California Coast Credit Union Mortgage Rates, Fees & Info

San Diego, CA

LEI: 549300O1ESL3X18LPG95

Tax ID: 95-1185803

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 small credit union specializing in Home Purchase loans. California Coast Credit Union has a high proportion of conventional loans.

    California Coast Credit Union has an 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 a low 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    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

    1,672

    Origination Dollar Volume (All Markets)

    $1,078,930,000

    Awards

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

    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
    Outside of Metro Areas 1,672 $1,078,930,000 $645,293 $1,942 4.48%
    California Coast Credit Union's top markets include

    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.

    MYPOINT Credit Union
    Similarity Rank: 55
    FRONTWAVE
    Similarity Rank: 176
    LBS FINANCIAL
    Similarity Rank: 210
    Cabrillo Credit Union
    Similarity Rank: 248
    LA Financial Federal Credit Union
    Similarity Rank: 321
    Water and Power Community Credit Union
    Similarity Rank: 500
    Christian Community Credit Union
    Similarity Rank: 515
    ALTA VISTA CREDIT UNION
    Similarity Rank: 612
    PASADENA SERVICE FEDERAL CREDIT UNION
    Similarity Rank: 612
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 732

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,025 $106,125,000 $103,537 n/a 4.33%
    Conventional 646 $972,410,000 $1,505,279 $1,924 4.73%
    VA 1 $395,000 $395,000 $13,651 4.88%

    For 2018, California Coast Credit Union's most frequently originated type of loan was HELOC, with 1,025 originations. Their 2nd most popular type was Conventional, with 646 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 1,090 $143,470,000 $131,624 $1,369 4.50%
    Other 353 $32,185,000 $91,176 $21 4.86%
    Home Purchase 106 $867,690,000 $8,185,755 $5,125 3.94%
    Refi 100 $28,830,000 $288,300 $2,013 3.64%
    Home Improvement 21 $5,805,000 $276,429 $2,389 4.12%
    NA 2 $950,000 $475,000 $0 4.31%

    For 2018, California Coast Credit Union's most frequently cited loan purpose was Cash Out Refi, with 1,090 originations. The 2nd most popular reason was Other, with 353 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,051 $108,895,000 $103,611 $130 4.29%
    30 Year 310 $113,990,000 $367,710 $3,667 4.02%
    10 Year 172 $840,390,000 $4,885,988 $33 5.29%
    15 Year 78 $8,020,000 $102,821 $813 6.09%
    20 Year 49 $6,575,000 $134,184 $1,094 6.40%
    5 Year 12 $1,060,000 $88,333 $162 3.17%

    For 2018, California Coast Credit Union's most frequently cited loan duration was Other, with 1,051 originations. The 2nd most popular length was 30 Year, with 310 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 570 $123,480,000 $216,632
    $1k-2k 34 $9,340,000 $274,706
    $2k-3k 14 $4,720,000 $337,143
    $4k-5k 10 $3,300,000 $330,000
    $3k-4k 9 $2,845,000 $316,111
    $5k+ 5 $2,185,000 $437,000

    California Coast Credit Union's average total fees were $3,667, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 570 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,041 $448,015,000 $430,370
    5-6% 228 $23,840,000 $104,561
    4-5% 170 $576,750,000 $3,392,647
    6-7% 139 $9,545,000 $68,669
    2.5-3% 54 $18,190,000 $336,852
    7-8% 36 $2,420,000 $67,222
    Over 8% 4 $170,000 $42,500

    During 2018, California Coast Credit Union's average interest rate for loans was 4.02%, while their most frequently originated rate bucket for loans was 3-4%, with 1,041 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 813 $42,605,000 $52,405 $117 4.81%
    $100k-200k 396 $53,560,000 $135,253 $1,387 4.27%
    $200k-400k 341 $92,295,000 $270,660 $3,185 4.17%
    $400k-600k 91 $43,695,000 $480,165 $4,090 3.89%
    $600k-1MM 26 $18,570,000 $714,231 $4,366 3.64%
    $1MM+ 5 $828,205,000 $165,641,000 $4,785 3.75%

    2018 saw California Coast Credit Union place emphasis on $100,000 or less loans with 813 originations, totaling $42,605,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 505 $73,255,000 $145,059 $1,788 4.57%
    $150k-250k 414 $373,180,000 $901,401 $2,196 4.50%
    $75k-100k 318 $40,160,000 $126,289 $1,745 4.48%
    $50k-75k 225 $24,765,000 $110,067 $1,769 4.33%
    $250k+ 131 $559,615,000 $4,271,870 $2,954 4.49%
    $50k or less 74 $6,790,000 $91,757 $1,775 4.21%

