Applications / Mortgage Analytics / Lenders / Nevada / Valley West
Las Vegas, NV · Non-bank lender · CFPB · 286 loans in 2025
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286
loans originated, 2025
569
applications, 2025
25
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Valley West, a Las Vegas non-bank lender built on government-backed loans, shrank by 41% in 2025 as its veterans' lending fell away.
It made 286 loans, down from 485, while similar lenders, non-bank lenders making between half and twice as many loans, grew by 18%. Almost the whole fall came in loans guaranteed by the Department of Veterans Affairs (VA): they were 54.6% of its loans in 2024 and 23.4% in 2025. Its volume has swung before, from 467 in 2021 to 157 in 2023.
Even after the fall, VA loans and loans insured by the Federal Housing Administration (FHA), at 33.9%, make up most of its book. Similar lenders hold 16.2% in FHA and 5.7% in VA loans. Refinancing is 59.8% of its lending.
Some 40.6% of its loans went to neighborhoods where most residents belong to minority groups, against 32.7% at similar lenders. It also lent more in poorer neighborhoods (low- and moderate-income tracts), at 21.3% against 15.6%. Its typical rate, 6.00%, was lower than about seven in ten similar lenders.
It lends in 25 states and 94 metro areas but holds little share anywhere. In Las Vegas it ranked 137th of 489 lenders with 0.1% of dollars, down from 0.2%, which may follow from the fall in its VA loans. United Wholesale Mortgage leads 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, 2021–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Valley West took 569 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 59.8% · Purchase 40.2%
Conventional 42.7% · FHA 33.9% · VA 23.4% · of 286 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 |
|---|---|---|
| Nevada | 79 | 27.6% |
| Texas | 51 | 17.8% |
| Florida | 26 | 9.1% |
| Arizona | 19 | 6.6% |
| Maryland | 12 | 4.2% |
| California | 11 | 3.8% |
| Virginia | 10 | 3.5% |
| Washington | 9 | 3.1% |
| Georgia | 7 | 2.4% |
| Tennessee | 7 | 2.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Las Vegas-Henderson-North Las Vegas | 66 |
| Houston-Pasadena-The Woodlands | 18 |
| Phoenix-Mesa-Chandler | 12 |
| Reno | 7 |
| Waco | 7 |
| Dallas-Plano-Irving | 6 |
| Tampa | 6 |
| Salt Lake City-Murray | 5 |
| Virginia Beach-Chesapeake-Norfolk | 5 |
| Albuquerque | 4 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900HO9WPE4LTLQU96 | 2021–2025 |
Established 14 July 2004. Reported under HMDA 2021-2025.
Mergers, name changes, data editions and corrections: Valley West's data.
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