Gulf Coast Mortgage Rates, Fees & Info

Corpus Christi, TX

LEI: 549300HMP6CQXPB0L958

Tax ID: 74-1109898

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    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, Austin, Alice, Mcallen, and San Antonio among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Gulf Coast has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Gulf Coast 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.

    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

    73

    Origination Dollar Volume (All Markets)

    $14,875,000

    Awards

    GULF COAST 30 Year Conventional Loans bronze
    Show all (1) awards

    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) 56 $11,280,000 $201,429 $3,413 3.86%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $1,460,000 $730,000 $7,015 3.38%
    Alice, TX (FHA|USDA|VA) 7 $415,000 $59,286 $1,875 5.20%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $405,000 $405,000 $6,291 2.85%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $335,000 $335,000 $7,486 3.75%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $305,000 $305,000 $3,919 2.75%
    Rockport, TX (FHA|USDA|VA) 1 $235,000 $235,000 $3,387 2.35%
    EL PASO, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,167 2.75%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $135,000 $135,000 $2,032 5.75%
    Outside of Metro Areas 1 $55,000 $55,000 $915 5.00%
    Kingsville, TX (FHA|USDA|VA) 1 $45,000 $45,000 $2,176 5.00%
    Gulf Coast's top markets include Corpus Christi, Austin, Alice, Mcallen, and San Antonio among others.

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

    • 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.

    Extraco Banks
    Similarity Rank: 726
    GULF COAST
    Similarity Rank: 781
    SECURITY SERVICE
    Similarity Rank: 840
    UNIVERSITY Federal Credit Union
    Similarity Rank: 1595
    RANDOLPH-BROOKS
    Similarity Rank: 1664
    Prosperity Bank
    Similarity Rank: 2530
    CLEARPATH LENDING
    Similarity Rank: 3150
    AMPLIFY
    Similarity Rank: 3348
    Affiliated Bank
    Similarity Rank: 3354
    AmeriHome Mortgage Company, LLC
    Similarity Rank: 3450

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 73 $14,875,000 $203,767 $3,420 3.97%

    For 2021, Gulf Coast's most frequently originated type of loan was Conventional, with 73 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 41 $9,515,000 $232,073 $4,538 3.81%
    Cash Out Refi 18 $1,820,000 $101,111 $1,460 5.08%
    Refi 14 $3,540,000 $252,857 $2,666 2.99%

    For 2021, Gulf Coast's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 26 $7,350,000 $282,692 $4,855 3.55%
    20 Year 20 $3,260,000 $163,000 $2,468 4.10%
    15 Year 13 $2,615,000 $201,154 $3,832 4.20%
    10 Year 11 $845,000 $76,818 $1,422 4.49%
    Other 3 $805,000 $268,333 $2,869 3.71%

    For 2021, Gulf Coast's most frequently cited loan duration was 30 Year, with 26 originations. The 2nd most popular length was 20 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 45 $12,385,000 $275,222
    $<1k 27 $2,275,000 $84,259

    Gulf Coast's average total fees were $4,855, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 45 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 25 $3,625,000 $145,000
    2.5-3% 23 $7,595,000 $330,217
    5-6% 8 $960,000 $120,000
    4-5% 6 $830,000 $138,333
    Over 8% 4 $270,000 $67,500
    <2.5% 4 $1,220,000 $305,000
    6-7% 2 $330,000 $165,000
    7-8% 1 $45,000 $45,000

    During 2021, Gulf Coast's average interest rate for loans was 3.55%, while their most frequently originated rate bucket for loans was 3-4%, with 25 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 24 $3,470,000 $144,583 $3,001 3.86%
    $100,000 or less 22 $1,370,000 $62,273 $1,808 5.24%
    $200k-400k 18 $5,040,000 $280,000 $4,664 3.20%
    $400k-600k 8 $3,690,000 $461,250 $5,101 2.64%
    $1MM+ 1 $1,305,000 $1,305,000 $13,082 2.75%

    2021 saw Gulf Coast place emphasis on $100k-200k loans with 24 originations, totaling $3,470,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 20 $3,380,000 $169,000 $3,021 4.14%
    $150k-250k 16 $4,080,000 $255,000 $3,848 3.33%
    $50k-75k 13 $1,445,000 $111,154 $2,527 4.47%
    $75k-100k 10 $1,390,000 $139,000 $3,080 4.46%
    $250k+ 9 $4,295,000 $477,222 $6,036 2.87%
    $50k or less 5 $285,000 $57,000 $1,938 5.00%

    Gulf Coast lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $150k-250k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 21 $3,935,000 $187,381 $3,274 3.79%
    30-36% 16 $3,330,000 $208,125 $3,152 4.64%
    <20% 14 $3,530,000 $252,143 $3,963 3.29%
    40% 7 $1,035,000 $147,857 $2,840 3.67%
    39% 6 $1,580,000 $263,333 $4,127 3.58%
    38% 4 $350,000 $87,500 $1,973 5.21%
    41% 3 $855,000 $285,000 $5,851 3.62%
    37% 1 $45,000 $45,000 $2,204 7.50%
    43% 1 $215,000 $215,000 $2,683 3.25%

    Gulf Coast lent most frequently to those with DTI ratios of 20-30%, with 21 originations. The next most common DTI ratio? 30-36%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 61 $11,905,000 $195,164 $3,222 4.04%
    Not provided 9 $2,205,000 $245,000 $4,034 3.76%
    Asian 2 $540,000 $270,000 $5,997 3.13%
    Other Pacific Islander 1 $225,000 $225,000 $4,827 3.25%

    Approval Rates

    Total approvals of all applications
    75.47%

    Gulf Coast has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    90.41%

    Gulf Coast has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 73 $14,875,000 $203,767

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    73 $14,875,000 $203,767

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $415,000 $83,000 $1,984 4.89%
    40-60% 24 $3,440,000 $143,333 $1,942 4.52%
    60-80% 27 $6,755,000 $250,185 $4,194 3.54%
    80-100% 16 $4,210,000 $263,125 $4,940 3.58%
    Under 20% 1 $55,000 $55,000 $826 3.75%