California Coast Credit Union Mortgage Rates, Fees & Info

San Diego, CA

LEI: 549300O1ESL3X18LPG95

Tax ID: 95-1185803

5 stars - Updated: 12/16/24 - out of 5 stars, based on 41 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    California Coast Credit Union is a smaller credit union specializing in Home Improvement and Cash Out Refi 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 Francisco, and Sacramento among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

    California Coast Credit Union 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. 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 relatively high 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% 12/16/24
    30 Year Conventional Purchase 6.05% 12/16/24
    30 Year Conventional Refi 5.70% 12/16/24
    30 Year Cash-out Refi 6.00% 12/16/24
    15 Year Conventional Purchase 6.61% 12/16/24
    15 Year Conventional Refi 5.51% 12/16/24
    15 Year Cash-out Refi 5.51% 12/16/24
    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.

    California Coast Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from California Coast Credit Union. 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

    1,709

    Origination Dollar Volume (All Markets)

    $235,795,000

    Awards

    California Coast Credit Union 30 Year Conventional Loans gold
    Show all (1) awards

    Relative Rate

    California Coast Credit Union's average 30 year fixed mortgage rate was 6.67%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.19%.

    Relative Fees (Closing Costs)

    California Coast Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,510.

    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 $9,089.

    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) 1,288 $180,650,000 $140,256 $565 7.44%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 289 $29,795,000 $103,097 $442 7.43%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 56 $8,930,000 $159,464 $0 8.24%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 16 $6,720,000 $420,000 $4,804 7.03%
    Outside of Metro Areas 11 $2,865,000 $260,455 $2,317 7.16%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 15 $1,895,000 $126,333 $203 8.28%
    STOCKTON, CA (FHA|USDA|VA) 3 $1,035,000 $345,000 $3,234 7.29%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $675,000 $135,000 $0 7.90%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $565,000 $188,333 $0 8.25%
    FRESNO, CA (FHA|USDA|VA) 3 $465,000 $155,000 $1,919 7.83%
    SALINAS, CA (FHA|USDA|VA) 2 $410,000 $205,000 $1,411 7.69%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $350,000 $175,000 $2,531 8.00%
    VISALIA, CA (FHA|USDA|VA) 1 $305,000 $305,000 $2,184 8.00%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $260,000 $130,000 $0 8.38%
    MODESTO, CA (FHA|USDA|VA) 3 $155,000 $51,667 $0 7.88%
    EL CENTRO, CA (FHA|USDA|VA) 3 $145,000 $48,333 $0 7.17%
    YUBA CITY, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.00%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.50%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $110,000 $55,000 $0 7.50%
    CHICO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.50%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.50%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.88%
    California Coast Credit Union's top markets include San Diego, Riverside, Los Angeles, San Francisco, and Sacramento among others.

    Their top states include:
  • California (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: 72
    MISSION
    Similarity Rank: 93
    LBS FINANCIAL
    Similarity Rank: 258
    Water and Power Community Credit Union
    Similarity Rank: 261
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 312
    SOUTHLAND CREDIT UNION
    Similarity Rank: 342
    FIRST ENTERTAINMENT
    Similarity Rank: 351
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 477
    LA Financial Federal Credit Union
    Similarity Rank: 660
    I.L.W.U. CREDIT UNION
    Similarity Rank: 680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,166 $161,140,000 $138,199 n/a 7.53%
    Conventional 543 $74,655,000 $137,486 $627 7.35%

    For 2023, California Coast Credit Union's most frequently originated type of loan was HELOC, with 1,166 originations. Their 2nd most popular type was Conventional, with 543 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 991 $123,425,000 $124,546 $32 7.49%
    Cash Out Refi 588 $74,750,000 $127,126 $430 7.47%
    Other 82 $9,800,000 $119,512 $19 7.71%
    Home Purchase 44 $25,500,000 $579,545 $6,656 6.80%
    Refi 4 $2,320,000 $580,000 $5,544 6.59%

    For 2023, California Coast Credit Union's most frequently cited loan purpose was Home Improvement, with 991 originations. The 2nd most popular reason was Cash Out Refi, with 588 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,167 $161,425,000 $138,325 $0 7.53%
    10 Year 195 $19,055,000 $97,718 $23 6.94%
    20 Year 164 $16,210,000 $98,841 $101 7.95%
    15 Year 124 $10,690,000 $86,210 $79 7.57%
    30 Year 56 $28,170,000 $503,036 $5,510 6.67%
    5 Year 3 $245,000 $81,667 $0 5.88%

    For 2023, California Coast Credit Union's most frequently cited loan duration was Other, with 1,167 originations. The 2nd most popular length was 10 Year, with 195 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 526 $66,000,000 $125,475
    $1k-2k 5 $805,000 $161,000
    $4k-5k 5 $1,495,000 $299,000
    $5k+ 4 $1,910,000 $477,500
    $2k-3k 1 $335,000 $335,000

