Renovation, not purchase
Two-thirds of its loans, 67.3%, were for home improvement; 24.0% were refinances and only 7.7% purchases. All were conventional, and none was for a manufactured home.
Applications / Mortgage Analytics / Lenders / New Jersey / ABL RPC Residential Credit Acquisition
ABL RPC Residential Credit Acquisition
Jersey City, NJ · Non-bank or government lender · CFPB · 1,189 loans in 2025
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1,189
loans originated, 2025
1,820
applications, 2025
34
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
ABL RPC Residential Credit Acquisition, a Jersey City non-bank that first reported in 2023, lends mostly for home improvement, in 141 metros across 34 states.
Missing incomes, higher rates
Its filings give no figure for borrowers' incomes or for higher-priced loans, a pattern that may mean many of its borrowers are companies rather than households. Its typical rate, 10.12%, was higher than at about four in five similar lenders, meaning non-banks making between half and twice as many loans, whose typical rate was 7.38%. Its weight in home-improvement loans, which are often priced above purchase loans, could account for much of that; lending to businesses could too.
Poorer neighborhoods
Of its loans, 42.3% were in low- and moderate-income neighborhoods, against 24.5% at similar lenders, a higher share than at more than four in five of them. Its share in majority-minority neighborhoods, 44.2%, was a little above its peers' 41.0%.
Wide reach, fewer loans
It first reported in 2023, with 1,021 loans, and now lends in 252 counties. Its loans fell 13% in 2025 to 1,189, while similar lenders grew 16%. A lender this young may still be settling on how much it wants to lend.
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, 2023–2025
1,189 loans in 2025, against a peak of 1,371 in 2024.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. ABL RPC Residential Credit Acquisition took 1,820 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
67.3% of its 2025 loans were home improvement loans; all were conventional loans.
Home improvement 67.3% · Refinance 24.0% · Purchase 7.7% · Other 1.1%
Conventional 100.0% · of 1,189 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
34 states, 141 metros, 252 counties
| State | Loans | Share |
|---|---|---|
| New Jersey | 262 | 22.0% |
| Tennessee | 132 | 11.1% |
| Texas | 94 | 7.9% |
| Pennsylvania | 71 | 6.0% |
| South Carolina | 70 | 5.9% |
| Florida | 69 | 5.8% |
| New York | 68 | 5.7% |
| Massachusetts | 61 | 5.1% |
| North Carolina | 57 | 4.8% |
| Illinois | 40 | 3.4% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| New York-Jersey City-White Plains | 108 |
| Newark | 107 |
| Nashville-Davidson--Murfreesboro--Franklin | 75 |
| Houston-Pasadena-The Woodlands | 46 |
| Cambridge-Newton-Framingham | 36 |
| Philadelphia | 35 |
| Chicago-Naperville-Schaumburg | 34 |
| Lakewood-New Brunswick | 29 |
| Albuquerque | 28 |
| Camden | 27 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900BBWJ82FQDQ6823 | 2023–2025 |
Established 22 July 2020. Reported under HMDA 2023-2025.
Mergers, name changes, data editions and corrections: ABL RPC Residential Credit Acquisition's data.
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