Coastal Federal Credit Union Mortgage Lending & HMDA Data, 2023

In 2023, Coastal Federal Credit Union of Raleigh, NC reported 6,205 mortgage applications totaling $1.1 billion, down 29% from 2022. The average application was for $173,449, and applicants reported an average income of $146,892. 59% of its applications resulted in an originated loan and 33% were denied. Its largest markets were Raleigh, NC (3,743), Durham-Chapel Hill, NC (891) and Charlotte-Concord-Gastonia, NC-SC (309) (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 6,205
Total Mortgage Loan Application Amount $1,076,255,000
Average Mortgage Loan Application Amount $173,449
Highest Mortgage Loan Application Amount $8,105,000
Average Applicant Income $146,892
Highest Applicant Income $7,283,000

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records Coastal Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2023

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 3,069 $ 552,565,000 $ 180,047 $ 157,000
Durham, North Carolina 539 $ 88,795,000 $ 164,740 $ 125,000
Johnston, North Carolina 486 $ 63,140,000 $ 129,917 $ 119,000
Franklin, North Carolina 188 $ 26,520,000 $ 141,063 $ 116,000
Mecklenburg, North Carolina 144 $ 25,480,000 $ 176,944 $ 148,000
Chatham, North Carolina 121 $ 29,555,000 $ 244,256 $ 175,000
Harnett, North Carolina 120 $ 18,930,000 $ 157,750 $ 107,000
Orange, North Carolina 113 $ 23,085,000 $ 204,292 $ 168,000
Granville, North Carolina 98 $ 14,380,000 $ 146,734 $ 114,000
Guilford, North Carolina 72 $ 12,100,000 $ 168,055 $ 131,000
New Hanover, North Carolina 72 $ 16,940,000 $ 235,277 $ 163,000
Nash, North Carolina 71 $ 7,885,000 $ 111,056 $ 100,000
Alamance, North Carolina 69 $ 10,445,000 $ 151,376 $ 99,000
Brunswick, North Carolina 61 $ 16,015,000 $ 262,540 $ 187,000
Lee, North Carolina 52 $ 6,360,000 $ 122,307 $ 102,000
Cabarrus, North Carolina 45 $ 7,675,000 $ 170,555 $ 140,000
Cumberland, North Carolina 37 $ 3,495,000 $ 94,459 $ 114,000
Union, North Carolina 35 $ 6,875,000 $ 196,428 $ 155,000
Vance, North Carolina 35 $ 2,845,000 $ 81,285 $ 95,000
Moore, North Carolina 34 $ 10,850,000 $ 319,117 $ 204,000
Onslow, North Carolina 33 $ 6,635,000 $ 201,060 $ 139,000
Carteret, North Carolina 31 $ 9,575,000 $ 308,870 $ 173,000
Forsyth, North Carolina 31 $ 6,905,000 $ 222,741 $ 137,000
Buncombe, North Carolina 27 $ 5,165,000 $ 191,296 $ 192,000
Iredell, North Carolina 27 $ 5,745,000 $ 212,777 $ 140,000
Wayne, North Carolina 26 $ 1,840,000 $ 70,769 $ 79,000
Pitt, North Carolina 25 $ 2,315,000 $ 92,600 $ 123,000
Wilson, North Carolina 25 $ 2,875,000 $ 115,000 $ 117,000
Edgecombe, North Carolina 23 $ 1,325,000 $ 57,608 $ 69,000
Person, North Carolina 20 $ 2,510,000 $ 125,500 $ 99,000
Pender, North Carolina 18 $ 5,120,000 $ 284,444 $ 201,000
Gaston, North Carolina 15 $ 2,735,000 $ 182,333 $ 131,000
Craven, North Carolina 13 $ 1,625,000 $ 125,000 $ 100,000
Rowan, North Carolina 13 $ 855,000 $ 65,769 $ 92,000
Catawba, North Carolina 12 $ 1,550,000 $ 129,166 $ 95,000
Lincoln, North Carolina 12 $ 2,450,000 $ 204,166 $ 127,000
Randolph, North Carolina 12 $ 1,060,000 $ 88,333 $ 84,000
