Coastal1 Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2015

Coastal1 Credit Union 2015 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.

Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher, this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.

Mortgage Company & Address Coastal1 Credit Union
1200 Central Avenue
Pawtucket, RI 02861
Tel #: available with data download
Federal Regulator * available with data download
Years 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 2,053
Total Mortgage Loan Application Amount $351,031,000
Average Mortgage Loan Application Amount $171,000
Highest Mortgage Loan Application Amount $1,450,000
Average Applicant Income $114,000
Highest Applicant Income $2,465,000

Explore comprehensive HMDA mortgage statistics and lending trends for 2015 with Coastal1 Credit Union. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Coastal1 Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.

Our HMDA dataset for 2015 breaks down Coastal1 Credit Union's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Coastal1 Credit Union serves its applicants.

Each category highlights the total number of mortgage applications processed by Coastal1 Credit Union, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Coastal1 Credit Union's mortgage activity for 2015.

Mortgage Loan Application Totals for Coastal1 Credit Union by Metropolitan Area in 2015

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
PROVIDENCE-WARWICK, RI-MA 2,010 $ 337,640,000 $ 173,000 $ 112,000
BOSTON, MA 26 $ 7,582,000 $ 291,000 $ 198,000
WORCESTER, MA-CT 8 $ 2,210,000 $ 276,000 $ 145,000
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 6 $ 2,415,000 $ 402,000 $ 324,000
BARNSTABLE TOWN, MA 2 $ 659,000 $ 329,000 $ 249,000

Mortgage Loan Application Detail Totals for Coastal1 Credit Union in 2015

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 1,609 $276,496,000 $171,000 $1,450,000 $114,000 $2,465,000
Home Improvement 232 $21,313,000 $91,000 $400,000 $97,000 $340,000
Home Purchase 212 $53,222,000 $251,000 $1,120,000 $131,000 $1,329,000

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 1,804 $307,079,000 $170,000 $1,450,000 $114,000 $1,329,000
Not Provided 79 $14,049,000 $177,000 $500,000 $167,000 $2,465,000
Hispanic 56 $6,934,000 $123,000 $336,000 $82,000 $283,000
Asian 41 $8,565,000 $208,000 $620,000 $123,000 $427,000
Black or African American 41 $6,118,000 $149,000 $417,000 $107,000 $613,000
Not applicable 26 $7,420,000 $285,000 $974,000 $4,000 $117,000
American Indian or Alaskan Native 6 $866,000 $144,000 $352,000 $72,000 $151,000
Native Hawaiian or Other Pacific Islander 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) 2,053 $351,031,000 $170,000 $1,450,000 $114,000 $2,465,000
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 1,462 $260,246,000 $178,000 $1,200,000 $116,000 $1,329,000
Application Denied By Financial Institution 374 $51,732,000 $138,000 $575,000 $90,000 $625,000
Application Withdrawn By Applicant 162 $27,133,000 $167,000 $1,120,000 $147,000 $2,465,000
File Closed For Incompleteness 30 $4,997,000 $166,000 $300,000 $105,000 $179,000
Application Approved But Not Accepted 25 $6,923,000 $276,000 $1,450,000 $153,000 $805,000
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
Credit History 278 $31,343,000 $112,000 $415,000 $85,000 $360,000
Collateral 60 $13,785,000 $229,000 $575,000 $117,000 $625,000
Debt-To-Income Ratio 18 $3,837,000 $213,000 $500,000 $81,000 $148,000
Mortgage Insurance Denied 9 $1,605,000 $178,000 $410,000 $102,000 $250,000
Other 6 $787,000 $131,000 $220,000 $81,000 $195,000
Credit Application Incomplete 3 $375,000 $125,000 $160,000 $116,000 $125,000
Unverifiable Information 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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Coastal1 Credit Union's 2015 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 Coastal1 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 Rhode Island, download the full spreadsheet with aggregated HMDA statistics today.

Download the Rhode Island Lender List