Few purchase loans
Loans for other purposes made up 44.7% of its lending, refinances 20.7% and home improvement 15.1%. Home purchases were only 19.6%. Every loan was conventional, and its typical loan was $125,000.
Applications / Mortgage Analytics / Lenders / Texas / Smart Financial Credit Union
Smart Financial Credit Union
Houston, TX · Credit union · NCUA · $804 million assets · 179 loans in 2025
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179
loans originated, 2025
370
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Smart Financial Credit Union is a Houston lender that makes few home-purchase loans and places nearly half its lending in majority-minority neighborhoods.
Lending in minority neighborhoods
Majority-minority neighborhoods took 48.6% of its loans, against 11.0% at similar lenders (credit unions making between half and twice as many loans), higher than at more than four in five of them. Its share in low- and moderate-income neighborhoods, 23.2%, was higher than at four in five. Its base in Houston, where it ranked 194 of 929 lenders, may account for much of this.
A smaller year
It made 179 loans, down 9% from 197 in 2024, while similar lenders grew 7% and the whole market 10%. It made 320 loans in 2020.
Slightly lower rates
Its typical rate was 6.50%, against 6.75% at similar lenders, lower than at about two-thirds of them. Higher-priced loans, those with a rate well above the average for similar loans, were 1.1% of its lending, against 2.1% at the typical peer.
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
179 loans in 2025, against a peak of 320 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Smart Financial Credit Union took 370 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
44.7% of its 2025 loans were other loans; all were conventional loans.
Other 44.7% · Refinance 20.7% · Purchase 19.6% · Home improvement 15.1%
Conventional 100.0% · of 179 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
1 state, 5 metros, 15 counties
| State | Loans | Share |
|---|---|---|
| Texas | 179 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Houston-Pasadena-The Woodlands | 167 |
| Austin-Round Rock-San Marcos | 3 |
| College Station-Bryan | 1 |
| Dallas-Plano-Irving | 1 |
| San Antonio-New Braunfels | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300Z54IIB4Q3AKI90 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 787691 | 2005–2023 |
| Respondent ID (the HMDA filer code before 2018) | 567927 | 1996–2017 |
Established 1 January 1934. Reported under HMDA 1996-2025.
Mergers, name changes, data editions and corrections: Smart Financial Credit Union's data.
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