Applications / Mortgage Analytics / Lenders / Michigan / Coast One Mortgage
Bloomfield Hills, MI · Non-bank or government lender · CFPB · 194 loans in 2025
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194
loans originated, 2025
301
applications, 2025
7
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Coast One Mortgage, a Michigan-based non-bank that lends mainly in Ohio and Florida, makes modest home-purchase loans, many of them government-backed, and has shrunk every year since it first reported in 2022.
Purchases made up 87.6% of its 194 loans. Loans insured by the Federal Housing Administration (FHA) took 18.6% and loans guaranteed by the Department of Veterans Affairs (VA) 10.3%. Similar lenders, non-banks making between half and twice as many loans, typically make conventional loans only, so it sits at the government-backed end of its group.
Its typical loan was $240,000, against $365,000 at the typical peer. Low- and moderate-income borrowers took 32.2% of its loans, more than at about two-thirds of peers. Both fit a lender whose government-backed loans serve buyers with smaller budgets. Its typical rate, 6.75%, was close to the peer figure of 6.62%.
It made 373 loans in 2022, its first year of reporting, and 194 in 2025. Last year's fall was small, 3%, but the typical peer grew 8%. Its dollar volume held at $51.0 million, below most of its peers. Whether the decline reflects a choice to stay small or lost business is a question the figures cannot settle.
It lends in seven states and 28 metros, with Ohio its biggest state. In Cleveland it ranked 92 of 577 lenders, a market The Huntington National Bank led. It also has small footholds in Florida, such as Punta Gorda, and entered New Mexico in 2025.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2022–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Coast One Mortgage took 301 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 87.6% · Refinance 12.4%
Conventional 71.1% · FHA 18.6% · VA 10.3% · of 194 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Ohio | 97 | 50.0% |
| Florida | 70 | 36.1% |
| Michigan | 15 | 7.7% |
| Illinois | 5 | 2.6% |
| New Mexico | 5 | 2.6% |
| Georgia | 1 | 0.5% |
| Pennsylvania | 1 | 0.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cleveland | 69 |
| Jacksonville | 18 |
| Punta Gorda | 18 |
| Akron | 16 |
| Sebastian-Vero Beach-West Vero Corridor | 10 |
| Canton-Massillon | 8 |
| Deltona-Daytona Beach-Ormond Beach | 7 |
| North Port-Bradenton-Sarasota | 5 |
| Warren-Troy-Farmington Hills | 5 |
| Sebring | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300BF788YRGP1OB53 | 2022–2025 |
Established 9 December 2020. Reported under HMDA 2022-2025.
Mergers, name changes, data editions and corrections: Coast One Mortgage's data.
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