East Coast Capital Corp. Mortgage Rates, Fees & Info
Melville, NYLEI: 549300LI3FDGO7UKFF39
Tax ID: 11-3468642
Latest/2021 | 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, 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 by origination volume include: New York, Columbus, Miami, Las Vegas, and Bridgeport among others. We have data for 96 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 | 7.02% | 11/26/22 |
| 30 Year Conventional Refi | 6.85% | 11/26/22 |
| 30 Year Cash-out Refi | 7.09% | 11/26/22 |
| 30 Year FHA Purchase | 7.79% | 11/26/22 |
| 30 Year FHA Refi | 7.52% | 11/26/22 |
| 30 Year VA Purchase | 6.78% | 11/26/22 |
| 30 Year VA Refi | 6.34% | 11/26/22 |
| 30 Year USDA Purchase | 6.92% | 11/26/22 |
| 15 Year Conventional Purchase | 6.25% | 11/26/22 |
| 15 Year Conventional Refi | 6.26% | 11/26/22 |
| 15 Year Cash-out Refi | 6.26% | 11/26/22 |
| 15 Year FHA Purchase | 5.90% | 11/26/22 |
| 15 Year FHA Refi | 5.90% | 11/26/22 |
| 15 Year VA Refi | 6.04% | 11/26/22 |
| 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. | ||
Originations
1,961Origination Dollar Volume (All Markets)
$780,475,000Awards
East Coast Capital Corp. - 2021
East Coast Capital Corp. is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
East Coast Capital Corp.'s average 30 year fixed mortgage rate was
3.13%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.02%.
Relative Fees (Closing Costs)
East Coast Capital Corp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $10,609.
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) | 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% |
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Product Mix
For 2021, East Coast Capital Corp.'s most frequently originated type of loan was Conventional, with 1,528 originations. Their 2nd most popular type was FHA, with 380 originations.
Loan Reason
For 2021, East Coast Capital Corp.'s most frequently cited loan purpose was Home Purchase, with 987 originations. The 2nd most popular reason was Cash Out Refi, with 516 originations.
Loan Duration/Length
For 2021, East Coast Capital Corp.'s most frequently cited loan duration was 30 Year, with 1,717 originations. The 2nd most popular length was 15 Year, with 123 originations.
Origination Fees/Closing Costs
East Coast Capital Corp.'s average total fees were $10,609, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.13%, while their most frequently originated rate bucket for loans was 3-4%, with 913 originations.
Loan Sizing
2021 saw East Coast Capital Corp. place emphasis on $200k-400k loans with 790 originations, totaling $241,980,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications97.05%
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 origination64.56%
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 |
LTV Distribution
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% |
