East Coast Capital Corp. Mortgage Rates, Fees & Info
Melville, NYLEI: 549300LI3FDGO7UKFF39
Tax ID: 11-3468642
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
East Coast Capital Corp. is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. East Coast Capital Corp. 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 include New York, Columbus, Miami, Las Vegas, and Bridgeport among others. East Coast Capital Corp. 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. East Coast Capital Corp. is typically a high fee lendor.Originations
1,961Origination Dollar Volume (All Markets)
$780,475,000Relative Rate
East Coast Capital Corp.'s average 30 year fixed rate mortgage of loans were
3.13%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.02%.
Relative Fees
East Coast Capital Corp.'s average total fees for a 30 year fixed rate
mortgage are $10,609.
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 |
---|---|---|---|---|---|
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1,404 | $624,830,000 | $445,036 | $11,390 | 3.07% |
COLUMBUS, OH (FHA|USDA|VA) | 163 | $40,855,000 | $250,644 | $6,017 | 2.92% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 43 | $17,175,000 | $399,419 | $8,420 | 3.14% |
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 33 | $9,685,000 | $293,485 | $6,370 | 3.25% |
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 22 | $7,510,000 | $341,364 | $8,287 | 2.96% |
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 24 | $6,660,000 | $277,500 | $8,260 | 3.15% |
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 20 | $6,490,000 | $324,500 | $9,398 | 3.04% |
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 18 | $4,400,000 | $244,444 | $7,735 | 3.24% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 13 | $3,135,000 | $241,154 | $7,399 | 3.09% |
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 13 | $3,035,000 | $233,462 | $6,378 | 3.24% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 12 | $2,980,000 | $248,333 | $7,080 | 3.27% |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 9 | $2,605,000 | $289,444 | $9,034 | 3.32% |
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 7 | $2,335,000 | $333,571 | $10,856 | 3.25% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $2,325,000 | $332,143 | $8,963 | 2.86% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $2,255,000 | $751,667 | $26,763 | 4.08% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $2,160,000 | $270,000 | $6,860 | 3.41% |
Outside of Metro Areas | 11 | $2,145,000 | $195,000 | $5,861 | 2.95% |
PORT ST. LUCIE, FL (FHA|USDA|VA) | 7 | $1,935,000 | $276,429 | $7,096 | 3.25% |
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 8 | $1,810,000 | $226,250 | $6,094 | 2.75% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,660,000 | $415,000 | $7,061 | 2.91% |
GREELEY, CO (FHA|USDA|VA) | 3 | $1,535,000 | $511,667 | $5,302 | 2.50% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $1,240,000 | $206,667 | $5,792 | 2.88% |
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $10,756 | 2.83% |
RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $5,164 | 3.00% |
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 7 | $1,085,000 | $155,000 | $5,713 | 3.21% |
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 7 | $1,085,000 | $155,000 | $5,245 | 3.27% |
SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $7,087 | 3.83% |
THE VILLAGES, FL (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $6,475 | 3.29% |
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $7,809 | 3.00% |
JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $9,294 | 4.13% |
TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $6,261 | 3.38% |
LANCASTER, PA (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $9,982 | 2.81% |
EAST STROUDSBURG, PA (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $6,617 | 3.28% |
Zanesville, OH (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $4,617 | 3.06% |
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $5,095 | 3.00% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $5,583 | 3.17% |
OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $8,379 | 3.31% |
GLENS FALLS, NY (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $7,480 | 3.31% |
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $5,094 | 3.13% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $8,178 | 3.13% |
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $12,674 | 3.00% |
CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,592 | 3.25% |
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,128 | 2.88% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $6,925 | 3.00% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $10,121 | 3.00% |
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,945 | 3.56% |
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $7,860 | 3.00% |
MUNCIE, IN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $16,852 | 3.00% |
SYRACUSE, NY (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $6,783 | 2.67% |
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $6,021 | 2.88% |
Key West, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $6,511 | 3.00% |
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,042 | 3.00% |
VISALIA, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $8,641 | 3.00% |
EL PASO, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,413 | 2.25% |
