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Coastal Community Bank

Everett, WA

Coastal Community Bank processed 64,233 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 15,099 loans with a 1.6% denial rate. Other was the primary loan purpose. Based in Everett, WA. The approval rate of 23.5% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. Coastal Community Bank processed 64,233 HMDA-reported mortgage applications in 2024, originating 15,099 loans and denying 1,039 for a denial rate of 1.6% (applicants themselves withdrew 3,270 files before a decision). The average loan amount was $70,082 at a 12.093% average note rate, and applicants self-reported an average income of $38,000. The lender reports under LEI 5493001GCBD5XGNIC815 from Everett, WA.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Coastal Community Bank's 23.5% origination rate tells you how often an application turned into funded money; the 1.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Unverifiable information, which together explain the majority of rejections. Most activity concentrated in Conventional loans (64,233 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

64,233
Applications
15,099
Originated
1.6%
Denial Rate
$70,082
Avg Loan Amount
Avg Interest Rate: 12.093% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 64,233 15,099 1,039 $70,082

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Coastal Community Bank (LEI: 5493001GCBD5XGNIC815) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
385
Debt-to-income ratio
271
Unverifiable information
157
Collateral
145
Other
120
Credit application incomplete
6

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 38,300 8,964 $63,321
Home Improvement 23,462 5,689 $77,197
Cash-out Refinancing 2,442 426 $100,356
Home Purchase 25 18 $639,800
Refinancing 4 2 $1,035,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 27,945 34.8% 2.3%
Asian 3,350 29.8% 2.0%
Black or African American 2,897 36.7% 3.1%
Joint 629 44.4% 2.1%
American Indian or Alaska Native 450 30.0% 2.4%
Native Hawaiian or Other Pacific Islander 177 28.3% 5.7%
2 or more minority races 89 30.3% 3.4%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 29,243 35.2% 2.3%
Hispanic or Latino 6,015 30.7% 2.5%
Joint 808 43.0% 2.4%

Nearby Lenders in WA

Other HMDA-reporting lenders in WA with similar activity. Compare any two side-by-side.

Boeing Employees' Credit Union

Tukwila, WA

21,382 apps 13,093 originated 24.6% denied

EVERGREEN MONEYSOURCE MORTGAGE COMPANY

BELLEVUE, WA

6,824 apps 4,791 originated 3.0% denied

Banner Bank

Walla Walla, WA

6,099 apps 3,140 originated 33.5% denied

WSECU

OLYMPIA, WA

4,133 apps 1,960 originated 42.2% denied

WASHINGTON FEDERAL

SEATTLE, WA

3,817 apps 1,641 originated 18.4% denied
Compare Coastal Community Bank vs Boeing Employees' Credit Union →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did Coastal Community Bank process?
Coastal Community Bank processed 64,233 mortgage applications in the 2023 HMDA reporting year. Of these, 15,099 were originated (approved and funded), 3,270 were withdrawn by the applicant, and 1,039 were denied.
What is Coastal Community Bank's mortgage approval rate?
Coastal Community Bank has an approval (origination) rate of 23.5%, meaning 23.5% of all applications resulted in a funded mortgage. The denial rate is 1.6%.
What is the average loan amount at Coastal Community Bank?
The average mortgage loan amount at Coastal Community Bank is $70,082. The average interest rate is 12.093%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Coastal Community Bank?
The most common reasons for mortgage denial at Coastal Community Bank are: Credit history, Debt-to-income ratio, Unverifiable information. In total, 1,039 applications were denied out of 64,233 total applications.
What types of mortgage loans does Coastal Community Bank offer?
Coastal Community Bank processes Conventional loans. The most common type is Conventional with 64,233 applications and an average loan amount of $70,082.
What loan purposes does Coastal Community Bank serve?
Coastal Community Bank serves the following loan purposes: Other (38,300 applications), Home Improvement (23,462 applications), Cash-out Refinancing (2,442 applications), Home Purchase (25 applications), Refinancing (4 applications). Other is the most common purpose.
Where is Coastal Community Bank located?
Coastal Community Bank is headquartered in Everett, WA. The lender is identified by LEI 5493001GCBD5XGNIC815 in HMDA data.
How does Coastal Community Bank compare in lending across racial demographics?
Coastal Community Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 34.8% and denial rate of 2.3%; Asian applicants have an approval rate of 29.8% and denial rate of 2.0%; Black or African American applicants have an approval rate of 36.7% and denial rate of 3.1%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.