Gulf Coast Bank And Trust Company Mortgage Rates, Fees & Info

New Orleans, LA

LEI: 5493008RSN6F31BTGT93

Tax ID: 72-1167423

5 stars - Updated: 5/20/24 - out of 5 stars, based on 37 reviews

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

Jump to:

Mortgage Data

Review & Overview

Gulf Coast Bank And Trust Company is a smaller bank specializing in Home Purchase loans. Gulf Coast Bank And Trust Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New Orleans, Baton Rouge, Hammond, Gulfport, and North Port among others. We have data for 50 markets. (Some data included below & more in-depth data is available with an active subscription.)

Gulf Coast Bank And Trust Company 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. Gulf Coast Bank And Trust Company is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 5/20/24
30 Year Conventional Purchase 6.67% 5/20/24
30 Year Conventional Refi 6.43% 5/20/24
30 Year Cash-out Refi 6.68% 5/20/24
30 Year FHA Purchase 7.25% 5/20/24
30 Year FHA Refi 7.06% 5/20/24
30 Year VA Purchase 6.39% 5/20/24
30 Year USDA Purchase 6.76% 5/20/24
15 Year Conventional Purchase 6.20% 5/20/24
15 Year Conventional Refi 5.79% 5/20/24
15 Year Cash-out Refi 5.79% 5/20/24
15 Year FHA Refi 7.09% 5/20/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Gulf Coast Bank And Trust Company Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Gulf Coast Bank And Trust Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,351

Origination Dollar Volume (All Markets)

$377,355,000

Awards

Gulf Coast Bank and Trust Company FHA Loans bronze Gulf Coast Bank and Trust Company 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

Gulf Coast Bank And Trust Company's average 30 year fixed mortgage rate was 6.7%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.22%.

Relative Fees (Closing Costs)

Gulf Coast Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $6,925.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 957 $265,015,000 $276,923 $7,176 7.97%
BATON ROUGE, LA (FHA|USDA|VA) 138 $35,570,000 $257,754 $7,386 7.05%
HAMMOND, LA (FHA|USDA|VA) 106 $24,600,000 $232,075 $7,502 7.27%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 19 $4,905,000 $258,158 $7,834 8.37%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 8 $4,770,000 $596,250 $9,699 7.19%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 6 $4,470,000 $745,000 $6,824 7.71%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 9 $3,915,000 $435,000 $15,201 8.16%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 10 $2,790,000 $279,000 $5,511 7.09%
Outside of Metro Areas 10 $2,280,000 $228,000 $4,172 8.00%
JACKSONVILLE, FL (FHA|USDA|VA) 6 $2,130,000 $355,000 $6,089 6.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,850,000 $462,500 $30,137 7.59%
LAFAYETTE, LA (FHA|USDA|VA) 5 $1,785,000 $357,000 $7,887 7.20%
Sevierville, TN (FHA|USDA|VA) 3 $1,675,000 $558,333 $16,422 7.50%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $1,625,000 $1,625,000 $0 8.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $1,565,000 $521,667 $0 9.08%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $1,445,000 $1,445,000 $9,003 6.88%
Picayune, MS (FHA|USDA|VA) 7 $1,275,000 $182,143 $6,402 7.24%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $1,215,000 $405,000 $6,829 8.13%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $1,025,000 $205,000 $0 8.50%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $910,000 $455,000 $5,625 7.69%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $825,000 $825,000 $0 8.65%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $800,000 $400,000 $6,105 8.13%
Bogalusa, LA (FHA|USDA|VA) 5 $755,000 $151,000 $5,457 6.46%
Morgan City, LA (FHA|USDA|VA) 3 $705,000 $235,000 $3,428 7.83%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $685,000 $685,000 $2,939 8.38%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $630,000 $315,000 $5,280 7.69%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $590,000 $295,000 $4,973 7.50%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $560,000 $280,000 $11,945 6.31%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $555,000 $555,000 $0 8.50%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $510,000 $255,000 $10,058 7.44%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $505,000 $505,000 $6,585 7.13%
McComb, MS (FHA|USDA|VA) 3 $495,000 $165,000 $6,956 6.71%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $465,000 $465,000 $4,282 7.13%
MOBILE, AL (FHA|USDA|VA) 2 $430,000 $215,000 $9,430 8.06%
LAKE CHARLES, LA (FHA|USDA|VA) 2 $420,000 $210,000 $0 8.50%
HATTIESBURG, MS (FHA|USDA|VA) 2 $410,000 $205,000 $5,236 6.56%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $400,000 $200,000 $7,247 7.31%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $400,000 $200,000 $0 7.00%
Cullowhee, NC (FHA|USDA|VA) 1 $395,000 $395,000 $8,478 6.50%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $305,000 $305,000 $4,290 7.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $305,000 $305,000 $10,919 6.25%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $275,000 $275,000 $5,674 7.38%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $275,000 $275,000 $0 8.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $4,614 7.00%
Laurel, MS (FHA|USDA|VA) 1 $145,000 $145,000 $6,875 6.75%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $125,000 $125,000 $0 9.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.00%
Albemarle, NC (FHA|USDA|VA) 1 $115,000 $115,000 $3,752 6.00%
Opelousas, LA (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.87%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $85,000 $85,000 $3,367 7.25%
Gulf Coast Bank And Trust Company's top markets include New Orleans, Baton Rouge, Hammond, Gulfport, and North Port among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Gulf Coast Bank and Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    JEFFERSON FINANCIAL
    Similarity Rank: 80
    GREATER NEW ORLEANS
    Similarity Rank: 100
    NAVIGATOR CU
    Similarity Rank: 105
    Campus Federal Credit Union
    Similarity Rank: 189
    Eureka Homestead
    Similarity Rank: 228
    ESSENTIAL
    Similarity Rank: 304
    America's Mortgage Resource, Inc.
    Similarity Rank: 595
    La Capitol Federal Credit Union
    Similarity Rank: 637
    Merchants & Marine Bank
    Similarity Rank: 645

