Coastal Community And Teachers Credit Union Mortgage Rates, Fees & Info
Corpus Christi, TXLEI: 549300ABHFY5HY2P3871
Tax ID: 74-1505143
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Mortgage Data
Review & Overview
Coastal Community And Teachers Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Coastal Community And Teachers Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Corpus Christi, Kingsville, Rockport, and San Antonio among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Coastal Community And Teachers Credit Union 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Refi | 6.68% | 12/16/24 |
| 15 Year Conventional Refi | 6.25% | 12/16/24 |
| 15 Year Cash-out Refi | 6.25% | 12/16/24 |
| 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. | ||
Coastal Community And Teachers Credit Union Mortgage Calculator
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Originations
44Origination Dollar Volume (All Markets)
$6,910,000Top 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 |
|---|---|---|---|---|---|
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 41 | $6,685,000 | $163,049 | $1,546 | 6.85% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,069 | 7.00% |
| Rockport, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,199 | 6.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $935 | 6.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $6,910,000 | $157,045 | $1,715 | 6.83% |
For 2023, Coastal Community And Teachers Credit Union's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
For 2023, Coastal Community And Teachers Credit Union's most frequently cited loan purpose was Home Improvement, with 19 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.
Loan Duration/Length
For 2023, Coastal Community And Teachers Credit Union's most frequently cited loan duration was 20 Year, with 22 originations. The 2nd most popular length was 10 Year, with 7 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 22 | $1,180,000 | $53,636 |
| $1k-2k | 5 | $685,000 | $137,000 |
Coastal Community And Teachers Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 22 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 19 | $4,045,000 | $212,895 |
| 5-6% | 14 | $2,110,000 | $150,714 |
| Over 8% | 5 | $435,000 | $87,000 |
| 7-8% | 4 | $270,000 | $67,500 |
| 4-5% | 2 | $50,000 | $25,000 |
During 2023, Coastal Community And Teachers Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 19 originations.
Loan Sizing
2023 saw Coastal Community And Teachers Credit Union place emphasis on $100,000 or less loans with 22 originations, totaling $1,180,000 in origination value.
Applicant Income
Coastal Community And Teachers Credit Union lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $150k-250k, with 6 originations.
Applicant Debt to Income Ratio
Coastal Community And Teachers Credit Union lent most frequently to those with DTI ratios of 20-30%, with 7 originations. The next most common DTI ratio? 30-36%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.68%
Coastal Community And Teachers Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination72.73%
Coastal Community And Teachers Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 44 | $6,910,000 | $157,045 |