Coastal Federal Credit Union Mortgage Lending & HMDA Data, 2022

In 2022, Coastal Federal Credit Union of Raleigh, NC reported 8,794 mortgage applications totaling $1.6 billion, up 3% from 2021. The average application was for $183,622, and applicants reported an average income of $142,696. 65% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Raleigh, NC (5,559), Durham-Chapel Hill, NC (1,258) and Charlotte-Concord-Gastonia, NC-SC (410) (applications in parentheses).

Mortgage Company & Address Coastal Federal Credit Union
Po Box 99167
Raleigh, NC 27690
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 8,794
Total Mortgage Loan Application Amount $1,614,780,000
Average Mortgage Loan Application Amount $183,622
Highest Mortgage Loan Application Amount $2,005,000
Average Applicant Income $142,696
Highest Applicant Income $9,400,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Coastal Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Coastal Federal Credit Union by County in 2022

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Wake, North Carolina 4,694 $ 896,660,000 $ 191,022 $ 153,000
Durham, North Carolina 746 $ 119,300,000 $ 159,919 $ 125,000
Johnston, North Carolina 622 $ 84,910,000 $ 136,511 $ 111,000
Franklin, North Carolina 243 $ 40,145,000 $ 165,205 $ 113,000
Mecklenburg, North Carolina 193 $ 31,925,000 $ 165,414 $ 143,000
Chatham, North Carolina 180 $ 53,990,000 $ 299,944 $ 185,000
Orange, North Carolina 175 $ 34,255,000 $ 195,742 $ 160,000
Granville, North Carolina 127 $ 20,285,000 $ 159,724 $ 116,000
Harnett, North Carolina 120 $ 17,640,000 $ 147,000 $ 107,000
Nash, North Carolina 100 $ 10,450,000 $ 104,500 $ 101,000
Alamance, North Carolina 91 $ 13,825,000 $ 151,923 $ 108,000
New Hanover, North Carolina 86 $ 20,480,000 $ 238,139 $ 203,000
Brunswick, North Carolina 74 $ 20,840,000 $ 281,621 $ 149,000
Guilford, North Carolina 70 $ 11,550,000 $ 165,000 $ 132,000
Carteret, North Carolina 59 $ 21,115,000 $ 357,881 $ 174,000
Cabarrus, North Carolina 56 $ 7,190,000 $ 128,392 $ 109,000
Cumberland, North Carolina 55 $ 6,965,000 $ 126,636 $ 111,000
Vance, North Carolina 53 $ 5,775,000 $ 108,962 $ 87,000
Union, North Carolina 52 $ 9,820,000 $ 188,846 $ 165,000
Lee, North Carolina 45 $ 6,425,000 $ 142,777 $ 108,000
Wilson, North Carolina 43 $ 5,195,000 $ 120,813 $ 102,000
Forsyth, North Carolina 38 $ 5,270,000 $ 138,684 $ 123,000
Onslow, North Carolina 35 $ 8,735,000 $ 249,571 $ 148,000
Moore, North Carolina 34 $ 5,060,000 $ 148,823 $ 122,000
Pitt, North Carolina 33 $ 4,075,000 $ 123,484 $ 128,000
Person, North Carolina 30 $ 3,770,000 $ 125,666 $ 99,000
Gaston, North Carolina 29 $ 4,505,000 $ 155,344 $ 138,000
Iredell, North Carolina 29 $ 5,235,000 $ 180,517 $ 164,000
Edgecombe, North Carolina 26 $ 1,960,000 $ 75,384 $ 73,000
Wayne, North Carolina 26 $ 2,990,000 $ 115,000 $ 123,000
Buncombe, North Carolina 23 $ 7,045,000 $ 306,304 $ 226,000
Horry, South Carolina 23 $ 7,705,000 $ 335,000 $ 197,000
Davidson, North Carolina 21 $ 3,375,000 $ 160,714 $ 123,000
Pender, North Carolina 19 $ 4,885,000 $ 257,105 $ 164,000
Randolph, North Carolina 18 $ 2,440,000 $ 135,555 $ 91,000
Halifax, North Carolina 16 $ 2,560,000 $ 160,000 $ 129,000
Watauga, North Carolina 16 $ 5,140,000 $ 321,250 $ 215,000
Lincoln, North Carolina 15 $ 2,585,000 $ 172,333 $ 148,000
Sampson, North Carolina 15 $ 1,305,000 $ 87,000 $ 103,000
Rowan, North Carolina 14 $ 2,400,000 $ 171,428 $ 104,000
Warren, North Carolina 13 $ 3,685,000 $ 283,461 $ 143,000
Craven, North Carolina 11 $ 905,000 $ 82,272 $ 85,000
