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Coastal Loans

Independent Mortgage Company•Tallahassee, FLHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Coastal Loans — 1.1k loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA
Place
Strong
4/5
Regional · 12 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Safe Rate Awards
FHA Superstar
FHA
Superstar

Safe Rate Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in FHA and VA loans

Things to Think About

  • Pricing may be below industry average
  • Higher than average fees ($5,956)

Explore another lender or local market

Report Card

Coastal Loans performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+7.7 bps above market avg
2/5
Pull Through
Closing strength
Exceptional
Top 20% of lenders
5/5
By Loan Product· Specialization by type
Conventional
233 loans · 0.22% above market
Sound
Top 60% of lenders
3/5
FHA
679 loans · 0.03% above market
Exceptional
Top 20% of lenders
5/5
VA
167 loans · 0.57% below market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
1,080 loans · 0.08% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Regional · 13 markets
Strong
Top 40% of lenders
4/5

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Sound
Pricing
Mediocre
Pull Through
Sound
Volume233
Mix21.5%
Spread
+0.220%Above
Fees
$5,453Fees
FHA Loans
Overall
Strong
Product
Exceptional
Pricing
Acceptable
Pull Through
Exceptional
Volume679
Mix62.8%
Spread
+0.028%Above
Fees
$6,351Fees
VA Loans
Overall
Strong
Product
Strong
Pricing—
Pull Through
Strong
Volume167
Mix15.4%
Spread
-0.569%Below
Fees
$3,968Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Strong
Pricing
Acceptable
Pull Through
Strong
Volume1,080
Mix99.8%
Spread
+0.079%Above
Fees
$6,001Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
1,082
Applications
1,340
Volume
$340 million
Pricing & Closing
Avg Rate Spread
+0.077%
vs. market APOR
Avg Net Fees
$5,956
Origination − Credits
Pullthrough Rate
80.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$314,732
Avg Borrower Income
$94,512
Avg Property Value
$348,309

Geographic Coverage

Geographic Performance

Metro Areas
12
markets with activity
States Served
2
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

2Full-year 2024 · HMDA
2 states with loan originations
Loans originated
< 1,0001,000+None
South2
ALFL

Top Metro Areas by Place Specialization Score

1© Dough4872 · CC BY-SA 4.0
Port St. Lucie, FLMetro
Volume 220Mix 20.33% of portfolio
91/100
Exceptional
2© Ebyabe · CC BY-SA 3.0
Palm Bay, FLMetro
Volume 193Mix 17.84% of portfolio
85/100
Exceptional
3© nick hoke · CC BY 3.0
Deltona, FLMetro
Volume 113Mix 10.44% of portfolio
79/100
Strong
4© Ebyabe · CC BY-SA 3.0
Sebastian, FLMetro
Volume 36Mix 3.33% of portfolio
76/100
Strong
5© Ebyabe · CC BY-SA 3.0
Pensacola, FLMetro
Volume 93Mix 8.60% of portfolio
76/100
Strong
6© Eric Friedebach · CC BY 3.0
Cape Coral, FLMetro
Volume 115Mix 10.63% of portfolio
74/100
Strong
7© Ebyabe · CC BY-SA 3.0
Punta Gorda, FLMetro
Volume 47Mix 4.34% of portfolio
72/100
Strong
8© Ebyabe · CC BY 2.5
Ocala, FLMetro
Volume 63Mix 5.82% of portfolio
71/100
Strong
9© Butter142 · CC BY-SA 4.0
Lakeland, FLMetro
Volume 77Mix 7.12% of portfolio
71/100
Strong
10© Rino Landa · CC BY-SA 4.0
North Port, FLMetro
Volume 57Mix 5.27% of portfolio
66/100
Strong
Showing 10 of 12 metro areas

Top States by Place Specialization Score

Florida
Florida
1
FloridaState
Volume 1,075Mix 99.35% of portfolio
83/100
Exceptional

How We Rank Lenders

Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.

Our Point System (Max 50 Points)

10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion
Champion(80%+ = 40-50 points)
Superstar
Superstar(60-79% = 30-39 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.