Coastal Heritage Bank Mortgage Rates, Fees & InfoWeymouth, MA
Tax ID: 04-1853160
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCoastal Heritage Bank is a smaller bank specializing in Home Purchase loans. Coastal Heritage Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Barnstable Town, Worcester, Springfield, and Providence among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)
Coastal Heritage Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Origination Dollar Volume (All Markets)$180,255,000
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|
|Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)||218||$169,620,000||$778,073||$0||0.00%|
|BARNSTABLE TOWN, MA (FHA|USDA|VA)||6||$5,490,000||$915,000||$0||0.00%|
|Outside of Metro Areas||2||$1,570,000||$785,000||$0||0.00%|
|WORCESTER, MA-CT (FHA|USDA|VA)||3||$1,555,000||$518,333||$0||0.00%|
|SPRINGFIELD, MA (FHA|USDA|VA)||1||$855,000||$855,000||$0||0.00%|
|PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA)||2||$650,000||$325,000||$0||0.00%|
|Laconia, NH (FHA|USDA|VA)||1||$515,000||$515,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Coastal Heritage Bank's most frequently originated type of loan was Conventional, with 233 originations.
For 2022, Coastal Heritage Bank's most frequently cited loan purpose was Home Purchase, with 146 originations. The 2nd most popular reason was Cash Out Refi, with 49 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Coastal Heritage Bank's most frequently cited loan duration was Other, with 233 originations.
2022 saw Coastal Heritage Bank place emphasis on $600k-1MM loans with 71 originations, totaling $54,205,000 in origination value.
Coastal Heritage Bank lent most frequently to those with incomes in the $250k+ range, with 56 originations. The second most popular income band? $150k-250k, with 50 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Coastal Heritage Bank lent most frequently to those with DTI ratios of Exempt%, with 233 originations.
Approval RatesTotal approvals of all applications
Coastal Heritage Bank has an average approval rate.
Pick RateApprovals leading to origination
Coastal Heritage Bank has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|