Applications / Mortgage Analytics / Lenders / Maryland / South River Mortgage
Annapolis, MD · Non-bank or government lender · CFPB · 1,442 loans in 2025
South River Mortgage's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
1,442
loans originated, 2025
3,718
applications, 2025
30
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
South River Mortgage, a non-bank lender in Annapolis, does almost nothing but refinance, and it doubled its lending in 2025 to 1,442 loans across 30 states.
Refinances made up 99.9% of its loans in 2025. It lends far from home: its loans reached 224 metro areas, and Texas accounts for more than any other state. Its typical loan was $135,000, against $320,000 at similar lenders (non-bank lenders making between half and twice as many loans), smaller than at all but a few of them.
In 2024, 99.0% of its loans were insured by the Federal Housing Administration (FHA). In 2025 that share fell to 50.6%, with conventional loans making up the rest. The typical similar lender makes almost no FHA loans.
Of its borrowers, 96.8% had low or moderate incomes, against 30.2% at its peers. Its small loans fit that pattern. Its typical rate, 7.00%, was lower than at about seven in ten similar lenders, whose typical rate was 7.56%.
It first reported in 2023, with 84 loans. It made 710 in 2024 and 1,442 in 2025, a rise of 103%, against 16% for similar lenders and 10% for the whole market. Its share of any single market remains too small to measure.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. South River Mortgage took 3,718 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 99.9% · Purchase 0.1%
FHA 50.6% · Conventional 49.4% · of 1,442 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 | 190 | 13.2% |
| Florida | 188 | 13.0% |
| California | 164 | 11.4% |
| North Carolina | 118 | 8.2% |
| Georgia | 93 | 6.4% |
| Pennsylvania | 66 | 4.6% |
| New Jersey | 65 | 4.5% |
| Ohio | 58 | 4.0% |
| Tennessee | 47 | 3.3% |
| Nevada | 41 | 2.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Atlanta-Sandy Springs-Roswell | 48 |
| Dallas-Plano-Irving | 41 |
| Houston-Pasadena-The Woodlands | 35 |
| Los Angeles-Long Beach-Glendale | 33 |
| Charlotte-Concord-Gastonia | 31 |
| Lakewood-New Brunswick | 31 |
| Riverside-San Bernardino-Ontario | 28 |
| Las Vegas-Henderson-North Las Vegas | 27 |
| Tampa | 27 |
| Miami-Miami Beach-Kendall | 26 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900WT4HAMDFWH3048 | 2023–2025 |
Established 1 April 2019. Reported under HMDA 2023-2025.
Mergers, name changes, data editions and corrections: South River Mortgage's data.
South River Mortgage's data
$215
South River Mortgage 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.
Buy South River Mortgage's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]