Top Mortgage Lenders in DC

Now it’s time to check out the top mortgage lenders in DC, the capital of the United States.

In 2021, nearly 800 mortgage companies originated roughly $139 billion in home loans in The District.

That was one of the bigger totals for a state, even though the District of Columbia isn’t actually a state

Anyway, there can be only one…top mortgage lender to rule the rest. And as you may have guessed, it was Rocket Mortgage.

Some local companies made the top-10 lists as well. Read on to see who.

Top Mortgage Lenders in DC (Overall)

Ranking Company Name 2021 Loan Volume
1. Rocket Mortgage $8.4 billion
2. Pennymac $6.4 billion
3. Freedom Mortgage $5.5 billion
4. Truist $5.4 billion
5. Wells Fargo $5.1 billion
6. loanDepot $4.7 billion
7. Mr. Cooper $3.3 billion
8. McLean Mortgage $3.1 billion
9. Intercoastal Mortgage $3.1 billion
10. UWM $3.1 billion

In 2021, Rocket Mortgage led the District of Columbia with a solid $8.4 billion funded, per HMDA data from Richey May.

They were trailed by Los Angeles-based Pennymac with $6.4 billion, which is a top correspondent lender.

In third was Freedom Mortgage with a close $5.4 billion, followed by Truist with $5.1 billion and Wells Fargo with $4.7 billion.

The bottom half of the top 10 included loanDepot, Mr. Cooper, McLean Mortgage, Intercoastal Mortgage, and United Wholesale Mortgage.

Both McLean Mortgage and Intercoastal Mortgage can be considered local companies as both call Fairfax, Virginia home.

Always good to see some homegrown lenders shake it up with the big national brands.

Top Mortgage Lenders in Washington DC (for Home Buyers)

Ranking Company Name 2021 Loan Volume
1. Truist $2.5 billion
2. Pennymac $2.4 billion
3. McLean Mortgage $1.9 billion
4. Wells Fargo $1.8 billion
5. Intercoastal Mortgage $1.7 billion
6. Chase $1.4 billion
7. Caliber Home Loans $1.4 billion
8. Atlantic Coast Mortgage $1.4 billion
9. U.S. Bank $1.4 billion
10. George Mason Mortgage $1.3 billion

If we focus on home buyers, the list changes quite a bit, both with new names and a new order.

In first was Truist with $2.5 billion funded, not a big surprise as home buyers often turn to banks over nonbank lenders for an important home purchase.

However, Pennymac was a very close second with $2.4 billion funded, followed by McLean Mortgage with $1.9 billion.

Home buyers also seem to like using local options as it probably gives them…

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