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 46 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    California Coast Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. California Coast Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Diego, Riverside, Los Angeles, San Jose, and Sacramento among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    California Coast Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. California Coast Credit Union is typically an average 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
    Home Equity Line of Credit (HELOC) 5.88% 3/24/23
    30 Year Conventional Purchase 6.05% 3/24/23
    30 Year Conventional Refi 5.70% 3/24/23
    30 Year Cash-out Refi 6.00% 3/24/23
    15 Year Conventional Purchase 6.61% 3/24/23
    15 Year Conventional Refi 5.51% 3/24/23
    15 Year Cash-out Refi 5.51% 3/24/23
    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.


    Originations

    2,075

    Origination Dollar Volume (All Markets)

    $427,115,000

    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 mortgage rate was 3.24%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -1.52%.

    Relative Fees (Closing Costs)

    California Coast Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,720.

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

    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
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1,537 $292,065,000 $190,023 $1,704 4.27%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 353 $52,025,000 $147,380 $1,407 4.43%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 79 $28,075,000 $355,380 $3,505 4.22%
    Outside of Metro Areas 23 $11,325,000 $492,391 $5,443 3.79%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 13 $10,335,000 $795,000 $4,659 3.52%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 20 $7,070,000 $353,500 $3,113 4.28%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 10 $6,830,000 $683,000 $4,508 3.50%
    EL CENTRO, CA (FHA|USDA|VA) 7 $6,775,000 $967,857 $1,356 4.26%
    STOCKTON, CA (FHA|USDA|VA) 9 $5,205,000 $578,333 $5,572 3.79%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $3,760,000 $1,880,000 $0 3.38%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 7 $1,245,000 $177,857 $2,498 5.19%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $505,000 $168,333 $0 5.07%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $435,000 $145,000 $0 3.49%
    BAKERSFIELD, CA (FHA|USDA|VA) 3 $335,000 $111,667 $0 5.29%
    VALLEJO, CA (FHA|USDA|VA) 1 $285,000 $285,000 $4,155 7.25%
    SALINAS, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.98%
    CHICO, CA (FHA|USDA|VA) 1 $205,000 $205,000 $2,137 2.88%
    VISALIA, CA (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.13%
    YUBA CITY, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.25%
    MODESTO, CA (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.25%
    California Coast Credit Union's top markets include San Diego, Riverside, Los Angeles, San Jose, and Sacramento among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against California Coast Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Los Angeles Federal Credit Union
    Similarity Rank: 136
    Credence Funding Corporation
    Similarity Rank: 316
    First City Credit Union
    Similarity Rank: 616
    Chaffey Federal Credit Union
    Similarity Rank: 644
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 762
    MYPOINT Credit Union
    Similarity Rank: 770
    USC Credit Union
    Similarity Rank: 770
    MONARCH FUNDING CORP.
    Similarity Rank: 1132
    ALTURA
    Similarity Rank: 1349

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,181 $160,235,000 $135,677 n/a 4.32%
    Conventional 894 $266,880,000 $298,523 $1,900 4.24%

    For 2022, California Coast Credit Union's most frequently originated type of loan was HELOC, with 1,181 originations. Their 2nd most popular type was Conventional, with 894 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 1,166 $199,210,000 $170,849 $1,305 4.33%
    Home Improvement 670 $81,520,000 $121,672 $105 4.59%
    Home Purchase 117 $96,965,000 $828,761 $6,820 3.49%
    Refi 112 $48,240,000 $430,714 $2,815 2.81%
    Other 10 $1,180,000 $118,000 $0 4.62%

    For 2022, California Coast Credit Union's most frequently cited loan purpose was Cash Out Refi, with 1,166 originations. The 2nd most popular reason was Home Improvement, with 670 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,192 $163,880,000 $137,483 $45 4.30%
    30 Year 300 $175,400,000 $584,667 $4,720 3.24%
    15 Year 265 $33,825,000 $127,642 $717 4.57%
    10 Year 183 $33,815,000 $184,781 $20 4.48%
    20 Year 129 $19,285,000 $149,496 $665 5.77%
    5 Year 6 $910,000 $151,667 $0 2.38%

    For 2022, California Coast Credit Union's most frequently cited loan duration was Other, with 1,192 originations. The 2nd most popular length was 30 Year, with 300 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 788 $206,020,000 $261,447
    $1k-2k 26 $8,410,000 $323,462
    $2k-3k 22 $6,820,000 $310,000
    $5k+ 21 $11,675,000 $555,952
    $4k-5k 18 $8,400,000 $466,667
    $3k-4k 12 $3,350,000 $279,167

    California Coast Credit Union's average total fees were $4,720, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 788 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,136 $230,470,000 $202,879
    5-6% 254 $31,030,000 $122,165
    4-5% 234 $30,900,000 $132,051
    6-7% 175 $18,515,000 $105,800
    2.5-3% 133 $53,355,000 $401,165
    <2.5% 113 $59,145,000 $523,407
    7-8% 28 $3,460,000 $123,571
    Over 8% 2 $240,000 $120,000

