What NextMortgage does

NextMortgage, LLC is a privately held, San Ramon, California-based mortgage lender operating as a subsidiary of CMG Mortgage, Inc. (dba CMG Financial / CMG Home Loans). The company originates purchase mortgages and refinances under NMLS# 1937279 and is state-licensed in 23 states plus D.C., reaching retail consumers through a direct-to-consumer channel (website, NM HOME mobile app on iOS and Android, phone/chat inside sales), a field network of local loan officers (addressable via a "Find a Loan Officer" tool), and a Builder Division that provides co-branded financing to production home builders via Build & Lock, Flex, and Extended Lock programs. The business model is multi-stream: loan origination fees and secondary-market gain on sale, interest income on originated/serviced loans, and loan servicing fees.

The product suite is unusually broad for the headcount band reported (1-10 employees). Core government-backed and conventional products include FHA, VA, USDA, Fannie Mae HomeReady, Freddie Mac HomePossible, and Jumbo (up to $5M). Specialty/differentiated products include the trademarked All-In-One Loan (transactional offset-type mortgage that lets borrowers deposit cash to reduce principal while retaining liquidity), HomeFundIt (crowdfunding platform for down payments with 2:1 match up to $2,000), MedPro Premier (100% LTV up to $2M for medical professionals), Non-QM Edge and Advantage closed-end second liens for self-employed borrowers and investors, Halal Financing via an exclusive partnership with Ijara Community Development Corporation, Reverse Mortgage (62+), 203(k) Renovation, HomeStyle Energy, Flex HELOC, and Income-Based Grants (Freddie/Fannie, up to $2,500). Rate Rebound, a 5-year lender-fee-waiver refinance guarantee, and CMG Refi LITE (June 2026, no-title-insurance refinance saving ~$945 on average) round out the offering.

Customer acquisition is hybrid: consumer-facing digital marketing (blog/SEO, social media on Facebook/LinkedIn/Instagram, video testimonials, calculators) feeds self-serve application flows that convert into loan-officer-assisted originations; the Builder Division drives B2B2C volume from production home builders. Customer segments span first-time buyers, repeat buyers, military/veterans, rural and low-to-moderate income borrowers, medical professionals, self-employed borrowers, seniors 62+, home builders, and Islamic-finance seekers. Operating leverage comes substantially from CMG Mortgage Inc.'s shared corporate infrastructure across its multiple affiliated brands (Vision Lending, EVO Home Loans, Select Lending, Gibraltar Group, Linked Home Loans, Home Mortgage Advisors, Reliance Mortgage Partners), and from third-party partners for compliance, secondary-market execution, and specialized functions such as Ijara CDC for Islamic servicing. The company markets a 4.86/5.0 rating across 141 reviews via Testimonial Tree and reports NMLS, CCPA, GLBA, and Equal Housing Opportunity compliance.

Name

NextMortgage

Legal name

NextMortgage, LLC

Website

https://nextmortgage.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

NextMortgage is a San Ramon-based, multi-state licensed direct-to-consumer mortgage lender originating purchase and refinance loans for first-time buyers, repeat buyers, veterans, medical professionals, self-employed borrowers, seniors, and home builders, operating as a subsidiary of CMG Mortgage, Inc.

Ownership category

akta.pro rank

Headquarters

HQ city

San Ramon

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Mortgage Origination: NextMortgage originates mortgage loans including purchase mortgages and refinances. Revenue is generated through origination fees charged to borrowers at closing and gain on sale of loans in the secondary market.
2. Interest Income: As a mortgage lender, NextMortgage earns interest income on the mortgages it originates and holds or services.
3. Loan Servicing: Revenue from servicing mortgage loans, including collecting monthly payments and managing escrow accounts.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

NextMortgage is a residential mortgage lender that originates and services home purchase and refinance loans, including conventional, FHA, VA, USDA, and jumbo products, alongside specialty offerings such as the All In One transactional-offset mortgage, HomeFundIt down-payment crowdfunding, reverse mortgages, and Sharia-compliant Halal Financing. The company also operates a builder division providing financing partnerships for new construction and distributes loans through its website, NM HOME mobile app, and a network of loan officers across 23+ U.S. states.

