California Coast Credit Union Mortgage Rates, Fees & Info
San Diego, CALEI: 549300O1ESL3X18LPG95
Tax ID: 95-1185803
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
1,534Origination Dollar Volume (All Markets)
$337,720,000Awards
California Coast Credit Union - 2021
California Coast Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications83.12%
California Coast Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination67.25%
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% |