    California Coast Credit Union lent most frequently to those with incomes in the $100k-150k range, with 505 originations. The second most popular income band? $150k-250k, with 414 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 356 $42,830,000 $120,309 $1,074 4.49%
    20-30% 337 $53,525,000 $158,828 $1,734 4.35%
    30-36% 259 $42,785,000 $165,193 $2,183 4.53%
    42% 81 $11,085,000 $136,852 $1,859 4.81%
    41% 74 $10,480,000 $141,622 $1,362 4.86%
    38% 68 $12,400,000 $182,353 $2,317 4.50%
    44% 58 $10,020,000 $172,759 $2,043 4.15%
    43% 56 $6,270,000 $111,964 $1,077 4.38%
    36% 55 $10,165,000 $184,818 $2,352 4.35%
    37% 49 $8,555,000 $174,592 $2,368 4.63%
    40% 49 $7,535,000 $153,776 $2,592 4.42%
    39% 44 $8,560,000 $194,545 $2,797 4.54%
    45% 40 $5,510,000 $137,750 $1,960 4.93%
    46% 35 $4,025,000 $115,000 $2,743 4.30%
    >60% 32 $6,720,000 $210,000 $2,959 4.77%
    47% 27 $3,395,000 $125,741 $1,714 4.36%
    48% 20 $2,810,000 $140,500 $3,945 4.17%
    50-60% 15 $2,545,000 $169,667 $2,248 4.19%
    49% 10 $2,120,000 $212,000 $3,792 4.23%

    California Coast Credit Union lent most frequently to those with DTI ratios of <20%, with 356 originations. The next most common DTI ratio? 20-30%, with 337 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 8 $827,710,000 $103,463,750 $2,811 4.01%
    White 1,258 $184,760,000 $146,868 $1,907 4.45%
    Asian 117 $24,055,000 $205,598 $2,861 4.31%
    Not provided 173 $23,295,000 $134,653 $1,241 4.68%
    Black 52 $7,870,000 $151,346 $2,085 4.81%
    Asian Indian 8 $3,610,000 $451,250 $3,968 4.08%
    American Indian 22 $3,040,000 $138,182 $2,094 4.49%
    Native Hawaiian or Islander 4 $840,000 $210,000 $3,000 3.87%
    Other Asian 5 $685,000 $137,000 $1,156 5.02%
    Filipino 8 $660,000 $82,500 $0 4.93%
    Vietnamese 4 $630,000 $157,500 $0 4.84%
    Chinese 5 $595,000 $119,000 $0 4.79%
    Korean 2 $510,000 $255,000 $0 3.98%
    Guamanian 2 $300,000 $150,000 $1,177 5.81%
    Other Pacific Islander 1 $205,000 $205,000 $0 3.98%
    Japanese 2 $100,000 $50,000 $0 5.75%
    Samoan 1 $65,000 $65,000 $0 6.00%

    Approval Rates

    Total approvals of all applications
    79.35%

    California Coast Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    72.97%

    California Coast Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,672 $1,078,930,000 $645,293

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $95,000 $95,000
    Single Family (1-4 Units):Site-Built 1,671 $1,078,835,000 $645,622

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 333 $60,855,000 $182,748 $1,506 4.20%
    40-60% 133 $38,225,000 $287,406 $2,588 4.03%
    60-80% 156 $58,980,000 $378,077 $3,781 4.24%
    80-100% 59 $25,345,000 $429,576 $4,488 3.91%
    Over 100% 6 $826,330,000 $137,721,667 $6,173 4.08%
    Under 20% 984 $68,640,000 $69,756 $104 4.72%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Caliber Home Loans, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 9 2.5%
    Caliber Home Loans, Inc. Conventional home mortgage Closing on a mortgage 7 1.9%
    Caliber Home Loans, Inc. Conventional home mortgage Incorrect information on your report 2 0.6%
    Caliber Home Loans, Inc. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 3 0.8%
    Caliber Home Loans, Inc. Conventional home mortgage Struggling to pay mortgage 61 16.9%
    Caliber Home Loans, Inc. Conventional home mortgage Trouble during payment process 115 31.9%
    Caliber Home Loans, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 5 1.4%
    Caliber Home Loans, Inc. FHA mortgage Closing on a mortgage 6 1.7%
    Caliber Home Loans, Inc. FHA mortgage Incorrect information on your report 2 0.6%
    Caliber Home Loans, Inc. FHA mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.3%
    Caliber Home Loans, Inc. FHA mortgage Struggling to pay mortgage 38 10.5%
    Caliber Home Loans, Inc. FHA mortgage Trouble during payment process 29 8.0%
    Caliber Home Loans, Inc. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 0.3%
    Caliber Home Loans, Inc. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 0.6%
    Caliber Home Loans, Inc. Home equity loan or line of credit (HELOC) Trouble during payment process 5 1.4%
    Caliber Home Loans, Inc. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 6 1.7%
    Caliber Home Loans, Inc. Other type of mortgage Closing on a mortgage 8 2.2%
    Caliber Home Loans, Inc. Other type of mortgage Struggling to pay mortgage 23 6.4%
    Caliber Home Loans, Inc. Other type of mortgage Trouble during payment process 21 5.8%
    Caliber Home Loans, Inc. VA mortgage Closing on a mortgage 1 0.3%
    Caliber Home Loans, Inc. VA mortgage Struggling to pay mortgage 5 1.4%
    Caliber Home Loans, Inc. VA mortgage Trouble during payment process 11 3.0%