California Coast Credit Union Mortgage Rates, Fees & InfoSan Diego, CA
Tax ID: 95-1185803
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCalifornia 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.
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|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.|
Origination Dollar Volume (All Markets)$427,115,000
California Coast Credit Union's average 30 year fixed mortgage rate was
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.
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%|
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
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.
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.
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|
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.
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.
2022 saw California Coast Credit Union place emphasis on $100,000 or less loans with 724 originations, totaling $42,550,000 in origination value.
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
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.
Approval RatesTotal approvals of all applications
California Coast Credit Union has an average approval rate.
Pick RateApprovals leading to origination
California Coast Credit Union has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|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%|