Applications / Mortgage Analytics / Lenders / California / Shea Mortgage
Walnut, CA · Independent non-bank lender · CFPB · 1,124 loans in 2025
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1,124
loans originated, 2025
1,453
applications, 2025
11
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Shea Mortgage lends almost only to home buyers, and to buyers of expensive homes: its typical loan of $555,000 was bigger than at all but a few similar lenders in 2025.
Purchases made up 99.9% of its loans; it made almost no refinances and no manufactured-home loans. Its typical loan was $555,000, against $315,000 at similar lenders, here independent non-bank lenders making between half and twice as many loans. Jumbo loans, those above the conforming limit, were 6.2% of its lending against 1.2% at the typical peer.
Its loans rose 11% to 1,124, against 3% for similar lenders and 10% for the whole market. That recovers part of the ground lost since 2018, when it made 1,540 loans; it bottomed out at 938 in 2023. In Phoenix-Mesa-Chandler, its largest market, its share rose from 0.2% to 0.4%.
Only 4.9% of its borrowers had low or moderate incomes (LMI), against 27.6% at the typical peer, among the lowest tenth of similar lenders. Its large loans and conventional lending are a plausible reason: 88.7% of its loans were conventional and only 4.7% were insured by the Federal Housing Administration (FHA), against 22.0% at peers. Its share of loans in majority-minority neighborhoods halved, from 28.2% to 13.8%, which may reflect a change in where it lent.
None of its loans was higher-priced, a rate well above the average for similar loans, and its typical rate of 6.25% was lower than at most 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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Shea Mortgage took 1,453 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 99.9% · Refinance 0.1%
Conventional 88.7% · VA 6.6% · FHA 4.7% · of 1,124 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 | 374 | 33.3% |
| Colorado | 241 | 21.4% |
| California | 179 | 15.9% |
| Texas | 87 | 7.7% |
| Nevada | 63 | 5.6% |
| South Carolina | 53 | 4.7% |
| North Carolina | 41 | 3.6% |
| Washington | 33 | 2.9% |
| Virginia | 25 | 2.2% |
| Idaho | 21 | 1.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Phoenix-Mesa-Chandler | 357 |
| Denver-Aurora-Centennial | 241 |
| Charlotte-Concord-Gastonia | 94 |
| Houston-Pasadena-The Woodlands | 87 |
| Las Vegas-Henderson-North Las Vegas | 63 |
| Oxnard-Thousand Oaks-Ventura | 43 |
| Tacoma-Lakewood | 33 |
| San Diego-Chula Vista-Carlsbad | 31 |
| Riverside-San Bernardino-Ontario | 30 |
| Boise City | 21 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900R9A6TW85BTVS20 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3876381 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7954523866 | |
| Respondent ID (the HMDA filer code before 2018) | 77840400007 | 2001–2010 |
Established 3 April 1995. Reported under HMDA 2001-2025.
Mergers, name changes, data editions and corrections: Shea Mortgage's data.
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