Coastalstates Mortgage Rates, Fees & Info
Hilton Head Island, SCLEI: 549300DC5T16PY5CHJ27
Tax ID: 57-0761331
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Mortgage Data
Review & Overview
Coastalstates Mortgage is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Coastalstates Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Hilton Head Island, Atlanta, and Seneca among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Coastalstates Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Coastalstates Mortgage 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 about average rates.
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Originations
19Origination Dollar Volume (All Markets)
$10,695,000Top 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 |
|---|---|---|---|---|---|
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 17 | $8,785,000 | $516,765 | $4,848 | 4.60% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $1,265,000 | $1,265,000 | $4,681 | 4.88% |
| Seneca, SC (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $3,267 | 4.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against CoastalStates Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 19 | $10,695,000 | $562,895 | $4,756 | 4.61% |
For 2019, Coastalstates Mortgage's most frequently originated type of loan was Conventional, with 19 originations.
Loan Reason
For 2019, Coastalstates Mortgage's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.
Loan Duration/Length
For 2019, Coastalstates Mortgage's most frequently cited loan duration was 30 Year, with 17 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
Coastalstates Mortgage's average total fees were $4,793, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 12 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 12 | $7,330,000 | $610,833 |
| 5-6% | 4 | $1,040,000 | $260,000 |
| 3-4% | 3 | $2,325,000 | $775,000 |
During 2019, Coastalstates Mortgage's average interest rate for loans was 4.56%, while their most frequently originated rate bucket for loans was 4-5%, with 12 originations.
Loan Sizing
2019 saw Coastalstates Mortgage place emphasis on $200k-400k loans with 5 originations, totaling $1,415,000 in origination value.
Applicant Income
Coastalstates Mortgage lent most frequently to those with incomes in the $250k+ range, with 8 originations. The second most popular income band? $50k or less, with 4 originations.
Applicant Debt to Income Ratio
Coastalstates Mortgage lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? 30-36%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 19 | $10,695,000 | $562,895 | $4,756 | 4.61% |
Approval Rates
Total approvals of all applications96.61%
Coastalstates Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.47%
Coastalstates Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 19 | $10,695,000 | $562,895 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 19 | $10,695,000 | $562,895 |
LTV Distribution
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% |