Coastal Community Bank · Virginia · 2025

Coastal Community Bank in Virginia: approval rate, denial rate and rates (2025)

Coastal Community Bank took 3,332 mortgage applications in Virginia in 2025, ranking #22 of 1,013 lenders active in the state. It originated 24.7% of them and denied 2.1% (2.8% of the applications it decided), against a statewide denial rate of 15.9%.

3.3kApplicationsin VA
2.8%Decision denial ratestate 20.3%
9.99%Median ratestate 6.63%
$55,000Median loanstate $255,000
$58MVolume117 counties

Coastal Community Bank in Virginia vs the state

2.1%Denial rate-13.87 pts vs state
2.8%Decision denial rate-17.42 pts vs state
24.7%Origination rate-34.79 pts vs state
9.99%Median rate+3.37 pts vs state
2.79Rate spread (pts)+2.57 pts vs state
$135kMedian applicant income
824Loans originated
69Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234201540.7%14.62%#118
20242,3425911.5%12.74%#33
20253,3328242.1%9.99%#22

What Coastal Community Bank lends in Virginia

By loan purpose

Cash-out refinance 365 11% · 1.6% denied
Home improvement 1,068 32% · 1.4% denied
Other / HELOC 1,899 57% · 2.5% denied

By loan type

Conventional 3,332 100% · 2.1% denied

Why it denied Virginia applicants

Credit history 31 45%
Debt-to-income ratio 22 32%
Unverifiable information 7 10%
Other 6 9%
Collateral 3 4%

Where in Virginia

Counties with the most Coastal Community Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fairfax County 350766 1.7%
Prince William County 304701 0.3%
Loudoun County 2796414 5.0%
Chesterfield County 216675 2.3%
Virginia Beach city 209487 3.3%
Henrico County 138320 0.0%
Chesapeake city 121282 1.7%
Stafford County 115292 1.7%
Spotsylvania County 98344 4.1%
Hanover County 76271 1.3%

Other large lenders in Virginia

LenderGradeApplicationsDenial rateMedian rate
Navy Federal Credit UnionD 19,39519.3%7.75%
Rocket MortgageC 19,27414.8%6.63%
United Shore Financial ServicesB 13,99410.4%6.12%
Truist BankC 11,83831.6%6.49%
Mortgage Research CenterC 9,00016.7%6.25%
Pennymac Loan ServicesC 8,33410.7%6.38%
Freedom MortgageB 8,0296.5%6.25%
Bank of AmericaF 6,58431.9%6.24%
NewrezD 6,39016.4%6.38%
Movement MortgageA 6,1264.3%6.56%

Frequently asked questions

Virginia: 3,332 applications in 2025, of which 824 were originated and 69 denied.

2.1% of all applications, or 2.8% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

The median rate on loans Coastal Community Bank originated in Virginia in 2025 was 9.99%, against a statewide median of 6.63%.

About this data. Figures are Coastal Community Bank's own HMDA filing for properties located in Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology