% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 24 | $8,190,000 | $341,250 | $3,905 | 2.85% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 14 | $6,970,000 | $497,857 | $3,764 | 3.10% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 16 | $6,230,000 | $389,375 | $6,087 | 2.74% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 19 | $5,285,000 | $278,158 | $4,512 | 3.19% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 20 | $5,160,000 | $258,000 | $3,536 | 2.74% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 13 | $4,445,000 | $341,923 | $6,683 | 3.08% |
| COLUMBIA, SC (FHA|USDA|VA) | 16 | $4,420,000 | $276,250 | $3,689 | 2.86% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 13 | $4,325,000 | $332,692 | $5,205 | 2.81% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $3,685,000 | $335,000 | $4,885 | 2.89% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 13 | $3,455,000 | $265,769 | $4,034 | 2.94% |
| PITTSBURGH, PA (FHA|USDA|VA) | 11 | $3,425,000 | $311,364 | $4,733 | 2.81% |
| Morehead City, NC (FHA|USDA|VA) | 9 | $3,315,000 | $368,333 | $4,197 | 3.06% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $3,255,000 | $651,000 | $5,503 | 2.85% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 13 | $2,915,000 | $224,231 | $2,865 | 2.98% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 9 | $2,845,000 | $316,111 | $4,104 | 3.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 6 | $2,650,000 | $441,667 | $8,845 | 2.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 6 | $2,640,000 | $440,000 | $3,656 | 2.73% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 13 | $2,555,000 | $196,538 | $5,017 | 2.84% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 6 | $2,500,000 | $416,667 | $4,520 | 2.83% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 9 | $2,365,000 | $262,778 | $3,560 | 2.88% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 9 | $2,285,000 | $253,889 | $4,164 | 2.85% |
| Easton, MD (FHA|USDA|VA) | 5 | $2,205,000 | $441,000 | $3,863 | 2.93% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $2,175,000 | $725,000 | $3,847 | 3.13% |
| LYNCHBURG, VA (FHA|USDA|VA) | 7 | $2,105,000 | $300,714 | $5,784 | 3.04% |
| HARRISONBURG, VA (FHA|USDA|VA) | 7 | $2,065,000 | $295,000 | $3,215 | 3.04% |
| BURLINGTON, NC (FHA|USDA|VA) | 8 | $1,800,000 | $225,000 | $3,727 | 2.80% |
| SAVANNAH, GA (FHA|USDA|VA) | 7 | $1,685,000 | $240,714 | $4,418 | 2.77% |
| CHARLESTON, WV (FHA|USDA|VA) | 7 | $1,645,000 | $235,000 | $3,367 | 2.99% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 8 | $1,500,000 | $187,500 | $4,326 | 3.05% |
| Key West, FL (FHA|USDA|VA) | 3 | $1,495,000 | $498,333 | $6,667 | 3.08% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $3,295 | 3.13% |
| ASHEVILLE, NC (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $3,568 | 3.47% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $3,570 | 2.88% |
| BRUNSWICK, GA (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $6,035 | 2.54% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $3,587 | 2.71% |
| NEW BERN, NC (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $4,153 | 2.81% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $4,103 | 2.88% |
| Sanford, NC (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $3,486 | 2.91% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $13,409 | 3.63% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $6,328 | 2.66% |
| GREENVILLE, NC (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $3,426 | 2.81% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $14,358 | 2.56% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $3,735 | 3.06% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $8,486 | 3.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $3,780 | 3.17% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $8,303 | 2.54% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $2,623 | 3.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $2,981 | 2.92% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,404 | 3.13% |
| Wilson, NC (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $7,173 | 2.67% |
| Big Stone Gap, VA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $11,104 | 2.25% |
| GOLDSBORO, NC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $3,637 | 2.50% |
| Shelby, NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,373 | 2.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $3,904 | 2.96% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,387 | 3.63% |
| Boone, NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,604 | 2.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,336 | 2.99% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,541 | 2.81% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,500 | 2.63% |
| Mount Airy, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,746 | 2.69% |
| Cambridge, MD (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,222 | 2.63% |
| Somerset, PA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,343 | 2.88% |
| Washington, NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,319 | 3.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $7,829 | 2.75% |
| Edwards, CO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,781 | 3.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,028 | 2.69% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,168 | 3.25% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,125 | 2.75% |
| STAUNTON, VA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,260 | 3.44% |
| Newberry, SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,995 | 2.63% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,913 | 3.00% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,078 | 3.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,614 | 2.50% |
| Bennettsville, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,596 | 2.75% |
| Celina, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,145 | 2.75% |
| Seneca, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,603 | 2.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,659 | 2.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,739 | 2.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,946 | 2.63% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,879 | 3.13% |
| Crossville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,805 | 2.63% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,869 | 2.38% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,464 | 2.50% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,823 | 3.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,482 | 3.50% |
| Forest City, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,539 | 2.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,264 | 2.88% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,145 | 2.88% |
| Elkins, WV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,463 | 2.63% |
| Marion, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,744 | 2.88% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,268 | 3.25% |
| AKRON, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,192 | 3.00% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $3,060 | 3.27% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,218 | 3.63% |
| Bradford, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,578 | 2.88% |
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Product Mix
For 2020, Intercoastal Mortgage Company's most frequently originated type of loan was Conventional, with 7,128 originations. Their 2nd most popular type was VA, with 932 originations.
Loan Reason
For 2020, Intercoastal Mortgage Company's most frequently cited loan purpose was Refi, with 4,280 originations. The 2nd most popular reason was Home Purchase, with 3,333 originations.
Loan Duration/Length
For 2020, Intercoastal Mortgage Company's most frequently cited loan duration was 30 Year, with 7,581 originations. The 2nd most popular length was 15 Year, with 670 originations.
Origination Fees/Closing Costs
Intercoastal Mortgage Company's average total fees were $4,916, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 6,104 originations.
Interest Rates
During 2020, Intercoastal Mortgage Company's average interest rate for loans was 2.98%, while their most frequently originated rate bucket for loans was 2.5-3%, with 4,730 originations.
Loan Sizing
2020 saw Intercoastal Mortgage Company place emphasis on $200k-400k loans with 3,164 originations, totaling $960,870,000 in origination value.
Applicant Income
Intercoastal Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 2,380 originations. The second most popular income band? $100k-150k, with 2,175 originations.
Applicant Debt to Income Ratio
Intercoastal Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 2,313 originations. The next most common DTI ratio? 30-36%, with 1,544 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.18%
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 origination84.11%
Intercoastal Mortgage Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 8,389 | $3,649,515,000 | $435,036 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 13 | $1,735,000 | $133,462 |
| Single Family (1-4 Units):Site-Built | 8,376 | $3,647,780,000 | $435,504 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| INTERFIRST MORTGAGE COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 57.1% |
| INTERFIRST MORTGAGE COMPANY | Conventional home mortgage | Closing on a mortgage | 1 | 14.3% |
| INTERFIRST MORTGAGE COMPANY | Conventional home mortgage | Trouble during payment process | 2 | 28.6% |