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,814 | 3.00% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $12,193 | 3.00% |
AKRON, OH (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,796 | 2.38% |
SALEM, OR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $8,042 | 3.50% |
COLUMBIA, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,444 | 2.63% |
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,241 | 3.00% |
Mount Vernon, OH (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $17,286 | 3.00% |
DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,642 | 2.75% |
KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,963 | 3.50% |
Marion, OH (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,432 | 2.88% |
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $833 | 3.38% |
OCALA, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,722 | 3.25% |
TOLEDO, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,210 | 3.25% |
SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $15,530 | 3.00% |
BOULDER, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,672 | 2.50% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,212 | 2.63% |
YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,512 | 2.25% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,527 | 3.50% |
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,065 | 4.13% |
Pahrump, NV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,570 | 3.25% |
MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,301 | 3.25% |
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,921 | 2.75% |
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,317 | 3.50% |
WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,438 | 3.50% |
Chillicothe, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,219 | 2.88% |
NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,102 | 3.88% |
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,913 | 3.13% |
CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,208 | 2.50% |
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,334 | 3.50% |
Elizabeth City, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,611 | 2.75% |
CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,999 | 2.63% |
MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,089 | 3.38% |
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,780 | 3.50% |
READING, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,106 | 3.38% |
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,364 | 3.38% |
Oneonta, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,800 | 4.00% |
LIMA, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 2.25% |
Morehead City, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,655 | 3.50% |
WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,727 | 2.75% |
MANSFIELD, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,865 | 3.50% |
Auburn, NY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 2.88% |
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,154 | 3.25% |
East Coast Capital Corp.'s top markets include New York, Columbus, Miami, Las Vegas, and Bridgeport among others.
Product Mix
Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Conventional | 1,528 | $591,390,000 | $387,035 | $8,281 | 3.10% |
FHA | 380 | $170,810,000 | $449,500 | $17,668 | 3.00% |
VA | 52 | $18,080,000 | $347,692 | $9,154 | 2.79% |
USDA | 1 | $195,000 | $195,000 | $7,000 | 2.50% |
For the 2021 period, East Coast Capital Corp.'s most frequently originated loan type of loans were Conventional, with 1,528 originations. Their 2nd most popular type is FHA, with 380 originations.
Loan Reason
Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Home Purchase | 987 | $412,645,000 | $418,080 | $11,110 | 3.11% |
Cash Out Refi | 516 | $201,790,000 | $391,066 | $10,027 | 3.18% |
Refi | 458 | $166,040,000 | $362,533 | $8,234 | 2.88% |
For the 2021, East Coast Capital Corp.'s most frequently cited loan purpose of loans were Home Purchase, with 987 originations. The 2nd most popular reason of loans were Cash Out Refi, with 516 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
30 Year | 1,717 | $702,335,000 | $409,048 | $10,609 | 3.13% |
15 Year | 123 | $35,325,000 | $287,195 | $6,641 | 2.49% |
20 Year | 77 | $26,545,000 | $344,740 | $6,912 | 2.79% |
Other | 34 | $13,140,000 | $386,471 | $8,371 | 2.96% |
10 Year | 10 | $3,130,000 | $313,000 | $8,062 | 2.29% |
For the 2021, East Coast Capital Corp.'s most frequently cited loan length of loans were 30 Year, with 1,717 originations. The 2nd most popular length of loans were 15 Year, with 123 originations.
Origination Fees
Origination Fee | Originations | Total Value | Average Loan |
---|---|---|---|
$2k-3k | 1,020 | $381,550,000 | $374,069 |
$5k+ | 638 | $299,950,000 | $470,141 |
$3k-4k | 213 | $70,795,000 | $332,371 |
$1k-2k | 35 | $12,525,000 | $357,857 |
$<1k | 20 | $4,930,000 | $246,500 |
$10,609 of loans were East Coast Capital Corp.'s average total fees, while their most frequently occuring range of origination fees were in the $2k-3k bucket, with 1,020 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 913 | $366,935,000 | $401,900 |
2.5-3% | 768 | $314,140,000 | $409,036 |
<2.5% | 239 | $82,055,000 | $343,326 |
4-5% | 40 | $16,940,000 | $423,500 |
5-6% | 1 | $405,000 | $405,000 |
During 2021, East Coast Capital Corp.'s average interest rate of loans were 3.13%, while their most frequently originated rate bucket of loans were 3-4%, with 913 originations.
