Gulf Coast Bank Mortgage Rates, Fees & Info

Abbeville, LA

LEI: 549300XV2UKEPAMX9H12

Tax ID: 72-0695783

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

    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, and Baton Rouge among others. We have data for 3 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.

    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

    71

    Origination Dollar Volume (All Markets)

    $10,205,000

    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
    LAFAYETTE, LA (FHA|USDA|VA) 67 $9,865,000 $147,239 $774 9.36%
    Opelousas, LA (FHA|USDA|VA) 3 $315,000 $105,000 $152 7.92%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.75%
    Gulf Coast Bank's top markets include Lafayette, Opelousas, and Baton Rouge among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 71 $10,205,000 $143,732 $739 9.29%

    For 2023, Gulf Coast Bank's most frequently originated type of loan was Conventional, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 47 $6,525,000 $138,830 $201 9.58%
    Home Purchase 18 $3,240,000 $180,000 $3,211 8.67%
    Home Improvement 6 $440,000 $73,333 $2,033 8.88%

    For 2023, Gulf Coast Bank's most frequently cited loan purpose was Refi, with 47 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 37 $5,345,000 $144,459 $665 9.40%
    15 Year 10 $1,240,000 $124,000 $0 9.33%
    5 Year 9 $1,065,000 $118,333 $277 9.00%
    20 Year 8 $1,010,000 $126,250 $0 9.31%
    1 Year 4 $1,330,000 $332,500 $4,500 8.13%
    10 Year 3 $215,000 $71,667 $0 10.08%

    For 2023, Gulf Coast Bank's most frequently cited loan duration was Other, with 37 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 34 $3,880,000 $114,118
    $1k-2k 2 $210,000 $105,000

    Gulf Coast Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 34 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 51 $7,005,000 $137,353
    7-8% 18 $2,630,000 $146,111
    5-6% 1 $225,000 $225,000
    6-7% 1 $345,000 $345,000

    During 2023, Gulf Coast Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 51 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 41 $2,105,000 $51,341 $677 9.66%
    $100k-200k 16 $2,050,000 $128,125 $1,715 9.03%
    $200k-400k 9 $2,685,000 $298,333 $194 8.49%
    $600k-1MM 3 $2,335,000 $778,333 $140 8.42%
    $400k-600k 2 $1,030,000 $515,000 $0 8.50%

    2023 saw Gulf Coast Bank place emphasis on $100,000 or less loans with 41 originations, totaling $2,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 15 $865,000 $57,667 $250 9.83%
    $50k-75k 13 $1,075,000 $82,692 $1,278 9.00%
    $100k-150k 6 $1,050,000 $175,000 $541 8.65%
    $75k-100k 5 $705,000 $141,000 $640 10.45%
    $250k+ 4 $1,050,000 $262,500 $1,679 8.81%
    $150k-250k 2 $70,000 $35,000 $140 8.75%

    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 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    >60% 10 $1,430,000 $143,000 $503 10.43%
    30-36% 6 $360,000 $60,000 $685 9.33%
    <20% 6 $1,210,000 $201,667 $841 8.17%
    20-30% 5 $375,000 $75,000 $2,061 8.45%
    47% 4 $150,000 $37,500 $222 9.63%
    44% 1 $85,000 $85,000 $152 12.00%
    38% 1 $345,000 $345,000 $362 6.38%
    48% 1 $45,000 $45,000 $152 8.00%
    50-60% 1 $15,000 $15,000 $140 12.50%
    40% 1 $75,000 $75,000 $1,274 9.25%

    Gulf Coast Bank lent most frequently to those with DTI ratios of >60%, with 10 originations. The next most common DTI ratio? 30-36%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 25 $5,345,000 $213,800 $0 9.19%
    White 29 $2,855,000 $98,448 $881 9.34%
    Asian 9 $1,355,000 $150,556 $646 9.14%
    Black 8 $650,000 $81,250 $189 9.58%

    Approval Rates

    Total approvals of all applications
    94.57%

    Gulf Coast Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.46%

    Gulf Coast Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    224.0 1 $45,000 $45,000
    NA 70 $10,160,000 $145,143

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    71 $10,205,000 $143,732

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $1,205,000 $92,692 $383 9.35%
    40-60% 17 $3,635,000 $213,824 $949 9.37%
    60-80% 21 $2,615,000 $124,524 $553 9.40%
    80-100% 10 $1,930,000 $193,000 $1,854 8.38%
    Over 100% 1 $245,000 $245,000 $0 7.75%
    Under 20% 9 $575,000 $63,889 $624 9.97%