Coastal Loans at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
66th6.3% deniedPricingmedian rate spread over APOR, weight 30%
99th-0.99 ptsProcesswithdrawn + incomplete share, weight 15%
34th15.2%Closing coststotal loan costs ÷ loan amount, weight 10%
12th3.45% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,200 | 861 | 2.5% | 3.3% | 6.25% | $255M |
| 2024 | 1,365 | 1,096 | 3.9% | 4.6% | 4.99% | $344M |
| 2025 | 1,033 | 811 | 5.3% | 6.3% | 4.99% | $262M |
What Coastal Loans lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 11 investment properties.
Why Coastal Loans denies applications
Primary reason reported for each of the 55 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Coastal Loans
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 67 | 45 | 16.4% |
| $50k – $100k | 607 | 488 | 5.4% |
| $100k – $150k | 250 | 196 | 4.8% |
| $150k – $250k | 90 | 73 | 2.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 45 | 38 | 5.0% |
| 25–34 | 273 | 222 | 5.5% |
| 35–44 | 241 | 185 | 7.9% |
| 45–54 | 190 | 151 | 7.3% |
| 55–64 | 158 | 121 | 4.7% |
| 65–74 | 100 | 74 | 6.3% |
| Over 74 | 26 | 20 | 4.4% |
Where Coastal Loans lends
2 states and 25 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 1,031 | 809 | 5.3% | 4.99% | #152 |
Frequently asked questions
Coastal Loans denied 6.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 66th percentile of small mortgage lenders.
The most common reason Coastal Loans gave in 2025 was "debt-to-income ratio", cited on 41.8% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Coastal Loans originated in 2025 was 4.99%, and its median rate spread over the average prime offer rate was -0.99 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 100% of its applications were for home purchases, 0% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 19% conventional, 63% FHA, 18% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.