Applications / Mortgage Analytics / Lenders / Florida / Coastal Loans
Orlando, FL · Independent non-bank lender · CFPB · 811 loans in 2025
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811
loans originated, 2025
1,033
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Coastal Loans, an Orlando non-bank that first reported in 2023, lends almost only to Florida home buyers through government-backed loans, and its volume fell by about a quarter in 2025.
Purchases made up 99.6% of its 811 loans. Loans insured by the Federal Housing Administration (FHA) took 62.5%, about three times the share at the typical similar lender, meaning independent non-banks making between half and twice as many loans. Loans guaranteed by the Department of Veterans Affairs took 19.2%. Conventional loans were only 17.9%.
Its originations fell 26% to 811, while the typical peer grew 2%; only a few similar lenders fell further. Its share dropped in each of its five largest markets, including Port St. Lucie, where it ranked 17 of 559 lenders and its share fell to 1.1% from 1.8%. It has only three years of history, so an unusually busy 2024 may be part of the story; a change in its own strategy is another possibility.
Its typical rate was 4.99%, the same as a year earlier and lower than at almost every peer, where the middle was 6.50%. Only 0.4% of its loans were higher-priced, meaning a rate well above the average for similar loans.
It made 29.9% of its loans in low- and moderate-income neighborhoods, more than at about nine in ten peers. Low- and moderate-income borrowers took 34.6%. Its focus on FHA loans is one plausible link.
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, 2023–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Coastal Loans took 1,033 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 99.6% · Refinance 0.4%
FHA 62.5% · VA 19.2% · Conventional 17.9% · USDA (RHS or FSA) 0.4% · of 811 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 |
|---|---|---|
| Florida | 809 | 99.8% |
| Alabama | 2 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Port St. Lucie | 125 |
| Palm Bay-Melbourne-Titusville | 124 |
| Deltona-Daytona Beach-Ormond Beach | 86 |
| Cape Coral-Fort Myers | 80 |
| Pensacola-Ferry Pass-Brent | 77 |
| Lakeland-Winter Haven | 61 |
| Homosassa Springs | 41 |
| North Port-Bradenton-Sarasota | 40 |
| Ocala | 35 |
| Punta Gorda | 33 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300CZ48D9RNN5TA64 | 2023–2025 |
Established 30 June 2021. Reported under HMDA 2023-2025.
Mergers, name changes, data editions and corrections: Coastal Loans's data.
Coastal Loans's data
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