Applications / Mortgage Analytics / Lenders / North Carolina / Bank of America
Charlotte, NC · National bank · OCC · $2.6 trillion assets · 88,530 loans in 2025
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88,530
loans originated, 2025
217,492
applications, 2025
51
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Bank of America's dollar lending rose much faster than its loan count in 2025 as its typical loan grew, and it bought more than twice as many loans from other lenders as a year earlier.
Originations rose 6% to 88,530, against 12% for similar lenders (national banks making between an eighth and eight times as many loans) and 10% for the whole market, lower than about two-thirds of them. Dollar lending rose to $37.29 billion from $29.97 billion as its typical loan grew to $205,000 from $175,000. It still makes less than half the loans it made in 2019.
It bought 22,665 loans from other lenders, up from 9,237 a year earlier and more than about three-quarters of similar lenders, whose typical figure was 7,008. Buying could add to its mortgage holdings while its own loan count rises slowly.
Conventional loans were 99.5% of its lending, with FHA (insured by the Federal Housing Administration) at 0.4% and VA (guaranteed by the Department of Veterans Affairs) at 0.1%. It turned down 13.8% of first-lien home-purchase applications on owner-occupied homes, against 10.9% for similar lenders, higher than about four in five of them, but 14.2% of refinance applications, against 22.1%, lower than about nine in ten. With few government loans on offer, purchase applicants who might qualify for FHA or VA loans elsewhere could be turned down more often.
Its share of the San Jose market rose to 10.2% from 8.6%, ranking 2 of 459 lenders. It ranks 3 of 606 in San Francisco.
Questions the data can answer next
Similar lenders: same lender type, originations between an eighth and eight times the lender's. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Bank of America took 217,492 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 30.3% · Home improvement 29.6% · Refinance 22.7% · Other 17.5%
Conventional 99.5% · FHA 0.4% · VA 0.1% · of 88,530 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| California | 17,758 | 20.1% |
| Florida | 7,938 | 9.0% |
| Texas | 6,141 | 6.9% |
| New Jersey | 5,136 | 5.8% |
| North Carolina | 4,880 | 5.5% |
| New York | 3,897 | 4.4% |
| Massachusetts | 3,551 | 4.0% |
| Georgia | 3,440 | 3.9% |
| Washington | 3,420 | 3.9% |
| Illinois | 2,889 | 3.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Los Angeles-Long Beach-Glendale | 3,603 |
| Charlotte-Concord-Gastonia | 2,713 |
| New York-Jersey City-White Plains | 2,635 |
| San Jose-Sunnyvale-Santa Clara | 2,404 |
| Oakland-Fremont-Berkeley | 2,296 |
| Chicago-Naperville-Schaumburg | 2,266 |
| Phoenix-Mesa-Chandler | 2,072 |
| Dallas-Plano-Irving | 2,018 |
| Atlanta-Sandy Springs-Roswell | 1,996 |
| Anaheim-Santa Ana-Irvine | 1,917 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | B4TYDEB6GKMZO031MB27 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 480228 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 113044 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 9480228 | 2011–2017 |
Established 17 October 1904. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Bank of America's data.
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