Coastal Community Bank Mortgage Rates, Fees & Info
EVERETT, WALEI: 5493001GCBD5XGNIC815
Tax ID: 91-1811848
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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.
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Originations
56Origination Dollar Volume (All Markets)
$27,170,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
2018 saw Coastal Community Bank place emphasis on $200k-400k loans with 16 originations, totaling $4,680,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications79.34%
Coastal Community Bank has a below average approval rate.
Pick Rate
Approvals leading to origination64.29%
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
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CASTLE ROCK | Conventional home mortgage | Struggling to pay mortgage | 2 | 100.0% |