Applications / Mortgage Analytics / Lenders / California / Coastal Funding SLC
San Luis Obispo, CA · Independent non-bank lender · CFPB · 303 loans in 2025
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303
loans originated, 2025
361
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Coastal Funding SLC is one of the biggest mortgage lenders in its home market of San Luis Obispo, where it ranked third of 312 lenders in 2025, and it makes far bigger loans than most non-banks its size.
In San Luis Obispo-Paso Robles it took 4.5% of the market, behind only Guaranteed Rate and United Wholesale Mortgage. Its share slipped from 5.1% the year before. With its own loan count flat at 303, faster growth among rivals is one possible reason. It has lent there since 2013.
Its typical loan was $545,000, larger than at about nine in ten similar lenders, meaning independent non-banks making between half and twice as many loans. The typical peer lent $325,000. So a loan count in the middle of the group produced $180.7 million, well above the peer figure of $105.6 million.
Purchases made up 63.7% of its loans and refinancing the rest. Conventional loans took 87.5%, against 76.3% at the typical peer, and loans insured by the Federal Housing Administration only 8.6%, about half the peer share.
Low- and moderate-income borrowers took 8.3% of its loans, against 21.6% at the typical peer. Its large loan sizes are one plausible reason. Its lending in poorer neighborhoods (low- and moderate-income tracts), 19.7%, was near the middle of similar lenders, as was its share in majority-minority neighborhoods.
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, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Coastal Funding SLC took 361 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 63.7% · Refinance 36.3%
Conventional 87.5% · FHA 8.6% · VA 4.0% · of 303 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 |
|---|---|---|
| California | 302 | 99.7% |
| Colorado | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| San Luis Obispo-Paso Robles | 177 |
| Santa Maria-Santa Barbara | 54 |
| Visalia | 15 |
| Oxnard-Thousand Oaks-Ventura | 14 |
| Fresno | 6 |
| Oakland-Fremont-Berkeley | 6 |
| San Francisco-San Mateo-Redwood City | 6 |
| Los Angeles-Long Beach-Glendale | 4 |
| Salinas | 3 |
| Bakersfield-Delano | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300U7F7T8UG5AI038 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4730190 | 2014–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7263958508 |
Established 29 December 2008. Reported under HMDA 2013-2025.
Mergers, name changes, data editions and corrections: Coastal Funding SLC's data.
Coastal Funding SLC's data
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