Coastline Federal Credit Union Mortgage Rates, Fees & Info

Jacksonville, FL

LEI: 254900VUE5T1INQKZ414

Tax ID: 59-0907473

5 stars - Updated: 11/17/24 - out of 5 stars, based on 11 reviews

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

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Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Coastline Federal Credit Union is a smaller credit union specializing in Other and Home Purchase loans. Coastline Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Jacksonville, Ocala, Palatka, Deltona, and Tampa among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Coastline Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Coastline Federal 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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    Originations

    113

    Origination Dollar Volume (All Markets)

    $16,055,000

    Awards

    Coastline Federal Credit Union 30 Year Conventional Loans gold Coastline Federal Credit Union 30 Year Conventional Loans bronze
    Show all (2) awards

    Relative Rate

    Coastline Federal Credit Union's average 30 year fixed mortgage rate was 6.66%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.18%.

    Relative Fees (Closing Costs)

    Coastline Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,514.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    JACKSONVILLE, FL (FHA|USDA|VA) 93 $12,475,000 $134,140 $2,091 6.82%
    Outside of Metro Areas 10 $2,040,000 $204,000 $5,183 6.85%
    OCALA, FL (FHA|USDA|VA) 2 $480,000 $240,000 $2,561 6.38%
    Palatka, FL (FHA|USDA|VA) 2 $450,000 $225,000 $5,284 6.38%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $430,000 $107,500 $1,640 6.81%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $105,000 $105,000 $1,145 6.75%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $75,000 $75,000 $700 7.75%
    Coastline Federal Credit Union's top markets include Jacksonville, Ocala, Palatka, Deltona, and Tampa among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Coastline Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Coastline Federal Credit Union
    Similarity Rank: 574
    JAX
    Similarity Rank: 711
    121 FINANCIAL
    Similarity Rank: 760
    TrustCo Bank
    Similarity Rank: 1008
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1320
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1452
    Hancock Whitney Bank
    Similarity Rank: 1716
    COMMUNITY FIRST CREDIT UNION OF FLO
    Similarity Rank: 1890
    MATTAMY HOME FUNDING, LLC
    Similarity Rank: 1920
    South Pacific Financial Corporation
    Similarity Rank: 2442

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 113 $16,055,000 $142,080 $2,409 6.82%

    For 2023, Coastline Federal Credit Union's most frequently originated type of loan was Conventional, with 113 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 55 $4,915,000 $89,364 $1,224 6.86%
    Home Purchase 32 $7,900,000 $246,875 $5,314 6.71%
    Refi 17 $2,565,000 $150,882 $1,084 6.81%
    Cash Out Refi 9 $675,000 $75,000 $1,947 6.92%

    For 2023, Coastline Federal Credit Union's most frequently cited loan purpose was Other, with 55 originations. The 2nd most popular reason was Home Purchase, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 88 $8,300,000 $94,318 $1,586 6.88%
    30 Year 16 $4,420,000 $276,250 $3,514 6.66%
    30+ year 9 $3,335,000 $370,556 $9,764 6.50%

    For 2023, Coastline Federal Credit Union's most frequently cited loan duration was 15 Year, with 88 originations. The 2nd most popular length was 30 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 54 $6,240,000 $115,556
    $1k-2k 33 $3,835,000 $116,212
    $2k-3k 7 $795,000 $113,571
    $4k-5k 6 $2,040,000 $340,000
    $3k-4k 4 $920,000 $230,000
    $5k+ 2 $720,000 $360,000

    Coastline Federal Credit Union's average total fees were $3,514, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 54 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 95 $13,375,000 $140,789
    7-8% 14 $2,130,000 $152,143
    5-6% 2 $450,000 $225,000
    Over 8% 2 $100,000 $50,000

    During 2023, Coastline Federal Credit Union's average interest rate for loans was 6.66%, while their most frequently originated rate bucket for loans was 6-7%, with 95 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 49 $2,765,000 $56,429 $1,053 6.93%
    $100k-200k 42 $5,630,000 $134,048 $2,030 6.77%
    $200k-400k 13 $3,725,000 $286,538 $5,784 6.61%
    $400k-600k 9 $3,935,000 $437,222 $7,215 6.69%

    2023 saw Coastline Federal Credit Union place emphasis on $100,000 or less loans with 49 originations, totaling $2,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 34 $5,360,000 $157,647 $2,882 6.71%
    $150k-250k 33 $5,995,000 $181,667 $2,666 6.91%
    $50k-75k 17 $1,835,000 $107,941 $2,178 6.76%
    $75k-100k 13 $1,255,000 $96,538 $2,129 6.71%
    $50k or less 9 $425,000 $47,222 $741 7.11%
    $250k+ 6 $740,000 $123,333 $2,404 6.96%

    Coastline Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $150k-250k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 24 $3,560,000 $148,333 $2,552 6.69%
    30-36% 22 $3,600,000 $163,636 $2,521 6.85%
    41% 11 $1,225,000 $111,364 $1,921 6.92%
    <20% 9 $1,025,000 $113,889 $2,045 7.32%
    37% 9 $1,055,000 $117,222 $2,572 6.83%
    36% 8 $720,000 $90,000 $1,014 6.44%
    43% 6 $840,000 $140,000 $3,432 6.67%
    42% 6 $1,060,000 $176,667 $3,062 6.44%
    40% 4 $1,060,000 $265,000 $3,892 7.03%
    39% 4 $600,000 $150,000 $3,348 6.69%
    44% 4 $480,000 $120,000 $2,704 7.06%
    38% 3 $295,000 $98,333 $933 6.67%
    >60% 1 $65,000 $65,000 $0 8.00%
    45% 1 $25,000 $25,000 $333 7.75%

    Coastline Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? 30-36%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 97 $13,625,000 $140,464 $2,472 6.81%
    Black 15 $2,385,000 $159,000 $2,083 6.93%
    Other Pacific Islander 1 $45,000 $45,000 $400 6.25%

    Approval Rates

    Total approvals of all applications
    100.00%

    Coastline Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    99.12%

    Coastline Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 113 $16,055,000 $142,080

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    113 $16,055,000 $142,080

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $3,390,000 $121,071 $1,814 6.72%
    40-60% 11 $2,565,000 $233,182 $2,999 6.74%
    60-80% 16 $4,430,000 $276,875 $5,228 6.89%
    80-100% 13 $2,575,000 $198,077 $4,771 6.71%
    Under 20% 45 $3,095,000 $68,778 $947 6.90%