Applications / Mortgage Analytics / Lenders / Arizona / New West Lending
Phoenix, AZ · Independent non-bank lender · CFPB · 145 loans in 2025
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145
loans originated, 2025
180
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
New West Lending, a Phoenix non-bank, makes half its loans with Federal Housing Administration insurance and lends far more in poorer neighborhoods than its peers.
Loans insured by the Federal Housing Administration (FHA) made up 49.7% of its book, against 15.4% at similar lenders, the 101 independent non-banks making between half and twice as many loans. Another 7.6% were guaranteed by the Department of Veterans Affairs, against 1.7%. Purchases were 71.7% of its loans. Its typical rate, 6.38%, was lower than at about four in five of its peers.
Borrowers with low or moderate incomes took 37.4% of its loans, against 20.2% at its peers. Low- and moderate-income neighborhoods took 37.5%, against 18.2%, a higher share than at almost all of them. Majority-minority neighborhoods took 51.4%, against 21.7%. Its reliance on FHA loans, which are built for buyers with modest means, may explain much of this.
It made 145 loans in 2025, against 149 the year before and 1,217 in 2020. Its record peaked in 2020 and fell each year after. Its peers shrank by 2% in 2025 while the whole market grew by 10%. It turned down 3.8% of decided home-purchase applications, close to the peers' 3.9%.
It has lent in Phoenix since 2001 and ranks 173 of 879 lenders there, with a 0.1% share that did not change. Its loans reach four states, but Arizona is its base.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. New West Lending took 180 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 71.7% · Refinance 28.3%
FHA 49.7% · Conventional 42.8% · VA 7.6% · of 145 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 |
|---|---|---|
| Arizona | 134 | 92.4% |
| California | 7 | 4.8% |
| Washington | 2 | 1.4% |
| Colorado | 1 | 0.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Phoenix-Mesa-Chandler | 129 |
| Riverside-San Bernardino-Ontario | 4 |
| Prescott Valley-Prescott | 3 |
| Bremerton-Silverdale-Port Orchard | 1 |
| Denver-Aurora-Centennial | 1 |
| Flagstaff | 1 |
| Los Angeles-Long Beach-Glendale | 1 |
| Oakland-Fremont-Berkeley | 1 |
| San Diego-Chula Vista-Carlsbad | 1 |
| Seattle-Bellevue-Kent | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300RU0T31BIA8UR19 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3876327 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 71004900001 | 2001–2017 |
Established 13 November 1995. Reported under HMDA 2001-2025.
Mergers, name changes, data editions and corrections: New West Lending's data.
New West Lending's data
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New West Lending 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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