Davidson, North Carolina 11 $ 1,915,000 $ 174,090 $ 117,000
Watauga, North Carolina 11 $ 3,815,000 $ 346,818 $ 195,000
Horry, South Carolina 11 $ 1,765,000 $ 160,454 $ 148,000
York, South Carolina 11 $ 1,655,000 $ 150,454 $ 144,000
Sampson, North Carolina 10 $ 1,110,000 $ 111,000 $ 99,000
Ashe, North Carolina 9 $ 2,275,000 $ 252,777 $ 167,000
Stanly, North Carolina 9 $ 665,000 $ 73,888 $ 82,000
Warren, North Carolina 8 $ 1,580,000 $ 197,500 $ 319,000
Charleston, South Carolina 8 $ 1,000,000 $ 125,000 $ 176,000
Caldwell, North Carolina 7 $ 2,745,000 $ 392,142 $ 214,000
Halifax, North Carolina 7 $ 1,235,000 $ 176,428 $ 122,000
Lancaster, South Carolina 7 $ 1,175,000 $ 167,857 $ 178,000
Currituck, North Carolina 6 $ 1,810,000 $ 301,666 $ 229,000
Haywood, North Carolina 6 $ 1,030,000 $ 171,666 $ 126,000
Henderson, North Carolina 6 $ 2,230,000 $ 371,666 $ 242,000
Rutherford, North Carolina 6 $ 1,410,000 $ 235,000 $ 216,000
Beaufort, North Carolina 5 $ 825,000 $ 165,000 $ 213,000
Cleveland, North Carolina 5 $ 1,045,000 $ 209,000 $ 151,000
Dare, North Carolina 5 $ 1,445,000 $ 289,000 $ 273,000
Duplin, North Carolina 5 $ 305,000 $ 61,000 $ 92,000
Mitchell, North Carolina 5 $ 675,000 $ 135,000 $ 124,000
Rockingham, North Carolina 5 $ 775,000 $ 155,000 $ 166,000
Providence, Rhode Island 5 $ 455,000 $ 91,000 $ 1,175,000
Burke, North Carolina 4 $ 360,000 $ 90,000 $ 78,000
Lenoir, North Carolina 4 $ 640,000 $ 160,000 $ 96,000
Perquimans, North Carolina 4 $ 170,000 $ 42,500 $ 110,000
Stokes, North Carolina 4 $ 580,000 $ 145,000 $ 282,000
Swain, North Carolina 4 $ 1,120,000 $ 280,000 $ 343,000
Richland, South Carolina 4 $ 610,000 $ 152,500 $ 109,000
Spartanburg, South Carolina 4 $ 490,000 $ 122,500 $ 142,000
Mecklenburg, Virginia 4 $ 1,560,000 $ 390,000 $ 215,000
Hillsborough, Florida 3 $ 275,000 $ 91,666 $ 307,000
Fulton, Georgia 3 $ 345,000 $ 115,000 $ 307,000
Gwinnett, Georgia 3 $ 75,000 $ 25,000 $ 40,000
Hoke, North Carolina 3 $ 255,000 $ 85,000 $ 137,000
Madison, North Carolina 3 $ 345,000 $ 115,000 $ 75,000
Montgomery, North Carolina 3 $ 805,000 $ 268,333 $ 125,000
Robeson, North Carolina 3 $ 135,000 $ 45,000 $ 71,000
Anderson, South Carolina 3 $ 115,000 $ 38,333 $ 70,000
Danville, Virginia 3 $ 375,000 $ 125,000 $ 141,000
Santa Clara, California 2 $ 510,000 $ 255,000 $ 257,000
Osceola, Florida 2 $ 320,000 $ 160,000 $ 66,000
Avery, North Carolina 2 $ 890,000 $ 445,000 $ 168,000
Chowan, North Carolina 2 $ 560,000 $ 280,000 $ 120,000
Davie, North Carolina 2 $ 270,000 $ 135,000 $ 256,000
Greene, North Carolina 2 $ 460,000 $ 230,000 $ 120,000
Macon, North Carolina 2 $ 630,000 $ 315,000 $ 309,000
Pamlico, North Carolina 2 $ 800,000 $ 400,000 $ 265,000
Polk, North Carolina 2 $ 970,000 $ 485,000 $ 131,000
Richmond, North Carolina 2 $ 320,000 $ 160,000 $ 113,000
Surry, North Carolina 2 $ 50,000 $ 25,000 $ 91,000
Transylvania, North Carolina 2 $ 300,000 $ 150,000 $ 138,000
Wilkes, North Carolina 2 $ 400,000 $ 200,000 $ 143,000
Yadkin, North Carolina 2 $ 170,000 $ 85,000 $ 147,000
Beaufort, South Carolina 2 $ 350,000 $ 175,000 $ 219,000
Pickens, South Carolina 2 $ 510,000 $ 255,000 $ 103,000
Carroll, Virginia 2 $ 180,000 $ 90,000 $ 86,000
Chesterfield, Virginia 2 $ 190,000 $ 95,000 $ 78,000
Franklin, Virginia 2 $ 590,000 $ 295,000 $ 182,000
Halifax, Virginia 2 $ 160,000 $ 80,000 $ 141,000
Loudoun, Virginia 2 $ 410,000 $ 205,000 $ 265,000
Portsmouth, Virginia 2 $ 90,000 $ 45,000 $ 85,000
Lee, Alabama 1 $ 55,000 $ 55,000 $ 118,000
Mono, California 1 $ 65,000 $ 65,000 $ 151,000
Orange, California 1 $ 255,000 $ 255,000 $ 72,000
Baca, Colorado 1 $ 55,000 $ 55,000 $ 95,000
Jefferson, Colorado 1 $ 185,000 $ 185,000 $ 180,000
Brevard, Florida 1 $ 115,000 $ 115,000 $ 2,297,000
Broward, Florida 1 $ 55,000 $ 55,000 $ 57,000
Orange, Florida 1 $ 55,000 $ 55,000 $ 149,000
Palm Beach, Florida 1 $ 45,000 $ 45,000 $ 87,000
St. Lucie, Florida 1 $ 35,000 $ 35,000 $ 66,000
Volusia, Florida 1 $ 35,000 $ 35,000 $ 118,000
Bartow, Georgia 1 $ 45,000 $ 45,000 $ 114,000
Cobb, Georgia 1 $ 15,000 $ 15,000 $ 58,000
Lafayette, Louisiana 1 $ 35,000 $ 35,000 $ 624,000
Cumberland, Maine 1 $ 105,000 $ 105,000 $ 160,000
Prince George's, Maryland 1 $ 165,000 $ 165,000 $ 225,000
Bristol, Massachusetts 1 $ 45,000 $ 45,000 $ 43,000
Hampshire, Massachusetts 1 $ 105,000 $ 105,000 $ 132,000
Oakland, Michigan 1 $ 65,000 $ 65,000 $ 120,000
Shiawassee, Michigan 1 $ 65,000 $ 65,000 $ 182,000
Warren, New Jersey 1 $ 65,000 $ 65,000 $ 98,000
Nassau, New York 1 $ 25,000 $ 25,000 $ 222,000
Alleghany, North Carolina 1 $ 175,000 $ 175,000 $ 136,000
Bladen, North Carolina 1 $ 55,000 $ 55,000 $ 77,000
Caswell, North Carolina 1 $ 75,000 $ 75,000 $ 112,000
Cherokee, North Carolina 1 $ 25,000 $ 25,000 $ 71,000
Columbus, North Carolina 1 $ 225,000 $ 225,000 $ 60,000
Graham, North Carolina 1 $ 255,000 $ 255,000 $ 187,000
Jones, North Carolina 1 $ 15,000 $ 15,000 $ 40,000
Martin, North Carolina 1 $ 25,000 $ 25,000 $ 92,000
McDowell, North Carolina 1 $ 85,000 $ 85,000 $ 205,000
Washington, North Carolina 1 $ 55,000 $ 55,000 $ 80,000
Yancey, North Carolina 1 $ 175,000 $ 175,000 $ 204,000
Crawford, Ohio 1 $ 45,000 $ 45,000 $ 300,000
Kent, Rhode Island 1 $ 25,000 $ 25,000 $ 144,000
Washington, Rhode Island 1 $ 55,000 $ 55,000 $ 186,000
Berkeley, South Carolina 1 $ 215,000 $ 215,000 $ 64,000
Cherokee, South Carolina 1 $ 35,000 $ 35,000 $ 57,000
Dorchester, South Carolina 1 $ 205,000 $ 205,000 $ 64,000
Georgetown, South Carolina 1 $ 25,000 $ 25,000 $ 133,000
Greenville, South Carolina 1 $ 195,000 $ 195,000 $ 60,000
Laurens, South Carolina 1 $ 75,000 $ 75,000 $ 65,000
Lexington, South Carolina 1 $ 85,000 $ 85,000 $ 140,000
Sevier, Tennessee 1 $ 205,000 $ 205,000 $ 218,000
Denton, Texas 1 $ 85,000 $ 85,000 $ 1,091,000
Goliad, Texas 1 $ 15,000 $ 15,000 $ 34,000
Harris, Texas 1 $ 255,000 $ 255,000 $ 72,000
Albemarle, Virginia 1 $ 55,000 $ 55,000 $ 76,000
Alexandria, Virginia 1 $ 1,505,000 $ 1,505,000 $ 538,000
Amherst, Virginia 1 $ 325,000 $ 325,000 $ 144,000
Augusta, Virginia 1 $ 105,000 $ 105,000 $ 324,000
Botetourt, Virginia 1 $ 105,000 $ 105,000 $ 185,000
Brunswick, Virginia 1 $ 725,000 $ 725,000 $ 367,000
Covington, Virginia 1 $ 15,000 $ 15,000 $ 42,000
Grayson, Virginia 1 $ 115,000 $ 115,000 $ 50,000
Henrico, Virginia 1 $ 85,000 $ 85,000 $ 78,000
Lexington, Virginia 1 $ 415,000 $ 415,000 $ 196,000
Montgomery, Virginia 1 $ 45,000 $ 45,000 $ 106,000
Norfolk, Virginia 1 $ 205,000 $ 205,000 $ 4,800,000
Northumberland, Virginia 1 $ 75,000 $ 75,000 $ 0
Prince William, Virginia 1 $ 475,000 $ 475,000 $ 176,000
Richmond City, Virginia 1 $ 105,000 $ 105,000 $ 116,000
Roanoke, Virginia 1 $ 345,000 $ 345,000 $ 130,000
Spotsylvania, Virginia 1 $ 35,000 $ 35,000 $ 63,000
Stafford, Virginia 1 $ 75,000 $ 75,000 $ 95,000
Suffolk, Virginia 1 $ 105,000 $ 105,000 $ 174,000
Washington, Virginia 1 $ 155,000 $ 155,000 $ 145,000

Mortgage Loan Application Detail Totals for Coastal Federal Credit Union in 2023

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
Other Purpose 1,995 $183,655,000 $92,000 $505,000 $134,000 $7,283,000
Home Improvement 1,915 $188,775,000 $98,000 $605,000 $143,000 $4,800,000
Home Purchase 1,352 $519,630,000 $384,000 $8,105,000 $174,000 $5,562,000
Refinancing 748 $131,430,000 $175,000 $1,825,000 $149,000 $1,105,000
Cash-out Refinancing 195 $52,765,000 $270,000 $885,000 $121,000 $358,000
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 3,646 $605,060,000 $165,000 $2,315,000 $147,000 $7,283,000
Not Provided 930 $150,360,000 $161,000 $1,825,000 $156,000 $4,800,000
Black or African American 800 $118,300,000 $147,000 $1,125,000 $122,000 $5,562,000
Hispanic 367 $56,835,000 $154,000 $1,505,000 $133,000 $1,296,000
Asian 290 $73,050,000 $251,000 $1,505,000 $179,000 $4,959,000
American Indian or Alaskan Native 32 $5,920,000 $185,000 $605,000 $140,000 $353,000
Not applicable 16 $12,650,000 $790,000 $8,105,000 $0 $0
Native Hawaiian or Other Pacific Islander 8 $580,000 $72,000 $205,000 $92,000 $120,000

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) 6,205 $1,076,255,000 $173,000 $8,105,000 $147,000 $7,283,000
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 3,639 $676,905,000 $186,000 $8,105,000 $155,000 $1,105,000
Application Denied By Financial Institution 2,050 $227,850,000 $111,000 $1,185,000 $128,000 $7,283,000
Application Withdrawn By Applicant 311 $97,135,000 $312,000 $1,165,000 $148,000 $1,976,000
File Closed For Incompleteness 107 $38,345,000 $358,000 $1,025,000 $196,000 $4,959,000
Application Approved But Not Accepted 98 $36,020,000 $367,000 $1,045,000 $156,000 $520,000
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 4,155 $848,405,000 $204,000 $8,105,000 $156,000 $4,959,000
Credit History 706 $65,110,000 $92,000 $535,000 $130,000 $7,283,000
Other 610 $64,040,000 $104,000 $605,000 $157,000 $5,562,000
Debt-To-Income Ratio 600 $81,860,000 $136,000 $695,000 $86,000 $423,000
Collateral 83 $9,725,000 $117,000 $805,000 $162,000 $1,296,000
Unverifiable Information 37 $4,425,000 $119,000 $285,000 $238,000 $3,060,000
Employment History 12 $2,470,000 $205,000 $1,185,000 $149,000 $420,000
Insufficient Cash (Downpayment, Closing Cost) 2 $220,000 $110,000 $135,000 $79,000 $94,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Coastal Federal Credit Union's 2023 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.
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