Applications / Mortgage Analytics / Lenders / Arizona / USAA Federal Savings Bank
Phoenix, AZ · Savings institution · OCC · $108 billion assets · 11,693 loans in 2025
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11,693
loans originated, 2025
26,635
applications, 2025
51
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
USAA Federal Savings Bank is a VA lender: 65.4% of its 11,693 loans in 2025 were guaranteed by the Department of Veterans Affairs, and its FHA share was 0.0%.
VA loans are 65.4% of its lending, against 1.5% for similar lenders (savings institutions making between a quarter and four times as many loans), and conventional loans 34.6%; purchases make up 83.4%. It lends in 51 states, with Texas its largest, yet ranks 95th in Washington and 136th in Dallas, consistent with lending spread across the country rather than concentrated in a few markets.
Originations fell 11% in 2025, while similar lenders grew 12% and the whole market 10%, and are down from 64,396 in 2019. Refinancing is now only 14.7% of its lending, so a fall in refinancing may account for much of the decline since 2020.
Its higher-priced share (a rate well above the average for similar loans) is 0.0%, and its typical rate fell to 6.38%, lower than about three in four similar lenders.
Its LMI (low- and moderate-income) borrower share rose from 14.4% to 16.8%, but was the lowest among similar lenders, whose typical share was 28.7%. Its typical loan, $315,000, was larger than at about two-thirds of them, and a borrower base defined by military service rather than by local markets could also explain the gap. Loans in LMI areas, 14.7%, were near the middle.
Questions the data can answer next
Similar lenders: same lender type, originations between a quarter and four 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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. USAA Federal Savings Bank took 26,635 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 83.4% · Refinance 14.7% · Home improvement 1.2% · Other 0.7%
VA 65.4% · Conventional 34.6% · of 11,693 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 |
|---|---|---|
| Texas | 1,101 | 9.4% |
| Florida | 825 | 7.1% |
| North Carolina | 681 | 5.8% |
| Georgia | 562 | 4.8% |
| Virginia | 488 | 4.2% |
| Tennessee | 407 | 3.5% |
| Ohio | 397 | 3.4% |
| Pennsylvania | 348 | 3.0% |
| Missouri | 340 | 2.9% |
| South Carolina | 332 | 2.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Houston-Pasadena-The Woodlands | 202 |
| Atlanta-Sandy Springs-Roswell | 164 |
| San Antonio-New Braunfels | 159 |
| St. Louis | 149 |
| Phoenix-Mesa-Chandler | 147 |
| Arlington-Alexandria-Reston | 142 |
| Dallas-Plano-Irving | 135 |
| Kansas City | 129 |
| Virginia Beach-Chesapeake-Norfolk | 128 |
| Charlotte-Concord-Gastonia | 123 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | C5654JQHZUHN0772B561 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 619877 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 47975 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 9619877 | 2011–2017 |
Established 30 December 1983. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: USAA Federal Savings Bank's data.
USAA Federal Savings Bank's data
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USAA Federal Savings Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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