Brea, CA · Independent non-bank lender · CFPB · 13,125 loans in 2025
13,125
loans originated, 2025
22,722
applications, 2025
51
states and territories
2
gaps bigger than at similar lenders
How to read this section
For Black, Hispanic and Asian applicants, we look at how much more often American Financial Network turns them down than White
applicants: the gap. Then we compare that gap with the gap at similar lenders, for similar applications: the same
income, loan size, debt-to-income range, loan-to-value, loan type, kind of property and place.
"Bigger gap" means we are at least 99% sure the gap is bigger than at similar lenders. That is a reason to look
closer, not proof of discrimination. The public data has no credit scores and none of the documents a lender
reviews, and the kind of loans a lender makes can widen a gap for good reasons. Each result below gives the numbers
and the explanations they allow.
FIG. 1 — GAPS AGAINST SIMILAR LENDERS
American Financial Network's gap is bigger than at similar lenders for Black purchase and Black refinance applicants.
Each dot compares American Financial Network's gap with the gap at similar lenders: at 1x they are the same, at 2x its gap is twice as large. A gap is how much more likely the group is to be turned down than White applicants. The line around each dot shows the range the true value probably lies in (95%). Amber: groups where we are at least 99% sure the gap is bigger.
SOURCE: FFIEC HMDA 2025; JENNER ANALYTICS NATIONAL DENIAL MODEL
Black purchase
American Financial Network's gap for Black purchase applicants is bigger than at similar lenders.
How sure we are that the gap is bigger than at similar lenders: over 99.9%.
Of the purchase applications it decided in 2025, it turned down 23% of 1,330 from Black applicants and 7% of 4,049 from White applicants. The most common reason: too much debt for the income, given for 53% of the Black applicants turned down and 42% of the White applicants turned down.
Too much debt for the income is the main reason American Financial Network turns down purchase applicants of both groups, and more often so for Black applicants (53% of those turned down, against 42%). Our comparison sorts applicants into debt-to-income ranges, so differences within a range would show up as a gap.
The public data has no credit scores, savings or full credit histories, so our comparison cannot allow for them. A difference in them between the groups applying would produce a gap like this one.
Black refinance
American Financial Network's gap for Black refinance applicants is bigger than at similar lenders.
How sure we are that the gap is bigger than at similar lenders: 99.9%.
Of the refinance applications it decided in 2025, it turned down 34% of 248 from Black applicants and 13% of 1,414 from White applicants. The most common reason: too much debt for the income, given for 39% of the Black applicants turned down and 27% of the White applicants turned down.
For refinance applicants too, too much debt for the income and poor credit history are given more often for Black applicants than for White applicants.
The public data has no credit scores, savings or full credit histories, so our comparison cannot allow for them. A difference in them between the groups applying would produce a gap like this one.
FIG. 2 — REASONS FOR TURNING APPLICANTS DOWN, 2025
Why applications were turned down, beside White applicants at the same lender.
Each bar is 100% of the applications the lender decided for that group; the coloured part was turned down, split by the main reason the lender gave, and the rest were approved. Applications the applicant withdrew are not counted.
SOURCE: FFIEC HMDA 2025, FIRST REASON GIVEN
Applicants
Turned down: group
Turned down: White
How sure the gap is bigger
Result
Hispanic purchase
12%
7%
64.1%
Not clearly bigger
Hispanic refinance
26%
13%
97.2%
Not clearly bigger
Black purchase
23%
7%
over 99.9%
Bigger gap than at similar lenders
Black refinance
34%
13%
99.9%
Bigger gap than at similar lenders
Asian purchase
13%
7%
81.6%
Not clearly bigger
"How sure the gap is bigger": how sure we are that the lender's gap is bigger than at similar lenders. We call it bigger at 99% or more.
Not tested, too few applications: Asian refinance. A test needs, for that loan purpose, at least 100 decided applications from the group and from White applicants, with at least 20 of each turned down and 20 approved.