California Coast Credit Union Mortgage Rates, Fees & Info

San Diego, CA

LEI: 549300O1ESL3X18LPG95

Tax ID: 95-1185803

5 stars - out of 5 stars, based on 39 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

California Coast Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. California Coast Credit Union has a high proportion of conventional loans. Their top markets include San Diego, Riverside, Los Angeles, Sacramento, and San Francisco among others. California Coast Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. California Coast Credit Union is typically an average fee lendor.


Originations

1,534

Origination Dollar Volume (All Markets)

$337,720,000

Awards

California Coast Credit Union 30 Year Conventional Loans silver California Coast Credit Union 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

California Coast Credit Union's average 30 year fixed rate mortgage of loans were 3.07%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.08%.

Relative Fees

California Coast Credit Union's average total fees for a 30 year fixed rate mortgage are $3,672.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1,237 $269,795,000 $218,104 $2,363 3.34%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 230 $42,100,000 $183,043 $2,174 3.45%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 32 $19,210,000 $600,313 $2,990 3.46%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $1,595,000 $319,000 $2,022 3.18%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 5 $945,000 $189,000 $1,154 3.77%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $930,000 $465,000 $4,899 3.56%
EL CENTRO, CA (FHA|USDA|VA) 7 $705,000 $100,714 $24 3.64%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $410,000 $205,000 $0 3.63%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $320,000 $160,000 $1,341 2.88%
Outside of Metro Areas 2 $300,000 $150,000 $1,932 3.49%
STOCKTON, CA (FHA|USDA|VA) 1 $255,000 $255,000 $2,182 2.38%
FRESNO, CA (FHA|USDA|VA) 1 $225,000 $225,000 $4,882 2.75%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $215,000 $215,000 $1,957 3.25%
VALLEJO, CA (FHA|USDA|VA) 2 $170,000 $85,000 $0 3.05%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $150,000 $75,000 $1,238 3.38%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $145,000 $145,000 $0 1.88%
NAPA, CA (FHA|USDA|VA) 1 $145,000 $145,000 $3,331 3.88%
MODESTO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.00%

California Coast Credit Union's top markets include San Diego, Riverside, Los Angeles, Sacramento, and San Francisco among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,534 $337,720,000 $220,156 $2,322 3.36%

For the 2021 period, California Coast Credit Union's most frequently originated loan type of loans were Conventional, with 1,534 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 1,051 $208,945,000 $198,806 $2,250 3.52%
Refi 331 $84,405,000 $255,000 $2,444 2.67%
Other 93 $9,725,000 $104,570 $351 3.92%
Home Purchase 36 $31,660,000 $879,444 $5,300 3.13%
Home Improvement 23 $2,985,000 $129,783 $819 3.83%

For the 2021, California Coast Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 1,051 originations. The 2nd most popular reason of loans were Refi, with 331 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 513 $57,745,000 $112,563 $83 3.93%
30 Year 437 $151,555,000 $346,808 $3,672 3.07%
15 Year 227 $46,875,000 $206,498 $2,120 3.21%
10 Year 192 $46,370,000 $241,510 $40 2.82%
20 Year 134 $31,740,000 $236,866 $2,511 3.44%
5 Year 31 $3,435,000 $110,806 $0 1.98%

For the 2021, California Coast Credit Union's most frequently cited loan length of loans were Other, with 513 originations. The 2nd most popular length of loans were 30 Year, with 437 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 753 $170,535,000 $226,474
$1k-2k 116 $30,710,000 $264,741
$2k-3k 75 $22,315,000 $297,533
$3k-4k 67 $23,965,000 $357,687
$5k+ 35 $16,545,000 $472,714

$3,672 of loans were California Coast Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 753 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 643 $126,635,000 $196,944
2.5-3% 407 $136,035,000 $334,238
<2.5% 291 $58,215,000 $200,052
4-5% 125 $9,415,000 $75,320
5-6% 67 $7,315,000 $109,179
6-7% 1 $105,000 $105,000

During 2021, California Coast Credit Union's average interest rate of loans were 3.07%, while their most frequently originated rate bucket of loans were 3-4%, with 643 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 479 $135,315,000 $282,495 $3,059 3.04%
$100k-200k 447 $62,215,000 $139,183 $1,432 3.33%
$100,000 or less 425 $24,205,000 $56,953 $216 3.91%
$400k-600k 135 $62,965,000 $466,407 $4,186 2.96%
$600k-1MM 34 $25,030,000 $736,176 $4,838 2.90%
$1MM+ 14 $27,990,000 $1,999,286 $5,594 3.17%

2021 saw California Coast Credit Union place emphasis on $200k-400k loans with 479 originations, totaling $135,315,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 454 $90,270,000 $198,833 $2,126 3.40%
$150k-250k 371 $85,385,000 $230,148 $2,163 3.50%
$75k-100k 252 $48,840,000 $193,810 $2,495 3.37%
$50k-75k 224 $42,080,000 $187,857 $2,535 3.13%
$250k+ 111 $34,945,000 $314,820 $2,836 3.53%
$50k or less 109 $14,665,000 $134,541 $2,205 2.98%