Loan Sizing
Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
$200k-400k | 790 | $241,980,000 | $306,304 | $8,243 | 3.05% |
$400k-600k | 723 | $350,355,000 | $484,585 | $11,416 | 3.04% |
$100k-200k | 216 | $33,840,000 | $156,667 | $5,638 | 3.07% |
$600k-1MM | 207 | $145,065,000 | $700,797 | $17,854 | 3.22% |
$100,000 or less | 19 | $1,535,000 | $80,789 | $4,216 | 3.23% |
$1MM+ | 6 | $7,700,000 | $1,283,333 | $18,322 | 3.35% |
2021 saw East Coast Capital Corp. place emphasis on $200k-400k loans with 790 originations, totaling $241,980,000 in origination value.
Applicant Income
Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
$100k-150k | 663 | $286,045,000 | $431,440 | $11,044 | 3.07% |
$75k-100k | 427 | $159,175,000 | $372,775 | $10,637 | 3.05% |
$150k-250k | 358 | $169,550,000 | $473,603 | $10,601 | 3.07% |
$50k-75k | 260 | $70,380,000 | $270,692 | $8,228 | 3.09% |
$250k+ | 139 | $68,735,000 | $494,496 | $9,722 | 3.14% |
$50k or less | 104 | $22,510,000 | $216,442 | $6,477 | 3.06% |
East Coast Capital Corp. lent most frequently to those with incomes in the $100k-150k range, with 663 originations. The second most popular income band? $75k-100k, with 427 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
30-36% | 300 | $116,000,000 | $386,667 | $8,544 | 3.08% |
20-30% | 276 | $98,510,000 | $356,920 | $7,427 | 3.00% |
50-60% | 123 | $55,965,000 | $455,000 | $17,209 | 3.05% |
44% | 116 | $47,160,000 | $406,552 | $10,500 | 3.11% |
43% | 112 | $47,750,000 | $426,339 | $11,727 | 3.11% |
45% | 111 | $43,485,000 | $391,757 | $10,338 | 3.08% |
49% | 110 | $45,990,000 | $418,091 | $11,432 | 3.02% |
40% | 90 | $36,050,000 | $400,556 | $9,716 | 3.13% |
42% | 85 | $35,465,000 | $417,235 | $9,949 | 3.17% |
47% | 82 | $35,250,000 | $429,878 | $11,973 | 3.16% |
38% | 82 | $30,530,000 | $372,317 | $8,937 | 3.11% |
41% | 80 | $33,110,000 | $413,875 | $9,921 | 3.08% |
48% | 74 | $32,770,000 | $442,838 | $12,961 | 3.03% |
39% | 69 | $27,565,000 | $399,493 | $10,167 | 3.13% |
<20% | 68 | $22,000,000 | $323,529 | $7,284 | 2.98% |
46% | 64 | $25,430,000 | $397,344 | $10,713 | 3.02% |
37% | 59 | $21,315,000 | $361,271 | $9,540 | 3.05% |
36% | 56 | $24,580,000 | $438,929 | $10,098 | 3.11% |
>60% | 3 | $1,015,000 | $338,333 | $8,975 | 2.88% |
East Coast Capital Corp. lent most frequently to those with DTI ratios of 30-36%, with 300 originations. The next most common DTI ratio? 20-30%, with 276 originations.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
White | 1,317 | $496,615,000 | $377,080 | $9,486 | 3.06% |
Asian | 306 | $138,500,000 | $452,614 | $9,468 | 3.01% |
Black | 318 | $136,190,000 | $428,270 | $13,652 | 3.17% |
Not provided | 13 | $5,925,000 | $455,769 | $11,219 | 3.20% |
American Indian | 4 | $1,970,000 | $492,500 | $6,646 | 3.03% |
Native Hawaiian | 3 | $1,275,000 | $425,000 | $13,208 | 3.75% |
Approval Rates
Total approvals of all applications95.41%
East Coast Capital Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination56.83%
East Coast Capital Corp. 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 | 1,961 | $780,475,000 | $397,998 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
1,961 | $780,475,000 | $397,998 |
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
20-40% | 61 | $18,865,000 | $309,262 | $8,288 | 2.93% |
40-60% | 232 | $80,350,000 | $346,336 | $7,689 | 2.91% |
60-80% | 777 | $309,885,000 | $398,822 | $8,983 | 3.13% |
80-100% | 875 | $363,565,000 | $415,503 | $11,784 | 3.07% |
Over 100% | 13 | $6,665,000 | $512,692 | $21,510 | 3.04% |
Under 20% | 3 | $1,145,000 | $381,667 | $8,867 | 2.92% |
Complaints
Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
East Coast Capital Corp | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |