Applications / Mortgage Analytics / Lenders / California / SnapFi
San Jose, CA · Independent non-bank lender · CFPB · 50 loans in 2025
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50
loans originated, 2025
52
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
SnapFi, a San Jose lender that mostly finances home purchases, made 50 loans in 2025, a sliver of the 787 it made in 2020.
Its loans rose 6%, from 47 to 50, while the typical similar lender, an independent non-bank making between half and twice as many loans, fell 1%. The volume is far below its 2020 peak of 787 and the 516 of 2021. It has made between 47 and 56 loans a year since 2023.
Home purchases made up 74.0% of its loans and refinances the rest. Its typical loan, $425,000, was larger than at about four in five similar lenders, whose typical loan was $255,000.
Of its loans, 28.0% went to properties in low- and moderate-income (LMI) neighborhoods, against 17.2% at the typical similar lender, a higher share than about four in five of them. And 60.0% were in majority-minority neighborhoods, against 38.7%. With 50 loans, a few loans either way move these shares.
Its largest market is San Jose, where it ranked 237 of 459 lenders and Wells Fargo Bank leads. Its share rose to 0.2% in Carson City, Nevada, and to 0.1% in Stockton-Lodi.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. SnapFi took 52 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 74.0% · Refinance 26.0%
Conventional 82.0% · FHA 10.0% · VA 8.0% · of 50 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 |
|---|---|---|
| California | 45 | 90.0% |
| Nevada | 5 | 10.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Stockton-Lodi | 13 |
| Sacramento-Roseville-Folsom | 10 |
| San Jose-Sunnyvale-Santa Clara | 10 |
| Oakland-Fremont-Berkeley | 3 |
| Carson City | 2 |
| Chico | 2 |
| Los Angeles-Long Beach-Glendale | 2 |
| San Francisco-San Mateo-Redwood City | 2 |
| Modesto | 1 |
| Reno | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300UM5S3HZLZHVP89 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3955884 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7770563974 |
Established date not on record. Reported under HMDA 2008-2025.
Mergers, name changes, data editions and corrections: SnapFi's data.
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