Coca-cola Mortgage Rates, Fees & Info
Atlanta, GALEI: 549300VUVWGNUHYOLA93
Tax ID: 58-6054977
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Mortgage Data
Review & Overview
Coca-cola is a smaller mortgage company specializing in Home Purchase loans. Coca-cola has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Tampa, New Haven, Jefferson, and Savannah among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Coca-cola 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. Coca-cola 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.84% | 4/28/24 |
| 30 Year Conventional Refi | 6.27% | 4/28/24 |
| 30 Year Cash-out Refi | 6.90% | 4/28/24 |
| 15 Year Conventional Purchase | 6.39% | 4/28/24 |
| 15 Year Conventional Refi | 6.16% | 4/28/24 |
| 15 Year Cash-out Refi | 6.16% | 4/28/24 |
| 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. | ||
Coca-cola Mortgage Calculator
Your Estimates
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This is not an official calculator from Coca-cola. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
44Origination Dollar Volume (All Markets)
$9,080,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 34 | $7,660,000 | $225,294 | $2,128 | 4.93% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,241 | 4.13% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $369 | 5.94% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,861 | 4.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 4.38% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 4.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,365 | 7.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,554 | 4.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $296 | 7.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against COCA-COLA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 43 | $8,935,000 | $207,791 | $2,010 | 5.03% |
| HELOC | 1 | $145,000 | $145,000 | n/a | 4.50% |
For 2018, Coca-cola's most frequently originated type of loan was Conventional, with 43 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2018, Coca-cola's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.
Loan Duration/Length
For 2018, Coca-cola's most frequently cited loan duration was 30 Year, with 21 originations. The 2nd most popular length was 15 Year, with 14 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 38 | $7,640,000 | $201,053 |
| $2k-3k | 3 | $1,015,000 | $338,333 |
| $1k-2k | 1 | $125,000 | $125,000 |
Coca-cola's average total fees were $3,541, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 38 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 33 | $8,205,000 | $248,636 |
| 5-6% | 5 | $505,000 | $101,000 |
| 7-8% | 3 | $145,000 | $48,333 |
| 6-7% | 2 | $110,000 | $55,000 |
| Over 8% | 1 | $115,000 | $115,000 |
During 2018, Coca-cola's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 4-5%, with 33 originations.
Loan Sizing
2018 saw Coca-cola place emphasis on $100k-200k loans with 18 originations, totaling $2,780,000 in origination value.
Applicant Income
Coca-cola lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $150k-250k, with 10 originations.
Applicant Debt to Income Ratio
Coca-cola lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? 30-36%, with 10 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.40%
Coca-cola has a below average approval rate.
Pick Rate
Approvals leading to origination59.09%
Coca-cola 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 |
|---|---|---|---|
| 1016.0 | 1 | $215,000 | $215,000 |
| 1021.0 | 1 | $405,000 | $405,000 |
| 2161.0 | 1 | $325,000 | $325,000 |
| 861.0 | 1 | $425,000 | $425,000 |
| 946.0 | 12 | $2,650,000 | $220,833 |
| NA | 28 | $5,060,000 | $180,714 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $65,000 | $65,000 |
| Single Family (1-4 Units):Site-Built | 43 | $9,015,000 | $209,651 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CASHCALL, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |