Coastal Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, Coastal Bank & Trust of Jacksonville, NC reported 30 mortgage applications totaling $7.9 million, down 54% from 2016. The average application was for $262,166, and applicants reported an average income of $111,100. 70% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Jacksonville, NC (16), Wilmington, NC (10) and Charlotte-Concord-Gastonia, NC-SC (1) (applications in parentheses).
| Mortgage Company & Address | Coastal Bank & Trust 2414 N Marine Blvd Jacksonville, NC 28546 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 30 |
| Total Mortgage Loan Application Amount | $7,865,000 |
| Average Mortgage Loan Application Amount | $262,166 |
| Highest Mortgage Loan Application Amount | $996,000 |
| Average Applicant Income | $111,100 |
| Highest Applicant Income | $545,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Coastal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Onslow, North Carolina | 16 | $ 2,240,000 | $ 140,000 | $ 88,000 |
| Pender, North Carolina | 7 | $ 2,257,000 | $ 322,428 | $ 149,000 |
| New Hanover, North Carolina | 3 | $ 1,581,000 | $ 527,000 | $ 46,000 |
| Carteret, North Carolina | 1 | $ 996,000 | $ 996,000 | $ 0 |
| Mecklenburg, North Carolina | 1 | $ 280,000 | $ 280,000 | $ 112,000 |
| Nash, North Carolina | 1 | $ 419,000 | $ 419,000 | $ 92,000 |
| Orange, North Carolina | 1 | $ 92,000 | $ 92,000 | $ 545,000 |
Mortgage Loan Application Detail Totals for Coastal Bank & Trust in 2017
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 | 20 | $3,567,000 | $178,000 | $655,000 | $103,000 | $545,000 |
| Refinancing | 9 | $3,956,000 | $439,000 | $996,000 | $87,000 | $211,000 |
| Home Improvement | 1 | $342,000 | $342,000 | $342,000 | $490,000 | $490,000 |
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 | 21 | $5,310,000 | $252,000 | $655,000 | $128,000 | $490,000 |
| Not applicable | 5 | $2,012,000 | $402,000 | $996,000 | $0 | $0 |
| Not Provided | 3 | $451,000 | $150,000 | $212,000 | $41,000 | $67,000 |
| Asian | 1 | $92,000 | $92,000 | $92,000 | $545,000 | $545,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 30 | $7,865,000 | $262,000 | $996,000 | $111,000 | $545,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Loan Originated | 21 | $5,460,000 | $260,000 | $996,000 | $120,000 | $545,000 |
| Application Denied By Financial Institution | 5 | $1,295,000 | $259,000 | $800,000 | $36,000 | $67,000 |
| Application Withdrawn By Applicant | 4 | $1,110,000 | $277,000 | $370,000 | $163,000 | $211,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Coastal Bank & Trust's 2017 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 Coastal Bank & Trust'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.
For a list of all lenders in North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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