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 Cash Out Refi loans. Coastalstates Bank has a high proportion of conventional loans. Their top markets by origination volume include: Hilton Head Island, Columbus, Atlanta, Savannah, and Gainesville among others. We have data for 8 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

    28

    Origination Dollar Volume (All Markets)

    $9,030,000

    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) 14 $3,420,000 $244,286 $0 0.00%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $2,725,000 $2,725,000 $0 0.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,400,000 $350,000 $0 0.00%
    SAVANNAH, GA (FHA|USDA|VA) 5 $1,175,000 $235,000 $0 0.00%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Calhoun, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    COLUMBIA, SC (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Coastalstates Bank's top markets include Hilton Head Island, Columbus, Atlanta, Savannah, and Gainesville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 28 $9,030,000 $322,500 $0 0.00%

    For 2019, Coastalstates Bank's most frequently originated type of loan was Conventional, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17 $3,945,000 $232,059 $0 0.00%
    Refi 6 $1,770,000 $295,000 $0 0.00%
    Cash Out Refi 3 $3,145,000 $1,048,333 $0 0.00%
    Other 2 $170,000 $85,000 $0 0.00%

    For 2019, Coastalstates Bank's most frequently cited loan purpose was Home Purchase, with 17 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 28 $9,030,000 $322,500 $0 0.00%

    For 2019, Coastalstates Bank's most frequently cited loan duration was Other, with 28 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 8 $2,250,000 $281,250 $0 0.00%
    $100,000 or less 7 $425,000 $60,714 $0 0.00%
    $100k-200k 7 $1,055,000 $150,714 $0 0.00%
    $400k-600k 4 $1,840,000 $460,000 $0 0.00%
    $1MM+ 1 $2,725,000 $2,725,000 $0 0.00%
    $600k-1MM 1 $735,000 $735,000 $0 0.00%

    2019 saw Coastalstates Bank place emphasis on $200k-400k loans with 8 originations, totaling $2,250,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 5 $1,085,000 $217,000 $0 0.00%
    $75k-100k 5 $595,000 $119,000 $0 0.00%
    $100k-150k 3 $1,105,000 $368,333 $0 0.00%
    $250k+ 3 $695,000 $231,667 $0 0.00%
    $50k-75k 2 $290,000 $145,000 $0 0.00%

    Coastalstates Bank lent most frequently to those with incomes in the $150k-250k range, with 5 originations. The second most popular income band? $75k-100k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 28 $9,030,000 $322,500 $0 0.00%

    Coastalstates Bank lent most frequently to those with DTI ratios of Exempt%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 10 $5,260,000 $526,000 $0 0.00%
    White 16 $3,640,000 $227,500 $0 0.00%
    Asian 1 $95,000 $95,000 $0 0.00%
    Not provided 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.87%

    Coastalstates Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.86%

    Coastalstates Bank 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
    Exempt 28 $9,030,000 $322,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $4,350,000 $1,087,500
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 23 $4,625,000 $201,087

    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%