Lancaster, South Carolina 11 $ 3,035,000 $ 275,909 $ 174,000
York, South Carolina 11 $ 955,000 $ 86,818 $ 147,000
Catawba, North Carolina 10 $ 1,780,000 $ 178,000 $ 129,000
Dare, North Carolina 10 $ 3,780,000 $ 378,000 $ 309,000
Beaufort, North Carolina 9 $ 1,675,000 $ 186,111 $ 176,000
Caldwell, North Carolina 9 $ 2,745,000 $ 305,000 $ 166,000
Lenoir, North Carolina 9 $ 1,015,000 $ 112,777 $ 111,000
Richland, South Carolina 9 $ 1,625,000 $ 180,555 $ 118,000
Stanly, North Carolina 8 $ 1,510,000 $ 188,750 $ 94,000
Burke, North Carolina 7 $ 1,015,000 $ 145,000 $ 96,000
Spartanburg, South Carolina 7 $ 555,000 $ 79,285 $ 119,000
Ashe, North Carolina 6 $ 1,810,000 $ 301,666 $ 172,000
Avery, North Carolina 6 $ 1,970,000 $ 328,333 $ 190,000
Hoke, North Carolina 6 $ 970,000 $ 161,666 $ 61,000
Stokes, North Carolina 6 $ 340,000 $ 56,666 $ 92,000
Providence, Rhode Island 6 $ 640,000 $ 106,666 $ 110,000
Beaufort, South Carolina 6 $ 1,280,000 $ 213,333 $ 164,000
Chesterfield, Virginia 6 $ 700,000 $ 116,666 $ 118,000
Henderson, North Carolina 5 $ 845,000 $ 169,000 $ 135,000
Greenville, South Carolina 5 $ 885,000 $ 177,000 $ 162,000
Danville, Virginia 5 $ 695,000 $ 139,000 $ 91,000
Fairfax, Virginia 5 $ 2,825,000 $ 565,000 $ 276,000
Mecklenburg, Virginia 5 $ 1,165,000 $ 233,000 $ 144,000
Bladen, North Carolina 4 $ 140,000 $ 35,000 $ 48,000
Caswell, North Carolina 4 $ 760,000 $ 190,000 $ 234,000
Chowan, North Carolina 4 $ 710,000 $ 177,500 $ 140,000
Currituck, North Carolina 4 $ 1,710,000 $ 427,500 $ 248,000
Madison, North Carolina 4 $ 1,470,000 $ 367,500 $ 247,000
Montgomery, North Carolina 4 $ 2,470,000 $ 617,500 $ 303,000
Northampton, North Carolina 4 $ 620,000 $ 155,000 $ 142,000
Surry, North Carolina 4 $ 390,000 $ 97,500 $ 103,000
Charleston, South Carolina 4 $ 820,000 $ 205,000 $ 153,000
Columbus, North Carolina 3 $ 885,000 $ 295,000 $ 218,000
Davie, North Carolina 3 $ 825,000 $ 275,000 $ 138,000
Greene, North Carolina 3 $ 525,000 $ 175,000 $ 55,000
Haywood, North Carolina 3 $ 615,000 $ 205,000 $ 178,000
Robeson, North Carolina 3 $ 275,000 $ 91,666 $ 69,000
Rockingham, North Carolina 3 $ 275,000 $ 91,666 $ 53,000
Rutherford, North Carolina 3 $ 465,000 $ 155,000 $ 165,000
Bedford, Virginia 3 $ 1,295,000 $ 431,666 $ 202,000
Chesapeake, Virginia 3 $ 175,000 $ 58,333 $ 153,000
Roanoke City, Virginia 3 $ 295,000 $ 98,333 $ 88,000
Madison, Indiana 2 $ 90,000 $ 45,000 $ 72,000
Bristol, Massachusetts 2 $ 160,000 $ 80,000 $ 104,000
Alexander, North Carolina 2 $ 550,000 $ 275,000 $ 107,000
Alleghany, North Carolina 2 $ 230,000 $ 115,000 $ 353,000
Cleveland, North Carolina 2 $ 100,000 $ 50,000 $ 192,000
Duplin, North Carolina 2 $ 110,000 $ 55,000 $ 96,000
Hertford, North Carolina 2 $ 380,000 $ 190,000 $ 161,000
Jackson, North Carolina 2 $ 200,000 $ 100,000 $ 120,000
McDowell, North Carolina 2 $ 180,000 $ 90,000 $ 98,000
Mitchell, North Carolina 2 $ 190,000 $ 95,000 $ 49,000
Pasquotank, North Carolina 2 $ 120,000 $ 60,000 $ 93,000
Polk, North Carolina 2 $ 310,000 $ 155,000 $ 111,000
Richmond, North Carolina 2 $ 210,000 $ 105,000 $ 304,000
Scotland, North Carolina 2 $ 60,000 $ 30,000 $ 60,000
Transylvania, North Carolina 2 $ 700,000 $ 350,000 $ 180,000
Kent, Rhode Island 2 $ 170,000 $ 85,000 $ 206,000
Florence, South Carolina 2 $ 110,000 $ 55,000 $ 110,000
Alexandria, Virginia 2 $ 670,000 $ 335,000 $ 204,000
Brunswick, Virginia 2 $ 1,530,000 $ 765,000 $ 530,000
Carroll, Virginia 2 $ 600,000 $ 300,000 $ 137,000
Charlotte, Virginia 2 $ 100,000 $ 50,000 $ 52,000
