East Coast Capital Corp. Mortgage Rates, Fees & Info

Melville, NY

LEI: 549300LI3FDGO7UKFF39

Tax ID: 11-3468642

1 stars - Updated: 3/17/24 - out of 5 stars, based on 35 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

East Coast Capital Corp. is a smaller mortgage company specializing in Home Purchase loans. East Coast Capital Corp. has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Columbus, Miami, Las Vegas, and Bridgeport among others. We have data for 98 markets. (Some data included below & more in-depth data is available with an active subscription.)

East Coast Capital Corp. 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. East Coast Capital Corp. is typically a high 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.78% 3/17/24
30 Year Conventional Refi 6.67% 3/17/24
30 Year Cash-out Refi 6.90% 3/17/24
30 Year FHA Purchase 7.27% 3/17/24
30 Year FHA Refi 7.26% 3/17/24
30 Year VA Purchase 6.00% 3/17/24
30 Year USDA Purchase 7.40% 3/17/24
15 Year Conventional Purchase 6.25% 3/17/24
15 Year Conventional Refi 6.01% 3/17/24
15 Year Cash-out Refi 6.01% 3/17/24
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.

East Coast Capital Corp. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from East Coast Capital Corp.. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,248

Origination Dollar Volume (All Markets)

$532,880,000

Awards

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

Relative Rate

East Coast Capital Corp.'s average 30 year fixed mortgage rate was 5.09%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.33%.

Relative Fees (Closing Costs)

