Applications / Mortgage Analytics / Lenders / New York / FM Home Loans
New York, NY · Independent non-bank lender · CFPB · 1,846 loans in 2025
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1,846
loans originated, 2025
2,748
applications, 2025
19
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
FM Home Loans makes about as many loans as similar lenders but much bigger ones, so its $1.25 billion of lending is about double theirs.
Its typical loan was $575,000, against $315,000 at similar lenders, which are independent non-bank lenders making between half and twice as many loans. That is larger than at almost all of them. Jumbo loans, those above the conforming limit, were 10.0% of its loans against 1.1%. Almost everything is conventional: loans insured by the Federal Housing Administration (FHA) were 1.8%, against 22.6% at similar lenders. It ranks 31 of 802 lenders in the New York metro.
Only 8.9% of its loans went to low- and moderate-income (LMI) borrowers, among the lowest tenth of similar lenders. But 27.7% were in LMI neighborhoods, higher than nearly nine in ten, and 34.4% in majority-minority areas. A borrower who can carry a $575,000 loan seldom counts as LMI by income, even when buying in a poorer neighborhood.
It denied 2.6% of home-purchase applications, against 3.5% at similar lenders, and 1.2% of refinance applications, against 5.8%. The refinance rate is lower than at about nine in ten of them.
It made 5,621 loans in 2021 and 1,265 in 2023. In 2025 it made 1,846, up 12%, a little faster than similar lenders and the whole market. It entered McAllen and New Orleans in 2025, taking 0.7% of the McAllen market in its first year.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. FM Home Loans took 2,748 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 61.5% · Refinance 38.4% · Home improvement 0.1%
Conventional 98.2% · FHA 1.8% · VA 0.1% · of 1,846 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 |
|---|---|---|
| New York | 882 | 47.8% |
| New Jersey | 526 | 28.5% |
| Florida | 179 | 9.7% |
| Louisiana | 63 | 3.4% |
| Connecticut | 59 | 3.2% |
| Texas | 51 | 2.8% |
| Pennsylvania | 42 | 2.3% |
| Maryland | 10 | 0.5% |
| Arizona | 8 | 0.4% |
| Ohio | 6 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| New York-Jersey City-White Plains | 682 |
| Lakewood-New Brunswick | 402 |
| Nassau County-Suffolk County | 131 |
| Kiryas Joel-Poughkeepsie-Newburgh | 75 |
| Fort Lauderdale-Pompano Beach-Sunrise | 74 |
| New Orleans-Metairie | 61 |
| West Palm Beach-Boca Raton-Delray Beach | 43 |
| Newark | 39 |
| McAllen-Edinburg-Mission | 35 |
| Miami-Miami Beach-Kendall | 35 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900ACUWEGW702BR80 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3881620 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 720594137 |
Established 28 March 2002. Reported under HMDA 2003-2025.
Mergers, name changes, data editions and corrections: FM Home Loans's data.
FM Home Loans's data
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