Applications / Mortgage Analytics / Lenders / Florida / Foundation Mortgage
Miami Beach, FL · Independent non-bank lender · CFPB · 777 loans in 2025
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777
loans originated, 2025
2,116
applications, 2025
33
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Foundation Mortgage, a non-bank based in Miami Beach, makes only conventional loans, many of them large, across 33 states, and in 2025 gave back part of a surge in 2024.
Its loans fell 29%, from 1,096 to 777, while similar lenders, independent non-banks making between half and twice as many loans, grew 2%. Only about one in twenty of them shrank more. But 2024 was itself unusual: it made 487 loans in 2023. Its 2025 total was still well above that, and more than double the 343 of 2020. Which year is the better guide to its size is an open question.
Every loan it made was conventional. Similar lenders made 21.6% of theirs with FHA insurance (from the Federal Housing Administration). It lends large sums instead: its typical loan was $415,000, against $325,000 at its peers, and 13.1% of its loans were jumbo (larger than the conforming limit), against 1.1%. It lent $465.9 million in all.
Though based in Florida, it lends most in California. Its largest markets are Los Angeles, New York and Miami; it ranked 162 of 757 lenders in Los Angeles. In 2025 it entered Pittsburgh, Hilton Head Island and Logan. Its big-city markets may explain why 44.4% of its loans went to majority-minority neighborhoods, against 25.0% at its peers.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Foundation Mortgage took 2,116 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 51.0% · Refinance 49.0%
Conventional 100.0% · of 777 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 |
|---|---|---|
| California | 191 | 24.6% |
| Florida | 131 | 16.9% |
| Texas | 73 | 9.4% |
| New York | 59 | 7.6% |
| Ohio | 34 | 4.4% |
| New Jersey | 31 | 4.0% |
| Pennsylvania | 23 | 3.0% |
| Washington | 23 | 3.0% |
| Illinois | 21 | 2.7% |
| Arizona | 18 | 2.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Los Angeles-Long Beach-Glendale | 76 |
| Miami-Miami Beach-Kendall | 36 |
| New York-Jersey City-White Plains | 31 |
| Dallas-Plano-Irving | 26 |
| Anaheim-Santa Ana-Irvine | 24 |
| San Diego-Chula Vista-Carlsbad | 24 |
| Orlando-Kissimmee-Sanford | 22 |
| Houston-Pasadena-The Woodlands | 21 |
| Riverside-San Bernardino-Ontario | 20 |
| Columbus | 19 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300ZCR1XCLNEEI724 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4878047 | 2015–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7650882429 |
Established 11 December 1998. Reported under HMDA 2014-2025.
Mergers, name changes, data editions and corrections: Foundation Mortgage's data.
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