Applications / Mortgage Analytics / Lenders / California / Instamortgage
San Jose, CA · Independent non-bank lender · CFPB · 256 loans in 2025
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256
loans originated, 2025
308
applications, 2025
20
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Instamortgage, a San Jose mortgage company whose lending centers on Virginia, nearly doubled its loans in 2025 while similar lenders stood still.
Its loans rose 90% in 2025, from 135 to 256, faster than almost all similar lenders (independent non-bank lenders making between half and twice as many loans), whose loans were unchanged. The whole market rose 10%. It remains below its first reported year, 2022, when it made 454 loans before falling to 124 in 2023.
It lends in 47 metros across 20 states and added Virginia Beach-Chesapeake-Norfolk, Roanoke and Ocala in 2025. It is a small name everywhere: 174 of 757 lenders in Washington-Arlington-Alexandria, its largest market, and 232 of 551 in Richmond.
Some 56.6% of its loans went to majority-minority neighborhoods, against 21.7% at similar lenders, more than at about four in five of them. Borrowers with low or moderate incomes took 32.1% of its loans, against 21.7%. It also makes more loans guaranteed by the Department of Veterans Affairs: 9.0%, against 4.1% at similar lenders.
Its typical rate, 6.38%, was lower than at about three-quarters of similar lenders, where it was 6.50%. Only 1.2% of its loans were higher-priced (a rate well above the average for similar loans), against 1.5%. It turned down 3.4% of first-lien home-purchase applications, in line with similar lenders' 3.5%.
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, 2022–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted.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. Instamortgage took 308 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 75.0% · Refinance 25.0%
Conventional 71.9% · FHA 19.1% · VA 9.0% · of 256 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 |
|---|---|---|
| Virginia | 72 | 28.1% |
| Maryland | 42 | 16.4% |
| Texas | 27 | 10.5% |
| California | 17 | 6.6% |
| New Jersey | 16 | 6.2% |
| Nevada | 10 | 3.9% |
| Florida | 9 | 3.5% |
| Georgia | 9 | 3.5% |
| Illinois | 7 | 2.7% |
| Washington | 3 | 1.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Arlington-Alexandria-Reston | 59 |
| Frederick-Gaithersburg-Bethesda | 28 |
| Dallas-Plano-Irving | 18 |
| Lakewood-New Brunswick | 9 |
| Baltimore-Columbia-Towson | 8 |
| Richmond | 8 |
| Washington | 8 |
| Las Vegas-Henderson-North Las Vegas | 7 |
| Chicago-Naperville-Schaumburg | 6 |
| Oakland-Fremont-Berkeley | 6 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300ELLMUEKP1JHB70 | 2022–2025 |
Established 18 April 2008. Reported under HMDA 2022-2025.
Mergers, name changes, data editions and corrections: Instamortgage's data.
Instamortgage's data
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