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 872 $257,330,000 $295,103 $6,168 7.78%
    FHA 216 $52,860,000 $244,722 $9,102 6.50%
    HELOC 195 $47,985,000 $246,077 n/a 9.66%
    VA 40 $13,170,000 $329,250 $9,514 6.50%
    USDA 28 $6,010,000 $214,643 $7,000 6.46%

    For 2023, Gulf Coast Bank And Trust Company's most frequently originated type of loan was Conventional, with 872 originations. Their 2nd most popular type was FHA, with 216 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,019 $292,985,000 $287,522 $7,313 7.45%
    Refi 176 $52,950,000 $300,852 $7,285 9.08%
    Home Improvement 85 $15,885,000 $186,882 $6,144 9.18%
    Other 39 $7,615,000 $195,256 $5,967 8.41%
    Cash Out Refi 32 $7,920,000 $247,500 $6,893 6.78%

    For 2023, Gulf Coast Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 1,019 originations. The 2nd most popular reason was Refi, with 176 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 689 $182,865,000 $265,406 $6,925 6.70%
    Other 221 $70,185,000 $317,579 $0 9.00%
    20 Year 179 $42,205,000 $235,782 $4,654 8.99%
    1 Year 140 $36,050,000 $257,500 $0 9.59%
    30+ year 90 $37,640,000 $418,222 $9,704 7.68%
    15 Year 24 $7,340,000 $305,833 $5,026 7.99%
    5 Year 5 $655,000 $131,000 $0 10.70%
    10 Year 3 $415,000 $138,333 $4,947 7.73%

    For 2023, Gulf Coast Bank And Trust Company's most frequently cited loan duration was 30 Year, with 689 originations. The 2nd most popular length was Other, with 221 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 394 $96,720,000 $245,482
    $2k-3k 110 $27,500,000 $250,000
    $3k-4k 86 $26,800,000 $311,628
    $5k+ 77 $35,535,000 $461,494
    $4k-5k 60 $22,440,000 $374,000
    $<1k 3 $1,175,000 $391,667

    Gulf Coast Bank And Trust Company's average total fees were $6,925, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 394 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 584 $163,880,000 $280,616
    6-7% 404 $101,430,000 $251,064
    7-8% 259 $88,285,000 $340,869
    5-6% 103 $23,575,000 $228,883
    4-5% 1 $185,000 $185,000

