Applications / Mortgage Analytics / Lenders / Virginia / Strategic Funding
Forest, VA · Non-bank or government lender · CFPB · 114 loans in 2025
Strategic Funding's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
114
loans originated, 2025
166
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Strategic Funding is a Virginia non-bank that makes nothing but home-improvement loans, and nearly half of them go to poorer neighborhoods.
Every loan it reported in 2025 was for home improvement, and all were conventional. Its typical loan, $155,000, was smaller than at almost all similar lenders, meaning non-bank or government lenders making between half and twice as many loans, whose typical loan was $385,000.
It first reported in 2023, with 92 loans, and made 114 in 2025, up 9% on the year against 6% for peers. It lends across 28 Virginia counties. Lynchburg is where it counts most: it ranks 63 of 329 lenders there, with 0.3% of lending.
Its share of loans in low- and moderate-income tracts, 48.2%, was more than twice the peers' 23.6% and higher than at nine in ten of them. Its share of loans to lower-income borrowers is not available.
Its typical rate, 13.50%, is about twice the peers' 6.62% and the highest among them. Home-improvement loans are its only product, and such loans can carry far higher rates than mortgages for buying a home; that difference in product could account for most of the gap.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Strategic Funding took 166 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 100.0%
Conventional 100.0% · of 114 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 |
|---|---|---|
| Virginia | 114 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Richmond | 33 |
| Lynchburg | 31 |
| Roanoke | 7 |
| Charlottesville | 2 |
| Arlington-Alexandria-Reston | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 9845009AAA0074412D05 | 2023–2025 |
Established 12 April 2007. Reported under HMDA 2023-2025.
Mergers, name changes, data editions and corrections: Strategic Funding's data.
Strategic Funding's data
$215
Strategic Funding 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 Strategic Funding'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]