Henry, Virginia 2 $ 80,000 $ 40,000 $ 110,000
Loudoun, Virginia 2 $ 480,000 $ 240,000 $ 383,000
Pittsylvania, Virginia 2 $ 120,000 $ 60,000 $ 87,000
Morgan, Alabama 1 $ 15,000 $ 15,000 $ 151,000
Maricopa, Arizona 1 $ 505,000 $ 505,000 $ 133,000
Yavapai, Arizona 1 $ 275,000 $ 275,000 $ 2,160,000
Fresno, California 1 $ 115,000 $ 115,000 $ 108,000
El Paso, Colorado 1 $ 105,000 $ 105,000 $ 128,000
Hartford, Connecticut 1 $ 75,000 $ 75,000 $ 102,000
New Haven, Connecticut 1 $ 105,000 $ 105,000 $ 120,000
District of Columbia, District Of Columbia 1 $ 75,000 $ 75,000 $ 18,000
Broward, Florida 1 $ 35,000 $ 35,000 $ 64,000
Duval, Florida 1 $ 25,000 $ 25,000 $ 18,000
Miami-Dade, Florida 1 $ 105,000 $ 105,000 $ 337,000
Okaloosa, Florida 1 $ 155,000 $ 155,000 $ 194,000
Orange, Florida 1 $ 125,000 $ 125,000 $ 99,000
Polk, Florida 1 $ 105,000 $ 105,000 $ 144,000
Santa Rosa, Florida 1 $ 55,000 $ 55,000 $ 66,000
Seminole, Florida 1 $ 145,000 $ 145,000 $ 101,000
St. Johns, Florida 1 $ 225,000 $ 225,000 $ 540,000
DeKalb, Georgia 1 $ 85,000 $ 85,000 $ 188,000
Oconee, Georgia 1 $ 75,000 $ 75,000 $ 150,000
Madison, Kentucky 1 $ 45,000 $ 45,000 $ 119,000
Prince George's, Maryland 1 $ 25,000 $ 25,000 $ 72,000
Hampshire, Massachusetts 1 $ 205,000 $ 205,000 $ 271,000
Shiawassee, Michigan 1 $ 35,000 $ 35,000 $ 177,000
St. Louis, Missouri 1 $ 25,000 $ 25,000 $ 120,000
Hudson, New Jersey 1 $ 65,000 $ 65,000 $ 230,000
Somerset, New Jersey 1 $ 185,000 $ 185,000 $ 260,000
Bertie, North Carolina 1 $ 395,000 $ 395,000 $ 146,000
Cherokee, North Carolina 1 $ 75,000 $ 75,000 $ 108,000
Gates, North Carolina 1 $ 25,000 $ 25,000 $ 48,000
Graham, North Carolina 1 $ 255,000 $ 255,000 $ 200,000
Jones, North Carolina 1 $ 365,000 $ 365,000 $ 162,000
Swain, North Carolina 1 $ 305,000 $ 305,000 $ 131,000
Wilkes, North Carolina 1 $ 275,000 $ 275,000 $ 57,000
Yadkin, North Carolina 1 $ 55,000 $ 55,000 $ 118,000
Yancey, North Carolina 1 $ 335,000 $ 335,000 $ 322,000
Aiken, South Carolina 1 $ 225,000 $ 225,000 $ 100,000
Anderson, South Carolina 1 $ 35,000 $ 35,000 $ 72,000
Berkeley, South Carolina 1 $ 105,000 $ 105,000 $ 125,000
Edgefield, South Carolina 1 $ 325,000 $ 325,000 $ 141,000
Georgetown, South Carolina 1 $ 105,000 $ 105,000 $ 221,000
Lexington, South Carolina 1 $ 255,000 $ 255,000 $ 294,000
Marlboro, South Carolina 1 $ 25,000 $ 25,000 $ 24,000
Sumter, South Carolina 1 $ 105,000 $ 105,000 $ 56,000
Union, South Carolina 1 $ 65,000 $ 65,000 $ 49,000
Monroe, Tennessee 1 $ 55,000 $ 55,000 $ 81,000
Bexar, Texas 1 $ 25,000 $ 25,000 $ 40,000
Denton, Texas 1 $ 85,000 $ 85,000 $ 285,000
Montgomery, Texas 1 $ 75,000 $ 75,000 $ 271,000
Tarrant, Texas 1 $ 85,000 $ 85,000 $ 253,000
Albemarle, Virginia 1 $ 335,000 $ 335,000 $ 85,000
Buckingham, Virginia 1 $ 85,000 $ 85,000 $ 180,000
Cumberland, Virginia 1 $ 35,000 $ 35,000 $ 42,000
Dinwiddie, Virginia 1 $ 105,000 $ 105,000 $ 82,000
Franklin, Virginia 1 $ 155,000 $ 155,000 $ 95,000
Halifax, Virginia 1 $ 35,000 $ 35,000 $ 78,000
Hampton, Virginia 1 $ 35,000 $ 35,000 $ 49,000
Hanover, Virginia 1 $ 215,000 $ 215,000 $ 112,000
Lancaster, Virginia 1 $ 205,000 $ 205,000 $ 179,000
Newport News, Virginia 1 $ 35,000 $ 35,000 $ 0
Portsmouth, Virginia 1 $ 345,000 $ 345,000 $ 207,000
Richmond City, Virginia 1 $ 65,000 $ 65,000 $ 88,000
Smyth, Virginia 1 $ 165,000 $ 165,000 $ 86,000
Stafford, Virginia 1 $ 265,000 $ 265,000 $ 74,000
Suffolk, Virginia 1 $ 165,000 $ 165,000 $ 110,000
Virginia Beach, Virginia 1 $ 275,000 $ 275,000 $ 225,000
Westmoreland, Virginia 1 $ 105,000 $ 105,000 $ 120,000

