Applications / Mortgage Analytics / Lenders / Texas / Spark Mortgage
Belton, TX · Non-bank lender · CFPB · 233 loans in 2025
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233
loans originated, 2025
288
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Spark Mortgage, a Belton, Texas, home-purchase lender that first reported in 2025, made three in five of its loans with guarantees from the Department of Veterans Affairs (VA) and ranked tenth of 394 lenders in Killeen-Temple in its first year.
VA loans made up 60.5% of its lending, against 2.6% at similar lenders, meaning non-bank lenders making between half and twice as many loans; that is the highest share among its 25 peers. Loans insured by the Federal Housing Administration added another 25.3%. Conventional loans were only 12.9%, against 83.5% at peers. Every loan financed a purchase.
In Killeen-Temple it took 2.2% of the market in its first year. In Waco it ranked 47 of 368. Its lending stayed within Texas, across five counties.
Its typical rate was 5.49%, against 6.62% at peers, lower than at almost all of them. None of its loans was higher-priced, meaning a rate well above the average for similar loans. Its government-backed product mix could account for the low rates.
More than half its loans (56.2%) went to majority-minority neighborhoods, about double the 27.7% at peers. Its typical loan was $305,000, a little below peers' $345,000.
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, 2025–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Spark Mortgage took 288 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 100.0%
VA 60.5% · FHA 25.3% · Conventional 12.9% · USDA (RHS or FSA) 1.3% · of 233 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 | 233 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Killeen-Temple | 205 |
| Waco | 25 |
| Austin-Round Rock-San Marcos | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900H565SUNWJ0IV44 | 2025–2025 |
Established 15 April 2024. Reported under HMDA in 2025.
Mergers, name changes, data editions and corrections: Spark Mortgage's data.
Spark Mortgage's data
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Spark 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.
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