East Coast Capital Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $14,847.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 798 $394,530,000 $494,398 $16,999 4.97%
COLUMBUS, OH (FHA|USDA|VA) 102 $27,980,000 $274,314 $8,324 5.02%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 33 $12,765,000 $386,818 $12,060 5.15%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 26 $9,630,000 $370,385 $8,462 4.92%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 22 $8,280,000 $376,364 $13,202 5.54%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 23 $6,505,000 $282,826 $13,632 5.33%
PORT ST. LUCIE, FL (FHA|USDA|VA) 18 $6,420,000 $356,667 $12,409 5.80%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 16 $4,440,000 $277,500 $10,494 4.81%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 13 $4,095,000 $315,000 $13,386 4.45%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 13 $3,535,000 $271,923 $12,255 5.59%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 7 $2,735,000 $390,714 $13,677 5.16%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 7 $2,665,000 $380,714 $9,843 4.91%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 9 $2,425,000 $269,444 $13,684 6.21%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $2,190,000 $365,000 $11,448 5.35%
Outside of Metro Areas 10 $2,130,000 $213,000 $9,603 5.15%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $1,815,000 $363,000 $13,121 4.15%
Pahrump, NV (FHA|USDA|VA) 5 $1,805,000 $361,000 $8,453 4.15%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,720,000 $286,667 $9,693 4.56%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,530,000 $382,500 $7,738 3.78%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,420,000 $355,000 $10,698 4.88%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $1,420,000 $355,000 $10,592 3.91%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $1,275,000 $255,000 $9,022 4.70%
EAST STROUDSBURG, PA (FHA|USDA|VA) 5 $1,245,000 $249,000 $10,127 5.20%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 4 $1,180,000 $295,000 $10,041 5.88%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $1,150,000 $287,500 $7,604 5.31%
AKRON, OH (FHA|USDA|VA) 2 $930,000 $465,000 $16,807 3.94%
Mount Vernon, OH (FHA|USDA|VA) 3 $925,000 $308,333 $6,267 5.08%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $870,000 $217,500 $6,991 5.09%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $810,000 $405,000 $14,545 6.13%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $780,000 $390,000 $5,786 4.81%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $780,000 $390,000 $12,605 6.69%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $745,000 $248,333 $13,238 5.58%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $685,000 $228,333 $8,308 6.04%
Torrington, CT (FHA|USDA|VA) 2 $670,000 $335,000 $10,998 4.56%
Sevierville, TN (FHA|USDA|VA) 2 $650,000 $325,000 $19,413 5.44%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $645,000 $645,000 $7,227 4.75%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $625,000 $625,000 $7,308 5.25%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $600,000 $300,000 $8,267 4.56%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $590,000 $295,000 $12,505 6.38%
WHEELING, WV-OH (FHA|USDA|VA) 1 $575,000 $575,000 $14,867 4.25%
GREELEY, CO (FHA|USDA|VA) 1 $575,000 $575,000 $4,447 2.63%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $575,000 $575,000 $18,160 6.75%
SPRINGFIELD, OH (FHA|USDA|VA) 2 $570,000 $285,000 $10,850 5.38%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $555,000 $555,000 $8,717 4.50%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $545,000 $545,000 $19,091 4.13%
KINGSTON, NY (FHA|USDA|VA) 2 $480,000 $240,000 $8,659 4.50%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $455,000 $455,000 $15,682 5.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $455,000 $455,000 $5,205 3.38%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $450,000 $225,000 $8,853 6.56%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $420,000 $210,000 $5,393 4.94%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $420,000 $210,000 $7,612 5.44%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $405,000 $405,000 $9,586 3.38%
GLENS FALLS, NY (FHA|USDA|VA) 1 $405,000 $405,000 $6,290 3.75%
Tupelo, MS (FHA|USDA|VA) 1 $385,000 $385,000 $5,699 3.88%
THE VILLAGES, FL (FHA|USDA|VA) 2 $380,000 $190,000 $7,636 5.06%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $375,000 $375,000 $17,949 4.75%
LOUISVILLE, KY (FHA|USDA|VA) 1 $375,000 $375,000 $4,594 7.38%
Point Pleasant, WV-OH (FHA|USDA|VA) 1 $355,000 $355,000 $7,247 3.63%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $345,000 $115,000 $5,767 5.46%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $345,000 $345,000 $11,850 4.88%
FRESNO, CA (FHA|USDA|VA) 1 $345,000 $345,000 $13,156 5.25%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $335,000 $335,000 $4,994 3.75%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $325,000 $325,000 $7,483 5.63%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $315,000 $315,000 $8,146 5.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $315,000 $315,000 $6,977 6.13%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $305,000 $305,000 $4,356 4.50%
RICHMOND, VA (FHA|USDA|VA) 1 $285,000 $285,000 $16,640 6.13%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $275,000 $275,000 $12,924 5.13%
LEBANON, PA (FHA|USDA|VA) 1 $265,000 $265,000 $10,114 6.13%
Marion, OH (FHA|USDA|VA) 1 $265,000 $265,000 $1,925 6.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $255,000 $255,000 $10,959 5.50%
Georgetown, SC (FHA|USDA|VA) 1 $255,000 $255,000 $4,753 3.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $10,654 6.13%
Mount Airy, NC (FHA|USDA|VA) 1 $245,000 $245,000 $9,014 3.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $7,921 3.88%
Zanesville, OH (FHA|USDA|VA) 1 $235,000 $235,000 $5,059 5.63%
PEORIA, IL (FHA|USDA|VA) 1 $235,000 $235,000 $6,372 6.50%
Washington Court House, OH (FHA|USDA|VA) 1 $235,000 $235,000 $8,227 5.13%
Okeechobee, FL (FHA|USDA|VA) 1 $235,000 $235,000 $10,345 5.25%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $11,568 4.75%
Chillicothe, OH (FHA|USDA|VA) 1 $215,000 $215,000 $7,707 5.63%
Athens, OH (FHA|USDA|VA) 1 $215,000 $215,000 $6,273 6.88%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $205,000 $205,000 $7,199 5.75%
Auburn, NY (FHA|USDA|VA) 2 $200,000 $100,000 $0 6.81%
LANCASTER, PA (FHA|USDA|VA) 1 $195,000 $195,000 $12,956 6.25%
PITTSBURGH, PA (FHA|USDA|VA) 1 $175,000 $175,000 $8,646 6.63%
ASHEVILLE, NC (FHA|USDA|VA) 1 $175,000 $175,000 $8,776 5.99%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $165,000 $165,000 $4,602 6.38%
Seneca, SC (FHA|USDA|VA) 1 $165,000 $165,000 $10,316 5.88%
Morgan City, LA (FHA|USDA|VA) 1 $155,000 $155,000 $10,439 4.25%
ROME, GA (FHA|USDA|VA) 1 $145,000 $145,000 $6,748 6.13%
BATON ROUGE, LA (FHA|USDA|VA) 1 $145,000 $145,000 $5,386 5.75%
Sandusky, OH (FHA|USDA|VA) 1 $135,000 $135,000 $6,784 5.88%
Amsterdam, NY (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.00%
LIMA, OH (FHA|USDA|VA) 1 $125,000 $125,000 $6,718 4.50%
Portsmouth, OH (FHA|USDA|VA) 1 $125,000 $125,000 $11,319 7.13%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $85,000 $85,000 $6,752 6.88%
Bellefontaine, OH (FHA|USDA|VA) 1 $55,000 $55,000 $4,821 4.63%
East Coast Capital Corp.'s top markets include New York, Columbus, Miami, Las Vegas, and Bridgeport among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
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    We use machine learning to identify the top lenders compared against East Coast Capital Corp. 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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 829 $338,705,000 $408,571 $11,364 5.04%
    FHA 386 $179,370,000 $464,689 $21,635 5.01%
    VA 32 $14,560,000 $455,000 $10,963 5.08%
    USDA 1 $245,000 $245,000 $7,013 3.75%

    For 2022, East Coast Capital Corp.'s most frequently originated type of loan was Conventional, with 829 originations. Their 2nd most popular type was FHA, with 386 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 960 $417,850,000 $435,260 $14,720 5.19%
    Cash Out Refi 208 $84,940,000 $408,365 $14,718 4.70%
    Refi 80 $30,090,000 $376,125 $12,904 4.09%

