Applications / Mortgage Analytics / Lenders / North Carolina / AAFMAA Mortgage Services
Cary, NC · Non-bank lender · CFPB · 214 loans in 2025
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214
loans originated, 2025
320
applications, 2025
15
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
AAFMAA Mortgage Services is a veterans' lender: 57.9% of its loans were guaranteed by the Department of Veterans Affairs (VA), against 2.6% at similar non-banks.
Its VA share was higher than at nearly all similar lenders, meaning non-banks making between half and twice as many loans. Loans insured by the Federal Housing Administration (FHA) added 16.4%, a little above its peers' 14.0%, leaving only 25.7% conventional. Most of its loans, 72.4%, financed a purchase. Its typical rate, 6.25%, was lower than at about seven in ten of its peers.
It made 214 loans in 2025, down 7%, while similar lenders grew 18% and the whole market 10%. It made 887 loans in 2021, its first year of reporting, and fewer each year since. A lender this focused on VA loans may rise and fall with the number of veterans buying or refinancing.
Its share around Jacksonville, North Carolina, fell to 0.3% from 0.8%, and it now ranks 44 of 313; Mortgage Research Center and Navy Federal Credit Union lead there. Its share in Fayetteville slipped 0.1 points. Its smaller total may explain part of this; gains by rivals could explain the rest. It lends in 15 states and 57 metros.
Some 22.5% of its loans went to low- and moderate-income borrowers, up from 10.6% a year earlier and above its peers' 20.1%. Its share in low- and moderate-income neighborhoods, 14.0%, was lower than at about seven in ten similar lenders, which may reflect the markets it serves.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. AAFMAA Mortgage Services took 320 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 72.4% · Refinance 27.1% · Other 0.5%
VA 57.9% · Conventional 25.7% · FHA 16.4% · of 214 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 |
|---|---|---|
| North Carolina | 82 | 38.3% |
| Texas | 40 | 18.7% |
| Virginia | 23 | 10.7% |
| Georgia | 16 | 7.5% |
| Florida | 12 | 5.6% |
| South Carolina | 9 | 4.2% |
| Indiana | 6 | 2.8% |
| California | 5 | 2.3% |
| Tennessee | 5 | 2.3% |
| Washington | 5 | 2.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Jacksonville | 23 |
| Fayetteville | 16 |
| Houston-Pasadena-The Woodlands | 14 |
| Fort Worth-Arlington-Grapevine | 13 |
| Virginia Beach-Chesapeake-Norfolk | 10 |
| Arlington-Alexandria-Reston | 7 |
| Atlanta-Sandy Springs-Roswell | 7 |
| Charlotte-Concord-Gastonia | 4 |
| Winchester | 4 |
| Charleston-North Charleston | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 2549007E9BI08H1N1T92 | 2021–2025 |
Established 9 September 2015. Reported under HMDA 2021-2025.
Mergers, name changes, data editions and corrections: AAFMAA Mortgage Services's data.
AAFMAA Mortgage Services's data
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AAFMAA Mortgage Services 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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