Applications / Mortgage Analytics / Lenders / Maryland / Lower
Columbia, MD · Independent non-bank lender · CFPB · 17,905 loans in 2025
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17,905
loans originated, 2025
29,643
applications, 2025
47
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Lower is a nationwide independent lender, active in 47 states, whose loan mix now closely resembles similar lenders' after its FHA share more than doubled in five years.
FHA loans (insured by the Federal Housing Administration) were 26.4% of its 2025 originations, against 11.9% five years before; conventional loans fell to 62.9% from 81.1%. Both now sit at the typical level for similar lenders (independent non-bank lenders making between half and twice as many loans): 26.4% and 61.7%. Home purchases were 74.6% of its loans, refinancing 25.4%.
It made 17,905 loans, up 3%, slower than about three in four similar lenders, whose typical growth was 14%, and the whole market's 10%. Its record swings widely: 29,591 loans in 2021, 8,747 in 2023, then 17,412 in 2024. A smaller rise after that doubling may simply reflect the larger base.
It reported no purchased loans, while similar lenders typically bought 179; its volume comes entirely from loans it originates. Its denial rate on owner-occupied home-purchase applications was 6.8%, lower than about two-thirds of similar lenders, whose typical rate was 8.0%.
Columbus, Ohio is where it ranks highest among its largest markets: 12th of 596 lenders, with 1.8% of the market, up from 1.6%, behind The Huntington National Bank and NFM among others. In Denver it ranked 29th, with 0.8%, down slightly from 0.9%, a small change that may reflect year-to-year swings in its volume.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. 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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Lower took 29,643 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 74.6% · Refinance 25.4% · Other 0.0% · Home improvement 0.0%
Conventional 62.9% · FHA 26.4% · VA 10.0% · USDA (RHS or FSA) 0.7% · of 17,905 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 | 1,752 | 9.8% |
| Florida | 1,721 | 9.6% |
| Ohio | 1,641 | 9.2% |
| South Carolina | 1,492 | 8.3% |
| Illinois | 1,191 | 6.7% |
| Colorado | 1,189 | 6.6% |
| North Carolina | 1,047 | 5.8% |
| Georgia | 846 | 4.7% |
| Virginia | 635 | 3.5% |
| Maryland | 581 | 3.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Columbus | 956 |
| Dallas-Plano-Irving | 693 |
| Denver-Aurora-Centennial | 628 |
| Chicago-Naperville-Schaumburg | 586 |
| Atlanta-Sandy Springs-Roswell | 452 |
| Greenville-Anderson-Greer | 333 |
| Charleston-North Charleston | 325 |
| Davenport-Moline-Rock Island | 305 |
| Minneapolis-St. Paul-Bloomington | 287 |
| Myrtle Beach-Conway-North Myrtle Beach | 287 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300RN01LBYR8ZVX74 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 5027262 | 2016–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7463689142 |
Established 13 September 2013. Reported under HMDA 2015-2025.
Mergers, name changes, data editions and corrections: Lower's data.
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