    California Coast Credit Union's average total fees were $5,510, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 526 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 1,043 $136,625,000 $130,992
    6-7% 491 $72,385,000 $147,424
    Over 8% 142 $18,700,000 $131,690
    5-6% 28 $7,390,000 $263,929
    3-4% 4 $640,000 $160,000
    4-5% 1 $55,000 $55,000

    During 2023, California Coast Credit Union's average interest rate for loans was 6.67%, while their most frequently originated rate bucket for loans was 7-8%, with 1,043 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 693 $39,875,000 $57,540 $52 7.44%
    $100k-200k 632 $84,230,000 $133,275 $160 7.56%
    $200k-400k 354 $86,640,000 $244,746 $1,986 7.47%
    $400k-600k 11 $5,235,000 $475,909 $7,161 7.05%
    $600k-1MM 11 $8,805,000 $800,455 $6,207 6.43%
    $1MM+ 8 $11,010,000 $1,376,250 $7,759 6.16%

    2023 saw California Coast Credit Union place emphasis on $100,000 or less loans with 693 originations, totaling $39,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 530 $78,760,000 $148,604 $733 7.45%
    $100k-150k 527 $62,425,000 $118,454 $405 7.48%
    $250k+ 275 $57,075,000 $207,545 $1,295 7.55%
    $75k-100k 219 $20,435,000 $93,311 $366 7.47%
    $50k-75k 122 $9,460,000 $77,541 $175 7.45%
    $50k or less 33 $3,275,000 $99,242 $1,630 7.25%

    California Coast Credit Union lent most frequently to those with incomes in the $150k-250k range, with 530 originations. The second most popular income band? $100k-150k, with 527 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 286 $35,320,000 $123,497 $265 7.43%
    30-36% 258 $35,710,000 $138,411 $689 7.40%
    49% 149 $17,915,000 $120,235 $118 7.60%
    47% 94 $12,000,000 $127,660 $194 7.55%
    48% 88 $12,590,000 $143,068 $1,133 7.40%
    <20% 84 $11,590,000 $137,976 $601 7.59%
    50-60% 82 $10,410,000 $126,951 $389 7.73%
    43% 79 $11,375,000 $143,987 $1,076 7.53%
    38% 70 $9,730,000 $139,000 $816 7.46%
    45% 67 $10,665,000 $159,179 $1,031 7.46%
    44% 67 $11,035,000 $164,701 $1,038 7.46%
    42% 60 $10,060,000 $167,667 $2,298 7.44%
    39% 58 $8,240,000 $142,069 $807 7.32%
    46% 56 $6,590,000 $117,679 $38 7.52%
    41% 55 $7,255,000 $131,909 $693 7.39%
    40% 54 $6,600,000 $122,222 $353 7.57%
    37% 50 $7,140,000 $142,800 $583 7.42%
    36% 41 $6,195,000 $151,098 $484 7.25%
    >60% 9 $1,265,000 $140,556 $0 7.72%

    California Coast Credit Union lent most frequently to those with DTI ratios of 20-30%, with 286 originations. The next most common DTI ratio? 30-36%, with 258 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,060 $135,640,000 $127,962 $472 7.41%
    Not provided 437 $60,035,000 $137,380 $562 7.62%
    Asian 87 $15,625,000 $179,598 $1,091 7.55%
    Black 54 $6,700,000 $124,074 $552 7.63%
    Asian Indian 7 $4,945,000 $706,429 $7,968 6.41%
    Not applicable 2 $4,110,000 $2,055,000 $0 5.75%
    Filipino 20 $2,430,000 $121,500 $1,217 7.36%
    American Indian 18 $1,790,000 $99,444 $641 7.30%
    Chinese 4 $1,670,000 $417,500 $4,690 8.03%
    Native Hawaiian or Islander 7 $885,000 $126,429 $0 7.48%
    Other Asian 4 $500,000 $125,000 $0 7.66%
    Japanese 3 $455,000 $151,667 $0 7.50%
    Vietnamese 2 $410,000 $205,000 $0 7.75%
    Other Pacific Islander 2 $290,000 $145,000 $0 7.38%
    Korean 1 $205,000 $205,000 $0 6.75%
    Samoan 1 $105,000 $105,000 $0 7.75%

    Approval Rates

    Total approvals of all applications
    91.42%

    California Coast Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.88%

    California Coast Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,709 $235,795,000 $137,972

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,709 $235,795,000 $137,972

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 302 $61,720,000 $204,371 $1,494 7.58%
    40-60% 17 $7,355,000 $432,647 $4,666 7.65%
    60-80% 19 $13,575,000 $714,474 $6,692 6.63%
    80-100% 13 $8,345,000 $641,923 $6,293 6.90%
    Under 20% 1,358 $144,800,000 $106,627 $76 7.46%