Applications / Mortgage Analytics / Lenders / Texas / Southwest Funding
Dallas, TX · Independent non-bank lender · CFPB · 1,740 loans in 2025
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1,740
loans originated, 2025
2,640
applications, 2025
26
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Southwest Funding, a Dallas mortgage company that lends mostly to home buyers with government-backed loans, made 19% fewer loans in 2025 while similar lenders grew.
Loans insured by the Federal Housing Administration (FHA) made up 46.5% of its lending, about double the 22.7% at similar lenders, meaning independent non-bank lenders making between half and twice as many loans. Another 12.8% were guaranteed by the Department of Veterans Affairs (VA). Conventional loans were only 38.2%, against 66.3% at peers. Purchases made up 85.3% of its loans.
Its typical loan was $245,000, against $315,000 at peers. A quarter of its loans (25.7%) went to low- and moderate-income neighborhoods, a higher share than at about four in five peers.
Higher-priced loans, those with a rate well above the average for similar loans, were 9.1% of its lending, against 2.3% at peers. Manufactured homes, 9.1% of its loans against 0.9% at peers, and its heavy FHA lending could account for most of that gap. Its typical rate, 6.62%, matched peers'.
Originations fell to 1,740 from 2,143, while peers rose 6% and the whole market 10%. Its growth was lower than at more than nine in ten peers. One possibility is a pullback in some markets: its shares fell in San Antonio and Houston. It is still active far from home: in 2025 it entered Longview-Kelso, Washington, and ranked 34 of 219 lenders there.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Southwest Funding took 2,640 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 85.3% · Refinance 14.6% · Other 0.1%
FHA 46.5% · Conventional 38.2% · VA 12.8% · USDA (RHS or FSA) 2.5% · of 1,740 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 | 668 | 38.4% |
| Tennessee | 193 | 11.1% |
| Alabama | 175 | 10.1% |
| Oklahoma | 126 | 7.2% |
| Louisiana | 125 | 7.2% |
| Mississippi | 77 | 4.4% |
| Michigan | 51 | 2.9% |
| Washington | 46 | 2.6% |
| New Mexico | 44 | 2.5% |
| Indiana | 41 | 2.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Dallas-Plano-Irving | 158 |
| Clarksville | 106 |
| San Antonio-New Braunfels | 84 |
| Fort Worth-Arlington-Grapevine | 80 |
| Austin-Round Rock-San Marcos | 62 |
| Oklahoma City | 62 |
| Houston-Pasadena-The Woodlands | 61 |
| New Orleans-Metairie | 59 |
| Laredo | 45 |
| Nashville-Davidson--Murfreesboro--Franklin | 43 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493006P5IHSK77SZ855 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4185558 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7752674544 |
Established 11 May 1996. Reported under HMDA 2009-2025.
Mergers, name changes, data editions and corrections: Southwest Funding's data.
Southwest Funding's data
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