522292 - Real Estate Credit
When it comes to navigating the world of finance and real estate, NAICS code 522292 plays a crucial role. This industry classification specifically pertains to businesses that provide real estate credit, including mortgage financing and other loan services secured by real property. Whether you're a borrower, lender, or industry professional, understanding NAICS 522292 is essential for compliance, contracting, and market research.
What is NAICS Code 522292 – Real Estate Credit?
NAICS code 522292 covers establishments primarily engaged in providing real estate credit, which includes various types of mortgage financing services and loans secured by real estate. These businesses are pivotal in facilitating the financing of both residential and commercial properties, thereby supporting the broader real estate and construction industries.
Sector: Finance and Insurance
NAICS 522292 falls under the Finance and Insurance sector, a critical and expansive industry that encompasses a range of financial services. Within this sector, the real estate credit industry plays a specialized role focusing on lending services that use real estate as collateral.
Typical Business Activities under NAICS 522292
Businesses classified under this NAICS code engage in activities such as:
- Mortgage banking (nondepository mortgage lending)
- Construction lending
- Farm mortgage lending
- Home equity credit lending
- Reverse mortgage lending
- Acting as loan correspondents (providing lending funds secured by real estate)
These activities help in financing new constructions, home purchases, refinancing, and other real estate-related credit needs.
Size Standard for NAICS 522292
The SBA size standard for eligibility under NAICS code 522292 is:
- Annual revenue of $47 million dollars or less
This size standard is an important criterion for businesses seeking small business assistance, government contracts, or SBA loans within this classification.
Examples of Businesses under NAICS 522292
Some typical examples include:
- Mortgage bankers
- Mortgage companies
- Real estate credit lending agencies
- Mortgage loan brokers
These businesses are essential intermediaries between borrowers and the real estate market, providing essential funding for property acquisition and development.
NAICS 522292 Code Details Table
| Code Detail | Description |
|---|---|
| Construction Lending | Loans for building residential or commercial properties |
| Farm Mortgage Lending | Financing secured by farmland or agricultural real estate |
| Federal Land Banks | Institutions providing farm credit and related financing |
| Home Equity Credit Lending | Lenders offering loans secured by homeowners' equity |
| Loan Correspondents | Entities lending funds secured by real estate collateral |
| Mortgage Banking | Nondepository mortgage lending institutions |
| Mortgage Companies | Businesses specializing in mortgage origination or servicing |
| Real Estate Credit Lending | Agencies providing credit secured by real estate |
| Reverse Mortgage Lending | Loans enabling seniors to convert home equity into cash |
Frequently Asked Questions (FAQ) about NAICS 522292
What kinds of loans are included in NAICS 522292?
This code includes mortgage loans, home equity loans, reverse mortgages, construction loans, and farm mortgage loans — all secured by real estate collateral.
Which sector does NAICS 522292 belong to?
NAICS 522292 is part of the Finance and Insurance sector, focusing on lending services related to real estate.
What is the SBA size standard for businesses under NAICS 522292?
The size standard is $47 million dollars in average annual receipts.
Are mortgage brokers considered under this NAICS code?
Yes, mortgage loan brokers fall under NAICS code 522292 as they facilitate real estate credit transactions.
Do federal land banks fall under this NAICS code?
Yes, federal land banks involved in farm mortgage lending are included in this classification.
Conclusion
NAICS code 522292 – Real Estate Credit represents a vital segment of the finance industry that deals with lending backed by real property. Understanding this code is important for businesses within the mortgage and real estate lending markets, as well as for entities interested in government contracting or regulatory compliance. With a size standard of $47 million in revenue, this classification supports a diverse range of lenders from mortgage bankers to specialized farm lenders.
By knowing the scope and typical activities under NAICS 522292, stakeholders can better position themselves for opportunities and navigate the regulatory environments associated with real estate credit services.
Keywords: NAICS 522292, Real Estate Credit, mortgage lending, finance and insurance sector, real estate financing, construction lending, home equity loans, reverse mortgage, mortgage bankers, SBA size standards
