Central Coast Lending Mortgage Rates, Fees & InfoMORRO BAY, CA
Tax ID: 26-1681423
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCentral Coast Lending is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Central Coast Lending has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: San Luis Obispo, Oxnard, Santa Maria, Sacramento, and Riverside among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)
Central Coast Lending 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. Central Coast Lending 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)||4.96%||12/4/23|
|30 Year Conventional Purchase||5.99%||12/4/23|
|30 Year Conventional Refi||5.63%||12/4/23|
|30 Year Cash-out Refi||5.76%||12/4/23|
|30 Year FHA Purchase||6.89%||12/4/23|
|30 Year VA Purchase||5.69%||12/4/23|
|30 Year VA Refi||5.77%||12/4/23|
|30 Year USDA Purchase||5.19%||12/4/23|
|15 Year Conventional Purchase||5.68%||12/4/23|
|15 Year Conventional Refi||6.07%||12/4/23|
|15 Year Cash-out Refi||6.07%||12/4/23|
|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.|
Central Coast Lending Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Central Coast Lending. 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.
Origination Dollar Volume (All Markets)$94,960,000
CENTRAL COAST LENDING - 2022
CENTRAL COAST LENDING is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Central Coast Lending'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 -0.15%.
Relative Fees (Closing Costs)
Central Coast Lending's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,765.
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 LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA)||134||$63,650,000||$475,000||$7,654||4.63%|
|OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)||17||$5,195,000||$305,588||$5,941||4.83%|
|SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA)||11||$4,725,000||$429,545||$6,295||4.23%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||6||$3,710,000||$618,333||$11,689||3.44%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||7||$2,735,000||$390,714||$6,808||4.16%|
|FRESNO, CA (FHA|USDA|VA)||5||$1,775,000||$355,000||$8,998||5.58%|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||4||$1,520,000||$380,000||$7,694||5.34%|
|SALINAS, CA (FHA|USDA|VA)||3||$1,435,000||$478,333||$7,292||4.38%|
|BAKERSFIELD, CA (FHA|USDA|VA)||3||$1,045,000||$348,333||$10,617||3.79%|
|MADERA, CA (FHA|USDA|VA)||2||$990,000||$495,000||$7,458||4.53%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||3||$975,000||$325,000||$4,114||3.67%|
|Outside of Metro Areas||2||$900,000||$450,000||$7,388||4.56%|
|SANTA ROSA-PETALUMA, CA (FHA|USDA|VA)||2||$840,000||$420,000||$17,705||5.88%|
|SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA)||1||$825,000||$825,000||$6,891||4.38%|
|YUBA CITY, CA (FHA|USDA|VA)||2||$810,000||$405,000||$12,337||7.94%|
|Truckee-Grass Valley, CA (FHA|USDA|VA)||2||$670,000||$335,000||$8,722||5.63%|
|COLUMBUS, OH (FHA|USDA|VA)||3||$525,000||$175,000||$4,025||6.50%|
|Mount Vernon, OH (FHA|USDA|VA)||1||$495,000||$495,000||$5,925||7.25%|
|VISALIA, CA (FHA|USDA|VA)||2||$420,000||$210,000||$4,033||3.63%|
|REDDING, CA (FHA|USDA|VA)||1||$415,000||$415,000||$20,034||4.50%|
|STOCKTON, CA (FHA|USDA|VA)||1||$345,000||$345,000||$7,364||4.38%|
|Eureka-Arcata, CA (FHA|USDA|VA)||1||$325,000||$325,000||$4,659||4.13%|
|HANFORD-CORCORAN, CA (FHA|USDA|VA)||1||$315,000||$315,000||$4,225||2.88%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||1||$185,000||$185,000||$3,369||5.88%|
|AKRON, OH (FHA|USDA|VA)||1||$135,000||$135,000||$3,385||5.25%|
We use machine learning to identify the top lenders compared against CENTRAL COAST LENDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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For 2022, Central Coast Lending's most frequently originated type of loan was Conventional, with 191 originations. Their 2nd most popular type was VA, with 8 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||79||$29,515,000||$373,608||$7,092||4.60%|
For 2022, Central Coast Lending's most frequently cited loan purpose was Home Purchase, with 101 originations. The 2nd most popular reason was Cash Out Refi, with 79 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Central Coast Lending's most frequently cited loan duration was 30 Year, with 199 originations. The 2nd most popular length was 15 Year, with 9 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Central Coast Lending's average total fees were $7,765, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 74 originations.
During 2022, Central Coast Lending's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 3-4%, with 81 originations.
2022 saw Central Coast Lending place emphasis on $200k-400k loans with 72 originations, totaling $22,380,000 in origination value.
Central Coast Lending lent most frequently to those with incomes in the $100k-150k range, with 63 originations. The second most popular income band? $150k-250k, with 62 originations.
Applicant Debt to Income Ratio
Central Coast Lending lent most frequently to those with DTI ratios of 30-36%, with 36 originations. The next most common DTI ratio? 20-30%, with 23 originations.
Approval RatesTotal approvals of all applications
Central Coast Lending has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Central Coast Lending has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|