East Coast Capital Corp. Mortgage Rates, Fees & Info

Melville, NY

LEI: 549300LI3FDGO7UKFF39

Tax ID: 11-3468642

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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.

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% 3/28/24
30 Year Conventional Refi 6.67% 3/28/24
30 Year Cash-out Refi 6.90% 3/28/24
30 Year FHA Purchase 7.27% 3/28/24
30 Year FHA Refi 7.26% 3/28/24
30 Year VA Purchase 6.00% 3/28/24
30 Year USDA Purchase 7.40% 3/28/24
15 Year Conventional Purchase 6.25% 3/28/24
15 Year Conventional Refi 6.01% 3/28/24
15 Year Cash-out Refi 6.01% 3/28/24
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

706

Origination Dollar Volume (All Markets)

$253,250,000

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) 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%
East Coast Capital Corp.'s top markets include New York, Columbus, Bridgeport, Baltimore, and Poughkeepsie among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Similar Lenders

    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.

    N C P D Federal Credit Union
    Similarity Rank: 55
    POLISH NATIONAL
    Similarity Rank: 60
    Iron Workers Savings Bank
    Similarity Rank: 63
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    Stafford Savings Bank
    Similarity Rank: 68
    Charter Oak Federal Credit Union
    Similarity Rank: 78
    PeoplesBank
    Similarity Rank: 104
    Union Savings Bank
    Similarity Rank: 108

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 362 $129,280,000 $357,127 $9,212 5.00%
    FHA 319 $115,625,000 $362,461 $14,988 4.83%
    VA 23 $7,905,000 $343,696 $8,928 4.83%
    USDA 2 $440,000 $220,000 $8,856 5.06%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 527 $187,155,000 $355,133 $11,515 4.90%
    Cash Out Refi 116 $40,220,000 $346,724 $12,743 5.00%
    Refi 43 $17,515,000 $407,326 $12,936 4.92%
    Home Improvement 20 $8,360,000 $418,000 $13,602 4.78%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 683 $245,825,000 $359,919 $11,896 4.93%
    15 Year 15 $3,565,000 $237,667 $8,359 4.16%
    20 Year 5 $1,905,000 $381,000 $12,048 4.95%
    10 Year 1 $145,000 $145,000 $6,390 4.50%
    30+ year 1 $1,465,000 $1,465,000 $36,087 7.50%
    Other 1 $345,000 $345,000 $6,076 4.63%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 242 $104,310,000 $431,033
    $2k-3k 240 $78,820,000 $328,417
    $3k-4k 75 $17,765,000 $236,867
    $4k-5k 52 $14,910,000 $286,731
    $<1k 10 $2,870,000 $287,000
    $1k-2k 8 $2,060,000 $257,500

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 340 $106,360,000 $312,824 $11,150 4.88%
    $400k-600k 175 $83,905,000 $479,457 $13,842 4.87%
    $100k-200k 120 $18,130,000 $151,083 $7,021 5.02%
    $600k-1MM 50 $35,770,000 $715,400 $21,684 4.93%
    $100,000 or less 16 $1,340,000 $83,750 $5,262 5.09%
    $1MM+ 5 $7,745,000 $1,549,000 $37,620 5.83%

    2018 saw East Coast Capital Corp. place emphasis on $200k-400k loans with 340 originations, totaling $106,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 177 $59,575,000 $336,582 $12,400 4.85%
    $100k-150k 172 $70,330,000 $408,895 $12,248 4.86%
    $50k-75k 144 $38,700,000 $268,750 $10,383 4.92%
    $150k-250k 93 $42,715,000 $459,301 $12,910 5.01%
    $50k or less 91 $21,755,000 $239,066 $9,726 4.97%
    $250k+ 28 $19,520,000 $697,143 $17,484 5.07%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 143 $52,575,000 $367,657 $14,749 4.85%
    49% 57 $19,325,000 $339,035 $10,528 4.87%
    20-30% 51 $17,925,000 $351,471 $8,654 4.99%
    30-36% 49 $17,195,000 $350,918 $10,765 4.93%
    >60% 42 $15,830,000 $376,905 $14,530 5.03%
    48% 40 $17,310,000 $432,750 $13,317 5.03%
    45% 39 $13,455,000 $345,000 $11,429 4.94%
    47% 35 $11,905,000 $340,143 $11,079 4.93%
    46% 33 $12,895,000 $390,758 $12,575 4.73%
    43% 31 $10,185,000 $328,548 $9,885 5.03%
    44% 30 $10,630,000 $354,333 $10,767 4.81%
    39% 25 $8,115,000 $324,600 $9,216 4.89%
    42% 24 $8,640,000 $360,000 $9,487 4.98%
    41% 23 $8,875,000 $385,870 $13,935 5.01%
    40% 21 $7,645,000 $364,048 $10,007 4.79%
    38% 19 $6,175,000 $325,000 $10,990 4.88%
    36% 16 $5,120,000 $320,000 $9,724 4.80%
    <20% 15 $5,595,000 $373,000 $11,256 5.13%
    37% 12 $3,200,000 $266,667 $7,365 4.74%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 441 $149,445,000 $338,878 $11,498 4.94%
    Black 146 $55,730,000 $381,712 $13,136 4.97%
    Asian 112 $45,420,000 $405,536 $11,574 4.76%
    Native Hawaiian or Islander 5 $2,075,000 $415,000 $11,530 4.78%
    Not provided 2 $580,000 $290,000 $10,700 4.44%

    Approval Rates

    Total approvals of all applications
    94.61%

    East Coast Capital Corp. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    41.08%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $3,365,000 $224,333 $7,800 4.75%
    40-60% 44 $17,760,000 $403,636 $12,185 4.92%
    60-80% 187 $66,745,000 $356,925 $10,952 4.95%
    80-100% 453 $163,135,000 $360,121 $12,285 4.91%
    Over 100% 6 $2,180,000 $363,333 $13,765 4.81%
    Under 20% 1 $65,000 $65,000 $0 4.13%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    East Coast Capital Corp FHA mortgage Closing on a mortgage 1 100.0%