Applications / Mortgage Analytics / Lenders / Texas / Directions Equity
San Antonio, TX · Independent non-bank lender · CFPB · 1,842 loans in 2025
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1,842
loans originated, 2025
2,561
applications, 2025
15
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Directions Equity, a San Antonio lender built on government-backed loans, grew 41% in 2025 and now ranks sixth in its home market.
Only 21.9% of its loans were conventional, lower than at nearly all similar lenders (independent non-bank lenders making between half and twice as many loans), whose typical figure was 68.7%. Loans insured by the Federal Housing Administration made up 45.9%, and loans guaranteed by the Department of Veterans Affairs 32.1%, against 6.4% at peers. In 2020 more than half its loans, 54.9%, were conventional.
In San Antonio-New Braunfels it ranked 6 of 669 lenders, and its share rose to 2.2% from 1.6%. United Wholesale Mortgage, Lennar Mortgage and DHI Mortgage Company lead there. It also gained in McAllen-Edinburg-Mission, to 2.8% from 2.4%, and in Brownsville-Harlingen, to 1.6% from 1.1%.
It made 1,842 loans in 2025, up from 1,302, while similar lenders grew 7% and the whole market 10%. Its growth was higher than at more than four in five of its peers. It has nearly tripled since 2023, when it made 647. Home purchases were 93.7% of its loans.
In 2025, 83.5% of its loans went to majority-minority neighborhoods, against 25.1% at similar lenders. Its typical rate, 6.25%, was lower than at about nine in ten of them.
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, 2020–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Directions Equity took 2,561 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 93.7% · Refinance 5.6% · Other 0.7%
FHA 45.9% · VA 32.1% · Conventional 21.9% · USDA (RHS or FSA) 0.1% · of 1,842 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 | 1,708 | 92.7% |
| New Mexico | 37 | 2.0% |
| Tennessee | 32 | 1.7% |
| Mississippi | 18 | 1.0% |
| Alabama | 10 | 0.5% |
| California | 8 | 0.4% |
| Florida | 6 | 0.3% |
| Arkansas | 4 | 0.2% |
| Georgia | 4 | 0.2% |
| North Carolina | 4 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| San Antonio-New Braunfels | 1,097 |
| McAllen-Edinburg-Mission | 202 |
| El Paso | 74 |
| Brownsville-Harlingen | 72 |
| Houston-Pasadena-The Woodlands | 60 |
| Midland | 49 |
| Memphis | 46 |
| Austin-Round Rock-San Marcos | 38 |
| Las Cruces | 35 |
| Dallas-Plano-Irving | 19 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300ZGTXNHL5BKQZ27 | 2020–2025 |
| Respondent ID (the HMDA filer code before 2018) | 7260848316 | 2017–2017 |
Established 10 September 2007. Reported under HMDA 2017-2025.
Mergers, name changes, data editions and corrections: Directions Equity's data.
Directions Equity's data
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Directions Equity 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.
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