Product overview

NextMortgage is a mortgage lending platform offering a comprehensive suite of loan products and financial tools. The core offering includes government-backed loans (FHA, VA, USDA), conventional loans, and jumbo loans. Specialty products include the All In One Loan (transactional offset mortgage), HomeFundIt (crowdfunding down payment platform), Reverse Mortgage (for homeowners 62+), Halal Financing (Islamic-compliant), and Builder Programs. Additional modules include renovation loans (203k), HomeReady/HomePossible (low down payment), MedPro Premier (medical professional financing), Non-QM products (self-employed borrowers), Rate Rebound (refinance guarantee), and a suite of mortgage calculators. The company operates as part of CMG Financial ecosystem.

Differentiator

Problem solved

Functional benefit

Products and services

• Conventional Loan Standard conforming mortgage financing for first-time and repeat home buyers and real estate investors, available with down payments as low as 3% and lender-paid mortgage insurance.
• FHA Loan Government-backed mortgage insured by the Federal Housing Administration with down payments as low as 3.5%, designed for first-time and low-to-moderate income buyers.
• VA Loan Mortgage financing for active-duty military, reservists, National Guard, veterans, and eligible surviving spouses, offering no money down and no monthly mortgage insurance premium.
• USDA Loan Rural development loan guaranteed by the USDA with no down payment required and option to finance the 1% funding fee and closing costs.
• Jumbo Loan Non-conforming mortgage for higher loan amounts up to $5 million for primary residences, second homes, vacation homes, and investment properties with up to 90% LTV.
• 203(k) Renovation Loan FHA-insured renovation financing for home repairs or remodeling with a single application, approval, closing, and mortgage payment.
• HomeFundIt Crowdfunding platform allowing family, friends, and others to contribute funds toward a borrower's down payment through social media integration, with a 2-to-1 match up to $2,000 for first-time buyers who complete home buyer education.
• All In One Loan Nation's first transactional offset-type mortgage program that combines home financing with banking functionality, allowing deposits to lower loan principal while funds remain accessible for expenses.
• Reverse Mortgage Mortgage product for homeowners aged 62 and older allowing them to access home equity as a lump sum, monthly payments, or line of credit with no monthly mortgage payments required.
• Halal Financing Islamic-compliant home financing program using an Ijara-wa-Iqtina lease-to-own structure delivered in partnership with Ijara Community Development Corporation, avoiding interest while building equity.
• Flex HELOC Home equity line of credit allowing homeowners to access up to $750,000 in as little as 3 days through an expedited approval process.
• Builder Programs Comprehensive new construction financing platform offering Build & Lock, Flex Lock, Extended Lock, Temporary Buydowns, Custom Construction Loans, Development Financing, Joint Venture, and Condo Project Approval programs for home builder partners.
• MedPro Premier 100% LTV financing program for medical professionals with loan amounts up to $2 million, no mortgage insurance, and student loan debt excluded from DTI calculation.
• Non-QM Edge and Advantage Non-qualified mortgage closed-end second lien programs for self-employed borrowers and real estate investors, allowing equity access without refinancing the first mortgage, with flexible income documentation including Full Doc, Bank Statement, and DSCR.
• Rate Rebound No-cost refinance guarantee program that allows borrowers to refinance with waived lender fees if rates drop within 5 years of closing, valid on conventional, government, and jumbo loans.
• CMG Refi LITE Refinance product with reduced title insurance fees using a title alternative for eligible owner-occupied Conventional refinances, potentially saving homeowners $225 to $2,059 (average savings around $945).

