East Coast Capital Corp. Mortgage Rates, Fees & Info
Melville, NYLEI: 549300LI3FDGO7UKFF39
Tax ID: 11-3468642
Latest/2024 | 2023 Data | 2022 Data | 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 an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Hilton Head Island, Miami, Columbus, and Poughkeepsie among others. We have data for 105 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.34% | 4/5/25 |
| 30 Year Conventional Refi | 7.33% | 4/5/25 |
| 30 Year Cash-out Refi | 8.31% | 4/5/25 |
| 30 Year FHA Purchase | 7.46% | 4/5/25 |
| 30 Year FHA Refi | 7.37% | 4/5/25 |
| 30 Year VA Purchase | 6.55% | 4/5/25 |
| 30 Year USDA Purchase | 8.03% | 4/5/25 |
| 15 Year Conventional Purchase | 6.26% | 4/5/25 |
| 15 Year Conventional Refi | 6.00% | 4/5/25 |
| 15 Year Cash-out Refi | 6.00% | 4/5/25 |
| 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
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This is not an official calculator from East Coast Capital Corp.. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,253Origination Dollar Volume (All Markets)
$603,055,000Relative Rate
East Coast Capital Corp.'s average 30 year fixed mortgage rate was
7.07%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.52%.
Relative Fees (Closing Costs)
East Coast Capital Corp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $15,621.
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 $8,356.
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) | 743 | $417,395,000 | $561,770 | $17,935 | 7.02% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 42 | $20,490,000 | $487,857 | $7,374 | 7.14% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 34 | $20,400,000 | $600,000 | $13,027 | 7.77% |
| Outside of Metro Areas | 44 | $14,300,000 | $325,000 | $12,366 | 7.34% |
| COLUMBUS, OH (FHA|USDA|VA) | 47 | $13,995,000 | $297,766 | $8,823 | 6.90% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 29 | $10,385,000 | $358,103 | $12,957 | 7.05% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 20 | $8,560,000 | $428,000 | $15,612 | 6.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 22 | $8,020,000 | $364,545 | $15,324 | 7.01% |
| READING, PA (FHA|USDA|VA) | 26 | $7,410,000 | $285,000 | $14,434 | 7.24% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $5,480,000 | $1,370,000 | $13,285 | 7.47% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 15 | $3,745,000 | $249,667 | $11,350 | 7.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $3,360,000 | $420,000 | $12,462 | 7.17% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $2,815,000 | $402,143 | $16,862 | 7.13% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 15 | $2,625,000 | $175,000 | $8,265 | 7.07% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 7 | $2,405,000 | $343,571 | $9,902 | 7.14% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $2,355,000 | $2,355,000 | $31,332 | 7.62% |
| KINGSTON, NY (FHA|USDA|VA) | 5 | $2,145,000 | $429,000 | $10,785 | 7.17% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 8 | $2,060,000 | $257,500 | $12,700 | 7.22% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $1,940,000 | $323,333 | $6,205 | 7.27% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 6 | $1,910,000 | $318,333 | $10,816 | 7.19% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 6 | $1,780,000 | $296,667 | $14,183 | 6.56% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 5 | $1,715,000 | $343,000 | $13,752 | 7.45% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 8 | $1,590,000 | $198,750 | $7,363 | 9.64% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $28,721 | 9.12% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $1,415,000 | $471,667 | $10,588 | 6.67% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,385,000 | $277,000 | $13,985 | 8.03% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $9,338 | 7.30% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $1,340,000 | $670,000 | $8,833 | 6.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $7,640 | 7.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $1,280,000 | $640,000 | $14,311 | 6.63% |
| Hudson, NY (FHA|USDA|VA) | 2 | $1,270,000 | $635,000 | $19,770 | 7.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $10,104 | 7.19% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $15,324 | 6.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $16,419 | 6.71% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 6 | $1,140,000 | $190,000 | $5,564 | 7.13% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $9,709 | 9.08% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $20,044 | 6.94% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $7,673 | 7.70% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $11,308 | 7.69% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $26,913 | 8.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $6,936 | 6.79% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $12,407 | 7.42% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $9,216 | 7.21% |
| Shelby, NC (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $10,558 | 5.63% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $17,802 | 7.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $15,926 | 7.69% |
| Pottsville, PA (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $11,950 | 7.04% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $6,343 | 6.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $6,263 | 6.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 7.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $8,979 | 6.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $6,656 | 7.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $19,457 | 6.13% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $13,383 | 6.25% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $10,931 | 7.21% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $5,082 | 6.56% |
| OCALA, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $17,111 | 6.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $11,686 | 7.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $14,901 | 8.56% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $27,343 | 7.25% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $16,412 | 6.44% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,178 | 7.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $9,625 | 8.13% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,828 | 7.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $13,106 | 6.75% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $16,838 | 6.25% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $19,701 | 7.25% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,893 | 6.88% |
| Sayre, PA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $11,253 | 6.94% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $20,520 | 7.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $16,126 | 8.50% |
| BINGHAMTON, NY (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $16,610 | 7.31% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $9,398 | 7.25% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $13,465 | 7.25% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $15,894 | 6.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,336 | 6.50% |
| RACINE, WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $16,239 | 6.50% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,446 | 6.88% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $18,269 | 6.75% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,630 | 6.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,984 | 6.63% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $8,087 | 7.88% |
| AKRON, OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,360 | 8.13% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,658 | 7.50% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,844 | 6.88% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $6,617 | 6.94% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,113 | 7.50% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,896 | 7.88% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $12,633 | 6.13% |
| Meadville, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,740 | 9.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,589 | 7.00% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 7.25% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,788 | 5.75% |
| Amsterdam, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 9.25% |
| DOVER, DE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $12,222 | 6.63% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 7.50% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,358 | 7.75% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 9.13% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,467 | 7.13% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,499 | 6.50% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,740 | 7.13% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,154 | 7.13% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,072 | 6.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.00% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,695 | 9.25% |
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Product Mix
For 2024, East Coast Capital Corp.'s most frequently originated type of loan was Conventional, with 856 originations. Their 2nd most popular type was FHA, with 363 originations.
Loan Reason
For 2024, East Coast Capital Corp.'s most frequently cited loan purpose was Home Purchase, with 967 originations. The 2nd most popular reason was Cash Out Refi, with 230 originations.
Loan Duration/Length
For 2024, East Coast Capital Corp.'s most frequently cited loan duration was 30 Year, with 1,222 originations. The 2nd most popular length was 20 Year, with 22 originations.
Origination Fees/Closing Costs
East Coast Capital Corp.'s average total fees were $15,621, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 699 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 651 | $297,885,000 | $457,581 |
| 7-8% | 336 | $173,350,000 | $515,923 |
| Over 8% | 176 | $88,110,000 | $500,625 |
| 5-6% | 88 | $42,670,000 | $484,886 |
| 4-5% | 2 | $1,040,000 | $520,000 |
During 2024, East Coast Capital Corp.'s average interest rate for loans was 7.07%, while their most frequently originated rate bucket for loans was 6-7%, with 651 originations.
Loan Sizing
2024 saw East Coast Capital Corp. place emphasis on $400k-600k loans with 411 originations, totaling $205,825,000 in origination value.
Applicant Income
East Coast Capital Corp. lent most frequently to those with incomes in the $100k-150k range, with 383 originations. The second most popular income band? $150k-250k, with 333 originations.
Applicant Debt to Income Ratio
East Coast Capital Corp. lent most frequently to those with DTI ratios of 50-60%, with 182 originations. The next most common DTI ratio? 49%, with 134 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.42%
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 origination47.96%
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 | 1,253 | $603,055,000 | $481,289 |