Mortgage Loan Application Detail Totals for Coastal Federal Credit Union in 2022

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 Improvement 2,731 $278,395,000 $101,000 $505,000 $146,000 $9,400,000
Other Purpose 2,541 $260,795,000 $102,000 $905,000 $134,000 $1,980,000
Home Purchase 1,708 $662,280,000 $387,000 $2,005,000 $161,000 $3,977,000
Refinancing 1,008 $195,180,000 $193,000 $1,525,000 $142,000 $824,000
Cash-out Refinancing 806 $218,130,000 $270,000 $1,065,000 $121,000 $917,000
Not Applicable 0 $0 $0 $0 $0 $0

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 5,199 $956,555,000 $183,000 $1,655,000 $146,000 $2,160,000
Not Provided 1,474 $257,810,000 $174,000 $1,755,000 $150,000 $3,977,000
Black or African American 1,118 $171,490,000 $153,000 $1,255,000 $119,000 $9,400,000
Hispanic 417 $63,125,000 $151,000 $1,015,000 $119,000 $855,000
Asian 362 $86,140,000 $237,000 $1,085,000 $159,000 $1,707,000
American Indian or Alaskan Native 38 $8,310,000 $218,000 $705,000 $159,000 $1,200,000
Not applicable 9 $3,125,000 $347,000 $1,525,000 $0 $0
Native Hawaiian or Other Pacific Islander 5 $235,000 $47,000 $105,000 $86,000 $128,000

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) 8,794 $1,614,780,000 $183,000 $2,005,000 $143,000 $9,400,000
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 5,735 $1,085,855,000 $189,000 $2,005,000 $151,000 $1,371,000
Application Denied By Financial Institution 2,235 $275,495,000 $123,000 $1,255,000 $120,000 $9,400,000
Application Withdrawn By Applicant 495 $140,835,000 $284,000 $1,755,000 $145,000 $1,980,000
File Closed For Incompleteness 177 $57,375,000 $324,000 $1,405,000 $152,000 $3,977,000
Application Approved But Not Accepted 152 $55,220,000 $363,000 $1,505,000 $135,000 $959,000
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
Not applicable 6,559 $1,339,285,000 $204,000 $2,005,000 $151,000 $3,977,000
Debt-To-Income Ratio 801 $123,965,000 $154,000 $1,255,000 $86,000 $346,000
Other 740 $78,840,000 $106,000 $805,000 $142,000 $2,160,000
Credit History 423 $37,655,000 $89,000 $515,000 $126,000 $9,400,000
Collateral 174 $22,810,000 $131,000 $755,000 $161,000 $1,200,000
Unverifiable Information 66 $7,630,000 $115,000 $505,000 $136,000 $516,000
Employment History 26 $3,310,000 $127,000 $355,000 $105,000 $360,000
Insufficient Cash (Downpayment, Closing Cost) 4 $840,000 $210,000 $495,000 $46,000 $96,000
Mortgage Insurance Denied 1 $445,000 $445,000 $445,000 $592,000 $592,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Coastal Federal Credit Union's 2022 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 Federal Credit Union'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.

Download the North Carolina Lender List