East Coast Capital Corp. Mortgage Rates, Fees & Info
Melville, NYLEI: 549300LI3FDGO7UKFF39
Tax ID: 11-3468642
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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, Bridgeport, Baltimore, and Poughkeepsie among others. We have data for 51 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 | 6.78% | 12/3/24 |
| 30 Year Conventional Refi | 6.67% | 12/3/24 |
| 30 Year Cash-out Refi | 6.90% | 12/3/24 |
| 30 Year FHA Purchase | 7.27% | 12/3/24 |
| 30 Year FHA Refi | 7.26% | 12/3/24 |
| 30 Year VA Purchase | 6.00% | 12/3/24 |
| 30 Year USDA Purchase | 7.40% | 12/3/24 |
| 15 Year Conventional Purchase | 6.25% | 12/3/24 |
| 15 Year Conventional Refi | 6.01% | 12/3/24 |
| 15 Year Cash-out Refi | 6.01% | 12/3/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
706Origination Dollar Volume (All Markets)
$253,250,000Top 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) | 505 | $207,015,000 | $409,931 | $13,162 | 4.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 39 | $7,815,000 | $200,385 | $6,590 | 4.86% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 18 | $5,900,000 | $327,778 | $11,489 | 5.11% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 24 | $4,230,000 | $176,250 | $8,698 | 5.19% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 9 | $3,025,000 | $336,111 | $12,460 | 5.21% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $2,360,000 | $393,333 | $13,992 | 5.15% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 7 | $2,015,000 | $287,857 | $9,939 | 4.73% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 7 | $1,925,000 | $275,000 | $9,456 | 4.79% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $1,580,000 | $197,500 | $7,209 | 5.16% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 8 | $1,560,000 | $195,000 | $8,279 | 5.02% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 7 | $1,145,000 | $163,571 | $8,287 | 4.93% |
| AKRON, OH (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $10,124 | 5.06% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $19,762 | 5.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $7,787 | 5.38% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 5 | $705,000 | $141,000 | $5,358 | 4.68% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $7,214 | 4.48% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $8,900 | 5.06% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $6,241 | 4.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,881 | 4.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $7,141 | 4.94% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $8,160 | 5.19% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $15,043 | 5.75% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $17,018 | 5.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $9,018 | 5.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,334 | 4.75% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $5,780 | 5.17% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,761 | 5.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $18,466 | 4.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $8,672 | 5.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,644 | 5.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 5.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 5.50% |
| Easton, MD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,861 | 5.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,932 | 4.63% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,108 | 4.75% |
| Somerset, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,774 | 4.50% |
| SYRACUSE, NY (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $8,022 | 5.50% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,055 | 5.00% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $15,308 | 4.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,601 | 4.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,933 | 4.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,144 | 5.75% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,850 | 4.63% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,261 | 5.00% |
| MERCED, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,799 | 5.25% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,718 | 5.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,216 | 5.50% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,253 | 3.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,734 | 5.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,830 | 5.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,144 | 3.75% |
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Product Mix
For 2018, East Coast Capital Corp.'s most frequently originated type of loan was Conventional, with 362 originations. Their 2nd most popular type was FHA, with 319 originations.
Loan Reason
For 2018, East Coast Capital Corp.'s most frequently cited loan purpose was Home Purchase, with 527 originations. The 2nd most popular reason was Cash Out Refi, with 116 originations.
Loan Duration/Length
For 2018, East Coast Capital Corp.'s most frequently cited loan duration was 30 Year, with 683 originations. The 2nd most popular length was 15 Year, with 15 originations.
Origination Fees/Closing Costs
East Coast Capital Corp.'s average total fees were $11,896, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 242 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 422 | $152,170,000 | $360,592 |
| 5-6% | 247 | $83,455,000 | $337,874 |
| 3-4% | 31 | $12,225,000 | $394,355 |
| 6-7% | 4 | $3,280,000 | $820,000 |
| 7-8% | 2 | $2,120,000 | $1,060,000 |
During 2018, East Coast Capital Corp.'s average interest rate for loans was 4.93%, while their most frequently originated rate bucket for loans was 4-5%, with 422 originations.
Loan Sizing
2018 saw East Coast Capital Corp. place emphasis on $200k-400k loans with 340 originations, totaling $106,360,000 in origination value.
Applicant Income
East Coast Capital Corp. lent most frequently to those with incomes in the $75k-100k range, with 177 originations. The second most popular income band? $100k-150k, with 172 originations.
Applicant Debt to Income Ratio
East Coast Capital Corp. lent most frequently to those with DTI ratios of 50-60%, with 143 originations. The next most common DTI ratio? 49%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.61%
East Coast Capital Corp. has an average approval rate.
Pick Rate
Approvals leading to origination41.08%
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 | 706 | $253,250,000 | $358,711 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 706 | $253,250,000 | $358,711 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| East Coast Capital Corp | FHA mortgage | Closing on a mortgage | 1 | 100.0% |