    During 2022, California Coast Credit Union's average interest rate for loans was 3.24%, while their most frequently originated rate bucket for loans was 3-4%, with 1,136 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 724 $42,550,000 $58,771 $85 4.71%
    $100k-200k 699 $93,565,000 $133,856 $623 4.37%
    $200k-400k 436 $112,040,000 $256,972 $2,714 4.01%
    $600k-1MM 92 $70,920,000 $770,870 $5,468 3.09%
    $400k-600k 81 $40,565,000 $500,802 $4,940 3.29%
    $1MM+ 43 $67,475,000 $1,569,186 $6,742 2.90%

    2022 saw California Coast Credit Union place emphasis on $100,000 or less loans with 724 originations, totaling $42,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 669 $140,235,000 $209,619 $1,838 4.31%
    $100k-150k 647 $104,495,000 $161,507 $1,614 4.37%
    $250k+ 298 $114,400,000 $383,893 $3,497 4.23%
    $75k-100k 240 $31,290,000 $130,375 $1,451 4.24%
    $50k-75k 145 $17,755,000 $122,448 $1,308 4.30%
    $50k or less 71 $17,415,000 $245,282 $1,531 3.62%

    California Coast Credit Union lent most frequently to those with incomes in the $150k-250k range, with 669 originations. The second most popular income band? $100k-150k, with 647 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 420 $81,300,000 $193,571 $1,842 4.22%
    20-30% 402 $73,690,000 $183,308 $1,759 4.27%
    <20% 130 $48,610,000 $373,923 $2,564 4.09%
    44% 106 $23,410,000 $220,849 $2,083 4.38%
    41% 103 $23,515,000 $228,301 $2,757 4.13%
    42% 98 $23,180,000 $236,531 $2,530 4.12%
    40% 96 $21,810,000 $227,188 $2,318 4.32%
    39% 87 $16,985,000 $195,230 $1,562 4.51%
    43% 87 $13,835,000 $159,023 $1,360 4.61%
    37% 81 $15,775,000 $194,753 $2,021 4.31%
    38% 78 $13,310,000 $170,641 $1,405 4.20%
    45% 74 $16,880,000 $228,108 $2,308 4.43%
    46% 70 $12,690,000 $181,286 $1,155 4.40%
    36% 63 $11,665,000 $185,159 $1,696 4.48%
    47% 63 $9,105,000 $144,524 $972 4.21%
    48% 55 $7,745,000 $140,818 $933 4.25%
    49% 44 $8,800,000 $200,000 $1,649 4.57%
    50-60% 15 $4,135,000 $275,667 $3,753 4.24%
    >60% 3 $675,000 $225,000 $3,182 2.71%

    California Coast Credit Union lent most frequently to those with DTI ratios of 30-36%, with 420 originations. The next most common DTI ratio? 20-30%, with 402 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,316 $235,920,000 $179,271 $1,596 4.28%
    Not provided 409 $73,935,000 $180,770 $1,663 4.36%
    Asian 170 $55,330,000 $325,471 $3,630 4.11%
    Not applicable 7 $22,205,000 $3,172,143 $0 3.25%
    Black 66 $11,970,000 $181,364 $2,603 4.54%
    Asian Indian 18 $11,450,000 $636,111 $4,849 3.42%
    American Indian 29 $4,595,000 $158,448 $1,597 4.33%
    Filipino 29 $4,565,000 $157,414 $935 4.56%
    Native Hawaiian or Islander 12 $2,250,000 $187,500 $1,364 4.47%
    Vietnamese 7 $2,185,000 $312,143 $2,883 3.58%
    Other Asian 4 $1,170,000 $292,500 $1,944 4.21%
    Korean 3 $765,000 $255,000 $3,861 3.58%
    Other Pacific Islander 1 $415,000 $415,000 $5,746 4.13%
    Chinese 2 $310,000 $155,000 $0 3.63%
    Japanese 1 $25,000 $25,000 $0 7.00%
    Samoan 1 $25,000 $25,000 $0 3.98%

    Approval Rates

    Total approvals of all applications
    87.74%

    California Coast Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.37%

    California Coast Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,075 $427,115,000 $205,839

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,075 $427,115,000 $205,839

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 340 $84,690,000 $249,088 $2,394 3.95%
    40-60% 101 $49,895,000 $494,010 $3,580 3.36%
    60-80% 115 $77,265,000 $671,870 $5,204 3.32%
    80-100% 71 $55,465,000 $781,197 $6,110 3.29%
    Under 20% 1,448 $159,800,000 $110,359 $165 4.55%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Caliber Home Loans, Inc. Conventional home mortgage Struggling to pay mortgage 1 10.0%
    Caliber Home Loans, Inc. Conventional home mortgage Trouble during payment process 3 30.0%
    Caliber Home Loans, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 20.0%
    Caliber Home Loans, Inc. FHA mortgage Trouble during payment process 2 20.0%
    Caliber Home Loans, Inc. VA mortgage Trouble during payment process 2 20.0%