Coast Line Credit Union Mortgage Rates, Fees & Info

PORTLAND, ME

LEI: 25490093XKEEYF9N9X26

Tax ID: 01-0146437

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Coast Line Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Coast Line Credit Union has a high proportion of conventional loans. Their top two markets are Portland and Lewiston .

    Coast Line Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Coast Line Credit Union 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 relatively high 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.27% 12/16/24
    30 Year Conventional Refi 6.27% 12/16/24
    30 Year Cash-out Refi 6.27% 12/16/24
    15 Year Conventional Purchase 5.68% 12/16/24
    15 Year Conventional Refi 5.68% 12/16/24
    15 Year Cash-out Refi 5.68% 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.

    Coast Line Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Coast Line Credit Union. 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.


    Originations

    50

    Origination Dollar Volume (All Markets)

    $5,590,000

    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
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 49 $5,565,000 $113,571 $738 4.30%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.24%
    Coast Line Credit Union's top markets include Portland and Lewiston among others.

    Their top states include:
  • Maine (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 50 $5,590,000 $111,800 $738 4.30%

    For 2018, Coast Line Credit Union's most frequently originated type of loan was Conventional, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 18 $1,810,000 $100,556 $430 4.25%
    Cash Out Refi 16 $2,760,000 $172,500 $708 4.56%
    Home Improvement 12 $750,000 $62,500 $1,405 4.16%
    Home Purchase 2 $180,000 $90,000 $2,666 3.75%
    Other 2 $90,000 $45,000 $0 3.99%

    For 2018, Coast Line Credit Union's most frequently cited loan purpose was Refi, with 18 originations. The 2nd most popular reason was Cash Out Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 17 $1,825,000 $107,353 $683 4.54%
    10 Year 15 $1,525,000 $101,667 $407 4.04%
    5 Year 8 $370,000 $46,250 $603 3.46%
    30 Year 7 $1,415,000 $202,143 $1,207 5.37%
    Other 2 $50,000 $25,000 $14 3.49%
    20 Year 1 $405,000 $405,000 $1,405 4.75%

    For 2018, Coast Line Credit Union's most frequently cited loan duration was 15 Year, with 17 originations. The 2nd most popular length was 10 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 5 $925,000 $185,000

    Coast Line Credit Union's average total fees were $1,207, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 26 $2,740,000 $105,385
    3-4% 16 $1,550,000 $96,875
    5-6% 6 $1,240,000 $206,667
    2.5-3% 2 $60,000 $30,000

    During 2018, Coast Line Credit Union's average interest rate for loans was 5.37%, while their most frequently originated rate bucket for loans was 4-5%, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 29 $1,355,000 $46,724 $619 4.10%
    $100k-200k 14 $2,140,000 $152,857 $527 4.47%
    $200k-400k 5 $1,265,000 $253,000 $746 4.57%
    $400k-600k 2 $830,000 $415,000 $2,524 5.19%

    2018 saw Coast Line Credit Union place emphasis on $100,000 or less loans with 29 originations, totaling $1,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $1,645,000 $109,667 $723 4.26%
    $50k-75k 13 $1,435,000 $110,385 $980 4.45%
    $75k-100k 9 $1,115,000 $123,889 $472 4.49%
    $150k-250k 7 $1,185,000 $169,286 $811 4.03%
    $50k or less 5 $165,000 $33,000 $19 4.04%
    $250k+ 1 $45,000 $45,000 $0 4.24%

    Coast Line Credit Union lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $50k-75k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 14 $2,160,000 $154,286 $761 4.39%
    20-30% 13 $1,425,000 $109,615 $322 4.41%
    <20% 8 $550,000 $68,750 $1,123 3.90%
    37% 3 $255,000 $85,000 $252 4.29%
    39% 2 $470,000 $235,000 $3,642 5.31%
    36% 2 $80,000 $40,000 $0 4.37%
    38% 2 $100,000 $50,000 $36 3.75%
    42% 2 $30,000 $15,000 $0 3.87%
    >60% 1 $65,000 $65,000 $0 3.74%
    46% 1 $185,000 $185,000 $565 4.49%
    50-60% 1 $15,000 $15,000 $0 4.99%
    41% 1 $255,000 $255,000 $736 4.25%

    Coast Line Credit Union lent most frequently to those with DTI ratios of 30-36%, with 14 originations. The next most common DTI ratio? 20-30%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 46 $5,220,000 $113,478 $799 4.34%
    Not provided 2 $200,000 $100,000 $565 4.12%
    American Indian 1 $105,000 $105,000 $99 3.25%
    Asian 1 $65,000 $65,000 $24 3.50%

    Approval Rates

    Total approvals of all applications
    80.60%

    Coast Line Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    94.00%

    Coast Line Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 50 $5,590,000 $111,800

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 50 $5,590,000 $111,800

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $820,000 $102,500 $1,012 4.32%
    40-60% 9 $1,475,000 $163,889 $1,005 4.23%
    60-80% 11 $2,305,000 $209,545 $694 4.68%
    80-100% 1 $205,000 $205,000 $181 5.38%
    Under 20% 21 $785,000 $37,381 $35 4.06%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Castle and Cookie Mortgage LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Castle and Cookie Mortgage LLC FHA mortgage Closing on a mortgage 1 50.0%