COASTAL Federal Credit Union mortgage approval rate & lending review
COASTAL Federal Credit Union decided 8,681 mortgage applications and funded 6,019 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions COASTAL Federal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
COASTAL Federal Credit Union at a glance
Approval is 7.1 points above the 71.2% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 91% | 1,502 / 1,651 | 96% | $385K | 1,439 |
| Home improvement loans | 74% | 3,400 / 4,570 | 85% | $95K | 2,881 |
| Cash-out refinance | 80% | 172 / 214 | 100% | $285K | 172 |
| Refinance | 76% | 1,509 / 1,980 | 87% | $145K | 1,311 |
| Investment property purchase | 94% | 167 / 178 | 99% | $265K | 165 |
| Investment cash-out refinance | 83% | 30 / 36 | 100% | $255K | 30 |
| Investment home improvement | 15% | 5 / 33 | 100% | $55K | 5 |
COASTAL Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| North Carolina | 79% | $145K | 8,518 | 5,953 |
| South Carolina | 71% | $175K | 91 | 51 |
| Virginia | 65% | $375K | 26 | 15 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where COASTAL Federal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Wake County, NC | Home improvement loans | 78% | 2,790 | 1,890 |
| Wake County, NC | Refinance | 77% | 1,257 | 834 |
| Wake County, NC | Mortgage lenders | 93% | 885 | 782 |
| Durham County, NC | Home improvement loans | 72% | 552 | 323 |
| Johnston County, NC | Home improvement loans | 71% | 373 | 226 |
| Durham County, NC | Mortgage lenders | 94% | 177 | 161 |
| Durham County, NC | Refinance | 80% | 170 | 119 |
| Johnston County, NC | Mortgage lenders | 88% | 138 | 118 |
| Wake County, NC | Cash-out refinance | 84% | 139 | 117 |
| Johnston County, NC | Refinance | 76% | 171 | 112 |
| Orange County, NC | Home improvement loans | 83% | 144 | 102 |
| Mecklenburg County, NC | Home improvement loans | 68% | 116 | 52 |
The county markets where COASTAL Federal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about COASTAL Federal Credit Union
What is COASTAL Federal Credit Union's mortgage approval rate?
COASTAL Federal Credit Union approved 78.3% of the 8,681 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 7.1 points above the 71.2% national rate for the same mix of loan types.
How often do borrowers take the loan COASTAL Federal Credit Union offers?
Borrowers accepted 89% of the loans COASTAL Federal Credit Union approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does COASTAL Federal Credit Union make?
The typical home improvement loan loan COASTAL Federal Credit Union made was $95K; across all loan types its typical loan ran from $55K to $385K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does COASTAL Federal Credit Union lend?
COASTAL Federal Credit Union decided applications in 21 of the states Fat Boy Data covers, most of them in North Carolina, South Carolina and Virginia.
Can I apply to COASTAL Federal Credit Union directly?
Yes. COASTAL Federal Credit Union is a bank or credit union with 21 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show COASTAL Federal Credit Union's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how COASTAL Federal Credit Union treats applications, then get a rate quote from the lender.