    For 2022, East Coast Capital Corp.'s most frequently cited loan purpose was Home Purchase, with 960 originations. The 2nd most popular reason was Cash Out Refi, with 208 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,204 $520,210,000 $432,068 $14,847 5.09%
    15 Year 29 $8,205,000 $282,931 $8,543 3.39%
    20 Year 13 $3,825,000 $294,231 $6,723 3.63%
    10 Year 1 $205,000 $205,000 $5,167 2.25%
    Other 1 $435,000 $435,000 $6,617 4.25%

    For 2022, East Coast Capital Corp.'s most frequently cited loan duration was 30 Year, with 1,204 originations. The 2nd most popular length was 15 Year, with 29 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 716 $341,790,000 $477,360
    $2k-3k 315 $122,685,000 $389,476
    $3k-4k 86 $27,790,000 $323,140
    $4k-5k 75 $22,395,000 $298,600
    $1k-2k 18 $6,460,000 $358,889
    $<1k 9 $3,555,000 $395,000

    East Coast Capital Corp.'s average total fees were $14,847, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 716 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 394 $170,840,000 $433,604
    4-5% 286 $131,260,000 $458,951
    3-4% 267 $112,615,000 $421,779
    6-7% 216 $86,730,000 $401,528
    2.5-3% 39 $13,565,000 $347,821
    7-8% 32 $12,750,000 $398,438
    <2.5% 8 $2,890,000 $361,250
    Over 8% 6 $2,230,000 $371,667

    During 2022, East Coast Capital Corp.'s average interest rate for loans was 5.09%, while their most frequently originated rate bucket for loans was 5-6%, with 394 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 467 $229,785,000 $492,045 $16,087 4.92%
    $200k-400k 442 $133,050,000 $301,018 $10,920 5.06%
    $600k-1MM 199 $139,035,000 $698,668 $22,000 5.13%
    $100k-200k 124 $19,280,000 $155,484 $7,105 5.23%
    $100,000 or less 10 $770,000 $77,000 $4,811 4.90%
    $1MM+ 6 $10,960,000 $1,826,667 $82,497 4.71%

    2022 saw East Coast Capital Corp. place emphasis on $400k-600k loans with 467 originations, totaling $229,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 428 $194,260,000 $453,879 $16,126 5.00%
    $150k-250k 281 $152,005,000 $540,943 $17,157 5.17%
    $75k-100k 244 $84,610,000 $346,762 $12,885 4.92%
    $50k-75k 160 $39,270,000 $245,438 $9,589 4.80%
    $250k+ 89 $53,125,000 $596,910 $16,246 5.31%
    $50k or less 45 $9,395,000 $208,778 $7,523 5.42%

    East Coast Capital Corp. lent most frequently to those with incomes in the $100k-150k range, with 428 originations. The second most popular income band? $150k-250k, with 281 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 179 $82,895,000 $463,101 $21,588 5.05%
    49% 118 $49,140,000 $416,441 $15,529 4.93%
    30-36% 117 $47,975,000 $410,043 $11,802 5.04%
    20-30% 93 $39,705,000 $426,935 $12,602 4.84%
    44% 83 $36,485,000 $439,578 $13,369 5.25%
    48% 80 $35,910,000 $448,875 $14,384 5.05%
    43% 78 $35,490,000 $455,000 $13,573 5.16%
    45% 64 $27,560,000 $430,625 $14,443 5.21%
    46% 63 $27,085,000 $429,921 $14,429 5.04%
    42% 61 $25,525,000 $418,443 $12,229 4.82%
    47% 61 $27,295,000 $447,459 $16,253 5.15%
    41% 45 $16,805,000 $373,444 $12,567 5.03%
    40% 42 $17,190,000 $409,286 $12,959 4.93%
    39% 41 $15,205,000 $370,854 $11,266 5.26%
    37% 39 $15,485,000 $397,051 $13,467 5.22%
    36% 32 $12,670,000 $395,938 $11,311 4.91%
    38% 31 $13,245,000 $427,258 $14,159 4.83%
    <20% 18 $5,900,000 $327,778 $7,997 4.47%
    >60% 2 $1,090,000 $545,000 $6,990 6.13%

    East Coast Capital Corp. lent most frequently to those with DTI ratios of 50-60%, with 179 originations. The next most common DTI ratio? 49%, with 118 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 860 $352,370,000 $409,733 $13,865 5.06%
    Black 233 $106,935,000 $458,948 $18,592 5.01%
    Asian 151 $72,265,000 $478,576 $12,703 4.86%
    Native Hawaiian or Islander 1 $715,000 $715,000 $38,361 5.63%
    Not provided 3 $595,000 $198,333 $10,931 6.79%

    Approval Rates

    Total approvals of all applications
    93.85%

    East Coast Capital Corp. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    56.09%

    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 1,248 $532,880,000 $426,987

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,248 $532,880,000 $426,987

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $14,590,000 $364,750 $15,152 4.68%
    40-60% 95 $34,465,000 $362,789 $11,188 4.58%
    60-80% 380 $156,280,000 $411,263 $12,401 5.04%
    80-100% 725 $324,915,000 $448,159 $16,134 5.11%
    Over 100% 4 $1,960,000 $490,000 $18,323 4.69%
    Under 20% 4 $670,000 $167,500 $7,279 5.38%