Applications / Mortgage Analytics / Lenders / North Carolina / Figure Lending
Charlotte, NC · Non-bank or government lender · CFPB · 33,415 loans in 2025
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33,415
loans originated, 2025
72,355
applications, 2025
50
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Figure Lending makes small loans for home improvement and other purposes, none for buying a home, and has grown from 9,385 loans in its first reported year, 2020, to 33,415 in 2025.
Other-purpose loans were 64.5% of its lending and home improvement 35.5%. Its typical loan was $65,000, against $197,500 at similar lenders (non-bank or government lenders making between an eighth and eight times as many loans), the smallest among them.
It made more loans than any of its similar lenders, yet its dollar volume, $2.93 billion, sat near the middle of them because its loans are small. Loans fell 2% in 2025 while similar lenders grew 29%. It also bought 37,739 loans, more than it made; similar lenders typically bought none.
39.2% of its loans were higher-priced (a rate well above the average for similar loans), down from 66.0% a year earlier and 80.5% in 2020; similar lenders were at 31.0%. Its typical rate fell to 9.10% from 10.70%, against 7.91% for similar lenders. Its mix of small home-improvement and other-purpose loans could account for the difference.
24.3% of its loans went to LMI (low- and moderate-income) borrowers, against 21.0%, higher than at more than eight in ten similar lenders. But 17.0% were in LMI areas, against 28.6%, and 25.7% in majority-minority areas, against 40.9%. Lending in all 50 states, led by California, could explain a different geographic mix from its peers'.
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, 2020–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Figure Lending took 72,355 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 64.5% · Home improvement 35.5%
Conventional 100.0% · of 33,415 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 | 5,234 | 15.7% |
| Florida | 2,872 | 8.6% |
| Georgia | 1,717 | 5.1% |
| Ohio | 1,553 | 4.6% |
| Illinois | 1,432 | 4.3% |
| Arizona | 1,416 | 4.2% |
| North Carolina | 1,212 | 3.6% |
| New Jersey | 1,197 | 3.6% |
| Virginia | 1,180 | 3.5% |
| Michigan | 1,090 | 3.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Phoenix-Mesa-Chandler | 939 |
| Los Angeles-Long Beach-Glendale | 903 |
| Atlanta-Sandy Springs-Roswell | 862 |
| Riverside-San Bernardino-Ontario | 802 |
| Chicago-Naperville-Schaumburg | 755 |
| San Diego-Chula Vista-Carlsbad | 618 |
| Orlando-Kissimmee-Sanford | 444 |
| Arlington-Alexandria-Reston | 443 |
| Sacramento-Roseville-Folsom | 424 |
| Anaheim-Santa Ana-Irvine | 416 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900UL88QFG0E40516 | 2020–2025 |
Established 30 January 2018. Reported under HMDA 2020-2025.
Mergers, name changes, data editions and corrections: Figure Lending's data.
Figure Lending's data
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Figure Lending 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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