Applications / Mortgage Analytics / Lenders / California / NextMortgage
San Ramon, CA · Non-bank or government lender · CFPB · 592 loans in 2025
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592
loans originated, 2025
969
applications, 2025
15
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
NextMortgage is a home-purchase lender that leans on government-backed loans, which made up nearly half its book in 2025, while the typical similar lender made none.
Purchases were 90.4% of its 592 loans. Loans insured by the Federal Housing Administration made up 27.0%, those guaranteed by the Department of Veterans Affairs 9.8% and those guaranteed by the Department of Agriculture's Rural Housing Service 10.6%. At the typical similar lender, one of 32 non-bank or government lenders making between half and twice as many loans, every loan was conventional. Its typical loan, $265,000, was smaller than their $370,000.
Borrowers with low or moderate incomes took 32.3% of its loans, up from 20.9% in 2024 and above the peers' 23.0%. The growing share of government-backed loans, which are built for buyers with modest means, may explain much of that rise. It turned down 3.9% of decided home-purchase applications, against 5.1% at its peers.
It made 592 loans, up 11% from 531, a little slower than its peers' 15%. It first reported in 2023, with 546 loans, so its size has barely changed in three years.
It lends in 15 states and 46 metros, with Florida its biggest state, though its head office is in California. It is a small player in big markets such as Houston and Orlando. In smaller ones it counts for more: it took 0.7% of Winchester, up from 0.2%, and 1.0% of Lawton in its first year there.
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, 2023–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. NextMortgage took 969 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 90.4% · Refinance 9.6%
Conventional 52.5% · FHA 27.0% · USDA (RHS or FSA) 10.6% · VA 9.8% · of 592 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 |
|---|---|---|
| Florida | 197 | 33.3% |
| Texas | 152 | 25.7% |
| North Dakota | 53 | 9.0% |
| Maine | 44 | 7.4% |
| Colorado | 41 | 6.9% |
| Virginia | 38 | 6.4% |
| Oklahoma | 24 | 4.1% |
| South Carolina | 12 | 2.0% |
| West Virginia | 11 | 1.9% |
| North Carolina | 7 | 1.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Houston-Pasadena-The Woodlands | 124 |
| Deltona-Daytona Beach-Ormond Beach | 87 |
| Orlando-Kissimmee-Sanford | 44 |
| Bangor | 29 |
| Winchester | 24 |
| Lawton | 23 |
| Jacksonville | 20 |
| Bismarck | 17 |
| Minot | 16 |
| Ocala | 15 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300JLXD89NGKXMS84 | 2023–2025 |
Established 16 April 2019. Reported under HMDA 2023-2025.
Mergers, name changes, data editions and corrections: NextMortgage's data.
NextMortgage's data
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NextMortgage 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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