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, Refi, and Cash Out Refi loans. East Coast Capital Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: New York, Columbus, Bridgeport, Miami, and Philadelphia among others. We have data for 81 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% | 11/17/24 |
| 30 Year Conventional Refi | 6.67% | 11/17/24 |
| 30 Year Cash-out Refi | 6.90% | 11/17/24 |
| 30 Year FHA Purchase | 7.27% | 11/17/24 |
| 30 Year FHA Refi | 7.26% | 11/17/24 |
| 30 Year VA Purchase | 6.00% | 11/17/24 |
| 30 Year USDA Purchase | 7.40% | 11/17/24 |
| 15 Year Conventional Purchase | 6.25% | 11/17/24 |
| 15 Year Conventional Refi | 6.01% | 11/17/24 |
| 15 Year Cash-out Refi | 6.01% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,562Origination Dollar Volume (All Markets)
$590,060,000Awards
East Coast Capital Corp. - 2020
East Coast Capital Corp. is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 1,145 | $478,655,000 | $418,039 | $10,913 | 3.19% |
| COLUMBUS, OH (FHA|USDA|VA) | 121 | $28,985,000 | $239,545 | $6,506 | 2.98% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 26 | $9,080,000 | $349,231 | $10,590 | 3.18% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 21 | $7,195,000 | $342,619 | $6,676 | 3.01% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 26 | $6,670,000 | $256,538 | $9,130 | 3.30% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 17 | $4,895,000 | $287,941 | $8,856 | 3.31% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $3,085,000 | $617,000 | $11,973 | 3.08% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 13 | $2,975,000 | $228,846 | $8,394 | 2.85% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 9 | $2,775,000 | $308,333 | $8,627 | 3.03% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 13 | $2,635,000 | $202,692 | $7,673 | 3.68% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 10 | $2,430,000 | $243,000 | $8,674 | 3.23% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $2,190,000 | $365,000 | $5,567 | 2.94% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 7 | $2,145,000 | $306,429 | $6,138 | 2.75% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $2,045,000 | $409,000 | $9,321 | 3.05% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $2,010,000 | $251,250 | $7,525 | 3.17% |
| Outside of Metro Areas | 9 | $1,895,000 | $210,556 | $8,126 | 3.44% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,890,000 | $315,000 | $6,380 | 2.77% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $1,535,000 | $219,286 | $6,502 | 3.02% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $9,253 | 3.08% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $1,445,000 | $289,000 | $10,370 | 3.70% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $1,145,000 | $229,000 | $9,263 | 3.43% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $10,020 | 3.29% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $7,289 | 3.35% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $7,942 | 2.68% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $6,751 | 2.58% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $12,297 | 2.94% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $11,854 | 3.83% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $6,071 | 3.69% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $6,731 | 2.88% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $5,481 | 2.88% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $3,991 | 3.25% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $6,066 | 3.19% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $7,072 | 3.19% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $8,658 | 2.88% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,944 | 2.88% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $9,130 | 2.88% |
| OCALA, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $8,715 | 2.56% |
| RENO, NV (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,731 | 3.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $7,444 | 2.69% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $6,297 | 3.38% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $11,296 | 3.63% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,826 | 3.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,283 | 3.38% |
| Portsmouth, OH (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $6,630 | 3.04% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $8,782 | 3.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,397 | 3.06% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $11,851 | 3.50% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $8,128 | 3.38% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,500 | 3.38% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $457 | 4.25% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,411 | 3.63% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,366 | 4.25% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,460 | 2.88% |
| Hudson, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,018 | 2.75% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,732 | 2.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,290 | 3.13% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,554 | 3.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,836 | 3.00% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,688 | 3.63% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,229 | 3.25% |
| Berlin, NH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 2.88% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,981 | 2.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,985 | 2.88% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $12,771 | 3.63% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $12,443 | 3.63% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,100 | 3.63% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,190 | 2.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,586 | 2.75% |
| Jackson, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $15,324 | 3.25% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.13% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,048 | 2.88% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,768 | 2.88% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,676 | 2.50% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $9,334 | 2.88% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,472 | 3.38% |
| Torrington, CT (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,451 | 3.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,119 | 3.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,690 | 2.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,159 | 3.88% |
| Marion, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,195 | 2.63% |
| Greenville, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,675 | 3.50% |
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Product Mix
For 2020, East Coast Capital Corp.'s most frequently originated type of loan was Conventional, with 1,137 originations. Their 2nd most popular type was FHA, with 381 originations.
Loan Reason
For 2020, East Coast Capital Corp.'s most frequently cited loan purpose was Home Purchase, with 696 originations. The 2nd most popular reason was Refi, with 511 originations.
Loan Duration/Length
For 2020, East Coast Capital Corp.'s most frequently cited loan duration was 30 Year, with 1,314 originations. The 2nd most popular length was 15 Year, with 120 originations.
Origination Fees/Closing Costs
East Coast Capital Corp.'s average total fees were $10,665, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 815 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 727 | $279,355,000 | $384,257 |
| 2.5-3% | 580 | $221,470,000 | $381,845 |
| <2.5% | 158 | $53,790,000 | $340,443 |
| 4-5% | 96 | $35,210,000 | $366,771 |
| 5-6% | 1 | $235,000 | $235,000 |
During 2020, East Coast Capital Corp.'s average interest rate for loans was 3.23%, while their most frequently originated rate bucket for loans was 3-4%, with 727 originations.
Loan Sizing
2020 saw East Coast Capital Corp. place emphasis on $200k-400k loans with 725 originations, totaling $223,405,000 in origination value.
Applicant Income
East Coast Capital Corp. lent most frequently to those with incomes in the $100k-150k range, with 524 originations. The second most popular income band? $150k-250k, with 327 originations.
Applicant Debt to Income Ratio
East Coast Capital Corp. lent most frequently to those with DTI ratios of 30-36%, with 205 originations. The next most common DTI ratio? 20-30%, with 202 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.40%
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 origination59.41%
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 | 1,562 | $590,060,000 | $377,759 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,562 | $590,060,000 | $377,759 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| EAST WEST BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 5 | 50.0% |
| EAST WEST BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 10.0% |
| EAST WEST BANK | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 20.0% |
| EAST WEST BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 10.0% |
| EAST WEST BANK | Other type of mortgage | Closing on a mortgage | 1 | 10.0% |