Quantifiable outcome

• HomeFundIt provides 2:1 matching up to $2,000 for first-time buyers who complete home buyer education
• +4 more outcomes

Named customers10 records

Segments10 records

Ideal customer profiles8 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Ijara Community Development CorporationcoreStrategic or Co-development PartnerExclusive partnership for Islamic-compliant home financing using the Ijara-wa-Iqtina structure. The Ijara CDC handles servicing, insurance, property taxes, and provides the lease-to-own framework that allows borrowers to build equity through rent payments without interest payments.
• Freddie MaccoreStrategic or Co-development PartnerFreddie Mac HomePossible loan program offered through NextMortgage, providing 3-5% down payment mortgages with flexible sources and cancellable mortgage insurance. Credit scores as low as 620, down payments as low as 5% with fixed and adjustable rate options.
• Fannie MaecoreStrategic or Co-development PartnerFannie Mae HomeReady loan program offered through NextMortgage for low down payment mortgages with cancellable mortgage insurance. Down payments as low as 3% available for first-time and repeat buyers.
• Gary Sinise FoundationminorOthersNextMortgage has raised thousands for the Gary Sinise Foundation through charity events. The foundation supports nation defenders, Veterans, first responders, and their families through various programs.
• Builder Partners (Adams Homes, Aho Construction, Casa Encanto, Eagle Construction, Greenstone Properties, HHHunt, WestBay Homes, NT&W, Trumark, McKee Building, William Lyon Homes)coreChannel Partner/ Reseller/ DistributorPartnerships with major home builders providing financing solutions for new construction. NextMortgage offers Build & Lock, Flex, and Extended Lock programs, construction-to-permanent loans, co-branded marketing, market intelligence, and sales training to builder partners.
• Freddie Mac/Fannie Mae Income-Based GrantscoreStrategic or Co-development PartnerIncome-based grant programs providing $2,500 for borrowers with qualifying income at or below 50% of county AMI. Combined with HomeFundIt matching and various DPA programs to reduce homeownership barriers.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• loanDepot: National retail mortgage lender with both direct-to-consumer and partner channels. Comparable in product breadth (purchase, refi, government, jumbo, HELOC) and in operating across a similar set of states, with deeper marketing spend and brand equity.
• NewRez: National mortgage lender with retail, wholesale, and correspondent channels. Comparable to NextMortgage on product breadth (conventional, government, jumbo, reverse, renovation) and on operating across a similar multi-state footprint.
• Caliber Home Loans: National retail and wholesale mortgage lender offering conventional, government, jumbo, and specialty products. Comparable to NextMortgage on full product menu and multi-state retail distribution, though at substantially larger scale.
• Better.com: Digital-first direct-to-consumer mortgage lender offering a full product suite (conventional, FHA, VA, jumbo) with proprietary technology. Closest comparable to NextMortgage on DTC positioning and product breadth, though operating at much larger scale.
• Guaranteed Rate: Retail mortgage lender with a direct-to-consumer digital funnel and a national loan officer network. Highly comparable to NextMortgage's hybrid DTC + loan officer model and similar product menu (conventional, FHA, VA, jumbo, reverse).
• Movement Mortgage: Retail mortgage lender with a national field-based loan officer network. Comparable to NextMortgage on retail origination, builder partnerships, and broad product offerings, though with a larger owned retail footprint.

Emerging players

• A&D Mortgage: Non-QM lender with strong focus on self-employed, investor, and non-traditional borrower products. Comparable to NextMortgage's Non-QM Edge/Advantage offerings and similar mid-market specialty positioning.
• Angel Oak Mortgage Solutions: Non-QM and specialty mortgage lender offering bank statement, DSCR, and other flexible-documentation products. Comparable to NextMortgage on the specialty/non-QM product strategy and target borrower profile.
• Newfi: California-based non-QM and specialty mortgage lender focused on self-employed borrowers, investors, and non-traditional income documentation. Direct comparator to NextMortgage's Non-QM Edge/Advantage and self-employed segment push.

Broad incumbents

• Rocket Mortgage: Largest U.S. direct-to-consumer mortgage lender and the category-defining incumbent. Overlaps with NextMortgage on every product type (conventional, FHA, VA, jumbo) and competes in the same multi-state consumer-direct funnel, but at vastly greater scale and brand recognition.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NextMtg
• LinkedInlinkedin.com/company/nextmtg
• Instagraminstagram.com/Next_Mtg

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NextMortgage