Loan purposes
HMDA records the purpose of every covered loan or application using Regulation C's codes. Each page shows the national trend since 2018, every state's share and the lenders with the most originations of that purpose in 2024.
| Purpose | Applications | Originations | Share of originations |
|---|---|---|---|
| Home purchase | 5,316,851 | 3,534,113 | 57.0% |
| Home improvement | 1,190,833 | 592,198 | 9.6% |
| Refinancing | 1,253,632 | 699,166 | 11.3% |
| Cash-out refinancing | 1,643,223 | 769,631 | 12.4% |
| Other purpose | 1,373,005 | 599,476 | 9.7% |
Purpose code 5 (not applicable, used for purchased loans) is not listed. Source: HMDA public LAR 2024.