Coastal Carolina National Bank Mortgage Rates, Fees & Info

Myrtle Beach, SC

LEI: 54930004SDYVHYN4M716

Tax ID: 80-0291968

5 stars - Updated: 4/5/25 - out of 5 stars, based on 18 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Coastal Carolina National Bank is a smaller bank specializing in Home Purchase loans. Coastal Carolina National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Myrtle Beach, Augusta, Greenville, Columbia, and Georgetown among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Coastal Carolina National Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Coastal Carolina National Bank 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.43% 4/5/25
    30 Year Conventional Refi 6.79% 4/5/25
    30 Year Cash-out Refi 7.40% 4/5/25
    30 Year FHA Purchase 6.72% 4/5/25
    15 Year Conventional Purchase 6.81% 4/5/25
    15 Year Conventional Refi 6.00% 4/5/25
    15 Year Cash-out Refi 6.00% 4/5/25
    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.

    Coastal Carolina National Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Coastal Carolina National Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    324

    Origination Dollar Volume (All Markets)

    $110,900,000

    Awards

    Coastal Carolina National Bank 30 Year Conventional Loans gold Coastal Carolina National Bank 30 Year Conventional Loans silver
    Show all (2) awards

    Relative Rate

    Coastal Carolina National Bank's average 30 year fixed mortgage rate was 7.28%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.73%.

    Relative Fees (Closing Costs)

    Coastal Carolina National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,194.

    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 $8,356.

    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
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 234 $65,210,000 $278,675 $4,426 7.44%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 33 $13,635,000 $413,182 $4,278 7.02%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 12 $10,120,000 $843,333 $4,662 7.53%
    COLUMBIA, SC (FHA|USDA|VA) 7 $4,285,000 $612,143 $4,614 7.09%
    Georgetown, SC (FHA|USDA|VA) 9 $3,565,000 $396,111 $3,658 7.67%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $2,735,000 $911,667 $5,362 7.08%
    Orangeburg, SC (FHA|USDA|VA) 7 $2,405,000 $343,571 $4,349 7.21%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $2,195,000 $2,195,000 $8,445 6.63%
    SPARTANBURG, SC (FHA|USDA|VA) 4 $1,950,000 $487,500 $0 8.50%
    Seneca, SC (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $7,256 7.75%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $1,010,000 $505,000 $3,438 6.63%
    SUMTER, SC (FHA|USDA|VA) 3 $645,000 $215,000 $4,997 7.29%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $540,000 $270,000 $0 7.75%
    Kinston, NC (FHA|USDA|VA) 1 $435,000 $435,000 $4,851 7.00%
    Cullowhee, NC (FHA|USDA|VA) 1 $355,000 $355,000 $4,072 7.25%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 9.00%
    SAVANNAH, GA (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.75%
    Greenwood, SC (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.50%
    Gaffney, SC (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.75%
    Coastal Carolina National Bank's top markets include Myrtle Beach, Augusta, Greenville, Columbia, and Georgetown among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Similar Lenders

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

    CRESCENT MORTGAGE COMPANY
    Similarity Rank: 50
    SHELTER LENDING SERVICES, L.L.C.
    Similarity Rank: 90
    CAROLINA TRUST FEDERAL CREDIT UNION
    Similarity Rank: 96
    GREENVILLE FEDERAL CREDIT UNION
    Similarity Rank: 144
    Security Federal Bank
    Similarity Rank: 234
    INSPIRE HOME LOANS INC.
    Similarity Rank: 306
    First Bank
    Similarity Rank: 460
    North State Bank
    Similarity Rank: 672
    FIRST CHOICE MORTGAGE, INC.
    Similarity Rank: 715
    AUGUSTA MORTGAGE CO.
    Similarity Rank: 720

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 324 $110,900,000 $342,284 $4,432 7.41%

    For 2024, Coastal Carolina National Bank's most frequently originated type of loan was Conventional, with 324 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 292 $102,390,000 $350,651 $4,540 7.42%
    Cash Out Refi 17 $4,595,000 $270,294 $3,313 7.40%
    Refi 14 $3,750,000 $267,857 $3,447 7.29%
    Home Improvement 1 $165,000 $165,000 $0 7.50%

    For 2024, Coastal Carolina National Bank's most frequently cited loan purpose was Home Purchase, with 292 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 197 $58,555,000 $297,234 $4,194 7.28%
    20 Year 33 $10,525,000 $318,939 $4,448 7.51%
    30+ year 32 $18,790,000 $587,188 $5,697 7.34%
    5 Year 31 $13,545,000 $436,935 $0 7.55%
    15 Year 18 $3,300,000 $183,333 $3,607 8.02%
    Other 9 $4,795,000 $532,778 $5,101 8.16%
    1 Year 3 $1,025,000 $341,667 $0 8.33%
    10 Year 1 $365,000 $365,000 $3,187 7.50%

