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, New Bern, Morehead City, and Greenville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Coastal Bank & Trust has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
42Origination Dollar Volume (All Markets)
$8,860,000Top 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) | 26 | $3,000,000 | $115,385 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 4 | $2,670,000 | $667,500 | $0 | 0.00% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $1,780,000 | $890,000 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 6 | $1,160,000 | $193,333 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $90,000 | $45,000 | $0 | 0.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Kinston, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $8,860,000 | $210,952 | $0 | 0.00% |
For 2019, Coastal Bank & Trust's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 35 | $7,535,000 | $215,286 | $0 | 0.00% |
| Refi | 7 | $1,325,000 | $189,286 | $0 | 0.00% |
For 2019, Coastal Bank & Trust's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 42 | $8,860,000 | $210,952 | $0 | 0.00% |
For 2019, Coastal Bank & Trust's most frequently cited loan duration was Other, with 42 originations.
Loan Sizing
2019 saw Coastal Bank & Trust place emphasis on $100,000 or less loans with 17 originations, totaling $1,235,000 in origination value.
Applicant Income
Coastal Bank & Trust lent most frequently to those with incomes in the $150k-250k range, with 4 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% | 42 | $8,860,000 | $210,952 | $0 | 0.00% |
Coastal Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 42 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.78%
Coastal Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.24%
Coastal Bank & Trust has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 42 | $8,860,000 | $210,952 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Castle and Cookie Mortgage LLC | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |
| Castle and Cookie Mortgage LLC | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |