Applications / Mortgage Analytics / Lenders / Virginia / City Lending
Vienna, VA · Independent non-bank lender · CFPB · 980 loans in 2025
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980
loans originated, 2025
1,550
applications, 2025
25
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
City Lending, a Virginia non-bank, lends mostly to lower-income home buyers through loans insured by the Federal Housing Administration, though its volume fell by almost a third in 2025.
Low- and moderate-income (LMI) borrowers took 71.7% of its loans, against 27.0% at similar lenders, independent non-banks making between half and twice as many loans. Almost none of them lend so heavily to such borrowers. Loans insured by the Federal Housing Administration (FHA) made up 51.4% of its lending, against 21.8%, and purchases 92.3%.
Some 38.3% of its loans went to LMI neighborhoods, about double the 18.6% at similar lenders. Majority-minority neighborhoods took 58.9%, against 25.1%. The pattern is long-standing: in 2020 the shares were 37.5% and 62.1%.
Its loans fell 31%, from 1,414 to 980, while similar lenders grew 5% and the whole market 10%. Its share of the Baltimore market slipped from 0.3% to 0.1%, and it lost ground in Orlando too. The figures do not say whether it pulled back by choice or lost business to rivals.
It first reported in 2018 and has lent in the Washington and Baltimore areas since then. In the Washington market it ranked 96 of 757 lenders, and Maryland is its largest state. It now lends in 25 states and added small footholds in 2025 as far away as Albany, Oregon.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. City Lending took 1,550 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 92.3% · Refinance 7.6% · Home improvement 0.1%
FHA 51.4% · Conventional 47.4% · VA 0.7% · USDA (RHS or FSA) 0.4% · of 980 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 |
|---|---|---|
| Maryland | 277 | 28.3% |
| Virginia | 204 | 20.8% |
| Florida | 148 | 15.1% |
| North Carolina | 97 | 9.9% |
| Texas | 86 | 8.8% |
| California | 30 | 3.1% |
| Arizona | 20 | 2.0% |
| Washington | 18 | 1.8% |
| Tennessee | 16 | 1.6% |
| Indiana | 13 | 1.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Arlington-Alexandria-Reston | 159 |
| Washington | 125 |
| Baltimore-Columbia-Towson | 110 |
| Houston-Pasadena-The Woodlands | 49 |
| Orlando-Kissimmee-Sanford | 36 |
| Charlotte-Concord-Gastonia | 34 |
| Frederick-Gaithersburg-Bethesda | 31 |
| Raleigh-Cary | 31 |
| Lakeland-Winter Haven | 24 |
| Tampa | 23 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300WHVRE44NRBU558 | 2018–2025 |
Established 25 February 2013. Reported under HMDA 2018-2025.
Mergers, name changes, data editions and corrections: City Lending's data.
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