Applications / Mortgage Analytics / Lenders / Florida / New Day Financial
West Palm Beach, FL · Independent non-bank lender · CFPB · 8,395 loans in 2025
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8,395
loans originated, 2025
45,454
applications, 2025
44
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
New Day Financial is a VA refinance lender: 99.4% of its 2025 loans were VA loans and 93.9% were refinancings.
VA loans (guaranteed by the Department of Veterans Affairs) made up 99.4% of its lending, against 8.0% at similar lenders (independent non-bank lenders making between half and twice as many loans), the highest share in the group. Refinancing was 93.9% of its loans and home purchases 5.7%. Its typical loan, $255,000, was smaller than peers' $310,000.
It made 24,282 loans in 2020, when its typical rate was 2.75%, and 8,395 in 2025, at 6.99%. A lender this dependent on refinancing makes most of its loans when rates are low, which may explain the decline. Originations rose 17% in 2025, against 13% for similar lenders and 10% for the whole market.
It made 44.4% of its loans to LMI (low- and moderate-income) borrowers, against 29.8%, more than about nine in ten similar lenders, and 22.4% in LMI areas, against 20.5%. Its share in majority-minority areas, 23.7%, was close to peers' 25.6%.
It lends in 1,721 counties in 44 states, with small shares everywhere: it ranked 66 of 577 in Virginia Beach-Chesapeake-Norfolk, where its share rose from 0.2% to 0.3%, and 44 of 233 in Rome, GA. It has lent in Atlanta and Washington since 2004.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. New Day Financial took 45,454 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 93.9% · Purchase 5.7% · Other 0.4%
VA 99.4% · FHA 0.6% · Conventional 0.1% · of 8,395 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 | 805 | 9.6% |
| North Carolina | 548 | 6.5% |
| Georgia | 542 | 6.5% |
| Ohio | 452 | 5.4% |
| Alabama | 393 | 4.7% |
| Virginia | 372 | 4.4% |
| Pennsylvania | 367 | 4.4% |
| South Carolina | 330 | 3.9% |
| Tennessee | 325 | 3.9% |
| Michigan | 311 | 3.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Atlanta-Sandy Springs-Roswell | 171 |
| Virginia Beach-Chesapeake-Norfolk | 139 |
| Tampa | 102 |
| Indianapolis-Carmel-Greenwood | 99 |
| Phoenix-Mesa-Chandler | 99 |
| Charlotte-Concord-Gastonia | 94 |
| Jacksonville | 92 |
| St. Louis | 84 |
| Cincinnati | 78 |
| Kansas City | 77 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300SUCQ1358EGVE89 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3882793 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7223887207 |
Established 27 November 2002. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: New Day Financial's data.
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