Gulf Coast Bank Mortgage Rates, Fees & Info
Abbeville, LALEI: 549300XV2UKEPAMX9H12
Tax ID: 72-0695783
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Gulf Coast Bank is a smaller bank specializing in Refi and Home Purchase loans. Gulf Coast Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Opelousas, New Orleans, Mobile, and Baton Rouge among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Gulf Coast Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
57Origination Dollar Volume (All Markets)
$6,205,000Top 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 |
|---|---|---|---|---|---|
| LAFAYETTE, LA (FHA|USDA|VA) | 52 | $4,900,000 | $94,231 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $6,205,000 | $108,860 | $0 | 0.00% |
For 2024, Gulf Coast Bank's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
For 2024, Gulf Coast Bank's most frequently cited loan purpose was Refi, with 35 originations. The 2nd most popular reason was Home Purchase, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 57 | $6,205,000 | $108,860 | $0 | 0.00% |
For 2024, Gulf Coast Bank's most frequently cited loan duration was Other, with 57 originations.
Loan Sizing
2024 saw Gulf Coast Bank place emphasis on $100,000 or less loans with 37 originations, totaling $1,875,000 in origination value.
Applicant Income
Gulf Coast Bank lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $50k-75k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 57 | $6,205,000 | $108,860 | $0 | 0.00% |
Gulf Coast Bank lent most frequently to those with DTI ratios of Exempt%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.53%
Gulf Coast Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination82.46%
Gulf Coast Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 57 | $6,205,000 | $108,860 |