Purchases in three Texas metros
Home purchases made up 97.3% of its 75 loans. It lends in San Antonio, Austin and Houston. Its share was 0.1% in both San Antonio, where it ranked 151 of 669 lenders, and Austin, where it ranked 211 of 753.
Applications / Mortgage Analytics / Lenders / Texas / Smart Choice Mortgage
Smart Choice Mortgage
Austin, TX · Non-bank or government lender · CFPB · 75 loans in 2025
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75
loans originated, 2025
96
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Smart Choice Mortgage, is a small Texas home-purchase lender making larger loans than similar non-bank lenders, a fifth of them for veterans.
Veterans' loans return
Of its loans, 20.0% were guaranteed by the Department of Veterans Affairs (VA), up from 1.6% in 2024 and close to the 17.3% of 2020. The typical similar lender (non-bank lenders making between half and twice as many loans) made none.
Bigger loans, few modest incomes
Its typical loan was $545,000, against $407,500 at similar lenders. Borrowers with low or moderate incomes took 1.4% of its loans, against 22.2% at the typical peer, the lowest share in the group. Its larger loans suggest better-off buyers, which could account for most of the difference.
Growing again
Its loans rose 17% in 2025, while those of similar lenders fell 5%. It remains well below the 202 loans it made in 2020.
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
75 loans in 2025, against a peak of 202 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Smart Choice Mortgage took 96 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
97.3% of its 2025 loans were purchase loans; 78.7% were conventional loans.
Purchase 97.3% · Refinance 2.7%
Conventional 78.7% · VA 20.0% · FHA 1.3% · of 75 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
1 state, 3 metros, 10 counties
| State | Loans | Share |
|---|---|---|
| Texas | 75 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| San Antonio-New Braunfels | 32 |
| Austin-Round Rock-San Marcos | 28 |
| Houston-Pasadena-The Woodlands | 15 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300PZATEYE8VIEN67 | 2018–2025 |
| Respondent ID (the HMDA filer code before 2018) | 7473980438 | 2016–2016 |
Established 8 May 2015. Reported under HMDA 2016-2025.
Mergers, name changes, data editions and corrections: Smart Choice Mortgage's data.
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Smart Choice 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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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.
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