East Coast Capital Corp. Mortgage Rates, Fees & Info

Melville, NY

LEI: 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. Their top markets by origination volume include: New York, Columbus, Bridgeport, New Haven, and Miami among others. We have data for 60 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.

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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

948

Origination Dollar Volume (All Markets)

$340,400,000

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) 685 $273,825,000 $399,745 $12,348 4.36%
COLUMBUS, OH (FHA|USDA|VA) 62 $13,720,000 $221,290 $7,392 4.14%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 26 $9,060,000 $348,462 $10,263 4.77%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 15 $3,255,000 $217,000 $9,309 4.27%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 12 $2,910,000 $242,500 $7,132 4.42%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5 $2,815,000 $563,000 $10,553 4.30%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 9 $2,625,000 $291,667 $11,250 4.96%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 7 $2,595,000 $370,714 $14,185 4.63%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 10 $2,470,000 $247,000 $7,370 4.54%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 8 $2,230,000 $278,750 $9,774 4.67%
Outside of Metro Areas 10 $2,010,000 $201,000 $8,689 5.15%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $1,760,000 $440,000 $6,420 4.16%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $1,705,000 $341,000 $4,802 4.68%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 6 $1,650,000 $275,000 $12,099 4.33%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 12 $1,480,000 $123,333 $5,966 4.17%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $1,045,000 $209,000 $7,690 4.85%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $980,000 $245,000 $11,011 3.63%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 5 $905,000 $181,000 $8,500 4.35%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $895,000 $298,333 $7,058 4.54%
PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $860,000 $215,000 $7,376 4.53%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $705,000 $235,000 $9,509 4.33%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $620,000 $310,000 $7,971 3.69%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $550,000 $275,000 $11,749 5.69%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $550,000 $275,000 $9,390 4.69%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $485,000 $485,000 $10,791 3.75%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $485,000 $161,667 $6,593 4.00%
GLENS FALLS, NY (FHA|USDA|VA) 1 $395,000 $395,000 $9,928 5.38%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $375,000 $375,000 $10,550 5.13%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $375,000 $375,000 $5,660 4.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $370,000 $185,000 $7,752 4.19%
MODESTO, CA (FHA|USDA|VA) 1 $365,000 $365,000 $2,261 5.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $355,000 $355,000 $4,733 3.88%
AKRON, OH (FHA|USDA|VA) 1 $345,000 $345,000 $6,182 3.50%
THE VILLAGES, FL (FHA|USDA|VA) 2 $340,000 $170,000 $5,165 4.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $335,000 $335,000 $5,729 3.63%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $315,000 $315,000 $8,569 7.50%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $305,000 $305,000 $5,790 4.13%
OCALA, FL (FHA|USDA|VA) 2 $300,000 $150,000 $4,640 4.56%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $5,366 4.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $275,000 $275,000 $5,538 4.00%
Georgetown, SC (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.13%
BINGHAMTON, NY (FHA|USDA|VA) 2 $230,000 $115,000 $7,358 5.06%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $225,000 $225,000 $8,443 4.50%
Concord, NH (FHA|USDA|VA) 1 $225,000 $225,000 $8,991 5.00%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $225,000 $225,000 $6,966 4.50%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $225,000 $225,000 $7,315 3.50%
Warsaw, IN (FHA|USDA|VA) 1 $215,000 $215,000 $3,788 4.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $215,000 $215,000 $8,860 5.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $185,000 $185,000 $5,439 4.88%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $175,000 $175,000 $7,968 4.25%
Fremont, OH (FHA|USDA|VA) 1 $165,000 $165,000 $10,066 4.13%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $155,000 $155,000 $4,693 4.38%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $9,533 5.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $135,000 $135,000 $6,706 3.75%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $125,000 $125,000 $8,619 3.63%
FORT WAYNE, IN (FHA|USDA|VA) 1 $125,000 $125,000 $5,048 5.38%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $125,000 $125,000 $5,044 4.63%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $125,000 $125,000 $8,180 5.25%
Thomaston, GA (FHA|USDA|VA) 1 $105,000 $105,000 $5,958 5.00%
SPARTANBURG, SC (FHA|USDA|VA) 1 $85,000 $85,000 $5,279 4.63%
East Coast Capital Corp.'s top markets include New York, Columbus, Bridgeport, New Haven, and Miami among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 519 $183,925,000 $354,383 $8,527 4.47%
    FHA 393 $143,355,000 $364,771 $14,819 4.30%
    VA 36 $13,120,000 $364,444 $8,502 4.08%

    For 2019, East Coast Capital Corp.'s most frequently originated type of loan was Conventional, with 519 originations. Their 2nd most popular type was FHA, with 393 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 667 $240,505,000 $360,577 $11,455 4.43%
    Cash Out Refi 165 $55,625,000 $337,121 $11,109 4.41%
    Refi 108 $40,850,000 $378,241 $10,028 4.01%
    Home Improvement 8 $3,420,000 $427,500 $13,446 5.38%

