North Coast Credit Union Mortgage Rates, Fees & Info

BELLINGHAM, WA

LEI: 549300JE1TOUVEDSGD05

Tax ID: 91-0581775

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
  • 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

    North Coast Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. North Coast Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Bellingham, Mount Vernon, Oak Harbor, Phoenix, and Seattle among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    North Coast Credit Union has an 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

    64

    Origination Dollar Volume (All Markets)

    $18,270,000

    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
    BELLINGHAM, WA (FHA|USDA|VA) 42 $13,350,000 $317,857 $0 0.00%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 14 $2,990,000 $213,571 $0 0.00%
    Oak Harbor, WA (FHA|USDA|VA) 4 $880,000 $220,000 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $705,000 $705,000 $0 0.00%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
    Outside of Metro Areas 1 $155,000 $155,000 $0 0.00%
    North Coast Credit Union's top markets include Bellingham, Mount Vernon, Oak Harbor, Phoenix, and Seattle among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 64 $18,270,000 $285,469 $0 0.00%

    For 2018, North Coast Credit Union's most frequently originated type of loan was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 37 $7,675,000 $207,432 $0 0.00%
    Home Purchase 22 $10,020,000 $455,455 $0 0.00%
    Refi 4 $500,000 $125,000 $0 0.00%
    Home Improvement 1 $75,000 $75,000 $0 0.00%

    For 2018, North Coast Credit Union's most frequently cited loan purpose was Cash Out Refi, with 37 originations. The 2nd most popular reason was Home Purchase, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 64 $18,270,000 $285,469 $0 0.00%

    For 2018, North Coast Credit Union's most frequently cited loan duration was Other, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 28 $7,700,000 $275,000 $0 0.00%
    $100k-200k 17 $2,525,000 $148,529 $0 0.00%
    $100,000 or less 9 $525,000 $58,333 $0 0.00%
    $400k-600k 5 $2,185,000 $437,000 $0 0.00%
    $600k-1MM 3 $2,355,000 $785,000 $0 0.00%
    $1MM+ 2 $2,980,000 $1,490,000 $0 0.00%

    2018 saw North Coast Credit Union place emphasis on $200k-400k loans with 28 originations, totaling $7,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $3,430,000 $245,000 $0 0.00%
    $50k-75k 14 $2,410,000 $172,143 $0 0.00%
    $75k-100k 12 $2,760,000 $230,000 $0 0.00%
    $50k or less 8 $1,100,000 $137,500 $0 0.00%
    $150k-250k 7 $2,145,000 $306,429 $0 0.00%
    $250k+ 2 $1,000,000 $500,000 $0 0.00%

    North Coast Credit Union lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k-75k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 64 $18,270,000 $285,469 $0 0.00%

    North Coast Credit Union lent most frequently to those with DTI ratios of Exempt%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 59 $13,885,000 $235,339 $0 0.00%
    Not applicable 4 $4,170,000 $1,042,500 $0 0.00%
    Asian 1 $215,000 $215,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.05%

    North Coast Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    53.13%

    North Coast Credit Union 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 64 $18,270,000 $285,469

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $4,170,000 $1,042,500
    Single Family (1-4 Units):Manufactured 3 $255,000 $85,000
    Single Family (1-4 Units):Site-Built 57 $13,845,000 $242,895