    During 2023, Gulf Coast Bank And Trust Company's average interest rate for loans was 6.70%, while their most frequently originated rate bucket for loans was Over 8%, with 584 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 609 $169,085,000 $277,644 $7,613 7.49%
    $100k-200k 413 $62,905,000 $152,312 $5,472 7.75%
    $100,000 or less 123 $8,535,000 $69,390 $4,323 9.17%
    $400k-600k 123 $58,895,000 $478,821 $8,981 7.60%
    $600k-1MM 60 $43,990,000 $733,167 $10,804 8.15%
    $1MM+ 23 $33,945,000 $1,475,870 $9,482 8.69%

    2023 saw Gulf Coast Bank And Trust Company place emphasis on $200k-400k loans with 609 originations, totaling $169,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 236 $65,840,000 $278,983 $7,508 7.12%
    $50k-75k 190 $35,940,000 $189,158 $6,634 6.67%
    $75k-100k 153 $36,295,000 $237,222 $7,656 6.89%
    $150k-250k 152 $50,750,000 $333,882 $7,780 7.56%
    $250k+ 86 $41,300,000 $480,233 $8,254 7.73%
    $50k or less 62 $9,180,000 $148,065 $5,532 6.99%

    Gulf Coast Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 236 originations. The second most popular income band? $50k-75k, with 190 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 128 $34,770,000 $271,641 $6,799 7.03%
    20-30% 105 $26,745,000 $254,714 $5,642 7.11%
    50-60% 77 $20,325,000 $263,961 $9,739 6.71%
    42% 57 $19,015,000 $333,596 $8,802 7.06%
    49% 48 $13,750,000 $286,458 $7,100 6.92%
    40% 42 $10,810,000 $257,381 $7,013 7.47%
    45% 42 $10,260,000 $244,286 $7,133 6.93%
    <20% 40 $12,280,000 $307,000 $6,322 7.53%
    48% 39 $9,835,000 $252,179 $8,241 6.71%
    43% 37 $9,975,000 $269,595 $6,615 7.01%
    41% 35 $10,545,000 $301,286 $7,289 7.01%
    37% 33 $8,485,000 $257,121 $6,804 7.11%
    44% 32 $8,390,000 $262,188 $6,965 6.81%
    38% 29 $8,995,000 $310,172 $6,881 7.24%
    47% 29 $6,715,000 $231,552 $6,240 6.72%
    36% 28 $7,920,000 $282,857 $7,035 6.95%
    46% 25 $6,175,000 $247,000 $7,397 6.69%
    39% 24 $6,740,000 $280,833 $7,927 7.46%
    >60% 2 $670,000 $335,000 $7,274 6.38%

    Gulf Coast Bank And Trust Company lent most frequently to those with DTI ratios of 30-36%, with 128 originations. The next most common DTI ratio? 20-30%, with 105 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 652 $181,460,000 $278,313 $7,148 7.22%
    Not applicable 449 $132,745,000 $295,646 $0 9.06%
    Black 158 $39,980,000 $253,038 $7,967 6.89%
    Asian 41 $11,355,000 $276,951 $6,405 7.19%
    Not provided 40 $8,920,000 $223,000 $6,641 7.02%
    American Indian 4 $1,000,000 $250,000 $5,424 6.38%
    Vietnamese 1 $455,000 $455,000 $7,555 6.63%
    Filipino 2 $440,000 $220,000 $8,258 6.63%
    Asian Indian 1 $395,000 $395,000 $4,885 7.13%
    Other Pacific Islander 1 $345,000 $345,000 $10,869 6.25%
    Other Asian 2 $260,000 $130,000 $7,033 8.50%

    Approval Rates

    Total approvals of all applications
    88.78%

    Gulf Coast Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.65%

    Gulf Coast Bank And Trust Company 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
    NA 1,351 $377,355,000 $279,315

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,351 $377,355,000 $279,315

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 82 $15,660,000 $190,976 $4,248 8.47%
    40-60% 144 $45,500,000 $315,972 $5,434 8.05%
    60-80% 509 $156,075,000 $306,631 $6,894 8.15%
    80-100% 490 $135,390,000 $276,306 $7,589 6.76%
    Over 100% 9 $3,225,000 $358,333 $16,174 6.54%
    Under 20% 41 $4,605,000 $112,317 $3,451 9.37%