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
  • 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

    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, and Seattle among others. We have data for 4 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

    53

    Origination Dollar Volume (All Markets)

    $14,855,000

    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) 32 $9,390,000 $293,438 $0 0.00%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 19 $4,555,000 $239,737 $0 0.00%
    Oak Harbor, WA (FHA|USDA|VA) 1 $565,000 $565,000 $0 0.00%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    North Coast Credit Union's top markets include Bellingham, Mount Vernon, Oak Harbor, and Seattle among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 53 $14,855,000 $280,283 $0 0.00%

    For 2019, North Coast Credit Union's most frequently originated type of loan was Conventional, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 29 $8,035,000 $277,069 $0 0.00%
    Home Purchase 17 $4,925,000 $289,706 $0 0.00%
    Refi 5 $1,095,000 $219,000 $0 0.00%
    Home Improvement 2 $800,000 $400,000 $0 0.00%

    For 2019, North Coast Credit Union's most frequently cited loan purpose was Cash Out Refi, with 29 originations. The 2nd most popular reason was Home Purchase, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 53 $14,855,000 $280,283 $0 0.00%

    For 2019, North Coast Credit Union's most frequently cited loan duration was Other, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 26 $7,230,000 $278,077 $0 0.00%
    $100k-200k 14 $2,030,000 $145,000 $0 0.00%
    $100,000 or less 7 $515,000 $73,571 $0 0.00%
    $400k-600k 4 $2,130,000 $532,500 $0 0.00%
    $1MM+ 1 $2,185,000 $2,185,000 $0 0.00%
    $600k-1MM 1 $765,000 $765,000 $0 0.00%

    2019 saw North Coast Credit Union place emphasis on $200k-400k loans with 26 originations, totaling $7,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 13 $2,795,000 $215,000 $0 0.00%
    $75k-100k 12 $2,890,000 $240,833 $0 0.00%
    $100k-150k 11 $3,265,000 $296,818 $0 0.00%
    $150k-250k 6 $1,020,000 $170,000 $0 0.00%
    $50k or less 5 $735,000 $147,000 $0 0.00%
    $250k+ 1 $565,000 $565,000 $0 0.00%

    North Coast Credit Union lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $75k-100k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 53 $14,855,000 $280,283 $0 0.00%

    North Coast Credit Union lent most frequently to those with DTI ratios of Exempt%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 46 $10,930,000 $237,609 $0 0.00%
    Not applicable 4 $3,530,000 $882,500 $0 0.00%
    American Indian 2 $310,000 $155,000 $0 0.00%
    Samoan 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    74.29%

    North Coast Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    64.15%

    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 53 $14,855,000 $280,283

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $2,950,000 $1,475,000
    Single Family (1-4 Units):Site-Built 51 $11,905,000 $233,431

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Other type of mortgage Trouble during payment process 1 100.0%