Coastalstates Bank Mortgage Rates, Fees & Info

Hilton Head Island, SC

LEI: 549300EPUJMYHHCZPS30

Tax ID: 03-0546702

Latest/2023 | 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

    Coastalstates Bank is a smaller bank specializing in Home Purchase and Refi loans. Coastalstates Bank has a high proportion of conventional loans. Their top markets by origination volume include: Hilton Head Island, Atlanta, Athens, and Panama City among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Coastalstates Bank 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.

    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.

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    Originations

    19

    Origination Dollar Volume (All Markets)

    $6,795,000

    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
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 11 $5,395,000 $490,455 $0 0.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $815,000 $163,000 $0 0.00%
    Outside of Metro Areas 1 $445,000 $445,000 $0 0.00%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Coastalstates Bank's top markets include Hilton Head Island, Atlanta, Athens, and Panama City among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 19 $6,795,000 $357,632 $0 0.00%

    For 2018, Coastalstates Bank's most frequently originated type of loan was Conventional, with 19 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 10 $3,950,000 $395,000 $0 0.00%
    Refi 6 $1,890,000 $315,000 $0 0.00%
    Home Improvement 1 $15,000 $15,000 $0 0.00%
    Other 1 $355,000 $355,000 $0 0.00%
    Cash Out Refi 1 $585,000 $585,000 $0 0.00%

    For 2018, Coastalstates Bank's most frequently cited loan purpose was Home Purchase, with 10 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 19 $6,795,000 $357,632 $0 0.00%

    For 2018, Coastalstates Bank's most frequently cited loan duration was Other, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 5 $655,000 $131,000 $0 0.00%
    $100,000 or less 4 $220,000 $55,000 $0 0.00%
    $200k-400k 4 $1,080,000 $270,000 $0 0.00%
    $400k-600k 4 $2,130,000 $532,500 $0 0.00%
    $1MM+ 2 $2,710,000 $1,355,000 $0 0.00%

    2018 saw Coastalstates Bank place emphasis on $100k-200k loans with 5 originations, totaling $655,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 4 $1,970,000 $492,500 $0 0.00%
    $150k-250k 3 $1,305,000 $435,000 $0 0.00%
    $50k-75k 3 $645,000 $215,000 $0 0.00%
    $50k or less 2 $170,000 $85,000 $0 0.00%
    $75k-100k 2 $370,000 $185,000 $0 0.00%
    $100k-150k 1 $65,000 $65,000 $0 0.00%

    Coastalstates Bank lent most frequently to those with incomes in the $250k+ range, with 4 originations. The second most popular income band? $150k-250k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 19 $6,795,000 $357,632 $0 0.00%

    Coastalstates Bank lent most frequently to those with DTI ratios of Exempt%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 13 $4,265,000 $328,077 $0 0.00%
    Not applicable 4 $2,270,000 $567,500 $0 0.00%
    Not provided 1 $185,000 $185,000 $0 0.00%
    Asian 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Coastalstates Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    89.47%

    Coastalstates Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 19 $6,795,000 $357,632

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 19 $6,795,000 $357,632

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CASTLE ROCK Conventional home mortgage Struggling to pay mortgage 2 100.0%