Coast Capital Inc Mortgage Lending & HMDA Data, 2013
In 2013, Coast Capital Inc of Lafayette, LA reported 704 mortgage applications totaling $99.1 million, down 20% from 2012. The average application was for $140,779, and applicants reported an average income of $53,024. 0% of its applications resulted in an originated loan and 65% were denied. Its largest markets were Lafayette, LA (116), Baton Rouge, LA (1) and New Orleans-Metairie-Kenner, LA (1) (applications in parentheses).
| Mortgage Company & Address | Coast Capital Inc 720 Saint John Street Lafayette, LA 70501 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 704 |
| Total Mortgage Loan Application Amount | $99,109,000 |
| Average Mortgage Loan Application Amount | $140,779 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $53,024 |
| Highest Applicant Income | $314,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Coast Capital Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lafayette, Louisiana | 99 | $ 15,239,000 | $ 153,929 | $ 65,000 |
| St. Martin, Louisiana | 17 | $ 2,543,000 | $ 149,588 | $ 60,000 |
| Acadia, Louisiana | 10 | $ 1,336,000 | $ 133,600 | $ 61,000 |
| Vermilion, Louisiana | 5 | $ 647,000 | $ 129,400 | $ 65,000 |
| St. Landry, Louisiana | 4 | $ 282,000 | $ 70,500 | $ 38,000 |
| Iberia, Louisiana | 3 | $ 469,000 | $ 156,333 | $ 50,000 |
| East Baton Rouge, Louisiana | 1 | $ 116,000 | $ 116,000 | $ 75,000 |
| Jefferson, Louisiana | 1 | $ 54,000 | $ 54,000 | $ 29,000 |
Mortgage Loan Application Detail Totals for Coast Capital Inc in 2013
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 648 | $90,550,000 | $139,000 | $417,000 | $52,000 | $314,000 |
| Refinancing | 53 | $8,028,000 | $151,000 | $409,000 | $63,000 | $211,000 |
| Home Improvement | 3 | $531,000 | $177,000 | $272,000 | $98,000 | $121,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 429 | $63,328,000 | $147,000 | $417,000 | $57,000 | $314,000 |
| Black or African American | 212 | $26,994,000 | $127,000 | $409,000 | $45,000 | $191,000 |
| Not Provided | 32 | $3,788,000 | $118,000 | $260,000 | $42,000 | $160,000 |
| Hispanic | 16 | $2,518,000 | $157,000 | $380,000 | $62,000 | $163,000 |
| Asian | 11 | $1,815,000 | $165,000 | $315,000 | $58,000 | $211,000 |
| American Indian or Alaskan Native | 3 | $477,000 | $159,000 | $190,000 | $49,000 | $81,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $189,000 | $189,000 | $189,000 | $46,000 | $46,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 254 | $31,087,000 | $122,000 | $280,000 | $42,000 | $98,000 |
| FHA-insured (Federal Housing Administration) | 205 | $27,744,000 | $135,000 | $280,000 | $50,000 | $185,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 204 | $33,694,000 | $165,000 | $417,000 | $69,000 | $314,000 |
| VA-guaranteed (Veterans Administration) | 41 | $6,584,000 | $160,000 | $413,000 | $60,000 | $163,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 455 | $59,266,000 | $130,000 | $409,000 | $48,000 | $191,000 |
| Application Withdrawn By Applicant | 241 | $38,448,000 | $159,000 | $417,000 | $63,000 | $314,000 |
| File Closed For Incompleteness | 3 | $719,000 | $239,000 | $384,000 | $73,000 | $111,000 |
| Application Approved But Not Accepted | 3 | $357,000 | $119,000 | $163,000 | $55,000 | $116,000 |
| Loan Originated | 2 | $319,000 | $159,000 | $181,000 | $57,000 | $63,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 2 | $295,000 | $147,000 | $163,000 | $55,000 | $62,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Coast Capital Inc's 2013 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Coast Capital Inc's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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with aggregated HMDA statistics today.
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