Coastal Community Bank Mortgage Rates, Fees & Info

EVERETT, WA

LEI: 5493001GCBD5XGNIC815

Tax ID: 91-1811848

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

Jump to:

Mortgage Data

Review & Overview

Coastal Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Coastal Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Aberdeen, Mount Vernon, Portland, and Phoenix among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

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.


Originations

56

Origination Dollar Volume (All Markets)

$27,170,000

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
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 45 $23,185,000 $515,222 $0 0.00%
Aberdeen, WA (FHA|USDA|VA) 2 $1,280,000 $640,000 $0 0.00%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $990,000 $495,000 $0 0.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Oak Harbor, WA (FHA|USDA|VA) 3 $235,000 $78,333 $0 0.00%
Shelton, WA (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Coastal Community Bank's top markets include Seattle, Aberdeen, Mount Vernon, Portland, and Phoenix among others.

Their top states include:
  • Washington (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 56 $27,170,000 $485,179 $0 0.00%

    For 2018, Coastal Community Bank's most frequently originated type of loan was Conventional, with 56 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 33 $20,095,000 $608,939 $0 0.00%
    Refi 13 $6,415,000 $493,462 $0 0.00%
    Home Improvement 5 $415,000 $83,000 $0 0.00%
    Other 5 $245,000 $49,000 $0 0.00%

    For 2018, Coastal Community Bank's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 56 $27,170,000 $485,179 $0 0.00%

    For 2018, Coastal Community Bank's most frequently cited loan duration was Other, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 16 $4,680,000 $292,500 $0 0.00%
    $100,000 or less 9 $395,000 $43,889 $0 0.00%
    $100k-200k 9 $1,315,000 $146,111 $0 0.00%
    $400k-600k 9 $4,375,000 $486,111 $0 0.00%
    $600k-1MM 7 $5,545,000 $792,143 $0 0.00%
    $1MM+ 6 $10,860,000 $1,810,000 $0 0.00%

    2018 saw Coastal Community Bank place emphasis on $200k-400k loans with 16 originations, totaling $4,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 7 $2,755,000 $393,571 $0 0.00%
    $100k-150k 6 $2,220,000 $370,000 $0 0.00%
    $250k+ 5 $1,705,000 $341,000 $0 0.00%
    $50k-75k 3 $295,000 $98,333 $0 0.00%
    $50k or less 3 $645,000 $215,000 $0 0.00%
    $75k-100k 3 $185,000 $61,667 $0 0.00%

    Coastal Community Bank lent most frequently to those with incomes in the $150k-250k range, with 7 originations. The second most popular income band? $100k-150k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 56 $27,170,000 $485,179 $0 0.00%

    Coastal Community Bank lent most frequently to those with DTI ratios of Exempt%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 26 $17,370,000 $668,077 $0 0.00%
    White 22 $7,240,000 $329,091 $0 0.00%
    Asian 5 $1,765,000 $353,000 $0 0.00%
    Asian Indian 2 $550,000 $275,000 $0 0.00%
    Other Asian 1 $245,000 $245,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.34%

    Coastal Community Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    64.29%

    Coastal Community Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 56 $27,170,000 $485,179

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $175,000 $175,000
    Multifamily:Site-Built 10 $11,320,000 $1,132,000
    Single Family (1-4 Units):Manufactured 1 $105,000 $105,000
    Single Family (1-4 Units):Site-Built 44 $15,570,000 $353,864

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CASTLE ROCK Conventional home mortgage Struggling to pay mortgage 2 100.0%