Applications / Mortgage Analytics / Lenders / Washington / Rain City Capital
Kirkland, WA · Non-bank or government lender · CFPB · 2,118 loans in 2025
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2,118
loans originated, 2025
3,585
applications, 2025
24
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Rain City Capital, a Kirkland, Washington lender whose every loan is classed as other-purpose, more than doubled its lending from 945 loans in 2023 to 2,118 in 2025.
All of its loans were conventional, and all were for a purpose other than buying, refinancing or improving a home. That makes it a specialist rather than a household mortgage lender. Its typical loan, $225,000, was smaller than the $320,000 at similar lenders, which are non-bank lenders making between half and twice as many loans.
Its typical rate, 10.50%, was the highest among similar lenders, against 7.50% for the group. The difference may come from its product: every loan was other-purpose, and none was a standard purchase or refinance mortgage.
It made 311 loans in 2020 and 2,118 in 2025. In 2025 it began lending in Dallas, Houston, Austin, Nashville, Tampa and Oklahoma City, and it now lends in 24 states, with Texas its biggest. Its share of each market is still tiny: 0.1% in Portland and Oklahoma City.
Its share of loans in poorer neighborhoods (low- and moderate-income, or LMI, tracts) was 41.8%, against 32.0% at similar lenders, higher than about seven in ten of them.
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, 2019–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Rain City Capital took 3,585 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 100.0%
Conventional 100.0% · of 2,118 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 |
|---|---|---|
| Texas | 112 | 5.3% |
| Washington | 87 | 4.1% |
| Florida | 74 | 3.5% |
| Oklahoma | 62 | 2.9% |
| Oregon | 50 | 2.4% |
| Tennessee | 44 | 2.1% |
| Ohio | 35 | 1.7% |
| Missouri | 31 | 1.5% |
| North Carolina | 26 | 1.2% |
| Georgia | 23 | 1.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Portland-Vancouver-Hillsboro | 37 |
| Oklahoma City | 31 |
| Seattle-Bellevue-Kent | 27 |
| Dallas-Plano-Irving | 25 |
| St. Petersburg-Clearwater-Largo | 25 |
| Austin-Round Rock-San Marcos | 22 |
| Tampa | 22 |
| Cleveland | 20 |
| St. Louis | 20 |
| Tulsa | 20 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493004T38NMC864VL66 | 2019–2025 |
Established 16 June 2009. Reported under HMDA 2019-2025.
Mergers, name changes, data editions and corrections: Rain City Capital's data.
Rain City Capital's data
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