Coast Line Credit Union Mortgage Rates, Fees & Info
PORTLAND, MELEI: 25490093XKEEYF9N9X26
Tax ID: 01-0146437
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Coast Line Credit Union is a smaller credit union specializing in Home Improvement and Cash Out Refi loans. Coast Line Credit Union has a high proportion of conventional loans. Their top (well, only) market is Portland.Coast Line Credit Union 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. 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 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 | 6.27% | 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
40Origination Dollar Volume (All Markets)
$6,360,000Top 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 |
|---|---|---|---|---|---|
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 38 | $5,980,000 | $157,368 | $1,150 | 4.33% |
| Outside of Metro Areas | 2 | $380,000 | $190,000 | $510 | 4.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $6,360,000 | $159,000 | $1,089 | 4.34% |
For 2022, Coast Line Credit Union's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
For 2022, Coast Line Credit Union's most frequently cited loan purpose was Home Improvement, with 17 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Loan Duration/Length
For 2022, Coast Line Credit Union's most frequently cited loan duration was 15 Year, with 18 originations. The 2nd most popular length was 30 Year, with 9 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2 | $550,000 | $275,000 |
| $1k-2k | 1 | $195,000 | $195,000 |
Coast Line Credit Union's average total fees were $1,893, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 17 | $2,705,000 | $159,118 |
| 3-4% | 11 | $2,115,000 | $192,273 |
| 5-6% | 9 | $1,225,000 | $136,111 |
| 2.5-3% | 3 | $315,000 | $105,000 |
During 2022, Coast Line Credit Union's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 17 originations.
Loan Sizing
2022 saw Coast Line Credit Union place emphasis on $100k-200k loans with 19 originations, totaling $2,755,000 in origination value.
Applicant Income
Coast Line Credit Union lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $150k-250k, with 11 originations.
Applicant Debt to Income Ratio
Coast Line Credit Union lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? 30-36%, with 9 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 39 | $6,025,000 | $154,487 | $1,137 | 4.34% |
| Black | 1 | $335,000 | $335,000 | $117 | 4.25% |
Approval Rates
Total approvals of all applications87.50%
Coast Line Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination77.50%
Coast Line Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 40 | $6,360,000 | $159,000 |