Applications / Mortgage Analytics / Lenders / South Dakota / Builder Finance
Sioux Falls, SD · Non-bank or government lender · CFPB · 46 loans in 2025
Builder Finance's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
46
loans originated, 2025
155
applications, 2025
18
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Builder Finance, a Sioux Falls lender that first reported in 2023, made 46 loans in 2025, spread thinly across 18 states.
Its 46 loans fell in 35 counties and 28 metros, with Florida its main state. In Houston, one of its largest markets, it ranked 545 of 929 lenders. Its loans rose 35% from 34, after 45 in 2023, while similar lenders (non-bank or government lenders making between half and twice as many loans) fell 7%.
Refinances were 47.8% of its loans, purchases 41.3% and home improvement 10.9%. Every loan was conventional, and none was on a manufactured home. Its typical loan, $385,000, was close to the $395,000 at similar lenders.
Low- and moderate-income (LMI) neighborhoods took 44.4% of its loans, against 20.6% at similar lenders, a higher share than nearly nine in ten of them. Majority-minority neighborhoods took 34.8%, against 26.7%. On 46 loans a few loans can shift these shares.
Its filings yield no share of loans to LMI borrowers and no share of higher-priced loans, though its peers report both. So the data cannot say how many of its borrowers had low or moderate incomes, or how many paid a higher price.
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
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Builder Finance took 155 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 47.8% · Purchase 41.3% · Home improvement 10.9%
Conventional 100.0% · of 46 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 | 10 | 21.7% |
| Texas | 7 | 15.2% |
| California | 4 | 8.7% |
| Colorado | 4 | 8.7% |
| North Carolina | 4 | 8.7% |
| Ohio | 3 | 6.5% |
| New Mexico | 2 | 4.3% |
| Virginia | 2 | 4.3% |
| Connecticut | 1 | 2.2% |
| District of Columbia | 1 | 2.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Houston-Pasadena-The Woodlands | 4 |
| Cincinnati | 3 |
| Miami-Miami Beach-Kendall | 3 |
| Riverside-San Bernardino-Ontario | 3 |
| Albuquerque | 2 |
| Asheville | 2 |
| Cape Coral-Fort Myers | 2 |
| Dallas-Plano-Irving | 2 |
| Denver-Aurora-Centennial | 2 |
| Pensacola-Ferry Pass-Brent | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300FKEPZ2QELUY416 | 2023–2025 |
Established 31 July 2016. Reported under HMDA 2023-2025.
Mergers, name changes, data editions and corrections: Builder Finance's data.
Builder Finance's data
$215
Builder Finance 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.
Buy Builder Finance's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]