California Coast Credit Union lent most frequently to those with incomes in the $100k-150k range, with 454 originations. The second most popular income band? $150k-250k, with 371 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 358 $81,100,000 $226,536 $2,408 3.15%
30-36% 287 $57,205,000 $199,321 $2,341 3.40%
<20% 169 $28,225,000 $167,012 $2,011 3.35%
41% 67 $12,965,000 $193,507 $2,167 3.52%
44% 62 $12,880,000 $207,742 $2,294 3.42%
39% 59 $12,365,000 $209,576 $2,273 3.51%
43% 59 $13,625,000 $230,932 $2,657 3.53%
38% 56 $11,310,000 $201,964 $2,082 3.50%
42% 52 $11,760,000 $226,154 $2,337 3.58%
36% 52 $11,610,000 $223,269 $1,837 3.40%
45% 52 $8,530,000 $164,038 $1,813 3.65%
37% 51 $9,755,000 $191,275 $2,080 3.68%
40% 42 $7,820,000 $186,190 $1,799 3.39%
46% 41 $8,925,000 $217,683 $2,332 3.35%
48% 33 $7,705,000 $233,485 $3,451 3.24%
47% 29 $6,865,000 $236,724 $2,038 3.20%
50-60% 26 $6,490,000 $249,615 $3,359 2.97%
49% 25 $6,375,000 $255,000 $2,955 3.06%
>60% 6 $1,720,000 $286,667 $4,176 2.83%

California Coast Credit Union lent most frequently to those with DTI ratios of 20-30%, with 358 originations. The next most common DTI ratio? 30-36%, with 287 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 960 $197,050,000 $205,260 $2,333 3.39%
Not provided 344 $70,110,000 $203,808 $2,230 3.36%
Asian 98 $21,330,000 $217,653 $2,183 3.16%
Not applicable 8 $20,490,000 $2,561,250 $0 3.25%
Black 53 $12,905,000 $243,491 $2,597 3.28%
Filipino 24 $4,870,000 $202,917 $2,737 3.29%
American Indian 18 $3,790,000 $210,556 $3,339 3.38%
Vietnamese 11 $2,215,000 $201,364 $2,401 2.96%
Asian Indian 4 $1,730,000 $432,500 $0 2.59%
Native Hawaiian 7 $1,225,000 $175,000 $1,024 3.46%
Other Asian 3 $1,065,000 $355,000 $5,678 2.92%
Japanese 1 $465,000 $465,000 $2,277 3.13%
Chinese 2 $440,000 $220,000 $1,129 2.88%
Guamanian 1 $35,000 $35,000 $0 4.50%

Approval Rates

Total approvals of all applications
83.12%

California Coast Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
67.25%

California Coast Credit Union 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 1,534 $337,720,000 $220,156

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,534 $337,720,000 $220,156

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 357 $82,495,000 $231,078 $2,247 3.01%
40-60% 304 $108,400,000 $356,579 $3,027 2.88%
60-80% 162 $70,130,000 $432,901 $4,589 3.09%
80-100% 18 $7,170,000 $398,333 $4,926 3.12%
Over 100% 1 $7,005,000 $7,005,000 $0 3.00%
Under 20% 692 $62,520,000 $90,347 $349 3.82%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Caliber Home Loans, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 32 14.5%
Caliber Home Loans, Inc. Conventional home mortgage Closing on a mortgage 21 9.5%
Caliber Home Loans, Inc. Conventional home mortgage Improper use of your report 1 0.5%
Caliber Home Loans, Inc. Conventional home mortgage Incorrect information on your report 5 2.3%
Caliber Home Loans, Inc. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.5%
Caliber Home Loans, Inc. Conventional home mortgage Struggling to pay mortgage 21 9.5%
Caliber Home Loans, Inc. Conventional home mortgage Trouble during payment process 61 27.6%
Caliber Home Loans, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 12 5.4%
Caliber Home Loans, Inc. FHA mortgage Closing on a mortgage 6 2.7%
Caliber Home Loans, Inc. FHA mortgage Incorrect information on your report 2 0.9%
Caliber Home Loans, Inc. FHA mortgage Struggling to pay mortgage 7 3.2%
Caliber Home Loans, Inc. FHA mortgage Trouble during payment process 17 7.7%
Caliber Home Loans, Inc. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 0.5%
Caliber Home Loans, Inc. Home equity loan or line of credit (HELOC) Trouble during payment process 1 0.5%
Caliber Home Loans, Inc. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 3 1.4%
Caliber Home Loans, Inc. Other type of mortgage Struggling to pay mortgage 3 1.4%
Caliber Home Loans, Inc. Other type of mortgage Trouble during payment process 2 0.9%
Caliber Home Loans, Inc. VA mortgage Applying for a mortgage or refinancing an existing mortgage 3 1.4%
Caliber Home Loans, Inc. VA mortgage Closing on a mortgage 4 1.8%
Caliber Home Loans, Inc. VA mortgage Struggling to pay mortgage 4 1.8%
Caliber Home Loans, Inc. VA mortgage Trouble during payment process 14 6.3%