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

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  • 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 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 by origination volume include: San Diego, Riverside, Los Angeles, Sacramento, and Oxnard among others. We have data for 16 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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 5.88% 4/21/24
    30 Year Conventional Purchase 6.05% 4/21/24
    30 Year Conventional Refi 5.70% 4/21/24
    30 Year Cash-out Refi 6.00% 4/21/24
    15 Year Conventional Purchase 6.61% 4/21/24
    15 Year Conventional Refi 5.51% 4/21/24
    15 Year Cash-out Refi 5.51% 4/21/24
    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

    1,446

    Origination Dollar Volume (All Markets)

    $333,370,000

    Awards

    California Coast Credit Union 30 Year Conventional Loans bronze
    Show all (1) 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
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1,157 $272,155,000 $235,225 $2,392 3.55%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 206 $37,860,000 $183,786 $2,158 3.74%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 32 $10,060,000 $314,375 $2,849 3.91%
    Outside of Metro Areas 24 $5,970,000 $248,750 $3,589 3.52%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 10 $2,450,000 $245,000 $1,911 3.37%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $1,855,000 $618,333 $4,299 3.25%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $1,135,000 $378,333 $4,052 3.45%
    SALINAS, CA (FHA|USDA|VA) 2 $710,000 $355,000 $3,245 3.06%
    FRESNO, CA (FHA|USDA|VA) 2 $220,000 $110,000 $4,792 4.38%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.00%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $205,000 $205,000 $3,319 4.75%
    VALLEJO, CA (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.25%
    EL CENTRO, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.25%
    VISALIA, CA (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.25%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.25%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.75%
    California Coast Credit Union's top markets include San Diego, Riverside, Los Angeles, Sacramento, and Oxnard 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.

    Chaffey Federal Credit Union
    Similarity Rank: 345
    MANHATTAN FINANCIAL GROUP, INC.
    Similarity Rank: 384
    MYPOINT Credit Union
    Similarity Rank: 560
    ALTURA
    Similarity Rank: 628
    Christian Community Credit Union
    Similarity Rank: 716
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 1053
    FFC Mortgage Corp.
    Similarity Rank: 1428
    LA Financial Federal Credit Union
    Similarity Rank: 1677
    LONG BEACH FIREMEN S CREDIT UNION
    Similarity Rank: 1848
    SOUTHLAND CREDIT UNION
    Similarity Rank: 1974

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,009 $289,955,000 $287,369 $2,396 3.35%
    HELOC 437 $43,415,000 $99,348 n/a 4.13%

    For 2020, California Coast Credit Union's most frequently originated type of loan was Conventional, with 1,009 originations. Their 2nd most popular type was HELOC, with 437 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 655 $157,455,000 $240,389 $2,575 3.56%
    Refi 417 $124,135,000 $297,686 $2,195 3.10%
    Other 335 $31,115,000 $92,881 $30 4.26%
    Home Purchase 38 $20,560,000 $541,053 $6,039 3.38%
    Home Improvement 1 $105,000 $105,000 $0 3.98%

    For 2020, California Coast Credit Union's most frequently cited loan purpose was Cash Out Refi, with 655 originations. The 2nd most popular reason was Refi, with 417 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 484 $50,510,000 $104,360 $85 3.99%
    30 Year 459 $178,135,000 $388,094 $3,836 3.41%
    10 Year 236 $39,180,000 $166,017 $58 3.29%
    15 Year 127 $29,945,000 $235,787 $2,400 3.57%
    20 Year 102 $31,790,000 $311,667 $3,210 3.51%
    5 Year 38 $3,810,000 $100,263 $34 2.66%

    For 2020, California Coast Credit Union's most frequently cited loan duration was Other, with 484 originations. The 2nd most popular length was 30 Year, with 459 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 757 $202,925,000 $268,065
    $1k-2k 100 $25,060,000 $250,600
    $2k-3k 63 $21,005,000 $333,413
    $3k-4k 35 $12,565,000 $359,000
    $5k+ 28 $14,230,000 $508,214
    $4k-5k 22 $8,240,000 $374,545

    California Coast Credit Union's average total fees were $3,836, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 757 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 882 $217,080,000 $246,122
    2.5-3% 388 $98,510,000 $253,892
    4-5% 83 $9,075,000 $109,337
    5-6% 63 $6,185,000 $98,175
    <2.5% 19 $2,005,000 $105,526
    6-7% 8 $380,000 $47,500
    7-8% 2 $80,000 $40,000
    Over 8% 1 $55,000 $55,000

    During 2020, California Coast Credit Union's average interest rate for loans was 3.41%, while their most frequently originated rate bucket for loans was 3-4%, with 882 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 429 $122,525,000 $285,606 $2,991 3.36%
    $100,000 or less 416 $23,560,000 $56,635 $205 4.03%
    $100k-200k 381 $53,255,000 $139,777 $1,304 3.49%
    $400k-600k 134 $62,930,000 $469,627 $4,458 3.36%
    $600k-1MM 78 $58,820,000 $754,103 $3,871 3.33%
    $1MM+ 8 $12,280,000 $1,535,000 $6,109 3.28%

    2020 saw California Coast Credit Union place emphasis on $200k-400k loans with 429 originations, totaling $122,525,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 392 $84,970,000 $216,760 $2,501 3.62%
    $150k-250k 359 $92,305,000 $257,117 $2,271 3.60%
    $75k-100k 252 $44,950,000 $178,373 $2,357 3.56%
    $50k-75k 172 $26,050,000 $151,453 $1,886 3.56%
    $250k+ 165 $69,555,000 $421,545 $3,238 3.53%
    $50k or less 100 $13,700,000 $137,000 $1,961 3.59%

