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Gulf Coast Community Federal Credit Union

GULFPORT, MS

Gulf Coast Community Federal Credit Union processed 123 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 47 loans with a 57.7% denial rate. Refinancing was the primary loan purpose. Based in GULFPORT, MS. The approval rate of 38.2% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Gulf Coast Community Federal Credit Union's 38.2% origination rate tells you how often an application turned into funded money; the 57.7% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (113 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

123
Applications
47
Originated
57.7%
Denial Rate
$92,886
Avg Loan Amount
Avg Interest Rate: 8.619%

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 113 47 61 $85,354
FHA 9 0 9 $163,889
VA 1 0 1 $305,000

Top loan types - Gulf Coast Community Federal Credit Union

Top loan types - Gulf Coast Community Federal Credit Union Horizontal bar chart of the top 3 items by value (applications). Top loan types - Gulf Coast Community Federal Credit Union Top 3 1. Conventional 113 2. FHA 9 3. VA 1 Top 5 loan types by application volume at Gulf Coast Community Federal Credit Union (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Gulf Coast Community Federal Credit Union (LEI: 254900R21YNPTNWW1L44) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
49
Debt-to-income ratio
39
Other
5
Collateral
4
Insufficient cash
1
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Refinancing 111 44 $89,054
Home Purchase 12 3 $128,333

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 75 49.3% 49.3%
Black or African American * 37 21.6% 73.0%
American Indian or Alaska Native * 2 50.0% 50.0%
Joint * 2 0.0% 50.0%
2 or more minority races * 1 0.0% 100.0%
Asian * 1 0.0% 100.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 111 39.6% 57.7%
Hispanic or Latino * 4 25.0% 75.0%
Joint * 3 33.3% 66.7%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in MS

Other HMDA-reporting lenders in MS with similar activity. Compare any two side-by-side.

Cadence Bank

Tupelo, MS

19,150 apps 12,823 originated 18.2% denied

Trustmark National Bank

JACKSON, MS

11,550 apps 8,088 originated 12.3% denied

Hancock Whitney Bank

GULFPORT, MS

5,857 apps 3,192 originated 20.9% denied

Community Bank of Mississippi

Flowood, MS

4,507 apps 3,490 originated 7.3% denied

BANKPLUS

RIDGELAND, MS

3,698 apps 2,745 originated 10.7% denied
Compare Gulf Coast Community Federal Credit Union vs Cadence Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Gulf Coast Community Federal Credit Union process?
Gulf Coast Community Federal Credit Union processed 123 mortgage applications in the 2024 HMDA reporting year. Of these, 47 were originated (approved and funded), 4 were withdrawn by the applicant, and 71 were denied.
What is Gulf Coast Community Federal Credit Union's mortgage approval rate?
Gulf Coast Community Federal Credit Union has an approval (origination) rate of 38.2%, meaning 38.2% of all applications resulted in a funded mortgage. The denial rate is 57.7%.
What is the average loan amount at Gulf Coast Community Federal Credit Union?
The average mortgage loan amount at Gulf Coast Community Federal Credit Union is $92,886. The average interest rate is 8.619%.
What are the most common reasons for mortgage denial at Gulf Coast Community Federal Credit Union?
The most common reasons for mortgage denial at Gulf Coast Community Federal Credit Union are: Credit history, Debt-to-income ratio, Other. In total, 71 applications were denied out of 123 total applications.
What types of mortgage loans does Gulf Coast Community Federal Credit Union offer?
Gulf Coast Community Federal Credit Union processes Conventional, FHA, VA loans. The most common type is Conventional with 113 applications and an average loan amount of $85,354.
What loan purposes does Gulf Coast Community Federal Credit Union serve?
Gulf Coast Community Federal Credit Union serves the following loan purposes: Refinancing (111 applications), Home Purchase (12 applications). Refinancing is the most common purpose.
Where is Gulf Coast Community Federal Credit Union located?
Gulf Coast Community Federal Credit Union is headquartered in GULFPORT, MS. The lender is identified by LEI 254900R21YNPTNWW1L44 in HMDA data.
How does Gulf Coast Community Federal Credit Union compare in lending across racial demographics?
Gulf Coast Community Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 49.3% and denial rate of 49.3%; Black or African American applicants have an approval rate of 21.6% and denial rate of 73.0%; American Indian or Alaska Native applicants have an approval rate of 50.0% and denial rate of 50.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.