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 Refi, Cash Out Refi, and Home Purchase loans. Gulf Coast Community Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Gulfport.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
65Origination Dollar Volume (All Markets)
$5,665,000Top 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) | 65 | $5,665,000 | $87,154 | $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 | $5,665,000 | $87,154 | $0 | 0.00% |
For 2019, Gulf Coast Community Federal Credit Union's most frequently originated type of loan was Conventional, with 65 originations.
Loan Reason
For 2019, Gulf Coast Community Federal Credit Union's most frequently cited loan purpose was Refi, with 22 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 65 | $5,665,000 | $87,154 | $0 | 0.00% |
For 2019, Gulf Coast Community Federal Credit Union's most frequently cited loan duration was Other, with 65 originations.
Loan Sizing
2019 saw Gulf Coast Community Federal Credit Union place emphasis on $100,000 or less loans with 47 originations, totaling $2,775,000 in origination value.
Applicant Income
Gulf Coast Community Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $50k or less, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 65 | $5,665,000 | $87,154 | $0 | 0.00% |
Gulf Coast Community Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 65 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications46.20%
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 origination89.23%
Gulf Coast Community Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 65 | $5,665,000 | $87,154 |