Applications / Mortgage Analytics / Lenders / New Jersey / American Financial Resources
Parsippany-Troy Hills, NJ · Independent non-bank lender · CFPB · 11,444 loans in 2025
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11,444
loans originated, 2025
15,898
applications, 2025
49
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
American Financial Resources is a lender of government-backed and manufactured-home loans that more than doubled its originations in 2025, growing 119% to 11,444 loans.
Originations rose 119% from 5,214, against 10% for similar lenders (independent non-bank lenders making between half and twice as many loans) and 10% for the whole market. The rise follows a fall from 9,778 loans in 2020 to 2,473 in 2023. It also bought 2,254 loans from other lenders, more than about nine in ten similar lenders.
FHA loans (insured by the Federal Housing Administration) made up 42.3% of its lending, against 25.6% at similar lenders; VA loans (guaranteed by the Department of Veterans Affairs) 13.9%, against 9.3%; and RHS loans (guaranteed by the Department of Agriculture's Rural Housing Service) 4.1%, against 0.7%. Manufactured homes were 19.5% of its loans, against 2.2%, a higher share than nearly all similar lenders. Home purchases were 81.5% of its lending.
Of its loans, 7.9% were higher-priced (a rate well above the average for similar loans), about double the 3.7% at similar lenders. Its manufactured-home share, far above peers', could account for most of the difference, since manufactured-home loans are more often priced this way; its large FHA share may add to it. Its typical rate, 6.50%, was lower than 6.62% at similar lenders.
It made 24.3% of its loans in LMI (low- and moderate-income) areas, against 20.9%, more than about four in five similar lenders. It lends in 49 states.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. American Financial Resources took 15,898 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 81.5% · Refinance 18.5%
FHA 42.3% · Conventional 39.6% · VA 13.9% · USDA (RHS or FSA) 4.1% · of 11,444 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 |
|---|---|---|
| Florida | 1,201 | 10.5% |
| Texas | 938 | 8.2% |
| North Carolina | 727 | 6.4% |
| Arizona | 557 | 4.9% |
| Missouri | 535 | 4.7% |
| Tennessee | 529 | 4.6% |
| South Carolina | 473 | 4.1% |
| Ohio | 451 | 3.9% |
| California | 440 | 3.8% |
| Georgia | 433 | 3.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Phoenix-Mesa-Chandler | 354 |
| Cincinnati | 253 |
| Springfield | 217 |
| Houston-Pasadena-The Woodlands | 181 |
| Dallas-Plano-Irving | 179 |
| Fort Worth-Arlington-Grapevine | 169 |
| Chicago-Naperville-Schaumburg | 166 |
| Charlotte-Concord-Gastonia | 163 |
| Atlanta-Sandy Springs-Roswell | 160 |
| Louisville/Jefferson County | 159 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493002B2WMHY23GFK92 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4184793 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7223554558 |
Established 3 March 2017. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: American Financial Resources's data.
American Financial Resources's data
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