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COASTAL LOANS, LLC
Independent Mortgage Company|TALLAHASSEE, FL|Regional
Loans Originated
1,082
Applications
1,340
Volume
$340 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Exceptional
Safe Rate Awards⭐FHA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.077%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$5,956
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
80.7%
Percentage of applications that result in closed loans
Safe Rate's 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)
Report Card
COASTAL LOANS, LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Regional · 13 metro areas · 2 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$314,732
Average Borrower Income
$94,512
Average Property Value
$348,309
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Sound | Mediocre | Sound | 233 | 21.5% | +0.220% | $5,453 |
FHA Loans | Strong | Exceptional | Acceptable | Exceptional | 679 | 62.8% | +0.028% | $6,351 |
VA Loans | Strong | Strong | N/A | Strong | 167 | 15.4% | -0.569% | $3,968 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Strong | 1,080 | 99.8% | +0.079% | $6,001 |
Geographic Coverage
Metro Areas
12
States Served
2
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALFL
Top Metro Areas by Place Specialization Score
1
Port St. Lucie, FL, FLMSA
Volume: 220Mix: 20.33%
Place Specialization
Exceptional
2
Palm Bay, FLMSA
Volume: 193Mix: 17.84%
Place Specialization
Exceptional
3
Deltona, FLMSA
Volume: 113Mix: 10.44%
Place Specialization
Strong
4
Sebastian, FLMSA
Volume: 36Mix: 3.33%
Place Specialization
Strong
5
Pensacola, FLMSA
Volume: 93Mix: 8.60%
Place Specialization
Strong
6
Cape Coral, FLMSA
Volume: 115Mix: 10.63%
Place Specialization
Strong
7
Punta Gorda, FL, FLMSA
Volume: 47Mix: 4.34%
Place Specialization
Strong
8
Ocala, FL, FLMSA
Volume: 63Mix: 5.82%
Place Specialization
Strong
9
Lakeland, FLMSA
Volume: 77Mix: 7.12%
Place Specialization
Strong
10
North Port, FLMSA
Volume: 57Mix: 5.27%
Place Specialization
Strong
Showing 10 of 12 metro areas
Top States by Place Specialization Score
1
FLState
Volume: 1,075Mix: 99.35%
Place Specialization
Exceptional
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 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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