Gulf Coast Community Federal Credit Union Mortgage Rates, Fees & Info
Gulfport, MSLEI: 254900R21YNPTNWW1L44
Tax ID: 64-0310432
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Gulf Coast Community Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Gulf Coast Community Federal Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top two markets are Gulfport and Picayune .Gulf Coast Community Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.55% | 4/21/24 |
| 30 Year Conventional Refi | 6.34% | 4/21/24 |
| 30 Year FHA Purchase | 6.27% | 4/21/24 |
| 30 Year FHA Refi | 6.27% | 4/21/24 |
| 30 Year VA Purchase | 6.27% | 4/21/24 |
| 30 Year USDA Purchase | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.56% | 4/21/24 |
| 15 Year Conventional Refi | 7.38% | 4/21/24 |
| 15 Year Cash-out Refi | 7.38% | 4/21/24 |
| 15 Year FHA Refi | 5.68% | 4/21/24 |
| 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. | ||
Gulf Coast Community Federal 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
68Origination Dollar Volume (All Markets)
$7,650,000Top 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 |
|---|---|---|---|---|---|
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 67 | $7,435,000 | $110,970 | $0 | 0.00% |
| Picayune, MS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Gulf Coast Community Federal Credit Union 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 | 65 | $7,255,000 | $111,615 | $0 | 0.00% |
| FHA | 3 | $395,000 | $131,667 | $0 | 0.00% |
For 2018, Gulf Coast Community Federal Credit Union's most frequently originated type of loan was Conventional, with 65 originations. Their 2nd most popular type was FHA, with 3 originations.
Loan Reason
For 2018, Gulf Coast Community Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 68 | $7,650,000 | $112,500 | $0 | 0.00% |
For 2018, Gulf Coast Community Federal Credit Union's most frequently cited loan duration was Other, with 68 originations.
Loan Sizing
2018 saw Gulf Coast Community Federal Credit Union place emphasis on $100,000 or less loans with 38 originations, totaling $2,230,000 in origination value.
Applicant Income
Gulf Coast Community Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $50k or less, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 68 | $7,650,000 | $112,500 | $0 | 0.00% |
Gulf Coast Community Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 68 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications58.22%
Gulf Coast Community Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination89.71%
Gulf Coast Community Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 68 | $7,650,000 | $112,500 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $45,000 | $45,000 |
| Single Family (1-4 Units):Site-Built | 67 | $7,605,000 | $113,507 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Gulf Coast Real Estate Emerald Coast, LLC, d/b/a Motto Mortgage On The Gulf | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |