North Coast Mortgage Lending & HMDA Data, 2010
In 2010, North Coast of Bellingham, WA reported 202 mortgage applications totaling $34.6 million, down 28% from 2009. The average application was for $171,108, and applicants reported an average income of $91,504. 46% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Bellingham, WA (102), Mount Vernon-Anacortes, WA (65) and Seattle-Bellevue-Everett, WA (4) (applications in parentheses).
| Mortgage Company & Address | North Coast 1100 Dupont St Bellingham, WA 98225 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 202 |
| Total Mortgage Loan Application Amount | $34,564,000 |
| Average Mortgage Loan Application Amount | $171,108 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $91,504 |
| Highest Applicant Income | $1,925,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records North Coast filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for North Coast in 2010
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 |
|---|---|---|---|---|---|---|
| Refinancing | 123 | $21,864,000 | $177,000 | $1,000,000 | $97,000 | $1,925,000 |
| Home Purchase | 70 | $12,593,000 | $179,000 | $608,000 | $85,000 | $527,000 |
| Home Improvement | 9 | $107,000 | $11,000 | $45,000 | $67,000 | $109,000 |
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 | 173 | $29,391,000 | $169,000 | $1,000,000 | $93,000 | $1,925,000 |
| Not Provided | 11 | $2,193,000 | $199,000 | $400,000 | $80,000 | $166,000 |
| American Indian or Alaskan Native | 7 | $899,000 | $128,000 | $200,000 | $45,000 | $67,000 |
| Hispanic | 5 | $407,000 | $81,000 | $199,000 | $57,000 | $100,000 |
| Asian | 4 | $1,288,000 | $322,000 | $750,000 | $181,000 | $301,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $225,000 | $225,000 | $225,000 | $131,000 | $131,000 |
| Not applicable | 1 | $161,000 | $161,000 | $161,000 | $0 | $0 |
| Black or African American | 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) | 202 | $34,564,000 | $171,000 | $1,000,000 | $92,000 | $1,925,000 |
| 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 | 93 | $16,028,000 | $172,000 | $1,000,000 | $103,000 | $1,925,000 |
| Application Withdrawn By Applicant | 65 | $10,921,000 | $168,000 | $800,000 | $89,000 | $527,000 |
| Application Denied By Financial Institution | 42 | $7,349,000 | $174,000 | $650,000 | $70,000 | $174,000 |
| Preapproval Approved but not Accepted | 1 | $80,000 | $80,000 | $80,000 | $48,000 | $48,000 |
| Preapproval Denied by Financial Institution | 1 | $186,000 | $186,000 | $186,000 | $68,000 | $68,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 14 | $2,065,000 | $147,000 | $325,000 | $77,000 | $140,000 |
| Debt-To-Income Ratio | 14 | $2,203,000 | $157,000 | $650,000 | $52,000 | $104,000 |
| Other | 6 | $1,319,000 | $219,000 | $500,000 | $87,000 | $174,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $740,000 | $185,000 | $270,000 | $83,000 | $143,000 |
| Collateral | 3 | $808,000 | $269,000 | $400,000 | $84,000 | $142,000 |
| Mortgage Insurance Denied | 1 | $200,000 | $200,000 | $200,000 | $67,000 | $67,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into North Coast's 2010 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 North Coast'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 Washington, download the full spreadsheet
with aggregated HMDA statistics today.
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