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, Cash Out Refi, and Refi loans. Coca-cola has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Dallas, Jacksonville, Miami, and Bakersfield among others. We have data for 8 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% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.90% | 12/16/24 |
| 15 Year Conventional Purchase | 6.39% | 12/16/24 |
| 15 Year Conventional Refi | 6.16% | 12/16/24 |
| 15 Year Cash-out Refi | 6.16% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
64Origination Dollar Volume (All Markets)
$14,180,000Top 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) | 54 | $12,190,000 | $225,741 | $1,559 | 4.60% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $0 | 3.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 3.88% |
| Outside of Metro Areas | 2 | $410,000 | $205,000 | $3,263 | 4.31% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.38% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.25% |
| ROME, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $476 | 5.63% |
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 | 64 | $14,180,000 | $221,563 | $1,681 | 4.62% |
For 2019, Coca-cola's most frequently originated type of loan was Conventional, with 64 originations.
Loan Reason
For 2019, Coca-cola's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Loan Duration/Length
For 2019, Coca-cola's most frequently cited loan duration was 15 Year, with 30 originations. The 2nd most popular length was 30 Year, with 27 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 58 | $13,090,000 | $225,690 |
| $1k-2k | 3 | $335,000 | $111,667 |
| $2k-3k | 2 | $380,000 | $190,000 |
Coca-cola's average total fees were $3,507, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 58 originations.
Interest Rates
During 2019, Coca-cola's average interest rate for loans was 4.20%, while their most frequently originated rate bucket for loans was 3-4%, with 22 originations.
Loan Sizing
2019 saw Coca-cola place emphasis on $200k-400k loans with 23 originations, totaling $6,615,000 in origination value.
Applicant Income
Coca-cola lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $150k-250k, with 21 originations.
Applicant Debt to Income Ratio
Coca-cola lent most frequently to those with DTI ratios of 20-30%, with 27 originations. The next most common DTI ratio? 30-36%, with 8 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.92%
Coca-cola has an average approval rate.
Pick Rate
Approvals leading to origination79.69%
Coca-cola has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1016.0 | 1 | $175,000 | $175,000 |
| 1021.0 | 1 | $465,000 | $465,000 |
| 1036.0 | 1 | $455,000 | $455,000 |
| 1846.0 | 1 | $65,000 | $65,000 |
| 2246.0 | 1 | $265,000 | $265,000 |
| 861.0 | 6 | $1,840,000 | $306,667 |
| 936.0 | 1 | $245,000 | $245,000 |
| 946.0 | 29 | $7,925,000 | $273,276 |
| 961.0 | 1 | $185,000 | $185,000 |
| NA | 22 | $2,560,000 | $116,364 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 64 | $14,180,000 | $221,563 |