Gulf Coast Mortgage Rates, Fees & Info
Corpus Christi, TXLEI: 549300HMP6CQXPB0L958
Tax ID: 74-1109898
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Gulf Coast is a smaller mortgage company specializing in Home Purchase and Refi loans. Gulf Coast has a high proportion of conventional loans. Their top markets by origination volume include: Corpus Christi, Rockport, Alice, San Antonio, and Laredo among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Gulf Coast has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Gulf Coast 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.11% | 12/16/24 |
| 30 Year Conventional Refi | 5.12% | 12/16/24 |
| 30 Year Cash-out Refi | 5.96% | 12/16/24 |
| 15 Year Conventional Purchase | 4.42% | 12/16/24 |
| 15 Year Conventional Refi | 4.78% | 12/16/24 |
| 15 Year Cash-out Refi | 4.78% | 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. | ||
Gulf Coast Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Gulf Coast. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
62Origination Dollar Volume (All Markets)
$11,030,000Top 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) | 52 | $9,680,000 | $186,154 | $2,868 | 4.13% |
| Rockport, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,406 | 3.63% |
| Alice, TX (FHA|USDA|VA) | 5 | $405,000 | $81,000 | $1,003 | 6.21% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,689 | 3.00% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,182 | 5.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,706 | 2.65% |
Similar Lenders
We use machine learning to identify the top lenders compared against GULF COAST based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 474
Similarity Rank: 621
Similarity Rank: 1080
Similarity Rank: 1161
Similarity Rank: 2736
Similarity Rank: 2958
Similarity Rank: 3200
Similarity Rank: 3870
Similarity Rank: 4240
Similarity Rank: 4368
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $11,030,000 | $177,903 | $2,751 | 4.27% |
For 2020, Gulf Coast's most frequently originated type of loan was Conventional, with 62 originations.
Loan Reason
For 2020, Gulf Coast's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
For 2020, Gulf Coast's most frequently cited loan duration was 30 Year, with 23 originations. The 2nd most popular length was 15 Year, with 14 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 31 | $3,515,000 | $113,387 |
| $1k-2k | 31 | $7,515,000 | $242,419 |
Gulf Coast's average total fees were $4,478, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 31 originations.
Interest Rates
During 2020, Gulf Coast's average interest rate for loans was 4.21%, while their most frequently originated rate bucket for loans was 3-4%, with 22 originations.
Loan Sizing
2020 saw Gulf Coast place emphasis on $100,000 or less loans with 21 originations, totaling $1,285,000 in origination value.
Applicant Income
Gulf Coast lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $150k-250k, with 15 originations.
Applicant Debt to Income Ratio
Gulf Coast lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? 30-36%, with 14 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications68.93%
Gulf Coast has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination85.48%
Gulf Coast has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 62 | $11,030,000 | $177,903 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 62 | $11,030,000 | $177,903 |