Coastal Bank & Trust Mortgage Rates, Fees & Info
Jacksonville, NCLEI: 54930027DI91BISPCH61
Tax ID: 26-3754431
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Mortgage Data
Review & Overview
Coastal Bank & Trust is a smaller bank specializing in Home Purchase loans. Coastal Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Morehead City, Jacksonville, Myrtle Beach, and Wilmington among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Coastal Bank & Trust 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
19Origination Dollar Volume (All Markets)
$8,615,000Top 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 |
|---|---|---|---|---|---|
| Morehead City, NC (FHA|USDA|VA) | 8 | $4,460,000 | $557,500 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 8 | $2,720,000 | $340,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 19 | $8,615,000 | $453,421 | $0 | 0.00% |
For 2024, Coastal Bank & Trust's most frequently originated type of loan was Conventional, with 19 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 18 | $8,380,000 | $465,556 | $0 | 0.00% |
| Refi | 1 | $235,000 | $235,000 | $0 | 0.00% |
For 2024, Coastal Bank & Trust's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 19 | $8,615,000 | $453,421 | $0 | 0.00% |
For 2024, Coastal Bank & Trust's most frequently cited loan duration was Other, with 19 originations.
Loan Sizing
2024 saw Coastal Bank & Trust place emphasis on $100k-200k loans with 6 originations, totaling $810,000 in origination value.
Applicant Income
Coastal Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 6 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 19 | $8,615,000 | $453,421 | $0 | 0.00% |
Coastal Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 19 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 11 | $6,185,000 | $562,273 | $0 | 0.00% |
| Not applicable | 8 | $2,430,000 | $303,750 | $0 | 0.00% |
Approval Rates
Total approvals of all applications79.31%
Coastal Bank & Trust has a below average approval rate.
Pick Rate
Approvals leading to origination78.95%
Coastal Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 19 | $8,615,000 | $453,421 |