    California Coast Credit Union lent most frequently to those with incomes in the $100k-150k range, with 392 originations. The second most popular income band? $150k-250k, with 359 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 411 $62,835,000 $152,883 $1,566 3.73%
    20-30% 323 $85,265,000 $263,978 $2,422 3.41%
    30-36% 225 $64,025,000 $284,556 $2,744 3.49%
    50-60% 47 $11,825,000 $251,596 $2,486 3.48%
    45% 40 $10,030,000 $250,750 $2,787 3.80%
    42% 38 $9,880,000 $260,000 $3,133 3.75%
    38% 38 $12,010,000 $316,053 $3,186 3.64%
    39% 36 $10,900,000 $302,778 $3,220 3.69%
    36% 35 $8,225,000 $235,000 $3,156 3.52%
    40% 31 $5,795,000 $186,935 $2,220 3.73%
    >60% 31 $7,535,000 $243,065 $2,378 3.58%
    41% 29 $5,565,000 $191,897 $2,183 3.71%
    37% 27 $6,465,000 $239,444 $2,101 3.39%
    43% 24 $3,640,000 $151,667 $2,186 3.97%
    48% 23 $5,555,000 $241,522 $1,862 3.27%
    46% 23 $5,045,000 $219,348 $2,216 3.54%
    44% 23 $4,925,000 $214,130 $2,780 3.70%
    47% 17 $2,735,000 $160,882 $1,806 3.85%
    49% 15 $3,155,000 $210,333 $2,818 3.40%

    California Coast Credit Union lent most frequently to those with DTI ratios of <20%, with 411 originations. The next most common DTI ratio? 20-30%, with 323 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 984 $220,510,000 $224,096 $2,455 3.60%
    Not provided 270 $60,600,000 $224,444 $2,315 3.60%
    Asian 90 $22,450,000 $249,444 $2,076 3.43%
    Black 31 $6,215,000 $200,484 $2,622 3.61%
    Not applicable 5 $6,015,000 $1,203,000 $0 3.55%
    Filipino 19 $5,295,000 $278,684 $1,794 3.56%
    American Indian 10 $2,910,000 $291,000 $3,304 3.44%
    Asian Indian 10 $2,810,000 $281,000 $3,120 3.70%
    Korean 3 $1,935,000 $645,000 $4,223 3.04%
    Chinese 4 $1,670,000 $417,500 $2,104 3.53%
    Native Hawaiian or Islander 6 $1,220,000 $203,333 $2,519 3.43%
    Vietnamese 8 $1,150,000 $143,750 $474 3.03%
    Other Asian 3 $435,000 $145,000 $2,556 3.70%
    Guamanian 2 $100,000 $50,000 $0 5.49%
    Other Pacific Islander 1 $55,000 $55,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    87.39%

    California Coast Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    57.54%

    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 1,446 $333,370,000 $230,546

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $375,000 $125,000
    Single Family (1-4 Units):Site-Built 1,443 $332,995,000 $230,766

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 317 $59,045,000 $186,262 $1,505 3.40%
    40-60% 256 $80,190,000 $313,242 $2,821 3.27%
    60-80% 288 $130,550,000 $453,299 $4,062 3.40%
    80-100% 41 $15,955,000 $389,146 $4,230 3.44%
    Under 20% 540 $41,700,000 $77,222 $232 3.95%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Caliber Home Loans, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 27 10.3%
    Caliber Home Loans, Inc. Conventional home mortgage Closing on a mortgage 18 6.9%
    Caliber Home Loans, Inc. Conventional home mortgage Improper use of your report 1 0.4%
    Caliber Home Loans, Inc. Conventional home mortgage Incorrect information on your report 9 3.4%
    Caliber Home Loans, Inc. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 5 1.9%
    Caliber Home Loans, Inc. Conventional home mortgage Struggling to pay mortgage 29 11.1%
    Caliber Home Loans, Inc. Conventional home mortgage Trouble during payment process 57 21.8%
    Caliber Home Loans, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 11 4.2%
    Caliber Home Loans, Inc. FHA mortgage Closing on a mortgage 2 0.8%
    Caliber Home Loans, Inc. FHA mortgage Struggling to pay mortgage 24 9.2%
    Caliber Home Loans, Inc. FHA mortgage Trouble during payment process 20 7.7%
    Caliber Home Loans, Inc. FHA mortgage Unable to get your credit report or credit score 1 0.4%
    Caliber Home Loans, Inc. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 0.4%
    Caliber Home Loans, Inc. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 0.8%
    Caliber Home Loans, Inc. Home equity loan or line of credit (HELOC) Trouble during payment process 1 0.4%
    Caliber Home Loans, Inc. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 4 1.5%
    Caliber Home Loans, Inc. Other type of mortgage Closing on a mortgage 2 0.8%
    Caliber Home Loans, Inc. Other type of mortgage Struggling to pay mortgage 5 1.9%
    Caliber Home Loans, Inc. Other type of mortgage Trouble during payment process 3 1.1%
    Caliber Home Loans, Inc. VA mortgage Applying for a mortgage or refinancing an existing mortgage 8 3.1%
    Caliber Home Loans, Inc. VA mortgage Closing on a mortgage 3 1.1%
    Caliber Home Loans, Inc. VA mortgage Incorrect information on your report 2 0.8%
    Caliber Home Loans, Inc. VA mortgage Struggling to pay mortgage 9 3.4%
    Caliber Home Loans, Inc. VA mortgage Trouble during payment process 17 6.5%