Gold Coast Federal Credit Union Mortgage Rates, Fees & Info

West Palm Beach, FL

LEI: 549300M9RHNQ4107R694

Tax ID: 59-0673306

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
  • 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

    Gold Coast Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Gold Coast Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Port St. Lucie, Punta Gorda, and Orlando among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Gold Coast Federal 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. Gold Coast Federal Credit Union 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.37% 12/17/24
    30 Year Conventional Refi 6.40% 12/17/24
    15 Year Conventional Purchase 5.68% 12/17/24
    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.

    Gold Coast Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Gold Coast Federal Credit Union. 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

    45

    Origination Dollar Volume (All Markets)

    $3,185,000

    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
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 36 $2,270,000 $63,056 $1,086 5.65%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 7 $495,000 $70,714 $996 5.64%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $255,000 $255,000 $2,830 4.13%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,059 4.63%
    Gold Coast Federal Credit Union's top markets include Miami, Port St. Lucie, Punta Gorda, and Orlando among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 45 $3,185,000 $70,778 $1,155 5.59%

    For 2019, Gold Coast Federal Credit Union's most frequently originated type of loan was Conventional, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 34 $1,770,000 $52,059 $638 5.77%
    Home Purchase 5 $805,000 $161,000 $3,368 4.85%
    Cash Out Refi 3 $505,000 $168,333 $4,090 5.25%
    Other 2 $50,000 $25,000 $271 5.13%
    Refi 1 $55,000 $55,000 $630 5.00%

    For 2019, Gold Coast Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 34 originations. The 2nd most popular reason was Home Purchase, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 27 $1,475,000 $54,630 $648 6.04%
    30 Year 6 $1,180,000 $196,667 $4,243 4.77%
    5 Year 6 $280,000 $46,667 $612 4.83%
    10 Year 5 $175,000 $35,000 $463 5.20%
    20 Year 1 $75,000 $75,000 $3,021 4.88%

    For 2019, Gold Coast Federal Credit Union's most frequently cited loan duration was 15 Year, with 27 originations. The 2nd most popular length was 30 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 43 $2,775,000 $64,535
    $2k-3k 1 $205,000 $205,000
    $4k-5k 1 $205,000 $205,000

    Gold Coast Federal Credit Union's average total fees were $4,243, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 43 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 21 $1,465,000 $69,762
    4-5% 13 $1,195,000 $91,923
    6-7% 10 $490,000 $49,000
    7-8% 1 $35,000 $35,000

    During 2019, Gold Coast Federal Credit Union's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 5-6%, with 21 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 37 $1,715,000 $46,351 $665 5.73%
    $100k-200k 4 $580,000 $145,000 $2,102 5.06%
    $200k-400k 4 $890,000 $222,500 $4,743 4.84%

    2019 saw Gold Coast Federal Credit Union place emphasis on $100,000 or less loans with 37 originations, totaling $1,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 12 $830,000 $69,167 $868 5.81%
    $50k-75k 11 $705,000 $64,091 $1,242 5.61%
    $75k-100k 9 $555,000 $61,667 $921 5.46%
    $150k-250k 6 $550,000 $91,667 $1,052 5.52%
    $50k or less 5 $415,000 $83,000 $2,389 5.20%
    $250k+ 2 $130,000 $65,000 $676 5.88%

    Gold Coast Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $50k-75k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 13 $1,055,000 $81,154 $1,223 5.44%
    20-30% 10 $710,000 $71,000 $1,129 5.33%
    38% 4 $190,000 $47,500 $610 6.50%
    42% 3 $105,000 $35,000 $562 5.83%
    44% 3 $455,000 $151,667 $2,556 6.04%
    <20% 3 $135,000 $45,000 $596 5.50%
    37% 2 $80,000 $40,000 $610 5.50%
    40% 2 $90,000 $45,000 $604 6.25%
    36% 2 $90,000 $45,000 $359 5.50%
    49% 1 $205,000 $205,000 $6,892 4.38%
    39% 1 $45,000 $45,000 $615 5.50%
    43% 1 $25,000 $25,000 $544 5.00%

    Gold Coast Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 13 originations. The next most common DTI ratio? 20-30%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 36 $2,460,000 $68,333 $982 5.58%
    Not provided 3 $405,000 $135,000 $3,504 5.17%
    Black 6 $320,000 $53,333 $1,016 5.85%

    Approval Rates

    Total approvals of all applications
    74.66%

    Gold Coast Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    -4.44%

    Gold Coast Federal 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
    NA 45 $3,185,000 $70,778

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 45 $3,185,000 $70,778

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $495,000 $55,000 $645 5.72%
    40-60% 5 $445,000 $89,000 $1,641 4.93%
    60-80% 4 $610,000 $152,500 $2,665 5.25%
    80-100% 3 $585,000 $195,000 $4,383 4.38%
    Under 20% 24 $1,050,000 $43,750 $589 5.89%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    GOLD STAR MORTGAGE FINANCIAL Conventional home mortgage Closing on a mortgage 1 100.0%