    For 2019, East Coast Capital Corp.'s most frequently cited loan purpose was Home Purchase, with 667 originations. The 2nd most popular reason was Cash Out Refi, with 165 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 897 $326,025,000 $363,462 $11,464 4.43%
    15 Year 29 $8,135,000 $280,517 $7,212 3.47%
    20 Year 13 $3,275,000 $251,923 $6,768 3.89%
    Other 7 $2,515,000 $359,286 $9,948 4.02%
    10 Year 1 $295,000 $295,000 $12,456 3.50%
    30+ year 1 $155,000 $155,000 $7,219 6.70%

    For 2019, East Coast Capital Corp.'s most frequently cited loan duration was 30 Year, with 897 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
    $2k-3k 416 $136,030,000 $326,995
    $5k+ 318 $136,920,000 $430,566
    $4k-5k 71 $21,655,000 $305,000
    $3k-4k 69 $20,285,000 $293,986
    $1k-2k 18 $5,280,000 $293,333
    $<1k 15 $5,085,000 $339,000

    East Coast Capital Corp.'s average total fees were $11,464, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 416 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 515 $185,725,000 $360,631
    3-4% 300 $107,180,000 $357,267
    5-6% 109 $36,695,000 $336,651
    2.5-3% 9 $2,915,000 $323,889
    6-7% 8 $4,920,000 $615,000
    7-8% 4 $1,760,000 $440,000
    Over 8% 2 $920,000 $460,000
    <2.5% 1 $285,000 $285,000

    During 2019, East Coast Capital Corp.'s average interest rate for loans was 4.43%, while their most frequently originated rate bucket for loans was 4-5%, with 515 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 481 $149,195,000 $310,177 $10,217 4.37%
    $400k-600k 265 $126,585,000 $477,679 $13,895 4.33%
    $100k-200k 129 $19,565,000 $151,667 $6,618 4.47%
    $600k-1MM 58 $39,570,000 $682,241 $18,255 4.47%
    $100,000 or less 13 $1,065,000 $81,923 $4,924 4.60%
    $1MM+ 2 $4,420,000 $2,210,000 $24,008 6.06%

    2019 saw East Coast Capital Corp. place emphasis on $200k-400k loans with 481 originations, totaling $149,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 306 $126,780,000 $414,314 $13,118 4.41%
    $75k-100k 219 $73,665,000 $336,370 $11,054 4.31%
    $50k-75k 175 $47,625,000 $272,143 $9,615 4.35%
    $150k-250k 127 $55,205,000 $434,685 $11,703 4.39%
    $50k or less 73 $13,935,000 $190,890 $8,214 4.48%
    $250k+ 37 $20,335,000 $549,595 $9,533 4.69%

    East Coast Capital Corp. lent most frequently to those with incomes in the $100k-150k range, with 306 originations. The second most popular income band? $75k-100k, with 219 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 165 $64,755,000 $392,455 $15,560 4.32%
    30-36% 105 $32,345,000 $308,048 $8,694 4.29%
    49% 68 $26,280,000 $386,471 $10,718 4.55%
    20-30% 60 $21,540,000 $359,000 $8,966 4.20%
    44% 51 $17,925,000 $351,471 $9,988 4.55%
    >60% 50 $19,720,000 $394,400 $14,524 4.33%
    48% 48 $17,150,000 $357,292 $11,156 4.32%
    43% 46 $16,990,000 $369,348 $10,211 4.30%
    45% 40 $14,770,000 $369,250 $10,376 4.53%
    46% 39 $14,805,000 $379,615 $11,709 4.52%
    41% 39 $14,875,000 $381,410 $10,543 4.56%
    40% 37 $12,675,000 $342,568 $10,561 4.46%
    47% 35 $12,755,000 $364,429 $11,025 4.22%
    39% 34 $11,280,000 $331,765 $9,854 4.39%
    42% 33 $10,645,000 $322,576 $10,112 4.32%
    <20% 25 $7,605,000 $304,200 $7,555 4.53%
    38% 22 $7,800,000 $354,545 $9,731 4.62%
    37% 21 $7,035,000 $335,000 $11,018 4.42%
    36% 15 $5,125,000 $341,667 $8,363 4.39%

    East Coast Capital Corp. lent most frequently to those with DTI ratios of 50-60%, with 165 originations. The next most common DTI ratio? 30-36%, with 105 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 598 $201,540,000 $337,023 $10,348 4.35%
    Black 212 $81,770,000 $385,708 $13,693 4.50%
    Asian 137 $56,565,000 $412,883 $11,365 4.36%
    Not provided 1 $525,000 $525,000 $16,210 3.63%

    Approval Rates

    Total approvals of all applications
    92.98%

    East Coast Capital Corp. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    48.31%

    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 948 $340,400,000 $359,072

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 948 $340,400,000 $359,072

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $3,830,000 $273,571 $9,946 4.55%
    40-60% 62 $22,790,000 $367,581 $9,088 4.38%
    60-80% 255 $89,005,000 $349,039 $9,734 4.44%
    80-100% 592 $217,000,000 $366,554 $12,157 4.37%
    Over 100% 10 $4,010,000 $401,000 $12,820 4.28%
    Under 20% 5 $985,000 $197,000 $6,336 4.45%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    EAST WEST BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 25.0%
    EAST WEST BANK Conventional home mortgage Closing on a mortgage 3 37.5%
    EAST WEST BANK Conventional home mortgage Struggling to pay mortgage 1 12.5%
    EAST WEST BANK Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 12.5%
    EAST WEST BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 12.5%