Applications / Mortgage Analytics / Lenders / California / ClearPath Lending
Irvine, CA · Non-bank or government lender · CFPB · 1,785 loans in 2025
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1,785
loans originated, 2025
2,656
applications, 2025
31
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
ClearPath Lending, a non-bank lender in Irvine, California, does almost nothing but refinance loans guaranteed by the Department of Veterans Affairs (VA), and in 2025 it made 1,785 of them across 31 states.
VA loans made up 97.4% of its originations and refinancing 97.8%. Similar lenders, non-banks making between half and twice as many loans, typically make only conventional loans. It also makes a few loans on manufactured homes, 4.6%, where the typical peer makes none. That makes it a specialist in one product, sold nationwide; its biggest state is Texas, far from its head office.
Its volume follows refinancing demand. It made 20,288 loans in 2020, when its typical rate was 2.75%, and 997 in 2023. With its typical rate now at 5.75%, it made 1,785 loans in 2025, up 16%, a little slower than the 20% rise at the typical peer.
None of its loans were higher-priced, meaning a rate well above the average for similar loans, against 12.5% at the typical peer. Its typical rate of 5.75% was lower than at any similar lender, where the middle was 7.50%. A book made almost entirely of government-guaranteed refinances is one possible reason.
Low- and moderate-income borrowers took 40.4% of its loans, about double the 19.3% at the typical peer. Its share in poorer neighborhoods, 22.9%, was lower than at most peers, plausibly because it lends wherever veterans refinance rather than in particular neighborhoods.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. ClearPath Lending took 2,656 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 97.8% · Purchase 2.2%
VA 97.4% · Conventional 2.6% · of 1,785 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 |
|---|---|---|
| Texas | 185 | 10.4% |
| Florida | 151 | 8.5% |
| North Carolina | 141 | 7.9% |
| Georgia | 106 | 5.9% |
| Arizona | 103 | 5.8% |
| Virginia | 102 | 5.7% |
| California | 98 | 5.5% |
| Ohio | 89 | 5.0% |
| South Carolina | 68 | 3.8% |
| Michigan | 63 | 3.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Phoenix-Mesa-Chandler | 49 |
| Las Vegas-Henderson-North Las Vegas | 45 |
| Virginia Beach-Chesapeake-Norfolk | 43 |
| San Antonio-New Braunfels | 36 |
| Atlanta-Sandy Springs-Roswell | 35 |
| Charlotte-Concord-Gastonia | 29 |
| Riverside-San Bernardino-Ontario | 29 |
| Columbia | 28 |
| Jacksonville | 26 |
| Baltimore-Columbia-Towson | 25 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300G5DVGM0ZHRQC33 | 2018–2025 |
| Respondent ID (the HMDA filer code before 2018) | 7455510883 |
Established 14 June 2012. Reported under HMDA 2016-2025.
Mergers, name changes, data editions and corrections: ClearPath Lending's data.
ClearPath Lending's data
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