Coastal Community And Teachers Credit Union Mortgage Rates, Fees & Info

Corpus Christi, TX

LEI: 549300ABHFY5HY2P3871

Tax ID: 74-1505143

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Coastal Community And Teachers Credit Union is a smaller credit union specializing in Refi and Home Improvement loans. Coastal Community And Teachers Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Corpus Christi, Alice, and Kingsville among others. We have data for 3 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. Coastal Community And Teachers Credit Union is typically a low 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 about average rates.

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    Originations

    61

    Origination Dollar Volume (All Markets)

    $4,315,000

    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
    CORPUS CHRISTI, TX (FHA|USDA|VA) 53 $3,735,000 $70,472 $812 5.22%
    Alice, TX (FHA|USDA|VA) 4 $320,000 $80,000 $542 4.75%
    Kingsville, TX (FHA|USDA|VA) 4 $260,000 $65,000 $939 8.13%
    Coastal Community And Teachers Credit Union's top markets include Corpus Christi, Alice, and Kingsville among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 61 $4,315,000 $70,738 $803 5.38%

    For 2019, Coastal Community And Teachers Credit Union's most frequently originated type of loan was Conventional, with 61 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 41 $3,445,000 $84,024 $897 5.02%
    Home Improvement 20 $870,000 $43,500 $608 6.10%

    For 2019, Coastal Community And Teachers Credit Union's most frequently cited loan purpose was Refi, with 41 originations. The 2nd most popular reason was Home Improvement, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 25 $2,015,000 $80,600 $924 5.74%
    10 Year 10 $590,000 $59,000 $546 5.35%
    15 Year 10 $650,000 $65,000 $756 4.70%
    Other 8 $490,000 $61,250 $543 5.56%
    30 Year 5 $515,000 $103,000 $1,527 4.80%
    5 Year 3 $55,000 $18,333 $288 5.17%

    For 2019, Coastal Community And Teachers Credit Union's most frequently cited loan duration was 20 Year, with 25 originations. The 2nd most popular length was 10 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 52 $3,130,000 $60,192
    $1k-2k 9 $1,185,000 $131,667

    Coastal Community And Teachers Credit Union's average total fees were $1,527, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 52 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 45 $3,365,000 $74,778
    5-6% 8 $500,000 $62,500
    Over 8% 6 $250,000 $41,667
    3-4% 2 $200,000 $100,000

    During 2019, Coastal Community And Teachers Credit Union's average interest rate for loans was 4.80%, while their most frequently originated rate bucket for loans was 4-5%, with 45 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 48 $2,560,000 $53,333 $621 5.54%
    $100k-200k 12 $1,530,000 $127,500 $1,498 4.79%
    $200k-400k 1 $225,000 $225,000 $1,162 4.50%

    2019 saw Coastal Community And Teachers Credit Union place emphasis on $100,000 or less loans with 48 originations, totaling $2,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 19 $995,000 $52,368 $643 5.79%
    $100k-150k 14 $1,410,000 $100,714 $1,046 4.79%
    $50k-75k 11 $775,000 $70,455 $802 5.23%
    $75k-100k 9 $525,000 $58,333 $725 5.50%
    $150k-250k 6 $400,000 $66,667 $721 5.83%
    $250k+ 2 $210,000 $105,000 $1,203 4.50%

    Coastal Community And Teachers Credit Union lent most frequently to those with incomes in the $50k or less range, with 19 originations. The second most popular income band? $100k-150k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 16 $1,070,000 $66,875 $785 5.19%
    43% 8 $560,000 $70,000 $923 5.75%
    30-36% 8 $490,000 $61,250 $730 4.81%
    <20% 7 $555,000 $79,286 $913 4.64%
    41% 5 $465,000 $93,000 $693 4.70%
    40% 4 $140,000 $35,000 $471 8.13%
    37% 3 $155,000 $51,667 $689 6.33%
    38% 3 $255,000 $85,000 $970 6.83%
    42% 3 $275,000 $91,667 $1,078 4.50%
    36% 3 $245,000 $81,667 $762 4.50%
    39% 1 $105,000 $105,000 $928 5.50%

    Coastal Community And Teachers Credit Union lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? 43%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 49 $3,375,000 $68,878 $828 5.42%
    Not provided 7 $595,000 $85,000 $756 5.57%
    Black 5 $345,000 $69,000 $620 4.70%

    Approval Rates

    Total approvals of all applications
    73.88%

    Coastal Community And Teachers Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    39.34%

    Coastal Community And Teachers Credit Union 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 61 $4,315,000 $70,738

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 61 $4,315,000 $70,738

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $585,000 $45,000 $575 5.15%
    40-60% 12 $830,000 $69,167 $772 6.29%
    60-80% 20 $1,970,000 $98,500 $1,040 4.80%
    80-100% 6 $720,000 $120,000 $1,451 4.75%
    Under 20% 10 $210,000 $21,000 $272 6.10%

    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%