    For 2024, Coastal Carolina National Bank's most frequently cited loan duration was 30 Year, with 197 originations. The 2nd most popular length was 20 Year, with 33 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 134 $45,290,000 $337,985
    $2k-3k 39 $18,905,000 $484,744
    $1k-2k 15 $2,855,000 $190,333
    $3k-4k 5 $1,415,000 $283,000
    $5k+ 3 $1,415,000 $471,667
    $4k-5k 2 $670,000 $335,000

    Coastal Carolina National Bank's average total fees were $4,194, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 134 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 214 $76,110,000 $355,654
    6-7% 70 $24,300,000 $347,143
    Over 8% 32 $7,680,000 $240,000
    5-6% 8 $2,810,000 $351,250

    During 2024, Coastal Carolina National Bank's average interest rate for loans was 7.28%, while their most frequently originated rate bucket for loans was 7-8%, with 214 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 138 $39,820,000 $288,551 $4,337 7.39%
    $100k-200k 92 $14,180,000 $154,130 $4,060 7.51%
    $400k-600k 39 $18,235,000 $467,564 $4,681 7.39%
    $600k-1MM 24 $18,010,000 $750,417 $5,432 7.38%
    $100,000 or less 20 $1,470,000 $73,500 $3,337 7.34%
    $1MM+ 11 $19,185,000 $1,744,091 $7,264 7.17%

    2024 saw Coastal Carolina National Bank place emphasis on $200k-400k loans with 138 originations, totaling $39,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 98 $43,320,000 $442,041 $5,048 7.47%
    $150k-250k 86 $24,930,000 $289,884 $4,205 7.49%
    $100k-150k 43 $10,375,000 $241,279 $4,264 7.36%
    $50k-75k 23 $3,865,000 $168,043 $3,932 6.93%
    $75k-100k 22 $4,240,000 $192,727 $4,473 6.90%
    $50k or less 8 $1,190,000 $148,750 $3,434 6.75%

    Coastal Carolina National Bank lent most frequently to those with incomes in the $250k+ range, with 98 originations. The second most popular income band? $150k-250k, with 86 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 60 $20,020,000 $333,667 $4,453 7.32%
    30-36% 57 $14,655,000 $257,105 $4,241 7.40%
    42% 22 $5,840,000 $265,455 $4,136 7.33%
    41% 20 $7,280,000 $364,000 $4,629 7.47%
    40% 18 $5,420,000 $301,111 $3,947 7.46%
    <20% 12 $2,600,000 $216,667 $3,368 7.47%
    46% 10 $2,380,000 $238,000 $4,766 6.81%
    39% 10 $3,340,000 $334,000 $4,721 7.30%
    38% 9 $2,795,000 $310,556 $3,962 7.44%
    44% 8 $2,440,000 $305,000 $5,608 7.03%
    36% 8 $2,180,000 $272,500 $3,661 7.52%
    37% 8 $3,460,000 $432,500 $4,633 7.56%
    43% 8 $2,250,000 $281,250 $5,586 7.55%
    50-60% 7 $3,605,000 $515,000 $5,945 7.48%
    47% 6 $1,390,000 $231,667 $3,910 6.98%
    49% 6 $1,810,000 $301,667 $5,101 6.70%
    45% 5 $2,295,000 $459,000 $4,103 7.37%
    48% 3 $825,000 $275,000 $4,311 7.17%
    >60% 2 $590,000 $295,000 $4,324 7.75%

    Coastal Carolina National Bank lent most frequently to those with DTI ratios of 20-30%, with 60 originations. The next most common DTI ratio? 30-36%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 246 $76,600,000 $311,382 $4,341 7.36%
    Not applicable 35 $16,795,000 $479,857 $0 7.90%
    Not provided 33 $12,415,000 $376,212 $4,647 7.30%
    Asian 6 $3,800,000 $633,333 $6,644 7.15%
    Black 3 $1,015,000 $338,333 $5,704 7.33%
    American Indian 1 $275,000 $275,000 $4,063 7.38%

    Approval Rates

    Total approvals of all applications
    90.38%

    Coastal Carolina National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.10%

    Coastal Carolina National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1000.0 1 $185,000 $185,000
    6045.0 1 $505,000 $505,000
    NA 322 $110,210,000 $342,267

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    324 $110,900,000 $342,284

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $5,365,000 $185,000 $4,054 7.20%
    40-60% 58 $20,570,000 $354,655 $3,957 7.45%
    60-80% 195 $69,425,000 $356,026 $4,641 7.49%
    80-100% 38 $14,820,000 $390,000 $4,511 7.15%
    Under 20% 4 $720,000 $180,000 $3,087 7.00%