Coastal Loans in Florida vs the state
5.3%Denial rate-15.73 pts vs state
6.3%Decision denial rate-20.95 pts vs state
78.5%Origination rate+25.78 pts vs state
4.99%Median rate-1.63 pts vs state
-0.99Rate spread (pts)-1.26 pts vs state
$85kMedian applicant income
809Loans originated
55Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,193 | 857 | 2.5% | 6.25% | #128 |
| 2024 | 1,356 | 1,089 | 3.9% | 4.99% | #116 |
| 2025 | 1,031 | 809 | 5.3% | 4.99% | #152 |
What Coastal Loans lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Coastal Loans applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| St. Lucie County | 160 | 125 | 8 | 5.0% |
| Brevard County | 151 | 124 | 5 | 3.3% |
| Lee County | 114 | 80 | 9 | 7.9% |
| Flagler County | 98 | 86 | 4 | 4.1% |
| Santa Rosa County | 87 | 73 | 1 | 1.1% |
| Polk County | 79 | 61 | 10 | 12.7% |
| Citrus County | 54 | 41 | 1 | 1.9% |
| Sarasota County | 49 | 40 | 2 | 4.1% |
| Marion County | 48 | 35 | 2 | 4.2% |
| Charlotte County | 42 | 33 | 3 | 7.1% |
Other large lenders in Florida
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 71,405 | 15.3% | 6.44% |
| Rocket Mortgage | C | 46,611 | 21.0% | 6.63% |
| Bank of America | F | 23,634 | 37.7% | 6.24% |
| Pennymac Loan Services | C | 19,516 | 14.1% | 6.50% |
| Navy Federal Credit Union | D | 19,452 | 23.2% | 7.59% |
| Crosscountry Mortgage | B | 19,103 | 5.2% | 6.75% |
| Newrez | D | 17,519 | 22.4% | 6.75% |
| Dhi Mortgage Company | B | 16,661 | 14.5% | 4.88% |
| Lennar Mortgage | A | 14,984 | 21.0% | 4.75% |
| Truist Bank | C | 14,140 | 41.5% | 6.60% |
Frequently asked questions
Florida: 1,031 applications in 2025, of which 809 were originated and 55 denied.
5.3% of all applications, or 6.3% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Coastal Loans originated in Florida in 2025 was 4.99%, against a statewide median of 6.63%.
About this data. Figures are Coastal Loans's own HMDA filing for properties located in Florida, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology