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

Jump to:

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, Mobile, Baton Rouge, Opelousas, and Shreveport among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Gulf Coast Bank 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    120

    Origination Dollar Volume (All Markets)

    $15,540,000

    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) 113 $14,005,000 $123,938 $0 0.00%
    MOBILE, AL (FHA|USDA|VA) 1 $565,000 $565,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 2 $540,000 $270,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 2 $200,000 $100,000 $0 0.00%
    Outside of Metro Areas 1 $175,000 $175,000 $0 0.00%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Gulf Coast Bank's top markets include Lafayette, Mobile, Baton Rouge, Opelousas, and Shreveport among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 120 $15,540,000 $129,500 $0 0.00%

    For 2022, Gulf Coast Bank's most frequently originated type of loan was Conventional, with 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 74 $9,050,000 $122,297 $0 0.00%
    Home Purchase 40 $6,160,000 $154,000 $0 0.00%
    Home Improvement 6 $330,000 $55,000 $0 0.00%

    For 2022, Gulf Coast Bank's most frequently cited loan purpose was Refi, with 74 originations. The 2nd most popular reason was Home Purchase, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 120 $15,540,000 $129,500 $0 0.00%

    For 2022, Gulf Coast Bank's most frequently cited loan duration was Other, with 120 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 67 $3,335,000 $49,776 $0 0.00%
    $100k-200k 31 $4,355,000 $140,484 $0 0.00%
    $200k-400k 18 $5,150,000 $286,111 $0 0.00%
    $400k-600k 3 $1,555,000 $518,333 $0 0.00%
    $1MM+ 1 $1,145,000 $1,145,000 $0 0.00%

    2022 saw Gulf Coast Bank place emphasis on $100,000 or less loans with 67 originations, totaling $3,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 24 $1,800,000 $75,000 $0 0.00%
    $75k-100k 14 $1,000,000 $71,429 $0 0.00%
    $50k-75k 11 $675,000 $61,364 $0 0.00%
    $100k-150k 9 $1,565,000 $173,889 $0 0.00%
    $150k-250k 9 $1,965,000 $218,333 $0 0.00%
    $250k+ 7 $1,405,000 $200,714 $0 0.00%

    Gulf Coast Bank lent most frequently to those with incomes in the $50k or less range, with 24 originations. The second most popular income band? $75k-100k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 120 $15,540,000 $129,500 $0 0.00%

    Gulf Coast Bank lent most frequently to those with DTI ratios of Exempt%, with 120 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 54 $7,130,000 $132,037 $0 0.00%
    Not applicable 46 $7,130,000 $155,000 $0 0.00%
    Asian 13 $805,000 $61,923 $0 0.00%
    Black 7 $475,000 $67,857 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.48%

    Gulf Coast Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.50%

    Gulf Coast Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 120 $15,540,000 $129,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    120 $15,540,000 $129,500