Coastal Heritage Bank Mortgage Rates, Fees & Info

Weymouth, MA

LEI: 549300URUSGWHXJ4OZ19

Tax ID: 04-1853160

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Coastal 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.

    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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    Originations

    233

    Origination Dollar Volume (All Markets)

    $180,255,000

    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
    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%
    Coastal Heritage Bank's top markets include Boston, Barnstable Town, Worcester, Springfield, and Providence among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 233 $180,255,000 $773,627 $0 0.00%

    For 2022, Coastal Heritage Bank's most frequently originated type of loan was Conventional, with 233 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 146 $116,850,000 $800,342 $0 0.00%
    Cash Out Refi 49 $25,665,000 $523,776 $0 0.00%
    Refi 32 $33,660,000 $1,051,875 $0 0.00%
    Home Improvement 5 $3,675,000 $735,000 $0 0.00%
    Other 1 $405,000 $405,000 $0 0.00%

    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 Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 233 $180,255,000 $773,627 $0 0.00%

    For 2022, Coastal Heritage Bank's most frequently cited loan duration was Other, with 233 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 71 $54,205,000 $763,451 $0 0.00%
    $200k-400k 53 $16,015,000 $302,170 $0 0.00%
    $400k-600k 47 $22,685,000 $482,660 $0 0.00%
    $1MM+ 46 $85,090,000 $1,849,783 $0 0.00%
    $100k-200k 13 $2,025,000 $155,769 $0 0.00%
    $100,000 or less 3 $235,000 $78,333 $0 0.00%

    2022 saw Coastal Heritage Bank place emphasis on $600k-1MM loans with 71 originations, totaling $54,205,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 56 $48,470,000 $865,536 $0 0.00%
    $150k-250k 50 $30,370,000 $607,400 $0 0.00%
    $100k-150k 40 $17,720,000 $443,000 $0 0.00%
    $75k-100k 17 $5,255,000 $309,118 $0 0.00%
    $50k-75k 13 $2,585,000 $198,846 $0 0.00%
    $50k or less 5 $815,000 $163,000 $0 0.00%

    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
    Exempt% 233 $180,255,000 $773,627 $0 0.00%

    Coastal Heritage Bank lent most frequently to those with DTI ratios of Exempt%, with 233 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 134 $76,190,000 $568,582 $0 0.00%
    Not applicable 52 $75,040,000 $1,443,077 $0 0.00%
    Not provided 32 $19,400,000 $606,250 $0 0.00%
    Asian 12 $8,020,000 $668,333 $0 0.00%
    Black 2 $910,000 $455,000 $0 0.00%
    Asian Indian 1 $695,000 $695,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.97%

    Coastal Heritage Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.70%

    Coastal Heritage Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 233 $180,255,000 $773,627

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    233 $180,255,000 $773,627