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Coastal Funding SLC, Inc.

San Luis Obispo, CA

Coastal Funding SLC, Inc. processed 369 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 303 loans with a 0.3% denial rate. Home Purchase was the primary loan purpose. Based in San Luis Obispo, CA. The approval rate of 82.1% reflects originated loans as a share of all applications.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 Funding SLC, Inc.'s 82.1% origination rate tells you how often an application turned into funded money; the 0.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (313 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.

369
Applications
303
Originated
0.3%
Denial Rate
$584,133
Avg Loan Amount
Avg Interest Rate: 6.858% Avg Applicant Income: $40,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 313 257 1 $580,431
FHA 34 28 0 $527,059
VA 22 18 0 $725,000

Top loan types - Coastal Funding SLC, Inc.

Top loan types - Coastal Funding SLC, Inc. Horizontal bar chart of the top 3 items by value (applications). Top loan types - Coastal Funding SLC, Inc. Top 3 1. Conventional 313 2. FHA 34 3. VA 22 Top 5 loan types by application volume at Coastal Funding SLC, Inc. (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Coastal Funding SLC, Inc. (LEI: 549300U7F7T8UG5AI038) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Collateral
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 306 258 $589,967
Cash-out Refinancing 37 26 $535,541
Refinancing 26 19 $584,615

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 126 84.9% 0.0%
Asian * 16 81.3% 0.0%
Joint * 9 55.6% 0.0%
American Indian or Alaska Native * 5 40.0% 0.0%
Black or African American * 4 100.0% 0.0%
Native Hawaiian or Other Pacific Islander * 3 100.0% 0.0%
2 or more minority races * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

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 199 82.4% 0.0%
Hispanic or Latino * 36 77.8% 0.0%
Joint * 24 75.0% 4.2%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in CA

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

Pennymac Loan Services LLC

WESTLAKE VILLAGE, CA

384,816 apps 67,294 originated 4.7% denied

Bank of America NA

Westlake Village, CA

233,637 apps 83,165 originated 34.6% denied

AmeriHome Mortgage Company, LLC

Thousand Oaks, CA

149,937 apps 6,250 originated 0.8% denied

Loandepot.Com, LLC

IRVINE, CA

142,924 apps 79,418 originated 23.3% denied

New American Funding, LLC.

TUSTIN, CA

118,479 apps 48,639 originated 11.1% denied
Compare Coastal Funding SLC, Inc. vs Pennymac Loan Services LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Coastal Funding SLC, Inc. process?
Coastal Funding SLC, Inc. processed 369 mortgage applications in the 2024 HMDA reporting year. Of these, 303 were originated (approved and funded), 62 were withdrawn by the applicant, and 1 were denied.
What is Coastal Funding SLC, Inc.'s mortgage approval rate?
Coastal Funding SLC, Inc. has an approval (origination) rate of 82.1%, meaning 82.1% of all applications resulted in a funded mortgage. The denial rate is 0.3%.
What is the average loan amount at Coastal Funding SLC, Inc.?
The average mortgage loan amount at Coastal Funding SLC, Inc. is $584,133. The average interest rate is 6.858%. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at Coastal Funding SLC, Inc.?
The most common reasons for mortgage denial at Coastal Funding SLC, Inc. are: Collateral. In total, 1 applications were denied out of 369 total applications.
What types of mortgage loans does Coastal Funding SLC, Inc. offer?
Coastal Funding SLC, Inc. processes Conventional, FHA, VA loans. The most common type is Conventional with 313 applications and an average loan amount of $580,431.
What loan purposes does Coastal Funding SLC, Inc. serve?
Coastal Funding SLC, Inc. serves the following loan purposes: Home Purchase (306 applications), Cash-out Refinancing (37 applications), Refinancing (26 applications). Home Purchase is the most common purpose.
Where is Coastal Funding SLC, Inc. located?
Coastal Funding SLC, Inc. is headquartered in San Luis Obispo, CA. The lender is identified by LEI 549300U7F7T8UG5AI038 in HMDA data.
How does Coastal Funding SLC, Inc. compare in lending across racial demographics?
Coastal Funding SLC, Inc. reports demographic lending data under HMDA requirements. White applicants have an approval rate of 84.9% and denial rate of 0.0%; Asian applicants have an approval rate of 81.3% and denial rate of 0.0%; Joint applicants have an approval rate of 55.6% and denial rate of 0.0%. 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.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.