East Coast Capital Corp. Mortgage Rates, Fees & Info

Melville, NY

LEI: 549300LI3FDGO7UKFF39

Tax ID: 11-3468642

1 stars - out of 5 stars, based on 44 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

1,961

Origination Dollar Volume (All Markets)

$780,475,000

Awards

East Coast Capital Corp. FHA Loans bronze
Show all (1) awards

Relative 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 applications
95.41%

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 origination
56.83%

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%