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, Home Purchase, and Cash Out 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 (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% | 12/16/24 |
| 30 Year Conventional Refi | 6.34% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 6.27% | 12/16/24 |
| 30 Year USDA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 6.56% | 12/16/24 |
| 15 Year Conventional Refi | 7.38% | 12/16/24 |
| 15 Year Cash-out Refi | 7.38% | 12/16/24 |
| 15 Year FHA 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. | ||
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
32Origination Dollar Volume (All Markets)
$3,990,000Top 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) | 32 | $3,990,000 | $124,688 | $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 | 31 | $3,785,000 | $122,097 | $0 | 0.00% |
| FHA | 1 | $205,000 | $205,000 | $0 | 0.00% |
For 2020, Gulf Coast Community Federal Credit Union's most frequently originated type of loan was Conventional, with 31 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 15 | $1,525,000 | $101,667 | $0 | 0.00% |
| Home Purchase | 11 | $1,555,000 | $141,364 | $0 | 0.00% |
| Cash Out Refi | 6 | $910,000 | $151,667 | $0 | 0.00% |
For 2020, Gulf Coast Community Federal Credit Union's most frequently cited loan purpose was Refi, with 15 originations. The 2nd most popular reason was Home Purchase, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 32 | $3,990,000 | $124,688 | $0 | 0.00% |
For 2020, Gulf Coast Community Federal Credit Union's most frequently cited loan duration was Other, with 32 originations.
Loan Sizing
2020 saw Gulf Coast Community Federal Credit Union place emphasis on $100,000 or less loans with 17 originations, totaling $885,000 in origination value.
Applicant Income
Gulf Coast Community Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 5 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 32 | $3,990,000 | $124,688 | $0 | 0.00% |
Gulf Coast Community Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 32 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 22 | $3,070,000 | $139,545 | $0 | 0.00% |
| Black | 10 | $920,000 | $92,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications31.50%
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 origination78.13%
Gulf Coast Community Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 32 | $3,990,000 | $124,688 |