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: Jacksonville, Wilmington, Morehead City, Raleigh, and New Bern among others. We have data for 9 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
35Origination Dollar Volume (All Markets)
$10,935,000Top 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 |
|---|---|---|---|---|---|
| JACKSONVILLE, NC (FHA|USDA|VA) | 17 | $6,045,000 | $355,588 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 4 | $1,630,000 | $407,500 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Forest City, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Kinston, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $25,000 | $25,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 35 | $10,935,000 | $312,429 | $0 | 0.00% |
For 2023, Coastal Bank & Trust's most frequently originated type of loan was Conventional, with 35 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 25 | $9,465,000 | $378,600 | $0 | 0.00% |
| Refi | 6 | $1,020,000 | $170,000 | $0 | 0.00% |
| Other | 4 | $450,000 | $112,500 | $0 | 0.00% |
For 2023, Coastal Bank & Trust's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 35 | $10,935,000 | $312,429 | $0 | 0.00% |
For 2023, Coastal Bank & Trust's most frequently cited loan duration was Other, with 35 originations.
Loan Sizing
2023 saw Coastal Bank & Trust place emphasis on $200k-400k loans with 14 originations, totaling $3,830,000 in origination value.
Applicant Income
Coastal Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 5 originations. The second most popular income band? $50k or less, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 35 | $10,935,000 | $312,429 | $0 | 0.00% |
Coastal Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 35 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.11%
Coastal Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination88.57%
Coastal Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 35 | $10,935,000 | $312,429 |